by Neil Kearney | May 11, 2015 | Boulder County Housing Trends, Statistics
The Boulder County real estate market continues to be very hot. Inventory has not kept up with demand and as a result multiple offers are very common. Negotiations on the most popular homes are escalating quickly and prices are sometimes ending up over 10% above the asking price. For the first time since I can recall, average sales price exceeded average list price for the month. To put it another way, on average, every home in Boulder County for the month sold for more than list price.
This exuberance hasn’t yet spread to the $1 million plus segment of the market. Prices seem to be compressing. A $650,000 home a few years ago is now selling for $800,000, but the $1 million home has only seen $50 – $75,000 gain. It will be interesting to see if the normal gap develops.
The slideshow below shows Boulder County sales, inventory and under contract percentage going back five years. You will also find weekly activity of sales, under contract homes and new inventory compared over the past four years. The trends are clear, inventory is holding back sales.
by Neil Kearney | Jan 7, 2015 | Boulder County Housing Trends, Statistics
December was a strong month in the local real estate market. Sales in Boulder County were up 8.8% compared to last December. This strong result helped bring the year end sales total to just 3% behind 2013. Inventory of homes on the market continues to be a concern. At the end of December there were just 579 properties on the market in Boulder County that were not already pending. This is the lowest figure since I have been tracking it. Hopefully there are many sellers getting their homes ready to sell this spring. The demand is there and sellers have seen good appreciation over the past three years. The slideshow below gives a detailed view of what has happened in the Boulder area real estate market over the past four years.
by Neil Kearney | Dec 21, 2014 | Boulder County Housing Trends, Statistics
Residential real estate sales in November were up 5% from a year ago but down 18% from October. The drop off in closings is normal this time of year. Year-to-date, sales are down 4% from last year and up 5% from 2012. The inventory of homes on the market continues to be very low. The slideshow below gives detailed information about the sales activity, under contract percentage and inventory levels. It also shows activity levels by month and week over the past four years.
by Neil Kearney | Nov 13, 2014 | Boulder County Housing Trends, Statistics
The real estate market in the Boulder area was a bit sluggish in August. But once school started there was a surge of activity. The showing and contract activity in September led to a nice increase in closings during October. In fact sales were up 12% from a year ago. Home inventory remains low and year-to-date sales are down roughly 5% from a year ago but 6% above 2012. The quick presentation below shows the market in graphs, comparing the last four years of data on a monthly basis.
by Neil Kearney | Oct 14, 2014 | Boulder County Housing Trends, Statistics
The real estate market in Boulder County has had a nice surge of activity this fall. There is a small uptick in new listings, a strong increase in under contract percentage and the title companies were very busy at the end of September. Sales for the year are still down 6% from last year. The presentation below shows the most recent month compared to each month over the past five years in number of sales, inventory of listings and under contract percentage. Also presented are the number of homes that have gone under contract on a weekly basis, new listings on a weekly basis and sales on a weekly basis over the past four years.
