Sales Archives - DUNBAR HARDYDUNBAR HARDY

Category: Sales (21)

Jun

MAY 2013 YEAR-TO-DATE BOULDER COUNTY SALES STATISTICS

Well, the most recent stats are in showing what we are feeling - a fast-paced & busy sales season throughout Boulder County! In reviewing May 2013 Year-to-Date (YTD) sales statistics, it shows that the average days on market (DOM) specifically for Boulder homes has decreased 33% ( May 2012 @88 DOM YTD vs. May 2013 @59 DOM YTD). While Boulder homes median sales price has increased 4.5% (May 2012 YTD @$564,812 vs. May 2013 YTD $590,000). The most telling statistic, however, is the 19.5% increase in the number of Boulder homes sold (May 2012 @678 YTD vs. May 2013 @810 YTD). To download May 2013 Boulder County sales statistics: May2013stats

Jan

2012 YEAR-END BOULDER COUNTY SALES STATISTICS

Happy New Year! I hope that this New Year has started off well for you. In trying to catch up with the speed of the real estate market already this year, it is worth clarifying exactly what happened in 2012… In summary, throughout all of Boulder County more properties sold in 2012 vs. 2011. Properties sold faster, less inventory was for sale, and median property values saw noticeable increases. Professionally, my own Sold sales volume increased ~71% from year-end 2011 vs. 2012! It was a good year, with very positive momentum as we now charge ahead into 2013. Right now the major theme in the Boulder County real estate market is VERY limited inventory/properties for sale. Interest rates for buyers are still at historic lows, so it truly is a great time to buy. Limited supply coupled with affordability of financing means it will be a very busy or “hustley” year as we anticipate continued increases in sold values and decreased days of the market. I sincerely appreciate the trust and confidence my clients have had in my efforts to assist in successful buying/selling of local real estate. I will continue to do all that I can to stop in front of the market statistics & property-wise, and I sincerely appreciate any referrals. Have a good beginning of 2013!

Average Inventory

Average Inventory - Slim pickins! Boulder County is experiencing ~7 year lows in available properties. This can clearly be seen in all communities and in both houses & condos/townhomes. 2012 ended with a ~27% decrease in Active properties for sale vs. year-end 2011. As we slip into the spring months and into the 2^nd quarter, more will indeed be coming onto the market, but 2012 year-end statistics clearly show a steady decrease in properties for sale.

Quantity of Homes Sold

Quantity of Homes Sold - More properties sold in 2012 vs. 2011! There are noticeable increases sold volume in all Boulder County communities. Specifically, single-family homes sold were up ~24% and condos/townhomes sold were up ~20% over Boulder County in 2012 vs. 2011. This is positive momentum as we anticipate similar to increased sales volume in 2013.

Days to Contract

Days to Contract - Faster! With limited inventory in 2012, the pace of the market picked up and the overall number of days on market noticeably decreased throughout all communities of Boulder County. Specifically the overall average days on market for 2012 year-end was 91 days vs. 156 days year-end 2011 and 189 days on market year-end 2010. In summary, this means that properties sold twice as fast in 2012 vs. 2010!

Average Sold Price

Average Sold Price - Gains! 2012 also ended with slight increases in the overall average sold prices throughout all of Boulder County. As a whole the local Boulder County market expanded with a ~3.5% increase in the 2012 year-end average price of single-family homes vs. 2011 year-end. Boulder specifically had a 2012 average sold single-family home price of ~$668,000 (highest in the county) vs. Longmont average sold single-family home price of ~$245,000 (lowest in the county).

Median Sold Price

Median Sold Price - Here it is… The true statement of the local market value is looking at the median prices, which is at what value/price did most sales occur. It can be seen that there were overall increases in median sold prices throughout all of Boulder County for 2012 vs. 2011. Specifically in Boulder, single-family homes median sold value in 2012 was ~$585,000 vs. ~$565,000 in 2011. Equity is being gained!

Jan

2013 HOUSING PREDICTIONS by RE/MAX CO-FOUNDER/CEO

Re/Max Co-Founder & CEO, Dave Liniger, offers a brief 2012 summary of the housing market and 10 predictions for the 2013 national housing market. [youtube http://www.youtube.com/watch?v=2Trbvc5-2nU&w=560&h=315]

Jun

SOLD – 2201 PEARL STREET #309, BOULDER

I am pleased to announce the successful sale of this top floor condo (~880 sq ft 1bd/1ba w/loft) in Whittier Square located at 2201 Pearl Street #309 - literally in the heart of downtown Boulder. I represented the seller in this transaction and was also able to secure a buyer for the property. After ~1 week of negotiating, we were under contract with an agreed offer to purchase in ~10 days on the market and successful closed with a local lender providing financing. Small world story on this transaction, the buyer literally used to own a unit directly underneath this top-floor unit ~10 years ago and is now re-locating back to Boulder from back East, ha! Final Sales Price - $247,860.

