Boulder County home prices continue to rise in 2014

Posted by on Thursday, December 12th, 2013 at 12:08pm.

The number of single family homes sold through three quarters of 2013 is at an all-time high since 2008. Longmont has experienced an increase of 138 single family home sales since last year, reaching 667 so far this year. Boulder County as a whole has sold 245 more homes than last year at this time, with sales totaling 2,766 for single family dwellings.

In addition, the median sales price by area through three quarters of single family dwellings are collectively at an all-time high since 2008, including a $72,000 increase in median price in Boulder.

Median and average sales prices for single family dwellings are both on the rise since last year. Boulder county’s average for this year is $493,484, compared to $450,504 last year.

Boulder County has experienced an 8.5% increase in average and 8.0% increase in median single family dwelling sale prices. Louisville leads the county with a 14.1% increase in average and a 14.7% increase in median single family dwelling sale prices. 

The number of attached dwellings sold in Boulder County is also up across the board, with a total of 681 sold—up 181 from 2012.

Median sales prices for attached dwellings have risen since last year in Boulder, Louisville, Lafayette, Longmont, Superior, and the plains, but have dropped 4.8% in Broomfield. The same pattern is observed in the average sales price of attached dwellings, Broomfield being the only city in this list to experience a decrease in average prince since 2012.

As a whole, Boulder County has experienced a 31.4% decrease in attached dwelling residences from last year’s first, second, and third quarter numbers.

$1,000,000-plus sales are up 40 from 2012 and have been steadily climbing since 2009.

Total active listings for both single family and attached dwellings have decreased since last year’s January through October numbers, while the Colorado population is projected to climb through 2025 after experiencing a drop in 2012.

The drop in inventory means buyers can expect average and median home prices to continue to rise in 2014. 

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