Indian Peaks Real Estate Stats May 2017

by Leanne Goff | Jun 6, 2017 | Blog, Indian Peaks, Lafayette Stats, Leanne, Uncategorized | 0 comments

Indian Peaks Real Estate Stats May 2017

indian peaks lafayette co 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

Indian Peaks Real Estate Stats April 2017

by Leanne Goff | May 7, 2017 | Blog, Indian Peaks, Lafayette Stats, Leanne | 0 comments

Indian Peaks Real Estate Stats April 2017

This month in Indian Peaks we have had an interesting start to the season. Inventory is definitely back up with 16 single family homes available to purchase, and only one that was sold in the month of April. Last month there were only 8 homes so inventory has almost doubled with the coming of spring.

Of the homes that are actively available on the market there are only two that come in below a $600,000 list price. That means that of the 16 homes available 80% of the homes will require a jumbo loan (or a large down payment) from the Buyer to purchase. This requirement narrows the number of qualified Buyers to purchase the property.

There are 7 homes available for Buyers to choose from that are listed between $600,000-$900,000 make up about 43% of the market. Of these homes, 3 of them have been on the market for over a month and 4 are new as of April.

April brought a 3 new million dollar plus homes to the market for a total of 6 custom homes available for Buyers to choose from. Its great to see the confidence of Sellers who now feel that the market has returned for their luxury homes. It’s easy to see why their confidence is growing with 3 homes under contract and 3 sold in this category through April, with an average price of $1,200,000. However, inventory has doubled in this category since February giving more choices for the Buyers in this segment.

It will be interesting to see how the Buyers respond to the choices and if price adjustments will be made to accommodate for the extra inventory. It would seem that these homes need to be very careful with the price per square foot so that they can be competitive in the market and entice the Buyers. Nine of these homes are currently listed for more than $200 per square foot with six of them over $210 for total square foot. There are four homes that are perched above $220 per square foot, which might be a bit high considering the inventory.

Because there is such a large inventory of premium homes which require specialty jumbo loans, my advice to Sellers would be to go through your home with a fine toothed comb. Bring in the contractors and handymen to refine things in your home. For starters, make sure that the wood floors are puttied and don’t have cracks, check the paint to make sure that there aren’t scruffs and that it looks fresh, consider replacing the carpet and deep clean everything (including windows! In the premium market the Buyer doesn’t want to feel like they need to move in and do updates. It’s my bet that the prettiest houses will win by obtaining Buyers first.

For information about how to prep your home for sale so that you can obtain the best return in with the shortest time on the market, please contact me directly. I have an 18 plan that I can share with you to give you ideas for refining your home and getting it ready for sale.

Leanne Goff 720-465-7005 leanne@trailridge.co

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

Type	Price	SqFt	Address	$ per SqFt	% SALES to LIST	Days On Market	Days Till Contract	Beds Bath	Community
RES	$835,000	3884	793 Snowbird Ln	$215	102%	56	10	3/3	Indian Peaks Eagles Nest
RES	$975,000	5707	2830 Shoshone Trl	$171	98%	69	10	6/5	Indian Peaks West
RES	$1,130,000	5582	2086 Navajo Trl	$202	100%	123	56	6/6	Indian Peaks East
RES	$1,520,000	6980	2424 Bitterroot Cir	$218	100%	54	11	6/6	Indian Peaks East
AVERAGE	$1,115,000			$202	100%	76	22

Type	Price	SqFt	Address	$ per SqFt	% SALES to LIST	Days On Market	Days Till Contract	Beds Bath	Community
ATD	$393,500	1578	113 Rowena Pl	$249	102%	38	7	3/4	Indian Peaks Hedgerow
AVERAGE	$393,500			$249	102%	38	7

