Indian Peaks April 2016 Real Estate Update

indian peaks

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

TypePriceSqFtAddress$ per SqFt% SALES to LISTDays On MarketDays Till ContractBeds BathCommunity
RES$688,00049192685 Trailridge Dr W$140100%334/5Forest Park
RES$787,9003854510 King St$20498%74385/3Grace Mar
RES$767,50036502848 Clear Creek Ln$21098%90604/4Indian Peaks
RES$770,0003544321 Sleeping Owl Pt$217101%444/4Indian Peaks East
RES$563,5002614668 Princeton Pl$21699%50404/3Indian Peaks East Lexington
RES$597,50033322509 Lexington St$17995%90304/4Indian Peaks East Lexington
RES$535,00029153005 Shoshone Trl$18497%1461125/5Indian Peaks West
AVERAGE$672,771  $19398%6541

Now Under Contract 

TypePriceSqFtAddressBeds/ BathCommunity
RES$885,00045542038 Buchanan Pt5/5Indian Peaks East
RES$455,0002370538 Hoyt Ln4/4Indian Peaks South
RES$719,00035182824 Grand Lake Dr3/3Indian Peaks South
RES$472,5002374356 Rendezvous Dr3/3Indian Peaks Village Green
RES$675,00043002441 Waneka Lake Trl4/5Indian Peaks Waneka
RES$580,0002789369 Caribou Pass Cir5/4Indian Peaks West
RES$1,150,00045592825 Shoshone Trl5/6Indian Peaks West Custom
RES$975,0005009790 Niwot Ridge Ln5/4Indian Peaks East
ATD$365,0001566696 Beauprez Ave3/3Indian Peaks East Lexington
ATD$395,00026162404 Concord Cir4/4Indian Peaks East Lexington


Now Active

TypePriceSqFtAddressBeds/ BathCommunity
RES$699,0004477756 Snowbird Ln5/3Indian Peaks
RES$1,689,50075602389 Indian Peaks Trl6/8Indian Peaks East
RES$625,00033322450 Lexington St3/3Indian Peaks East Lexington
RES$565,00027742946 Shoshone Trl4/4Indian Peaks West
RES$580,00029152934 Shoshone Trl3/5Indian Peaks West
RES$1,399,90053342858 Shoshone Trl4/6Indian Peaks West
ATD$349,90015682428 Concord Cir2/3Indian Peaks East Lexington

Indian Peaks April 2016 Real Estate Update
Article Name
Indian Peaks April 2016 Real Estate Update
Indian Peaks April 2016 Real Estate Update is here and the average days until contract is up 57%. Click to read more stats about the market.
Publisher Name
TrailRidge Realty
Publisher Logo
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