303.818.4055 Neil@KearneyRealty.com

Boulder County – Weekly Activity Index

by | Jul 9, 2009 | Boulder County Housing Trends, Statistics

# New Price Drops # U/C # Sold Median $ of Sold
30-Apr 166 142 125 81 $ 317,900
7-May 182 170 141 90 $ 294,700
14-May 211 170 126 46 $ 301,950
21-May 220 169 140 92 $ 275,950
28-May 167 165 137 66 $ 272,450
4-Jun 213 204 131 141 $ 324,500
11-Jun 210 198 155 74 $ 296,400
18-Jun 222 191 125 94 $ 339,950
25-Jun 178 223 131 100 $ 339,900
2-Jul 163 158 132 150 $ 299,000
9-Jul 157 181 102 81 $ 332,900

 

You know when you are driving down the highway at full speed but your gas light has been on for awhile and you begin to regret passing the last gas station?  You are still moving along with no outside indications of slowing down but you have a growing feeling that something needs to come up to keep you rolling along, and fast.  So it is with the local real estate market, at least from my seat.  Markets are all about momentum and I have the vague feeling that we have lost some of the momentum we have been enjoying over the past two months.  It may be just a  passing feeling, a bit of a 4th of July weekend slowdown, but I’m not so sure.

The chart above shows weekly market activity for the month in Boulder County since the end of April.  This past week we saw the fewest number of properties go under contract in the past 11 weeks.  Showings are also lagging.  My advice to sellers is to take advantage of the market now by pricing your homes to sell, before you know it, the summer selling season will be over.

Boulder County Real Estate Sales Data – 2nd Quarter 2009

by | Jul 7, 2009 | Boulder County Housing Trends, Statistics

June sales were up 25% from May but down roughly 15% from a year ago.  This might not seem to be good news but June was actually a strong month for the Boulder County real estate market.  Through May, sales were down 34% and in June the YTD number was cut by 6%.  Not a 180 degree turn around but small steps are good too. 

The median price for sales in June were also very strong.  The median price for single family properties sold during the month was $379,000, up from $318,000 in June.  This doesn’t mean that prices jumped, it simply means that more, higher priced homes sold.

 

The following tables show comparative YTD sales data from both single family and condos sold 1st and 2nd quarters in Boulder County.  Look at the relative strength in the Superior Market.

First Half of 2009
2008 2009 Change
? $250,000 810 630 -22%
$250,001 – $400,000 673 494 -27%
$400,001 – $800,000 598 368 -38%
$800,001 – $1,200,000 82 55 -33%
? $1,200,000 61 38 -38%
Combined 2224 1585 -29%
First Half of 2009
2008 2009 Change
Boulder 786 529 -33%
Louisville 142 118 -17%
Lafayette 198 129 -35%
Longmont 646 477 -26%
Suburban Mountains 119 83 -30%
Suburban Plains 293 200 -32%
Superior 74 72 -3%

 

Boulder County Weekly Real Estate Activity Index

by | Jul 2, 2009 | Boulder County Housing Trends, Statistics

# New Price Drops # U/C # Sold Median $ of Sold
30-Apr 166 142 125 81 $ 317,900
7-May 182 170 141 90 $ 294,700
14-May 211 170 126 46 $ 301,950
21-May 220 169 140 92 $ 275,950
28-May 167 165 137 66 $ 272,450
4-Jun 213 204 131 141 $ 324,500
11-Jun 210 198 155 74 $ 296,400
18-Jun 222 191 125 94 $ 339,950
25-Jun 178 223 131 100 $ 339,900
2-Jul 163 158 132 150 $ 299,000

 

This past week included the end of the month and closings always peak at the end of the month.  So it was good to see a record number of closings since I started this report back in April.  The number of homes that went under contract continued to hold strong, which is great news.  Fewer homes hit the market this past week than any week since April.  This coming week should be a little slow due to the 4th of July weekend.