Erie CO Homes For Sale: Erie Real Estate Market Trends

Posted by Phil Boren on Thursday, September 16th, 2010 at 11:47am.

Erie, CO homes for sale: Erie real estate market trends are encouraging. Over the past 2 years, the Erie residential re-sale market has improved slightly, according to data from IRES on 9/16/2010. Erie Commons and Erie Village are two of the more popular residential subdivisions, but there's a wide variety of housing available in Erie. Summarized in the following table, the median price of a sold listing in Erie has increased by 2.7% - not dramatic, but positive.

erie co homes for sale, erie real estate, erie homes

Specifically, looking at the above results by month, in July of this year the median re-sale price of $383,600 was the highest since March of 2009, and was the 2nd highest in 2 years. Other indicators also point to an improving market in Erie over the past 2 years:

The average price/sf has increased by 3.5%
The number of Erie homes for sale (inventory) has increased by 10.7%
The number of Erie homes under contract is up 32.3%
The number of Erie homes sold is up 53.9%

Keep in mind that these MLS figures are across all price ranges in Erie, but overall the Erie market has performed comparitively well recently. If you are interested in buying or selling an Erie home, please feel free to contact us. We will be happy to provide you with market information specific to your home and your neighborhood.

Phil Boren
Cell: 720-579-8800
Direct: 303-441-5647
Email: philboren@gmail.com
My Profile on Google.com

We welcome your comments! Please Note: It is our policy to moderate all comments and no spam will be published. Also, no links are allowed in the body of the comment.