The year ended more slowly than I thought it would. December sales for all types of real estate were down 9% for the month. This pulled the year end total 4% behind 2010.
Sales of single family homes were down 13% for the month. Looking back, the only other December in recent history that had sales under 200 units was 2008. As I recall the later months of 2008 the optimism was not high. However, I am excited for the possibilities of 2012. I expect to have a great year selling real estate. Interest rates continue to be favorable and the overall economy is gaining traction. Locally, business seem to be doing well and people keep moving to town. If you are considering a move to the Boulder area I would love to show you why buying real estate in this area is a great investment.
Here are the charts showing the monthly sales activity for Boulder County. Also, included are weekly trends of homes going under contract, total inventory trends and percentage of homes under contract on a monthly basis. For all of your real estate needs call me, I’d love to help.