The Indian Peaks real estate market in Lafayette CO experienced a slowing in January while the value saw an increase. The total number of homes available hovered around the average of 22 since the slower winter season started in October. However, this month it was just 20 homes active in the market for January and there were absolutely no townhomes for sale.
Of the 20 homes available on the market 35% of them are actively for sale. This is an increase since October when only 25% of the market was available for purchase. On average for the season the available homes hovered around 29% so we can see a softening in the demand a bit. However, in my experience of watching the homes that are available it’s less likely that the market is actually softening and more likely that there are some overpriced homes on the market.
Sellers are the one who pick the price based on the advice of their real estate professional. Sometimes it hard to determine what the sweet spot in the market might be with the REALTOR® providing a ballpark estimate of where the value might fall. If you find that your home isn’t selling it is critical to make a significant price adjustment on the home so that your value falls to the next search parameter of Buyers so that a new wave of people see your home and put it under contract quickly. Brave price adjustments will ensure that your home sells for maximum dollar and not less than market value. We have a video about pricing your home for sale and meeting market value that goes into this more.
However, that being said, the homes that are selling are doing so at a value that is appreciating! The average price per square foot jumped to $204 this month. That and the average sales price also increased to $689,725 in January which was almost a 6% increase for the month. However, that is likely because of the larger home that sold on Shoshone. The median price was $564,450 for a home purchase in Indian Peaks. Median value is a better indicator this month as it takes into account the majority of the homes and not the outlier (which is the bigger home on Shoshone).
Contact Leanne Goff
Donation made to Douglass Elementary PTO
Donation made to Douglass Elementary PTO The sellers of 11715 Helena St in Commerce City, Colorado understand the importance of the help from parents in a child's education. Because of this they used their non-profit donation for the Douglass Elementary PTO. As...
JANUARY 2016 HOME SALES – Lafayette CO Home Values | |||||||||
For Indian Peaks, Anna’s Farm and the close in communities | |||||||||
Single Family Homes | |||||||||
Type | Price | SqFt | Address | $ per SqFt | % SALES to LIST | Days On Market | Days Till Contract | Beds Bath | Community |
| RES | $480,000 | 1796 | 2522 RAVENWOOD Ln | $267 | 100% | 65 | 4 | 3/3 | Indian Peaks East Village Green |
| RES | $529,900 | 3002 | 2533 Concord Cir | $177 | 100% | 42 | 10 | 3/3 | Indian Peaks East Lexington |
| RES | $595,000 | 3964 | 2445 Windrow Ln | $150 | 99% | 70 | 13 | 5/4 | Indian Peaks Waneka Hedgerow |
| RES | $1,100,000 | 4814 | 2834 Shoshone Trl | $229 | 96% | 22 | 1 | 5/4 | Indian Peaks West Custom |
AVERAGES | $676,225 | $206 | $1 | $50 | $7 | ||||
Now Under Contract Indian Peaks and surrounding communities of Lafayette CO | |||||
Type | Price | SqFt | Address | Beds/ Bath | Community |
| RES | $447,700 | 2350 | 1509 Harvest Dr | 3/3 | Anna’s Farm |
| RES | $459,900 | 1999 | 441 King St | 4/2 | Grace Mar |
| RES | $465,000 | 2912 | 765 Furrow Way | 3/3 | Anna’s Farm |
| RES | $509,000 | 3179 | 1519 Greenlee Way | 5/5 | Anna’s Farm |
| RES | $539,900 | 2768 | 301 Caribou Pass Cir | 3/3 | Indian Peaks West |
| RES | $544,900 | 2755 | 2552 Lexington St | 4/4 | Indian Peaks East Lexington |
| RES | $774,500 | 4438 | 2849 Crater Lake Ln | 4/4 | Indian Peaks South |
| RES | $799,900 | 3846 | 1186 Blue Stem Trl | 4/4 | Indian Peaks East |
| RES | $760,000 | 4566 | 408 Lone Eagle Pt | 4/4 | Indian Peaks East |
Now ACTIVE Indian Peaks and surrounding communities of Lafayette CO | |||||
Type | Price | SqFt | Address | Beds/ Bath | Community |
| RES | $429,000 | 2070 | 1508 Harvest Dr | 3/3 | Anna’s Farm |
| RES | $545,000 | 2915 | 3005 Shoshone Trl | 5/5 | Indian Peaks West |
| RES | $615,000 | 2500 | 2942 Shoshone Trl | 4/5 | Indian Peaks West |
| RES | $629,900 | 3332 | 2509 Lexington St | 4/4 | Indian Peaks East Lexington |
| RES | $769,000 | 4116 | 331 Indian Peaks Trl W | 5/5 | Indian Peaks West |
| RES | $799,000 | 3650 | 2848 Clear Creek Ln | 4/4 | Indian Peaks South |
| RES | $825,000 | 3854 | 510 King St | 5/3 | Grace Mar |
