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Lake Valley Real Estate Market Stats

Through December 2019

Take a deeper look at the Lake Valley real estate data.  Where possible, we will drill down to data for individual neighborhoods and property types and help you understand what the data really means. Data is sourced from MLS listings (IRES) and provided by Boco Realty LLC. 

Sales Price

5-year historical data showing the Median Sales Price for Lake Valley. “Median” sales price is calculated by organizing every sale from high to low and then taking the sale price in the middle of the data set.  Using this metric, half the sales will be above the median and half will be below the median sale price. The “median” sales price will differ from the “average” sales price and is viewed as a more stable way to view market data.

5-year historical data showing the Average Sales Price for Lake Valley. “Average” sales price is calculated by adding all the sale prices together and dividing by the number of sales. 

5-year historical data showing the Median Sales Price for Detached Dwellings in Niwot, broken down into Different Size (SQFT). This will give you a better feel for the single family home market based on the SQFT of the home.

Sales Price Per SQFT

3-year historical data showing the Median Sales Price Per Square Foot for Lake Valley.

5-year historical data showing the Average Sales Price Per Square Foot in Lake Valley.

5-year historical data showing the Median Sales Price Per Square Foot for Detached Dwellings in Lake Valley, broken down by the Size of the Detached Dwelling.

Inventory

5-year historical data showing the Inventory Levels for Lake Valley. 

Days On Market

5-year historical data showing the Median Days On Market for Lake Valley.

5-year historical data showing the Average Days On Market for Lake Valley. Note that this is average days and not median days.

3-year historical data showing the Median Days On Market for Detached Homes in Niwot, broken down by Size (SQFT).

Sales

3-year historical data showing the Total Number of Closed Sales for Lake Valley.

3-year historical data showing the Total Dollar Value of Closed Sales for Lake Valley. 

Boulder County Real Estate Market Data Courtesy of Boco Realty LLC

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How Does The Current Market Impact Your Home Value?

Real Estate Stats

“Median” sales price is calculated by organizing every sale from high to low and then taking the sale price in the middle of the data set.  Using this metric, half the sales will be above the median and half will be below the median sale price. The “median” sales price will differ from the “average” sales price and is viewed as a more stable way to view market data.

In a world of supply and demand, low inventory usually pushed prices up as there is more competition for fewer homes, often resulting in bidding wars. Conversely high inventory numbers gives buyers more choice and usually pushed prices down.

The longer a home sits on the market the more likely there will be a price drop. If a home doesn’t sell it’s usually because it is priced too high or it has a defect or condition that limits its appeal to buyers. 

Residential real estate uses recent and similar comparative sales as the primary indicator of value for a home. But many buyers look at cost per square foot as a marker of value. You should use both to help calculate the value of a home.