The market is still hot in Louisville Colorado and all through the first three quarters of 2012 residential real estate has sold well, if you could find something to buy.
That’s been the big issue locally is that there’s what we call ‘low inventory’. With very few homes for sale, relative to the demand, you’d think more sellers would get on the band wagon and see that it’s a great time to sell.
Perhaps it’s because while homes are selling quickly if they’re priced right and prepared and marketed properly, values / prices haven’t risen yet.
There’s usually a lag of at least a couple of years, and that’s just about what it’s been… two years since we’ve seen a sharp uptick in the number of homes sold in the local area.
Some of what continues to drive people to this locale continue to be proximity to amenities, and jobs throughout Louisville and the surrounding area including Interlocken, the highway 36 corridor, Denver, Boulder and Broomfield.
Also, high opinions and high ratings on the local schools seems to be a driving factor for many people.
The booming activity with lots of great restaurants and shops on Main Street in downtown Louisville doesn’t seem to hurt either.
Let’s take a look at the third quarter statistics for Louisville, Colorado.
The Louisville Farmer’s Market has been happening since 2008.
You can find goods from Colorado farms such as Boyles Family Farms, Enchanted Hills Farms, Kiowa Valley Organics and Miller Farms from Platteville, as well as the Waterhouse Gardens in Erie.
There’s also often produce from Palisade Orchards: C&R Farms, Red Fox Run, and Saims Fruit.
While there’s very little inventory in the Boulder County real estate market (very few homes for sale), and it’s even rarer in places like Louisville, Boulder Creek Builders is still selling patio homes just about as fast as they can build them.
This area continues to be a very hot market, and it’s one of only a couple of Louisville, Colorado neighborhoods with new home construction.
Boulder Creek Builders has quickly made a name for itself in our area.
The Steel Ranch development was part of the 2012 Flatirons Tour of Homes, and it was a winner in several categories.
Louisville, Colorado has made national headlines in Money Magazine, Forbes Magazine and many others.
Louisville has become a hot bed of activity and family oriented nightlife and has even been compared to a modern day “Mayberry” (from the Andy Griffith Show, and Mayberry RFD for those of you old enough to remember those TV shows).
Now you have a chance to get in while costs are reasonable, and this rare opportunity exists.
Many homes in the downtown Louisville, CO area get sold “underground” as one of my favorite local interior design and staging consultants put it to me (yep that was her word). She lives on the same street, and said recently that it’s rare for a home in the area to make it to the open market for sale.
How about some more data? Here’s a quick run-down on this home:…
In fact, the Daily Camera covered the new patio homes being built by Boulder Creek Builders received some recent press in their “At Home” section, and an article by John Aguilar from the Daily Camera covered the patio home development. The only miss was that the article early August provided a bit of misdirection when giving the impression that this is the last new development in Louisville.
Let’s not forget Markel Homes’ North End development. If you’re looking for new homes in Louisville, you can look at both sides of the road.
Speaking of Steel Ranch, if patio homes aren’t your bag, go in and talk to the folks at Ryland Homes. Ryland has an office, and a couple of models to give you an idea of what their product looks like.
I was really impressed with the quality, fit and finish… and so is one of my buyers. He’s swapping central Boulder for Steel Ranch. Don’t wait too long though, there’s a bit of a waiting list, and while there’s a strong demand for the Ryland homes, the builder is keeping up nicely.