Second quarter statistics show continued market strength. The median sales price is up 2.4% in Boulder County for single family homes and 8.1% for condos as compared to 2013 (also a big year). The biggest gains in single family homes were seen in the city of Boulder (up 7.2%), the Plains (up 7.9%), and Longmont (up 5.8%). For condos, the big winner is Louisville (up 12.1%).
Properties are selling quicker too. Single family homes are selling 11% faster and condos are selling 23% faster as compared to 2013. The number of active listings in Boulder County is down 6.6% for single family homes and 11.6% for condos compared with 2013. Overall, the number of sales has been steady in 2014; Boulder and Louisville single family homes being the exception due to lack of inventory.
It's clear that the current market is rewarding sellers who are reasonably priced and ready to go. Buyers can actually realize value too - - with the right approach. Give me a call if you are considering selling or buying. I can help you maximize your opportunities.