Recent headlines have stated that sales for the first quarter in Boulder fell 50%.  It is true, numbers don’t lie, but the headline was vague.  I’d like to clarify this information a bit, by breaking down the first quarter statistics in Boulder, Colorado into more manageable chunks.

The tables below show first quarter data for closed sales in the City of Boulder.  The yellow box shows all sales within the city, both condos and single family homes.  The green box shows single family home sales and the blue box shows condo sales.  Combined sales were down 35%, single family sales were down 50% and condo sales were down just 15%.

What this information brings to light is the strength in the lower price ranges.  Sales of condos below $500,000 (which includes 85% of all sales) was down just 13% and sales of single family homes in the same range were down 44%.  I thought this breakdown was interesting, I hope you agree.  Leave a comment if there is a segment of the market you would like shown in detail.

Combined
2008 2009 Change
<$550K 160 120 -25%
$500 – $750K 63 33 -48%
$750K – $1MM 21 10 -52%
$1MM – $1.25MM 5 3 -40%
$1.25MM – $1.5MM 9 6 -33%
>$1.5MM 12 4 -67%
Total 270 176 -35%
Single Family
2008 2009 Change
<$550K 62 35 -44%
$500 – $750K 51 24 -53%
$750K – $1MM 20 8 -60%
$1MM – $1.25MM 4 3 -25%
$1.25MM – $1.5MM 8 3 -63%
>$1.5MM 8 3 -63%
Total 153 76 -50%
Condos
2008 2009 Change
<$500K 98 85 -13%
$500 – $750K 12 9 -25%
$750K – $1MM 1 2 100%
$1MM – $1.25MM 1 0 -100%
$1.25MM – $1.5MM 1 3 200%
>$1.5MM 4 1 -75%
Total 117 100 -15%
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