8910 Hunter Way, Westminster Colorado SOLD Offered at $325,000 Contact Misty Deiparine directly for more information, or to setup a showing. Welcome to 8910 Hunter Way located in Shaw Heights. This 3 bedroom 1 bathroom cozy brick home...
Indian Peaks Real Estate Stats May 2017
Indian Peaks Real Estate Stats May 2017
Here comes the summer and with it a slow in the marketplace. This has been something we have talked about consistently over the past few years. About the time June hits the spring market slows down and the Buyers thin out.
The inventory in Indian Peaks virtually the same as it was in May of 2016. However, the days on market has increased from 53 to 93 days to close a real estate transaction from list to sold. That is a 56% increase in the days on market! The absorption rate also shows the slowing in demand from one month of inventory in April and May of 2015 to over 2 months of inventory available today. The part that is strange about this is that we are seeing the slowing in demand through April and May, which is before the historic decline in demand when we normally see a slower June.
One thing that makes me think that demand is slowing is that prices are increasing to a point that make them more difficult for the average buyer to obtain. The homes that are still active on the market are pushing over the $600,000 mark. This is making it imperative that a home coming to the market has its best foot forward in order to entice the Buyer. That is more than simply being clean. Things like updates need to be considered. Considering the following updates is crucial to entice a Buyer to offer on your home. Some things to consider might be:
- Flooring – is it dated? Could the wood floors be restained with a new more modern color, or are they the honey oak color? This color is out of style and turns off Buyers.
- Trim – is it over painted, or dinged up? Its probably time to upgrade to a tall, flat plank.
- Cabinets – are they the original McStain (which have likely yellowed like the floors)? This is a big deal to Buyers who want to move into a home and not worry about making updates. Do you price the home for a new kitchen, or do you replace the kitchen? These are serious questions.
- Carpet – if the carpet is older than 5 years it is likely that it needs to be changed before selling.
- Bathroom fixtures – if they are gold they are not in style anymore. These are easy fixes that don’t break the bank.
- Ceiling fans and chandeliers – are they the original ones McStain put in with the house? If so, they should likely be updated.
- How old is the roof? Many throughout the neighborhood are coming due for replacement.
- Do you have any energy efficiency features that Buyers might be interested in such as solar, upgraded insulation, high efficiency furnace and air conditioner or new windows? These are popular with Buyers who don’t want to move into an uncomfortable home that is expensive to heat and cool.
Its best to do these updates slowly over time so that your budget isn’t overwhelmed by the to-do list. Call me and we can discuss a 24 month timeline for doing these updates slowly. I even have advice on getting some rebates for the energy efficiency items.
Leanne 720-465-7005
Leanne Goff
Click to learn about Leanne Goff. She has been a Boulder County REALTOR since 2007. Her priority is to help Sellers achieve the highest return on their investments in a timely manner.
