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Woodland Park, Colorado - Current Market Information

By Debi Boucher

Real Estate Agent with Real Estate Showcase Photography

December 05, 2008 04:03 AM

Current Woodland Park Home Values Compared to One Year Ago

The following provides information for the differences in home values in the City of Woodland Park between October 2007 and October 2008.

On the average, our prices are down 4.3%, with the greatest drop in values affecting 4 bedroom homes which are down 10%, 3 bedroom homes down 5.7%, and 2 bedroom homes down 4.1%.

Current Average 1 Year Ago Average

2 bedroom - 162,500 169,500

3 bedroom - 200,000 212,000

4 bedroom - 294,000 326,600

The average price per square foot in the past year has gone down from $232.00 to $153.0, an average of 34.1%.The greatest drop per square foot is for 2 bedroom homes, down 58%, 3 bedroom homes down 12.6%, and 4 bedroom homes down 6.7%.

Woodland Park average price per square foot

Between October 29 and November 19 of this year, the average list price for all homes in Woodland Park has dropped from 436,777 to 423,988 - down .9% during that 3 week period.

Overall, sales in the City of Woodland Park are down 55.4% over last year (median sales price down 4.3%), sales in Divide are down 37.5% (median sales price down 6%), and in Florissant, sales are down 9.1% (median sales price down 60.6%).

Perhaps the dramatic drop in prices in Florissant are due in large part to the fuel price crisis, (that thankfully seems to be correcting itself), but that drop has resulted in more sales for the Florissant area than we're seeing in other areas.

If you are a seller in this market, look carefully at these numbers, and price your home accordingly!

Prudential Professional REALTORS, ASP REALTOR, Woodland Park Real Estate, Woodland Park Colorado 80863 – Serving the City of Woodland Park, Teller County, Ute Pass, and Park County since 1997.