at Keller Williams Integrity
The Bartic Group's Market Report
Single-Family Homes
www.TheBarticGroup.com
Lafayette, CO
This week the median list price for Lafayette, CO is $949,999 with the market action index hovering around 89. This is less than last month's market action index of 92. Inventory has increased to 14.
Real-Time Market Profile Median List Price
$949,999
Market Action Index
Median Price of New Listings
$800,000
This answers “How’s the Market?” by comparing rate of sales versus
Per Square Foot
$359
Average Days on Market
12
Median Days on Market
0
Price Decreased
21%
Price Increased
0%
Relisted
7%
Inventory
14
Median Rent
$2,800
Market Action
89
inventory. 50
40
Buyer's Market
60
Seller's Market
70
100
10 0
on
89
90
M
ay Tod th
Las t
80
20
30
Strong Seller's Market Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Strong Seller's Market
Market Segments Each segment below represents approximately 25% of the market ordered by price. Median Price
Sq. Ft.
Lot Size
Beds
Bath
Age
New
Absorbed
DOM
$2,050,000
4,657
0.25 - 0.5 acre
4
4
24
1
1
21
$1,199,000
4,839
8,000 - 10,000 sqft
4
3
20
2
2
0
$824,999
2,364
6,500 - 8,000 sqft
3
2.5
34
3
4
0
$632,500
1,757
6,500 - 8,000 sqft
3
2
40
3
3
0
Thu May 05 2022
2 of 6
The Bartic Group's Market Report
Single-Family Homes
www.TheBarticGroup.com
Lafayette, CO
Median List Price
The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last. $2.0M
$1.8M
$1.5M
$1.3M
$1.0M
$750K
$500K May 2019
Sep 2019
Jan 2020
May 2020
Sep 2020
7-Day Average
Jan 2021
May 2021
Sep 2021
Jan 2022
Apr 2022
90-Day Average
Segments
Pricing trends have been lacking strong directional indication lately. Quartiles 4 and 1 are mixed, while Quartile 3 is up and Quartile 2 is down. Look to persistent shifts in the Market Action Index as a leading indicator for strong moves (up or down) in the market as a whole. $3.0M
$2.5M
$2.0M
$1.5M
$1.0M
$500K
$0 May 2019
Sep 2019
Jan 2020
Top 90-Day
May 2020
Sep 2020
Upper 90-Day
Jan 2021
Lower 90-Day
Thu May 05 2022
May 2021
Sep 2021
Jan 2022
Apr 2022
Bottom 90-Day
3 of 6
The Bartic Group's Market Report
Single-Family Homes
www.TheBarticGroup.com
Lafayette, CO
Price Per Square Foot
In a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same. $500
$450
$400
$350
$300
$250
$200 May 2019
Sep 2019
Jan 2020
May 2020
Sep 2020
7-Day Average
Jan 2021
May 2021
Sep 2021
Jan 2022
Apr 2022
90-Day Average
Inventory
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply. 100
80
60
40
20
0 May 2019
Sep 2019
Jan 2020
May 2020
Sep 2020
7-Day Average
Jan 2021
May 2021
Sep 2021
Jan 2022
Apr 2022
90-Day Average
Thu May 05 2022
4 of 6
The Bartic Group's Market Report
Single-Family Homes
www.TheBarticGroup.com
Lafayette, CO
Market Action Index
Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone. 125
100
75
50
25
0 May 2019
Sep 2019
Jan 2020
May 2020
Sep 2020
7-Day Average
Jan 2021
May 2021
Sep 2021
Jan 2022
Apr 2022
90-Day Average
Market Action Segments
Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group. 125
100
75
50
25
0 May 2019
Sep 2019
Jan 2020
Top 90-Day
May 2020
Sep 2020
Upper 90-Day
Jan 2021
Lower 90-Day
Thu May 05 2022
May 2021
Sep 2021
Jan 2022
Apr 2022
Bottom 90-Day
5 of 6
The Bartic Group's Market Report
Single-Family Homes
www.TheBarticGroup.com
Lafayette, CO
Median Days on Market (DOM)
The properties have been on the market for an average of 18 days. Half of the listings have come newly on the market in the past 4 or so days. Watch the 90-day DOM trend for signals of a changing market. 125
100
75
50
25
0 May 2019
Sep 2019
Jan 2020
May 2020
Sep 2020
