Firestone and Frederick

January 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 January 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!

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!

Year to Year

Jan-18 Jan-19 % change
Average Sold Price US$ 403,325 US$ 331,908 -22%
New Listings 24 25 4%
Active Listings 29 39 26%
Under Contract 25 25 0%
Sold Listings 12 12 0%
Days on Market 46 33 -39%
Months Supply of Inventory 1.20 1.60 25%
Average Percent of Original List Price 100.10% 99.10% -1%
Avg. Price Per Tot Sq Ft 128 197 35%

 

Month to Month

Dec-18 Jan-19 % change
Average Sold Price US$ 394,552 US$ 331,908 -19%
New Listings 12 25 52%
Active Listings 30 39 23%
Under Contract 23 25 8%
Sold Listings 28 12 -133%
Days on Market 53 33 -61%
Months Supply of Inventory 1.20 1.60 25%
Average Percent of Original List Price 99.50% 99.10% -0%
Avg. Price Per Tot Sq Ft 170 169 -1%

 

 

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!
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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