I am in the midst of preparing for a market analysis of a large home and found the following information of interest. Compared to first quarter 2009, sales in Boulder County are up 25% in total. But looking a little more closely gives an interesting insight. Sales of properties $250,000 and below are up 21%. Sales of properties between $250,000 and $400,000 are up 12%. Sales of properties priced between $400,000 and $800,000 are up 64%. Sales between $800,000 and $1.2 million are exactly the same as they were last year. And finally, despite the increase in overall activity, sales of properties priced above $1.2 million are down 27% from first quarter 2009 and down 62% from 2008.
The market is recovering and we are seeing good activity in the market, but luxury buyers are for the most part still sitting on their wallets.
This information is presented graphically along with first quarter sales by area below.