The real estate market in Boulder County is off to a good start! Sales were up by 27% from a year ago and were higher than the five-year average. I have been involved in three multiple offer situations in the past month. These were on homes that have been upgraded beautifully and buyers love a home that is ready to go! We are also seeing a steady flow of new listings to the market. This continues the momentum we had at the end of 2019.
The market ended up very strong in 2019, up 5% for the year. We are also seeing some good early activity in the early weeks of 2020. Buyers seem very interested in ”turn key” properties and not as interested in homes that need work. Appreciation for 2019 definitely was less amplified than recent years, but it was still positive. See the slideshow below for more details.
This time of year the market slows down. Some sellers choose to take their homes off the market for the Holidays and others delay putting their home on the market until after the new year. November sales were down nearly 18% from the previous month but were equal to a year ago. In general, it has been a good year for real estate sales in Boulder. Appreciation has slowed and we are not seeing as many showings or multiple offer situations as we have in past years. Take a look at the slideshow below for a full picture of what is going on.
October sales surprised me! An increase of 15% from a year ago showed the strength in the market even as showings were slow and inventory was high. The average negotiation off of list price during October was 2.42%, which is up from 1.87% a month ago. We are still seeing a good number of price reductions but those are slowing. As we slow down for the holiday’s we will see a number of active listings go off the market and resume again after the new year. Check out the slideshow below for more details.
Broker/Owner
Kearney Realty Co.
303.818.4055
