Firestone and Frederick

February 2019 Real Estate Market Report for Frederick

mikejgold Real Estate Market Reports Leave a Comment

How is the real estate market in Frederick?

In this post and video I will outline the fundamentals of the Frederick Colorado real estate market by reviewing demand (sold and under contract listings) and supply levels (active and new listings) within the city of Frederick for the month of February 2019 as well as review where the market has been via lagging indicators (sales price), and current market health with month’s supply of inventory, days on market and list to sales price ratio.

Oh, by the way, do not forget to check out how the overall metro Denver Real Estate market is doing by clicking here!

Year to Year

Feb-18 Feb-19 % change
Average Sold Price US$ 364,440 US$ 367,152 1%
New Listings 26 63 59%
Active Listings 24 57 58%
Under Contract 24 51 53%
Sold Listings 20 20 0%
Days on Market 27 63 57%
Months Supply of Inventory 0.90 2.20 59%
Average Percent of Original List Price 100.5% 99.10% -1%
Avg. Price Per Tot Sq Ft 150 155 3%

Month to Month

Jan-19 Feb-19 % change
Average Sold Price US$ 340,877 US$ 367,152 7%
New Listings 25 63 60%
Active Listings 39 57 32%
Under Contract 25 51 51%
Sold Listings 14 20 30%
Days on Market 31 63 51%
Months Supply of Inventory 1.60 2.20 27%
Average Percent of Original List Price 98.1% 99.10% 1%
Avg. Price Per Tot Sq Ft 190 155 -23%

 

Frederick Colorado Real Estate

Single Family Homes

This week the median list price for Frederick, CO 80530 is $370,000 with the market action index hovering around 36. This is an increase over last month’s market action index of 35. Inventory has held steady at or around 26.

Market Action Index 36

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.  Slight Seller’s Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Attached Dwellings (Townhome and Condos)

This week the median list price for Frederick, CO 80530 is $500,000 with the market action index hovering around 56. This is an increase over last month’s market action index of 42. Inventory has held steady at or around 1.

Market Action Index 56

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

For today’s report on these metrics click here!

As a Frederick Real Estate Agent let me know if you’d like to know more about the value of your home by filling out the form below.

Free Home Evaluation

The value of your home has most certainly changed since you bought it! Take a few seconds to fill out the form below and we'll prepare an expert market analysis of your home at no cost!
  • Tell us a little bit about your situation
  • Where is the property located?
  • Who can we contact with your completed market analysis?

For Frederick home buyers you can view homes for sale on the MLS with our property search tool.

New Listing - 6 days online
$393,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,830
SQFT
6307 Independence Street
Frederick, CO 80516
Wyndham Hill Subdivision
New Listing - a week online
$429,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,930
SQFT
6814 Spruce Street
Frederick, CO 80530
Carriage Hills Subdivision
New Listing - 2 weeks online
$423,900
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,799
SQFT
109 Wake Street
Frederick, CO 80530
Maple Ridge II Subdivision
New Listing - 2 weeks online
$388,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,465
SQFT
7009 Shavano Circle
Frederick, CO 80504
Westview Subdivision
New Listing - 2 weeks online
$415,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,107
SQFT
101 Hawthorn Street
Frederick, CO 80530
Maple Ridge Subdivision
New Listing - 2 weeks online
$185,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,200
SQFT
Prairie Greens #196
6211 Audubon Street
Frederick, CO 80530
New Listing - 2 weeks online
$449,280
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
3,702
SQFT
112 Wake Street
Frederick, CO 80530
Maple Ridge II Subdivision
New Listing - 2 weeks online
$422,290
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
3,380
SQFT
124 Wake Street
Frederick, CO 80530
Maple Ridge II Subdivision

 

About the Author

mikejgold