Here are a few pics of the current expansion in progress:
Two homes on the same street sold recently in Louisville, CO. Both similar in size–one was updated and listed by a Realtor, the other was not updated and not listed by a Realtor. The updated house listed by a Realtor sold for 105% of list price–bidding war situation.
The non-updated house not listed by a Realtor was sold via word of mouth or one of those buyer letters. The non-updated house sold for $90,000 less. If the non-updated house had been listed by a Realtor and put on the market it would have sold for at least $50,000 more than what it sold for.
Make sure to always hire a Professional Realtor to provide a full-service listing when selling your home.
(Disclaimer: I was not involved in either transaction)
You can reach me at [email protected] or “three zero three, nine three one, eight zero zero three.” Leave a voice mail if I don’t pick up. Thanks–Mario
We went to Crested Butte for Labor Day weekend. It’s a beautiful place to visit in the summer. We did some great hikes, ate some good food and our kids got to swim in the hotel swimming pool. Ha! We stayed at the Grand Lodge and it was nice.
One negative it is a long-trip for a 3/4 day weekend. Door-to-door it’s a 5 hour drive–mainly because of traffic and most of the trip is on single lane highways.
If you’re moving to the Boulder/Louisville/Lafayette/Superior/Niwot/Erie area and you need a Realtor who specializes in helping Relocation Buyers I can help you.
This is my opinion—-
I’ve noticed this year a number of homes in Louisville have gone on the market well over $1M but not many of them are selling at that price. A lot of Sellers have been pushing the envelope listing their home in the $1.2M to $1.5M range in Louisville, Colorado. Since January 1st of this year only one resale home in Louisville has sold for over $1M and it was just barely at $1,013,824. (The newly built houses on Hutchinson Street were all listed below $1M but some of them did sell over $1M once all updates and finishes were chosen.)
I am predicting a slow down in the Louisville Colorado real estate market next year. A few factors–election year with candidates that make everyone nervous–builders are building like crazy so supply is going to catch up with demand–and we’re going to start seeing a lot of people moving out of Louisville and buying new construction in Lafayette/Erie areas so this will increase the resale supply in Louisville.
Louisville has reached its peak. It’s still going to remain a good investment but no one is going to pay over $1M for older homes which are not updated. Better options in Boulder/Niwot/Erie at those prices. Two years ago I helped a Buyer buy a newly built home in Old Town Louisville for $1.1M. I don’t see many homes like that on the market this year in Louisville.
If you have any thoughts feel free to contact me to share your opinion.
Quarter 2 Statistics this year, 2016, the average price of a home in the City of Louisville, Colorado was $666,399 based on the sale of 58 residential homes sold.
For the year, 2015, the average sales price of a home in the City of Louisville was $520,000.
In 2014, the average sales price of a home in the City of Louisville was $511,000.
Source information–IRES MLS.
As you can see the home values in the City of Louisville have spiked up considerably this year, 2016.
I have lived in Louisville since 1996 and before that I lived in Boulder for nineteen years.
Here are the reason why and how I came to live in Louisville:
1. Much better value for buying a house in Louisville compared to Boulder when I bought my home and that still applies today. Decent sized homes in Louisville, Colorado start in the $500,000 to $600,000 range. Whereas Boulder you have to start in the high $800s at a minimum and most likely end up around $1,000,000 plus or minus.
2. Less traffic in Louisville. Small city and very easy to get around. Anywhere I have to take my daughters for their activities it’s a ten minute drive. This is great.
3. Small community, population of 19,000. Being here as long as I have I know so many people. Very cool.
4. Excellent public schools. My two daughters go to Monarch K8.
5. Quaint downtown area. Great public library with an awesome Children’s section. In the summer we make it to Sweet Cow at least once a week, best place for ice cream. Lots of great activities in downtown during summer–Farmers Market and the Street Faire with live music on Friday evenings.
6. Louisville is not Boulder yet we’re just 10 minutes away so we can enjoy a lot of what Boulder has to offer—Chautauqua, Pearl Street Mall, Sanitas Trail and lots of nice restaurants.
7. Only a 30 minute drive to Denver (when there’s no traffic.)
8. Real estate values have continually increased since I bought my first house in 1996. A safe place to invest as a homeowner.
One caveat is the biggest issue with buying a home in Louisville is the inventory is extremely limited because once people move here they don’t move. I’m serious. 🙂 I believe this will be relieved a little bit in 2017 when we shall see more new home construction east of Louisville in Lafayette, Erie, Broomfield and Westminster.