Indian Peaks April 2016 Real Estate Update
The Indian Peaks community is such a lovely and highly desirable area. Homes in this area set the gold standard of values for the City of Lafayette CO. However, the days on market went up 57% this month! That means that last month it was taking about 26 days for a home to go under contract and in April took 41 days. This statistics has been on a steady climb since January, when it took just 7 days for a home to go under contract in Indian Peaks.
So why could that be?! Its all coming back to the price per square foot. That also has to be weighed in with the condition of the home. There have been some homes on the market that have been aggressively pushing the $200 price per square foot starting off much higher and without much draw inside. If a home is going to charge a premium price per square foot it had better be able to represent with a fantastic layout and gorgeous finishes. The market isn’t going to respond to an extremely high price when the home itself needs a complete overhaul! However, there have been some Sellers who are banking purely on location feeling that their home will sell no matter what, and its not happening. Therefore the days on market and days until contract are increasing in Indian Peaks. However, we are seeing there there are plenty of homes that are selling rather quickly. These are going when the price per square foot is at or below $200, depending on the condition.
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April 2016 Homes Sold
Single Family Homes
|Type||Price||SqFt||Address||$ per SqFt||% SALES to LIST||Days On Market||Days Till Contract||Beds Bath||Community|
|RES||$688,000||4919||2685 Trailridge Dr W||$140||100%||3||3||4/5||Forest Park|
|RES||$787,900||3854||510 King St||$204||98%||74||38||5/3||Grace Mar|
|RES||$767,500||3650||2848 Clear Creek Ln||$210||98%||90||60||4/4||Indian Peaks|
|RES||$770,000||3544||321 Sleeping Owl Pt||$217||101%||4||4||4/4||Indian Peaks East|
|RES||$563,500||2614||668 Princeton Pl||$216||99%||50||40||4/3||Indian Peaks East Lexington|
|RES||$597,500||3332||2509 Lexington St||$179||95%||90||30||4/4||Indian Peaks East Lexington|
|RES||$535,000||2915||3005 Shoshone Trl||$184||97%||146||112||5/5||Indian Peaks West|
Now Under Contract
|RES||$885,000||4554||2038 Buchanan Pt||5/5||Indian Peaks East|
|RES||$455,000||2370||538 Hoyt Ln||4/4||Indian Peaks South|
|RES||$719,000||3518||2824 Grand Lake Dr||3/3||Indian Peaks South|
|RES||$472,500||2374||356 Rendezvous Dr||3/3||Indian Peaks Village Green|
|RES||$675,000||4300||2441 Waneka Lake Trl||4/5||Indian Peaks Waneka|
|RES||$580,000||2789||369 Caribou Pass Cir||5/4||Indian Peaks West|
|RES||$1,150,000||4559||2825 Shoshone Trl||5/6||Indian Peaks West Custom|
|RES||$975,000||5009||790 Niwot Ridge Ln||5/4||Indian Peaks East|
|ATD||$365,000||1566||696 Beauprez Ave||3/3||Indian Peaks East Lexington|
|ATD||$395,000||2616||2404 Concord Cir||4/4||Indian Peaks East Lexington|
|RES||$699,000||4477||756 Snowbird Ln||5/3||Indian Peaks|
|RES||$1,689,500||7560||2389 Indian Peaks Trl||6/8||Indian Peaks East|
|RES||$625,000||3332||2450 Lexington St||3/3||Indian Peaks East Lexington|
|RES||$565,000||2774||2946 Shoshone Trl||4/4||Indian Peaks West|
|RES||$580,000||2915||2934 Shoshone Trl||3/5||Indian Peaks West|
|RES||$1,399,900||5334||2858 Shoshone Trl||4/6||Indian Peaks West|
|ATD||$349,900||1568||2428 Concord Cir||2/3||Indian Peaks East Lexington|