Boulder County October 2009 Real Estate Statistics

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A presentation showing the key statistics for the real estate market in Boulder County for October 2009. Prepared by Neil Kearney all rights reserved.

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Boulder County Real Estate Sales Statistics October 2009 Prepared by Neil Kearney Kearney Realty Co/ Metro Brokers Information can only be used with permission Boulder County Sales Single Family and Condos 800 700 600 500 400 300 200 100 0 January March 2004 May 2005 2006 July 2007 2008 2009 September November Combined residential sales in October were up 7.6%! This is the first year-over-year increase since August of 2007 Number of Sales Boulder County Single Family Only 600 500 400 300 200 100 0 January March 2004 May 2005 2006 July 2007 2008 2009 September November Single family home sales were up 12.1% in October but are down 21% year-to-date. If you look closely, you will see that the shape of the sales curve is much different this year. Flatter with a tilt to the right. Boulder County Median Price Single Family and Condos 350000 300000 250000 200000 150000 100000 50000 0 January March 2004 May 2005 2006 2007 July 2008 2009 September November The median price of combined sales in October was $270,000, last year it was $300,000 and in October of 2007 it was $322,000. The previous charts show that the number of transactions is recovering, this chart and the next chart show that most of the sales are taking place on the lower end of the price continuum. Median Sales Price by Month Boulder County Single Family Only $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $January March 2004 May 2005 2006 2007 July 2008 2009 September November The median price of single family homes which closed in October was $314,000, down 6.3% from last year. This does not men prices have dropped this far, you need more data to figure that out. Boulder County - Percentage of Single Family Listings Under Contract 35% 30% 25% 20% 15% 10% 5% 0% January March May 2007 2008 July 2009 September November The percentage of single family homes on the market that are under contract continues to stay strong. There are fewer homes on the market this year which helps but in general the activity has been consistent. Homes on the Market Boulder County Single Family 3000 2500 2000 1500 1000 500 0 January March May 2007 2008 July 2009 September November This chart shows the total number of single family homes on the market in Boulder County at the end of any given month. Our inventory is just about what it was a year ago. Percentage of Active Listings U/C Single Family Homes 50% 45% 40% 35% 15-May-08 15-Jul-08 29-Sep-08 13-Feb-09 20-Jul-09 24-Aug-09 2-Nov-09 30% 25% 20% 15% 10% 5% 0% Boulder Louisville Longmont Lafayette Boulder County Weld County This chart shows under contract % for single family homes in various locales in our region. Percentage of Active Listings U/C Attached Dwellings 45% 40% 35% 30% 23-Apr-08 15-May-08 15-Jul-08 29-Sep-08 13-Feb-09 20-Jul-09 24-Aug-09 2-Nov-09 25% 20% 15% 10% 5% 0% Boulder Louisville Longmont Lafayette Boulder County Weld County This chart shows the under contract % for attached dwellings throughout the region.

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