East Boulder County Housing Statistics

LRA's Quarterly Report of Single Family Homes: Fall 2018 

The market has been cooling off a bit in recent weeks, as more homes are available and demand is declining. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the Market Action Index falls into the Buyer’s zone.  


The median list price took a large dip down from $739,000 in early August to $637,000 in mid November. Louisville's inventory is relatively high for the fall months, as we currently see 42 homes on the market, not too far below the 55 homes in August. "Days on Market" (DOM) has ticked up  from 60 days in early August, to 72 days in mid-November, which includes time to close. A number of listings continue to lowering their price as we see 57% of sellers offering price reductions today, compared to 45% as of early August, up from 28% in early May 2018, and way up from 9% in March 2017.  Sellers are starting to sober up from a super hot market and realize if they want to sell they need to be realistic about pricing. This is a buyer friendly trend but of course, it is also seasonal since there are more homes on the market that weigh into this statistic. Check out available listings in Louisville here

The table below reflects a 90 day rolling average as of November 18, 2018. 



This table below shows that the Town of Superior has an ever decreasing supply of homes with only 18 homes for sale in the fall on average, versus 29 homes in August, significantly down from the 39 homes for sale in early May 2018, which is likely seasonal and the result of typical low inventory in Superior. The median list price for homes in Superior has been increasing over the past year from $502,000 in December 2017 to $754,000 in early May 2018 but has come back down to $654,500 as of November 2018.  As with neighbor Louisville, we do note an increase among sellers who have decreased their original list price from 31% in August up to 50% in November 2018, compared to 33%  in December 2017 and none (0%) in March 2017.  "Days on Market" (DOM) is currently at 67, rising up from 55 in August and 47 days in May, which includes the time required to close.  Check out all available listings in Superior here

The table below reflects a 90 day rolling average as of November 18, 2018.



The table below shows inventory levels holding fairly steady compared to its neighboring towns from 83 in August to 87 in mid November.  Interestingly Lafayette's home prices have remained exactly as they were in August at $595,000, although down significantly from $624,000 in early May 2018, and also lower than the median price of $621,472 in December 2017.  Something we will continue to watch.  "Days on Market" has made the largest leap up to 90 days this fall (almost unheard of in recent years in Boulder County) up from and 50 days in August, which includes days to close. Sellers have decreased their price at a greater rate  and is now at 47%, compared 23% in August, 38% in May 2018, but just 9% last spring (2017).  Check out available listings in Lafayette here.

The table below reflects a 90 day rolling average as of November 18, 2018.


Erie continues to be the East Boulder community with the more homes on the market,  compared to its neighboring towns. With a reported 188 single family homes on the market during mid November. Homes in Erie have a median list price have decreased to $549,950 in mid-November compared to $579,956 in August. Home values hold strong in Erie, as in all of Boulder County.  Days on Market (DOM) has increased from 82 in August to 95 in November, down from 141 in May 2018, which was the same for December 2017. Erie tends to see longer DOM than neighboring towns, likely because of the popularity of new home developments in Erie, which involve a longer sales process resulting in more time required to close on a home. We see a large leap in home listing price reductions from 27% in August to 52% in November.  Check out listings in Erie here.

The table below reflects a 90 day rolling average as of November 18, 2018. 

90 day real estate report dated November 18 2018 of single family home sales in Erie CO

Real estate market statistics are courtesy of Chicago Title of Colorado, Inc. Data provided by Altos Research. 


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Robert Kelly & Cory Nickerson
Louisville Realty Associates
Louisville, CO 80027

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