The Boulder County real estate market had a banner week and is showing great balance. Before we dig in…
FOR YOUR WEEKLY DIVERSION:
The Tom Cruise Space Station. Need we say more?
BOULDER COUNTY REAL ESTATE MICRO DATA:
Boulder County Stats 6/28-7/05/2020
There were huge gains in new listings, moving from from 106 to 169 this past week.
The market saw 100 price changes, up from 57, indicating that sellers are getting more serious about getting their homes sold.
Sold listings also showed big gains, going from 95 to 136. Keep in mind that this reflects the improved health of our market 30-45 days ago; solds are a lagging indicator.
Under contracts made huge gains, increasing from 100 to 164. Under contracts are coincident indicators, reflecting the current status of the economy. This increase shows continued robust buyer demand after a little Fourth of July seasonal dip.
Our overall sell-through rate was 1.03%, indicating a very balanced market between buyers and sellers.
Price bands are showing a lot of consistency with previous weeks.
$500K-$1M Under-Contracts remain very strong, and the $2M+ range made a notable increase over 2019 numbers.
LOCAL REAL ESTATE IN A NUTSHELL
Our overall numbers were down somewhat last week, though this is still an extremely strong showing. We will have to see if the decreased activity reflected 4th of July fun or if our market is starting to quiet like a typical July now.
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NATIONAL MACRO DATA:
Another Massive Jump in Builder Confidence: July homebuilder sentiment jumps to 72, vs. 62 expected
Remodeling Market Shows Optimism despite COVID-19
Hotels: Occupancy Rate Declined 38% Year-over-year
Single-Family Permits Slow-Down in May
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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.