April 2024 Real Estate Market Update for Estes Park and Larimer County

Welcome back to another market update! April 2024 brought some notable shifts in real estate trends for Estes Park and Larimer County. Let’s dive into the data and see what it means for buyers and sellers.

Estes Park Highlights

• New Listings: Decreased by 21.1% to 15.
• Closed Sales: Up 114.3% with 15 sales compared to 7 last year.
• Days on Market: Increased 34.8% to 120 days.
• Median Sale Price: Dropped to $888,000 from $920,000.
• Month Supply of Inventory: Rose to 3.1 months, a 55% increase.

For buyers, this means more options and less competition. Sellers should focus on strategic pricing and marketing as properties are staying on the market longer.

Larimer County Overview

• New Listings: Increased by 14.8% to 589.
• Closed Sales: Steady with a slight rise to 372.
• Days on Market: Decreased by 10.9% to 57 days.
• Median Sale Price: Rose to $615,500 from $585,000.
• Month Supply of Inventory: Increased 57.1% to 2.2 months.

Larimer County’s market is competitive but balanced, offering opportunities for both buyers and sellers. Prompt action is recommended for buyers, while sellers benefit from rising prices and steady sales rates.

Conclusion

Staying informed is key in real estate. Whether you’re planning to buy or sell in Estes Park or Larimer County, our Signature Home Team is here to guide you with personalized expertise. Contact us today to discuss your goals!

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