Indian Peaks January 2017 Real Estate Update
Monthly statistics for the Indian Peaks neighborhood in Lafayette Colorado.
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 SOLDSingle 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 |