BOULDER COLORADO REAL ESTATE STATS, MAY 2016

June 15, 2016

MAY 2016 MARKET UPDATE BOULDER CO REAL ESTATE

and SURROUNDING COMMUNITIES including ESTES PARK

Surreal Vacations From Around The World

La Taha’a Island Resort & Spa – French Polynesia

Glass Floor To View Fish – Ladder Down To Water

If you are planning to move this Summer, please consider contacting us.

ABSORPTION RATE

Simply explained…the rate at which a market absorbs or eliminates inventory.

Unknown to the public, the Days On Market (DOM) from the local MLS Systems

are usually not accurate.

Why…because the MLS calculates the average DOM as the average days

on the market for the listings that have actually sold. What it leaves out of its

calculations altogether are homes that were withdrawn, listings that expired,

listings withdrawn for a day and then relisted to restart the clock, or those

that were never placed in the MLS until they sold (like new construction).

Recently SOLD Properties throughout the Front Range Communities

by various real estate brokers…

121 Canyon River Road – Drake – $325,000 1740 Total Sq Ft – Built 1969 – 0.24 Acre

1163 W 156th Avenue – Broomfield – $730,000 3033 Total Sq Ft – Built 1979 – 4.34 Acres

93 N Ranch Road- Littleton – $1,225,000 5484 Total Sq Ft – Built 1993 – 0.97 Acre

3810 Fowler Lane – Longmont – $859,000 5717 Total Sq Ft – Built 2000 – 0.26 Acre