Winter 2021 Market Report

Douglas County Horse properties are homes listed within Douglas County, Colorado that have 3 or more acres and the zoning allows for horses.

• Monthly homes for sale before the pandemic averaged 70-80 homes. In 2020, the monthly average dropped to 59 homes. And in 2021, there were only 37 units. At this time, there are only 26 homes available in Douglas County that allow for horses. If you have been thinking of selling and taking advantage of the market, I will put together a solid strategy to help you meet your goals.

• If you are a buyer, we expect additional homes to be listed. Lets prepare now to be a competitive buyer and find you a great horse property!

Average Monthly Sale Prices Increased in 2021 by 57%

While year over year property values increased, that increase was achieved in the first half of 2021.

Strong buyer demand in 2021 for homes priced under $1.5M. Overall inventory is still at all time lows even adjusted for seasonality of the market.

Low inventory of horse properties under $1.5M and NONE under $1M

As price increases, there are fewer real buyers. The “Multiple Offers on the first weekend” trend is primarily for homes under $1M.

Some Sellers were testing the waters of pricing to see if their home could bring top dollar.

And now the fine print: The above information has been researched from the Metro Denver MLS System (www.REcolorado.com) by Penny Smith of Results Realty of Colorado based in Larkspur, CO. It is believed to be accurate, but is NOT guaranteed. Every property will have unique factors affecting value such as location, condition, acreage, quality, size, age, upgrades and features. This is reflected in the wide range for “High and Low Price per Finished Square Feet” shown above. A thorough in-person assessment by an experienced real estate broker or licensed real estate appraiser is recommended to determine the actual current market value on an individual property.