FIRST QUARTER 2021 MARKET REPORT — Mini Highlands Cows at Wicked Windy Ranch

Bottom Line on Top: The Seller’s Market for Douglas County Horse Properties is even more fierce than Q4 2020

Douglas County Horse properties are homes listed within Douglas County, Colorado that have 3 or more acres, and the zoning allows for horses.
We have the lowest inventory of horse properties on the market in over 3 years. If you have been thinking of selling, our last 6 listings had multiple bids and went over asking price. Call me for a market analysis. I will put together a solid strategy to help you meet your goals.
If you are a buyer, don’t be discouraged. We know more properties will continue to come online as spring comes around. Let’s get organized now so that you can be a competitive buyer when your perfect property is listed!

For January 2021, horse properties under $1M had increased in value year over year by 10%.
For February 2021, we have less than 8 homes available at any given time and over 50 are under contract or sold in the last month. Normal available inventory is closer to 20-40 units. Many of our buyers have started to look at suitable vacant land to build their own horse property!

Home values are rising so quickly, that some appraisers are updating their approach to include competing offers when considering home values.
Buyers shouldn’t get discouraged. Preparation and a realtor who negotiates / advocates for your offer can offset these price hurdles.
While it doesn’t seem this upward price trend can continue, we just haven’t seen the signs of a more balanced situation. Stay tuned for next quarterly report to find out if prices level out!