Boulder Valley Economic Snapshot 

One of the issues the area real estate market faced as the year began was available inventory of homes for sale across the Boulder Valley. 2012 ended with 814 single family active listings in Boulder County. That was down 27% from the end of 2011 (1121 active single family listings).

The decline in inventory was driven by sales activity. When comparing 2012 to 2011, single family home sales were up 24.44% (3258 vs. 2618) for Boulder County. Attached unit sales were up 20.80% (1144 vs. 947) for the same time periods. Collectively, those two market segments were up 23.47%.

Through March/2013 the Boulder County real estate market continues to sustain itself. Single family home sales are up 14.61% compared to

Economic Snapshot

A look at the current real estate market; provided by RE/MAX ALLIANCE-Dan Johnson

 February/2013

            The Boulder County real estate market continued its active pace in January/2013 as single family homes and attached unit sales outpaced January/2012 sales. Single family home sales were UP 20% (166 vs. 138). Attached unit sales were UP 29% (62 vs. 48). The collective market was UP nearly 23%. Sales figures for January/2013 approached January/2007 sales numbers.

            The inventory of available single family homes increased 5.77% at the close of January/2013 compared to the end of 2012 (861 vs. 814). Inventory levels will continue to grow as winter melds into spring and the real estate market

Average price per square foot for residential real estate in Lafayette Colorado for October 2012 was $192, which shows an increase in comparison to last year. Single family homes in the area saw a 6.1% increase from the same period the previous year with the median sales price of $325,250.  The average days in which for-sale homes are going under contract was an astounding 20 days, 76.2% faster than October 2011!

According to internet sources Louisville Colorado residental real estate goes for an average of $269 per square foot which accounts for a 42.3% increase in the duration of one year. The median sales price for single family properties in Louisville was $395,000 for October 2012.  This represents a 3.9% increase in comparison to 2011.  Year

Old Town Louisville - We consider "Old Town Louisville" the heart and soul of the City of Louisville due to it's small-town charm, it's quaint history, and it's fun, laid-back vibe.  Old town Louisville entwines the nostalgic charm of the past and the present with historic buildings and homes, vibrant restaurants and businesses, a library, a museum, and the seasonal Louisville Downtown Street Faire. Once a busy coal mining town, Louisville has a rich heritage, and it's foundation is built on traditional values and a strong community.   No wonder Family Circle magazine placed Louisville among the top ten "Best Towns for Families" in 2012, and Money Magazine ranked it as the #1 best place to live in the United States in it's July 2011 issue. 

As is customary for this time of the year, the Boulder Valley real estate market has begun to settle-in for the fall and winter. Active listings continue to decline with the September/2012 inventory of single family homes being down 6% when compared to August/2012 for Boulder County. If that trend continues, active single family home listings for Boulder County at the close of 2012 will be approximately 1,137 (2011 ended with 1,121 active single family home listings).

Through September/2012 single family home sales for Boulder County are UP 22.87% when compared to September/2011 (2,519 vs. 2,050); attached unit sales are UP 23.24% (896 vs. 727); the market is UP 22.97%. For September/2012, the market was UP 14.69% when compared to September/2011.

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)

The mountains of Colorado are lovely, but the good thing is you do not have to live in the midst of nowhere to enjoy them. One region which shows how correct that is is the Front Range region. One city in particular, Louisville, Colorado, has gained a tremendous level of national recognition for being the number one best spot to live in America. That is pretty stunning for a city that is merely 8.6 square miles with a populace of just over 18,000 people. The real reason why this city is now so well-known is that it's just a fabulous spot to live.

The community which exists in Louisville is an offshoot of Boulder in the fact that quite a few people who live here share the same values, hobbies and interests, and general sense of community pride. In

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

In recent years Louisville, Colorado has made quite a name for itself, both on a national and state level.  This city has quickly become one of the most popular cities in the state and was even recognized by many national publications as the best place to live in the country. This of course has been long acknowledged by the residents who live in this fine community for a long time now.  Although many people think of Colorado as a cold and snowy state, we actually experience some of the most consistently beautiful weather in our nation with over 300 days of sunshine.  With spring in full swing already, residents of Louisville Colorado are getting out their calendars and making plans for one fantastic summer.  There are so many activities in, and around