Now Under Contract
Type	Price	SqFt	Address	Beds/ Bath	Community
RES	$634,900	2627	2725 Meadow Mountain Trl	4/4	Indian Peaks West
RES	$865,000	4306	543 Sawtooth Pt	6/4	Indian Peaks East
RES	$1,297,000	5904	1284 Lost Creek Ln	6/6	Indian Peaks East
RES	$1,390,000	6526	789 Niwot Ridge Ln	4/5	Indian Peaks East
RES	$475,000	1883	561 Hoyt Ln	5/5	Indian Peaks South
RES	$544,900	2512	170 High Country Dr	5/4	Indian Peaks Hilltop
RES	$895,000	3843	2290 Eagles Nest Dr	5/4	Indian Peaks Eagles Nest

Now Active
Type	Price	SqFt	Address	Beds/ Bath	Community
ATD	$389,000	1772	638 Beauprez Ave	2/3	Indian Peaks East – Lexington
ATD	$435,000	2056	131 Salina St	4/4	Indian Peaks Gold Hill
RES	$569,900	2572	370 Rendezvous Dr	3/4	Indian Peaks Village Green
RES	$629,000	3332	2561 Lexington St	4/4	Indian Peaks Lexington
RES	$645,000	2904	2842 Cascade Creek Dr	4/4	Indian Peaks South
RES	$720,000	3168	300 Morning Star Ln	5/4	Indian Peaks East
RES	$725,000	3455	2843 Twin Lakes Cir	5/4	Indian Peaks South
RES	$729,900	3455	2847 Clear Creek Ln	4/4	Indian Peaks South
RES	$749,000	3770	364 Morning Star Ln	4/4	Indian Peaks East
RES	$895,000	4457	2206 Eagles Nest Dr	6/4	Indian Peaks Eagles Nest
RES	$1,149,000	4673	2829 Shoshone Trl	6/4	Indian Peaks West
RES	$1,150,000	5516	2431 Targhee Pt	5/6	Indian Peaks East
RES	$1,195,000	5854	718 Skywalker Pt	4/4	Indian Peaks West
RES	$1,250,000	6460	794 Niwot Ridge Ln	5/5	Indian Peaks West
RES	$1,370,000	5353	2854 Shoshone Trl	5/5	Indian Peaks West
RES	$1,397,000	5683	2444 Bitterroot Cir	5/6	Indian Peaks East

Indian Peaks March 2017 Real Estate Update

by Leanne Goff | Apr 8, 2017 | Blog, Indian Peaks, Lafayette Stats, Leanne, Real Estate, Stats | 0 comments

Indian Peaks March 2017 Real Estate Update

This month throughout Indian Peaks we have seen the average price jump due to a higher priced sale in Eagle’s Nest. The median price is hovering around $569,000 which is a 5% increase since the beginning of the year.

For the past two months the average price per square foot has been at $225 in February and $218 in March. This is very strong compared to the dip that was taken throughout the fall and winter months when from July through December the average was only $184. We had been discussing the effect that the election had on prices through those months and now we can see that the Buyers are back with the spring time.

It’s interesting to note that the market through the fall months was at 0.98, meaning it would take less than one month for market demand to absorb all inventory if market conditions stayed the same and no more inventory came to the market. Since the beginning of the year the absorption rate has dipped a bit to 0.8 months of inventory, which is very similar but shows the increased demand (like the price per square foot) but in a different format.

For specific details about what your home is worth in this market, please contact me directly at 720-465-7005 or email me using the contact form on this page. Even if you are not thinking of selling for a year or two but would appreciate a market snapshot specific to your home, I’m available with no obligation. Looking forward to your call!

