indian peaks real estate

As to be expected, since Indian Peaks is the largest community in the surrounding area it has had the largest amount of activity. There have been 4 single family home sales this month and one townhouse for a total of 5 homes sold in the market. This is more than any of the surrounding communities combined. However for Indian Peaks itself this represents an increase of one home sale over last month when there were only 4 homes sold.

The market is fairly ballanced this month with 14 homes moving through the sales process; 5 of them are sold, 5 of them are active and 4 of them are under contract. This shows that the market is moving along steadily with 1/3 of the homes active, 1/3 of the homes under contract and then the final 1/3 sold.

The absorption rate took another dip this month down to just one half month of inventory. That means that if nothing new came to the market and the demand stayed the same it would take one half a month to absorb all of the current inventory. Last month and also in December the absorption rate held with about three quarters of a month of inventory. That shows that some of the available homes have gone under contract causing the absorption rate to decline this month as demand has increased.

The average price per square foot for a single family home has declined this month to just $187 per square foot. Last month it was over $200 per square foot. Previous blog posts might allude to why we are seeing this dip in value this month. However, for townhouses the opposite is true. The price per square foot on average for the past 6 months has been steadily around $200. This month the single Indian Peaks Townhouse on Concord that sold was priced at market value sold for well above list price. It came to the market at $360,000 and sold for $375,000, which was a price per square foot of $239! A record for the Indian Peaks real estate market.

Contact Leanne Goff

12 + 1 =

Blue Heron Home for Sale

Blue Heron Home for Sale

2540 Blue Heron Circle W, Lafayette Colorado   Offered at $1,000,000   Contact Libby Boyd directly for more information, or to setup a showing. Welcome to 2540 Blue Heron Circle in gated Blue Heron Estates. This home is over 6000 square feet...

FEBRUARY 2016 HOME SALES – Indian Peaks Home Values

Single Family Homes

Type
Price
SqFt
Address
$ per SqFt
% SALES to LIST
Days On Market
Days Till Contract
Beds Bath
Community
RES$819,0004576770 Niwot Ridge Ln$179100%6445/5Indian Peaks East
RES$790,95038461186 Blue Stem Trl$20699%3774/4Indian Peaks East
RES$774,50044382849 Crater Lake Ln$175100%4454/4Indian Peaks South
AVERAGES
$794,817
 
 
$186
100%
48
5
 

Attached Home Sales (Townhomes)

Type
Price
SqFt
Address
$ per SqFt
% SALES to LIST
Days On Market
Days Till Contract
Beds Bath
Community
ATD$375,00015682472 Concord Cir$239104%5733/4Indian Peaks East Lexington
AVERAGES
$375,000
 
 
$239
104%
57
3

Now Under Contract Indian Peaks and surrounding communities of Lafayette CO
TypePriceSqFtAddressBeds/ BathCommunity
RES$480,00017962522 RAVENWOOD Ln3/3Indian Peaks East Village Green
RES$564,90028122533 Lexington St3/3Indian Peaks East Lexington
RES$575,0003004127 High Country Ct5/4Indian Peaks Waneka Hilltop
RES$599,90039642445 Windrow Ln5/4Indian Peaks Waneka Hedgerow
RES$665,0003250458 Blue Lake Trl4/4Indian Peaks West
RES$675,00041642745 Meadow Mountain Trl3/3Indian Peaks West
RES$710,00030283100 Red Deer Trl4/4Indian Peaks West
RES$819,0004576770 Niwot Ridge Ln5/5Indian Peaks East
RES$610,00039402414 Waneka Lake Trl5/4Indian Peaks Waneks Startlight Ridge
RES$799,90053342224 Tamarron Ln3/3Indian Peaks East
ATD$359,0001998345 Jasper Peak Ct3/3Indian Peaks West
Now ACTIVE & For Sale in Indian Peaks and surrounding communities of Lafayette CO
TypePriceSqFtAddressBeds/ BathCommunity
RES$447,70023501509 Harvest Dr3/3Anna’s Farm
RES$459,9001999441 King St4/2Grace Mar
RES$524,90031791519 Greenlee Way5/5Anna’s Farm
RES$575,00029153005 Shoshone Trl5/5Indian Peaks West
RES$799,9904116331 Indian Peaks Trl W5/5Indian Peaks West

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