Indian Peaks October 2016 Real Estate Update

indian peaks real estate updateThroughout the Indian Peaks community real estate market in October 2016 we saw 22 houses move through the contract process. Five of these homes move through to final sale and 5 are under contract. This means that about 45% of the homes were unavailable for purchase and just over 54% were active on the market for sale. This is similar to what we saw in August as well showing a slight softening in the overall market.

Another indication of the softening in the market is that the absorption rate is hovering around 1 month of available inventory through August and September. That is a 47-60% increase since earlier part of this year. For example, the absorption rate in February was about ½ a month’s inventory. Note that the absorption rate says that if market conditions do not change and if no new listings come on the market, then in October it would take 1 months for the current inventory to sell at the current pace of the market. A balanced market’s absorption rate is typically between 5 – 7 months, so while the demand is softened a bit this is still strongly a Buyer’s Market.

If you have any question about this market analysis, or are looking at buying or selling in the neighborhood of Indian Peaks, contact Leanne Goff; she is an expert in this area!

Contact Leanne Goff

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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.  

We Love Indian Peaks

October 2016 HOMES SOLD

Single Family Homes

TypePriceSqFtAddress$ per SqFt% SALES to LISTDays On MarketDays Till ContractBeds BathCommunity
RES$417,50028682683 Indian Peaks Trl$14690%128574/2Indian Peaks East
RES$1,250,00079042412 Bitterroot Cir$158102%20204/4Indian Peaks East
RES$720,00038771356 Northpark Dr$18698%44445/4Indian Peaks East
RES$546,00027742946 Shoshone Trl$19798%1431084/4Indian Peaks West
RES$660,0003250352 Caribou Pass Cir$203102%16164/4Indian Peaks West
AVERAGE$718,700  $17898%7049

Attached Home Sales (Townhomes)

TypePriceSqFtAddress$ per SqFt% SALES to LISTDays On MarketDays Till ContractBeds BathCommunity
ATD$375,00016002057 N Fork Dr$234100%54112/6Indian Peaks Waneka
ATD$390,00018362713 Hedgerow Cir$212100%4152/3Indian Peaks Waneka Hedgerow
ATD$412,0001977163 Rendezvous Dr$208103%663/3Indian Peaks Waneka Hedgerow
ATD$370,0001747524 Homestead St$212100%4772/3Anna’s Farm
AVERAGE$386,750  $217101%377

Now Active

TypePriceSqFtAddressBeds/ BathCommunity
RES$599,00014409062 Baseline Rd4/2Grace Mar
RES$875,0004306543 Sawtooth Pt6/4Indian Peaks East
RES$1,649,50075602389 Indian Peaks Trl6/8Indian Peaks East
RES$1,199,00055162431 Targhee Pt5/6Indian Peaks East
RES$499,9002600186 High Country Dr2/2Indian Peaks Waneka
RES$538,9002714487 Blue Lake Trl4/3Indian Peaks West
RES$749,7004047328 Caribou Pass Cir5/4Indian Peaks West
RES$575,0002833409 Blue Lake Trl4/4Indian Peaks West
RES$998,00057072830 Shoshone Trl6/5Indian Peaks West Custom
RES$1,400,00053532854 Shoshone Trl5/5Indian Peaks West Custom
RES$487,5002350638 Homestead St3/3Anna’s Farm

Now Under Contract 

TypePriceSqFtAddressBeds/ BathCommunity
RES$1,500,00069802424 Bitterroot Cir6/6Indian Peaks East
RES$595,00029142826 Cascade Creek Dr4/4Indian Peaks South
RES$649,90040982319 High Lonesome Trl6/4Indian Peaks Waneka
RES$480,00020792930 Shoshone Trl3/4Indian Peaks West
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