Here is the January 2013 Real Estate Market Report for Berthoud CO:
December Property sales were 19, up 111.1% from 9 in December of 2011 and equal to 0.0% 19 sales last month. December 2012 sales were at their highest level compared to December of 2011 and 2010. December year-to-date sales of 175 are running 33.6% ahead of last year's year-to-date sales of 131.
The Median Sales Price in December was $245,000, down -7.5% from $265,000 in December of 2011 and down -0.6% from $246,400 last month. The Average Sales Price in December was $280,418, down -15.8% from $332,967 in December of 2011 and down -2.0% from $286,226 last month. The December 2012 Average Sales Price was at the lowest level compared to December of 2011 and 2010.
The Total Inventory of Properties available for sale as of December was 100, up 1.0% from 99 last month and up 11.1% from 90 in December of last year. December 2012 Inventory was at highest level compared to December of 2011 and 2010. The Average Days On Market for December was 70, up 2.9% from 68 days last month and down -47.8% from 134 days in December of last year. The December 2012 Average Days On Market was at its lowest level compared with December of 2011 and 2010.
2012 was a much more active year for the Berthoud real estate market than the two previous years - sales were up considerably and finished the year strongly, and prices have leveled and become much less volatile. And while inventories have fallen, the decrease has been much less than in other areas in the region. Of course, as a smaller community, the real estate market is driven to a large extent by conditions in the larger cities in the region, but as the regional economy continues to improve, this can only be good news for the Berthoud market.
The favorable location for regional commuters and a nice selection of well-priced homes and small acreages will keep buyers interested through the slower winter months - there should continue to be a moderate amount of activity. So sellers who would like to enter the market will be best served by pricing competitively and properly preparing their homes for viewing.
If you'd like to browse homes for sale in Berthoud CO, check out our Custom Search Page. If you run across anything that you would like to see, please give us a call - we would be happy to show you any of these fine homes at your convenience.