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.