Leanne

March 2017 HOMES SOLD Single Family Homes
Type	Price	SqFt	Address	$ per SqFt	% SALES to LIST	Days On Market	Days Till Contract	Beds Bath	Community
RES	$504,000	1883	518 Hoyt Ln	$268	104%	6	6	4/4	Indian Peaks South
RES	$505,000	2170	573 Hoyt Ln	$233	98%	9	9	4/4	Indian Peaks
RES	$530,000	2365	2310 Waneka Lake Trl	$224	93%	38	16	4/4	Indian Peaks Waneka
RES	$539,900	2796	339 Lodgewood Pt	$193	100%	53	2	3/3	Indian Peaks East Village Green
RES	$645,000	2949	2954 Shoshone Trl	$219	103%	63	6	4/4	Indian Peaks West
RES	$561,000	3004	133 High Country Trl	$187	99%	50	7	3/4	Indian Peaks Waneka
RES	$920,000	4477	769 Snowbird Ln	$205	101%	32	2	6/5	Indian Peaks East Eagle Nest
AVERAGE	$600,700			$218	100%	36	7

Now Under Contract
Type	Price	SqFt	Address	Beds/ Bath	Community
RES	$1,150,000	5582	2086 Navajo Trl	6/6	Indian Peaks East
RES	$1,297,000	5904	1284 Lost Creek Ln	6/6	Indian Peaks East
RES	$1,390,000	6526	789 Niwot Ridge Ln	4/5	Indian Peaks East
RES	$815,000	3884	793 Snowbird Ln	3/3	Indian Peaks East Eagle Nest
RES	$639,000	2627	2725 Meadow Mountain Trl	4/4	Indian Peaks West
RES	$1,500,000	6980	2424 Bitterroot Cir	6/6	Indian Peaks East

Now Active
Type	Price	SqFt	Address	Beds/ Bath	Community
RES	$865,000	4306	543 Sawtooth Pt	6/4	Indian Peaks East
RES	$1,150,000	5516	2431 Targhee Pt	5/6	Indian Peaks East
RES	$1,250,000	6460	794 Niwot Ridge Ln	5/5	Indian Peaks East
RES	$629,000	3332	2561 Lexington St	4/4	Indian Peaks East Lexington
RES	$544,900	2512	170 High Country Dr	5/4	Indian Peaks Waneka
RES	$1,149,000	4673	2829 Shoshone Trl	6/4	Indian Peaks West Custom
RES	$1,370,000	5353	2854 Shoshone Trl	5/5	Indian Peaks West Custom
RES	$1,000,000	5707	2830 Shoshone Trl	6/5	Indian Peaks West Custom

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

Indian Peaks Neighborhood Lafayette

The Indian Peaks Neighborhood of Lafayette CO is known for being one of the exclusive communities to live in throughout Boulder County. Click to read more.

Indian Peaks February 2017 Real Estate Update

by Leanne Goff | Mar 9, 2017 | Blog, Indian Peaks, Lafayette Stats, Leanne | 0 comments

Indian Peaks February 2017 Real Estate Update

For all homes in East County that have sold since April 2014 I found the following data on the price per square foot:

The price per square foot in 2014 was about $205 on average. The price today is about $235 per square foot today which is about a 15% appreciation in value over 2 years. Note that it is difficult to compare the sold price in an ‘apples to apples’ situation because of how vastly different the homes can be in size. It was really all over the board to compare the final sales price. I feel like the price per square foot helps break down the differences in size.

Then when we do the same graph specific to Lafayette, this is what is found:

The price started around $185 per square foot and is now hovering around $200 per square foot. This is about an 8% appreciation in value.

All of this is nice, but how do things look in Indian Peaks? I think this is important to look at because (for example) Blue Heron is notoriously behind Indian Peaks in the price per square foot (by about 25% consistently)

So for Indian Peaks specifically:

The price per square foot started around $180 in 2014. Now it is hovering around $205 per square foot. This represents almost 14% appreciation in 2 years.

For the Indian Peaks neighborhood it is easier to compare the average sales price, since the homes are overall more consistent in size and construction. The average price in 2014 appears to have been around $910,000 and now its reflecting around $1,050,000 – again, this is about a 15% increase in 2 years.

