Revolutionizing · Modernizing · SimplifyingRevolutionizing · Modernizing · SimplifyingDrake and Red Feather Lakes are both in Larimer County. There are 30 homes for sale in Drake and 60 in Red Feather Lakes as this page loaded. Asking prices are roughly the same in both: a median of $503,950 in Drake and $502,000 in Red Feather Lakes. Homes are moving faster in Drake — a median of 92 days on market against 107 in Red Feather Lakes. On months of supply both are a buyer's market right now.
| Measure | Drake | Red Feather Lakes |
|---|---|---|
| Homes for sale | 30 | 60 |
| New in last 30 days | 7 | 6 |
| Median asking price | $503,950 | $502,000 |
| Median price per sq ft | $378 | $322 |
| Median size (sq ft) | 1,495 | 1,760 |
| Median bedrooms | 2 | 3 |
| Median days on market | 92 | 107 |
| Months of supply | 12.4 | 8.7 |
| Sold, last 12 months | 29 | 83 |
| Median sold price | $385,000 | $400,000 |
| Median days to sell | 86 | 67 |
| Sold vs asking price | 96.0% | 97.0% |
The darker figure in each row is the lower price, the shorter wait or the larger number — which of those is the good news depends entirely on whether you are buying or selling.
Drake is more expensive. The median asking price is $503,950 in Drake against $502,000 in Red Feather Lakes. By price per square foot, Drake runs $378 and Red Feather Lakes $322.
Homes for sale in Drake have been on the market a median of 92 days, against 107 days in Red Feather Lakes. Of the homes that actually closed in the last twelve months, Drake took a median of 86 days and Red Feather Lakes 67.
Drake is a buyer's market and Red Feather Lakes is a buyer's market, measured on months of supply — 12.4 months in Drake and 8.7 in Red Feather Lakes. More months of supply means more choice and more room to negotiate, so on that measure Drake is the easier of the two to buy in today. That is the arithmetic, not advice — the right town is the one you want to live in.
There are 30 homes for sale in Drake and 60 in Red Feather Lakes as this page loaded, 7 and 6 of them new in the last 30 days.
They are not published on a schedule and they are not a monthly snapshot. Both towns are read from the live MLS feed at the same instant, when you open this page, so the two sides are always measured against each other rather than against different weeks.
Both sides of this comparison are recalculated from the live MLS feed at the moment the page loads - neither is a monthly snapshot, and the two are read at the same instant so they are always comparable. Figures cover residential homes for sale; rentals, land and commercial are excluded, as are fractional co-ownership shares, which are priced per share and would distort the medians. Sold figures cover the last twelve complete calendar months. Market data is deemed reliable but not guaranteed - talk to us before making a decision on it.