Residental Statistics for July 2012

August 9, 2012 in Boulder Housing Stats, Colorado News, Market Info

Pro Cycling Challenge give Colorado economy a boost

October 4, 2011 in Boulder Events, Financial News

Provided by Fox 31:
It is expected to generate an estimated $24 million to the local economy.

Compare that to this event…and you could be talking hundreds of millions.

It’s not just a world class sporting event but for Colorado…it’s a world class shot at the international spotlight.

“I was at the last Coors Classic right here in downtown Denver and it’s just phenomenal,” said Molly Cohen, watching from the sidelines near the state capitol.

It has been 23 years since that last pro cycling event and state tourism boosters say this giant week long party will generate as much as $100 million in direct economic impact.

“It’s great to see major road cycling back in Colorado again,” said Mark Cohn, who was at the Red Zinger Classic back in 1978.

“Colorado’s got a good cycling scene I think last couple of years, three or four years,” said Keenen Reed, “Cycling so it’s good to see more of the racing scene.”

Despite the race going on right here behind them some opted to stay in the tent and watch it on TV.

A worldwide TV audience of at least 100 million was expected to watch.

The race exposes Colorado’s beauty to a potentially huge boost in tourism, which is the state’s second largest industry.

” It’s so great for Denver there’s so many out here it’s just absolutely a perfect day,” said Rob Cohen, a huge cycling fan.

Sponsors call it the largest spectator event in Colorado history.

“It inspires Coloradoans to get involved in their own health and be active,” said Beth Soberg, United Health of Colorado’s CEO. And for us that’s our mission so that means a lot to us.”

And since it’s such a perfect fit for Colorado’s reputation as the fittest state in the nation, some say this event could become our own Kentucky Derby.

On this big final day of huge international exposure, they say we may not know the full extent of the economic benefit for weeks to come.

But it’s been a win, win for Colorado.

August Housing stats

September 12, 2011 in Boulder Housing Stats, Financial News

An update from Dunbar Hardy on the Boulder Market

July 26, 2011 in Boulder Housing Stats, Financial News

2ND QUARTER 2011 BOULDER COUNTY SALES STATISTICS

Overview – Happy Summer! I hope you are doing well and I will attempt to answer the recurring question, “how’s the market doing?” In an attempt to have an accurate perspective of current market trends from the 2nd Quarter of 2011, I have put together the last  3 years of 2nd quarter sales statistics to see how we really are doing right now throughout all Boulder County communities. Again, it is worth noting that throughout 2010 there was a Federal Tax Credit for 1st-time Homebuyers which drove a significant portion of transactions last year. So in a sense 2011 sales figures are not all affected by a Federal Tax Credit and the government, so we have a return to “normal” market conditions. In summary, things are indeed selling and values are largely holding overall (other than in the Mountains), but they are just taking longer to get to the closing table.

 

Avg Inventory

Avg Inventory – We have seen steady high levels of inventory in Boulder single family homes & condos/townhomes, as well as Longmont single family homes over the 2nd quarter of the last 2 years. So in summary, there truly has been more on the market for sale and the amount of inventory will take awhile to be absorbed, which truly makes these specific areas a “buyer’s market.” We can also anticipate a decrease in inventory as we go into the 3rd quarter as some of this inventory will be purchased, others will come off market (Withdrawn), but mainly the peak sales season will be behind us going into Fall.
Days to Contract
Days to Contract – At the completion of the 2nd quarter of 2011 we have had a noticeable increase in Average Days to Contract on Boulder single family homes. Yes, Boulder houses are selling, but they are taking longer – Averaging ~90 Days of Market up from ~60 Days on Market 2nd quarter of 2010. Noticeable is also a steady trend line of Boulder condos/townhomes taking ~120 Days on Market. There have also been increases of Days on Market in 2nd Quarter 2011 vs. 2010 specifically in Broomfield (homes & condos), Lafayette (homes), Longmont (homes & condos), Louisville (homes), Superior (homes), and Mountain (homes). Nothing is really selling “fast” in Boulder County!

