Boulder Area Real Estate Market Report YTD October 2020
Real Estate is booming!!! We saw a record-breaking amount of closings in Boulder County last month– 459 units closed, a 7.5% increase over October of 2019 at 422 Units. This was the largest number of units sold any October ever in Boulder County. Dollar Volume sales were at $358 million, an increase of 30% over to October 2019. October 2020 was the 5th highest Dollar Volume Sales ever in Boulder County and an all-time record when compared to all other Octobers.
Boulder Area Real Estate YTD October 2020 and Market Outlook
Although new listings coming onto the market was the 2nd highest for an October in the past 12 years (498 listings), we ended the month with only 631 houses available in Boulder County. Ending inventory available for the consumers to buy continues to shrink from the previous 6 months.
Boulder Area Real Estate Single Family Homes
In October 69 homes sold in the City of Boulder and there were 174 homes on the market by the end of the month. Sold homes are averaging 33 days on the market with an average sold price of about $1,237,000.
Superior Single Family Homes YTD Over the Last 5 Years
Superior has 19 homes on the market and 7 units closed in October. Average days on market for sold homes dropped to 10 days with an increased average sold price of around $766,000.
Louisville Single Family Homes YTD Over the Last 5 Years
16 homes sold in Louisville at an average sold price of $854,000, and an average of 23 days on the market. Currently, there are 33 homes for sale.
Lafayette Single Family Homes YTD Over the Last 5 Years
Lafayette homes are selling for an average price of about $677,000 with about 20 days on the market. 29 sold in October and there are currently 51 homes listed for sale!
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 October 2020!
This leaves Boulder County with only 1.4 months of available inventory. With 480 houses currently under contract, November looks to be a record-breaking month for sales as well. If you were planning on waiting till next year to sell, you might want to reconsider!!! The new-builds in Superior’s Lanterns community are popping up quickly as shown in my cover photo and their model is now open! Call me today to set up a showing for that or any other properties or new builds!
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 October 2020 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