Colorado Front Range Numbers for all of the MLS.

Entire MLS (All Areas)

Residential Highlights

• 9.8% increase in average price (sold) ($311,893)
• 17.4% increase in number of closed sales year-over-year (3,730)
• 34.4% decrease in average days on market (63)
• 7.5% increase in New listings (4,577)

 Condo/Townhome Highlights (All Areas)

• 9.1% increase in average price (sold) ($183,359)
• 20.0% increase in closed sales year over year (955)
• 37.8% decrease in average days on market (69)
• 11.9% increase in number of new listings (1,135)
• 59.4% decrease in absorption rate (1.8months)

From our Good Friend Dan Johnson at RE/MAX Alliance in Louisville:

Boulder Economic Snapshot

A look at the current real estate market; provided by

RE/ MAX ALLIANCE

August/2012

            As late summer melds into early fall the Boulder Valley real estate market continues to remain strong both in the resale sector and new home construction. For the first time in several years we’re seeing a few new homes being built in the higher price ranges. These are all presales as lenders and builders are still wary of building spec inventory in a price range approaching and exceeding seven digits.

            Through July/2012 Boulder County single family sales are UP 24.71% when compared to through July/2011

Strong Housing Sales Numbers Continue

the National Association of Realtors reported this week that 4.62 million up from 4.47 million in March.  The average median price increased by $11,300 an increase of 10.1 percent of last year.  This represents the highest median price since July of 2010 and as we all remember the prices in July 2010 were artificially inflated by the Home Buyers Tax Credit.  In the Boulder Real Estate Market we we experienced a direct correlation in prices to the $8,000 credit.

Across the country housing inventory has risen to 2.54 million homes for sale, which is the highest level since November, but we do need to keep in mind inventory is cyclical and November is traditionally a low inventory month.  In Boulder, Denver and

Here is the latest economic update from our good friend Dan Johnson with RE/MAX Alliance in Louisville, CO.  Dan gives some insight into last year and a glimmer of hope for the year ahead.

January/2012

That light at the end of the tunnel may not be another train coming this way. For the Boulder County real estate market that light may be the end to the darkness the area real estate market has experienced since the end of 2005.

For the past three years sales activity has been approximately the same. In 2009 there were 3,665 single family/attached unit sales across Boulder County. In 2010 that number was 3,660 and in 2011 the number was 3,539.

When comparing 2010 to 2011, here are some

 Richard Wobbekind, one of my favorite economists, who is with the Colorado Leeds School of business, is predicting that Colorado will have slow steady growth in 2012.  We are not going to see robust growth, but we are going to see growth.  The construction industry which has seen a decline in employment over the last four years is poised to add 2,900 jobs next year.

Wobbekind does caution in the article in the Daily Camera, that if something drastic happens in Europe that throws our stock market into a tail spin all bets are off and we could have rough roads ahead. 

The current numbers and job growth are running parallel to what occurred during the 2001 downturn according to Wobbekind.  If we continue to follow the same growth path we should see

5762 Table Top Ct Gunbarrel CO

This Gunbarrel CO real estate property is listed for sale by REMAX Alliance. It is a 4 bedroom, 4 bath home and is a total of 2500 square feet. This particular home is located in the Gunbarrel North neighborhood in Gunbarrel CO. The asking price for this Gunbarrel property is $390000.00. MLS ID: 654593

Backs to open space! Low maintenance yard w/creek. Quiet & peaceful. Amazing updates. Entire main oak floors. Granite tile kitchen, black/black appl, all baths updated w/designer tile & colors, new light fixtures. Super finished garden level basement w/bright windows + bar area, guest bed & bath. Vaulted formal living room with wall of bright sunny windows & formal dining. Front porch & back deck. Cul-de-sac.

4483 Sandpiper Cir Gunbarrel CO

This Gunbarrel CO real estate property is listed for sale by REMAX Alliance. It is a 3 bedroom, 2 bath home and is a total of 2028 square feet. This particular home is located in the Twin Lakes neighborhood in Gunbarrel CO. The asking price for this Gunbarrel property is $324900.00. MLS ID: 650882

Well cared for ranch with full basement, many improvements since 2007; Champion windows, new roof 2010, recently painted, vinyl fence, large covered back porch, newer appliances and ceiling fans. Oversized garage, real fireplace and located on quiet street, close to stores, open space and trails. Great starter home! downstairs bath has bath tub only no shower

Listing Source: IRES
Information and Real Estate

7725 Concord Gunbarrel CO

This 5 bedroom, 3 bath Gunbarrel CO real estate listing is being offered for sale by REMAX Alliance. This Gunbarrel home is a total of 2142 square feet and is located in the Heatherwood neighborhood of Gunbarrel CO. The asking price for this real estate property is $296900.00. MLS ID: 639583

Desirable tri-level across street from Heatherwood Elementary school (remodeled), large fenced lot, close to open space and bus line. Many updates since 2007, newer furnace, hot water heater, hardwood floors, fireplace mantle, freshly painted. Large 16 x 28 concrete patio, whole house fan and swamp cooler and RV/boat parking. Tile Entry. Master bedroom could be family room. Must contact. Autistic child - please allow time for