Louisville Colorado Market Update January 5, 2012

Posted by Greg Smith on Thursday, January 5th, 2012 at 2:13pm.

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:

price_per_sq_1512_400

 

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 common for the market as a whole since the majority of sales take place between May and November.

 inventory1512_400

One Paradigm that we are seeing in Louisville, Colorado and across much of the Front Range is the reduction in days on Market.  This is in direct correlation to the reduction we are seeing in inventory.  A well priced home in Louisville that is staged to sell currently has the possibility of receiving multiple offers.   We are not in a Seller’s market by any means, but if someone wishes to sell today in Louisville the chances are very good they will achieve their goal. 

As always we know the market so if you have questions about a specific area just ask we are here to help.

Greg Smith

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