Louisville, CO, Real Estate Update

Welcome to March 2010!  As we see intermittent signs of spring in Louisville, CO, I've been getting lots of questions from potential home sellers about what the overall market in Louisville looks like inventory-wise.  Here's my breakdown of what's going on:

There are currently 85 active single-family, detached homes listed in Louisville right now, ranging from $229,000 to $1,295,000.  Of those 85, 14 have offers and are taking backup offers.  There are 4 homes with sales pending.  Since January 1, 17 homes have closed sales.  The average number of days on market for those 17 homes which have sold in 2010 is 101.  The shortest number of days on market was 3 (!), and the longest was 255.

On the attached dwelling front, there are 24 active properties listed right now, ranging from $89,900 to $409,900.  Of those, 5 have offers and are taking backup offers.  There is 1 home with a sale pending.  Since January 1, 8 attached dwellings have closed sales.  The average number of days on market for the attached dwellings which sold in 2010 is 143.  The shortest number of days on market was 38, and the longest was 358.

Obviously, things are moving in the Louisville market - buyers are out there, and, as always, the right pricing as well as the upkeep of the property are key to getting a quick sale.