This content was originally published by the Longmont Observer and is licensed under a Creative Commons license.
"While some REALTORS® are reporting signs of slowing, those signs have yet to be reflected in the numbers," states Steve Danyliw, Chairman of the DMAR Market Trends Committee and Denver real estate agent in a press release.
"Prices remain hot as both median and average prices continue at double digit gains", says Danyliw.
Houses are staying on the market for an average of 18 days, which tied a record-low for any month.
The month of May also saw a three year high of new listing inventory at 6,437 total units. Sold listings increased by 6.45 percent compared to April and dropped 10.89 percent since May 2017. "Year to date, we've sold 21,199 homes - down 3.43 percent from 2017," states Danyliw.
Condos average 16 days on the market compared to 19 days in April.
According to Danyliw, "The most active price segment for the single-family market for May was the $300,000 to $399,999, and $200,000 to $299,999 for condos."
"As we look at the single-family home market, the average sold price increased 0.1 percent month over month to $540,624, while the median price also decreased 0.88 percent to $451,000. The year-to-date average sold price hit $523,255 for the single-family home market, up 10.96 percent from last year, with the median sold price at $442,450 and up 9.25 percent. The condo market continues to outperform single-family with the average sold price of $356,337, representing a 12.86 percent increase over 2017. The median price of condos sold increased by 12.96 percent year over year to $305,000."
Longmont Jazz Association Announces 2018 Jazz Festival Lineup
Written and first published on Visit Longmont: The Longmont Jazz Association has announced the 2018 lineup for the 20th Annual Longmont Jazz Festival. This year’s festival will be held on Saturday, July 21 in downtown Longmont along 5th Avenue. This free, outdoor, daylong concert celebrates the music and culture of jazz.
The Longmont Jazz Association continues its efforts on growing this popular festival into a destination event for the local community, and they are proud to announce Ritmo Jazz Latino, a 2017 nominee for Denver’s Best Jazz Group, as this year’s headliner.
New this year – the festival is moving! The Longmont Jazz Festival has previously taken place in Roosevelt Park, but this year it will be moved to downtown Longmont. The Longmont Jazz Association has moved the jazz celebration into the heart of the thriving Certified Creative District. This year’s festival will be held along 5th Avenue close to restaurants, shops and more!
Longmont Jazz Festival 2018 Lineup
10:55 a.m. — 11:40 a.m. The Longmont All Star Jazz Band
Noon — 1 p.m. Joe Smith and the Spicy Pickles
1:20 p.m. — 2:20 p.m. Robert Johnson and the Mark Diamond Trio
2:40 p.m. — 3:40 p.m. The Steve Kovalcheck Trio
4:00 p.m. — 5:10 p.m. Mistura Fina
5:30 p.m. — 6:40 p.m. The Fat City Mardi Gras Band
7:00 p.m. — 8:30 p.m. Ritmo Jazz Latino
The Longmont Jazz Association is a 501(c)(3) nonprofit organization dedicated to promoting the jazz arts by supporting jazz musicians and jazz education in and around Longmont and Boulder County. For more information about the Longmont Jazz Association and the Longmont Jazz Festival, please visit http://www.longmontjazz.com/.
