October 2024 | Market Update

Northern Colorado Real Estate Market Update: October 2024

The October 2024 real estate market in Northern Colorado reflects both challenges and opportunities, showcasing the diverse nature of this vibrant region. With unique dynamics shaping the luxury and general market sectors, the data this month offers a deeper look at what’s driving the choices of sellers and buyers alike. Here’s a closer, more personal take on these important numbers.

New Listings (Luxury Market)
- Fort Collins: With 27 new listings, down 13% from last year’s 31, sellers seem to be approaching the market with more caution. This slight pullback could reflect a strategic pause as homeowners gauge broader economic signals.
- Boulder: An impressive 60% rise in new listings—from 5 to 8—hints that sellers are feeling confident about tapping into a pool of buyers who value Boulder’s unmatched lifestyle and investment potential.
- Timnath: Stability is the theme here, with 3 new listings, mirroring last year. This consistency may indicate a balance between supply and demand in this community.
- Berthoud: The numbers hold steady at 2 new listings, suggesting a small but steady luxury segment. Sellers here seem to favor exclusivity, creating a sense of rarity that appeals to discerning buyers.
- Estes Park: A notable 60% drop, down to just 2 new listings from 5 last year, could reflect a cautious approach from sellers mindful of shifting buyer preferences in unique mountain areas.
- Larimer County: A modest 4% increase in new listings, rising to 70 from 67, suggests a cautious yet steady confidence in this diverse region.
- Boulder County: Up 43%, from 7 to 10 listings, Boulder County’s growth speaks to its enduring desirability. Sellers seem to be responding to a well-informed and patient buyer base.
- Weld County: New listings rose 22%, from 27 to 33. This increase hints at expanding opportunities as sellers look to attract buyers interested in more emerging areas.

Sold Listings (General Market)

- Berthoud: With a 58% jump in sold listings, rising from 24 to 38, buyer interest in Berthoud is on the rise. The community’s appeal may be its blend of space and accessibility.
- Boulder: A 19% increase, from 101 to 120 sold listings, underscores Boulder’s strong market, driven by a mix of prestige and quality of life that continues to draw high-net-worth buyers.
- Broomfield: The 48% surge, from 71 to 105 sold listings, suggests competitive pricing and desirable property features are winning over buyers.
- Denver Metro: Sold listings rose 12%, from 3,007 to 3,363. This consistent growth points to a steady flow of transactions, even as market conditions evolve.
- Erie: An 11% rise, from 55 to 61 sold listings, highlights Erie’s growing reputation for offering both charm and affordability.
- Estes Park: A significant 43% drop, from 30 to 17 sold listings, reflects a more cautious buyer sentiment, likely influenced by broader economic factors.
- Evergreen: The 17% increase in sold listings, from 41 to 48, shows that properties promising seclusion and nature continue to captivate buyers.
- Firestone: A modest 5% rise, from 21 to 22 sold listings, hints at stable interest as buyers look beyond traditional hot spots.
- Fort Collins: A striking 38% increase, from 158 to 218 sold listings, affirms Fort Collins’ position as a key market for those seeking a balance of vibrant city life and residential comfort.
- Greeley: Holding steady at 94 sold listings year-over-year, Greeley’s consistent performance reflects a balanced market.
- Johnstown: An 11% increase, from 36 to 40 sold listings, shows this smaller market’s quiet yet steady appeal.
- Lafayette: A robust 44% increase, from 25 to 36 sold listings, speaks to Lafayette’s allure as a mid-sized town with diverse housing options.
- Longmont: Up 7%, from 113 to 121 sold listings, indicating reliable buyer interest in this established community.
- Louisville: A 12% drop, from 26 to 23 sold listings, could indicate recalibration or simply seasonal trends.
- Loveland: Up 15%, from 92 to 106 sold listings, showing strong, diversified interest.
- Lyons: Stable at 9 sold listings, maintaining its niche market driven by those looking for distinctive small-town living.
- Severance: A 10% increase, from 20 to 22 sold listings, highlights its growing popularity for suburban buyers.
- Timnath: A 12% decrease, from 25 to 22 sold listings, may suggest a momentary cooling in buyer enthusiasm.
- Windsor: A 25% rise, from 67 to 84 sold listings, reinforces its reputation as an emerging market drawing significant attention.

Key Market Insights
1. Luxury Market Trends: Boulder’s increase in new listings reflects sellers’ optimism and strategic timing to meet a discerning buyer base. Similarly, Boulder County’s rise shows sellers responding to sustained demand.
2. Buyer Enthusiasm: Fort Collins’s substantial 38% increase in sold listings, along with Broomfield’s 48% surge, illustrates that buyers are prioritizing locations with balanced amenities and investment potential.
3. Shifting Inventory: The decline in new and sold listings in Estes Park highlights the varied nature of the market, influenced by both economic factors and specific buyer interest.

October 2024 finds Northern Colorado’s real estate market at an intriguing juncture. The area’s unique mix of stability and innovation continues to attract a broad spectrum of buyers and sellers. For those with a strategic outlook, understanding the interplay of these trends can reveal compelling opportunities as the market evolves.

About MCM CollectiveSince 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.