Longmont Monthly Market Update – Condominium/Townhome

City of Longmont Condominium/Townhome (Attached)

Information provided by IRES and Metrolist Information Services.

YTD Comparison:

LONGMONT ATTACHED DWELLINGS 2017 YTD 2018 % Change
Total Units Sold 354 320
Average Sales Price $316,612 $354,098 +12%
Median Sales Price $299,460 $331,625 +11%
Average Days to Contract 30 28 -6%

(Attached Dwelling – % Under Contract)

ATTACHED DWELLINGS Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

UNDER $500k           71% 79% 64% 64% 54% 46% 48% 20%
$500K +           62% 57% 43% 54% 42% 33% 11% 13%
OVERALL   58% 65% 60% 76% 70% 76% 61% 63% 53% 45% 44% 20%

 

(Attached Dwelling – Inventory)

ATTACHED DWELLINGS Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

  30 59 63 69 75 86 96 98 97 95 113 116 73

 

(Attached Dwelling – # Sold)

ATTACHED DWELLINGS Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

  30 24 19 20 21 23 26 39 21 35 24 27 44

 

(Attached Dwellings – Absorption Rate in Months) Based off 6-month sales average

ATTACHED DWELLINGS Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

    2.1 2.39 3.11 3.28 2.77 4.33 3.97 3.88 3.45 4.04 4.5 2.31