Boulder Real Estate: Boulder County Homes For Sale: The 2010 Boulder Real Estate Market

Boulder County homes for sale: The 2010 Boulder real estate market has really been a mixed bag so far - based on IRES sales data as of 5/04/10, single-family re-sale home prices are up in some areas of Boulder County, down in others; inventory reflects balance in some areas (6 to 12 months), imbalance in others (over 12 months).  It's difficult to characterize the "market" without breaking it down by price range.  In our market right now, price point plays a big role in performance.  The short answer for those buying or selling Boulder homes is that it really depends on what price range your home is in.

The federal tax credit for home buyers expired on 4/30, but it had some influence on the Boulder real estate market.  Boulder home buyers have tended to gravitate towards the lower end of the price range while seeking this credit, skewing the overall results a bit.  For example, the months' supply of inventory (absorption) in Boulder County in the price range up to $250K, reflects the lowest level of 7.5 months; the highest level of 39.4 months is in the market segment above $1.5M.

Overall, Boulder-area median home prices are down slightly over the last 6 months but again, it varies significantly depending on the price range.

The two above charts are good examples of how Boulder County home-sale results (Boulder and Longmont, specifically), really do depend on location; the top chart is the median price of a sold listing in the City of Boulder residential re-sale market over the past 6 months, and the bottom chart is Longmont real estate.  Boulder is actually down about 4%, while Longmont is up about 2%.  What's interesting is that Longmont has seen the vast majority of foreclosures in Boulder County recently.

In terms of overall year-over-year sales volume in Boulder County, up to about $800K the number of sales is actually up in the 1st quarter of 2010 vs. 2009; over that break-point, we're seeing flat to declining sales volume.  The "sweet spot" (if there is such a thing), seems to be in the $400K to $800K price range, where year-over-year sales volume is up an impressive 64% (200 vs. 122).

We specialize in Boulder Valley real estate and helping people relocate to our area.  If you're interested in Boulder real estate, are thinking about buying a Boulder home or about moving to Boulder, CO, we'd be happy to help.  Feel free to call 303-441-5647 or contact us online.