Median Sold Price
Median Sold Price – There is a consistent median value of Boulder homes over the 2nd quarter of the last 3 years running (~$550,000), also with noticeable increases in median values of Boulder condos, Lafayette homes, Superior condos, and Plains homes & condos. There is a very noticeable decrease in median values of Mountain homes, as well as “softening” of Superior home prices, Erie and Lafayette condo properties.
Avg Sold Price
Avg Sold Price – There is also a fairly consistent trend of Average Sold Prices for Boulder homes (~$650,000) and a slight increase in Boulder condos (~$325,000). We are also seeing some large properties out on the Plains sell with Average Sold Prices holding ~$600,000. Most communities have remained fairly consistent over this time period, however there are noticeable decreases in average sold prices of Mountain homes, Erie condos, Lafayette condos, and Louisville condos.
Quantity of Homes Sold
Quantity of Homes Sold – At the completion of the 2nd quarter of 2011, we have seen steady sales occur in Boulder (~225), Broomfield and Superior homes, but noticeable decreases in sales of Boulder condos (~160) compared to 2010 (tax credit influenced?) and Longmont homes & condos. We can anticipate further steady sales going into the 3rd quarter, as 2nd & 3rd quarter see the majority of sales activity when compared to the rest of the year. Properties are indeed selling and values are largely holding steady other than Mountain properties primarily.
For more info visit Dunbar’s website at: http://www.boulderrealtynews.com/

Boulder Home Values

June 3, 2011 in Boulder Housing Stats, Colorado News, Financial News

Boulder Home ValuesPosted on June 1, 2011 by Leanne Goff

In the past I have presented monthly sales stats for cities in North Metro Denver and Boulder. Today I thought we could twist it up and take a closer look. In order to illuminate the information I’ve been gathering the data into graphs. As you can see, data has been collected for almost every month since November of 2007, when I started working in Boulder. If there is a month or two missed, please excuse me. This is life and sometimes it gets in the way of my data collection

Being that Boulder is my home base I thought it would be a good place to start. The two graphs below represent overall sales in Boulder. These are a representation of the average sales price and the median sales price. Note that the average sales price can become skewed if there is an outlier pulling it one direction or another. In Boulder we often see the average sale price jump up based on a high end, jumbo sale that month. In this situation we often look to the median sales price. Just a quick math refresher:

me·di·an: adjective /ˈmēdēən/

  • Denoting the middle term of a series arranged in order of magnitude, or (if there is no middle term) the average of the middle two terms. For example, the median number of the series 55, 62, 76, 85, 93 is 76

Overall based on the graphs below you can see that property value in Boulder has not tanked, but rather held strong. Contrary to what we hear on the news, property values in Boulder have basically held their value. There has been a slip, but not by much when considering what we have heard about what has happened in other states like Florida and Arizona. Another interesting thing to note is that attached homes in Boulder (condos, townhomes, flats, duplexes, etc) have an average sales price between $200,000-$300,000 dollars! I think most people are under the impression that home ownership in Boulder is unachievable because there is so much high end property (and there is!) but there are opportunities for everyone depending on how you skin the cat.

Boulder - Single Family Home Values

Boulder Attached Home ValuesThe information attached is based on data collected from IRES, the Boulder and North Metro Denver MLS database. It is deemed to be reliable but is not guaranteed.

For other info go to: http://leannegoff.com/blog1/boulder-home-values/.php

Thanks Leanne Goff!

1ST QUARTER 2011 – BOULDER COUNTY STATS

April 22, 2011 in Boulder Housing Stats

Here we are going into the “busy season” of Spring & Summer with an anticipated increase in inventory and of successful transactions in the 2nd & 3rd quarters. Before the “busy-ness” of Spring/Summer overtakes us, I just received the 1st Quarter Sales Statistics of Boulder County and these are worth reviewing to see how exactly 2011 is shaping up in comparison to the 1st Quarter of 2010.

