Louisville Colorado Real Estate Market Update

Since we’re just about at the half way point in the calendar year, I thought it would be a good time to give an update on what’s selling in the Louisville, Colorado real estate market. With Louisville getting national recognition in various publications over the years and, due to rising prices of Boulder real estate, Louisville has been one of the cities outside of Boulder, Colorado that has thrived economically.

Along with Superior, Lafayette, Longmont, Broomfield and Erie, the outlying communities that surround Boulder have seen constant growth as all of Boulder county finds room for the continuing influx of new people moving to the area. Here are some stats on what’s happening in Real Estate in Louisville, Co.

In the first half of 2008, 98 single family homes sold to date. With a price spread of $225,000 on the low end and $865,000 on the high end, it seems Louisville has a price to suit most every buyer just as many of the other area communities have.

The average price of sold homes this year is right about $382,000 and the average time on the market to get homes sold in Louisville is 72 days. With statistics nationally reporting that homes are taking an average of six months to nine months, this is a pretty good number.

When researching data for a Trump University conference I attended recently on foreclosures, short sales and general real estate strategy, I did a little research of my own for the group. I found that while I can easily come up with bank owned (REO) property for sale in abundance in many parts of the Denver Metro area and Colorado Springs, I was only able to come up with a handful of REO property in the Boulder valley area. Most of the REO activity is happening in Longmont, Greeley and other areas east and northeast.

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