Boulder Area Weekly Activity Index

# 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

 

It has been another busy week in Boulder real estate.  The number of properties to go under contract during the week hit a high for the 7 weeks I have been keeping track.  Interest rates are bumping up a bit so buyers seem to be out there with a purpose before the rates go any higher.  We got off to a slower start this year and it is nice to see that the peak of activity is extending into June.  Let’s hope that the momentum keeps going.

Boulder Area Weekly Activity Index

# 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

 

It was a busy week in real estate,  I know that I have been swamped.  The numbers above show that buyers and sellers were busy as well.  During the week there were 213 new listings, 204 price reductions and 131 homes went under contract.  These are all high numbers, but the outstanding statistic this week was that there were 141 closings between May 28th and June 4th.  Hopefully with the number of homes going under contract lately this number will continue to stay strong.

Boulder County May Sales Totals

The graph below shows May sales data for single family homes in Boulder County.  Sales were down again from year-to-year but not as much as the previous four months.  Compared to last May sales were down 28%.  For the year so far, total sales are down roughly 34%.  Recent activity has picked up so future months should remain on a trend working toward volume recovery.

Boulder County, Weekly Activity Index

# 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

Wow!  The weeks are flying by and it is already Thursday again.  I wasn’t sure what to expect over a busy Memorial Day weekend, but the activity in the market stayed strong.  Not as many new listings hit the market, but the number of homes that went under contract stayed in a strong range.  This upcoming week we should see another spike in the number of closings since it is the end of the month.

Most of the news reports regarding the economy I have seen lately have a bit more of a positive spin to them.  Most economists are expecting a recovery in late 2009 instead of 2010.  This is good news.

Boulder County, Weekly Activity Index

# 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

 

It was another busy week in Boulder area real estate.  Contracts were strong and another 92 closings occurred.  The median prices continued to favor the lower end of the market.  The median price for sold listings was $275,950 and the median list price of homes which went under contract during the week was $285,000.  For comparison, the median price for all residential closings during 2008 in Boulder County was $301,000.

Boulder County, Weekly Activity Index

# 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

 

The number of new listings was up this week.  Many people aim for getting their homes on the market in May and we are continuing to see many new listings each day.  This is good news for home buyers.  The number of homes that went under contract during the week was down a bit from the week before but still at a good, healthy pace.  The number of closings was down, mostly because their are fewer closings in the middle of the month than there are at the beginning or end of any given month.  Median prices still point toward lower and moderately priced homes selling more quickly than higher priced homes.