Boulder County - 2009 Year End Real Estate Market Statistics

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This is a presentation which highlights the year end market statistics and trends for Boulder Colorado and the surrounding area. Information presented includes: Sales Trends, Price Trends, Inventory Trends, Luxury Home Market Analysis. Statistics are also separated into locales including: Boulder, Louisville, Lafayette, Longmont, Erie, Superior, Suburban Plains (Niwot, Gunbarrel) and Suburban Mountains.

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  • This chart shows the total number of single family homes that sold in the City of Boulder along with the number of new listings that came on the market each year. During 2009 single family home sales within the City of Boulder were down 25%. This is higher than the county average of -15% because of the high concentration of higher priced homes. During 2009 fewer high priced homes sold.
  • Sales of all attached dwellings within the City of Boulder were down 16% during 2009. This is in line with Boulder County as a whole.
  • Median Prices within the City were down during 2009. For single family homes median prices were down 2.4% and attached dwellings were down 2.8%. Median sales prices throughout the county over all price ranges were down roughly 5% for the year.
  • Boulder County - 2009 Year End Real Estate Market Statistics

    1. 1. Prepared by Neil Kearney Kearney Realty Co/ Metro Brokers Information can only be used with permission Copyright 2010 All data from IRES, MLS
    2. 2. <ul><li>Number of sales down. </li></ul><ul><li>Homes below the “median” are selling. Different prices for different areas. </li></ul><ul><li>Higher priced homes have trouble finding buyers. </li></ul><ul><li>Slow start to the year and then improving as the year progressed. </li></ul><ul><li>Outside influences include – tight credit, tax credits for first time buyers and low interest rates for conventional loans (up to $417,000). </li></ul><ul><li>Consumer confidence begins a slow return. </li></ul><ul><li>Opportunities in the market – foreclosures, motivated sellers. </li></ul>Copyright 2010 Neil Kearney, Kearney Realty Co.
    3. 3. Copyright 2010 Neil Kearney, Kearney Realty Co.
    4. 4. Copyright 2010 Neil Kearney, Kearney Realty Co. 2010 Median Prices were down 3.6% and 3.9% in 2008 & 2009.
    5. 5. Copyright 2010 Neil Kearney, Kearney Realty Co. In the City of Boulder, sales of single family homes are down 45% from 2004 and were down 25% from a year ago.
    6. 6. Copyright 2010 Neil Kearney, Kearney Realty Co.
    7. 7. Copyright 2010 Neil Kearney, Kearney Realty Co. Prices within the city limits of Boulder have been fairly stable. Median prices for homes were down 2.2% & 2.4% over the past two years and condos were up 3.7% and down 3.6%.
    8. 8. Copyright 2010 Neil Kearney, Kearney Realty Co.
    9. 9. Copyright 2010 Neil Kearney, Kearney Realty Co.
    10. 10. Copyright 2010 Neil Kearney, Kearney Realty Co. On average it would take 6 ½ months to sell all of the current inventory of single family homes given the sales pace over the past year.
    11. 11. Copyright 2010 Neil Kearney, Kearney Realty Co. It would take just under 6 months to sell all of the current inventory of condos in the county if 2009’s sales pace continues
    12. 12. Copyright 2010 Neil Kearney, Kearney Realty Co. All Sales of residential real estate within the City of Boulder were down 21% during 2009.
    13. 13. Copyright 2010 Neil Kearney, Kearney Realty Co. Median prices for all residential real estate in Boulder was down 1.7% during 2009.
    14. 14. Copyright 2010 Neil Kearney, Kearney Realty Co. Sales in Louisville bucked the trend and were up 3% during 2009.
    15. 15. Copyright 2010 Neil Kearney, Kearney Realty Co. Median prices in Louisville have climbed each year. During 2009 prices were up 3.7%.
    16. 16. Copyright 2010 Neil Kearney, Kearney Realty Co. Sales in Lafayette were down 16% last year & down 49% from the 2003 peak.
    17. 17. Copyright 2010 Neil Kearney, Kearney Realty Co. Median prices have been fairly stable in Lafayette, just down 1.6% over the past 2 years.
    18. 18. Copyright 2010 Neil Kearney, Kearney Realty Co. Sales in Longmont were down 15% for the year and down 46% from the peak back in 2000.
    19. 19. Copyright 2010 Neil Kearney, Kearney Realty Co. Median prices in Longmont have spent most of the decade between $210,000 and $230,000
    20. 20. Copyright 2010 Neil Kearney, Kearney Realty Co. Sales in Superior were up 7% in 2009.
    21. 21. Copyright 2010 Neil Kearney, Kearney Realty Co. Median prices have been fairly stable in Superior. Prices were up $3,000 during 2009.
    22. 22. Copyright 2010 Neil Kearney, Kearney Realty Co. Sales have remained strong in Erie. The mix of new construction and relatively low prices have held sales to within 16% of the all-time high.
    23. 23. Copyright 2010 Neil Kearney, Kearney Realty Co. The spike in 2006 is when Anthem Ranch went online.
    24. 24. Copyright 2010 Neil Kearney, Kearney Realty Co. Suburban Plains includes, Niwot, Gunbarrel and all unincorporated land within Boulder County.
    25. 25. Copyright 2010 Neil Kearney, Kearney Realty Co. Median prices in the Suburban Plains dropped $50,000 during 2009. Mainly because of the predominance of expensive homes in the area which were not selling.
    26. 26. Copyright 2010 Neil Kearney, Kearney Realty Co. The mountains have been hard hit, since 2004 sales are down 56%.
    27. 27. Copyright 2010 Neil Kearney, Kearney Realty Co. Even though sales are down, prices have held their own in the mountains.
    28. 28. Copyright 2010 Neil Kearney, Kearney Realty Co. After a meteoric rise, the number of properties selling over $1 million has fallen 46% over two years.
    29. 29. Copyright 2010 Neil Kearney, Kearney Realty Co.
    30. 30. <ul><li>Quick start due to extended tax credit and low interest rates. </li></ul><ul><li>Interest rates will rise during the year. </li></ul><ul><li>Foreclosures and short sales will continue to be a large segment of the market. </li></ul><ul><li>Look for more distressed sales in the upper ranges. </li></ul><ul><li>I think 2010 will be a recovery year – heading the right direction. </li></ul>Copyright 2010 Neil Kearney, Kearney Realty Co.
    31. 31. Copyright 2010 Neil Kearney, Kearney Realty Co. Neil Kearney Broker/Owner Kearney Realty Co. / Metro Brokers For ongoing information and analysis visit www.NeilKearney.com

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