7-Day Average
Jan 2021
May 2021
Sep 2021
Jan 2022
Apr 2022
90-Day Average
Segments
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles. 200
150
100
50
0 May 2019
Sep 2019
Jan 2020
Top 90-Day
May 2020
Sep 2020
Upper 90-Day
Jan 2021
Lower 90-Day
Thu May 05 2022
May 2021
Sep 2021
Jan 2022
Apr 2022
Bottom 90-Day
6 of 6
1111 Elysian Field Dr #B, Lafayette, CO 80026-1453, Boulder County APN: R0500973
CLIP: 3071865018
MLS Beds 1
MLS Baths 1
MLS Sale Price $265,000
MLS Sale Date 05/07/2021
MLS Sq Ft 751
Lot Sq Ft 144,386
Yr Built 1978
Type CONDO
OWNER INFORMATION
Owner Name
Canfield Robin P
Mailing Zip
80503
Owner Name 2
Canfield James N
Mailing ZIP 4
7278
Mailing Address
8338 Pawnee Ln
Mailing Carrier Route
R007
Mailing City & State
Niwot, CO
Owner Occupied
No
Property Zip
80026
Subdivision
Elysian Fields Condos
Property Zip4
1453
Census Tract
609.00
Property Carrier Route
C009
Neighborhood Code
480-480
School District
Boulder Valley Re 2
Township
01S
Elementary School
Ryan
Range
69
Middle School
Angevine
Section
10
High School
Centaurus
Lot
1111b
PIN
R0500973
% Improved
100%
Alternate PIN
1575102-18-117
Tax District
0110
Schedule Number
R0500973
Legal Description
UNIT 1111 B ELYSIAN FIELDS FKA UNIT B BLDG 10 COAL CREEK VIL LAGE CONDOS
LOCATION INFORMATION
TAX INFORMATION
ASSESSMENT & TAX
Assessment Year
2021
2020
2019
Market Value - Improved
$218,600
$205,000
$205,000
Market Value - Total
$218,600
$205,000
$205,000
Assessed Value - Improved
$15,630
$14,658
$14,658
Assessed Value - Total
$15,630
$14,658
$14,658
YOY Assessed Change (%)
6.63%
0%
YOY Assessed Change ($)
$972
$0
Tax Year
Total Tax
Change ($)
Change (%)
2019
$1,321
2020
$1,340
$19
1.4%
2021
$1,411
$72
5.36%
CHARACTERISTICS
Lot Acres
3.3146
Baths - Total
1
Lot Sq Ft
144,386
MLS Total Baths
1
Land Use - County
Condominium
Baths - Full
1
Land Use - CoreLogic
Condominium
Stories
1
Building Type
Condo Apartment
Heat Type
Hot Water
Style
Condominium
Patio Type
Patio
Year Built
1978
Garage Type
Attached Garage
Bldg Sq Ft - Above Ground
751
Garage Capacity
MLS: 1
Bldg Sq Ft - Finished
751
Garage Sq Ft
231
Bldg Sq Ft - 1st Floor
751
Roof Material
Asphalt
# Buildings
1
Construction
Frame
Total Rooms
4
Exterior
Frame Wood
Bedrooms
1
Quality
Average
FEATURES
Building Description
Building Size
Ppa
120
Property Details
Courtesy of Clint Moll, REcolorado
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Generated on: 05/05/22 Page 1/3
SELL SCORE
Value As Of
2022-05-01 03:23:43
ESTIMATED VALUE
RealAVM™
$264,000
Confidence Score
68
RealAVM™ Range
$237,600 - $290,400
Forecast Standard Deviation
10
Value As Of
04/26/2022
(1) RealAVM™ is a CoreLogic® derived value and should not be used in lieu of an appraisal. (2) The Confidence Score is a measure of the extent to which sales data, property information, and comparable sales support the property valuation analysis process. The confidence score range is 50 - 100. Clear and consistent quality and quantity of data drive higher confidence scores while lower confidence scores indicate diversity in data, lower quality and quantity of data, and/or limited similarity of the subject property to comparable sales. (3) The FSD denotes confidence in an AVM estimate and uses a consistent scale and meaning to generate a standardized confidence metric. The FSD is a statistic that measures the likely range or dispersion an AVM estimate will fall within, based on the consistency of the information available to the AVM at the time of estimation. The FSD can be used to create confidence that the true value has a statistical degree of certainty.
