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Home WHAT'S HAPPENING IN THE BOULDER-DENVER REA...

WHAT'S HAPPENING IN THE BOULDER-DENVER REAL ESTATE MARKET

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Boulder & Broomfield County
Residential Statistics
September, 2008
City of Boulder
Single Family Sept. 07' Sept. 08' % Change Attached Dwelling Sept. 07' Sept. 08' % Change
Total # Sold - Month 69 51 -26.10% Total # Sold - Month 37 55 48.60%
# Sold - YTD 743 607 -18.30% # Sold - YTD 631 593 -6.00%
Avg. Days to Contract 55 44 -20.00% Avg. Days to Contract 58 72 24.10%
# of Active Listings 421 407 -3.30% # of Active Listings 444 412 -7.20%
Median Sales Price 580,000 468,500 -19.20% Median Sales Price 240,000 261,126 8.80%
Average Sales Price 680,743 513,537 -24.60% Average Sales Price 285,109 302,560 6.10%
City of Lafayette
Single Family Sept. 07' Sept. 08' % Change Attached Dwelling Sept. 07' Sept. 08' % Change
Total # Sold - Month 22 21 -4.50% Total # Sold - Month 10 11 10.00%
# Sold - YTD 255 203 -20.40% # Sold - YTD 119 98 -17.60%
Avg. Days to Contract 37 72 94.60% Avg. Days to Contract 55 109 98.20%
# of Active Listings 171 121 -29.20% # of Active Listings 90 41 -54.40%
Median Sales Price 290,000 313,250 8.00% Median Sales Price 231,500 169,500 -26.80%
Average Sales Price 358,685 325,386 -9.30% Average Sales Price 214,630 188,363 -12.20%
City of Louisville
Single Family Sept. 07' Sept. 08' % Change Attached Dwelling Sept. 07' Sept. 08' % Change
Total # Sold - Month 15 11 -26.70% Total # Sold - Month 5 3 -40.00%
# Sold - YTD 191 173 -9.40% # Sold - YTD 76 44 -42.10%
Avg. Days to Contract 62 33 -46.80% Avg. Days to Contract 55 89 61.80%
# of Active Listings 74 64 -13.50% # of Active Listings 37 30 -18.90%
Median Sales Price 365,000 359,000 -1.60% Median Sales Price 211,500 253,706 20.00%
Average Sales Price 379,981 384,400 1.20% Average Sales Price 220,880 254,704 15.30%

Single Family Sept. 07' Sept. 08' % Change Attached Dwelling Sept. 07' Sept. 08' % Change
Total # Sold - Month 87 91 4.60% Total # Sold - Month 19 24 26.30%
# Sold - YTD 833 827 .-0.7% # Sold - YTD 173 183 5.80%
Avg. Days to Contract 76 74 -2.60% Avg. Days to Contract 78 92 17.90%
# of Active Listings 797 501 -37.10% # of Active Listings 226 174 -23.00%
Median Sales Price 239,000 219,500 -8.20% Median Sales Price 197,000 160,000 -18.80%
Average Sales Price 257,912 245,637 -4.80% Average Sales Price 224,076 196,484 -12.30%
Town of Erie
Single Family Sept. 07' Sept. 08' % Change Attached Dwelling Sept. 07' Sept. 08' % Change
Total # Sold - Month 29 29 0.00% Total # Sold - Month 3 0 -300.00%
# Sold - YTD 221 234 5.90% # Sold - YTD 32 17 -46.90%
Avg. Days to Contract 72 97 34.70% Avg. Days to Contract 90 n/a n/a
# of Active Listings 208 172 -17.30% # of Active Listings 36 23 -36.10%
Median Sales Price 321,271 311,664 -3.00% Median Sales Price 168,000 n/a n/a
Average Sales Price 376,498 331,581 -11.90% Average Sales Price 254,420 n/a n/a
Suburban Plains
Single Family Sept. 07' Sept. 08' % Change Attached Dwelling Sept. 07' Sept. 08' % Change
Total # Sold - Month 36 18 -50.00% Total # Sold - Month 8 4 -50.00%
# Sold - YTD 318 237 -25.50% # Sold - YTD 65 52 -20.00%
Avg. Days to Contract 82 78 -4.90% Avg. Days to Contract 66 83 25.80%
# of Active Listings 247 289 17.00% # of Active Listings 30 31 3.30%
Median Sales Price 479,000 441,000 -7.90% Median Sales Price 153,500 173,000 12.70%
Average Sales Price 663,785 648,861 -2.20% Average Sales Price 167,492 201,000 20.00%

Single Family Sept. 07' Sept. 08' % Change Attached Dwelling Sept. 07' Sept. 08' % Change
Total # Sold - Month 11 12 9.10% Total # Sold - Month 5 5 0.00%
# Sold - YTD 129 96 -25.60% # Sold - YTD 40 31 -22.50%
Avg. Days to Contract 54 81 50.00% Avg. Days to Contract 95 127 33.70%
# of Active Listings 66 45 -31.80% # of Active Listings 28 30 7.10%
Median Sales Price 403,000 432,000 7.20% Median Sales Price 177,000 289,000 63.30%
Average Sales Price 491,041 465,533 -5.20% Average Sales Price 190,100 291,100 53.10%
Mountains
Single Family Sept. 07' Sept. 08' % Change Attached Dwelling Sept. 07' Sept. 08' % Change
Total # Sold - Month 33 23 -30.30% Total # Sold - Month 0 0 0.00%
# Sold - YTD 235 204 -13.20% # Sold - YTD 1 1 0.00%
Avg. Days to Contract 126 115 -8.70% Avg. Days to Contract n/a n/a n/a
# of Active Listings 438 415 -5.30% # of Active Listings 0 1 100.00%
Median Sales Price 315,000 420,000 33.30% Median Sales Price n/a n/a n/a
Average Sales Price 374,956 452,239 20.60% Average Sales Price n/a n/a n/a
Broomfield
Single Family Sept. 07' Sept. 08' % Change Attached Dwelling Sept. 07' Sept. 08' % Change
Total # Sold - Month 32 47 46.90% Total # Sold - Month 3 8 166.70%
# Sold - YTD 313 283 -9.60% # Sold - YTD 72 57 -20.80%
Avg. Days to Contract 76 96 26.30% Avg. Days to Contract 75 169 125.30%
# of Active Listings 210 180 -14.30% # of Active Listings 75 41 -45.30%
Median Sales Price 267,000 383,390 43.60% Median Sales Price 229,751 208,000 -9.50%
Average Sales Price 384,253 393,571 2.40% Average Sales Price 220,583 220,287 -0.10%

The local markets are trying to hold their own in defiance of the national media attention given to the doom and gloom of the housing markets. Although the volume of sales are down sompared to a year ago, the inventory has also declined. And although the average length of time to sell a home now is generally longer than a year ago, in many areas the median and average sales prices have either held steady or increased.

Once again, this data goes to show that Real Estate Markets are local, and that is true within a geographic market area from City to City, or even between neighborhoods. Always be sure to thoroughly analyze the market data in the specific areas of interest to you......regardless of whether you are planning to Buy or Sell a home!

Posted Friday Nov 07