Louisville Colorado Market Update March 2010

Louisville real estate is doing really well.

The latest data shows prices trending upwards, don’t keep waiting for the ‘bottom’ of the market. If you do, you’ll probably been one of those that misses the upswing and pays too much. While it may take a while, as I think we’re on a steady trend upwards, this market isn’t going to tank any time soon. Look at the chart I’ve provided a link to at the end of this post. It shows that the median price of sold homes in Louisville has increased 30% over the last two years.

Also remember that the home buyer tax credit is not just for new home buyers.

If you’re moving, and have lived in your current home at least five of the last eight years, you may also qualify for a tax credit up to $6,500. The deadline to be under contract to purchase is April 30th 2010, and you have to close the sale by June 30th 2010.

Call, text, or email me if you want to talk more about it.

Here are your statistics for sold Louisville, Colorado real estate in March  of  2010:

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.

Louisville Sold Single Family Homes March 2010 :

Number Sold: 16

Average Sales Price: $443,999

Median Sales Price: $400,000

Average Days On Market: 101

Louisville Sold Condos March 2010 :

Number Sold: 5

Average Price: $192,375

Median Price: $186,000

Average Days On Market: 152

Looks like the ADOM jumped way up for March as compared to February. Likely this is because a couple of these properties finally came down to market price. One of these was listed for sale by a Realtor using the Denver-based MLS system, which means that it’s a good bet that a lot of people didn’t even see it was for sale. (The data comes to the local Boulder-area MLS system from the Denver-based system easily, but from what I’ve learned, it doesn’t work so well the other way around.) Also, this one looks like it was a bit overpriced in the early stages, and this could have certainly been the reason it took 375 days to sell when most condos are selling in Louisville in about two to three months or less. (last month the average days on market for Louisville condos was just a bit over a month).

You may also find this chart interesting. Here’s data on the median price of sold homes in Louisville over the last two years.

louisville sold chart

Thinking about buying a new home, or getting ready to sell?

Call, Text, or Email me. I will listen to you.

Also, I’m never too busy for your referrals.  As a real estate professional intent on giving back to the community, my relationship-based approach is exactly what you’ve been looking for in a helpful RE/MAX Professional.

Check out this Euro-styled, completely-remodeled/updated Boulder home for sale in the Country Club Park subdivision, or this amazing and beautiful home in Lake Valley Estates with new kitchen and master bath and a huge yard 5 minutes from Dakota Ridge?

You may also find  my neighborhood profiles, and  Boulder business profiles informative and useful. They’re both great ways to learn more about what’s going on in Boulder. Call, Text, or Email me today!

Zachary Epps, GRI, ABR, REALTOR®, full-time RE/MAX professional,  and author of the Boulder Real Estate and Neighborhood Guide.

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