LISTING INFORMATION
MLS Listing Id
IR937113
MLS Close Price
$265,000
MLS Days On Market
7
MLS Listing Contract Date
04/07/2021
MLS Source
IRES
MLS Close Date
05/07/2021
MLS Status
Closed
MLS List Office Name
WK REAL ESTATE
MLS Status Change Date
05/07/2021
MLS List Agent Full Name
Ir520502-Ardee Imerman
MLS Current Price
$254,000
MLS Buyer Agent Full Name
Ir520502-Ardee Imerman
MLS Original List Price
$254,000
MLS Buyer Office Name
WK REAL ESTATE
MLS Listing #
8799820
MLS Source History
REcolorado
MLS Status
Closed
MLS Listing Price
$167,700
MLS Orig Listing Price
$167,700
MLS Listing Close Price
$170,000
MLS Listing Date
09/17/2015
MLS Close Date
10/19/2015
LAST MARKET SALE & SALES HISTORY
Sale Date
05/07/2021
Deed Type
Special Warranty Deed
Sale Price
$265,000
Owner Name
Canfield Robin P
Price per SqFt - Finished
$352.86
Owner Name 2
Canfield James N
Document Number
3886794
Seller
Rona Susan D & Jeffrey A
Sale Date
05/07/2021
10/19/2015
09/09/2008
Sale Price
$265,000
$170,000
Buyer
Canfield Robin P & James N
Rona Susan D & Jeffrey A
Buyer
Canfield James N
Rona Jeffrey A
Seller
Rona Susan D & Jeffrey A
Document Number
3886794
Document Type Title Company
12/17/2002 $130,000
Owner Record
Gensert Ruth B
Gensert Ruth B
Owner Record
Smith Jerry B Trust
3480549
2953944
2373927
Special Warranty Deed
Warranty Deed
Deed (Reg)
Warranty Deed
Fidelity National Title
Land Title Guarantee
Multi/Split Sale Type
Multi
MORTGAGE HISTORY
Mortgage Date
05/20/2021
01/20/2016
04/25/2013
04/21/2004
12/19/2002
Mortgage Amount
$80,000
$127,500
$89,000
$30,000
$104,000
Mortgage Lender
Gateway Mtg Grp
Summit Fndg
Citibank Na
Boulder Municipal Emp s Fcu
United Cap Mtg
Borrower
Canfield Robin P
Rona Jeffrey A
Gensert Ruth B
Gensert Ruth B
Gensert Ruth B
Borrower
Canfield James N
Rona Susan D
Mortgage Type
Conventional
Conventional
Conventional
Conventional
Conventional
Mortgage Purpose
Resale
Refi
Refi
Refi
Resale
Fixed Rate Loan
Fixed Rate Loan
Mortgage Int Rate Type Mortgage Term
30
30
30
23
30
Mortgage Term
Years
Years
Years
Years
Years
Title Company
Land Title Guarantee
Mortgage Date
12/19/2002
Mortgage Amount
$19,425
Mortgage Lender
Boulder Municipal Emps Fcu
Property Details
Courtesy of Clint Moll, REcolorado
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Generated on: 05/05/22 Page 2/3
Borrower
Gensert Ruth B
Borrower Mortgage Type
Conventional
Mortgage Purpose
Resale
Mortgage Int Rate Type
Fixed Rate Loan
Mortgage Term
22
Mortgage Term
Years
Title Company PROPERTY MAP
*Lot Dimensions are Estimated
Property Details
Courtesy of Clint Moll, REcolorado
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Generated on: 05/05/22 Page 3/3
