Louisville Colorado Market UpdatePosted by Doug Smith on Tuesday, February 7th, 2012 at 8:16am.
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.
The average days on Market has been oscillating around 110 days for Louisville, co Real Estate and it appears this will continue to be the case for this year.
So Louisville is going strong, not quite as strong as Sharon’s sales number indicate, but I expected that to be the case, she tends to excel at every thing she does and selling Louisville and Superior homes is no exception. If you are looking to buy or sell a home in Louisville give us a call we know the market.
Be the first to comment on this blog entry!