January home sales stats are in and, as usual, they aren’t very interesting. They also aren’t very telling of the year to come. January is always one of the slowest months of the year so I dug a little deeper to come up with some other items that may be of interest. I can assure you it won’t top the awesome Super Bowl performance by the Broncos, but I’ll give it my best.
First of all, I know it’s kind of lame graph. I was hoping it would show something little more revealing over the past two years. The graph plots single family home sales versus attached home sales in Longmont against one another. The numbers behind this graph revealed something I did not know: on average, about 25% of the total sales occurring each month are attached homes. This is over the entire time of the graph. If you separate 2014 from 2015, the percentage drops only about 1% in 2015. I know, not too interesting. Take a look below the stats links for some items that I promise will raise an eyebrow.
January 2016 Longmont Area Stats
Click here for .pdf file
Here are some items I found when pulling the data for the special full year report I published last month. There is an extraordinary amount of data to sift through so here are some facts about the single family homes sold in Longmont in 2015.
- Average Finished SF w/out Basement = 1,789sf
- Average Finished SF w Basement = 2,361sf
- Average Final List Price = $325,151
- Average Sold Price = $340,215
- Average Garage Spaces = 1.95
- Average Year Built = 1981
- The biggest takeaway is that, on average, homes sold at 4.6% above their final list price.
- It seems logical that 2000 and 2001 had a lot of sales because there was a lot of new construction during that time period. I wish I could track how many times those properties had been bought and sold since they were built.
- On the other side of the new construction coin is the small number of homes sold that were built between 2008 and 2011. With the exception of the one home built in 1988, these years, by far, have the smallest number of homes sold that were built during any year going all the way back to 1944.