November 2024 | Market Update

General Market Trends

The general market in Northern Colorado demonstrated resilience across key metrics, with several communities experiencing notable growth in sold listings and inventory. Here's a closer look:

Sold Listings

• Fort Collins: Down 6%, to 148, reflecting a slight cooling in activity.
• Boulder: Up 2%, to 97, maintaining its steady appeal for buyers.
• Windsor: A dramatic 129% increase, to 71, showcasing its rise as an emerging market.
• Berthoud: Up 26%, to 29, highlighting continued interest in its balanced living environment.
• Evergreen: A significant 56% rise, to 42, driven by demand for properties offering seclusion and natural beauty.

Homes for Sale

• Denver Metro: Up 36%, to 8,489, expanding options for buyers in this dynamic urban area.
• Lyons: Inventory grew 90%, to 40, reinforcing its niche appeal.
• Estes Park: A 63% increase, to 116, reflecting heightened seller activity.

Average Sales Prices

• Single-Family Homes:
  • Timnath: A 48% increase, to $1,023,381, signals growing interest in its luxury offerings.
  • Evergreen: Up 12%, to $1,247,506, reflecting demand for high-end mountain properties.
• Condos/Townhomes:
  • Evergreen: A 7% increase, to $695,253, underscores robust interest in high-quality multi-family units.

Months of Supply

• Boulder: Up 24%, to 3.6 months, signaling a more balanced market.
• Estes Park: Up 61%, to 5 months, shifting toward a buyer's market.

Luxury Market Trends

The luxury market in Northern Colorado saw dramatic activity shifts, particularly in Fort Collins and Boulder. High-end buyers and sellers showcased confidence in specific areas while recalibrating in others.

New Listings

• Fort Collins: A 125% increase, to 18 listings, highlights growing seller confidence.
• Boulder: Down 50%, to 1 listing, emphasizing exclusivity in this high-demand market.
• Larimer County: Up 39%, to 46 listings, reinforcing its position as a luxury hub.

Closed Sales

• Fort Collins: A remarkable 350% surge, from 4 to 18, showcases surging demand for high-end properties.
• Boulder: Up 200%, to 6, reaffirming its status as a top luxury destination.
• Weld County: A 33% increase, to 16, reflects the region's growing luxury market.

Average Sales Prices

• Boulder: Down slightly by 2%, to $6,902,083, but still commanding the highest average in the region.
• Fort Collins: Down 6%, to $1,579,306, reflecting potential recalibration in pricing.

Months of Supply

• Estes Park: Up 48%, to 8.6 months, signaling a buyer's market.
• Fort Collins: Up 11%, to 3.9 months, showing steady inventory growth.

Total Sales Volume

• Boulder: A 195% increase, to $41.4M, highlights the robustness of its ultra-luxury segment.
• Fort Collins: Up 20%, to $28.4M, driven by increased transactions.

Key Insights

1. General Market Stability: Markets like Windsor and Longmont are emerging as hotspots, while Boulder and Fort Collins maintain steady demand.
2. Luxury Market Growth: Fort Collins leads the luxury market in growth, with a 350% increase in closed sales, while Boulder showcases its dominance in ultra-luxury sales with a highest sale of $10M.
3. Inventory Shifts: Expanding inventory across many areas provides opportunities for buyers, especially in Estes Park and Weld County.

Conclusion

Northern Colorado’s real estate market, spanning both general and luxury sectors, continues to evolve with resilience and opportunity. Whether seeking a family home in a growing community or an exclusive luxury estate, buyers and sellers alike can navigate these trends strategically to achieve their goals.

About MCM Collective Since 2013, McBartlett Cavalier McBartlett, together known as The MCM Collective, have been setting a foundation for sustainable wealth in Northern Colorado. A modest and reflective approach to real estate has proven their attention is beyond an established sales volume or the number of sides closed, deeply inspired to do more for the individuals and families within their communities. In an era where technology and experience intertwine to shape a clients’ future, MCM Collective continues to evolve with the complexities of a competitive market ensuring their client's best interest is not only maintained but consistently exceeded. They have achieved exceptional sales results consistently attracting over-asking offers in some of Colorado’s most competitive markets including Boulder, Fort Collins, Longmont, Timnath, Broomfield, Erie, Denver Metro, Lafayette, Windsor, Morrison, Evergreen, Cherry Creek, Loveland, Windsor, and Estes Park. Through the merriment of established and responsible partnerships and business practices that prioritize transparent and proactive communication, in addition to a technical and diversified level of experience across the team, MCM Collective’s 25 years of combined experience continues to deliver integrity to sellers, buyers, and investors.

Marketing Prowess:

Exposure is everything, and at MCM Collective at Compass, our marketing is clean, modern, and simple to convey quality and sophistication. We think of the optimal buyer for a property, understanding that every property is unique, and highlight its strengths to our target demographic in language they will understand and be attracted to. MCM Collective has thoroughly developed processes to maximize exposure and assist property owners through the sale and purchase of luxury residential Real Estate. Leveraging cutting-edge technology, clients experience a high level of transaction communication and process management. MCM Collective uses world-class marketing harnessing high-end professional photography, videography, property staging, social media, and enhanced online presence. MCM Collective blends targeted digital and print in local and international channels for the highest quality, highest value successful sale of luxury properties, allowing MCM Collective to sell some of the most exclusive properties in Colorado.