February 2016 Market Update for Mead and Meadowvale

The roller coaster we have been on with a shortage of properties on the market was so extreme during the Holidays and in the beginning of the year, we even started talking about “weeks”  of inventory on the market.   To have a balanced market we should have about 6-9 MONTHS of inventory, and now we are talking about a few weeks!  Demand through the Holidays was strong as listings slowed even more than the fall, creating an even more constrained market.

This is the new normal for our area, at least for the foreseeable future.   During 2015, 46,000 new jobs were created, along with builders that can’t keep up with demand, the shortage doesn’t appear to have an end , at least for now!

January numbers for all of our neighborhoods!

Spotlight on Mead

Here are the sold properties in the town of Mead for January

Sold Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
IRES 780628 S 434 7th St $255,000 RES 10/30 3 2 1837 RE/MAX Traditions, Inc 51/51
METRO 7905168 S 16305 9th St $288,000 RES 10/30 3 3 2576 COMPLETE REAL ESTATE INC 75/75
IRES 778728 S 2680 Bridle Dr $297,000 RES 10/31 3 3 2543 Group Mulberry 87/87
IRES 777645 S 16078 Cinnamon Cir $317,900 RES 10/30 3 3 2488 RE/MAX Alliance-Longmont 92/92
IRES 780531 S 16151 Ginger Ave $320,000 RES 10/30 3 3 2682 Foothills Premier Properties 11/11
IRES 779598 S 121 Falcon Cir $350,000 RES 10/30 5 3 3380 Redefy 26/26
IRES 775288 S 210 Grand View Cir $510,000 RES 10/30 4 3 4472 The Colorado RE Group 125/125
IRES 779908 S 16585 Sanford St $530,000 RES 10/30 5 5 5038 RE/MAX Masters Millennium 6/6
METRO 5371274 S 18157 Wagon Trl $549,900 RES 10/30 5 3 5232 Brix Real Estate LLC 94/51
IRES 766987 S 3938 Vale View Ln $625,000 RES 10/30 4 4 5535 Home Savings Realty 223/223

Sold Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
10 $4,042,800 $625,000 $255,000 $404,280 $335,000 79/74

 

And now let’s take a look at properties under contract and active in the area at the moment:

Active Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
IRES 777830 A 322 Main St $177,700 COM 10/30 Resident Realty 120/120
IRES 777250 A 323 Main St $280,000 RES 10/30 4 3 2699 Resident Realty 131/131
IRES 780838 A 3713 Homestead Dr $315,000 RES 10/30 3 2 2994 Coldwell Banker Res-Longmont 59/59
IRES 746931 A 126 3rd St $450,000 RES 10/30 3 1 1024 ERA Tradewind Real Estate, LLC 524/524
IRES 773251 A 3221 Snowberry Ct $799,999 RES 10/30 5 4 6200 Keller Williams 1st Realty 178/178
IRES 783533 A 3948 Vale View Ln $900,000 RES 10/30 4 6 6490 Coldwell Banker Res-CanyonBlvd 5/5
IRES 764718 A 2684 Grace Way $1,095,000 RES 10/30 4 5 6696 Colorado Landmark-Boulder 266/266
IRES 769179 A 3766 Vale View Ln $1,325,000 RES 10/30 5 7 8015 Coldwell Banker Res-CanyonBlvd 220/220

Active Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
8 $5,342,699 $1,325,000 $177,700 $667,837 $624,999.50 187/187

 

Taking Backup Offers Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
IRES 781541 A/B 16076 Cinnamon Cir $282,000 RES 10/30 3 2 2684 RE/MAX Traditions, Inc 38/38
IRES 781129 A/B 16332 11th St $315,000 RES 10/30 4 4 2464 ERA Tradewind Real Estate, LLC 45/45
IRES 782327 A/B 3745 Settler Ridge Dr $325,000 RES 10/30 4 4 2798 White & White Realty, Inc. 24/24
IRES 777893 A/B 13773 Saddle Dr $384,900 RES 10/31 5 4 3331 Coldwell Banker Res-Longmont 120/120
IRES 781561 A/B 3721 Roberts St $411,900 RES 10/30 4 4 4989 RE/MAX Traditions, Inc 37/37

