Boulder County Exceeds $300 Million In Sales For June 2017
The county had solid sales in residential real estate during June. Residential, single family sales came in at a total value of: $281,454,218 Condo/Attached dwelling sales added another $51,423,060 to that.
Numerically, there were a total of 398 residential sales in the county. Seventy eight of these were cash sales, while the majority of transactions, 287, used conventional financing.
City of Boulder Market Statistics
Looking at single family home sales date for Boulder this past June, a couple of key indicators jump out. Perhaps the biggest decline is in the amount sellers are receiving for their homes. In 2016, during June that amount was 100.9% of list. That is, on average, most every home sale was in excess of list price.
This year, we trended back into normal territory. Homes in June were closing for 98.5% of list price. And for the year, we are seeing a similar trend in home sales. Condos however continue to trend for better than list price on average!
New inventory to the market decreased year over year, while total inventory increased. This is a good news/bad news stat. There are more homes on the market – good news! But the best ones are selling quickly. Some of that additional inventory is high priced homes that buyers are leery of committing to.
Overall, there seems to be an upward trend in the months supply of inventory. We are seeing higher numbers of homes for sale relative to the last few years. But, nowhere near the inventory we had for sale, say back in 2007. For now the market remains in a strong Seller’s market.
- Boulder June-2017-Boulder
- Superior/Louisville (80027) june-2017-Superior-Louisville
- Lafayette (80026) June-2017-Lafayette
- Longmont June-2017-longmont
A Note About The Oh-Oh-Two-Seven
We are seeing a good bump in inventory in the Louisville and Superior communities. This is really helping to address pent up demand. Part of this increase is the Downtown Superior project located near the Sports Stable.
Condos On The Horizon
With recent legislature changes to the Defective Construction Rules, I expect to see new condos on the horizon. Watch for apartment conversions as well as new projects coming to the area.
Happiest Place On Earth
Colorado has been named the fifth happiest place to live according to this recent article from Travel and Leisure.