boulder county real estate statistics august 2016

Boulder County Real Estate Sales Statistics August 2016

Presented by Neil Kearney, MBA, CRS303.818.4055

www.NeilKearney.com

Copyright 2016 Neil Kearney, Kearney Realty Co.

Total sales in August were

down 9% from last year. Sales are down 10% through the 8 months of the

year.

Inventory has been consistently below past year’s level. This chart represents all active

listings including those that are under contract. So roughly divide by 2 to get the listings on which you could make an offer.

45% of the active listings were under contract at the end of August. We are

starting to see more inventory and fewer

sales so this high number is dropping

a bit.

Overall the market activity has been a bit lower than the

past few years. Fewer listings on the market and

fewer sales.

This chart shows the number of

properties going under contract each week. This shows that there

has been less activity than in recent years.

Through the end of August, sales are down 10% from

2015.

Prices have been consistently rising over the past five

years.

According to FHFA.gov

appreciation in Boulder County for

the year ended June 30th was

14.72% and ranked #1 in the nation.

My View of the MarketThe market has slowed – houses are staying on the

market longer, average negotiation off of list price was 1.5% in August instead of above full price, there are

fewer showings taking place. At the end of the second quarter Boulder County was the #1 area for home

appreciation in the nation and it has been shown again and again it’s hard to sustain such a hot market. The

last two years we have seen good activity in the fall, this year it feels like it won’t be quite as strong. However, it’s all relative, we still have a vibrant strong market.

Maybe we won’t be #1 for long but we are still right up there.

Copyright 2016 Neil Kearney, Kearney Realty Co.

If You Plan To Make a Move Plan to call the area expert.

Copyright 2016 Neil Kearney, Kearney Realty Co.