Boulder
Home sales trail 2010 by 21% but are ahead of ’09 so far. Average sales price is up 4% over last year and 12% over ‘05’s average. It’s taking on average longer (100 days) to sell homes. Inventory (listings) are down for this time of year for the second year in a row while its 11 months of inventory is up over last year. This is more than double where it was 6 years ago. 5 to 6 months of inventory mark the dividing line between a buyer’s and a seller’s market. More than 5/6 months is a buyer’s market, less is a seller’s.
Broomfield
Sales are down 14% from last year yet Broomfield has not seen the precipitous drop other areas have. Average sales price - so far - is off 15% from 2010, but only down 2% from where it was in ’05 after peaking in ’08. Days to contract are up over last year, as is inventory after declining for 3 years in a row. Due to increased sales and relatively steady listings months of inventory in April dropped to 4.7, a seller’s market!
Erie
Erie year-to-date sales are off from 2010’s tax-credit inspired mini-burst and ahead of this time in ’09. Average sales price is down 9% from last year but only 13% from ‘05. Days to contract is down from last year. Inventory for this time of year is down for the fourth year in a row and is down 24% from 2005. Months of inventory declined to 7 in April and average year-to-date is 8% below where it was 6 years ago meaning Erie is moving toward being a seller’s market.
Lafayette
Lafayette sales to date are also ahead of ’09 and a bit behind 2010. Average price is up for the second year in a row, up 6% over 2010 and hit nearly $376,000 in April. It’s down 3% from where it was 6 years ago. Days to contract are up a bit. Inventory is down once again after 4 previous years of decline. It’s on average down a third from levels 6 years ago. Months of inventory dropped to 5 in April: a seller’s market, at least for now.
Longmont
Longmont’s year-to-date sales in 2010 were boosted by the tax credit and now they’re off again from ’09. Average price declined 7% from a year ago and is down 13% from 6 years ago. Days to contract are steady in the 80’s. Inventory is down for the fourth time in five years and down 38% from 6 years ago. Months of inventory held steady in April at 8.4.
Louisville
Louisville sales also were off from 2010 but ahead of ’09. Average sales price, off from 2010, is up over ’09 and 14% ahead of where it was in ’05. Average days to contract dropped to 42 in April! Inventory is off 19% from last year and 10% below where it was in ’05. Months of inventory was 5.9 in April.
Superior
Superior sales are up 8% over this time last year but down by almost half from 6 years ago. Average sales price is flat from a year ago and up 2% from ’05. Average days to contract is around 90. Inventory is up from last year but lower than ’05. With sales up a bit and inventory down, months of inventory dropped to 4.4 in April: a seller’s market, for the moment.
Mountains
Mountain sales are off 58% from where they were 6 years ago and down again this year but the average sales price is up 9% this year and 8% over ’05 levels. Days to contract dipped to an area low of 78 in April. Inventory contracted 15% from last year and 20% from ’05 levels. Months of inventory in the mountains has always been high, is up in 2011, now at 23, and is almost double from ’05.
Plains
Plains sales year-to-date is up for the second year in a row. Average price is up 7% from last year and 10% from ’05. Average days to contract is steady just over 100. Inventory shot up 2 years ago and has just inched down for the second year. Months of inventory has dropped in half from where it was in ’09 yet still is at over 13.
Options Realty LLC 720-352-82852 AgentDagmar@comcast.net
