It’s hard to believe it is already March. It is a good time to look at statistics and see how the year is going. I think it’s safe to say that the market is still very hot. Let’s look at some details.
Under Contract % – This indicates the current demand for housing at this specific point in time. These statistics are looking at February 2015 as compared to February 2014
Boulder under $500K – 83% in 2015 vs. 71% in 2014
Boulder $500K-$750K – 79% in 2015 vs. 45% in 2014
Boulder $750K-$1mm – 66% in 2015 vs. 32% in 2014
Boulder $1mm-$1.5mm – 57% in 2015 vs. 28% in 2014
Denver Under $250K – 86% U/C in 2015 vs. 62% in 2014
Denver $250K-$500K – 71% in 2015 vs. 39% in 2014
Denver $500K-$750K – 44% in 2015 vs. 25% in 2014
Denver $750K-$1mm – 33% in 2015 vs. 19% in 2014
Denver $1mm – $1,5mm – 27% in 2015 vs. 15% in 2014
The Boulder/Denver real estate data for early 2015 continues to show a very strong housing market with continued buyer demand, especially for single family homes and attached dwellings priced below $750K in the Denver market, and below $1.5mm in the Boulder market.
Inventory is up just slightly in most markets but it is being snatched up by buyers very quickly. Volume sold is also mostly up.
Median Price (single family homes) – These statistics are looking at YTD through February 28 – 2014 vs. 2015
Boulder – $676,250 (2015) vs. $618,000 (2014)
Denver – $317,000 (2015) vs. $275,000 (2014)
Louisville – $482,500 (2015) vs. $525,000 (2014)
Lafayette – $417,834 (2015) vs. $354,000 (2014)
Broomfield – $$387,500 (2015) vs. $328,500 (2014)
Superior – $420,000 (2015) vs. $443,000 (2014)
Erie – $407,500 (2015) vs. $353,750 (2014)
Mountains – $469,000 (2015) vs. $339,000 (2014)
Longmont – $293,000 (2015) vs. $246,700 (2014)