Boulder-Area Home Sales Warm As Spring Approaches

Posted by Tom Kalinski Founder RE/MAX of Boulder on Wednesday, April 3rd, 2019 at 10:57am.

February’s Boulder-area home sales shook off January’s real estate chill with a rise in sales all around. But even with the significant jump for the month, sales for the year still lag compared with last year, which could be good news for those ready to buy a home in this competitive market.  

Single-family home sales for Boulder rose 26.1 percent in February – 232 homes sold compared with 184 last month. In condominium/townhomes, 78 units sold in February, a 9.8 percent improvement compared with January’s 71 units sold.

“It was good to see the February rebound in sales for both single-family and attached dwellings. But year-over-year, sales are behind in both. We’re definitely getting a slower start to the year,” says Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association.

Year-over-year, single-family home sales dropped 14.8 percent through February 2019 with 426 Boulder-area homes sold vs. 500 the previous year. Condo/townhomes slid 20.8 percent over the same period with 152 units sold vs. 192.

Inventory is virtually unchanged going up .013 percent for single-family homes with 723 homes for sales in February compared to 722 in January. Condos and townhomes saw a 5.4 percent increase in inventory over the same period with 254 units compared to 241.

“The cause of the slowdown is unclear,” says Hotard. “Interest rates aren’t rising. It seems that demand, which has been strong for several years, has eased a bit.”

This can be good news for buyers who are looking for an opening to jump in the Boulder County market. With inventory holding steady and demand easing, the buying environment may be somewhat less competitive than it has been for the past several years.

“What we need is more middle-income housing in Boulder County, that is, housing priced at $600,000 and below,” Hotard notes. “Areas like Erie, Longmont, and Lyons offer homes that are in that sweet spot of affordability, but we could use new housing in that price range.”

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About Tom Kalinski:

Tom Kalinski is a pillar of the Boulder Valley real estate community who was inducted into Boulder County’s Business Hall of Fame in 2016. Tom has vast inside knowledge of the Boulder County real estate market and an impressive 40-year background in commercial and residential real estate. Tom is the Owner and Founder of RE/MAX of Boulder, the top-producing local residential real estate company he established in 1977, which has grown to over 100 Realtors. RE/MAX of Boulder has been voted Best Real Estate Group by Boulder Weekly, Best Real Estate Company by Colorado Daily, and named #1 RE/MAX office in the U.S. for sales volume 8 times.

Tom Kalinski 
Owner and Founder
RE/MAX of Boulder
303-441-5620
tomkalinski33@gmail.com

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