Louisville Colorado Real Estate Market Update

If our Louisville Colorado Expert, Sharon Monroe, is any indicator of the market in Louisville things are on fire.  Sharon has been  moving at a fast pace keeping up with the needs of her clients in Louisville, so I decided to take a look at the numbers and we have seen a surge of activity with the absorption numbers moving above 22%, which indicates we are at a pretty balanced market.

We have also see the Median price moving above $430,000, now this does not mean a rise in prices as many people mistakenly assume, the average price per a square foot has actually decreased to around $160 per a square foot.  What it does mean is that higher end homes are selling.

5761 W 50th Ave Denver, 80212

MLS #: 668979 Price: $369,800

4 Bed/3 Bath Total SqFt: 3976

 This subdivision was designed to capture Colorado's unique natural architecture, but right in the heart of the city! Custom home offers a large & very private lot, walkout bsmnt & deck that runs the entire length of the house. The open floor plan w/large kitch & walk in pantry are perfect for entertaining. Parks, rec center & bike path are steps away. Mins from Highlands, Tennyson St Shops, Berkeley Lake, downtown Arvada, Regis, downtown & easy access to highways, 1 mile from future light rail. 

Home for Sale Denver Colorado

The Old Louisville Inn is one of the oldest buildings still standing in historic Old Town Louisville.  This beautiful building has been the home of several different restaurant establishments over its 106 years life span. The building was originally built by E.J. Difrancia, who was the Louisville agent for Tivoli Beer in Denver.  The Old Louisville Inn has a picturesque antique back bar that dates back to the 1880s.  This bar is the second oldest in Colorado and features a copper spit trough and a 22 caliber bullet hole.

In the early days, the saloon was also known as the Colorado Cafe and the Primrose and was an operating ice house.  The original hand-crank elevator was and still is in use today. In its prime, this saloon was the heart of the

Here is the latest economic update from our good friend Dan Johnson with RE/MAX Alliance in Louisville, CO.  Dan gives some insight into last year and a glimmer of hope for the year ahead.

January/2012

That light at the end of the tunnel may not be another train coming this way. For the Boulder County real estate market that light may be the end to the darkness the area real estate market has experienced since the end of 2005.

For the past three years sales activity has been approximately the same. In 2009 there were 3,665 single family/attached unit sales across Boulder County. In 2010 that number was 3,660 and in 2011 the number was 3,539.

When comparing 2010 to 2011, here are some

Louisville, Colorado has been the darling of the media in the past year winning accolades for being the best town to live in the United States, when looking at Schools, Weather, Housing and access to activities.  Louisville certainly deserves much of the attention it has received.  In the last five years the quaint downtown has been revitalized with hip restaurants, ice cream shops and boutiques.

Here are the latest stats on the residential home side of things:

We can see that the average sales price per a square foot has increased over the past 9 months with most of the increase taking place in the second quarter and stabilizing for the remainder of the year and beginning to trend down slightly in the November.  This bell curve is fairly

 Richard Wobbekind, one of my favorite economists, who is with the Colorado Leeds School of business, is predicting that Colorado will have slow steady growth in 2012.  We are not going to see robust growth, but we are going to see growth.  The construction industry which has seen a decline in employment over the last four years is poised to add 2,900 jobs next year.

Wobbekind does caution in the article in the Daily Camera, that if something drastic happens in Europe that throws our stock market into a tail spin all bets are off and we could have rough roads ahead. 

The current numbers and job growth are running parallel to what occurred during the 2001 downturn according to Wobbekind.  If we continue to follow the same growth path we should see

Today we are we are taking a look at the different Boulder Valley Housing markets comparing year-over-year numbers through October 2011.

Boulder had 619 sales over the past year, compared to 642 for the same period a year ago.  Our total sales volume was down 3.6% when we look at year-over-year numbers.  The average sale price actually increased 1.5%.  Both of these numbers may be influenced by the Home Buyer Tax Credit.

Broomfield single family homes fared a bit better than Boulder with an increase of home sales from 345 to 354 for an increase of 2.6%.  Broomfield single family homes average sales price also increased by 1.8%.  Broomfield has done well over the last couple years.  Broomfield's city planners seem to have

 Okay, so you’ve purchased that new home in Louisville, CO and the new kid is on the way. How do you make sure you’re providing a safe environment? As the saying goes, “Proper preparation prevents poor performance,” and nowhere is this truer than setting up your home for kids.

#1: Start from the ground up. In this case we’re talking about their crib. Examine the screws, slats and other parts to ensure that the crib is sturdy. Crib slats must not be more than 2 ¾ inches apart. Keep the crib clutter free; remove the toys when the baby is occupying it. Make sure that electrical cords and the cords of the window blinds are beyond the baby’s reach. Any of these items can be dangerous to your child. Never place a crib by a window where the

884 W. Mulberry St, Lousiville

MLS# 665907 $453,000

3 Bed/3 Bath Total SqFt: 2953

Secret Garden Home with beautiful flagstone walks, outdoor living areas and beautiful in all season gardens. First floor study with built ins, open floorplan with loft area, family room with cozy hearth, gas fireplace, updated paint exterior trim and doors, designer colors interior, and restful, spacious outdoor living space right off the kitchen. Pride of ownership throughout with room to grow. Home is known by all in the neighborhood for it's lovely flowers and artistic arbors and landscaping.

Louisville Homes for sale

884 W Mulberry St, Louisville

 Virtual Tour

Secret Garden Home with beautiful flagstone walks, outdoor living areas and beautiful in all season gardens. First floor study with built ins, open floorplan with loft area, family room with cozy hearth, gas fireplace, updated paint exterior trim and doors, designer colors interior, and restful, spacious outdoor living space right off the kitchen. Pride of ownership throughout with room to grow. Home is known by all in the neighborhood for it's lovely flowers and artistic arbors and landscaping. $463,000

Added bonuses: new windows, newer 60 gal. water heater, backyard cement bird bath, 2 work benches, peg board, potting bench, sitting bench on South side, hardware and window treaments.

Elementary: