Price Per Square Foot is Climbing

Louisville is seeing the price per square foot climbing for homes listed on the market now that summer is almost here.  It’s an important indicator that I track and its vital for both buyers and sellers to know and understand before stepping into negotiations.

I’m always tracking details like this for my clients and today I found an interesting new listing that I’ll share with you.

853 W. Linden is in the Hillsborough West subdivision of Louisville and is a bi-level floor plan found throughout this side of town.  This home has been nicely updated and remodeled to give an open, bright floor plan and is within easy walking distance of Coal Creek Elementary.  With an asking price of $399,900 however, it will set the record for this 1850 square foot bi-level foot floor plan if it sells for list price.

Here’s a quick look at two comparable homes sold within the last few months compared to our newest listing.

  •  850 W. Willow | $318,500 sold price | $171 price per square foot
  • 840 W. Willow  | $347,500 sold price | $187 price per square foot
  • 853 W. Linden  | $399,999 asking price | $216 price per square foot

As you can see there is a pretty hefty jump in the price per square foot.  However, this home has a beautiful new kitchen with cherry cabinets and granite slab counters. All the popcorn style ceilings have been updated, there are hardwood floors throughout the entire upper level and new carpet in the lower level.    Its a very lovely home and someone will love living here once the price is negotiated. You can see a quick video I made of the home here.  And as always, I’ll keep you updated once it sells.

 

I am a Boulder County real estate specialist. Over the past three years, I have earned the distinction of being named a 5280 Five Star Realtor. This puts me in the top 7% of all Realtors in the Denver Metro Area for customer satisfaction. If you would like to schedule a buyer or seller meeting with me, please feel free to call me at 303-579-1617 or contact me by email.

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