2017 was a record year for residential real estate in Laramie County, Wyoming.
The greater Cheyenne area continues to see rising home prices in Single Family, Rural Residential and Condos/Townhomes as well as having a record year in number of homes sold and total sold dollar volume. Laramie County has followed the national trend with rising median sale prices and higher total sold volume as compared to 2016. The median sale price for single family homes has been on the rise since 2011 and rose over $15,000 from 2016 to end at $225,000 for 2017. Rural Residential homes median sale price continues to see gains every year since 2009 and finished out 2017 at $355,000 over $31,000 higher than 2016. Condos and Townhomes rose $8,000 above the 2016 price to end at $208,000 in 2017. Days on the market stayed consistent compared to 2016 as did the sales price to list price comparison.
Dave Coleman, President of the Cheyenne Board of REALTORS, had this to say about our local market “We have been fortunate with our market growing at a very manageable pace.”
The National Association of REALTORS predicts that home prices in the U.S. are expected to increase in 2018 by roughly 2%. Talk to your REALTOR for a current update on the market in Laramie County and your neighborhood.
Watch for the monthly statistical reports released by the Cheyenne Board of REALTORS around the 15th of every month on their Facebook page and website.
Photo by: #IDLERPHOTO