First American Market Report
Franktown, CO
Single-Family Homes
First American Title | 303.305.1350 | www.firstam.com/title/co
Franktown, CO
Sun Jul 12 2020
This week the median list price for Franktown, CO is $1,195,000 with the market action index hovering around 34. This is an increase over last month's market action index of 29. Inventory has held steady at or around 25.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $1,195,000 | |
| Per Square Foot | $283 | |
| Days on Market | 144 | |
| Price Decreased | 36% | |
| Price Increased | 16% | |
| Relisted | 16% | |
| Inventory | 25 | |
| Median Rent | $2,100 | |
| Most Expensive | $2,300,000 | |
| Least Expensive | $500,000 | |
| Market Action | 34 | |
| Slight Seller's Advantage | ||
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,999,999 | 6,132 | N/A | 5 | 5 | 19 | 0 | 0 | 205 |
| $1,437,500 | 4,787 | 2.5 - 5 acres | 4 | 4 | 1 | 0 | 1 | 143 |
| $1,036,674 | 4,212 | 5 - 10 acres | 5 | 3 | 20 | 1 | 0 | 199 |
| $810,000 | 3,930 | 5 - 10 acres | 4 | 3 | 25 | 1 | 1 | 44 |