Single-Family Homes
Tue Feb 19 2019
This week the median list price for Larkspur, CO is $917,499 with the market action index hovering around 33. This is less than last month's market action index of 36. Inventory has held steady at or around 24.
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Today |
Last Month |
Slight Seller's Advantage
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Median List Price | $917,499 | |
Per Square Foot | $185 | |
Days on Market | 170 | |
Price Decreased | 25% | |
Price Increased | 4% | |
Relisted | 13% | |
Inventory | 24 | |
Median House Rent | $2,800 | |
Most Expensive | $4,650,000 | |
Least Expensive | $610,000 | |
Market Action Index Slight Seller's Advantage | 33 |
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$3,597,500 | 8,839 | N/A | 5 | 5 | 21 | 1 | 1 | 264 |
$1,159,500 | 6,250 | 2.5 - 5 acres | 5 | 4 | 17 | 0 | 0 | 232 |
$854,950 | 5,284 | 1 - 2.5 acres | 4 | 3 | 15 | 2 | 0 | 112 |
$682,700 | 4,284 | 1 - 2.5 acres | 3 | 2 | 10 | 0 | 1 | 74 |