Once again, over all the prices of homes in our area have gone up in the last month. In our quadrant of 95th and South Boulder Road through 95th and Baseline Road, there were 15 new listings in June the average price at $674,137 down from $693,841 in May, due to a dip in the lower price range (one house). The list price range for June was from $349,900 up to $1,160,000. The median price is up to $685,900 from $675,000 May. Of the homes that sold, 4 contracted at list price, 6 were under list, and 5 were over list. July sales may slow slightly due to the increase of vacations and a shift from the frenzy of spring, as people start considering if it is possible to close and move before school starts.
Colorado Front Range is considered the most stable market in the entire country. Anyone who can buy now should consider it. Interest rates should remain lower but prices should continue to climb at the 1% a month rate we have seen over the last year.