SOOOO— the big question is how does this information fare against the smaller homes in Indian Peaks. Using the data that we consistently collect for our statistics updates, I was able to compile the following graphs. These are based on all homes with <4999 sq ft on a quarterly basis.

The price per square foot on a quarterly average was about $166 in the first quarter of 2014. In the last quarter of 2016 it was about $192 per square foot. This is about 15.5% average increase in 2 years.

Looking at the quarterly average sales price for homes <4999 in Indian Peaks we can see that in the first quarter of 2014 the average linear average is showing a price of $575,000. The average sales price in the final quarter of 2016 is about $670,000. This is about a 16.5% appreciation in value since 2015.

The data suggests that over the past 2 years the larger homes have been tracking pretty closely in appreciation to the smaller homes throughout Indian Peaks.

My impression of the future of our market includes a few things:

If interest rates go up, the pressure from Buyers will likely decrease causing the drastic appreciation in value to slow for all homes and property types.
The marijuana money in the marketplace is having a significant impact. I am seeing and working with people who have LOTS of pot cash who are using the money to buy property outright. I don’t see an end to this in the future and believe it will have a continued effect on the accelerating prices in the marketplace.
The Baby Boomers are retiring and transferring their wealth to their heirs. This transference of wealth has just started and I foresee it continuing for the next 5-7 years, possibly longer. I don’t see an end to this in the immediate future and believe it will have a continued effect on the accelerating prices in the marketplace.
Google is coming… need I say more? I’m sure that you anticipate the wave of wealth this will bring to our area. I don’t think all the Google’ers will be coming and buying million dollar homes. In fact, I see them as families who earn about $100,000-$150,000 annually. Therefor, I foresee most of the Google employees moving here and buying the littler homes allowing people (like yourselves) to move up into the larger homes. This will help drive the $1m+ category of homes in a way that we have not seen over the past 10 years.
Not just people from Google are establishing here. There is a mass migration into our state at this time that is going to continue to drive people into the smaller homes, and those of us who are established into the larger ones.

Of the 5 items driving the marketplace I foresee one of them as likely to slow the market and all the others to continue to drive the market. I don’t get the impression these things will change any time soon.

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

Tennyson Hills Home for Sale, Arvada Colorado

by Leanne Goff | Apr 25, 2019 | Agents, Blog, Drew, Leanne, listings, Under Contract | 0 Comments

6051 Tennyson St, Arvada Colorado Offered at $406,000 UNDER CONTRACT Contact Leanne Goff or Drew Smith directly for more information, or to setup a showing. The location of the home couldn’t be better on the edge of the hot Berkeley...

Move-in Ready Home in Longmont’s Idaho Creek

by Drew Smith | Apr 18, 2019 | Agents, Blog, Drew, Leanne, listings | 0 Comments

10474 Lower Ridge Rd, Longmont Colorado Offered at $340,000 UNDER CONTRACT Contact Drew Smith or Leanne Goff directly for more information, or to setup a showing. This home sits on one of the premier lots in Idaho Creek. The home backs to...

Jefferson Park Duplexes on W 25th Avenue for Sale

by Autumn White | Apr 17, 2019 | Agents, Autumn, Blog, listings | 0 Comments

Jefferson Park Duplexes on West 25th Ave Starting at $725,000 Contact Autumn White directly for more information. Please call Autumn White to set-up a showing, 720-399-6271 Welcome to Jefferson Park Duplexes on West 25th Avenue Six beautiful new...

