Tue Mar 09 2021
This week the median list price for Firestone, CO is $559,000 with the market action index hovering around 41. This is an increase over last month's market action index of 37. Inventory has held steady at or around 3.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$559,000|
|Per Square Foot||$171|
|Days on Market||21|
|Slight Seller's Advantage|
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$559,000||3,297||0.25 - 0.5 acre||4||2||40||1||1||21|
|$565,000||3,297||0.5 - 1 acre||2||2||29||1||0||0|
|$559,000||3,410||0.25 - 0.5 acre||5||4||40||0||0||147|
|$360,000||1,360||6,500 - 8,000 sqft||4||2||46||0||1||21|