October 2010

Boulder Condos: Recent Trends in the Boulder Condo Resale Market are mixed, depending somewhat on the price range you look at.  As interest rates have declined this year, a lot of buyers have chosen Boulder condos for their first, or in some cases, their downsized home.  We studied attached (condo/townhome) resale transactions in IRES, as of 10/21/2010, and found that the median price of a sold condo in Boulder over the last 12 months has been relatively flat - decreasing modestly by about 3%:

We noted that the number of sold units was up by 29.5% during the same period, but the number of units for sale, i.e. inventory, has also increased by over 50% during the past year.  The latter is one of the factors that seems to have contributed to the

Boulder real estate sales transactions: A year-to-date perspective of the Boulder Valley real estate market reveals some interesting trends.  We took a look back at real estate sales transactions, average and median prices, and the number of single-family units sold, going back 5 years and using IRES data from the end of the 3rd quarter in each year.

It's interesting to note that while sales volume (the number of units sold) is down significantly from the peak, Boulder home prices have generally not followed suit.  While some modest price decline is evident from the peak, it's the decline in sales volume that is far more pronounced.

Based on this data, Boulder's home-sale volume peaked in 2006, reached its low ebb in 2009, and saw some improvement

Boulder Creek floodplain: Proposed changes to the 100-year floodplain map will affect some properties in Boulder positively, and some negatively.  Since the last time the map was updated in 1983, there have been a lot of changes in technology as well as to the landscape surrounding Boulder Creek.  The proposed changes to the official floodplain map of Boulder Creek will attempt to recognize these changes and more accurately reflect the current risk associated with a 100-year flood event.

According to the City of Boulder, the Boulder Water Resources Advisory Board will be holding public hearings later this year - most likely in November or December - to hear comments regarding the proposed changes, that will place some properties within the revised

Erie, CO Schools: The Erie real estate market has fared comparitively well over the last few years.  People have moved into some of Erie's more popular subdivisions like Vista Ridge, Erie Commons, and Erie Village, in part because of the quality of the Erie schools.  As a result, the St. Vrain School District has planned a new Elementary schoo in Erie, which will mean some changes to current boundary lines.

According to a recent article in the Daily Camera, the new and yet unnamed "Elementary 26", will be located at the corner of Meller and Telleen St. in the Canyon Creek area when it is scheduled to open in the Fall of 2011.  In advance of the new school, the school board will be holding a meeting on October 25th to get public input on 3 different