Long Term Trends
Day-to-day it is sometimes easy to forget that real estate is a cyclical market. It is helpful to step back and look at a broader view. I recently compared sales, dollar volume, median price and sales price to list price ratio (average negotiation) from January to mid-October for the years 2000-2007 for all sales in Boulder County. Here is what I found.
- The number of sales has modulated. First it decreased right after 9/11. Then it increased to record highs only to have fallen since late 2005.
- The dollar volume has followed the same pattern but the curve is much more subtle due to the increase in median prices.
The median price has continued to rise at a rate averaging 4.6%.
The average negotiation has increased since 2000 but not as much as you might think. During the hot market of 2000 the average negotiation was 1.22%, now it is 3.05%.
Neil Kearney has been a Realtor in Boulder since 1991. He is the Broker/Owner of Kearney Realty Co. which is located in downtown Boulder. He specializes in residential real estate throughout Boulder County and serves the communities of Boulder, Broomfield, Louisville, Lafayette, Erie, Superior, Longmont, Niwot and Gunbarrel. The information on this website has been written by Neil and it represents his research and opinion. The statistics are based on data from IRES MLS system. Thanks for visiting.
