boulder county real estate statistics august 2016

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Boulder County Real Estate Sales Statistics August 2016Presented by Neil Kearney, MBA, CRS303.818.4055www.NeilKearney.comCopyright 2016 Neil Kearney, Kearney Realty Co.

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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.

Copyright 2016 Neil Kearney, Kearney Realty Co.

Inventory has been consistently below past years 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.

Copyright 2016 Neil Kearney, Kearney Realty Co.

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.

Copyright 2016 Neil Kearney, Kearney Realty Co.

Overall the market activity has been a bit lower than the past few years. Fewer listings on the market and fewer sales.

Copyright 2016 Neil Kearney, Kearney Realty Co.

This chart shows the number of properties going under contract each week. This shows that there has been less activity than in recent years.

Copyright 2016 Neil Kearney, Kearney Realty Co.

Through the end of August, sales are down 10% from 2015.

Copyright 2016 Neil Kearney, Kearney Realty Co.

Prices have been consistently rising over the past five years.

Copyright 2016 Neil Kearney, Kearney Realty Co.

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 its 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 wont be quite as strong. However, its all relative, we still have a vibrant strong market. Maybe we wont 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.

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