Broker 1 Page 1115 Elysian Field Drive Unit #A, Lafayette, CO 80026 (Status: Closed, Listing ID: 3984845) Close Price: $290,000 County: Boulder List Price: $275,000 Property Type: Residential Original List Price: $275,000 Property Subtype: Condominium Levels: One Basement: No Structure Type: Low Rise (1-3) Year Built: 1978 Subdivision Name: Coal Creek Village Listing Contract Date: 10/13/2021 Purchase Contract Date: 10/16/2021 Contingency: None Known Close Date (DIM): 11/18/2021 Days In MLS: 3 Association: Y Multiple: N Cov/Rest: Y Assoc Fee Tot Annl: $3,324.00 Tax Annual Amt: $1,340 Tax Year: 2020 Tax Legal Desc: UNIT 1115 A ELYSIAN FIELDS FKA UNIT A BLDG 5 COAL CREEK VILLAGE CONDOS Interior Area & SqFt Building Area Total (SqFt Total): 751 Living Area (SqFt Finished): 751 Above Grade Finished Area: 751 PSF Total: $386 PSF Finished: $386 PSF Above Grade: $386 Heating: Baseboard, Hot Water, Natural Gas Cooling: Other HVAC Description: Interior Features: Ceiling Fan(s) Appliances: Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer Flooring: Carpet, Vinyl Exclusions: N/A Bed & Bath Summary Bedrooms Total: 1 Bathrooms Total: 1 Baths Full: 1 Baths Three Quarter: 0 Baths Half: 0 Baths One Quarter: 0 Parking Parking Total: 1 Garage Spaces: 1 Offstreet Spaces: 0 Association Information Assoc 1 Fee/Frequency: $277.00 Monthly Assoc 2 Fee/Frequency: Assoc 3 Fee/Frequency: Assoc Fee Incl: Insurance, Maintenance Grounds, Snow Removal, Trash Assoc Amenities: Senior Community: No Restriction Covenants: Other Pets Allowed: No Rentals Allowed: Long Term Site & Location Information Elementary School: Ryan / Boulder Valley RE 2 Bldg/Complex Name: Middle/Junior Sch: Angevine / Boulder Valley RE 2 High School: Centaurus / Boulder Valley RE 2 Building & Water Information Architectural Style: Contemporary Entry Level/Loc: Common Walls: End Unit Unit Count: Construction Materials: Frame Roof: Composition Exterior Features: Water Included: Water Source: Public Sewer: Public Sewer Public Remarks Conveniently located close to South Boulder Road. This corner condo unit has it all! Well thought out floor plan with great space. Nice front door entrance with area for storing coats and shoes as you enter. Newly renovated kitchen with new cabinets, granite countertop and tile splash back. Breakfast nook/dining area looks onto the outdoor patio, providing options for indoor/outdoor entertaining. ... Confidential Information Private Remarks: Showings start Thursday October 14. 9:00am - 6:00pm. No dogs allowed. There is a service dog in the property. Super friendly. Additional inclusions: TV mount, two window air conditioners Buyer Agency Comp: 2.8% Dual Variable: No Submitted Prosp: No Transaction Broker Comp: 2.8%
List Agent: Maureen McCarthy List Office: RE/MAX of Boulder Email:
maureenm@boulderco.com
Buyer Agent: Nathan King Buyer Office: Realty One Group Premier Colorado Email: NateKing5280@gmail.com Concessions: No Buyer Financing: Conventional
List Agent Phone: 303-817-1282 Mobile: 303-817-1282 Buyer Agent Phone: 970-218-8821 Mobile: 970-218-8821 Close Information
Not intended for public use. All data deemed reliable but not guaranteed. © REcolorado 2022.