Apr

2012 1ST QUARTER SALES STATISTICS – BOULDER COUNTY

Happy Spring Season! With the end of the 1st Quarter of 2012 already behind us, the market is literally taking off and roaring into the Summer Season! Gathering 2012 1st Quarter Sales Statistics, I have been able to put together a 4-year 1st Quarter (2009 - 2012) comparison to show "how's our market doing" right now. Buckle up, as we could be in for a BIG 2012!

In summary, sales are noticeably increased in the 1st Quarter (compared to 2011) throughout all of Boulder County, with Boulder and Longmont Sold homes specifically seeing 4-year highs. This increase in Solds is coupled with a 4-year low in the amount of available properties for sale in some markets within Boulder County. This dynamic has created is a bit of a "frenzy" with multiple offers on well-priced new properties placed on the market, and some properties even selling above their asking price. Boulder homes specifically saw a 4-year high in Median Sold Prices, with increases in Median Sold Prices of homes throughout almost all Boulder County communities. Buyers need to act quickly in pursuing new properties on the market. While sellers accurately pricing their homes when placing them on the market, can expect a busy 2nd Quarter of the year.

The market is busier than it has been over the last 4-years, and there is some good positive momentum going into Summer. We will see how Boulder County keeps going into the 2nd Quarter of the year…

Quantity of Homes Sold:

Sales are Up! Houses specifically in Boulder And Longmont saw 4-year highs in Solds for the 1st Quarter of 2012. There were increased homes sold in Broomfield, Lafayette, and Superior, while Boulder, Lafayette, and Superior condos/townhomes also saw an increase in Solds when compared to 1st Quarter 2011. All of these increased Sold volume in these markets throughout Boulder County are perhaps the most encouraging signs I am holding onto as we look at a "good" 2012!

Average Inventory:

Thin! That is the phrase for limited new inventory on the market throughout the 1st quarter of 2012. The 1st Quarter is historically a slow time of year for properties coming onto the market, but 2012 saw a 4-year low in terms of available homes for sale throughout all of Boulder County. The most significant declines in available inventory were houses specifically in Boulder and Longmont along with condos/townhomes in Boulder. This limited supply has created a demand in these specific markets as we now go into the 2nd Quarter of 2012.

Days to Contract:

The 1st Quarter of the year typically has slower traffic, as there are more buyers shopping for homes in the later Spring/Summer months, so 1st Quarter Days on Market typically are longer than most other quarters of the year. Of the homes that did sell in the 1st Quarter 2012, there were actual decreases in the Days on Market in for homes in Broomfield, Erie, Lafayette, and Superior along with condos/townhomes in Erie, Lafayette, Longmont, Louisville, and Superior when compared to 2011. There were increased Days on Market specifically for Boulder homes and condos/townhomes, as well as Broomfield condos/townhomes.

Average Sold Price:

Boulder proper specifically holds its place as the highest real estate values throughout Boulder County, followed by the Plains, which is considered to be larger properties/acreage of ranches and/or some unincorporated parts of the county. There was a ever-so slight decrease in the Average Sold Price of Boulder homes for the 1st Quarter of Solds in 2012, while there was a slight increase in the Average Sold Prices of Boulder condos/townhomes. Overall there were flat to slight increases in Average Sold Prices were seen in homes in Broomfield, Erie, Lafayette, Longmont, Louisville, and even in the Mountains for the 1st Quarter 2012.

Median Sold Price:

One of statistics out of the 1st Quarter Solds in 2012 that caused pause, was a very notable 4-year high in the Median Sold Prices of Boulder homes to $600,000+. This was pushed upward because of some discounted upper-end homes finally finding buyers and getting some great-valued large deals done. Boulder was not alone in this increase in Median Sold Prices, as homes in Broomfield, Erie, Lafayette, and Louisville also saw notable increases. In the condo/townhome world, there were slight increases (when compared to 2011) in Median Sold Prices specifically within Boulder, Lafayette, and Longmont markets.

Apr

SOLD – 4542 SPRUCEDALE PLACE, BOULDER – NEW-BUILT!!

I am pleased to announce the successful sale of 4542 Sprucedale Place located in the new Northfield Village of North Boulder. This brand new home featured 3bd/2.5ba ~2,400 finished sq ft with a main level master bedroom and an attached 2-car garage. Built by Coast to Coast Development, this Energy-Star rated home featured a high-efficiency furnace, double pane low E-glass windows throughout, low VOC paint, water-based hardwood floors, and blown-in insulation. The home came in with a 56 HERS rating (Home Energy Rating System). This home and its features will be a perfect fit for my clients who were looking for a low maintenance, easy floor lag, lock & leave type property plus they received a 1-year builder's warranty! Final Sales price was $679,000.

Apr

SOLD – 2060 5TH STREET, BOULDER (Off Market)

I am pleased to announce that I recently sold a lovely Neo-Victorian home located on the West End of Downtown Boulder at 2060 5th Street. This 5,300+ square foot home was built in 2003 and featured 6bd/5bath, pine hardwood floors, slab granite countertops, walk-out basement with a sauna, and a detached 2-car garage.

