Teller County, Colorado, offers residents a unique blend of natural beauty and a close-knit community atmosphere. As of January 2025, the local real estate market presents both opportunities and challenges for prospective homeowners.
Current Market Overview
According to recent data, the median sale price of homes in Teller County is approximately $465,000, reflecting a 7% decrease from the previous year. The median price per square foot has seen a slight increase of 0.2%, now standing at $267. (View full data on Redfin)
Insights from Realtor Andrea Cashdollar
Andrea Cashdollar, a prominent real estate specialist in the region, emphasizes the importance of understanding these market dynamics. She notes that while the median sale price has decreased, the slight uptick in price per square foot indicates sustained value in the area's properties. Andrea advises potential buyers to consider the long-term benefits of investing in Teller County, given its desirable location and community appeal. (Learn more from Andrea Cashdollar)
Factors Influencing the Market
Several elements contribute to the current housing trends:
Inventory Levels: The number of homes available for sale has remained relatively stable, with 877 homes listed in December 2024, reflecting a 1.7% increase from the previous year. (Check inventory levels on Rocket Homes)
Time on Market: Homes are spending more time on the market, averaging 118 days, which is an increase from previous periods. This trend suggests a shift towards a buyer’s market, providing more options for those looking to purchase. (See market trends on Redfin)
Opportunities for Buyers
With the current market favoring buyers, Andrea Cashdollar recommends exploring available properties that offer both value and potential for appreciation. For instance, a listing at 219 Granby Lake Way in Divide, CO, presents a compelling opportunity for those seeking a home in a serene setting. (View listing on Redfin)
Navigating the Teller County real estate market requires informed decision-making and the guidance of experienced professionals. By staying updated on market trends and consulting with local experts like Andrea Cashdollar, buyers can make choices that align with their goals and the unique offerings of this vibrant community.
Buying or Selling? Ask Andrea Cashdollar!
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