Sales volume plummets, but home prices hold steady
LOVELAND — Across the Boulder Valley and Northern Colorado, fewer homes were sold in April than in the months prior to the COVID-19 outbreak. But the houses that did sell retained their value, according to newly released information from multiple-listing service Information and Real Estate Services LLC, based in Loveland.
IRES tracks home sales in Boulder, Fort Collins, Longmont, Loveland/Berthoud, Greeley/Evans and Estes Park, all markets within Boulder, Broomfield, Larimer and Weld counties.
In Boulder, the total monthly sales volume was $33,466,136, down more than 62% from April 2019. There were 29 sales on 174 active listings.
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The median sales price was $1,125,000, the highest month yet in 2020.
Homes sold in April spent an average of 43 days on the market.
Fort Collins saw 192 sales on 593 active listings in April for a monthly sales volume of $96,812,781, down 14.2% year-over-year. The median sales price last month was $445,000, the highest in 2020. Homes sold in an average of 73 days.
In the Greeley-Evans market, there were 107 sales on 289 active listings in April. Total sales volume was $37,312,394, down 35.1% compared with April 2019.
Greeley also saw homes prices peak for the year in April when the median price was $340,000. Homes sold in an average of 56 days.
Longmont had 73 sales on 174 listings in April and $35,459,394 in total sales volume, down 24.4% from April 2019.
Home prices fell slightly from March, with an April median of $451,000. Homes took an average of 55 days to sell in April.
Loveland, which boasted 167 sales on 429 listings in April, had $77,316,594 in total sales volume, a 7.5% year-over-year decline.
Last month’s median sales of $398,026 was down slightly from March and just a tad off the 2020 high in February of $400,000 Home sold in April sat for an average of 75 days.
Estes Park was the only area in the region to see sales volumes increase compared with April 2019. Estes Park saw 18 sales on 84 active listings and a total sales volume of $11,055,500, up 24.1% from the same month last year.
The median April price was $513,750, down from 2020 high of $575,250 in March. Homes sold after an average of 107 days on the market.