The "word-of-mouth" local real estate network secured a successful sale before this property even was listed on the market for sale. Final Sales Price - $1,365,000.

Jan

2011 YEAR-END BOULDER COUNTY SALES STATISTICS (3 YEAR TRENDS)

Happy New Year! I hope the Holiday Season went well for you. With 2011 just ending, I have been able to gather all of the year-end data, conduct a 3-year comparison (2009 – 2011), and create a very good snapshot of current market conditions as we go into 2012.

In summary, Boulder County shows signs of being a relatively “stable” market over the last 3 years in terms of values/pricing largely holding even. This is encouraging as much of the national news is “doom & gloom” with tremendous loss of value. With the overall trend of Colorado and specifically Boulder County population growing, properties are indeed selling. Properties might be taking a little bit longer to sell over the last 3 years, but again, prices/values show a steady-flat trend line.

AVERAGE INVENTORY (2009 - 2011)

We have seen a downward trend in homes for sale (less inventory) in Boulder –specifically from 2009 – 2011. In Boulder-specifically, we have had a very comparable amount of inventory between houses for sale & condos/townhomes for sale. We are also seeing an overall general trend (from 2009 – 2011) of flat/even to slightly decreased inventory of properties for sale (both homes & condos/townhomes) in every Boulder County community.

Quantity of Homes Sold (2009 - 2011)

We have seen a similar amount of home sold in Boulder in 2011 vs. 2010, with less condos/townhomes sold in this same timeframe. Ultimately, more houses have sold vs. condos/townhomes in Boulder from 2010 – 2011. We have seen slight decreases in homes sold in Broomfield, Erie, Longmont, and Superior from 2009 – 2011, and slight increases in the quantity of homes sold in Lafayette, Louisville, in the Mountains, and Plains properties. While looking specifically at the condo/townhome market, we have seen a noticeable decrease in the properties sold in Boulder, Longmont, Louisville, and Superior from 2009 – 2011, with more or less stable condo markets in Broomfield, Erie and Lafayette.

Average Days to Contract (2009 - 2011)

We can see a noticeable increase in the number of days on market (DOM) for homes over 2009 – 2011 in Boulder (~85 DOM), Lafayette (~85 DOM), Louisville (~65 DOM), and Superior (~70 DOM). The condo/townhome market overall has a noticeable trend of longer days on market vs. houses-specifically. From 2009 – 2011 there is a dramatic increase in days on market for condos/townhomes in Boulder (~150 DOM), Broomfield (~135 DOM), Lafayette (~100 DOM), and Longmont (~105 DOM).

Median Sold Price (2009 - 2011)

There is a slight increase in the home prices that have sold in Boulder- specifically from 2009 – 2011 (~$550,000), with most other communities stabilizing/even over the 3-year trend. Worth noting is a slight decrease in median home prices in Superior and in the Mountains. The median sold prices of the condo/townhome market have seen some increases in Lafayette & Superior with stable prices overall in Boulder, Broomfield, Longmont, and Louisville.

Average Sold Price (2009 - 2011)

With the potential for greater discounting on higher-end & acreage properties, we have seen a slight increasing trend in the average sold prices of homes in Boulder (~$675,000) and on the Plains (~$625,000) from 2009 – 2011, whereas all other Boulder County communities are showing a stable/flat trend-line of average sold values. Minus a decrease in Erie condos/townhomes, we are seeing a relatively stable/flat trend-line of the average sold prices of condos/townhomes throughout Boulder County.

Please contact me if you you like more specific neighborhood/location statistics, as I would be glad to support you however I can!

Jan

NEW LISTING – 4973 NOBLE PARK PLACE, BOULDER

I am proud to announce a new property for sale at 4973 Noble Park Place located in the Noble Park/King's Ridge Neighborhood of Boulder. This south-facing sun-filled 3bd/2.5ba ~1,300 sq ft townhome w/oversized 1-car garage carport is listed for $324,000. This move-in ready property built in 1998 features Flatirons views, brand new bamboo hardwood floors on main level, gas fireplace in living room, gas range in kitchen, forced air furnace, Central AC, and a south-facing master suite w/walk-thru closet & 3/4 bath. This property is located with Christensen Park literally in the backyard and Valmont Dog & Bike Park with trails just down the block. For additional property information CLICK HERE.

Oct

OPEN HOUSE – 745 ARAPAHOE #203, BOULDER

Pleased to announce that I will be hosting an weekend open house at 745 Arapahoe Avenue #203, Boulder – Sunday 10/23/11 1-3pm. This nicely updated/re-modeled 2bd/2ba 1,186 sq ft condo backing to Boulder Creek next to downtown Boulder has also has had a recent price reduction. New Price – $375,000. For additional property information CLICK HERE!

745 Arapahoe Avenue #203, Boulder – OPEN HOUSE 10/23/11 1-3PM