Two outstanding home values...one in Louisville at $329,900, the best house for the money in the city...and and equally great buy at $327,000 in Lafayette. Quick detailed below...see my Remax page for full details with pics, and more. See some good general news below after the listings..things are looking up!!
Louisville, CO 80027 2219 Dogwood Cir Bedrooms: 3 Bathrooms: 2 full 1 partial Square Feet: 1924 Type: Four-Level Subdivision: Hunters Ridge Area: Louisville School Dist: BLDR VALLEY DIST RE2
MLS ID: 620156 Status: Active Rooms Living Room: 15x13
Dining Room: 10x8 Family Room: 17x14 Kitchen: 8x8 Master Bedroom: 12x12
Bedroom 2: 11x9 Bedroom 3: 10x9
Price is $329,000: Mint Condition! You will appreciate the upgrades! Newer windows, roof, carpet, stainless steel appliances, fresh exterior paint, newer accent light fixtures, skylight, gorgeous, tile entry. Perfect floor plan for entertaining that opens to the family room. Gas fireplace has blower, remote and thermostat for true comfort. 4 man Hot Tub, included, just outside the family room, Sprinkler System , fully fenced plus extra wide lot w/double gate that fits trailer. Best in Louisville offered today!
Lafayette: 1418 Harvest Dr Lafayette, CO 80026
Bedrooms: 3 Bathrooms: 2 full 1 partial Square Feet: 2202
Type: 2 Story Subdivision: Anna's Farms, Lafayette Farms East
Area: Lafayette School Dist: BLDR VALLEY DIST RE2 MLS ID: 619910
Status: Active Rooms Living Room: 20x12 Dining Room: 9x8
Kitchen: 10x9 Master Bedroom: 13x12 Bedroom 2: 13x9 Bedroom 3: 11x10
Price is $327,000. Better than new! Custom Window Coverings! Whole House Fan & Central Air! Surround sound in Liv Rm plus in wall speakers Mstr Bed & Bath! All bdrms with gorgeous ceiling fans. Wall Safe in his closet, & has a her closet. New Carpet, Stunning Hard Wood throughout out main floor, tile counters. Tall Maple Cabinets, Breakfast bar + dining rm. New Fridge & All Appliances stay. Rare fenced yard w/dog door into garage. Built Green. and ...it is on the Bus Line, easy trip to Boulder!
Denver home prices begin to rise
The Denver area, and espcially Louisville/Lafayette/Boulder, is one of only four areas to experience increased home sales prices, according to the Standard & Poor’s/Case-Shiller Home-Price Index. Denver’s S&P/Case-Shiller Home Price Index yearly percentage change improved for the tenth consecutive month, increasing 0.5 percent between November 2008 and November 2009. As reported by Standard & Poor’s, “Looking at the annual figures, four markets – Dallas, Denver, San Diego and San Francisco – have finally entered positive territory, something we really haven't seen in at least two years in most markets” (www.standardandpoors.com).
Prices increased nationally as well. According to the National Association of Realtors (NAR), the national median existing-home price for all housing types increased 1.5 percent from December 2008 to December 2009. Lawrence Yun, NAR chief economist, attributed that to an increased number of mid to upper-priced home sales. The nation hasn’t experienced a gain in median sales prices since August 2007. Yun also gives credit for the increase to the first-time home buyer tax credit that was originally to expire in November of 2009. He said, “There were no surprises in the data. It’s significant that home sales remain above year-ago levels, but the market is going through a period of swings driven by the tax credit” (www.Realtor.org).
What is surprising is that the median sales price increased despite the number of distressed sales that occurred during 2009. According to NAR, “Distressed homes, which accounted for 32 percent of sales last month, continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes in the same area. Distressed homes accounted for 36 percent of total sales last year” (www.Realtor.org).
Denver also experienced an increase in distressed sales. According to the Denver Post, “The number of foreclosures going all the way to a public trustee sale fell to 20,437 last year, down 4.1 percent from 2008 and 18.4 percent from the 2007 peak” (www.DenverPost.com). And Denver surprisingly still experienced increased sales prices.
The Denver Metrolist reported an increase in the average sold price for the Denver Metro area as well. The average sold price for residential homes and condominiums in the Denver Metro area increased 13.6 percent from December 2008 to December 2009. The average sold price in December 2009 was $255,877, compared to December 2008, when it was only $225,257. The average sold price increased 7.1 percent from November 2009, when it was $226,895.
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