Boulder County and the surrounding areas are seeing exactly what we predicted they would in home sales for the month of April, with decreased inventories and absorption rates, as well as increased sales prices. Since none of this really comes to a surprise for knowledgeable home buyers and sellers, I thought instead it might be worthwhile to talk about what we are seeing in the average and median sale price. First, lets go over exactly what the difference is between a median and average, and how they pertain to real estate.

The median and average sale prices you see so frequently referred to in real estate are two different comparisons from the same exact numbers. From elementary school math, you will remember that the average of a certain group of

Economic Snapshot

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

And the Beat Goes on. That’s a 1980 song from an American group called The Whispers. The song is about moving on from a lost love. In a different sense, the Boulder Valley, Metro Denver, and Northern Colorado real estate markets have moved on from a period of time when real estate values plummeted, bank foreclosures and short sales multiplied, and banks were draping Out-of-Business signs on their front windows courtesy of the Federal Reserve.

In the span of less than two years the Boulder Valley real estate market has shifted from a buyer’s market to a balanced market to a seller’s market. Driven by pent-up demand and affordable mortgage interest rates

If you are trying to buy a home in the Denver market right now, the chances are very high that you have been met with some fierce competition. In fact, the word among local real estate professionals is that Denver, especially the downtown and surrounding metropolitan areas, is currently the hottest market in the entire state. Recently, market statistics would even indicated that residential real estate sales in Denver are surpassing other top cities like Boulder and Cherry Creek!

With news like this, you would think many homeowners in Denver would be considering selling their properties, and even though some are, most are not! This is because the area is still seen as very desirable by people who have lived there for several years. Many residents find

If you are buying or selling a home in the greater Boulder Valley area, you have to check out some the stats below! The numbers don’t lie folks, Boulder County and the surrounding areas are hotter than hot right now, and homes are selling at record speeds for record amounts.

According to the information collected by Land Title, Boulder, Colorado's YTD homes sales for single family homes in March 2013 are up 35% over the same time last year! This chart also shows a 77.3% decrease in the average number of days a property took to go under contract. When compared to March 2012, the total number of days to contract was 128; in March 2013 it was only 29! Also the number of the active listings for the month has dropped 24.4% from 348 to 263. This means that

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

Planning on buying or selling a home this spring in Boulder County?  If so, you might be concerned about rising sale prices and low inventory in this very competitive market.  Although these things are cause for some concern, they are in fact helping to drive the local housing market and economy.  By understanding things like absorption rate, you will be better able to effectively plan and budget for either the sale of your home, or the purchase of a new one.  We all know that Boulder real estate is among some of the most highly sought after in the state, so it is to your advantage to become familiar with area statistics.  Knowing these facts will give you a better chance of timing things accordingly. Here are the most recent real estate statistics

We have recently created a community on Google Plus that is dedicated to Boulder, Colorado Real Estate and Lifestyle!  We hope to see our Boulder Real Estate Community forum grow with industry members, but also with residents and local businesses. This community discussion page is intended for anything that has to do with, or makes Boulder a great place to live and buy a home.  If you live in Boulder, you know that people from all over the world move to our area for a variety of reasons.  Boulder attracts passionate people, most of which love the outdoors and the unique vibe the city exudes.  For these reasons, we hope that you will join and contribute to our new community on Google Plus, so that we can celebrate what Boulder is all about!

If you

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

Two months plus into this New Year and the Boulder Valley real estate market continues to show strong activity. Through February single family home sales are up 18% for Boulder County over last year for the same time period; attached unit sales are up 19%. The inventory level of available single family homes inched up 9% in February from January, but sold listings were up over 200% month-over-month. Sales continue to outpace the growth of listing inventory.

The US Department of Labor (Bureau of Labor Statistics) recently released their unemployment rates for the country and by state. Nationally, the unemployment rate stands at 7.7% at the end of February. Last year at this time

Boulder County’s year to date real estate statistics are in and show strong numbers as the month of February came to a close. These past two months have had the highest records of sold homes since 2007 in both single family and attached dwellings.  In January 2013, 167 single family homes and 62 attached dwellings sold in total.  February showed an increase of sales with 177 single family homes and 70 attached dwellings. Out of the 67 active listings that were priced under $200,000, yes there are still some in Boulder County,  51 of these properties sold in an average of 2.6 months.  Homes priced between $200,001 and $300,000 averaged an absorption rate of 3.6 months selling 74 out of the 135 active listings.  Absorption rates of 4.2 months was

Tuesday reports were released from the S&P/Case-Shiller Home Price Indices which provide the most reliable measurements of changes in value for the US residential real estate market.  This report indicated that home prices in and around the Denver area increased by 8.5% from December 2011 to December 2012.  This increase marked the “12th straight month of gains” and illustrated the largest annual growth for the area since 2001.     

With the predicted increase in home sales and price, many homeowners in the Denver metro area have been considering making the move into new real estate.  These figures show that the longer you wait the more money you will pay.  The buzz in our area is that it is a seller’s market, which is now backed up by