Friday, June 10, 2011

Real Estate Market Changes: Year-To-Date May, 2011


Single Family Home Sales
                                                           % Change                                     % Change
                    from ’10                                        from ‘09
            Boulder:                                        -17%                                            +31%
            Broomfield:                                   -19%                                               -3%
      Erie:                                              -17%                                            +18%
            Lafayette:                                      -13%                                            +24%
            Longmont:                                     -22%                                            -10%
            Louisville:                                      -15%                                             +3%
      Superior:                                       +8%                                              +8%
            Mountains:                                  -21%                                              +13%
            Plains:                                          +5%                                               +57%

Summary:  Home sales year-to-date May are generally down from last year but up from 2009.


Average Sales Price ’05-’10 + Year-To-Date May’11
                                                           % Change                                            % Change
                   from ’10                                              from ‘09
            Boulder:                                      +3%                                                     +4%    
            Broomfield:                                -14%                                                    -8%
            Erie:                                            -8%                                                      -9%
            Lafayette:                                   +6%                                                     +9%
            Longmont:                                  -6%                                                      -2%
            Louisville:                                   -9%                                                      +3%
            Superior:                                   +2%                                                     +1%
            Mountains:                                +3%                                                     -3%
            Plains:                                       +1%                                                     +2%

Summary:  Average home prices are up in Boulder, Lafayette, Superior and on the Plains and somewhat up in Louisville and in the mountains.


Average Year-To-Date May Inventory
                                                       % Change                                            % Change
                from ’10                                             from ‘09
            Boulder:                                   -3%                                                      -12%
            Broomfield:                               +7%                                                     -11%   
            Erie:                                         -14%                                                    -19%
            Lafayette:                                 -2%                                                      +2%
            Longmont:                                -8%                                                      -4%
            Louisville:                                 -18%                                                    -5%
            Superior:                                 +16%                                                   -9%
            Mountains:                              -14%                                                    -13%
            Plains:                                     -6%                                                      -11%

Summary:  Inventories are generally down everywhere.


Average Year-To-Date May Months of Inventory
                                                        % Change                                            % Change
                from ’10                                              from ‘09
            Boulder:                                   +17%                                                   -33%   
            Broomfield:                              +33%                                                   -8%
            Erie:                                         +3%                                                     -32%
            Lafayette:                                 +17%                                                   -18%
            Longmont:                                +18%                                                   +6%
            Louisville:                                  -4%                                                      -8%
            Superior:                                   +8%                                                     -16%
            Mountains:                                +8%                                                     -23%
            Plains:                                       -10%                                                    -43%

Summary:  Months of Inventory (absorption rate) are generally down from ’09 and up from ’10.


Average Days to Contract Year-To-Date May
                                                        % Change                                            % Change
                from ’10                                             from ‘09
            Boulder:                                  +11%                                                   +7%
            Broomfield:                             +28%                                                   -8%     
            Erie:                                         -9%                                                      +21%
            Lafayette:                                +33%                                                   +26%
            Longmont:                                 +9%                                                     +3%
            Louisville:                                 +17%                                                   -3%
            Superior:                                +63%                                                   +125%
            Mountains:                             -10%                                                    -12%
            Plains:                                     0%                                                        -10%

Summary:  Average Days to Contract are up.