Market Stats and Facts

Stay up to date with the latest Colorado market statistics and facts.

There are currently 76 blog entries related to this category.

Interest rates are down and the value of homes in Boulder are steadily rising. If you are looking to make a change, now is a great time to buy or sell. Times have changed, the holiday season is no longer the real estate dead zone. Here is why.

1. The School Year Doesn’t Rule Everyone

With more young professionals entering the market and a hefty number of baby boomers buying and selling, there are plenty of homebuyers who are not buying and selling around school schedules. 

2.  Motivated Sellers

Selling a home over the holidays isn’t always a choice. A seller motivated by a status change, job transfer or financial reasons means you could get a bigger bang for your buck. Since first time home buyers won’t need to sell a home first, they are

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Thus far this year home values continue to rise across the Boulder Valley as demand exceeds supply. New construction throughout the eastern portion of Boulder County has augmented a portion of the increased buyer demand, but resale listing inventory has plateaued, with monthly home sales somewhat mirroring monthly listings entering the market.

              In late June/2013 there were 1,353 active single family home listings in Boulder County. At the end of June/2014 that number stood at 1,284. Sales of single family homes through June/1014 are down 10.40% compared to through June/2013 (1,543 vs. 1,722). Attached unit sales for the same time periods are comparable (645 vs. 648).  

              Below is a brief overview of sales values by

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In June/2013 the Boulder Valley housing market was humming along. Construction was peaking with new homes and condominiums being built in most market areas. Dormant housing projects, the product of several years of buyer disinterest, had new life breathed into them. Mortgage interest rates were slightly under 4% for the traditional thirty year fixed-rate loan. Single family home sales were up 12% for Boulder County through May/2013 compared to through May/2012. Attached unit sales were up nearly 15% for the same time periods. Available inventory was scarce. Home values had increased. Bank foreclosures and short sales were few and far between. All the stars had aligned and it was a seller’s market.

Here we are twelve months later. Several of the

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Real estate is a good indicator of the economic health of the nation. When the real estate market is firing on all cylinders, the overall economy has a tendency to flourish. When the real estate market is limping along, the opposite is often true. According to a recent report by the National Association of Realtors (NAR - April 22, 2014), the nation’s real estate market is somewhere in between those two variables.

NAR’s report shows existing home sales (single family & attached units) in March/2014 were down 7.5% nationally compared to March/2013 (4.59 million units vs. 4.96 million units).

“There really should be stronger levels of home sales given our population growth,” said Lawrence Yun, NAR chief economist. “In contrast, price growth is rising

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Very interesting trending in the market, Note: Absorption Rate went from 150 days at the end of February to 177 days at the end of March. Absorption Rate should be going down this time of year, not up.

  Note: Single family sales down 16% for the first quarter compared to first quarter last year; attached unit sales down 11%; combined market down 14.5%.  Note: 939 active single family homes at end of March last year; 960 this March.   Did the market peak?      
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Boulder County real estate market has started the year a little slower than 2013 did. Through February/2014 single family homes sales are down 16.4% (296 vs. 354) and attached unit sales are down 9.5% (123 vs. 136) compared to the same timeframe for 2013. Overall the market is down 14.5%. Available inventory for single family homes was down 20% at the end of February/2014 compared to the end of February/2013 (752 vs. 939); fewer active listings would lead one to believe there would be fewer sales (Columbo 101). The Absorption Rate, for single family homes, at the end of February/2013 stood at 161 days. At the end of February/2014 that number was 150 days, which means properties are selling about 7% faster these days than they did at this time last

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Finally, we’re out of the deep freeze. That’s what it felt like around the Boulder Valley as January gave way to February. Unfortunately, Punxsutawney Phil, the Seer of Sears, the Prognosticator of Prognostications, predicted six more weeks of winter when he saw his shadow on February 2nd. I’m betting on (hoping for) an early spring.

            The holidays are a distant memory and real estate buyers and sellers focus now turns to what they do best - buying and selling. The inventory of available properties will begin to grow as the weather improves, but will remain at a low level as demand continues to exceed supply.  For Boulder County, active single family home listings stood at 725 at the end of January/2014. At the end of January/2013 there

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Check out the current real estate stats for Boulder County! The real estate market ranging between $200,001 and $400,000 remained the strongest at the end of January 2014 in Boulder County, where as homes priced over $800,000 have had a rough go of things.  Single family homes from $300,001 to $400,000 had 118 active listings, 30 solds, and an absorption rate of 4.1 months.  Although there were less active listings in the $200,001 to $300,000 price range, a larger percentage of homes sold during the month of January 2014 in a shorter amount of time, as illustrated below.


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When a city makes it onto a list because of the many things found throughout, it's a sign of a vibrant community. Not all cities are honored in such a way. Here are some of the honors Boulder, Colorado has received.

2013

  • Milken Institute – Best Performing Cities 
  • American Institute for Economic Research - The Top 75 College Cities and Towns 
  • Travel+Leisure - America's Best College Towns 
  • Livability.com - Top 100 Best Places to Live 
  • The Atlantic Cities - America's Most Productive Metros 
  • USA Today - Best Urban Green Spaces in North America
  • Entrepreneur - The 25 Best U.S. Cities for Tech Startups 
  • The Wall Street Journal - Most Popular City for Tech Startups
  • Google.com - 2013 eCity Award: Colorado's Digital Capital
  • Forbes - The
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Since the peak year of 2005, the Boulder Valley real estate market has been climbing a steep hill back to respectability. It has been a slow process. Sales activity in years 2006 through 2009 were on a downward spiral. The market stabilized in 2009 through 2011, then began an upward shift in 2012. This past year we saw market activity approach 2007 in Boulder County for single family home sales (3,491 vs. 3,570) and attached unit sales (1,329 vs. 1,426).  The market is still about 17% behind 2005 sales numbers, but headed in the right direction.

Below is an overview of sales activity for the past two years for single family homes in the various Boulder Valley areas, courtesy of IRES – the Northern Colorado MLS.      

                       
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