by neil kearney | Aug 6, 2007 | Statistics
Inventory Report
The total volume of sales is down roughly 12% from last year. We are still having a reasonable year, especially when compared to other parts of the country where prices are falling by the month. Another result of the slower market are increased inventories. I measure inventory by how long it will take to sell a home in a market given its historical sales rate. The chart below shows the inventory in months in some local communities across time. I have compared the most recent data to figures I have from end of year 2005 and 2006. You can see that in each community the inventory has increased, sometimes substantially. For
instance, the inventory for single family homes in the City of Boulder has more than doubled since December 2005. Currently there is 7.03 months of inventory. Even more surprising is the suburban mountains, where there is currently a 17.2 month supply of homes on the market.
The story is much the same for attached dwellings. In fact, the only area that has shown an improvement is Louisville. Other than Louisville, all areas have increased inventory with Longmont being the weakest area.
by neil kearney | Jul 20, 2007 | Colorado Lifestyle
Living in Colorado!
This morning I had the chance to go hiking in the Indian Peaks Wilderness area which is located west of Nederland about 1 hour from Boulder. I have been working a lot lately and jumped at he chance to spend a morning soaking in the beauty I see from a distance on a daily basis.
The morning was calm and beautiful. The water was rushing, the wildflowers were blooming and I was up early enough to miss the crowds. My destination for the morning was Arapahoe Pass, a vista point which allows backcountry access. Much of the three mile hike is above treeline and is very scenic because of all of the water and snow fields. Getting above treeline seems to clear my head and makes the hustle and bustle of town seem far away.
Boulder definitely gives the opportunity for a great lifestyle and having a resource like the Indian Peaks Wilderness area less than 40 miles away is a great perk. The best part was that I was back returning calls by noon. Here are a few of the photos from the hike. I hope you enjoy them!
by neil kearney | Jul 17, 2007 | Uncategorized
Louisville makes Money's top-five list
Louisville again received national recognition for being a great place to live. The article below from the Boulder Daily Camera, gives the details on the Money Magazine "top five" places to live list. 
Louisville has been consistently leading the area in sales categories such as fewest days on the market, lowest inventory highest percentage of houses under contract etc. The median price for a home in Louisville sold during 2007 is $361,000 up from $331,000 for 2006. You can find more information about Louisville at http://www.ci.louisville.co.us/
The article as it appeared in the Camera is below.
"Money Magazine named Louisville the third-best place to live in the United States on Monday, the second time since 2005 the city has made the top-five list.
The magazine, which compiles an annual list of the top 100 places to live in the
country, cited Louisville's outdoor life as a primary reason for its
ranking. The magazine also pointed out the 26-mile wooded biking and running
path that winds through much of the city, as well as the annual Downtown Street
Faire — an event with concerts, craft booths and food on summer Friday
nights. City Councilman Bob Muckle said he's proud that Louisville is known
as a "livable" community. "It's nice that they've recognized us again. It
confirmed what residents of Louisville already know: It's a great place to live,"
he said. "You get the small-town feel in that you know your neighbors and the
community events, but it still has nice amenities. It remains a small, distinct
community."
It had a fifth-place ranking in the magazine's 2005 issue rating great American towns, but it failed to make the 2006 list because that year's rankings compared places with populations of at least 50,000. The 2005 and 2007 editions profiled communities of 14,000 to 50,000. Boulder wasn't considered because its population is more than double the 50,000-resident limit of the 2007 list."
Laura-Claire Corson, Camera Staff Writer Tuesday, July 17, 2007
by neil kearney | Jul 12, 2007 | Statistics |
June Sales Update
The median price for homes sold in June in Boulder County was $380,000 this is an increase of 1.3% from June 2006 and an increase of 17% from June of 2004. In the City of Boulder the median price for homes sold in June was $515,000. Last June the median price was $562,000 and in June 2004 it was $448,000. Taking values just one month at a time is not an exact science. It is just a snapshot and does not necessarily reflect a trend. Here is the chart.
The number sales however works well in the monthly format. This give a good indication of the temperature of the market. As you can see from the chart below we are following the seasonal trend well but the number of sales this year is down when compared to the past three years. In fact we had 17% more sales in Boulder County in June of 2004 than we did last month. 
by neil kearney | Jul 9, 2007 | Statistics
June Sales Statistics
The numbers for June are in and it was a good month! In Boulder County 61 more properties closed in June than did in May. We were still down 8.7% from June 2006 and are down 12% YTD. The gross showings declined a bit in early June but rebounded during the final two weeks. The market is still moving and a full 25% of active listings are under contract in the City of Boulder. The U/C percentage allows us to compare relative strength in the market. Here are the percentages from throughout the region. The higher the number the more activity in the market.
o Boulder 25% of listings U/C
o Louisville 25.5%
o Lafayette 13.3%
o Longmont 11.7%
o Mountains 7.6%
o Plains 14.8%
o Superior 15.7%
o Boulder Cty. 16.7%
o Weld Cty. 7.8%
o Larimer Cty. 14.1%
Another gauge for market strength is the Listing inventory. This statistic shows how long it would take to sell all of the current listings using the average sales rate over the past year. Here are the numbers for our area. The lower the number in months the less inventory there is on the market.
o Boulder 7.26 months
o Louisville 5.32
o Lafayette 7.06
o Longmont 10.3
o Mountains 17.9
o Plains 10.4
o Superior 6.54
o Boulder Cty. 8.75
o Weld Cty. 10.3
o Larimer Cty. 9.2
I will follow up with a graphical display of the comparative statistics in the next few days!
