January 2016 Market Update for Mead and Meadowvale

    Ashley Bevan Mead Longmont Front Q4

    January Monthly Market Review

    Monthly Market Update for Mead, Meadowvale, Oak Meadows, Mountain Shadows, Idaho Creek

    Happy 2016 everyone!  We have a new year upon us!   Do we think the market will be different than last year?  Slower?  Favor buyers more?  Well, I think “More of the same as last year” is the most likely scenario!  We still have a severe shortage of homes on the market, buyers are still out there, searching high and low for a reasonable price range and some choices.  Did your mom ever tell you “honey, you can’t get everything!”    No truer statement has been made huh?  In life and in this market.  You must be able to roll with it and try to stay calm.

    For homes over $400K the market has slowed its frantic pace in a larger degree, than the mid to lower price ranges.  From a buyer’s perspective it might be a good time to be shopping in that price range ($400k and up) since you might have a bit more to choose from, without the pressure of competition. Spring will bring strong again this year in this price range, as people try to figure out their living situation before the next school year starts, which will quickly deplete that inventory.

    I don’t see any slowdown for the housing market since jobs and other economic factors keep applying the pressure.  At least for the foreseeable future!

     

    December numbers for all of our neighborhoods!

    Spotlight on Mead

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

    Sold Listings

    MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
    METRO 6450039 S 241 6th St $245,000 RES 10/30 5 2 1907 Keller Williams Advantage Realty LLC 77/29
    IRES 777130 S 17438 Margil Rd $282,500 RES 10/30 5 3 2994 Coldwell Banker Res-Longmont 58/58
    IRES 776683 S 13651 WRANGLER Way $315,000 RES 10/31 4 2 3072 RE/MAX Traditions, Inc 35/35
    IRES 768067 S 13802 Wrangler Way $342,500 RES 10/31 5 3 4120 Keller Williams 1st Realty 175/175
    IRES 758507 S 3687 Schuman Pl $370,000 RES 10/30 3 2 4515 RE/MAX Masters Millennium 212/212
    IRES 778112 S 3510 Hughes Dr $375,000 RES 10/30 4 3 3363 Challenge West Realty 57/57
    IRES 760846 S 16580 Sanford St $400,080 RES 10/30 4 4 5016 RE/MAX Masters Millennium 179/179
    IRES 755991 S 3637 Schuman Pl $409,950 RES 10/30 3 3 4450 RE/MAX Masters Millennium 238/238
    IRES 767911 S 366 HUNTERS RIDGE Dr $575,000 RES 10/30 3 3 4096 RE/MAX Alliance-Wadsworth 184/184
    IRES 767030 S 17820 I 25 Frontage Rd $740,000 RES 10/30 4 2 3288 RE/MAX Nexus 182/182

    Sold Summary

    Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
    10 $4,055,030 $740,000 $245,000 $405,503 $372,500 139/134

     

    Are you curious about how the market looks right now?  I’ll show you what’s active and under contract for 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 88/88
    IRES 777250 A 323 Main St $280,000 RES 10/30 4 3 2699 Resident Realty 99/99
    IRES 781541 A 16076 Cinnamon Cir $282,000 RES 10/30 3 2 2684 RE/MAX Traditions, Inc 6/6
    IRES 780911 A 16375 9th St $315,000 RES 10/30 5 4 2488 Colorado Home Finder Realty 24/24
    IRES 780838 A 3713 Homestead Dr $324,900 RES 10/30 3 2 2994 Coldwell Banker Res-Longmont 27/27
    IRES 777341 A 16575 E Sanford St $382,432 RES 10/30 4 3 3400 RE/MAX Masters Millennium 95/95
    IRES 781561 A 3721 Roberts St $411,900 RES 10/30 4 4 4989 RE/MAX Traditions, Inc 5/5
    IRES 746931 A 126 3rd St $450,000 RES 10/30 3 1 1024 ERA Tradewind Real Estate, LLC 492/492
    IRES 773251 A 3221 Snowberry Ct $799,999 RES 10/30 5 4 6200 Keller Williams 1st Realty 146/146
    IRES 764718 A 2684 Grace Way $1,100,000 RES 10/30 4 5 6696 Colorado Landmark-Boulder 234/234
    IRES 769179 A 3766 Vale View Ln $1,325,000 RES 10/30 5 7 8015 Coldwell Banker Res-CanyonBlvd 188/188

    Active Summary

    Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
    11 $5,848,931 $1,325,000 $177,700 $531,721 $382,432 127/127

     

