Median price of home in Boulder topped $1 million for May

LOVELAND — Four residential real estate submarkets in the Boulder Valley and Northern Colorado posted their highest home prices of the year in May, led by Boulder’s median-home price of $1,008,970, according to a report released Thursday by Loveland-based Information and Real Estate Services LLC.

The median home price in Boulder surpassed the $1 million mark in May. Christopher Wood/BizWest.

Fort Collins, Longmont and Estes Park also posted highs for the year in May.

In Boulder, the median price came on 74 sales from 229 listings. Homes that sold were on the market for an average of 50 days. The median price in Boulder was $890,000 in May of last year.

In Estes Park, the median price reached $468,500, up from $405,000 for the same month a year ago. There were 30 sales from 134 listings, and the average time on the market was 106 days.

Longmont broke the $400,000 barrier, with a median price of $415,000 for the month, compared with $355,000 in May of last year. There were 114 homes sales from 207 listings, with an average of 47 days on the market.

In Fort Collins, the median price crept near the $400,000 market, coming in at $395,250 on 294 sales from 705 listings. Homes that sold on average were on the market for 65 days, according to the report. The median price in May of last year was $355,000.

The median price in the Loveland/Berthoud market for May was $350,000, up from $345,000 in May of last year, but less than the $372,750 recorded in February of this year. There were 272 sales from 513 listings with an average time on the market of 70 days.

In Greeley, the median price in May was $277,500, up from $260,000 a year ago. The high point of the year came in April at $279,500. In May, 150 homes sold from 276 listings with an average time on market of 48 days.