Unfortunately, limiting statistics to a particular price range in your area would produce a sample of homes too small to be statistically meaningful. However, I can report that, in the Longmont area, time-to-contract is running about three months or a bit less.
In January, 30 homes sold for an average price of $223,389 or a median price of $214,500. The average days-to-contract was 82.
In February, 44 homes sold for an average price of $217,292 or a median price of $211,000. The average days-to-contract was 95.
Sometimes number like this can be a bit deceiving. In both months, less than 10 percent of the available homes actually sold, meaning that some homes are languishing on the market, being withdrawn without sale or are "expiring" as a listing. In other words properly priced, well-styled homes in desirable locations are probably selling while other homes are not.
I hope this helps. Please call me if you would like more information.
Prudential Real Estate of the Rockies
There are more accurate ways to determine value or trends other than days on market such. Most consumers use days on market becaus ethat is what is available to them. I would recommend using inventory levels - figure out how many home sell each month and then how many homes are for sale. If the inventory level is less than 5.8 months than prices are rising and it is a seller's market - over 5.8 months of inventory is a buyer's market with price trending downwards.
That price range was the sweet spot last year. If you're still considering selling, that is a good price. You should have a market analysis performed.
A home that is priced right and staged well can attract multiple buyers these days.
There are plenty of examples of homes that have sold the day they went on the market. That includes homes priced like this one and higher.
Days. Maybe even hours for that price range.
I have placed homes on the market and the seller has an offer the same day.
Sellers, this is the market these days. Homes priced between 200 and 1 million are going quickly, too. We know that Realtors are recommending sellers price aggressively, too, so they attract multiple bids. Smart sellers are staging and using Realtors to market their homes.
See my other posts for more advice on selling and buying in Boulder County.
Unofficially, homes priced in this range are being sold in less than a month. Many comps that I research are being sold in a matter of days. That's unofficially.
For all of Longmont, single family detached homes averaged 117 days on the market in the last report issued in January, IRES reports. That includes 36 homes that took more than 120 days; 12 homes were sold in the first 30 days.
Homes are moving off the market at a faster clip than last year at this time with the average at 136 days.
Trulia reports that the average listing price right now is $386,600.
I hope someone was able to assist you with your relocation more than a year ago
Longmont has been my home for more than 25 years. I've been a residential real estate agent - a Realtor - for 10 years. Richmond American Homes and Engle are two builders I have worked for in my 25-year career. I've owned and rented several lovely homes in Longmont. I track the market closely. If you have questions, call me. I am accepting listings at this time.
PML of Longmont, CO
720 810 0683
Now is a good time to sell with the buyer tax credit contract deadline fast approaching. My buyers are finding the inventory pretty well picked over and are eagerly watching for new listings as they hit the market. I would welcome the opportunity to talk with you about your plans.
This is great news if you are selling and bad news if you are buying. There are too many buyers and not enough sellers which will ultimately drive up prices.
For homes, priced between $210,000 and $220,000, located in zip code 80503, the average days on the market for the past 6 months as been 99 days; one as few as 61 days and one as much as 169 days. Keep in mind, however, that some of the aforementioned homes went through numerous price adjustments before they actually went under contract. Pricing a home for sale in todays market is more important than ever. Over pricing a property for sale can not only add to the amount of time it takes for it to sell, it can actually hurt your opportunities for selling it at the highest price.
Please contact me if I can provide additional information or if you would like for me to provide a free, written competitive market analysis.
Best of luck!