Front Range Market Update (Under Contract Stats)

The first quarter of 2013 has come and gone and sales numbers should be out soon. In the meantime let’s talk about the continued craziness in our market.

Under contract statistics show us that competition is heating up as the year progresses. It’s a tough time to be a buyer. Take a look. I’ve highlighted the numbers with the most significant changes and highest percentages.  Even in the $1mil to $2mil market in Boulder 33% of the home are under contract.

 Single Family Homes

Location/Price January 2013 February 2013 March 2013 April 2013
Denver under $250,000 57% 61% 68% 70%
Boulder under $500,000 38% 59% 76% 75%
Denver $250K-$500K 38% 47% 53% 54%
Boulder $500K-$750K 32% 49% 57% 57%
Denver $500K-$750K 26% 28% 35% 38%
Boulder $750K-$1mil 11% 19% 26% 44%
Denver $750K-$1mil 19% 21% 29% 24%
Boulder $1mil-$2mil 14% 19% 20% 33%
Denver $1mil-$2mil 14% 17% 23% 23%

 Condos

Location/Price January 2013 February 2013 March 2013 April 2013
Boulder under $300K 20% 31% 52% 49%
Denver under $300K 46% 53% 56% 57%
Boulder $300K-$500K 25% 37% 49% 51%
Denver $300K-$500K 32% 38% 44% 48%
Boulder $500K-$750K 5% 37% 23% 36%
Denver $500K-$750K 22% 19% 31% 44%
Boulder above $750K 5% 16% 19% 29%
Denver above $750K 15% 22% 24% 27%