Estes Park Trail Gazette: Colorado housing markets have a demand problem
Estes Park average home price up 22% year-over-year
“The average sale price for a single-family home has jumped 21.9% compared to last year, townhouse/condos also saw an increase of 29.6%. While this is not quite as rapid of growth as other areas of Colorado, it is an incredible increase to the overall pricing in an already tight market. New listings are down 22.7% for single family and down 6.3% for condos.
“Overall, inventory has dropped 76.9% for single-family homes and an even bigger drop for condos at 80.6%, bolstering the frustration to snag that perfect piece of the Rockies. While fun to see the growth and desirability, working with buyers has become much harder as the competition is tough,” said Estes Park-area REALTOR® Abbey Pontius.