boulder county real estate november 2013 statistics
DESCRIPTION
Real estate statistics presented by Neil Kearney of Kearney Realty Co. in Boulder Colorado. Sales took a big drop in November. Down 8.4% from last November and down 12% from October. After 21 straight months of increased year-over-year sales we have now had two straight months of decline. Year-to-date sales are still up 9.6%. Inventory, or lack thereof, continues to be a challenge. At the end of October there were just 1440 total listings on the market (single family and condos). This is down from 1818 just two months ago. We are like a two cylinder car running on full capacity, topping out at 45 mph. In order to have the market moving forward in 2014 we need to run on 8 cylinders.TRANSCRIPT
Boulder County Real Estate Sales Statistics
November 2013Presented by Neil Kearney, MBA, CRS
303.818.4055www.NeilKearney.com
Copyright 2013 Neil Kearney, Kearney Realty Co.
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January March May July September November
Boulder County Sales by MonthSingle Family and Condos
2009 2010 2011 2012 2013
Were down 8.4% from last
November
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January March May July September November
Number of SalesBoulder County Single Family Only
2008 2009 2010 2011 2012 2013
Single Family sales decreased
12.9% from last
November
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J anuary February March April May J une J uly August September October November December
2007 2008 2009 2010 2011 2012 2013
Homes on the MarketBoulder County Residential The inventory of
available homes keeps dropping.
We are currently down 38% from the
same point two years ago.
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
January March May July September November
Boulder County - Percentage of Single Family Listings Under Contract
2008 2009 2010 2011 2012 2013
The under contract percentage
increased this past month but much of the increase is due to falling inventory.
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Axi
s Ti
tle
Weekly Under Contract
2010
2011
2012
2013
The activity has been falling over the last month.
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Sale
s
Boulder County Real Estate Number Sold - Weekly
2010
2011
2012
2013
Sales are up 9.6% year-to-
date, but closings were down 8.4% in November.
The spikes on this graph show the increased
activity at the end of each
month.
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Boulder County Real EstateNew Listings - Weekly
2011
2010
2012
2013
The flow of new listings to the market hasn’t kept up with the sales pace this
year. This has caused shortages in supply and has contributed to increased prices.
My View of the Market Sales took a big drop in November. Down 8.4% from
last November and down 12% from October. After 21 straight months of increased year-over-year sales we have now had two straight months of decline.
Year-to-date sales are still up 9.6%. Inventory, or lack thereof, continues to be a challenge.
At the end of October there were just 1440 total listings on the market (single family and condos). This is down from 1818 just two months ago.
We are like a two cylinder car running on full capacity, topping out at 45 mph. In order to have the market moving forward in 2014 we need to run on 8 cylinders.
Copyright 2013 Neil Kearney, Kearney Realty Co.
If You Plan To Make a Move Plan to call the area expert.
Copyright 2013 Neil Kearney, Kearney Realty Co.