Quantity of Homes Sold (1st Q 2011 vs. 2011)

 Most areas of Boulder County saw less sales overall, with the most significant drop-off in Boulder itself in both single family homes & condos/townhomes. A few increased number of sales occurred in Louisville single family homes and all types of properties on the Plains.


Average Sold Price (1st Q 2011 vs. 2010)

 Sales Prices overall were relatively stable with increases in single family homes in Boulder, Lafayette, Superior, and the Plains. There were very nominal increases in condo/townhomes sales only in Longmont and Louisville.


Median Sold Price (1st Q 2011 vs. 2010)
The median pricing of 1st quarter sales for single family homes stayed fairly consistent, with increases only in Superior and the Plains. Condos/townhomes saw increases in median pricing in Broomfield, Louisville and Superior.

Average Days to Contract (1st Q 2011 vs. 2010)

1st quarter is typically a slow time of year, however there was a decrease in the days on market-to-contract for single family homes in Boulder, Erie and Longmont. Condos/Townhomes saw a notable decrease in days-to-contract in Boulder, Louisville and Superior.

Real Estate in our neighborhood

April 11, 2011 in Community News, Financial News

March 18, 2011 — BOULDER — Stephen Tebo, owner of Tebo Development Co. and one of Boulder County’s most-prominent commercial property owners, purchased the Valmont Building office building for $3.28 million The 36,492-squree foot building at 5480 Valmont Road in the Aspen Industrial Park was built in 2000. According to LoopNet, an online database of property listings, the building averages 97 percent occupancy and was classified as Class A space. The property was bought on a short sale. “It’s already an excellent building,” Tebo said. “We just want to get aggressive on the rents and get it leased.” R.C. Myles and Jeff Halsey of Cassidy Turley Fuller Real Estate represented the seller, Valmont Building LLC. The buyer used an in-house agent. VITAL RELOCATES: Information technology solutions provider Vital Network Solutions LLC is relocating to the Tierra Business Park in Boulder. Vital Network Solutions has leased about 2,100 square feet of office space at 4760 Walnut St., Suite 108, and will move in May 1, company president Nate Lovell said. The six-year old company employs five people and has outgrown its current location at 75 Manhattan Drive Suite No. 3, which also is in Boulder, Lovell said. Chad Henry of WW Reynolds Cos. was the listing agent. Todd Walsh of The Colorado Group Inc. was the selling agent. CONSTRUCTION ON CHURCH CONTINUES Flatirons Community Church converting abandoned Wal-Mart, Albertsons space Doug Storum Work on Flatirons Community Church’s plan to convert an abandoned Wal-Mart and Albertsons into a new home continues. The church is building a new 4,000-seat sanctuary and space for offices and ministry centers at 355 W. South Boulder Road. Its current home is 400 W. South Boulder Road in Lafayette. The church paid $4.3 million for the space. BROOMFIELD CLICKBANK EXPANDS: ClickBank, a software company that has developed an online marketplace for digital products such as e-books, has relocated its Broomfield offices to accommodate recent growth. ClickBank’s new location is 11001 W. 120th Ave., Suite 450, not far from its former space at 11101 W. 120th Ave. The new space expands the company’s office by 3,189 square feet, according to Broomfield Economic Development Corp. data. ClickBank employs 41 people in the Broomfield office, spokeswoman Heather Sharp said. The jobs are the company’s technology team along with some sales, marketing and business development specialists. ClickBank is a trade name of Click Sales Inc. The privately held company is based in Boise, Idaho, and employs 93 people total, Sharp said. The move was needed to accommodate the company’s steady growth, Sharp said. GEOTREE MOVES IN: A maker of a high-tech ceramic materials that can be used to repair water and sewer lines along with other types of concrete has taken space in Broomfield. GeoTree Technologies Inc. has leased 1,600 square feet at 7249 W. 116th Place. The building will be the company’s warehouse, said Amir Hoda, one of the company’s four founders and