    Taking Backup Offers Listings

    MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
    IRES 780628 A/B 434 7th St $255,000 RES 10/30 3 2 1837 RE/MAX Traditions, Inc 39/39
    METRO 7905168 A/B 16305 9th St $294,900 RES 10/30 3 3 2576 COMPLETE REAL ESTATE INC 62/62
    IRES 778728 A/B 2680 Bridle Dr $300,000 RES 10/31 3 3 2543 Group Mulberry 74/74
    IRES 781129 A/B 16332 11th St $315,000 RES 10/30 4 4 2464 ERA Tradewind Real Estate, LLC 13/13
    IRES 777645 A/B 16078 Cinnamon Cir $329,900 RES 10/30 3 3 2488 RE/MAX Alliance-Longmont 90/90
    IRES 777893 A/B 13773 Saddle Dr $384,900 RES 10/31 5 4 3331 Coldwell Banker Res-Longmont 88/88
    IRES 775288 A/B 210 Grand View Cir $510,000 RES 10/30 4 3 4472 The Colorado RE Group 122/122
    IRES 766987 A/B 3938 Vale View Ln $659,000 RES 10/30 4 4 5535 Home Savings Realty 212/212

    Taking Backup Offers Summary

    Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
    8 $3,048,700 $659,000 $255,000 $381,087 $322,450 87/87

    Pending Listings

    MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
    IRES 727072 P 3011 Elderberry Ln $150,000 LAND 10/30 Summit Real Estate & Marketing 639/1086
    IRES 780531 P 16151 Ginger Ave $319,900 RES 10/30 3 3 2682 Foothills Premier Properties 11/11
    IRES 779598 P 121 Falcon Cir $354,900 RES 10/30 5 3 3380 Redefy 26/26
    METRO 3658081 P 16610 Sanford St $381,485 RES 10/30 4 4 4857 RE/MAX Masters Millennium 176/176
    METRO 4882648 P 13773 Saddle Dr $384,900 RES 10/31 5 4 3331 Coldwell Banker Residential 30 48/48
    METRO 2526298 P 4919 County Road 24 75 $399,900 RES 10/31 3 1 1400 BRASS KEY PROPERTY BROKERS 168/168
    IRES 779908 P 16585 Sanford St $530,000 RES 10/30 5 5 5038 RE/MAX Masters Millennium 6/6
    METRO 5371274 P 18157 Wagon Trl $549,900 RES 10/30 5 3 5232 Brix Real Estate LLC 51/51

    Pending Summary

    Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
    8 $3,070,985 $549,900 $150,000 $383,873 $383,192.50 140/196

    Looking at these numbers, we can see that everything under the $300k mark is selling quickly, as usual!  For the homes under contract we have a pretty wide range of prices, which signals the market’s continuation of a strong presence.

    How does this compare to recent December  sales?

    2010- $1,481,531

    2011- $1,434,700

    2012- $622,500

    2013- $2,271,000

    2014- $4,673,800

    2015- $4,055,030

    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 December:

    Sold Listings

    MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
    IRES 776588 S 11725 Pleasant Hl $490,000 RES 10/31 6 4 3879 Coldwell Banker Res-Longmont 64/64

     

    Here are the active and under contract properties on the market, for all of Meadowvale at this moment:

    Active Listings

    MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
    IRES 781501 A 11724 Pleasant Hl $460,000 RES 10/31 4 4 3772 Keller Williams 1st Realty 6/6
    IRES 767636 A 2135 Meadowlark Pl $594,995 RES 10/31 5 5 4428 Brass Key Property Brokers 206/206

    Active Summary

    Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
    2 $1,054,995 $594,995 $460,000 $527,497 $527,497.50 106/106

     

    Taking Backup Offers Listings

    MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
    IRES 777779 A/B 11702 Pleasant Hl $410,000 RES 10/31 4 3 3498 RE/MAX Alliance-Boulder 88/88
    IRES 780630 A/B 11788 N Beasly Rd $512,000 RES 10/31 4 3 4430 Coldwell Banker Res-NorthMetro 34/34

    Taking Backup Offers Summary

    Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
    2 $922,000 $512,000 $410,000 $461,000 $461,000 61/61

     

    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 December  statistics?

    2010 – $429,500

    2011- $1,159,000

    2012- $0

    2013- $387,500

    2014- $0

    2015- $490,000

    Spotlight on Oak Meadows

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

    Sold Listings

    MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
    IRES 778579 S 6360 Valley Vista Ave $267,000 RES 10/31 4 3 1524 Keller Williams 1st Realty 47/47
    IRES 770735 S 11291 Ebony St $305,000 RES 10/31 3 3 2740 Resident Realty Westminster 98/98

    Sold Summary

    Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
    2 $572,000 $305,000 $267,000 $286,000 $286,000 72/72

     

    This looks like a small amount of sales for December,  but the inventory in this neighborhood is still moving quickly!  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 $328,000 RES 10/31 4 3 2708 Berkshire Hathaway-Greeley 146/146

    Active Summary

    Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
    1 $328,000 $328,000 $328,000 $328,000 $328,000 146/146

