Boulder Real Estate: October 2011

Boulder, CO Condos For Sale: A market review of the past 12 months (through September, 2011), indicates that the overall Boulder condo market has improved.  Using IRES data as of today (10/12/11), you might be surprised at the variety of condo/attached dwelling inventory available in the City of Boulder, with units ranging in price from under $100K to nearly $6M!  And with 433 attached units on the market today, IRES reports that 65 (or 15%), are under contract.  Feel free to review a statistical report that summarizes the general Boulder condo market activity over the past 12 months:

It's typical for there to be some seasonality in Boulder condo-market stats, but the data in the above report reflects some note-worthy trends.  Specifically, the 13.8% increase in the median price of a sold listing is encouraging, as is the increase in the average price/square foot, the decline in the MSI (months' supply of inventory), and the decrease in the DOM (days on market).  The combination of all these factors is reflective of an improving market overall; however, it is important to note that these results do not apply to every market segment.  Boulder luxury condos have not performed as well in the past year, with longer marketing times and higher inventory being common.

If you've been considering buying or selling a Boulder condo or if you would like more specific information on a particular sub-market in Boulder, feel free to contact us at 303-441-5647 or visit us online.