Lafayette Colorado Real Estate Market Update

changes signThe real estate market in Lafayette Colorado is still hanging in there. Social media still refers to Lafayette as ‘on the verge’ and the data seems to indicate this is pretty accurate.

As people have gravitated to areas like nearby Louisville Colorado in the last decade or two in response to the rising costs of homes in Boulder, among other things, a similar trend is driving the Lafayette real estate market. To see a useful chart, read the rest of this post and click to enlarge the image if you’d like to review the data better.

lafayette RE market graphIf you’re not ready for the higher prices and the hustle and bustle of Boulder, and you find yourself up against the still high prices of Louisville, you may want to consider exploring Lafayette.

Besides the historic position Lafayette has of being a better value than either of the aformentioned Boulder and Louisville, Lafayette’s median home prices are down almost six per cent over the last six months and keeping right in step with this are sellers.

The median price of homes for sale is also lower by 5.2% over the last six months. So, it seems sellers are paying close attention in most cases to what’s really working in their town. Homes can be found for sale in the upper 300’s to the 400’s here.

Given that is’ right next door to Louisville, and Lafayette has many similar cool things going on like the peach festival, street fairs, and great restaurants and brew pubs it’s a viable alternative in today’s market.

Zachary Epps, GRI®, ABR®, MCNE®, CLHMS®, REALTOR®,

RE/MAX Hall of Fame, RE/MAX Platinum Club…and author of

The Boulder Real Estate and Neighborhood Guide 

The Boulder Condo Guide 

The Home Buyer’s Handbook

The Seller’s Guide: Marketing and Tactics

Call, text, or email me today!… I’d seriously enjoy having the opportunity to talk to you about your plans if you’re moving, or if you know someone who is considering a move, and needs some straight answers.

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