     

    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 81/81
    IRES 779515 A/B 11468 Daisy Ct $298,500 RES 10/31 3 3 2422 Colorado Gold Real Estate 60/60

    Taking Backup Offers Summary

    Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
    2 $545,500 $298,500 $247,000 $272,750 $272,750 70/70

    Historical numbers for Oak Meadows:  (Recent December numbers)

    2010- $0

    2011- $380,000

    2012- $905,500

    2013- $0

    2014- $587,500

    2015- $572,000

     

    Spotlight on Mountain Shadows

    This months update on Journey homes-

    The Signature Series of homes by Journey is really close to completion with it’s final homes being pushed through the door.   Most of these homes feature higher end finishes and have some amazing views of the mountains and the new lakes being built in the area.

    Let’s look at December sales in the area:

    Sold Listings

    MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
    IRES 779281 S 5812 Waverley Ave $300,000 RES 10/31 4 3 2172 Supreme Realty Group 3/3
    IRES 775536 S 5779 Mountain Shadows Blvd $312,000 RES 10/31 4 3 2808 RE/MAX Alliance-Boulder 101/113
    IRES 777209 S 11280 Columbine St $354,000 RES 10/31 4 3 3528 Coldwell Banker Res-Loveland 64/64
    IRES 771663 S 5835 Waverley Ave $359,956 RES 10/31 4 3 3174 Mtn Vista Real Estate Co., LLC 119/119
    METRO 5632611 S 11331 Charles St $368,832 RES 10/31 4 3 3444 Mountain Vista Real Estate 196/1
    IRES 757574 S 11331 Charles Ave $368,832 RES 10/31 4 3 3444 Mtn Vista Real Estate Co., LLC 291/291
    IRES 771462 S 5759 Waverley Ave $387,267 RES 10/31 4 3 3442 Mtn Vista Real Estate Co., LLC 119/119

    Sold Summary

    Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
    7 $2,450,887 $387,267 $300,000 $350,126 $359,956 127/101

    Still a lot of new inventory was sold through the channel , as you can see.  The majority of sales in December  were new builds in the Mountain Shadows neighborhood!

    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 $445,000 RES 10/31 7 4 3410 Keller Williams Preferred Realty 45/45

    Active Summary

    Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
    1 $445,000 $445,000 $445,000 $445,000 $445,000 45/45

     

    Taking Backup Offers Listings

    MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
    IRES 778817 A/B 5779 Mt Shadows Blvd $323,900 RES 10/31 4 3 2808 RE/MAX Alliance-Boulder 73/130
    IRES 781380 A/B 5748 Twilight Ave $369,900 RES 10/31 3 2 3190 RE/MAX Town and Country 10/10

    Taking Backup Offers Summary

    Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
    2 $693,800 $369,900 $323,900 $346,900 $346,900 41/70

     

    Well there’s 1 house to choose from right now!  Looks like a nice one though- I’m sure someone will enjoy this home!

    And historical numbers in December  for Mountain Shadows:

    2010- $238,053

    2011- $229,900

    2012- $573,400

    2013- $0

    2014- $575,000

    2015- $2,450,887

     

    Spotlight on Idaho Creek

    Nestled in between Longmont and Firestone the community of Idaho Creek has seen a great deal of activity in the neighborhood and prices continue to climb!

    Let’s take a look at December statistics for sales for Idaho Creek

    Sold Listings

    MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
    IRES 779780 S 10435 Lower Ridge Rd $230,000 RES 10/31 3 2 1470 Headwaters Realty LLC 39/39
    METRO 4843661 S 10436 Durango Pl $245,000 RES 10/31 3 2 1500 Keller Williams Realty Downtown 55/6

    Sold Summary

    Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
    2 $475,000 $245,000 $230,000 $237,500 $237,500 47/22

     

    Things are moving very swiftly as people from the center of Longmont search for reasonably priced housing in the area!

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

    Active Listings

    MLS# Stat Address Price Type Area BD BA SqFt Listing Office DOM/CDOM
    IRES 780305 A 10595 Forester Pl $245,000 RES 10/31 3 3 1561 Sandra “Sam” Williams 42/42
    IRES 779082 A 10687 Butte Dr $255,000 RES 10/31 3 2 1371 Kittle Real Estate 68/68

    Active Summary

    Count Total Price High Price Low Price Avg Price Median Price ADOM/ACDOM
    2 $500,000 $255,000 $245,000 $250,000 $250,000 55/55

     

    And Historical numbers for the area?:

    2010- $240,900

    2011- $275,900

    2012- $0

    2013- $848,133

    2014- $218,000

    2015- $475,000

    Wow, that’s quite the story of value increasing and activity increasing in our market that has been experiencing a great deal of pressure from more expensive areas.

     

    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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