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Indian Peaks Neighborhood Lafayette

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Lafayette CO

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Indian Peaks Tie-Dye Party

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February 2017 HOMES SOLD Single Family Homes
Type	Price	SqFt	Address	$ per SqFt	% SALES to LIST	Days On Market	Days Till Contract	Beds Bath	Community
RES	$525,000	2358	330 Cliffrose Cir	$223	100%	50	3	3/3	Indian Peaks East
RES	$537,888	2232	2544 Lexington St	$241	102%	27	3	4/4	Indian Peaks East Lexington
RES	$610,000	2872	610 Indian Peaks Trl W	$212	102%	7	7	4/3	Indian Peaks West
AVERAGE	$518,222			$228	102%	32	8

Attached Home Sales (Townhomes)
Type	Price	SqFt	Address	$ per SqFt	% SALES to LIST	Days On Market	Days Till Contract	Beds Bath	Community
ATD	$400,000	1698	222 Rendezvous Dr	$236	104%	44	17	2/3	Indian Peaks Waneka Hedgerow
AVERAGE	$400,000			$236	104%	44	17

Now Under Contract
Type	Price	SqFt	Address	Beds/ Bath	Community
RES	$569,950	2365	2310 Waneka Lake Trl	4/4	Indian Peaks Waneka
RES	$625,000	2949	2954 Shoshone Trl	4/4	Indian Peaks West
RES	$569,000	3004	133 High Country Trl	3/4	Indian Peaks Waneka
RES	$915,000	4477	769 Snowbird Ln	6/5	Indian Peaks East
RES	$1,150,000	5582	2086 Navajo Trl	6/6	Indian Peaks East
ATD	$390,000	1898	2600 Stonewall Ln	2/3	Indian Peaks Waneka Hedgerow
ATD	$419,500	1900	412 Blue Lake Trl	3/2	Indian Peaks West

Now Active
Type	Price	SqFt	Address	Beds/ Bath	Community
RES	$559,900	2512	170 High Country Dr	5/4	Indian Peaks Waneka
RES	$650,000	3835	388 Driftwood Cir	3/3	Indian Peaks Waneka
RES	$875,000	4306	543 Sawtooth Pt	6/4	Indian Peaks East
RES	$1,184,000	5516	2431 Targhee Pt	5/6	Indian Peaks East
RES	$1,297,000	5904	1284 Lost Creek Ln	6/6	Indian Peaks East
RES	$1,370,000	5353	2854 Shoshone Trl	5/5	Indian Peaks West Customs

Indian Peaks January 2017 Real Estate Update

by Leanne Goff | Feb 12, 2017 | Blog, Indian Peaks, Lafayette Stats, Leanne | 0 comments

Indian Peaks January 2017 Real Estate Update

Monthly statistics for the Indian Peaks neighborhood in Lafayette Colorado.

indian peaks east custom home

With the turn of the year from 2016 to 2017 we have seen the market turn as well. Last fall and winter things were stalled out. As you may recall I hypothesized that it was due to the election. Now that we have moved through the end of 2016 the beginning of the year has been heating back up! It is distinctly back to a Seller’s Market.

In January of 2017 there were six single family homes that sold throughout Indian Peaks, and one of them closed for $1,495,000. The address is 2389 Indian Peaks Trail. This large home has been the most expensive home to sell throughout our neighborhood since 2007 when a house on Bitterroot closed for $1,532,000.

The home that sold this year, 2389 Indian Peaks trail, was 7,560 square feet in size with 6 bedrooms and 8 bathrooms. The price per square foot for this large, beautiful home was finalized at $194 per square foot. The last home of its size sold in 2015 at 1293 Lost Creek Lane for $183 per square foot. This marks a 6% increase in price per square foot for a home of its size over two years. Considering the closed price of Lost Creek at $1,423,333 vs the sold price of Indian Peaks Trail at $1,465,000 the price growth was about 3%.

For the more average size homes throughout Indian Peaks there were 5 homes that sold. This is an increase from November and December when we saw only 3 homes sell per month. Year over year this is about the same as January of 2016 when 4 homes sold. There are only 2 homes that were active on the market through the month of January. One of the homes has 67 days on the market and the other has 146 active days on the market, and it is priced about $800,000. Of the homes that have sold the average days on market is about 51 days from list to close. That would indicate that the two homes still active on the market need a price adjustment.

