BOULDER AREA REAL ESTATE MARKET REPORT – FEBRUARY 2019

Dated: 10/23/2019

Views: 1

Looking back on Boulder’s 2018 real estate market. 2018 was a good year.

Boulder Market Statistics

While the number of sales are down by a small 2% margin (or 35 fewer home sales) to 1616 homes sold, this can be mostly attributable to fewer homes being listed for sale (2263 new listings, down 2.8% from 2017).

The average sales price is up 11% to $888,194.  The median sales price is $715,000 up by 6.4%. FYI, this includes affordable housing sales and everything in between.  And, more houses over $2 million sold in 2018 than ever before.

Days on market is down 12%  All of this points to a very strong market, even with other markets nearby and nationally starting to cool off.

Here’s a Quick Look at Boulder’s 2018 Indicators

Homes Sold1,616-2.1%
Sales Price Avg$888,194+6.4%
Sales Price Med$715,000+11.4%
Days On Market43-12.2%

Seller’s market or buyer’s market?

This graph shows months supply of homes, or inventory over the past several months through current. A buyers’ market occurs when there is 6 months or more of inventory.

A sellers’ market occurs when there is 3 months or less of inventory. In between, it is called a “balanced market”.  Balanced markets occur for a brief time when we transition from sellers’ market to buyers’ market or vice versa.  Typically, a balanced market does not last long. 

Real Estate is Super Local!

While these statistics and data give us a good indication of what is happening and allow us to spot current and future trends, each town within Boulder County, and each neighborhood is special in its own right.  

When you are thinking of selling, whether downsizing, upsizing or relocating, contact us to help you determine the current market value of your home, evaluate the conditions in your community, and help you prepare your home for sale.  Call or text 720-295-1604, email info@homes-in-boulder.com.  We’re happy to help and we will always maintain confidentiality and discretion on your behalf.

We look forward to putting all our ample resources and expertise to work for you.  Thank you for reading.

Trish & Jason

Blog author image

Jason Kay & Trish Giassa

Since 2013 Jason has been honing the skills to provide you with one of the best experiences in selling or buying your home: one that is as smooth and as stress free as possible. Prior to real estate....

Latest Blog Posts

Q1 2020 Boulder Real Estate Market Update

Hello everyone!As I look over the Boulder real estate market for the first quarter of the year, I can begin to see how the pandemic influenced the market and what is likely to happen.  Briefly,

Read More

2 WAYS TO BUY A BOULDER HOME SAFELY DURING THE CORONAVIRUS PANDEMIC

These days in real estate, it isn't quite business as usual. But we're finding ways to help people who must buy or sell do it safely! Some are shocked to find out that others are buying homes during

Read More

Are Houses in Boulder Selling Right Now?

ARE HOUSES IN BOULDER SELLING RIGHT NOW?It seems a bit (or a lot) weird to talk about real estate given the new not normal, yet we've had questions from neighbors and clients asking   

Read More

2019 YEAR END BOULDER REAL ESTATE REVIEW

The market took off with a bang starting Jan 1.  Why so  early?  This is actually a nationwide trend. Buyers have been  starting looking for their home early vs waiting for the

Read More