Recent headlines have stated that sales for the first quarter in Boulder fell 50%. It is true, numbers don’t lie, but the headline was vague. I’d like to clarify this information a bit, by breaking down the first quarter statistics in Boulder, Colorado into more manageable chunks.
The tables below show first quarter data for closed sales in the City of Boulder. The yellow box shows all sales within the city, both condos and single family homes. The green box shows single family home sales and the blue box shows condo sales. Combined sales were down 35%, single family sales were down 50% and condo sales were down just 15%.
What this information brings to light is the strength in the lower price ranges. Sales of condos below $500,000 (which includes 85% of all sales) was down just 13% and sales of single family homes in the same range were down 44%. I thought this breakdown was interesting, I hope you agree. Leave a comment if there is a segment of the market you would like shown in detail.
| Combined | |||
| 2008 | 2009 | Change | |
| <$550K | 160 | 120 | -25% |
| $500 – $750K | 63 | 33 | -48% |
| $750K – $1MM | 21 | 10 | -52% |
| $1MM – $1.25MM | 5 | 3 | -40% |
| $1.25MM – $1.5MM | 9 | 6 | -33% |
| >$1.5MM | 12 | 4 | -67% |
| Total | 270 | 176 | -35% |
| Single Family | |||
| 2008 | 2009 | Change | |
| <$550K | 62 | 35 | -44% |
| $500 – $750K | 51 | 24 | -53% |
| $750K – $1MM | 20 | 8 | -60% |
| $1MM – $1.25MM | 4 | 3 | -25% |
| $1.25MM – $1.5MM | 8 | 3 | -63% |
| >$1.5MM | 8 | 3 | -63% |
| Total | 153 | 76 | -50% |
| Condos | |||
| 2008 | 2009 | Change | |
| <$500K | 98 | 85 | -13% |
| $500 – $750K | 12 | 9 | -25% |
| $750K – $1MM | 1 | 2 | 100% |
| $1MM – $1.25MM | 1 | 0 | -100% |
| $1.25MM – $1.5MM | 1 | 3 | 200% |
| >$1.5MM | 4 | 1 | -75% |
| Total | 117 | 100 | -15% |
