Boulder Area Real Estate Market Report YTD January 2021
Home Prices overall in Boulder and the surrounding areas are up and inventory is low! As shown on the Overall January page (which is a snapshot for January of all the locations), you will note that the number of properties that sold last month was down by 14% over last January. I have broken it down further in the chart on the bottom half of this page of my market report. This significant drop in the number of sold homes is due to the incredibly low number of homes available for sale right now. Buyers are clamoring for homes to fit their needs but there just are not enough out there for everyone.
Boulder Area Real Estate YTD November 2020 and Market Outlook
Boulder Area Real Estate Single Family Homes
As of January 31st, there were only 193 homes for sale in Boulder! As shown on the Overall January page of my report, 48 homes sold in Boulder during the month of January. As is noted on the Boulder page which shows the stats for the last 12 months, the median sold price per square foot is $414 and the discount ask to sold is 1.9%. Year over year, the days on market has also dropped significantly.
Superior Single Family Homes YTD Over the Last 5 Years
Superior and Louisville are both showing extreme inventory shortages with only 12 homes on the market at the end of January in Superior and 17 in Louisville. As I write this report, there are only 3 single family homes on the market in Superior and all of them over $1.4 million—how frustrating for first-time Buyers!! As you would expect, homes are going very quickly because of this and are selling for over asking by .6% in Superior and .4% in Louisville.
Louisville Single Family Homes YTD Over the Last 5 Years
Lafayette Single Family Homes YTD Over the Last 5 Years
Lafayette has a bit more inventory with 49 homes for sale and homes are selling at 100% of asking currently. Days on the market have dropped considerably from 2019. Over the last 5 years, the median single family home sold price has increased from just under $500,000 to $600,000.
If you want similar in-depth information and a breakdown of different areas including Boulder, Superior, Lafayette and Louisville download the full 10-page Boulder Area Real Estate Market Report YTD January 2021!
As of January 31st, there were 71 homes for sale in Erie. 23 homes sold last month. Homes are selling at a .5% discount ask to sold percentage and a mean asking price of $700,000. Days on the market dropped considerably year-over-year as shown on the bottom of the Erie page.
Helping You Make Informed Decisions Regarding Boulder Area Real Estate
I produce this monthly report to provide you with a high-level overview by looking at the patterns and trends. My goal is to help YOU make sense of the numbers so you can make an informed decision. It is my hope that this report helps you to ”See the Big Picture and All the Details!”
If you see a segment of the market that you would like additional help with understanding please contact me. Or if you desire a specific Home Estimate that I routinely prepare for my clients, please contact me, I would be happy to go to work and get that to you.
This report covers Single Family Homes for the Boulder, Superior, Louisville, and Lafayette communities in the Boulder area.
You will also see a ”slice” of the data by Price Range and by Area for Single Family Homes to provide a more insightful view of the market.
How can I help you with Your Boulder Area Real Estate Needs?
This Boulder Area Real Estate Market Report YTD January 2021 and the level of detail is representative of what you can expect from me as your Real Estate Agent. I hope I can provide the same amount of expertise and insight for you when you are looking to buy or sell in the Boulder area.
Are you wondering what your home is worth in the current market? Do you have questions or want more information about something in the market report? Do you desire a specific Home Estimate that I routinely prepare for my clients? Please contact me or visit this link to get the ball rolling.
Luxury Home Specialist & New Home Specialist
Coldwell Banker Residential Brokerage