Contact Leanne Goff
May 2017 HOMES SOLD | ||||||||
Attached Home Sales (Townhomes) | ||||||||
Type | Price | SqFt | Address | $ per SqFt | % SALES to LIST | Days On Market | Days Till Contract | Community |
ATD | $393,500 | 1578 | 113 Rowena Pl | $249 | 102% | 24 | 5 | Indian Peaks Gold Hill |
ATD | $465,000 | 2056 | 131 Salina St | $226 | 107% | 27 | 4 | Indian Peaks Gold Hill |
AVERAGE | $429,250 | $238 | 105% | 26 | 5 | |||
Single Family Homes <4500 | ||||||||
Type | Price | SqFt | Address | $ per SqFt | % SALES to LIST | Days On Market | Days Till Contract | Community |
<4500 | $535,000 | 2512 | 170 High Country Dr | $213 | 98% | 154 | 120 | Indian Peaks Hilltop |
<4500 | $634,900 | 2627 | 2725 Meadow Mountain Trl | $242 | 100% | 33 | 3 | Indian Peaks West |
AVERAGE | $584,950 | $227 | 99% | 94 | 62 | |||
Single Family Homes >4500 | ||||||||
Type | Price | SqFt | Address | $ per SqFt | % SALES to LIST | Days On Market | Days Till Contract | Community |
>4500 | $1,255,000 | 5904 | 1284 Lost Creek Ln | $213 | 97% | 72 | 33 | Inidna Peaks East |
>4500 | $1,370,000 | 6526 | 789 Niwot Ridge Ln | $210 | 99% | 51 | 3 | Indian Peaks East |
AVERAGE | $1,312,500 | $211 | 98% | 62 | 18 |
Now Under Contract | |||||||
Type | Price | SqFt | Address | $ Sq ft | Beds | Baths | Community |
ATD | $389,000 | 1772 | 638 Beauprez Ave | $220 | 2 | 3 | Indian Peaks East – Lexington |
<4500 | $619,000 | 3332 | 2561 Lexington St | $186 | 4 | 4 | Indian Peaks Lexington |
<4500 | $865,000 | 4306 | 543 Sawtooth Pt | $201 | 6 | 4 | Indian Peaks East |
<4500 | $880,000 | 4457 | 2206 Eagles Nest Dr | $197 | 6 | 4 | Eagles Nest |
<4500 | $569,900 | 2572 | 370 Rendezvous Dr | $222 | 3 | 4 | Indian Peaks Village Green |
>4500 | $1,397,000 | 5683 | 2444 Bitterroot Cir | $246 | 5 | 6 | Indian Peaks East |
>4500 | $1,195,000 | 5854 | 718 Skywalker Pt | $204 | 4 | 4 | Indian Peaks West |
Now Active | |||||||
Type | Price | SqFt | Address | $ Sq ft | Beds | Baths | Community |
ATD | $530,000 | 2462 | 238 Rendezvous Dr | $215 | 3 | 4 | Indian Peaks Hedgerow |
<4500 | $629,000 | 2892 | 2253 Evening Star Ln | $217 | 5 | 4 | Indian Peaks East |
<4500 | $677,625 | 3002 | 2485 Lexington St | $226 | 4 | 4 | Indian Peaks Lexington |
<4500 | $714,900 | 3455 | 2847 Clear Creek Ln | $207 | 4 | 4 | Indian Peaks South |
<4500 | $720,000 | 3168 | 300 Morning Star Ln | $227 | 5 | 4 | Indian Peaks East |
<4500 | $725,000 | 3455 | 2843 Twin Lakes Cir | $210 | 5 | 4 | Indian Peaks South |
<4500 | $749,000 | 3770 | 364 Morning Star Ln | $199 | 4 | 4 | Indian Peaks East |
<4500 | $820,000 | 4384 | 2239 Evening Star Ln | $187 | 5 | 4 | Indian Peaks East |
<4500 | $834,900 | 3974 | 445 Indian Peaks Trl W | $210 | 5 | 5 | Indian Peaks West |
<4500 | $880,000 | 3843 | 2290 Eagles Nest Dr | $229 | 5 | 4 | Eagles nest |
<4500 | $899,000 | 4010 | 433 Indian Peaks Trl W | $224 | 4 | 3 | Indian Peaks West |
>4500 | $998,000 | 4673 | 2829 Shoshone Trl | $214 | 6 | 4 | Indian Peaks West |
>4500 | $1,370,000 | 4865 | 715 Skywalker Pt | $282 | 6 | 5 | Indian Peaks West |
>4500 | $1,370,000 | 5353 | 2854 Shoshone Trl | $256 | 5 | 5 | Indian Peaks West |
>4500 | $1,150,000 | 5516 | 2431 Targhee Pt | $208 | 5 | 6 | Indian Peaks East |
>4500 | $1,225,000 | 6460 | 794 Niwot Ridge Ln | $190 | 5 | 5 | Indian Peaks East |