When business is going better than usual, it’s easy to forget about the past. We get wrapped up in all the day-to-day business details, the unending emails and voicemails. But, I think it’s important to take a look at the past and see when we hit bottom and whether we’re truly bouncing back from some shaky economic times. The real estate sales at RE/MAX of Boulder, Inc. seem to be picking up, which just might be a strong indicator of an upturn in the economy and more importantly, peoples’ confidence levels.
Here are some statistics for the past seven years that give the number of Under Contracts and total Sales Volume in the month of January reflecting that the bottom might have been in 2008/2009 and now we’re seeing some remarkable recovery figures, equal only to stats from January 2005.
JANUARY UNDER CONTRACTS
2004: 105 under contract for $43.7 million sales volume
2005: 120 under contract for $52.2 million sales volume
2006: 108 under contract for $48.6 million sales volume
2007: 101 under contract for $54 million sales volume
2008: 56 under contract for $25.1 million sales volume
2009: 62 under contract for $25.2 million sales volume
2010: 123 under contract for $52.1 million sales volume
This is a 98.4% INCREASE in Under Contracts over January 2009 and a 106.75% INCREASE in Sales Volume over January 2009. It looks like the tax credit incentives are working, at least in Boulder County. Now, if we can just get the unemployment numbers to do the same.
The Countdown Is Under Way. As of today, you have 86 days to be under contract by the April, 30, 2010 deadline, and closed by June 30, 2010 to take advantage of the tax credits.
Call us today at 303.449.7000 or 800.825.7000 or visit www.BoulderCO.com