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.
