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Townhome listings spike in Longmont

The number of attached home listings is far higher this year compared to early 2022, according to a new market report.
Home For Sale Real Estate Sign in Front of New House.

Buyers who are searching for townhomes in Longmont have many more options than they did a year ago, according to a new real estate report.

There were 126 attached home listings in January, compared to 15 in January 2022, data from the Longmont Association of Realtors shows.

Kyle Snyder, a real estate market analyst with the financial services company First American Title, said Longmont’s construction boom is behind the high townhome inventory.

“Those are mainly in two areas of town — the southwest part of town and the east part of town by Fox Hill — there are two subdivisions that seem to be going in at the same time,” Snyder said.

Most of the townhomes listed for sale are not move-in ready, however — only 30 are fully built. But that’s not holding buyers back — sellers have accepted offers on roughly half of the 126 January townhome listings, Snyder said.

The average price of a Longmont townhome in January was $496,201 — up $67,806 from $428,395 in January 2022, according to the report.

“That’s another factor of new home construction — they’re just more expensive,” Snyder explained.

Prices are also increasing because of climbing prices in the rest of Boulder County, he said.

“Lafayette, Louisville, Boulder — you can see how much more expensive they are than Longmont. So people are going, ‘wow that’s a lot — where else should we look?’ and they look at Longmont and say ‘I can get the same house for $200,000 less? Let’s do it.’”

Snyder said he’s relieved to see new townhomes hitting the market.

“It provides some options, and we literally have a housing crisis in the area — there’s not enough housing,” he said.

Attached homes are spending, on average, 69 days on the market, compared to 22 days in January 2022, according to the report.

The year-over-year inventory increase for single-family homes was not as stark — there were 80 active listings in January 2022 and 128 listings last month. The average sale price of a single-family home in January was $616,305, compared to $619,021 a year ago.


Amber Fisher

About the Author: Amber Fisher

I'm thrilled to be an assistant editor with the Longmont Leader after spending the past decade reporting for news outlets across North America. When I'm not writing, you can find me snowboarding, reading fiction and running (poorly).
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