Taking Backup Offers Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
5 $1,718,800 $411,900 $282,000 $343,760 $325,000 52/52

 

Sold Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
IRES 765647 S 3635 Vale View Ln $912,000 RES 10/30 4 6 7360 Coldwell Banker Res-Longmont 169/169

Sold Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
1 $912,000 $912,000 $912,000 $912,000 $912,000 169/169

 

Pending Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
IRES 777341 P 16575 E Sanford St $382,432 RES 10/30 4 3 3400 RE/MAX Masters Millennium 105/105
METRO 2526298 P 4919 County Road 24 75 $399,900 RES 10/31 3 1 1400 BRASS KEY PROPERTY BROKERS 168/168

Pending Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
2 $782,332 $399,900 $382,432 $391,166 $391,166 136/136

 

Looking at these numbers, we can see that everything under the $300k mark is selling quickly, as usual!

And another note- Mead just doesn’t have that much to choose from right now!  Spring should bring some more properties but they’ll be snapped up quickly .  Are you getting sick of me saying that?  Me too.  ?

How does this compare to recent January  sales?

2010- $338,000

2011- $514,439

2012- $0

2013- $1,685,400

2014- $2,405,855

2015- $2,561,001

Isn’t it interesting how the numbers were hovering in an area , and then in 2013 started to drastically jump!  The front range is seeing this , and Mead is no exception.

 

Spotlight on Meadowvale

Sold properties in Meadowvale for January:

Sold Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
IRES 777779 S 11702 Pleasant Hl $400,000 RES 10/31 4 3 3498 RE/MAX Alliance-Boulder 101/101
IRES 780630 S 11788 N Beasly Rd $512,000 RES 10/31 4 3 4430 Coldwell Banker Res-NorthMetro 5/5

Sold Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
2 $912,000 $512,000 $400,000 $456,000 $456,000 53/53

Now let’s take a peak at what’s active and under contract as of this moment!

 

Active Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
IRES 782659 A 2110 Meadow Vale Rd $748,500 RES 10/31 4 3 5669 Coldwell Banker Res-CanyonBlvd 17/22

Active Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
1 $748,500 $748,500 $748,500 $748,500 $748,500 17/22

 

Taking Backup Offers Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
IRES 781501 A/B 11724 Pleasant Hl $460,000 RES 10/31 4 4 3772 Keller Williams 1st Realty 38/38

Taking Backup Offers Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
1 $460,000 $460,000 $460,000 $460,000 $460,000 38/38

We are back to a constrained amount of inventory, but that’s not too surprising , given the season.    I’m hopeful we will see some more movement in the spring time!

How about some previous January  statistics?

2010 – $460,000

2011- $888,500

2012- $810,000

2013- $850,000

2014- $0

2015- $0

Traditionally January is a slow month, with these numbers being not that much of a surprise!

Spotlight on Oak Meadows

Hello Oak Meadows , Here is what your January numbers look like!

Sold Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
IRES 779515 S 11468 Daisy Ct $298,500 RES 10/31 3 3 2422 Colorado Gold Real Estate 71/71

Sold Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
1 $298,500 $298,500 $298,500 $298,500 $298,500 71/71

 

For a snapshot in time, we will check the available and under contract inventory as well.

