Louisville Colorado Real Estate Market Update July – Dec 2010

The Louisville Colorado real estate market has held on tightly to a strong and stable market. Most of Louisville is resale of pre-owned homes.There are still some vacant, build-able lots in Louisville, and many competent custom home builders such as  Boulder Custom Builder Bob Hughes, Boulder and Louisville Custom Home Builder Jeff Davis, and others who would do an excellent job for you if a new custom home is to your liking.

One exception is a condo project completed recently on the west side of McCaslin in the Centennial Valley, there’s Copper Ridge on the south east corner of McCaslin and South Boulder Road (almost sold out), and another new project, with several homes for sale, and selling steadily is the Markel Homes project in an area Near Hecla Lake called The North End. A client who relocated from Pennsylvania, and who is now a dear friend, purchased a home in the summer of 2010 in The North End, and he and his family love it there.

This particular community is often missed as being part of Louisville. Many people get it in their heads that the area by Hecla Lake and Waneka is all part of Lafayette, Colorado, but North End, adjacent to the Balfour retirement community is indeed in Louisville, Colorado, and in what I’d consider a bit of an insider ‘sweet spot’ in the community.

I hope your 2011 year is off to a great start!

Here’s the details on sold statistics for Louisville and the second half 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.

Boulder Sold Single Family Homes July – December 2010 :

Number Sold: 268

Average Sales Price: $ 640,561

Median Sales Price: $ 530,000

Average Days On Market: 110 (this goes up considerably when you get up into the higher price ranges)

Several homes I’ve shown to buyers in Boulder recently in the $1 million to about $1,800,000 price ranges have market times upwards of 200 to 300 days. Do you suppose they’re overpriced, or is there simply a smaller pool of buyers in this range?

Boulder Sold Condos July – December 2010 :

Number Sold: 221

Average Price: $ 312,727

Median Price: $ 239,000

Average Days On Market: 152

Thinking about buying a new home, getting ready to sell, or know someone who plans to move? I think we should talk.

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

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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