partners. The company makes geopolymers that bind to materials. One application is using the polymers to coat the inside of corroding and decaying pipes, Hoda said. “It’s substantially cheaper than digging it up, and substantially less disruptive,” he said. GeoTree Technologies currently employs four people who work from their homes. The company plans on expanding into a new office and to grow to 10 employees by the end of 2011, Hoda said. Chris Ball of Cassidy Turley Fuller Real Estate helped broker the deal. LONGMONT BLUE VISTA LOANS: The Blue Vista housing development, a planned 198-home subdivision in Longmont built by Thistle Community Housing, faces foreclosure. The project, which was planned to have included 100 affordable homes, was financed by Thistle using bonds issued by the Boulder County Housing Authority and loans from the state Division of Housing and the City of Longmont, according to a memo sent to Longmont City Council the week of March 8. Thistle is a nonprofit dedicated to providing affordable housing. According to the memo, it owes more than $4.5 million on the bonds, which were purchased by Guaranty Bank and Trust Company, and an additional $417,000 to Guaranty Bank as part of a construction loan. Longmont supported the project with a $1.42 million from the Affordable Housing Fund and a Community Development Block Grant. The outstanding principal on that loan is $988,000. Thistle has been working, and continues to work, with its creditors to resolve the problem, Thistle chief executive Mary Roosevelt said. Blue Vista has been hampered by bad timing and a difficult real estate market, she said. “It’s been a great project developed during the hardest part of the economic downturn,” Roosevelt said. According to Thistle, 63 homes have been built, with 29 being categorized as “market rate” and 34 as “affordable.” Thistle has paid about $2.5 million on the bonds and more than $2 million on the construction loan, according to the Longmont City Council memo. If Thistle cannot make its payments, Longmont is unlikely to recoup its funds, said Kathy Fedler, community development block grant and affordable housing programs coordinator. It would be the first default made on a loan from the Affordable Housing Fund. About $7.7 million has been pledged to the fund, Felder said. LOUISVILLE LIGHTING FIRM OPENS: A maker of high-quality lighting fixtures is opening a new manufacturing facility in Louisville. Stone Lighting LLC recently signed a lease for 9,700 square feet of industrial space at 1500 Cherry St., Suite W. The location will be the Chicago-based company’s manufacturing facility and will employ between five and 10 people in the first year, said Tavo Gutierrez, a manager of the company. The company’s clients are primarily architects and designers, and the company also does lighting systems for showrooms, Gutierrez said. The company is new to Colorado, Gutierrez said. Todd Walsh of The Colorado Group Inc. represented the listing company. BUYING IN DENVER: A local real estate investment firm that specializes in turning around distressed properties has acquired part of a luxury complex in Denver. Condo Capital Solutions LLC announced March 10 it closed on the purchase of 72 unsold units at the Pinnacle at City Park South, a two-tower, 284-unit luxury property located in Denver’s City Park. Condo Capital Solutions purchased the units for an undisclosed price from the Opus Group, a Minnetonka, Minnesota-based company that is leaving the Denver market. Condo Capital Solutions could not be reached. The Pinnacle, at 2990 East 17th Ave., Denver, was opened in 2008. “Of the initial 284 units, all but 72 are sold and some 13 contracts have sold in the first quarter of 2011. Sports marketing: Endurance Event Marketing LLC signed a lease for 1,020 square feet at 801 Main St. Suite 25. The sports promotion company has a staff of about 10. Dan Ferrick and Michael-Ryan McCarty of Gibbons-White Inc. were the listing brokers. Jim Ditzel was the selling broker. NEDERLAND Yoga time: Tadasana Mountain Yoga LLC has leased 1,323 square feet of retail space at 20 Lakeview Drive No. 110 Caribou Mercantile was the listing company. Patrick Weeks of Gibbons-White Inc. was the selling broker.

