January 2016 Market Update for Carbon Valley Pulse

    Jenny Kipp Front Q4

    Hello, Reporting to you live from Carbon Valley!

    Currently the MLS is offering 65 single family homes for sale. 99 single family homes are under contract. Tell tale signs that Buyers were certainly out shopping over the holidays. In the past week eight homes introduced themselves to market.

    Here’s a broad stroke overview of active single family homes in the area:

    IRES 781313 A 10105 Devonshire St $427,000 RES 10/31 4 3 3770

    METRO 7683894 A 10418 Coal Ridge St $360,000 RES 10/31 5 3 3962

    IRES 781922 A 6299 Taylor St $285,000 RES 10/31 2 2 2113

    9120090 A 4941 Silverleaf Ave $374,999 RES 10/31 5 3 4225

    IRES 781491 A 409 Pinyon St $349,900 RES 10/31 3 2 3296

    781337 A 501 Evan Ct $324,900 RES 10/30 4 2 1790

    RES 781306 A 5472 Caribou Dr $349,995 RES 10/31 4 3 3307

    IRES 775782 A 5411 Lynx Ct $285,000 RES 10/31 3 3 1913

    RES 778276 A 6856 Saddleback Ave $554,900 RES 10/31 5 4 5085

    RES 777853 AC$560,000 RES 10/31 3 3 4852

    METRO 7486380 A 6108 Needlegrass Green $149,000 RES 10/31 3 2 1530

    Last quarter 2015 wrapped up with the following averages:

    December November October
    Sold 17 14 18
    New 12 16 24

    SFH Sold 17 14 18
    SFH New 12 16 24

    With an absorption rate of 2.9%, 46 Days to Contract, Average Sales Price of $356,788.79, Median sales $350,000, Average Price Per Sq ft $111.00, Average Sqft. 3,302.59

    *Data from select neighborhoods. Feel free to inquire within per a specific neighborhood or property value.

    SFH
    Actives Absorbtion Avg DTC Avg Price Median Price Avg PPSF Avg SQFT
    48 2.93877551 46.10204082 356788.7959 350000 111.0595918 3302.591837

    ATD
    Actives Absorbtion Avg DTC Avg Price Median Price Avg PPSF Avg SQFT
    0 0

    ALL
    Actives Absorbtion Avg DTC Avg Price Median Price Avg PPSF Avg SQFT
    48 2.93877551 46.10204082 356788.7959 350000 111.0595918 3302.591837
    Neighborhoods Eagle Valley, Fox Run, Moore Farm, Rinn Valley, St. Vrain Ranch, Summit View Estates

    One of my favorite “Pending” properties is IRES 780615 409 Dunmire St, Frederick, 80530. It listed for a whopping $159,900 and sits on a 9,300 sq ft lot. What a sweet little investment at 926 sqft/2bed/1ba. If you blinked, you missed it. Days to Offer: 3 Its exciting when we see inventory offered under $200K for a single family that is in good condition.

     

    Earlier this week I shared our market predictions for the year: Real Estate Market Update 2015 Wrap-up and 2016 “Real Estate Predictions: Can You Say Déjà vu?” For those who missed it, it was packed with our recap and of course, year ahead predictions. In Weld County, 2015 sales volume increased 18.2% on a year-over-year basis in December and was up 8.2% compared to November. Our 2016 prediction is a near carbon copy of last year where we’re still seeing the compass pointing in favor of Sellers, however, this is not halting Buyers from entering the marketplace. Appreciation rates will continue to rise along the front range. If you have any questions, please know I am here to be of help with information.

    May your New Year be off to a prosperous, happy start!

    *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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