Townhouses throughout Indian Peaks continue to sell aggressively. There were three that were active in the marketplace throughout January of 2015 and two that sold. The price per square foot on average was $214, which is consistent with the month before. The 6 month average of price per square foot for a townhouse in Indian Peaks is about $219. The average price is $387,000 over 6 months. This month it took just 37 days to close a townhouse in our neighborhood. That means they generally go under contract within a day or the first weekend after going live on the market. The reason for this is because they are fantastic homes for first time home buyers to become established in our community. Investors also appreciate the price and rent-ability of these homes making demand for them very intense.

For more information about the potential value of your home in this market, please contact me directly, Leanne Goff.

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

January 2017 HOMES SOLD Single Family Homes
Type	Price	SqFt	Address	$ per SqFt	% SALES to LIST	Days On Market	Days Till Contract	Beds Bath	Community
RES	$398,500	1480	1997 S Fork Dr	$269	100%	48	11	2/3	Indian Peaks Waneka
RES	$499,000	2296	570 Hoyt Ln	$217	100%	71	5	3/3	Indian Peaks South
RES	$460,000	2350	638 Homestead St	$196	96%	56	10	3/3	Annas Farm
RES	$580,000	2833	409 Blue Lake Trl	$205	101%	69	10	4/4	Indian Peaks West
RES	$710,000	4047	328 Caribou Pass Cir	$175	95%	123	56	5/4	Indian Peaks West
RES	$634,000	4118	2425 Waneka Lake Trl	$154	95%	54	11	5/3	Indian Peaks Waneka
RES	$1,465,000	7560	2389 Indian Peaks Trail	$194	88%	323	12	6/5	Indian Peaks West Customs
AVERAGE	$656,643			$209	96%	67	16

Attached Home Sales (Townhomes)
Type	Price	SqFt	Address	$ per SqFt	% SALES to LIST	Days On Market	Days Till Contract	Beds Bath	Community
ATD	$379,900	1824	817 Beauprez Ave	$208	100%	38	7	3/3	Indian Peaks East Lexington
ATD	$400,000	1825	578 Beauprez Ave	$219	101%	35	3	3/4	Indian Peaks East
AVERAGE	$389,950			$214	101%	37	5

Now Under Contract
Type	Price	SqFt	Address	Beds/ Bath	Community
RES	625000	2949	2954 Shoshone Trl	4/4	Indian Peaks West
RES	998000	5707	2830 Shoshone Trl	6/5	Indian Peaks West Custom
RES	485000	1883	518 Hoyt Ln	4/4	Indian Peaks South
RES	515000	2170	573 Hoyt Ln	4/4	Indian Peaks South
RES	525000	2232	2544 Lexington St	4/4	Indian Peaks East Lexington
RES	600000	2872	610 Indian Peaks Trl W	4/3	Indian Peaks West
ATD	$390,000	1898	2600 Stonewall Ln	2/3	Indian Peaks Waneka Hedgerow

Now Active
Type	Price	SqFt	Address	Beds/ Bath	Community
RES	$479,000	1440	9062 Baseline Rd	4/2	Grace Mar
RES	$569,900	2512	170 High Country Dr	5/4	Indian Peaks Waneka
RES	$619,000	2700	842 Applewood Dr	3/3	Indian Peaks West
RES	$1,150,000	3892	900 Sunny Way	5/4	Indian Peaks West
RES	$875,000	4306	543 Sawtooth Pt	6/4	Indian Peaks
RES	$1,145,000	5564	1767 Casey Ct	5/5	Blue Heron Estates

Indian Peaks December 2016 Real Estate Update

by Leanne Goff | Jan 6, 2017 | Indian Peaks, Lafayette Stats, Leanne | 0 comments

Indian Peaks December 2016 Real Estate Update

December showed some promise in the price per square foot for the homes throughout Indian Peaks. Over the past 6 months we’ve seen a softening in the price per square foot. It has been hovering at an average of $184 with a drop in November to $154! This past month in December it did jump to $203 per square foot, which we would like to thank Leanne Goff for!