Article from Fast Company

April 1, 2011 in Community News, Financial News

Why You Should Start a Company in… Boulder

By: Laura RichJanuary 12, 2010

It used to be, if you were serious about starting a tech company, you went to Silicon Valley. But emerging entrepreneurial hubs around the country are giving startup aspirants options. In this series, we talk to leading figures in those communities about what makes them tick.

When Brad Feld moved to Boulder, Colorado, in 1995, he found a college town that was best known for its rock-climbing and meditation centers. Using a pile of cash from two acquisitions, Feld pioneered a thriving startup scene that now includes 171 fledgling companies (and a city campaign that proclaims “Boulder is for startups”). The Foundry Group, the venture firm that Feld founded, reigns as Boulder’s biggest software and Internet venture capital firm, having fostered entrepreneurial growth through organizations like the incubator TechStars, and investments in local companies including Social Thing and Lijit.

Boulder’s current entrepreneurial ecosystem boasts relocated second- and third-generation entrepreneurs like Kimbal Musk, who with his brother Elon (now of Tesla), started and sold Zip2 and PayPal, and now runs real-time search engine OneRiot. And a few startup junkies like the 25-year-old Andrew Hyde, who has launched four companies, including workshop outfit Startup Weekend, which has toured 52 cities around the world. One of Boulder’s most recent entrepreneur transplants, Joe Stump, left a prestigious position at Digg to launch software firm SimpleGeo in Boulder. Colorado-born tech firm MX Logic, which helped build an Internet-era talent base with its email services business, sold this year to McAfee for $140 million. And one of Feld’s investments, Service Metrix, sold for $280 million in 1999, giving Boulder one of its biggest exits.

Feld spoke recently with FastCompany.com about what makes Boulder’s startup scene unique. What did we unearth? Boulder, CO is a small, highly networked city inhabited by active life-styled, serial entrepreneurs. Brad Felds lays out, in great detail, an entrepreneurial ecosystem that may have the right mix ingredients to be a startup capital.

How would you describe Boulder’s startup scene?

I moved here 15 years ago from Boston, and when I moved here I didn’t know anybody, which is a useful reference point, which is that Boulder is a reasonably small town. It’s 100,000 people, not including the college kids. It’s another 25,000 college kids. It’s a pretty small number of people, but it’s an extremely high concentration of computer science people and PhDs. I think the stat that gets thrown around is that on a per capita basis we’re no. 1 in both of those. That’s important because what happens is you get a very significant concentration of smart people who use technology in their day-to-day work and combined with a very independent personality. It’s a hippy town. My joke about Boulder is that the hippies ran out of gas on their way to the Bay Area and just said, “Eh, I’ll stay here, it’s pretty.” So you sort of have this very independent, high concentration of smart people, combined with sort of a sense that the integration of what you do in work and life is important.

What’s happening in Boulder’s entrepreneurial ecosystem that makes it sustainable?

I think one of the things that makes Boulder special is that you have this larger percentage of people willing to engage in the entrepreneurial community, and that integrate into their life very effectively, versus it becomes this thing that they do for a period of time and then need to go have a life, but still want to be in the same place. Those two things sort of work together.

So, that’s thing one.

Thing two that I think is special is that there’s very little friction here. There’s no commutes; we’re living in a world where it doesn’t matter whether you’re sitting at your desk in your office, you’re sitting in your home, you’re sitting in a coffee shop, you can get work done. Especially with software and Internet-related things, you’re always connected, and as a result, the integration and probably the ability to sustain a level of intensity that’s required is higher.

There used to be a rap on Boulder that people didn’t work very hard. Five o’clock and you’re out on your mountain bike. The problem with that is, and it’s true in other cities that are really high quality of life cities. Yeah, you’re on your mountain bike from five to seven then you’re back at your desk and you’re back in front of your computer at eight and then you work until one in the morning. And you see it within the entrepreneurial strata. I mean, it is not bad to go out for a run in the middle of the day, or a bike ride–because everybody that’s in the entrepreneurial community is working their 12- to 15-hour day day in and day out. And they’re just not working between nine and five. They’re not organizing their day around the morning and evening commute, or whatever those bookends of the natural twelve-hour entrepreneurial day are.

