Single Family Home Sales in Boulder, CO

The latest figures for single family home sales in Boulder, CO continue to show an improving housing market. Comparing single family homes sold from the end of  October 2011 through the end of October 2012 shows and increase of 27.8%. The number of homes sold is also up for every area in Boulder County, with Superior, Colorado just 10 minutes South of the city of Boulder showing one of the largest gains, up 37% for the same time period, year over year through the end of October 2012. I'll publish the chart for single family home sales in all areas in Boulder County tomorrow so check it out to see how your area's doing.

    

Winter Weatherizing Tip

I’ve had the furnace checked, installed new filters, blown out the sprinklers, rolled up the hoses but this simple suggestion is one I haven’t tried before and it works. Reverse the direction on your ceiling fans. During winter, the warm air generated by your heating system naturally rises to the ceiling while cooler air sinks. By switching the direction that your fan blades turn, that cooler air is drawn upwards, which forces the warmer air near the ceiling back down into the space. This is especially effective if you have high ceilings like mine. How does this save energy? Keeping the warm air low where it’s needed means you can turn the temperature down a few notches and still stay warm. Et voila!

October Sales In Boulder County, Colorado

The latest figures from Ires, Boulder, Co's local mls, shows single family home sales in Boulder area markets in October 2012 increased by 27.5% over October 2011. The inventory of homes for sale continued to drop in October 2012 compared to October 2011; down 20.5%. 

Latest Real Estate Sales City of Boulder, CO

Good news for the City of Boulder's real estate sales. Thru the end of September 2012 compared to last year:
Number of Sales +23%, Days to Offer -30%, Number of listings -24% and median sales price +4%. Woohoo!!

Boulder County Real Estate 2012

In my last post we looked at the rate of annual sales for Boulder County going back to 2005.
2012 reveals the following:
     Boulder Residential Sales (from the previous year's quarter):

•  first Quarter  +13% 
• 2nd Quarter   +5% 

A strengthening housing market is on the way!

A look at Boulder County Home Prices

Residential Homes Sales in Boulder, Colorado. These statistics include the city of Boulder and the communities that are part of Boulder County, including Longmont, Gunbarrel, Niwot, Louisville, Lafayette, Superior and parts of Erie. It reads like a history of the last 8 years. 2005 was a good year but nothing extraordinary. We had come to expect appreciation 7%+ appreciation. Fortunately in Boulder we had no huge spike before the fall. You can see that things started to slow in 2006 and by 2007, the economy was in retreat in a big way, culminating in 2008 and the greatest recession since the Great Depression. By 2010, Boulder was reversing the trend and slowing coming back.

Year     Median Price Appreciation

2005    +11%

2006    +5%

2007    +4%

2008    -2%

2009    -3%

2010    +2%

2011    +2%

Anatomy of Housing Market Comeback: Boulder County, Colorado. Key metrics thru the end of the first quarter of 2012 show all the signs of a strengthening market: median sales price is up as is the number of closed sales, the days on market is down slightly and the number of homes for sale is down by almost 21%.
In fact, scarcity of inventory (homes for sale) in many areas is now the problem.
Note: this is for all of Boulder County, not just the city of Boulder. There is considerable fluctuation in these numbers depending on where you are in Boulder County. If you would like to know the stats for you specific zip code, email it to me and I'll send you a more detailed snapshot of your market.

Boulder County

Key Metrics                  Q1-2012               1-Yr Chg

Median sales price          $369,250                  +5.5%

Pct of List Price vs Sold      96.9%                   +0.2%

Homes for Sale                 1,206                     -20.8%

Closed Sales                       522                     +16.5%

Days on Market                  124                       -1.8%