by neil kearney | Apr 6, 2009 | Boulder County Housing Trends, Statistics
The calendar has turned once again and the March sales statistics are now available for Boulder Colorado and the surrounding area. The numbers for the month are not impressive but I will try to bring a bit a insight to the situation.
- Sales of single family homes were down 42% for the month and down 35% YTD.
- Inventory is down substantially as well. Down to levels we have not seen since the early 2000’s.
- Median prices on a month-to-month comparison are down a bit as well. This decrease is due to the nature of the sales we are having. The lower end of the market (below $250,000 in Longmont, below $500,000 in Boulder, and below $400,000 in Louisville, Lafayette and Superior) is where the activity is happening. There are very few sales above $1 million.
The market is slower than normal for this time of year but as I mentioned above there are segments in the market where there is ample activity. If you have a high priced home the reality is that the market price is most likely below where you thought you could sell it a few years back. Homes that are offering true value are the only one’s that are selling in the higher price ranges.
Here are some graphs that show the long term trends.
If you are curious where your home falls in today’s market please give me a call or send me an email.
by neil kearney | Jul 8, 2008 | Statistics
June 2008 Month End Statistics
Half of 2008 is in the books. On one hand I am thankful for the activity that is out in the market and to my loyal clients who have kept my sales right on track. On the other hand the market has lagged behind where I thought it would be. The total number of sales is down roughly 13% for the year and down about 25% when compared to June 2007. The chart below shows this trend.
Prices for the most part are holding well. While I am noticing larger negotiations on sold listings we are not seeing a major run up in inventory, a precursor to falling prices. Our market has seen both fewer homes on the market and fewer buyers looking (balance). Prices of single family homes in the city and county are within 1% of where they were six months ago and prices of condos have actually increased during that time frame. 
The number of active listings that are currently under contract is right around 25%. This indicates to me that houses and condos are still moving. The market of homes on the market is smaller but the activity is keeping up.
For many people in many situations this is a great time to buy. It is my sense of things that there is quite a bit of pent up demand, just waiting for some good news. If you look ahead a few years I think we will recover quite nicely. Rewarding those who are able to purchase now.
by neil kearney | Mar 13, 2008 | Statistics
Boulder County February Statistics
Sales down – Median Price Up – Under Contract Percent Up
The month end statistics show that the total number of sales were down again. For the year we are down 9% for single family residential homes.
The median price continues it strength. For the month the median price in Boulder County was $362,000 up from $344,000 a year ago.
The market continues to have some hot spots. Single family homes in the City of Boulder as well as homes under $350,000 county wide. At the end of the month the number of homes under contract was 19.4% today it is 22%.
by neil kearney | Dec 13, 2007 | Statistics |
November Sales Statistics
The number of sales in November was down approximately 14% from 2006. This continues the trend we have been seeing for the last 18 months. For the year Boulder County has seen approximately 10% fewer sales.
The median price continues to creep upwards. During November the median price of single family sales was $350,640. This represents a 4.7% increase from last November. 
by neil kearney | Jul 9, 2007 | Statistics
June Sales Statistics
The numbers for June are in and it was a good month! In Boulder County 61 more properties closed in June than did in May. We were still down 8.7% from June 2006 and are down 12% YTD. The gross showings declined a bit in early June but rebounded during the final two weeks. The market is still moving and a full 25% of active listings are under contract in the City of Boulder. The U/C percentage allows us to compare relative strength in the market. Here are the percentages from throughout the region. The higher the number the more activity in the market.
o Boulder 25% of listings U/C
o Louisville 25.5%
o Lafayette 13.3%
o Longmont 11.7%
o Mountains 7.6%
o Plains 14.8%
o Superior 15.7%
o Boulder Cty. 16.7%
o Weld Cty. 7.8%
o Larimer Cty. 14.1%
Another gauge for market strength is the Listing inventory. This statistic shows how long it would take to sell all of the current listings using the average sales rate over the past year. Here are the numbers for our area. The lower the number in months the less inventory there is on the market.
o Boulder 7.26 months
o Louisville 5.32
o Lafayette 7.06
o Longmont 10.3
o Mountains 17.9
o Plains 10.4
o Superior 6.54
o Boulder Cty. 8.75
o Weld Cty. 10.3
o Larimer Cty. 9.2
I will follow up with a graphical display of the comparative statistics in the next few days!
