Year to date stats

 

YTD Market Statistics (Year to Date):  Under Contract Statistics

 

U/C – Under Contract: The under contract percentage indicates the current demand for housing at the specific point and time.  In a normal or balanced market, at any given time 25% – 40% of the homes for sale will be under contract.  Less than 25% under contract represents a slow sales market (therefore a Buyer’s market) and over 40% under contract represents an overly active market (therefore a Seller’s market).

 

Condos: June 12’ July 12’ Aug 12’ Sept 12’ Oct 12’ Nov 12’ Dec 12’ Jan 13’ Feb 13’ Mar 13’ Apr 13’ May 13’
   Boulder under $300K 32% 36% 29% 22% 28% 29%   20% 31%      
   Denver under $300K 48% 48% 50% 49% 48% 49%   46% 53%      
   Boulder $300K – $500K 40% 31% 33% 31% 20% 18%   25% 37%      
   Denver $300K – $500K 34% 33% 32% 28% 29% 32%   32% 38%      
   Boulder $500 – $750K 12% 5% 13% 8% 6% 16%   5% 37%      
   Denver $500K – $750K 25% 23% 22% 22% 23% 20%   22% 19%      
   Boulder above $750K 11% 11% 13% 11% 7% 10%   5% 16%      
   Denver above $750K 25% 22% 26% 25% 21% 24%   15% 22%      

 

 

Single Family Homes: June 12’ July 12’ Aug 12’ Sept 12’ Oct 12’ Nov 12’ Dec 12’ Jan 13’ Feb 13’ Mar 13’ Apr 13’ May 13’
  Denver under $250K       55% 55% 55%   57% 61%      
   Boulder under $500K 51% 37% 41% 41% 37% 48%   38% 59%      
   Denver $250K – $500K 50% 47% 46% 40% 36% 39%   38% 47%      
   Boulder $500K – $750K 41% 32% 29% 24% 28% 34%   32% 49%      
   Denver $500K – $750K 25% 23% 22% 20% 19% 23%   26% 28%      
  Boulder $750K – $1mm 28% 21% 17% 17% 25% 30%   11% 19%      
  Denver $750K – $1mm 21% 21% 23% 20% 17% 20%   19% 21%      
  Boulder $1mm – $2mm 21% 23% 13% 11% 16% 15%   14% 19%      
  Denver $1mm – $2mm 19% 16% 13% 13% 17% 15%   14% 17%      
  Boulder above $2mm 21% 25% 0% 0% 7% 0%   0% 8%      
  Denver above $2mm 19% 18% 8% 8% 7% 4%   3% 6%      

 

 

YTD Market Statistics: (through January 31st)

 

Residential:

Location

2012

YTD sold

2013

YTD sold

2012 YTD Median Price

2013  YTD

Median Price

2012

YTD LP/SP

2013

YTD LP/SP

Boulder

32

32

$629,000

$578,500

94.76%

95.75%

Louisville

15

9

$368,000

$370,000

97.92%

Lafayette

12

11

$382,100

$302,500

97.28%

98.3%

Superior

2

13

$343,500

$434,900

98.15%

97.93%

Longmont

54

86

$221,450

$249,950

97.08%

97.77%

Denver Metro

1518

1668

$220,000

$249,000

96.60%

97.77%

 

Attached Dwelling:

Location

2012

YTD sold

2013

YTD sold

2012 YTD Median Price

2013  YTD

Median Price

2012

YTD LP/SP

2013

YTD LP/SP

Boulder

34

36

$197,248

$280,000

95.93%

97.39%

Louisville

0

3

$137,000

97.21%

Lafayette

7

2

$124,900

$161,625

97.30%

94.10%

Superior

4

3

$167,637

$173,000

96.35%

97.76%

Longmont

7

20

$139,900

$163,500

97.33%

97.7%

Denver Metro

518

581

$126,000

$150,000

96.83%

97.56%

 

In a year to date comparison in January, there is not yet enough data to draw too many conclusions.  However, in most segments the volume sold has increased and there is less price negotiations.

 

Boulder/Denver Condominium Market

:

  • Boulder: The condominium market in Boulder remains healthy up to $750K, with more units selling in January 2013 as compared to January 2012, and with less price negotiations.  Boulder’s condo market cools off and becomes a Buyer’s market with prices above $750K.

 

  • Denver: The condominium market in Denver is hot below $300K (a Seller’s market), is healthy between $300K and $500K and cools off above $500K (a Buyer’s market).  The volume of units sold in January 2013 is higher as compared to the same month last year and there is also less negotiation on price.

 

Boulder/Denver Single Family Home Market

 

  • Boulder: Boulder’s single family home market is hot (a Seller’s market) up to $750K, and is stronger than it has been in many years between $750K and $2mm.

 

  • Denver: Denver’s single family home market is even hotter than Boulder’s market up to $500K (a very strong Seller’s market).  The Denver market remain healthy for price ranges between $500K and $1mm and then cools off and becomes a Buyer’s market above the $1mm range.  

 

In Summary: Ample demand and minimal supply.  The market showed a significant increase in activity in 2012 as compared to the previous 4 years.  2013 has started off being even stronger than 2012 with significant Buyer pent up demand, a lack of inventory and low interest rates.  Very little new housing construction occurred in recent years, which limits Buyer choices.  In the lower price range segments of the market, prices are rising, in some cases above the peak values of 2006/2007.

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