Indian Peaks Lafayette Real Estate Market Annual Review 2015

The year of 2015 is come to an end and the launch of 2016 is all around us! In the real estate market for the Indian Peaks Community and surrounding neighborhoods there were a total of 124 sales. Of those, 23 were townhouses and 101 were single family homes.

Single Family Homes in 2015

Single family homes on average sold for $613,536 throughout the community (nothing that this includes all sizes of single family homes including the largest homes). Therefor it is important to consider the median home value throughout Indian Peaks in 2015, which was $578,500. The range in single home values started as low as $330,750 with 5 properties selling under $400,000. The highest sold value for a single family home in Indian Peaks was $1,423,333 and the property was 7,794 total square feet. There were 3 homes that sold above $1million dollars this year.

Townhouses in 2015

For townhouses or attached homes throughout Indian Peaks and the surrounding communities there were a total of 22 sales in 2015. Currently there are no active listings and one townhouse is under contract. This is fairly consistent with what we have seen throughout the year with the greatest demand for homes in this category.

The average price for a townhouse in Indian Peaks was $366,350 with a median price of $359,000. Days on market hovered around just 39 days from listing to final sale. This means that showings occurred for only about a week before the property went under contract.

Market Conditions

Consistently throughout the year we saw about 9 homes going under contract per month. This changes a bit when considering a 3 month average with the highest quarter being in June, when 12 homes sold per month on average. This is to be expected in the summer months.

The average sales price increased as well when we started the year with an average of $551,500 for a home in Indian Peaks. The current 12 month average is greater than $600,000 – again this considers all size homes. When looking at the median home value for 2015 we can evaluate the middle value of the dataset to see that most homes trend around $580,000.