2010 YTD Boulder Real Estate Results: Boulder County Homes For Sale

Posted by Phil Boren on Tuesday, May 4th, 2010 at 11:57pm.

Boulder County homes for sale: The 2010 Boulder real estate market has really been a mixed bag so far - based on IRES sales data today, single-family re-sale home prices are up in some areas, down in others; invenrory reflects balance in some areas, imbalance in others. It's difficult to characterize the "market" without breaking it down. The short answer for those buying and/or selling Boulder homes is that it really depends on what price range your home is in.

The federal tax credit for home buyers expired on 4/30, but it has had some influence on the Boulder real estate market. Boulder home buyers have tended to gravitate towards the lower end of the price range, skewing the overall results a bit. For example, the months' supply of inventory (absorption) in Boulder County in the price range up to $250K, reflects the lowest level of 7.5 months; the highest level of 39.4 months is in the market segment above $1.5M.

Overall, Boulder-area median home prices are down slightly over the last 6 months but again, it varies significantly depending on the price range.

These two charts are good examples of how local home-sale results really do depend on location; the top chart is the median price of a sold listing in the City of Boulder residential re-sale market over the past 6 months, and the bottom chart is Longmont real estate. Boulder is actually down about 4%, while Longmont is up about 2%. What's interesting is that Longmont has seen the vast majority of foreclosures in Boulder County recently.

In terms of overall year-over-year sales volume in Boulder County, up to about $800K the number of sales is actually up in the 1st quarter of 2010 vs. 2009; over that break-point, we're seeing flat to declining sales volume. The "sweet spot" (if there is such a thing), seems to be in the $400K to $800K price range, where year-over-year sales volume is up an impressive 64% (200 vs. 122).

If you're interested in Boulder real estate, are thinking about buying a Boulder home or about moving to Boulder, CO, we'd be happy to help. Feel free to call 303-441-5647 or contact us online.

Phil Boren
Direct: 303-441-5647
Email: pboren@remax.net
My Profile on Google.com