So that’s a big part of it.

The last sort of Boulder differentiator, which I think is really important, is that because of the size of Boulder, it’s big enough to be interesting, but not so big to be overwhelming. It ends up being extremely collaborative place. We’re probably in our third or fourth generation of entrepreneurs here.
The most interesting thing about this most recent wave is that first of all there are a lot of people who made a lot of money in the pre-bubble time frame. So you had a lot of successful entrepreneurs who made meaningful amounts of money. That’s important.

You have a lot of those entrepreneurs that had a success. Wasn’t necessarily their first company, but they had a success. And then, they had a failure between the 1998 and 2003 timeframe. So they started another thing or made some investments that got caught up in the bubble. So they had both a success and a failure in that time. So some set of those people started companies from 2004 forward. They were very mature entrepreneurs. They’re entrepreneurs that had success AND failure and understand what was required to both win and also were humble enough to recognize that you could lose. So you had that against a backdrop of, everybody here is at most two degrees of separation away from any other entrepreneur, because there’s only 100,000 of us, right? And that then is great because what you have is this easy access to everybody. And even though there’s competitive dynamics and occasionally friction, and there’s plenty of personalities. More generally, you tend to see that people try to help each other here, especially around the thing that I think is the generator of new entrepreneurial activity, which is young, first-time entrepreneurs.

Does Boulder breed or attract entrepreneurs?

I think it’s some of both.

I think the core personality in Boulder is an entrepreneurial personality. It’s an independent, hippyish, smart, counterculture place. And those are more entrepreneurial than less entrepreneurial attributes. So I think you start with that.

I think you have an acceptance in this community of both independent thought, as well as a very high comfort level with ambiguity and failure. So if it’s not clear what you’re doing, you’re still very welcome here. And if you’ve had failure, you’re still very welcome here. So the environment is one that’s very comfortable with that.

The other thing which is really useful is smart people attract smart people. Independent people attract other independent people. Progressive people tend to attractive other progressive people. So the entrepreneurial lifestyle tends to attract other entrepreneurs. And I’ve seen that over 15 years in a very reinforced way.

You said recently that good cities for entrepreneurial incubators have “good bones and a chip on its shoulder.” What did you mean by that?

They’re separable but both important. So the good bones concept is: You have to have smart people. You have to have an independent streak, or a culture of independence. You have to have a steady supply of new young people into the community. Because if you don’t, what happens is everybody gets older, has families, changes their priorities. And you have this stagnation until the younger people get sick of the older people not doing anything. So you need to sort of have this steady stream.

You have to have some relevant wealth. So, you know, whether it’s angel or VC investors, having people that have made money from things that are currently being started is important. If you have a bunch of people who made money in real estate, it’s gonna be really hard to build a tech community.

The chip on the shoulder is interesting. I mean, there’s only– The whole Silicon Valley phenomenon is so telling because many major and many minor cities in the country became “Silicon Something”–Silicon Prairie, silicon this, silicon that, Silicon Mountain, Silicon Rabbit, Silicon Elephant. Which is so ironic because silicon is a proxy now for software because Silicon Valley was started because of the chip companies, so it’s even a moniker that doesn’t quite work. The cities that have a little bit of a complex, like, “We can be better,” is a motive because that galvanizes people to action. And my comment consistently to people is not to be like Silicon Valley because you’re not gonna succeed at that. The goal is to be the best you can be of yourself. Learn as much as you can from Silicon Valley and other cultures, but if you’re Boulder, be the best Boulder you can be. If you’re Boston, be the best Boston you can be. So going back to the first comment , use your bones and build something meaningful on that. And then you have more opportunities. Versus so many companies that say here are the three things we’re gonna do: A, B, and C, and here’s our game plan. And that happens for a year or two and then everybody gets bored or they don’t work.

