Longmont Real Estate Analysis – Data and Trends
Good morning everyone! Some of my favorite people live in Longmont and others are regular visitors, like me, drawn to Vance Brand Airport, local eateries such as Cyclhops, Sugar Beet and the Longmont Cheese Importers and an engaging, resourceful community. As such, it’s only right that we take a look at the market there too. 🙂 Here is your Longmont real estate analysis.
Longmont is having a good year! While inventory could be better, sales numbers continue to rise and so does the median and average sales price.
Longmont Real Estate Analysis – Detached Homes
If you are a the seller of a detached house in Longmont this year you may have been wondering how the uptick in new construction was going to impact your ability to sell your property. As it turns out the Average Days to Contract figure has continued to drop since that “sellers market” began in early 2012 and Longmont sellers would not have to wait long to find a qualified buyer with an acceptable offer price. (The slight increase in DTC during the first quarter each year is typical and nothing to worry about. It’s the result of shorter daylight hours, inclement weather, seasonal obligations that buyers face… All of which slow down their decision making.)
Note also on the chart below (green bars) the Median sales price continuing its trend upward. IMHO, Longmont is not a bad place to be a first time buyer. Prices are affordable and it’s ideally located to offer an easy commute to neighboring communities as needed. Yes, there are some less desirable areas… And as your Realtor I’ll be sure to give you good Longmont real estate analysis as it pertains to specific neighborhoods… But there are also areas of historic and interesting architecture, new construction, plenty of trails, parks and open space and an Old Town that is alive with art galleries and fun places dine on a Friday night.
Longmont Real Estate Analysis – Attached Dwellings
Longmont doesn’t have the large amount of attached dwellings, like Boulder. Yes, there is high density housing (more north of Old Town) but without CU Boulder or similar to drive that student housing requirement, we see much smaller inventory numbers, therefore smaller sales figures. Smaller sales figures means more chance for one or two sales to skew the data. Take the attached dwelling Longmont real estate analysis with a grain of salt and ask me for more information, if you are looking at buying or selling in Longmont.