The market today~

2016-03-04 10.50.34

Market Summary:

The market is looking very similar to the same time last year. The % under contract, inventory

available and volume of homes sold are very comparable to February 2015. In the last 12

months, appreciation in our local sub-markets is ranging from 6% – 16% for single family

homes, and 8% – 19% for attached dwellings.

Under Contract Ratios and Changing Market Price Points: Colorado’s front range has

experienced historic buyer demand and appreciation over the last 3 years from Castle Rock on

the south to Fort Collins on the north. Buyer demand has been especially strong in the more

affordable segment of each sub-market below a certain price point. In every sub-market, Buyer

demand trends downward as prices increase. Here are the price points for our local

communities:

Boulder = $980,000

 Below $980,000 = 70% under contract

 Above $980,000 = 32% under contract

Louisville = $670,000

 Below $670,000 = 63% under contract

 Above $670,000 = 25% under contract

Longmont = $415,000

 Below $415,000 = 80% under contract

 Above $980,000 = 52% under contract

Lafayette = $550,000

 Below $550,000 = 86% under contract

 Above $550,000 = 48% under contract

Broomfield = $495,000

 Below $495,000 = 71% under contract

 Above $495,000 = 49% under contract

Erie = $405,000

 Below $405,000 = 70% under contract

 Above $405,000 = 44% under contract

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