Real Estate Market Update April 1, 2022

No Foolin’

This is not an April Fool’s joke.


Average prices in Metro Denver just exceeded $700,000 in Metro Denver.  Larimer County isn’t far behind.


For the month of March, the average residential sales price in the 5-county Metro Area was $704,000.  This does not include Boulder County.


Larimer County was $691,000 and we expect to see an average exceeding $700,000 in the very near future.


It’s also interesting to note the average price for properties currently listed for sale and not sold yet.  In Larimer County it is $848,000 and in Metro Denver it is $1,100,000.


You might be asking, why have prices appreciated to this level?  Quite simply, supply and demand.


The Front Range has a healthy, growing economy plus an incredibly high quality of life.  Meanwhile, standing inventory is low which results in upward pressure on prices.