Is Boulder the right context for entrepreneurs with an eye on the kind of billion-dollar exits you see in Silicon Valley?

I think that’s a population dynamic. I’m not a believer that you’re not gonna see billion-dollar exits here. I’ve had one. A company called Service Metrics, was bought for $280 million and by the time we got our hands on the stock after the deal closed it was worth well over a billion dollars. So, that was 1999. So you could say that’s a bubble exit so take it out of the equation. But Verio was a $5 billion sale, and that was a company that was created here. Not in Boulder, but in Denver, so in this region. The argument that there are none doesn’t work for me. On a percentage basis, I don’t know if it’s the same or not. But on an absolute basis, we have way less companies. Almost by definition it’s gonna be less. Oh, by the way, the vast majority of exits aren’t billion-dollar exits anyway. So it kind of comes back to, most software-Internet companies get acquired. We will have that play out here. That will continue to play out.

What does Boulder still need for the entrepreneurial ecosystem’s success?

I think there’s been a ton of energy by entrepreneurs in energizing Boulder in the last four or five years. And that has to continue. There’s no such thing as resting on your laurels. There’s no such thing as being complacent. The entrepreneurial beast is hungry. And if you want to have a great entrepreneurial ecosystem you have to keep feeding the entrepreneurial beast. And it has to be fed all up and down the chain, from some entrepreneurs who are young to experienced entrepreneurs, and they have to keep caring about the place they live in, their community, and the dynamics amongst them, the people in the community.

There’s not a thing we need, but that’s a thing I’d be fearful of. Not about Boulder specifically, but about in general. It’s easy to say, “Look how good we’re doing.” So what. That’s a good way to get to a place where you’re not doing so good.

FEBRUARY 2011 BOULDER COUNTY SALES STATISTICS

March 22, 2011 in Boulder Housing Stats, Financial News

The New Year is off and running and we now have 2 months of Boulder County sales data to look over and analyze in attempting to answer the question how’s the market doing?”


Average Inventory

(2/11 vs. 2/10)There were overall fewer properties on the market (both single family & condos/townhomes) throughout the County in all locations with only a slight increase in Boulder & Broomfield condos/townhomes. We will undoubtedly see inventory increase throughout all locations as we got into March & April.

Average Days to Contract

(2/11 vs. 2/10)Overall the days to contract decreased for homes in Boulder, while increasing in most other locations in the county. Condos/townhomes sat on the market longer other than in Louisville & Superior units. Remember days on market been broken down further even to the specific neighborhood to more accurately determine.

Quantity of Homes Sold

(2/11 vs. 2/10)So far the trend line shows that largely throughout the county fewer homes sold other than in Louisville. With condos/townhomes, Broomfield & Erie saw increases in sales, while everywhere else was equal or less than Feb. 2010. Again, this is fairly typical as we see sales increases as we go into the 2nd & 3rd quarters of the year.

Average Sold Prices

(2/11 vs. 2/10)Boulder saw increases in both single family and condo/townhomes sold values. There were also nominal gains in the median sold prices in Longmont & Superior in both single family homes & condos/townhomes as well. Even with slightly decreased sold prices in other locations it is encouraging because there is not a dramatic drop-off in values.

Stats from www.BoulderRealtyNews.com

State of the union!

March 22, 2011 in Community News, Financial News

The Boulder market is getting very strong again. What a great place to live! With our Hiking trails, open space, shopping and restaurants we are blessed.  The University, Naropa and other educational events like the World Affairs Conference keep us vibrant and stimulated. All of this feeds into our real estate market making it one of the best re-sale markets in the world.  We are seeing great activity in luxury properties, including downtown loft living and single family luxury homes.   There have been cases of multible offers in this areana as well as more modest family homes.
The advertising sector, government labs, Google, the universty and the long awaited arrival of Conoco Phillips will all help the Real Estate Market flourish. We at Walnut Realty have excellent tools to help with home search and great marketing skills to sell your property.