October Housing stats

November 14, 2011 in Boulder Housing Stats

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.

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

Economic Report

March 21, 2011 in Financial News

March 8, 2011 –

BOULDER – Some little-known economic facts are out in a new report published by the Boulder Economic Council.

When it comes to salaries, workers in Boulder make an average of $54,924 annually. Those in the information industry earn the highest average salary at $92,780, while workers in accommodation and food services industry jobs earn the lowest average at $17,405.

Of the city’s almost 100,000 workers, more than three times the national average are in the information industry and more than twice the national average work in some sort of professional, scientific or technical services field.

More than 20 percent of the people who work in Boulder are employed by the University of Colorado, at federal labs such as the National Center for Atmospheric Research, or at other governmental entities. Another 15 percent do some sort of manufacturing job.

Companies in Boulder received $84 million in venture capital investment in 2010, or close to 20 percent of the state total. In 2009, that amount was $243 million in funding, or almost 55 percent of the state total.

Other statistics mentioned in the report:

Boulder’s retail sales represent about 44 percent of all Boulder County sales.

The city has roughly 6.6 million square feet of office space, 6.2 million square feet of industrial/warehouse space, 4.5 million square feet of research and development or so-called “flex” space and 4.5 million square feet of retail rentable space.

The median sales price for a single-family home sold in Boulder in 2010 was $535,000, close to a 2 percent increase compared with the $525,000 average price in 2009.

A total of 623 single family homes sold in 2010, up more than 10 percent from the 564 sold in 2009.

Hotel occupancy in Boulder was up by almost 3 percent in 2010 at 65.1 percent compared with 62.4 percent in 2009. Average daily rates were up, too: $116.13 compared with $112.42 in 2009.

Accommodations taxes for the city increased 6.3 percent and sales-tax receipts were higher in most areas frequented by tourists.

The Leeds Business Confidence Index, based on expectations of Colorado’s business leaders rose to 54.8 for the first quarter of 2011. A “neutral” score is 50. In the first quarter of 2009, the index reached a record low 30.6.

The complete report is available online at www.bouldereconomiccouncil.org.

The Boulder Economic Council, an affiliate of the Boulder Chamber, is a group of business and community leaders committed to Boulder and its economic well-being.