Louisville, Colorado Real Estate and Relocation Information

Louisville, lying along the Boulder Turnpike technology corridor about 6 miles east of Boulder and 25 miles northwest of Denver, was first settled in 1877 as a coal town, though not owned by the coal mine as many coal towns were. The town’s name, not to be confused with Louisville, Kentucky (it’s pronounced “Lewisville,” not “Louieville”), was named for its founder, Louis Nawatny who owned land and had it platted as a town. It was officially incorporated on June 16, 1882.

The mine is gone now, as is any hint of mining. culture save for the Miners’ Memorial Statue in front of City Hall, and the memorabilia on the walls of the Blue Parrot Restaurant on Main Street, a Louisville institution in operation since 1919.

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Louisville, Colorado Real Estate

Real estate in Louisville runs from older homes near the old town to lavish newer subdivisions backing to open space.

• Median to average price for a 3 bedroom, 3 bath home, 1600 square foot home with a two car garage and a yard is from $350,000 to $354,000. Louisville homes start out in the low $200,000s and go up to $600,000+.
• Louisville condos and townhomes range from $110,000 to $350, with an average sale price of $208,000.

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

45 detached single family homes were sold with a median list price of $350,000. On average homes took 51 days to sell and sold for a median price of $344,500. 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 $175.000; highest sold price was $715,500. For condos and townhomes (attached family homes) the lowest sold price was $63,000 while the highest was $211,500. The median sold price was $167,750, and the average was $164,990.
 
The ratio of sold to list price was 97.55% for detached homes. The ratio of sold to original price was 85.00%, 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 84.76%. To simplify, if a seller originally listed their home at $350,000 they realized $296,660 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 97.55%, and the net sold to list price was 97.27%.

A Frommer’s “Best Place to Live” Community

Louisville has grown from hard-working coal town to ultra-modern suburb, noted as number one in Frommer’s Best Places to Raise Your Family: The Top 100 Affordable Communities in the U.S. One of the authors of the study, Peter Sander, said, "It's how the pieces of the puzzle all fit together…The area has a great combination of setting, education, housing, local employment, comfortable climate and community feel." A new library adds to the town’s hometown feel. Louisville’s population is about 20,000.

Louisville Parks and Recreation

The town provides a modern recreational center that houses a pool, raquetball courts, steam room, sauna, weight and workout rooms, indoor track, outdoor inline skating rink, tennis courts, skate park, and a senior center. The award-winning Coal Creek Golf Course is located south of town and affords great golfing to residents and visitors alike. 1,700 acres of open space and rolling, country roads on the north side of town are popular for walking and road cycling.

Louisville shopping and Dining

Apart from the Blue Parrott mentioned above, old town Louisville has a number of restaurants for coffee, lunch or dinner. Nearby Flatiron Crossing Mall provides more opportunities for dining. Superior and Lafayette, communities close to Louisville, provide a variety of restaurants.

Flatiron Crossing Mall, one of the metro area’s newest shopping venues, hosts Nordstrom’s, Dillard’s and Macy’s and many other stores, including a movieplex in the indoor/outdoor center.

Louisville, Colorado Zip Codes

• 80027

Louisville, Colorado Hospitals/Medical Centers in Area

• Centura Health-Avista Adventist Hospital
• Boulder Community Hospital (about 8 miles, Boulder)
• Centura Health-St. Anthony North Hospital (about 11 miles, Westminster)

Louisville, Colorado Weather

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