Lafayette Real Estate Market Update October 2015

The Lafayette real estate market update October 2015 and the surrounding Indian Peaks community saw 25 homes come through the market. Of those homes 20 of them were single family, or stand alone properties. There were only 5 townhouses, or attached homes. That means that only about 25% of the homes were attached homes – and all of them are sold!

The townhomes in our community sold on average after 43 days on the market. That means that it took about a week or so to go under contract and then move through the process to closing. They also sold for about 101% of list price, which on average was just over $350,000. That is a remarkable standard for an attached home on our area.

Single family homes throughout Indian Peaks and the surrounding communities saw 7 single family homes sell for an average price of $632,000, a 9% increase month over month! That price is similar to what we saw values bump up to in July. The monthly surge is largely in part to the higher priced homes that closed in October. It will be interesting to see how this plays out through the end of the year and the effect that it has on the graphs over time.