Superior Real Estate Market Report January 2019

mikejgold Real Estate Market Reports Leave a Comment

How is the real estate market in Superior?

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

Superior Colorado Real Estate

Single Family Homes

This week the median list price for a home Superior, CO is $709,750 with the market action index hovering around 51. This is less than last month’s market action index of 53. Inventory has held steady at or around 16.

Market Action Index 51

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.  Strong Seller’s Market

The market has started cooling and prices have been flat for several weeks. Since 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.

Attached Dwellings (Townhome and Condos)

This week the median list price for Louisville, CO is $439,900 with the market action index hovering around 28. This is an increase over last month’s market action index of 27. Inventory has held steady at or around 23.

Market Action Index 28

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 Buyer’s Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Year to Year
Jan-18 Jan-19 % change
New Listings 16 16 0%
Homes for Sale 9 13 31%
Under Contract 14 10 -40%
Closed Sales 11 8 -38%
Average Days on Market 117 40 -193%
Months Supply of Inventory 0.6 1.3 54%
Average Sale Price  $  453,836  $  560,764 19%
Average Percent of Original List Price 99.80% 98.20% -2%
Avg. Price Per Tot Sq Ft 251 272 8%
Month to Month
Dec-18 Jan-19 % change
New Listings 7 16 56%
Homes for Sale 12 13 8%
Under Contract 7 10 30%
Closed Sales 10 8 -25%
Average Days on Market 40 40 0%
Months Supply of Inventory 1.7 1.3 -31%
Average Sale Price  $  659,531 560764 -18%
Average Percent of Original List Price 99.60% 0.982 -1%
Avg. Price Per Tot Sq Ft 235 272 14%

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!
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New Listing - 15 hours online
$610,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,964
SQFT
1354 E Weldona Way
Superior, CO 80027
Ranch Creek Ranch Subdivision
New Listing - 4 days online
$825,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,985
SQFT
880 South Pitkin Avenue
Superior, CO 80027
Superior Subdivision
Open House 04/20 at 12PM
$600,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
2,363
SQFT
2916 Coneflower Court
Superior, CO 80027
Rock Creek Ranch Subdivision
New Listing - a week online
$547,900
Townhouse For Sale
Active
3
BED
5
TOTAL BATHS
2,014
SQFT
574 Discovery Parkway
Superior, CO 80027
Downtown Superior Subdivision
New Listing - 2 weeks online
$585,000
Townhouse For Sale
Active
3
BED
4
TOTAL BATHS
1,650
SQFT
2371 Stonecrop Way
Superior, CO 80027
Downtown Superior Subdivision
New Listing - 2 weeks online
$990,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
4,408
SQFT
209 8th Avenue
Superior, CO 80027
Coal Creek Crossing Subdivision
New Listing - 2 weeks online
$520,900
Townhouse For Sale
Active
3
BED
4
TOTAL BATHS
1,980
SQFT
580 Discovery Parkway
Superior, CO 80027
Downtown Superior Subdivision
New Listing - 2 weeks online
$699,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,366
SQFT
3609 Gypsum Court
Superior, CO 80027
Superior Subdivision
About the Author

mikejgold