For the first time ever, the average price of a home in Longmont exceeded half a million dollars last month. We all knew it would happen sooner or later, but this is much sooner than expected. Last month saw the previous highest monthly average price ever at $481,378. Mark August of 2018 in your memory [...]
I see a lot of fun and exciting things in this month's sales statistics report. I also uncovered and updated a couple of other tidbits for your reading pleasure. But first of all, I want to thank everyone who came to the Grand Opening and Ribbon Cutting at the new First American Title office. We [...]
First American Title is proud to announce we have moved our Longmont office to a new location. As of July 3rd, 2018 our office will be located in one of the premier office buildings in all of Longmont, The Roosevelt Building. We would like to thank Keith Burden of Burden Inc, the buildings' owner and [...]
Colorado Statistics Please click on the desired city below in the map or scroll down and click on the name of the city in the list to obtain Colorado Single Family and Condo Statistics. Arvada Condo Single Family Aurora Condo Single Family Berthoud Single Family Boulder Condo Single Family Brighton Single Family Broomfield Condo Single [...]
We meet here, month after month, year after year. We watch and talk about the increasing prices in Longmont. We are now solidly into the $450,000+ average price range, so I thought it would be a good idea to graph the year-to-date sales by price point. I’ve done this in the past, but this one [...]
It's finally starting to feel like spring! There's so much going on around town and I'm excited to write this stats piece this month. There are a couple of other gems in here for you as well. Let's start with a recent announcement that First American Title was named Best Places to work in Canada [...]
I've been getting a lot of positive response to our Altos Report that goes out monthly in the Eagle Examiner. I will try to publish it here whenever it comes out. This report is a little different because it looks at listing data. My other report looks at sold data. Sold data is historic in [...]
Results usually don't match expectations. What result would you expect from having significantly lower inventory this year than last? Fewer sales? I would guess the same since that's what happened last year and the year before. Year over year inventory has declined in each of the first three months of 2018. Now go figure out [...]
The 2017 Longmont Housing Affordability Review has been released. You will notice the measuring stick for affordability has been updated since the market had outpaced our static numbers established in 2013. Yes indeed, prices are going up. New information and studies show that homes are relatively more affordable than in the past. Please read the [...]
It was almost exactly 1 year ago when we lost data sharing. Ever since, we've been comparing 2016 data that included both IRES and REColorado data to 2017 IRES only data. I'm done with that and I'm not holding my breath for it to come back. Data share or the big merger may happen at [...]