by Neil Kearney | Feb 15, 2016 | Boulder County Housing Trends, Statistics
The real estate market is off to a strong start in 2016. We are still seeing multiple offers situations and although inventory of available homes is still very low, it is slowly starting to increase. Sales in January were down slightly from a year ago but that has much to do with the fact that there wasn’t much to look at in December. At the end of February there were roughly 960 properties listed for sale in Boulder County (600 fewer listings than agents) and 52% of those listings already had a contract on them.
View the annotated slideshow below to see the long term trends in Boulder County real estate.
by Neil Kearney | Feb 15, 2016 | Listings
I’ve listed a very bright and clean two bedroom condo in NE Boulder at 3395 Talisman Unit D for $285,000. It has 880 total square feet and includes a detached garage, a storage unit and a large deck. The condo looks great with new paint and carpet throughout. One car detached garage, storage closet, full sized washer and dryer, wood burning fireplace and a large deck. HOA has an outdoor pool as well as a racquetball court and clubhouse. The condo actually went under contract before I could get it posted on my website. Here are a few photos.
by Neil Kearney | Feb 10, 2016 | Boulder County Housing Trends, Statistics |
Total Sales: 2015 was a very strong year for real estate in Boulder County. This was especially true for houses in the luxury market. Sales of homes priced $1 million dollars and up were up 24% during 2015. During the year 366 properties sold during the year, this represented roughly 6.5% of all sales. This is the continuation of a strong upward trend that has been on the upswing since 2009. The chart below shows the number of million dollar sales in Boulder county since 2004.
There are two factors that have lead to the increases in this market. 1) Organic price appreciation. 2) Houses are being improved, rebuilt and upgraded. The fact is that the housing percentage of luxury homes that exist in Boulder County has never been higher. Old homes are being improved all the time.
Sales Mix: The median price of all sales over $1 million in 2015 was $1,325,000. The chart below shows where the sales were on the price spectrum. This shows that a majority (68% to be exact) of the sales in the luxury price range sold for $1.5 million or below. 14% sold for $2 million or above.
Inventory Comparison: Currently, there is a serious shortage of homes on the market in Boulder County. But this is not necessarily the case in the luxury price range. NAR (National Association of Realtors) defines a balanced market as one having 6 months of inventory on the market (this measure is derived by dividing current inventory by the average of homes that sell during a month). Overall, Boulder County currently has 2.42 months of inventory. A definite sellers market. The table below breaks this out by price range. The inventory in months in on the far right and is color coded. Green = Sellers Market; Yellow = Balanced Market; Red = Buyers Market.
by Neil Kearney | Feb 8, 2016 | Listings
Great Gunbarrel Home For Sale
4602 Tally Ho Trail – $615,000
For all of the details and photos visit www.4602TallyHo.com
This home has been lovingly maintained & upgraded over the years. The home is super clean & features newly refinished hardwood floors, fresh paint and carpet throughout, vaulted ceilings in the living and dining areas and a finished basement with a rec-room, 4th bedroom and a remodeled bathroom. The good sized back yard includes a nice deck. The home includes an owned 6.59 kw solar system that provides all of the electricity the home needs, and then some. You will also find a newer roof, newer furnace and a newer electric water heater. Neighborhood pool is around the corner. Choice of either Fairview or Boulder High. Located approximately 6 miles from downtown Boulder.
by Neil Kearney | Jan 29, 2016 | Listings
4499 Dallas Place – $640,000
Great Boulder location! End of cul-de-sac location and within a short walk of Eisenhower Elementary. Very open floor plan with vaulted ceilings and good light, three bedrooms upstairs and an unfinished basement. The house is in need up cosmetic updating but it’s priced right and has good light and a nice open plan that opens up to the patio and backyard. Roof, furnace, A/C and water heater are newer.
To view all of the photos and details go to www.4499Dallas.com
Under Contract with Multiple Offers In Four Days!
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