Real Estate & Construction  November 8, 2023

Housing prices tick upward despite interest rates

Housing prices in Northern Colorado and the Boulder Valley continued their upward climb, despite rising interest rates that now exceed 8%.

Outliers included both Estes Park — median prices down 17.4% — and Loveland/Berthoud, which recorded a slight decline. All data is from the monthly Information and Real Estate Services LLC multi-list report.

Boulder single-family homes median sale prices increased 2.3% to $1.55 million, up from $1.52 million a year ago in October and well over the $1.36 million recorded in September. Only 40 homes sold in October, just over the 39 sold in September.

SPONSORED CONTENT

Business Cares: February 2024

This Month’s Featured Nonprofit: At the Boulder Community Health (BCH) Foundation our donors have partnered with us to invest in the best medical resources available to support the treatment and recovery of our patients. Our staff and physicians recognize that providing the best quality of care can sometimes mean assisting patients with the social and … Continued

In Fort Collins, 176 homes sold at a median price of $580,840, down from the $617,950 of September but above the $575,000 of October a year ago, or 1% up. 

Greeley/Evans sold 103 single-family homes at a median price of $425,000, up from the $421,500 of September and up 4.2% from the $406,000 of October a year ago.

Longmont single-family home sales in October were 12.2% higher than the same month of 2022. Sixty-one homes sold during the month at a median price of $630,000, above the $603,500 median of September and the $561,500 of October 2022.

In Loveland/Berthoud, 125 single-family homes sold at a median price of $550,000, down from the $553,200 of September and the $560,000 of October last year. That’s a 1.8% reduction.

Estes Park is very quickly moving into its slower winter season. Twenty-seven homes sold at a median price of $670,000, down from $775,000 in September and 17.4% down from $811,000 in October last year.

Housing prices in Northern Colorado and the Boulder Valley continued their upward climb, despite rising interest rates that now exceed 8%.

Outliers included both Estes Park — median prices down 17.4% — and Loveland/Berthoud, which recorded a slight decline. All data is from the monthly Information and Real Estate Services LLC multi-list report.

Boulder single-family homes median sale prices increased 2.3% to $1.55 million, up from $1.52 million a year ago in October and well over the $1.36 million recorded in September. Only 40 homes sold in October, just over the 39 sold in September.

In Fort Collins, 176 homes sold at a…

Ken Amundson
Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
Sign up for BizWest Daily Alerts

Related Content