Louisville and Superior

Louisville Real Estate Market Report January 2019

mikejgold Real Estate Market Reports Leave a Comment

How is the real estate market in Louisville?

In this post and video I will outline the fundamentals of the Louisville Colorado real estate market by reviewing demand (sold and under contract listings) and supply levels (active and new listings) within the city of Louisville 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!

Louisville Colorado Real Estate

This week the median list price for Louisville, CO is $750,000 with the market action index hovering around 43. This is an increase over last month’s market action index of 41. Inventory has held steady at or around 29.

Market Action Index 43

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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Year to Year Month to Month
Jan-18 Jan-19 % change Dec-18 Jan-19 % change
New Listings 21 34 38% New Listings 6 34 82%
Homes for Sale 22 40 45% Homes for Sale 32 40 20%
Under Contract 13 24 46% Under Contract 10 24 58%
Closed Sales 9 17 47% Closed Sales 17 17 0%
Average Days on Market 94 38 -147% Average Days on Market 96 38 -153%
Months Supply of Inventory 1.7 1.7 0% Months Supply of Inventory 3.2 1.7 -88%
Average Sale Price  $ 657,083  $ 519,151 -27% Average Sale Price  $ 590,557 $519,151 -14%
Average Percent of Original List Price 98.40% 99.50% 1% Average Percent of Original List Price 94.50% 99.50% 5%
Avg. Price Per Tot Sq Ft 276 362 24% Avg. Price Per Tot Sq Ft 269 362 26%

 

If you have read all the way to the end of this post then certainly you want to know more about Louisville Colorado.  Which we have you covered, as area highlights about Louisville can be found here on our site.

As a Louisville Real Estate Agent let me know if you’d like to know more about the value of your home by filling out the form below.

Free Home Evaluation

The value of your home has most certainly changed since you bought it! Take a few seconds to fill out the form below and we'll prepare an expert market analysis of your home at no cost!
  • Tell us a little bit about your situation
  • Where is the property located?
  • Who can we contact with your completed market analysis?

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

New Listing - 3 days online
$599,900
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,123
SQFT
165 Cherrywood
Louisville, CO 80027
CHERRYWOOD Subdivision
New Listing - 4 days online
$244,700
Townhouse For Sale
Active
2
BED
1
TOTAL BATHS
704
SQFT
1615 Cottonwood Drive #9
Louisville, CO 80027
Louisville Subdivision
New Listing - 5 days online
$559,999
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,668
SQFT
347 South Jefferson Avenue
Louisville, CO 80027
Dutch Creek Subdivision
New Listing - 5 days online
$1,495,000
Single Family Home For Sale
Active
6
BED
5
TOTAL BATHS
4,336
SQFT
740 Hutchinson Street
Louisville, CO 80027
Louisville Subdivision
New Listing - 6 days online
$349,900
Condo For Sale
Active
2
BED
1
TOTAL BATHS
884
SQFT
333 South Taft Court
Louisville, CO 80027
Centennial Valley Subdivision
New Listing - a week online
$750,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,372
SQFT
781 Bluestem Lane
Louisville, CO 80027
Steel Ranch Subdivision
New Listing - 2 weeks online
$1,195,000
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
2,898
SQFT
10050 Empire Road
Louisville, CO 80027
south central Subdivision
New Listing - 2 weeks online
$638,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,721
SQFT
333 West Harper Street
Louisville, CO 80027
Parkwood Subdivision
About the Author

mikejgold