Lafayette, Colorado Real Estate and Relocation Information

Lafayette had its origins with Mary Miller, an early settler, who owned the land on which the largest coal discovery in the area was found. She platted her 150-acre ranch and called it Lafayette after her late husband, Lafayette Miller. Coal mining led the local economy for 50 years until decline in the industry caused the town to languish.

It wasn’t until the boom in the metro area’s population in the 1990s and the flourishing of the northwest technology center along the Boulder Turnpike that Lafayette grew to what it is today, a sophisticated suburban community of 25,000+ with a charming Old Town main street, tree-lined residential areas, parks and abundant recreational opportunities, including the Indian Peaks Golf Course, a Hale Irwin Signature course, and the Coal Creek Golf Course in Louisville.

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Lafayette, Colorado Real Estate

• Lafayette real estate varies from modest ranch homes selling for close to $200,000 to lavish million dollar homes on the golf course. Average price is in the $350,000 range.
• Lafayette condos and townhomes start in the low $100,000s for a small one-bedroom, one-bath condo up to nearly $300,000 for a spacious three-bedroom, four-bath townhome. Average price for a condo or townhome is $184,000.

Lafayette Real Estate Prices for January 2008
(data from August 1, 2007 to January 31, 2008)

68 detached single family homes were sold with a median list price of $330,450. On average homes took 97 days to sell and sold for a median price of $321,000. Median price is a better measure of sold price than average, which is skewed by a few high-priced homes at the top end and low-priced homes at the bottom. Lowest sold price for detached single family homes was $57,000; highest sold price was $1,090,000. For condos and townhomes (attached family homes) the lowest sold price was $78,000 while the highest was $274,900. The median sold price was $161,000, and the average was $171,058.
 
The ratio of sold to list price was 96.96% for detached homes. The ratio of sold to original price was 93.41% , which means that sellers are still listing homes at too high a price The net sold (after seller concessions such as down payment or closing cost assistance, and the like) to original list price was 93.03%. To simplify, if a seller originally listed their home at $300,000 they realized $279,090 from the sale.
 
By the time the seller finally reached a marketable price after having listing it too high, the sold to list ratio improved to 96.96%, and the net sold to list price was 96.58%.

Lafayette, Colorado Shopping and Restaurants

• Flatiron Crossing in nearby Broomfield provides many shopping opportunities. Dillard’s, Nordstrom’s and Macy’s anchor the indoor/outdoor mall, and 100+ specialty shops plus Borders Books and a 14 screen movie theater add to the shopping experience.
• For a small community, Lafayette boasts numerous restaurants. One of the best is Pulcinella Ristorante (Cannon and Public Road), which is a delightful new upscale Italian restaurant. Chef Tony Race spares no effort or expense to provide fine Italian dining. The best gorganzola cheese I’ve tasted to go with insalate spinaci. Moderately priced, lunch Monday through Friday; dinner all week till 10 p.m.
• Another restaurant not to miss is Moongate, an “Asian fusion” eatery with delectable food presented elegantly. The ambience is creatively charming.

Lafayette, Colorado Zip Codes

• 80026

Lafayette, Colorao Hospitals/Medical Centers

• Exempla Good Samaritan Medical Center

Lafayette, Colorado Weather

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