Boulder Real Estate - First Quarter Results Are Encouraging

Posted by Phil Boren on Thursday, April 8th, 2010 at 3:05pm.

Boulder real estate has produced some encouraging results in the 1st quarter of 2010. The following chart summarizes some results for the City of Boulder single-family re-sale market over the past 6 months, based on data from IRES as of 4/08/2010:

Comparing the results from the 1st Qtr. of 2010 with the 4th Qtr. of 2009, there are some positive signs. This chart in particular depicts three important stats: 1) The average number of Boulder homes for sale has declined by 5%, 2) The average number of homes under contract is up 57%, and 3) The average percentage of inventory under contract is up 64%. While there is some seasonality inherent in these numbers that would temper the increases to some degree, the general trend is definitely encouraging.

This kind of trend analysis is something we are happy to provide to our clients. Looking at macro data from the county and city levels, down to the micro levels of zip codes and even subdivisions, it's critical to know what the trends are. If you or someone you know would benefit from this kind of research, let us know.

If you would like more information like this on other areas along the Front Range like Longmont, Lafayette, Louisville, Niwot, and more, feel free to contact us. We look forward to helping you with your Boulder real estate needs.

Phil Boren
Direct: 303-441-5647
Email: pboren@remax.net
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