Market Update for June 2013

Active listing comparison for June '12 - June '13Tracking statistics gives us a clear view into our real estate market and points out trends and helps us forecast into the next few months.  The numbers for June have been posted and we’d like to share some observations with you.  The statistics compare June ’12 to June ’13 and we have figures for the Denver MLS as a whole and then we drilled down into our Boulder County communities – which as always gives a very different picture.

Overall MLS highlights for the entire Denver metro area:

  • 19% increase in the number of closed sales year to date
  • 39.4% decrease in average days on the market – in June it was 43 days for entire MLS
  • 16.7% decrease in active listings
  • 7.7% increase in average price sold – $349,339 in June for entire MLS

When you compare these statistics to our local market you’ll see we are in line with the trend but here are a few standouts:

  • Most Boulder County markets saw a decrease in number of closed sales year to date instead of the 19% per MLS for entire Denver Metro area
  • Denver Metro along with Louisville and Broomfield had similar decreases in average days on the market.  But Boulder and Superior had huge reductions and saw their average days to contract plummet  57-61%.
  • Active listings are tight – especially in Louisville, Superior and Broomfield.  See chart above for details.
  • The average price sold increase of 7.7% is good for folks in Denver Metro area but our communities saw increases up to 22%.
  • The average price sold was $349,339 for our Denver Metro MLS but looking at our communities separately you’ll see the lowest average price sold is significantly higher at $418,000 in Lafayette and as high as $744,225 in Boulder.

Here are the MLS highlights by community:

Boulder

Boulder June’12

Boulder June’13

% Change

# Sold YTD

403

396 -1.7%
Ave Days to Contract

56

24

-57.1%

# Active Listings

358

311

-13.1%

Ave Sales Price

$658,411

$744,225

13.0%

Lafayette

Lafayette June’12

Lafayette June’13

% Change

# Sold YTD

140

149

6.4%

Ave Days to Contract

63

56

-11.1%

# Active Listings

97

87

-10.3%

Ave Sales Price

$381,492

$418,102

9.6%

Louisville

# Sold YTD

111

107

-3.6%

Ave Days to Contract

33

21

-36.4%

# Active Listings

81

62

-23.5%

Ave Sales Price

$418,750

$482,595

15.2%

Superior

 Superior June’12

Superior June ‘13

% Change

# Sold YTD

73

66

-9.6%

Ave Days to Contract

38

15

-60.5%

# Active Listings

56

35

-37.5%

Ave Sales Price

$404,519

$496,928

22.8%

Broomfield

 Broomfield June’12

Broomfield June ‘13

% Change

# Sold YTD

207

204

-1.4%

Ave Days to Contract

47

37

-21.3%

# Active Listings

123

93

-24.4%

Ave Sales Price

$367,560

$429,494

16.9%

This is why news stories about the real estate market should be taken with a grain of salt because aggregated statistics generally tell a different story than what we see here in Boulder County and then in our communities.  If you would like a real estate professional who intimately understands the Boulder area please give us a call at 303-579-1617.  We’d be happy to explain how these numbers can play into your real estate plans.

I am a Boulder County real estate specialist. Over the past three years, I have earned the distinction of being named a 5280 Five Star Realtor. This puts me in the top 7% of all Realtors in the Denver Metro Area for customer satisfaction. If you would like to schedule a buyer or seller meeting with me, please feel free to call me at 303-579-1617 or contact me by email.

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