Generated on: 05/04/2022 9:03:42 PM
Full Property View - Client
1115 Elysian Field Drive Unit #A, Lafayette, CO 80026
----
$290,000 - Closed
This search was narrowed to a specific set of Properties. Property Type is 'Residential' Mls Status is 'Active' Mls Status is 'Closed' Status Contractual Search Date is 05/04/2022 to 11/05/2021 Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' Comparable Listing YN is no Latitude, Longitude is within 0.38 mi of 1111 Elysian Field Dr B, Lafayette, CO 80026, USA
Listings as of 5/4/2022 at 8:05 pm, Page 1 of 1
Market Analysis Summary | Residential Listing ID Address
City
Bds
Bths
Abv
Ttl
Close
Fin
PSF Abv
PSF Ttl
$386
$386
PSF Fin
DIM
Orig Price
List Price Close Price CP/OLP
Listings: Closed 3984845 1115 Elysian Field DR #A
Closed Total: 1
1
Total Listings
Lafayette
1
1
751
751
751 11/18/21
Min
751
751
751
$386
$386
Max
751
751
751
$386
Avg
751
751
751
Med
751
751
Average for all:
751
Median for all:
751
Min
Quick Statistics
3
275,000
$386
3
$275,000
$275,000
$290,000
105%
$386
$386
3
$275,000
$275,000
$290,000
105%
$386
$386
$386
3
$275,000
$275,000
$290,000
105%
751
$386
$386
$386
3
$275,000
$275,000
$290,000
105%
751
751
$386
$386
3
$275,000
$275,000
$290,000
751
751
$386
$386
3
$275,000
$275,000
$290,000
Max
Avg
$386
Med
List Price
$275,000
$275,000
$275,000
$275,000
Sale Price
$290,000
$290,000
$290,000
$290,000
Sale / List
105%
105%
105%
105%
Presented By: Clint Moll All data deemed reliable but not guaranteed. Copyright REcolorado © 2022. All rights reserved. REcolorado.com
$275,000 $290,000
105%
at Keller Williams Integrity
INTELLIGENT PRICING & TIMING Pricing a home for sale is as much art as science, but there are a few truisms that never change. ☐ ☐ ☐
Fair market value attracts buyers, overpricing never does. The first two weeks of marketing are crucial. The market never lies, but it can change its mind.
ASKING PRICE
PERCENTAGE OF BUYERS
+15%
10%
+10%
30%
Market Value
60%
-10%
75%
-15%
90%
Fair market value is what a willing buyer and a willing seller agree by contract is a fair price for the home. Values can be impacted by a wide range of reasons but the two largest are location and condition. Generally, fair market value can be determined by comparables - other similar homes that have sold or are currently for sale in the same area. Sellers often view their homes as special which tempts them to put a higher price on the home, believing they can always come down later, but that’s a serious mistake. Overpricing prevents the very buyers who are eligible to buy the home from ever seeing it. Most buyers shop by price range, and look for the best value in that range.
ACTIVITY
at Keller Williams Integrity
1
2
3
4
5
6
TIME ON MARKET (IN WEEKS)
Your best chance of selling your home is in the first two weeks of marketing. Your home is fresh and exciting to buyers and to their agents. With a sign in the yard, a description in the local Multiple Listing Service, distribution across the internet, open houses, broker’s caravan, ads, and email blasts to your listing agent’s buyers, your home will get the greatest flurry of attention and interest in the first two weeks. If you don’t get many showings or offers, you’ve probably overpriced your home, and it’s not comparing well to the competition. Since you can’t change the location, you’ll have to improve the home’s condition or lower the price. Consult with your agent and ask for feedback. Perhaps you can do a little more to spruce up your home’s curb appeal, or perhaps stage the interior to better advantage. The market can always change its mind and give your home another chance, but by then you’ve lost precious time and perhaps allowed a stigma to cloud your home’s value. Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value.
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