Friends,
The market is continuing to have more buyers than sellers because of the COVID migration. Sellers, now is the time to come to market.
Aggregate Boulder County Market
2/14 – 2/21, 2021
While our quantity of new listings didn’t win any awards last week, it was in alignment with what we saw in 2018-2020.
Under-contracts were again almost exactly like 2019 again last week, with 2021 under-contracts at 91 and 2019 under-contract as 90. 2021 y-t-d under contracts were 512, with 2019 y-t-d under- contracts at 511.
All this said, as mentioned last week, there are more buyers circulating in the marketplace, creating a more competitive environment.
<- Data nerds, click up there
How Is The Local Market
By Price Band?
As usual, the bulk of our new listings came in the $500-$1mm price band.
To note, there was huge buyer activity in the $1-1.5mm category, with a 466.7% sell-through rate. The $1.5-2mm price band also a 200% sell-through rate. Inventory will be a little tighter in those price bands until we get more new listings.
<- Data nerds, click here
More (WACK!) Local Real Estate Data
The charts below illustrate last week’s median new-listing price and median sales price.
These charts are from two different data systems, so there are differences in how the data is scrubbed and processed (so not a perfect apples-to-apples comparison).
Broadly, however, they illustrate a significant increase in new-listing prices, with the increase starting around November 2020, ending last week with a very increased median new-listing price. Median sale prices, while higher, are not reflecting a similar increase to what we saw in median new-listings.
To note, list prices are a leading indicator, while sale prices are a lagging indicator.
We’ll keep track of these and see what we can learn from them.
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Boulder County COVID Testing &
Blood / Plasma Donation
Donate COVID-19 Plasma & Blood:
Boulder County is in great need of plasma and blood; if you’ve already had COVID-19, your donation is even more valuable; join our team members Kevin (pictured here) and Andy in giving regularly.
Learn more here to help our community.
Testing:
The Stazio Ballfields off 63rd and Stazio reopened for drive-up COVID-19/other tests. It can be very efficient, quick, and easy to pre-register online.
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The Fun Stuff: You Bet Your Life #53-23 Spunky Old Lady vs. Groucho
(Secret word ‘Clock’, Feb 18, 1954)
CATHERINE BURGESS
Associate Real Estate Broker
303.506.5669
[email protected]
Associate Real Estate Broker
303.301.4718
[email protected]
© Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
