November sales point to strong year-end finish for Boulder real estate market

Posted by DB Wilson on Wednesday, January 11th, 2012 at 12:44pm.

Boulder area single-family home sales fell month-over-month in November, but they remained strong for a year in which no home-buying tax incentives were offered.


According to the Boulder Area Realtor Association, 210 single-family homes and 78 condominiums/townhomes sold in November, outpacing the195 single-family homes and 66 attached units that sold in November 2010.


However, the number of single-family homes that sold in November fell short of the 247 single-family homes that sold in October, though the same number of condos/townhomes – 78 – sold as in the previous month.


From January through November, a total of 2,843 single-family homes and 929 attached units in Boulder County sold. While sales of single-family homes sales in 2011 may still surpass the 3,161 single-family home sales in all of 2010, it’s not likely enough attached units sold in December will push sales for the year over the 1,126 in 2010. Those statistics will be available Jan. 15.


Average and sales prices also demonstrated a little more volatility in November, with average sales prices of single-family homes decreasing in four communities, and median sales prices falling in five communities. Average and median home prices dropped the most in the mountain areas – 7.9 percent and 13.4 percent, respectively.


Average and median condo/townhome prices dropped significantly in Erie – 28.6 percent and 34.3 percent, respectively. But only four Boulder-area communities total saw price drops in either or both categories.


Every Boulder-area community saw reductions in the number of homes on the market in November from the previous month, as well.

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