Longmont Monthly Market Update – Condominium/Townhome

City of Longmont Condominium/Townhome (Attached)

Information provided by IRES and Metrolist Information Services.

(Rolling 12-Month Comparison)

LONGMONT ATTACHED DWELLINGS 2017 YTD 2018 % Change
Total Units Sold 354 119
Average Sales Price $316,612 $349,644 +10.4%
Median Sales Price $299,460 $328,362 +9.6%
Average Days to Contract 30 32 +7%

 

(Attached Dwelling – % Under Contract)

ATTACHED DWELLINGS May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
UNDER $500k                       71% 79%
$500K +                       62% 57%
OVERALL               58% 65% 60% 76% 70% 76%

 

(Attached Dwelling – Inventory)

ATTACHED DWELLINGS May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
LONGMONT 98 109 112 93 96 89 30 59 63 69 75 86 96

 

(Attached Dwelling – # Sold)

ATTACHED DWELLINGS May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
LONGMONT 40 19 29 45 17 23 30 24 19 20 21 23 26

 

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

ATTACHED DWELLINGS May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
LONGMONT               2.1 2.39 3.11 3.28 2.77 4.33