Indian Peaks May 2016 Real Estate Update

indian peaks real estateNo surprise that the Indian Peaks townhouses are on fire, as usual. Four of them came to the market in May and they are all under contract. It will be interesting to see what they sell for. So far the jury is out on that data!

The average price per square foot for an Indian Peaks single family house climbed back up to $200 each on average. That is a 3.6% increase over the past two months. We last saw the price per square foot at $204 in January of this year. Glad to see that is back!

There are currently 8 active homes in Indian Peaks and 14 that are under contract, 5 of them were sold in May. That means that 42% of the market is available with 58% of the market under contract or sold. However, the absorption rate has increased from 0.69 last month (just over 1/2 a month for the current demand to absorb all homes in the market) to 0.81, which is still under one month but an increase in the time for homes to be sold. That would be a reflection of the increase in inventory over the past few months. That is a normal progression for this time of year.

The days on market has decreased a bit since last month with just 52 days on average from list to closing for a new home coming to the market. That is 17 days on average until going under contract, which is down from last month which was 41 days.

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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May 2016 Homes Sold 

Single Family Homes

TypePriceSqFtAddress$ per SqFt% SALES to LISTDays On MarketDays Till ContractBeds BathCommunity
RES$650,00053252698 Trailridge Dr W$12293%36365/5Forest Park 
RES$477,1202370538 Hoyt Ln$201105%5824/4Indian Peaks South 
RES$585,00027522829 Grand Lake Dr$21398%4985/3Indian Peaks South 
RES$1,075,00045592825 Shoshone Trl$23693%79395/6Indian Peaks West Custom
RES$503,00022021522 Haystack Way$228103%3824/4 Lafayette Farms East 
AVERAGE$658,024  $20098%5217  

Now Active

TypePriceSqFtAddressBeds/ BathCommunity
RES$380,0001544147 Salina St2/2Indian Peaks
RES$1,689,50075602389 Indian Peaks Trl6/8Indian Peaks East 
RES$625,00033322450 Lexington St3/3Indian Peaks East Lexington
RES$585,00029142814 Twin Lakes Cir3/3Indian Peaks South 
RES$690,00030062848 Shadow Lake Rd3/4Indian Peaks South 
RES$565,00027742946 Shoshone Trl4/4Indian Peaks West 

Now Under Contract 

TypePriceSqFtAddressBeds/ BathCommunity
RES$975,0005009790 Niwot Ridge Ln5/4Indian Peaks East
RES$885,00045542038 Buchanan Pt5/5 Indian Peaks East 
RES$885,00045542038 Buchanan Pt5/5Indian Peaks East 
RES$699,0004477756 Snowbird Ln5/3Indian Peaks East Eagles Nest
RES$699,9003204790 Snowbird Ln3/3Indian Peaks East Eagles Nest
RES$719,00035182824 Grand Lake Dr3/3 Indian Peaks South 
RES$472,5002374356 Rendezvous Dr3/3Indian Peaks Village Green 
RES$675,00043002441 Waneka Lake Trl4/5 Indian Peaks Waneka
RES$580,0002789369 Caribou Pass Cir5/4Indian Peaks West 
RES$1,399,90053342858 Shoshone Trl4/6Indian Peaks West 
RES$580,00029152934 Shoshone Trl3/5Indian PeaksWest 
ATD$349,90015682428 Concord Cir2/3Indian Peaks East Lexington
ATD$365,0001566696 Beauprez Ave3/3Indian Peaks East Lexington
ATD$374,9391568678 Beauprez Ave2/4Indian Peaks East Lexington
ATD$395,00026162404 Concord Cir4/4Indian Peaks East Lexington

Summary
Article Name
Indian Peaks May 2016 Real Estate Update
Author
Publisher Name
TrailRidge Realty
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