by Neil Kearney | Sep 7, 2018 | Boulder County Housing Trends, Statistics
The real estate market has been fairly strong this year. Not off the charts like 2016 and a bit subdued by the low inventory of available listings, but strong nonetheless. Sales through August are down 2.5% from a year ago, not much of a change. However, we are seeing fewer listings, fewer multiple offer situations and more listings staying on the market longer. These are the bigger story. When you compare YTD sales to 2015 we are behind by 17%. If you look at the inventory numbers from 2015 you will see that they are much higher than now. More listings mean choices for buyers and end up in more transactions. Fewer listings in a strong market almost guarantee high appreciation. And we continue to see prices rise, although that seems to be at a slowing pace.
As always, this time of year is an important one. It is common that after the spring surge of activity that there is a summer slow down. We usually see the market pick up again in the fall. And we usually see that happen right after Labor Day. Let’s see what happens.
For more detailed statistics and analysis take a look at the embedded slide presentation below.
by Neil Kearney | Jun 16, 2018 | Boulder County Housing Trends, Statistics
The number of sales in the month of May in Boulder County were down by just over 4%. Year-to-date sales are also down by roughly the same amount.
This spring the market has again been strong. In many ways it was similar to the past few years. 37% of sales during the first five months of the year resulted in a price above the list price with an average premium of 3.68% for those that did sell above list price. Last year that number was was similar. Sales are down roughly 4%for the year and from my experience in the market representing both buyers and sellers is that there have been fewer bidders in multiple offer situations. More like two rather than five.
Here are the current months of inventory by price range:
$0- $500k – 2.6 months
$500k – $1M – 4.2 months
$1M – $1.5M – 6.8 months
$1.5M – $2M – 6.7 months
$2M – $2.5M – 5.8 months
$2.5M – $3M – 19.6 months
>$3M – 25 months
A balanced market is 6 months. Anything less is a seller’s market any more is a buyers market.
by Neil Kearney | May 27, 2018 | Boulder County Housing Trends, Statistics
The low inventory throughout Boulder County has resulted in a decrease in sales compared to last year. Sales are down roughly 4% through the first four months of the year.
One trend that is new list year is the large increase of sales in the highest price ranges (greater than $2 million). During the first four months of 2017 there were 16 sales over $2,000,000. this year during the same time frame there have been 39 sales. This is a mix of new construction and resales.
The market is moving quickly and we are still seeing many buyers moving in from out of town.
by Neil Kearney | 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.
by Neil Kearney | Mar 19, 2018 | Boulder County Housing Trends, Statistics
It seems that the spring market is in full swing. Inventory is low and we are seeing multiple offers across many price ranges. Especially competitive are lower price ranges in each of the communities across Boulder County. See the full presentation of the monthly statistics to see the full picture.
