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.
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.