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Boulder County Real Estate Statistics October 2017

Boulder County Real Estate Statistics October 2017

Sales Down – Inventory Stable – Increased Price Reductions and Negotiation As we head toward the holidays and the end of the year it is normal to see a slow down in the market.  During October sales were down 3.7% from last October and down 17% from two years ago but they were actually up by 12% from sales in the previous month.  So while the overall trend shows a general slowdown in the market that started around Memorial Day, there is still some life in the market and sales are still happening.  In October there were 392 closings in Boulder County. Inventory showed some good improvement during the first half of the year but over the past few months it has reverted to levels that are lower than last year.  As the market has slowed we have seen a bit more negotiation (on average homes sold for 97.4% of list price which is roughly 1.4% lower than a year ago) in the market as well as many more price reductions (see the graph directly below). All of the trends in the market are highlighted in the slide presentation below. Boulder County Real Estate Statistics October 2017 from Neil...
The Kearney Report 3rd Quarter 2017

The Kearney Report 3rd Quarter 2017

The Kearney Report I’ve just published the latest Kearney Report which highlights the latest trends in Boulder County real estate and compares them to the longer term trends.  I break up the county into a few smaller areas including Boulder, Longmont, East County (which includes Erie, Louisville, Lafayette and Superior) so that you can compare price ranges and other statistics in our different communities.  You can view The Kearney Report below online or you can download the PDF here The Kearney Report 3rd Quarter 2017 Real Estate Market Update At the end of the second quarter the Boulder area real estate market started to show signs that the strong sellers market that had been in place for over four years was wavering.  The third quarter solidified that trend as sales slowed, negotiation edged toward neutrality, properties stayed on the market longer and price reductions were very common as sellers figured out that their optimistic expectations were not being realized in the market. During the third quarter of 2017 there were 1,335 sales in Boulder County which reflects an 12% drop from the same quarter of the previous year. The median sales price during the quarter was $475,000 which is 8% higher than it was a year ago (the median price for sales during the second quarter were $500,000).  Homes are staying on the market longer and this has given buyers more choices when looking. During the second quarter, 31% of the homes sold for a price above the list price, this is down from 41% during the second quarter and 42% during the third quarter of 2016.  The average premium...
1775 Linden Avenue, Boulder – $800,000 – New Listing

1775 Linden Avenue, Boulder – $800,000 – New Listing

1775 Linden Avenue Boulder, CO 80304 – $800,000 Great North Boulder location! Lots to love here including; hardwood floors, remodeled kitchen including maple cabinets, quartz countertops, stainless appliances and an induction cooktop, 8 kw owned solar system takes care of all the electricity needs for the home (and more), stained concrete floors in the lower level, a great yard with multiple sheds, a koi pond, new deck, large garden area & a potting shed. Upgraded baths with a steam shower in lower level. Multiple off street parking spots.    ...
1601 24th Street, Longmont – $335,000 – Under Contract

1601 24th Street, Longmont – $335,000 – Under Contract

1601 24th Street Longmont, CO 80501  – $335,000 I’ve just listed this very nice ranch style home in a great North Longmont neighborhood. The home features a good sized and well maintained yard, a nice back deck, a beautiful flagstone entry patio and a two car garage. Inside you will find three bedrooms and two baths on the main level, a living room with vaulted ceilings, a wood burning fireplace, a large basement with one finished room and lots of room for further expansion. Well located just a short walk to Sanborn Elementary School. Radon mitigation is already installed. A great value in Boulder County.  ...