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Boulder County Real Estate Statistics – July 2017

Boulder County Real Estate Statistics – July 2017

Right around Memorial Day we saw a shift in the market.  At that point properties started staying on the market longer, inventory started rising and sales started to drop.  It’s normal in Boulder County to have a slow down during the summer but this year it began earlier than usual.   This decrease in sales coupled with an increase in inventory has led to a slowing of price appreciation in the county.  Is this a shift in the market or just a seasonal slow down?  The next 30 to 60 days will tell a lot.  What happens during the fall will give us a good indication of what to expect next winter and spring. See the presentation above for a more in depth view of the market as well as graphs and...
Boulder Area Real Estate Update – The Kearney Report Q2-2017

Boulder Area Real Estate Update – The Kearney Report Q2-2017

I have just completed the latest edition of The Kearney Report for the second quarter 2017.  The goal of this report is to give you a quick understanding of the statistics and trends in the Boulder County real estate market. You can view the entire report below or you can download the PDF here.  The Kearney Report 2nd Quarter 2017 Real Estate Market Update During the second quarter of 2017 the Boulder area real estate market continued to be a strong sellers market, but towards the end of the quarter there was a change in the market.  In this summary I will discuss these trends as well as discuss what we might expect to see during the third and fourth quarter of the year. During the second quarter of 2017 there were 1,459 sales in Boulder County which reflects an 8.3% drop from the same quarter of the previous year. The median sales price during the quarter was $500,000 which is ironically 8.3% higher than it was a year ago.  Inventory this year has been been consistently higher than the past two years and this has given buyers more choices when looking.  This was especially true at the end of May when the levels of active inventory were above 2016 and 2015 levels, equal to 2014 levels and just below 2013 levels.  During the second quarter, 41% (50%) of the homes sold for a price above the list price, 22% (20%) were at the asking price and 36% (30%) were below.  When comparing this years numbers to last years, which are shown in parenthesis, it’s clear that the market...
2437 Lexington Street, Lafayette – $635,000 – SOLD!

2437 Lexington Street, Lafayette – $635,000 – SOLD!

2437 Lexington St. Lafayette, CO 80026 – $635,000 I’ve just listed a beautiful home in Lafayette.  It provides a rare opportunity to buy a premium lot backing on two sides to the Indian Peaks Golf Course & a quiet location at the end of a quiet cul-de-sac. It’s priced to sell now! It was built by McStain Builders but it has a custom plan with a 3-story addition that provides treehouse views from the master bedroom suite (great remodeled bath), a large formal dining room (maple cabinetry) & additional garden level space in the unfinished portion of the basement. The home is light and bright and has views of the green golf course everywhere.  A great value for a lucky buyer.            ...
Fireworks from 405 Hapgood

Fireworks from 405 Hapgood

The conventional place to watch the fireworks in Boulder is from Folsom Stadium.  But this year I watched them from the roof of my listing at 405 Hapgood.  405 Hapgood is located on the lower slopes of Flagstaff Mountain and has 180 degree views of Boulder.  The house is a great candidate for a remodel or a scrape and rebuild but what a place to host a fireworks party from your rooftop deck!  Here is a video that shows the finale from the 2017 Boulder Fireworks Show....