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

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

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we love indian peaks

January 2017 HOMES SOLD

Single Family Homes

TypePriceSqFtAddress$ per SqFt% SALES to LISTDays On MarketDays Till ContractBeds BathCommunity
RES$398,50014801997 S Fork Dr$269100%48112/3Indian Peaks Waneka
RES$499,0002296570 Hoyt Ln$217100%7153/3Indian Peaks South
RES$460,0002350638 Homestead St$19696%56103/3Annas Farm
RES$580,0002833409 Blue Lake Trl$205101%69104/4Indian Peaks West
RES$710,0004047328 Caribou Pass Cir$17595%123565/4Indian Peaks West
RES$634,00041182425 Waneka Lake Trl$15495%54115/3Indian Peaks Waneka
RES$1,465,00075602389 Indian Peaks Trail$19488%323126/5Indian Peaks West Customs
AVERAGE$656,643  $20996%6716

Attached Home Sales (Townhomes)

TypePriceSqFtAddress$ per SqFt% SALES to LISTDays On MarketDays Till ContractBeds BathCommunity
ATD$379,9001824817 Beauprez Ave$208100%3873/3Indian Peaks East Lexington
ATD$400,0001825578 Beauprez Ave$219101%3533/4Indian Peaks East
AVERAGE$389,950  $214101%375

Now Under Contract 

TypePriceSqFtAddressBeds/ BathCommunity
RES62500029492954 Shoshone Trl4/4Indian Peaks West
RES99800057072830 Shoshone Trl6/5Indian Peaks West Custom
RES4850001883518 Hoyt Ln4/4Indian Peaks South
RES5150002170573 Hoyt Ln4/4Indian Peaks South
RES52500022322544 Lexington St4/4Indian Peaks East Lexington
RES6000002872610 Indian Peaks Trl W4/3Indian Peaks West
ATD$390,00018982600 Stonewall Ln2/3Indian Peaks Waneka Hedgerow

Now Active

TypePriceSqFtAddressBeds/ BathCommunity
RES$479,00014409062 Baseline Rd4/2Grace Mar
RES$569,9002512170 High Country Dr5/4Indian Peaks Waneka
RES$619,0002700842 Applewood Dr3/3Indian Peaks West
RES$1,150,0003892900 Sunny Way5/4Indian Peaks West
RES$875,0004306543 Sawtooth Pt6/4Indian Peaks
RES$1,145,00055641767 Casey Ct5/5Blue Heron Estates
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