Median home prices rise at torrid pace [Insane Bidenflation in Northern Colorado & Boulder Valley]

Longmont Times Call ^ | 3/8/2022 | Ken Amundson

[catnipman]

[18%-34% per annum median home price increases]

And that market, Longmont, was no slouch either with a 17.9% increase, from $509,000 in February 2021 to $600,000 in 2022.

The data, compiled by Information and Real Estate Services LLC based in Loveland, also showed that Longmont had only 47 active listings during the month, compared with 78 in the same month a year ago. Forty-one homes were sold in February 2022 with an average time on the market of 23 days.

The Loveland/Berthoud area topped the charts during February with a 33.8% increase in median sales price for single-family residential homes, rising from $425,000 in February 2021 to $568,647 in the same month of 2022. A total of 118 homes sold that month in an average on-market time of 58 days.

The median sales price in the Fort Collins market in February was $625,610, up 29.7% from $482,500 in February 2021. A total of 140 homes sold during the month, with an average time on the market of 48 days.

Boulder home prices rose 28.3% year over year with the 2022 median at $1,587,450 and the 2021 median at $1,237,000. Thirty-eight homes sold during the month with an average time on the market of 32 days.

The median single-family home price in Estes Park was $705,000, up 25% from $560,000 a year ago in February. A total of 13 homes sold during the month; time on the market was 56 days.

The median sales price in the Greeley/Evans market was $434,850, up 21% from the $359,000 recorded in February 2021. A total of 127 homes sold during the month. The average time on the market was recorded at 57 days.

[catnipman]

Bidenflation kills it! Rents necessarily skyrocket too, and youngsters trapped by high rents and insane housing prices have little chance at the American Dream whenever Democrats are in control ...

stolen elections have consequences ...

[lodi90]

Watch the CCP. The housing market could retreat if Chinese start pulling out money from US in preparation for a Taiwan takeover.

[millenial4freedom]

if that happens, the California housing market could drop like a rock

[millenial4freedom]

yep...but hey, shouldn’t we be glad that we have such constitutional conservatives as Mitt Romney and Lindsey Graham fighting for us? /s

[Tell It Right]

Is that impacting Colorado housing prices? I'm hip to the CCP buying real estate here, but I haven't heard about it in Colorado.

However, Colorado is insanely popular among young adults. It's basically where they go to think they can get away from their Gen X and boomer parents and grandparents who they think are the cause of all problems, only to have the real world slap them in the face when they're on their own. LOL (I think it's healthy and the experience will help them mature like prior generations did when they stepped out on their own.)

[rellic]

I own debt free, ocean and mountain view acreage, two houses and a large workshop in very rural Hawaii state. all are new and in good repair and maintained. It is said to be worth over a million dollars.
So what?
I would be happier if it were only worth 50 bucks.
almost no property taxes then.

[Buttons12]

“Median home prices rise at torrid pace”

Torrid?

[cibco]

This area just lost around 600 homes to a fire. I think there is a large demand...