303.818.4055 Neil@KearneyRealty.com
Boulder County Real Estate Statistics March 2018

Boulder County Real Estate Statistics March 2018

by | Apr 10, 2018 | Boulder County Housing Trends, Statistics

How’s the market?  Overall it’s good.  Sales are down roughly 4% through the first three months of the year. To me the market demand seems strong enough, but the low inventory has reduced the possibilities of a buyer finding the right house.  It’s

The strength of the market definitely depends upon the price of the home. Here is a quick indication of the strength of the market by price range:

Price Range               Active Listings              # Under Contract         % Under Contract
Under $1 Million                376                            424                                    53%
$1 – $2 Million                    121                              69                                    38%
Over $2 Million                    79                              17                                     18%

View the slideshow below for a complete update on the market including comparison over the past five years.

Boulder Neighborhood Guide 2018

Boulder Neighborhood Guide 2018

by | Mar 12, 2018 | Boulder County Housing Trends, Boulder Real Estate

Boulder Neighborhood Guide

I realized a few years ago that people coming from out of town were having a hard time characterizing the different neighborhoods within Boulder.  In response I created The Boulder Neighborhood Guide. In this report I have split Boulder into eleven different areas and present the lifestyle highlights, schools, shopping districts, local recreation and basic real estate statistics for each area. If you’re interested in learning more about the different neighborhoods within the City of Boulder this may be helpful.

I have just finished updating The Boulder Neighborhood Guide for 2018 and invite you to view or download it.  Here is a PDF copy Boulder Neighborhood Guide 2018

If you are visiting Boulder you may be interested in where to stay, where to eat, things to do and how to get around.  You may also be interested in walking some of Boulder’s neighborhoods.  I have created a few self-directed walking tours in Boulder that may be fun if you are visiting town.  To access all of that information go my “Visiting Boulder Page”

Boulder Neighborhoods

The Kearney Report – 4th Quarter 2017

The Kearney Report – 4th Quarter 2017

by | Feb 1, 2018 | Boulder County Housing Trends, Statistics

The Kearney Report 4th 2017The Kearney Report – 4th Quarter 2017

I have just finished up The Kearney Report for the 4th Quarter 2017.  This report gives an in depth view of the real estate market in Boulder County as well as in the sub-areas of; City of Boulder, City of Longmont and East County (Louisville, Lafayette, Superior, Erie).  To download and view the report click this link The Kearney Report 4th Quarter 2017  I always provide my reports to you free of charge and without the need to sign up for a list.  You can also view it online below.

We saw a big drop in sales and activity during the 3rd quarter.  During the 4th quarter the market stabilized.  Sales in Boulder County were roughly equal to where they were during the 4th quarter of 2016. Here are a few highlights for the quarter (mostly compared with 4th quarter 2016):

Boulder County:

  • The median price for the quarter was $480,000. This represents a 14% increase from the same quarter last year.
  • It took 5 days longer to sell a home during the 4th quarter.
  • There were 3.5% fewer homes on the market at the end of the year.
  • At the end of the year there were 3.34 months of inventory on the market.  Still a seller’s market.

City of Boulder:

  • Sales during the quarter increased by 8.5%.
  • Median price of $686,300 (for both condos and single family homes) up 12.5%.
  • It took 7 days longer on average to get a home in Boulder under contract. Now 29 days.
  • 3.65 months of inventory at the end of the quarter.  Just a bit higher than the county but still a seller’s market.
  • The average negotiation during the quarter was 2.18% Last year during the 4th quarter it was 1.9%.

City of Longmont:

  • Total sales increased by 5% for the quarter.
  • Median prices increased by 12% to $374,000.
  • Average negotiation off of list price was just .36%.
  • On average it took 25 days to get a house under contract.
  • At the end of December there were 2.86 months of inventory on the market in Longmont.

East County (Louisville, Lafayette, Superior, Erie):

  • Sales were down 1% for the quarter.
  • Median prices increased by 4% to $484,770.
  • Average negotiation for the quarter was 1.6%.
  • On average it took 28 days to sell a home in this area.
  • At the end of December there were 3.11 months of inventory in East County.

Here are some selected graphs from the report.

 

Boulder Real Estate Statistics for December 2017

Boulder Real Estate Statistics for December 2017

by | Jan 30, 2018 | Boulder County Housing Trends, Statistics

The Boulder real estate market ended on a strong note in December of 2017.  Sales for the month were up 3.5% compared to December of 2016.  This good activity is also translating into a strong start for 2018. The slideshow below gives a good overview of the market in 8 quick slides.

Sales for 2017 in its entirety were down 5.4%; prices were up approximately 6% with much of that appreciation occurring in the first half of the year.