Active Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
IRES 773248 A 6274 Twilight Ave $376,000 RES 10/31 4 3 2992 Berkshire Hathaway-Greeley 178/178

Active Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
1 $376,000 $376,000 $376,000 $376,000 $376,000 178/178

 

Taking Backup Offers Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
METRO 6785077 A/B 6239 Viewpoint Ave $247,000 RES 10/31 3 2 1156 New Homes in Colorado 113/113
METRO 6251482 A/B 11296 Daisy Ct $300,000 RES 10/31 4 3 1972 RE/MAX Professionals 8/8

Taking Backup Offers Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
2 $547,000 $300,000 $247,000 $273,500 $273,500 60/60

 

Pending Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
METRO 8271058 P 11337 Ebony St $275,000 RES 10/31 3 3 2100 RE/MAX Masters Millennium 5/5
IRES 777019 P 6176 Twilight Ave $309,900 RES 10/31 4 4 2039 Zadel Realty 109/109
IRES 780903 P 5482 Caribou Dr $340,745 RES 10/31 4 3 2290 Pinnacle Real Estate Partners 34/34

Pending Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
3 $925,645 $340,745 $275,000 $308,548 $309,900 49/49

Historical numbers for Oak Meadows:  (Recent January  numbers)

2010- $402,000

2011- $538,000

2012- $196,000

2013- $0

2014- $737,000

2015- $0

Spotlight on Mountain Shadows

This months update on Journey homes-

The Signature Series of homes by Journey is completed, and we are seeing a re-sale market place starting to take hold in this neighborhood again

Let’s look at January sales in the area:

Sold Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
IRES 779649 S 11186 Coal Mine St $350,000 RES 10/31 4 3 3204 ERA Tradewind Real Estate, LLC 48/48
IRES 772847 S 5915 Mt Shadows Blvd $360,000 RES 10/31 4 3 4460 Resident Realty Westminster 93/93

Sold Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
2 $710,000 $360,000 $350,000 $355,000 $355,000 70/70

 

Finally the sales in the neighborhood were not new builds, but re-sale homes.

Let’s take a look at what’s active and under contract right now:

Active Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
METRO 2930575 A 11086 Cherryvale St $429,900 RES 10/31 7 4 3410 Keller Williams Preferred Realty 77/77

Active Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
1 $429,900 $429,900 $429,900 $429,900 $429,900 77/77

 

Taking Backup Offers Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
IRES 781380 A/B 5748 Twilight Ave $369,900 RES 10/31 3 2 3190 RE/MAX Town and Country 42/42

Taking Backup Offers Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
1 $369,900 $369,900 $369,900 $369,900 $369,900 42/42

And historical numbers in January  for Mountain Shadows:

2010- $230,000

2011- $0

2012- $0

2013- $0

2014- $285,000

2015- $610,127

Spotlight on Idaho Creek

No homes closed their sales in  Idaho Creek in January!

 

And how about active listings and homes that are under contract?

Taking Backup Offers Listings

MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
IRES 781876 A/B 10673 Butte Dr $225,000 RES 10/31 3 2 1110 ERA Tradewind Real Estate, LLC 33/33
IRES 780305 A/B 10595 Forester Pl $245,000 RES 10/31 3 3 1561 Sandra “Sam” Williams 74/74
IRES 783314 A/B 10672 Upper Ridge Rd $249,000 RES 10/31 3 3 1595 RE/MAX of Boulder, Inc 8/8

Taking Backup Offers Summary

Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
3 $719,000 $249,000 $225,000 $239,666 $245,000 38/38

And Historical numbers for the area?:

2010- $150,000

2011- $0

2012- $0

2013- $0

2014- $182,500

2015- $190,000

 

Stay tuned next month for all my updates on the places we call home!  Looking forward to a great year of happiness, serenity, prosperity for all!

Is there something you would like to see in my report?  Tell me what interests you and I’ll find the information!  Ashley.bevan@8z.com, or call me at 303 359 0457

 

*Not all properties were listed and/or sold by 8z Real Estate. This data is based on content supplied by REcolorado, IRES, PPAR, and/or MLSListings. Content is deemed reliable but not guaranteed. Content may not reflect all real estate activity in the market.

 

 

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