Lafayette

January 2019 Real Estate Market Report for Lafayette

mikejgold Real Estate Market Reports Leave a Comment

How is the real estate market in Lafayette?

In this post and video I will outline the fundamentals of the Lafayette Colorado real estate market by reviewing demand (sold and under contract listings) and supply levels (active and new listings) within the city of Lafayette for the month of January 2019 as well as review where the market has been via lagging indicators (sales price), and current market health with month’s supply of inventory, days on market and list to sales price ratio.

Oh, by the way, do not forget to check out how the overall metro Denver Real Estate market is doing by clicking here!

Lafayette Colorado Real Estate

Single Family Homes

This week the median list price for Lafayette, CO is $699,900 with the market action index hovering around 40. This is about the same as last month’s market action index of 40. Inventory has held steady at or around 49.

Market Action Index 40

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.  Slight Seller’s Advantage

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Attached Dwellings (Townhome and Condos)

This week the median list price for Lafayette, CO is $493,000 with the market action index hovering around 33. This is an increase over last month’s market action index of 31. Inventory has held steady at or around 27.

Market Action Index 33

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.  Slight Seller’s Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

For todays report on these metrics click here!

Year to Year

Jan-18 Jan-19 % change
Average Sold Price US$ 484,353 US$ 502,337 4%
New Listings 31 36 14%
Active Listings 21 36 42%
Under Contract 29 31 6%
Sold Listings 15 19 21%
Days on Market 26 38 32%
Months Supply of Inventory 0.70 1.10 36%
Average Percent of Original List Price 99.00% 98.70% -0%
Avg. Price Per Tot Sq Ft 237 232 -2%

Month to Month

Dec-18 Jan-19 % change
Average Sold Price US$ 624,366 US$ 502,337 -24%
New Listings 13 36 64%
Active Listings 34 36 6%
Under Contract 15 31 52%
Sold Listings 30 19 -58%
Days on Market 46 38 -21%
Months Supply of Inventory 1 1.10 9%
Average Percent of Original List Price 97.30% 98.70% 1%
Avg. Price Per Tot Sq Ft 225 232 3%








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For Lafayette home buyers you can view homes for sale on the MLS with our property search tool.

$270,000
Land For Sale
Active
0.16
ACRES
BOULDER
COUNTY
Cleveland Street
Lafayette, CO 80026
Lafayette Subdivision
$1,569,612
Land For Sale
Active
6.01
ACRES
BOULDER
COUNTY
200 Old Laramie Trl
Lafayette, CO 80026
Lafayette Tech Center Subdivision
$2,000,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,665
SQFT
9810 Isabelle Road
Lafayette, CO 80026
Bailey NuPud Subdivision Subdivision
$1,695,000
Single Family Home For Sale
Active
5
BED
8
TOTAL BATHS
7,423
SQFT
2436 Bitterroot Circle
Lafayette, CO 80026
Indian Peaks Subdivision
$1,790,000
Single Family Home For Sale
Active
6
BED
8
TOTAL BATHS
8,154
SQFT
2420 Bitterroot Circle
Lafayette, CO 80026
Lafayette Subdivision
$265,000
Land For Sale
Active
0.24
ACRES
BOULDER
COUNTY
1230 Elysian Field Drive
Lafayette, CO 80026
Lafayette Subdivision
$989,000
Land For Sale
Active
5.84
ACRES
BOULDER
COUNTY
412 Homestead Street
Lafayette, CO 80026
Lafayette Farms East Subdivision
Price Change - yesterday
$1,075,000
Single Family Home For Sale
Active
6
BED
5
TOTAL BATHS
5,657
SQFT
1255 Hawk Ridge Road
Lafayette, CO 80026
Hawk Ridge Estates Subdivision
About the Author

mikejgold