# of Closed Sales: 18
Average Days on Market for Solds: 63
Median Sales Price: $1043750
# of news listings: 1
Months of Inventory Last Month: 4
The market in Dakota Ridge (including Northbriar and Trailridge Subdivisions) continues to be strong for the first half of 2017. There have been 18 single family sales through the first 6 months with a median price of $1,043,750, compared to a total of 35 sales in 2016 with a median sales price of $995,000, a 4.6% increase in 2017.
Right now the market favors sellers especially because the inventory levels are low. However, if you look closely at the data, some homes are going under contract quickly, and some are sitting on the market for periods of time that are unusual in this strong market. Pricing is very important in this market. If price/size/quality/location do not add up in the proposed price the home will sit on the market.
I think we will continue to see a strong seller’s market through the end of the year, especially if inventory levels stay low. The neighborhood housing stock is relatively new by Boulder standards, and the location next to the foothills with easy access to open space and trails make it a great location to live.
Selling or buying a home in this market requires a skilled Real Estate professional. Please let me know if I can help.