August 22, 2016
JULY 2016 MARKET UPDATE BOULDER CO REAL ESTATE
and SURROUNDING COMMUNITIES including ESTES PARK
The Spell of Canyon DeChelly – Art Work by Jack Sorenson
Many of you have asked me to provide a chart that would compare Average Sales Price
to Median Sales Price for the first half (six months) of 2016, so…below is an overview
of sales activity for single family detached homes in various Boulder Valley areas,
courtesy of IRES – Northern Colorado MLS. Of special note is the Average Sales Price
in Boulder at $1,015,134 and Niwot at $1,068,270.
| TOTAL | HOMES | AVERAGE | SALES | MEDIUM | SALES | |||||||||||||
| SD | PR | PR | ||||||||||||||||
| 01/01/15 | 01/01/16 | 01/01/15 | 01/01/16 | 01/01/15 | 01/01/16 | |||||||||||||
| LOCATION | 06/30/15 | 06/30/16 | % | 06/30/15 | 06/30/16 | % | 06/30/15 | 06/30/16 | % | |||||||||
| Boulder | 497 | 460 | -7.4 | 914,163 | 1,015,134 | 11.0 | 739,000 | 867,637 | 17.4 | |||||||||
| Erie | 240 | 188 | -21.7 | 445,224 | 478,366 | 7.4 | 409,250 | 478,366 | 16.9 | |||||||||
| Lafayette | 147 | 118 | -19.7 | 499,889 | 569,527 | 13.9 | 456,280 | 499,000 | 9.4 | |||||||||
| Longmont | 693 | 627 | -9.5 | 371,141 | 421,165 | 13.5 | 319,000 | 360,000 | 12.9 | |||||||||
| Louisville | 99 | 86 | -13.1 | 571,241 | 636,492 | 11.4 | 520,000 | 645,050 | 24.0 | |||||||||
| Lyons | 44 | 56 | 27.3 | 431,636 | 424,419 | – 1.7 | 473,750 | 417,000 | -12.0 | |||||||||
| Mountains | 187 | 167 | -10.7 | 518,296 | 615,062 | 18.7 | 445,800 | 470,000 | 5.4 | |||||||||
| Niwot | 42 | 36 | -14.3 | 740,418 | 1,068,270 | 44.3 | 592,500 | 892,500 | 50.6 | |||||||||
| Plains | 317 | 308 | – 2.8 | 645,112 | 729,123 | 13.0 | 546,000 | 608,750 | 11.5 | |||||||||
| Superior | 56 | 66 | 17.9 | 556,602 | 633,115 | 13.7 | 485,000 | 634,250 | 30.8 | |||||||||
| TOTAL | 2,322 | 2,112 |
So…for whatever it’s worth…my humor…sort of…
from Henry Ford many years ago…”If I had asked people
what they wanted, they would have said faster horses.”
Almost all real estate brokers have stories about the buyer who was very particular about
what they wanted in their new home, then bought almost the exact opposite. Demand
for homes remains high, interest rates are low (3.625% per annum), and home prices
have risen in most front range locations. Homeowners who might otherwise have“moved up”
are not seeing affordable homes available to them which leads to a cycle of low inventory.
To be a well informed buyer…
Ask your real estate broker to obtain from the seller a copy of the home’s CLUE report…
this report lists in detail all the insurance claims filed against the home during
the previous five to seven years. CLUE (Comprehensive Loss Underwriting Exchange).
SEARCH COLORADO HOMES for sale (large maps – easily discernible)…
click on link below…fill in Search Form…contact us to Schedule a Showing.
www.new.coloradosbestbroker.com/search-colorado-homes/
click on link below…fill in Search Form…contact us to Schedule a Showing.
www.new.coloradosbestbroker.com/search-colorado-homes/
WHAT IS YOUR HOME WORTH?
Click on link below, scroll downward past photo to Form,
fill out Form with reasonable detail, click “Submit”…
www.new.coloradosbestbroker.com/colorado-home-sellers/
Click on link below, scroll downward past photo to Form,
fill out Form with reasonable detail, click “Submit”…
www.new.coloradosbestbroker.com/colorado-home-sellers/
If you or family/neighborhood friends might be planning a move this remaining Summer
or coming Fall, please contact us.
Thank You
Bruce Royer
Equity Colorado Real Estate
Direct: 303-589-7168
Toll Free: 800-373-1282
bruceroyer@equityco.net
bruceroyer034@gmail.com
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