Boulder Real Estate News & National Statistics

Boulder Real Estate News & National Statistics – March 26, 2021

Catherine Burgess Weekly Market Update Burgess Group Compass

Friends,

As a result of the big snow, last week we had fewer under-contracts; combined with good inventory numbers, buyers have a little more breathing room right now. Also, price change numbers are at extreme lows.

Aggregate Boulder County Market

3/14 – 3/21, 2021

Inventory came in at 96 units last week, vs 91 for the same week in 2020, 95 in 2019, and 102 in 2018.

Last week we had a big drop in under-contracts, likely as people were heading to Spring Break, from 106 to 67 week-over-week. Compare our 67 with 62 in 2020, 90 in 2019, and 77 in 2018.

To note, starting next week, our 2020 numbers will be an anomaly. We will include them for reference, but they won’t give us much guidance on our typical market.

<- Click to see the stats!

How Is The Local Market

By Price Band?

We had very consistent inventory in all the price bands, with the exception of $1-1.5mm, which saw 11 units of inventory with only 2 sales. So this price band should be easier to shop right now.

<- Click to see the stats!

More Local Real Estate Trends

Only 10 Price Changes Last Week!

Last week we only saw 10 prices changes. 2020 had 41, 2019 had 60, and 2018 had 37.

Buyers, this is a reflection on seller mentality. Few sellers have a let’s-cut-price mentality right now.

Keep this in mind when making offers. If a low offer comes in, even if the property has been sitting on the market, sellers will ask every agent who has shown the property to bring another offer.

When this happens, if another buyer engages, you are now in a mulit-party negotiation, which is less favorable than a one-on-one negotiation with the seller.

Make sense?

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Catherine Burgess

Realtor
M: 303.506.5669
[email protected]

Andy Burgess

Realtor
M: 303.301.4718
[email protected]

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.

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