December turned out to be a good month in Boulder real estate. Sales were up 15% from November and up 9% when compared to December of 2009. Median prices in Boulder County continue to be higher than a year ago. This seems strange because prices haven’t really increased. But median price only counts the sales price of one property which happens to have the same number of homes which sold for more money and less money. This year after the tax credit expired, sales of entry level homes in the Boulder area decreased sharply while the sales of higher priced homes continued. Think of the market shifting up a few notches not prices rising.
I have all of the year end numbers all added up, I just need to find the time to put it all together. Stay tuned for more on the Boulder real estate market in the coming days.