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 354 225
Average Sales Price $316,612 $357,982 +13%
Median Sales Price $299,460 $335,000 +11.8%
Average Days to Contract 30 31 +3.3%

 

(Attached Dwelling – % Under Contract)

ATTACHED DWELLINGS Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
UNDER $500k                 71% 79% 64% 64% 54%
$500K +                 62% 57% 43% 54% 42%
OVERALL         58% 65% 60% 76% 70% 76% 61% 63% 53%

 

(Attached Dwelling – Inventory)

ATTACHED DWELLINGS Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
LONGMONT 93 96 89 30 59 63 69 75 86 96 98 97 95

 

(Attached Dwelling – # Sold)

ATTACHED DWELLINGS Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
LONGMONT 45 17 23 30 24 19 20 21 23 26 39 21 35

 

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

ATTACHED DWELLINGS Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
LONGMONT         2.1 2.39 3.11 3.28 2.77 4.33 3.97 3.88 3.45