by neil kearney | Apr 14, 2011 | Statistics
The numbers for the first quarter in Boulder residential real estate sales and the findings are not all that surprising. Sales are down roughly 10.3% from last year. But before you get too worked up about another 10% loss in the market remember that last year our sales were overly active in the early part of the year because of the home buyer tax credit. Last year we had an unusually busy first few months only to fall off the cliff after the expiration of the stimulus. This year we are on a more traditional path. All price ranges are selling and our activity is actually pretty strong as a percentage of active homes that are under contract (over 20%). Inventory is down but we are seeing new listings on the market every day. We are in the midst of a good spring market we just have had a bit of a slow start. I am optimistic that 2011 will be a good year in Boulder real estate. To see the comparative statistical charts click on the presentation above. Choose full screen for best viewing.
by Neil Kearney | Feb 8, 2011 | Statistics
The numbers for January look good. Usually January is one of the slowest months for activity in the Boulder real estate market but this year we are up 19% compared to last year. Not bad since last year the tax credit was in full swing. Inventory continues to be very low as the bulk of new listings are yet to come on the market. Showings in my office were up dramatically during January and there are definitely buyers out there looking.
by Neil Kearney | Jan 13, 2011 | Statistics
[slideshare id=6552703&doc=december2010statistics-110113141541-phpapp02]
December turned out to be a good month in Boulder real estate. Sales were up 15% from November and up 9% when compared to December of 2009. Median prices in Boulder County continue to be higher than a year ago. This seems strange because prices haven’t really increased. But median price only counts the sales price of one property which happens to have the same number of homes which sold for more money and less money. This year after the tax credit expired, sales of entry level homes in the Boulder area decreased sharply while the sales of higher priced homes continued. Think of the market shifting up a few notches not prices rising.
I have all of the year end numbers all added up, I just need to find the time to put it all together. Stay tuned for more on the Boulder real estate market in the coming days.
by neil kearney | Dec 7, 2010 | Boulder County Housing Trends, Statistics
[slideshare id=6066104&doc=november2010statistics-101207154141-phpapp01]
For the latest details on the Boulder area real estate market please view the attached presentation. As expected the market has slowed a bit due to the Holiday season. Despite the uncertainties associated with the economy there are still some great things happening in the Boulder real estate market. Did you know that there have been 32 sales that closed above $1.75 million? A pretty impressive number in a “down” market.
by Neil Kearney | Nov 10, 2010 | Boulder County Housing Trends, Statistics
Sales in Boulder County continued the post tax credit trend. We have been recording between 250 and 290 sales each month in Boulder County and this month we posted 249 closed transactions. This represents a 20% drop from October 2009 and an eight unit drop from last month. Usually the seasonality in our market resembles a bell curve but this year it resembles a sharks fin.
It seems that activity is still fairly strong. There are buyers out there looking. We are at about the same level of contract activity now as we were at the end of August. This bodes well for closings staying steady until the end of the year.
Interest rates continue to be very low and some buyers are finding motivated sellers. Although a buyer can expect a fair deal, not every seller is ready to give away the farm.
Inventory usually starts falling this time of year as sellers get tired of having their houses on the market and take their homes off for the holidays.
Home appreciation is hard to track on a monthly basis but if you are looking at median price we are looking strong. The jumps in median price correspond directly to the tax credit expiration so I suspect that we are just selling fewer lower priced homes which makes it look like prices have jumped. In reality prices are holding steady.
