This is the Berthoud CO September 2012 Real Estate Market Report:

August Property sales were 11, down -8.3% from 12 in August of 2011 and -8.3% lower than the 12 sales last month. August 2012 sales were at a mid level compared to August of 2011 and 2010. August year-to-date sales of 107 are running 21.6% ahead of last year's year-to-date sales of 88.

The Median Sales Price in August was $254,900, up 51.5% from $168,250 in August of 2011 and down -11.8% from $289,000 last month. The Average Sales Price in August was $274,293, up 17.9% from $232,604 in August of 2011 and down -10.6% from $306,749 last month. The August 2012 Average Sales Price was at highest level compared to August of 2011 and 2010.

The Total Inventory of Properties available for sale as of August was 132, up 8.2% from 122 last month and up 18.9% from 111 in August of last year. August 2012 Inventory was at highest level compared to August of 2011 and 2010. The Average Days On Market for August was 53, down -15.9% from 63 days last month and down -50.0% from 106 days in August of last year. The August 2012 Average Days On Market was at its lowest level compared with August of 2011 and 2010.

After strong activity in spring and summer, the Berthoud CO real estate market has slowed dramatically over the last two months, with drops in sales and prices, although inventory has continued to rise. Looking over previous years, we have seen similar fluctuations in these same periods, and in attempting to figure out what is happening, we need to be mindful of the fact that demand for this market is derived primarily from activity in the larger cities surrounding it.

With the increase in inventory, there will continue to be excellent opportunities for ready homebuyers looking for attractively priced homes. And favorable interest rates will maintain their positive impact on affordability. For sellers, it will still be important to prepare homes properly and price them competitively if they expect to find success.

If you'd like to browse homes for sale currently on the market, please take a look at our custom search page for Berthoud CO. If you find something of interest, please give us a call - we would be pleased to show you any of these fine homes at your convenience.