Boulder Real Estate News & National Statistics – August 6, 2021

By Catherine Uncategorized August 5, 2021

As always, feel free to forward this market update to your friends and family!

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Friends,

According to Boulder realtors, the local market last week behaved within historic normals. Nationally, cash purchases have been rising.

Quick Market Recap

Click Image Up There ^ To Enlarge

Local Market Update:

Last week, we had 114 new listings, vs 100 in 2018, 106 in 2019, 125 in 2020.

Under-contracts were up, at 124. Contrast this with 84 in 2018, 78 in 2019, and 122 in 2020.

Last week we had 1.02 months supply of inventory, vs .99 MSI in 2018, 1.03 MSI in 2019, and .95 MSI in 2020.

Activity By Price Band:

I

Inventory in the $2.5+mm range is pretty thin right now, after several weeks of higher sales. The other price bands have seen sell-through rates that are slightly favoring sellers, as also reflected through the MSI.

National News: Top and Bottom of Market

The median sale price of U.S. luxury homes jumped 25.8% year over year in the second quarter, while the median sale price of the country’s most affordable homes rose 18.7%. By comparison, prices of mid-priced and affordable homes grew just 16% and 13.2%, respectively.

Downtown Louisville – Thinking Of Selling?

Our Boulder County realtors listed two Downtown Louisville homes this month and they BOTH just set historical records for price per square foot!

600 Lincoln Avenue – $592.53 per sf

508 Lincoln Avenue – $557.26 per sf

Looking to sell your Downtown Louisville home?

Partner with our proven talent!

Listing Agents – Andy & Catherine Burgess

Food Security Project Update

1,066 Pounds of Food

We’ve grown, harvested, and donated 1,066 pounds of food so far. That’s the weight of:

A grand piano.

An average sized horse. A bull shark.

And the harvest continues….

We’ve got cukes, summer squash, beans, and tomatillos harvested and in the hands of Community Food Share recipients.

The garlic which was harvested 2 weeks ago has now cured and is being distributed.

Farmer Katie has been seeding lots of crops in the greenhouse for fall: kale, collards, green onions, beets, arugula, and a couple beds of carrots.

We also have TONS of peppers coming and Katie hopes they’ll be ready for harvest next week!

Want to support our efforts? DONATE HERE.

Burgess Group | Compass Exclusive Listings

Click anywhere below to check out our current exclusive listings.

Burgess Group Blog

Economic News & Real Estate

Housing Inventory August 2nd Update: Inventory Increased Slightly Week-over-week, Up 33% from Low in early April

CDC study shows 74% of people infected in Massachusetts Covid outbreak were fully vaccinated

Fannie Mae: Mortgage Serious Delinquency Rate Decreased in June

Q2 2021 GDP Details on Residential and Commercial Real Estate

Initial Q3 GDP Forecasts: 6% to 9% Range

The Fun Stuff:

Together Flash Mob at Shine Community

The Boulder realtors at Burgess Group send best wishes and support to newly-launched

Shine Community.

Attend the special Shine Music Festival, August 8, 2021 in Denver.

Catherine Burgess

Realtor
M: 303.506.5669
[email protected]

Realtor
M: 303.301.4718
[email protected]

About the Author

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