Boulder Real Estate Year In Review
Median Prices of Attached Dwellings
The word that characterizes the prices of attached dwellings in Boulder County during 2007 is flat. Overall the median prices of condos and townhomes county wide for the year was exactly the same as the previous year.
This is an interesting fact since there were many expensive condos coming online during the year and these sales did not move the median prices up. I know that many condo developments saw price drops during the year and many older complexes are 10% below their peak a few years ago. Attached dwellings actually did well in the number of sales for the year (just about equalling last year) and the inventories have been dropping. I think these along with a stronger rental market are good indicators for an upswing in values over the next 12 – 15 months. Here are the 1 year changes in the median prices in select areas.
City of Boulder – No change
City of Louisville – +14% (New, expensive loft development added to a small market)
City of Lafayette -2.6%
City of Longmont – +1%
Entire Boulder County – No Change