The past two homes that she has had listed in Indian Peaks are closing at $238 per square foot! The first one was on Shoshone, which closed in December. The second one is on Blue Lake Trail and closes this month.

Beyond the improved price per square foot, December also showed strength in the number of homes sold. It looks like the market is coming back strong; a great way to start the new year!

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.

December 2016 HOMES SOLD Single Family Homes
Type	Price	SqFt	Address	$ per SqFt	% SALES to LIST	Days On Market	Days Till Contract	Beds Bath	Community
RES	$585,000	2914	2826 Cascade Creek Dr	$201	98%	43	24	4/4	Indian Peaks South
RES	$460,000	2600	186 High Country Dr	$177	97%	56	56	2/2	Indian Peaks Waneka
RES	$478,500	2079	2930 Shoshone Trl	$230	100%	71	11	3/4	Indian Peaks West
AVERAGE	$507,833			$203	98%	57	30

Attached Home Sales (Townhomes)
Type	Price	SqFt	Address	$ per SqFt	% SALES to LIST	Days On Market	Days Till Contract	Beds Bath	Community
ATD	$438,000	2016	2438 Concord Cir	$217	107%	43	4	4/4	Indian Peaks East
AVERAGE	$438,000			$217	107%	43	4

Now Active
Type	Price	SqFt	Address	Beds/ Bath	Community
RES	$1,145,000	5564	1767 Casey Ct	5/5	Indian Peaks
RES	$875,000	4306	543 Sawtooth Pt	6/4	Indian Peaks East
RES	$1,199,000	5516	2431 Targhee Pt	5/6	Indian Peaks East
RES	$569,900	2512	170 High Country Dr	5/4	Indian Peaks Waneka
RES	$998,000	5707	2830 Shoshone Trl	6/5	Indian Peaks West Custom
ATD	$355,000	1568	823 Beauprez Ave	2/3	Indian Peaks East

Now Under Contract
Type	Price	SqFt	Address	Beds/ Bath	Community
RES	$1,649,500	7560	2389 Indian Peaks Trl	6/8	Indian Peaks East
RES	$397,500	1480	1997 S Fork Dr	2/3	Indian Peaks Waneka
RES	$538,900	2714	487 Blue Lake Trl	4/3	Indian Peaks West
RES	$749,700	4047	328 Caribou Pass Cir	5/4	Indian Peaks West
RES	$525,000	2358	330 Cliffrose Cir	3/3	Indian Peaks East
RES	$665,000	4118	2425 Waneka Lake Trl	5/3	Indian Peaks Waneka
RES	$478,000	2350	638 Homestead St	3/3	Anna’s Farm
ATD	$379,900	1824	817 Beauprez Ave	3/3	Indian Peaks East
ATD	$395,000	1825	578 Beauprez Ave	3/4	Indian Peaks East

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Indian Peaks Real Estate Stats May 2017

Contact Leanne Goff

May 2017 HOMES SOLD

Attached Home Sales (Townhomes)

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Indian Peaks Real Estate Stats April 2017

Contact Leanne Goff

Indian Peaks March 2017 Real Estate Update

March 2017 HOMES SOLD

Single Family Homes

Now Under Contract

Now Active

Contact Leanne Goff

Indian Peaks February 2017 Real Estate Update

Contact Leanne Goff

February 2017 HOMES SOLD

Single Family Homes

Attached Home Sales (Townhomes)

Now Under Contract

Now Active

Indian Peaks January 2017 Real Estate Update

Contact Leanne Goff

January 2017 HOMES SOLD

Single Family Homes

Attached Home Sales (Townhomes)

Now Under Contract

Now Active

Indian Peaks December 2016 Real Estate Update

December 2016 HOMES SOLD

Single Family Homes

Attached Home Sales (Townhomes)

Now Active

Now Under Contract