Eye Candy and Boulder Sales Volume – Analyze This
by Osman Parvez
You’re looking at sales volume for the period January 1 to June 15 for the past several years. Houses are green, town homes and condos are orange (a nice peas and carrots effect, don’t you think?)
Real estate closings have slowed. Condos and town home sales have dropped about 4% but home sales have fallen far more. Sales volume is down nearly 21%. Don’t trust one of my competitors telling you differently. They’re selling you something (or clueless).
It’s not a one month aberration either. April was the only month with sales higher than last year. Take a look at the table on the right showing a break down of monthly sales volume for houses (click for a larger image). The % change only refers to 2014/2013.
A good part of this is driven by a lack of selection. As of this writing, there are only 179 houses and 147 condos/town homes on the market (not under contract).
What Choice Do You Have?
Available houses start at $60K (for a double wide on Valmont) to $6.8MM for a 9,000+ SF of mind blowing trophy home on nearly an acre at 5th and Kalmia. The median asking price is $920K with an average ask of $1.3MM. Here’s the full list of what’s available.
Condos start at $108K and stretch to $3.9MM. The median price is $347K the average is $517K. Here’s what currently available.
Note the skew between median and average. It’s another big factor slowing down sales in Boulder. If you’re limited to the lower end of the market in price, your options are slim to none.
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Osman was a refreshingly honest realtor. He stressed through the entire process that his goal was to make me happy with my home purchase. I greatly appreciated the fact that he never shied away from pointing out the negatives as well as the pluses of different places while leaving the final decision up to me.
We can highly recommend Sophie. Her attention to detail and communication skills are great. Our home was in area that most realtors are not familiar with, but Sophie took extra time to get to know the neighborhood in order to give us quality service. She also brought in a professional photographer to make our home look its best. Even though the listing was in winter, the house sold quickly. With Sophie’s business and people skills, we have no doubt she will be a top realtor in the area.
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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