Recently the Boulder Daily Camera published an article entitled, "Price of Average House Tops $1M." With home values soaring, it's easy to read the headline and jump to some not so accurate conclusions.
What is Average?
For Real Estate take the total of all homes sold in a month and divide by the total homes sold. This number is greatly affected month-to-month by the number of sales and by the sale of high-end listings. In a market such as Boulder County where only 521 homes sold in June 2016, numbers are even more easily skewed by these luxury home sales.
"Average" is not mid-level housing. Generally, mid-level housing in Boulder refers to homes between 1000-2999 square feet. That's not to say there aren't luxury…