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Uncategorized Boulder County – Percentage Under Contract Increasing We’re seeing an interesting development in the chart of the Percent of the Single Family Homes that are Under Contract in Boulder County. Every fall, that percentage reaches the bottom of its drop from the summer peak and rebounds, usually climbing through to next summer’s peak. There can be an anomaly each year in January […]
Uncategorized The Return of Seasonality? The question I hear everyone debating right now is when will the “Summer Slump” end or if it already has. Interestingly, I am no longer hearing if the “Summer Slump” will end. Brokers and sellers are debating if the recent upswing in market activity is real or just a couple of atypical data points. So […]
Uncategorized Increasing Price Changes? I frequently will feel something in the market and then look to the stats to see if my feeling is confirmed with hard numbers. Lately, it has felt like I’m seeing a lot more price reductions as sellers try to navigate the “summer slump”. Luckily for a little over two years now, I’ve been tracking […]
Uncategorized Boulder County Replacement Rate The market frenzy continues in most areas and price points in Boulder County. Stories of multiple offers and buyers fiercely battling for new homes hitting the market far outweigh the stories of homes sitting for more than the first week. I’ve heard of buyers offering 15%, 20% and 25% over asking to rise to the […]
Uncategorized Unprecedented Under Contract Numbers in Boulder County The activity in the Boulder County market remains very strong as we move into Spring and a time period where we normally see even more strength. I’ve been trying to find a way to convey to my clients just how atypical the last few months have been and have settled on showing them the charts […]
Uncategorized 2020 Sales Price to Asking Price ratios This should be the last of my 2020 market review articles where I look at the percentage of homes selling for asking price or better and how that metric has trended over time. The data I used for this chart has had any sales concessions deducted from the sales price and is for the ratio […]
Uncategorized 2020 Boulder County Sales recap Time to take a look back at the 2020 sales numbers for the Boulder County real estate market. As is usual, these stats are IRES data only and may miss sales only attributed in REColorado and any sales not reported to an MLS system. Due to the duplication problems between the MLS systems, I am […]
Uncategorized Early read on 2020 Boulder County single family sales Hope everyone had a wonderful holiday season and New Year’s! I wanted to give everyone a quick update on the how the market fared as we have most of the 2020 numbers in. I’ll be collecting, digesting, and analyzing the full 2020 numbers once they have all been reported in January of 2021. I have […]
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Uncategorized Q3 2020 FHFA HPI update Hope everyone had a fabulous Thanksgiving! This month I wanted to share the latest FHFA Third Quarter data for their House Price Index (HPI) and also the new conforming loan limits for 2021. From the HPI report: U.S. house prices rose 7.8 percent from the third quarter of 2019 to the third quarter of 2020 […]
Uncategorized Data share is back, Hoorah!/Oh Crud! Data share is back between the two local MLS systems, hoorah!  Data share is back between the two local MLS systems, oh crud, there goes my confidence in all of the statistics! Let me start by saying that having the data share back between IRES and REColorado is objectively a wonderful thing for all local […]
Uncategorized More Condos on the Market? Lately, as I’ve been watching my daily hotsheets, I’ve noticed an apparent shift in the number of condos for sale in Boulder County with many more attached homes showing up than what feels like normal. Whenever I notice something like this, my first step is actually look at our market data to see if the […]
Uncategorized Second Quarter FHFA HPI update I thought I’d take a break from COVID this month and look at the FHFA HPI data for the Second Quarter of 2020. This is the most recent dataset which was just released and probably has some COVID effect in the numbers but not the full extent of the COVID downturn or resurgence. I find […]
Uncategorized Here be Dragons For many price points and areas, the typically slower summer remains red-hot in Boulder County. Surprisingly, in the middle of a global pandemic and a divisive election year, the County is seeing a higher percentage of homes under contract than we’ve seen since 2016 and we may still be climbing! We did have a strong […]
Uncategorized The COVID Roller Coaster We continue to ride the COVID roller coaster with its dizzying plunges and upward swoops. Below is another look at how four metrics are tracking this year compared to last year; the numbers of single family homes Sold, Available, Total Listings and Under Contracts. Some thoughts on this chart. All of these metrics are comparing […]
Uncategorized Buyer Demand versus Seller Desire I think many of us are surprised by the strength in the local market during this time of COVID. I know I keep sifting and analyzing the tea leaves of the numbers trying to determine the direction we’re headed. Recently, I decided to take a look back over the last year and compare the number […]
Uncategorized COVID Market Update The elephant is still loitering in the corner of my home office as the COVID pandemic continues its upheaval of the local real estate market. I find it hard to remember myself the timeline of how the pandemic has played out in our state. As a refresher, our first confirmed Colorado case occurred on March […]
Uncategorized The elephant in the home office There’s an elephant looking over my shoulder as I write this month’s stats article from my home office, “COVID-19”. The question on all of our minds is; how big an impact is this currently having and going to have for both the short term and the long term? We can actually get fairly good real […]
Uncategorized Q3 FHFA Data The Federal Housing Finance Agency (FHFA) just released their Third Quarter House Price Index (HPI) data. As you can see in the chart below, Boulder, Denver and Colorado remain off their 2016 peaks in annual price appreciation yet remained clustered in the positive appreciation area right around 10% annual appreciation, not too shabby.  This might […]
Uncategorized Latest FHFA Home Price Appreciation Numbers The latest FHFA House Price Index (HPI) data came out for the First Quarter of 2018 and I thought I’d spend some time on those stats.  You’ll see in the chart below that the Boulder County MSA, the metro Denver MSA and the State of Colorado are all off their peaks in appreciation as our […]
Uncategorized What’s the High-End – Part II Last month we talked about what a high-end home was. After looking at the data for Boulder County for the last 16 years, I came up with the answer that the top 3% of the market was the high-end. In the raw data, there was a hitch in many years when you reached that 3% […]