Market Outlook: A Mixed Bag The number of sales are down YTD 2011 compared to this time last year, but every Boulder County community has shown increases in both the average and median sales price of single-family homes.
The brightest spots for single-family home prices are Louisville and Superior both with an average price increase of about 5%. Townhome/condo prices continued to struggle, with average and median prices falling or remaining the same in the majority of Boulder County markets. However, townhome/condo prices in the city of Boulder saw an average price increase of 6.3%, with Gunbarrel prices increasing an average 9.6%.
The decrease in the number of sales in the first half of 2011 compared to the same period in 2010 is most likely due to last year's Federal Tax Credit.
It will be interesting to see if the stats even out as we progress through 2011. I will certainly keep you informed as we move forward. For the latest statistics on Boulder County home and condo sales, with year-to-year comparisons, days-on-market statistics and more: Market Sales Stats |
What's Hot: Investment Property In the first six months of 2011, sales of Boulder investment property are up 38% over last year at this time. Moreover, almost half the transactions have been cash sales! It may be too early to consider this a trend, but there seems to be a flight by many investors to hard assets, and as a result Boulder income property is benefiting. With uncertainty in other investment markets and the Boulder rental market strong (0-3% vacancy rate), investors are buying into our market - many with cash rather than conventional financing. Boulder's situation mirrors a national wave of increased cash activity. All-cash purchases nationwide - 32% of activity in January - are at the highest level since the National Association of Realtors started measuring cash transactions in 2008, when they accounted for 15% of sales. |
WSJ: Boulder One of 25 to Rebound from "Bottom" The Wall Street Journal recently named Boulder as one of the 25 real estate markets that had recovered from the housing recession, and a good place for investment. This is great news for those of us who own property in Boulder and perhaps another good indicator that the market is beneficial both for buying and selling property.
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