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Uncategorized Marshall Fire Lot update and dramatic drop in Percent Under Contract As we get closer to the one-year anniversary of the Marshall Fire, I wanted to give everyone a look at the progress of the sales of lots where homes were lost. These figures were pulled on Oct. 27th. Anecdotally, it seems like closed prices for lots are dropping. I don’t have hard numbers on that, […]
Uncategorized Interesting changes in the Percent of Single Family Homes I’m seeing an interesting pattern develop in the Percent of Single Family Homes Under Contract across all of Boulder County. In a typical year, we hit the low point in the seasonal cycle sometime in late summer or early fall and then start moving upwards towards the high point of our seasonal cycle which usually […]
Uncategorized 2021 Sales Price to List Price Ratios for Boulder County This should be the last of my slightly delayed looks at the 2021 market numbers. Here I’ll be looking 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 […]
Uncategorized 2021 Boulder County Real Estate Market Review Time to take a look back at the 2021 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 the MLS system such as some new home construction sales, for sale by owner, […]
Uncategorized How will the Marshall Fire affect the Boulder County Real Estate Market One of the dilemmas with writing an article a week or so before publication is that you can say things or use a jocular tone that later on becomes painful to read due to intervening events. Last month’s article was one of those for me due to the Marshall Fire happening after I sent my […]
Uncategorized 2021 Early look Welcome to 2022! Hopefully a more normal year in all regards, but we’ll see. I’m writing this the last week of 2021, so no finalized data yet for last year. Let’s take a quick peek at the 2021 data for single family homes in Boulder County compared to the previous year. This data isn’t final, […]
Uncategorized Q3 2021 FHFA HPI numbers for Boulder County FHFA released their numbers for their House Price Index for the Third Quarter of 2021 and there were many interesting nuggets. From the most recent HPI report: U.S. house prices rose 18.5 percent from the third quarter of 2020 to the third quarter of 2021 according to the Federal Housing Finance Agency House Price Index […]
Uncategorized Condo market share returns to normal I wanted to give an update on a statistical trend I started to notice last year. The high percentage of the homes available in the Boulder County market that are condos. When I first charted this percentage last fall, condos made up just over 30% of our active inventory. As you can see below, that […]
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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 […]
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 […]