Boulder 1Q Sales Analysis Continued...

A reader noticed the drop in sales for March and asked which price range was most responsible. I thought it was a good question and deserved a little more analysis.

The following charts lay out the number of homes sold by price point. The first two charts(grey background) are a comparison of 1q06 with the same period from the previous two years. The second two charts (purple background) are for the month of March as compared to the previous two years. The little percentage label in these charts indicate the change from the preceding period.

The last chart(green background) lays out the quarterly and monthly volume difference from the previous year.

I would caution anybody from drawing conclusions based on a single month's data. With a dataset composed of small sample sizes, a week of bad weather could easily drop sales enough to make a difference. I have much more confidence in trends that emerge from several months of data or quarterly comparisons.

As I've mentioned before, if you're thinking about buying or selling the most useful information is on your property's segment of the market. So, if you're thinking about selling an unimproved Martin Acres Ranch in South Boulder, the $700 to $800K hotspot isn't particularly relevant (Most homes in Martin Acres are valued from $300 to 400K and this segment looks strong).

I also have the data and charts for homes valued above $1MM. If you're interested in the high end of Boulder's market, give me a call (303.746.6896). I'm happy to send you the analysis.

p.s. The Italian flag colors are just for fun, given the voting situation unfolding today.












Tags:Boulder, Colorado, Real Estate, Boulder Real Estate, Sales Analysis, Trends, First Quarter.

Note: Our objective is to make this blog one of the best resources on the web for real estate and development in Boulder Colorado and surrounding communities. The ideas and strategies in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. The Silver Fern Team does not provide legal, tax, or investment advice and is in no way responsible for investment results derived from this article. One should always conduct due diligence before buying or selling real estate or other investments and consult with a tax, legal, and investment advisor. Like what you've read? Subscribe to this blog and get new posts in your email.

Sphere: Related Content