Wednesday, June 28, 2017

Boulder Market Update [Analyze This]

by Osman Parvez
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Since Friday, I've had two closings, twelve client appointments, and helped one of my buyers beat out several offers in a bidding war. With last week's motorcycle trip, it's been hard to find time to blog, but in light of the drop in pending sales on the national level, I want to share some local Boulder market data. 

Remember: Intelligent real estate decisions are based on a deep understanding of market conditions. There is no short-cut. 

Over the last thirty days, sales of detached single family homes in Boulder were up 5.2% compared to last year.  Attached dwellings (i.e. condos, town homes) dropped 25% over the same time period. 

As of this writing, there are 175 attached dwellings on the market in Boulder. 49.1% are under contract. Most analysts say 6 months of inventory is about right for a healthy, balanced market.  The Boulder real estate market has two months of inventory for attached dwellings. For houses, 253 properties are on the market and 35.3% of inventory is under contract.  That's about three months of supply. 


no chart, my cute dogs instead
Total inventory is up 10% for houses and 13.6% for attached dwellings in Boulder, year over year, respectively. As I've noted before, the market is cooling

What does this mean for your personal buying or selling strategy? Talk to a Realtor who understands their fiduciary responsibility and acts like an adviser, not a pushy salesperson

Sorry, no time for pretty charts this week. You've got the most up to date data, make your own. I'm off for my morning run.  After that, I've got two sets of clients and about a dozen properties to see between Boulder and Longmont. 

Pro Tip: If you want our most analytical content, click the analysis label in the sidebar. 

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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties.   We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 

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