The Louisville, Colorado Real Estate Market Has Reached its Peak!

This is my opinion—-

I’ve noticed this year a number of homes in Louisville have gone on the market well over $1M but not many of them are selling at that price.  A lot of Sellers have been pushing the envelope listing their home in the $1.2M to $1.5M range in Louisville, Colorado.  Since January 1st of this year only one resale home in Louisville has sold for over $1M and it was just barely at $1,013,824. (The newly built houses on Hutchinson Street were all listed below $1M but some of them did sell over $1M once all updates and finishes were chosen.)

I am predicting a slow down in the Louisville Colorado real estate market next year.  A few factors–election year with candidates that make everyone nervous–builders are building like crazy so supply is going to catch up with demand–and we’re going to start seeing a lot of people moving out of Louisville and buying new construction in Lafayette/Erie areas so this will increase the resale supply in Louisville.

Louisville has reached its peak.  It’s still going to remain a good investment but no one is going to pay over $1M for older homes which are not updated.  Better options in Boulder/Niwot/Erie at those prices.  Two years ago I helped a Buyer buy a newly built home in Old Town Louisville for $1.1M.  I don’t see many homes like that on the market this year in Louisville.

If you have any thoughts feel free to contact me to share your opinion.

Mario Jannatpour

Mario Jannatpour





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