January 2016 Market Update for East Boulder County

Kari Stoltzfus Front Q4

Inventory in East Boulder County remains very very low. Demand for properties is still quite high despite the normal assumptions of lack of buyers in the winter months. 2015 was an outstanding year for growth in property values in East Boulder County. The average price of a home sold in East Boulder County jumped by 26% while the total of all sales jumped a staggering 47% from 32 million in 2014 to 47 million in 2015. Decembers sales price average was higher (845k) than the annual average from 2015 which was 796k. When compared with December of 2014′s average sales price of a meager 613k a 37% increase confirms that 2015 went out with a bang. Days on the market in December dropped sharply from the Annual average from 2015 with just 55 days on market compared to 85 days on market average for the year. Buyers have bottlenecked all around the Denver metro area with ever increasing demand and so few sellers willing to enter the winter market. They speed at which houses are going off the market may change the perception that “winter is not the time to sell” in years to come.

If you are thinking about selling NOW is the time. Waiting until spring may increase your competition. As it stands there is simply a shortage of listings in east boulder county. With that being said, of the properties that are available there are a few fixer uppers that could be reaching full potential by spring.

*Not all properties were listed and/or sold by 8z Real Estate. This data is based on content supplied by REcolorado, IRES, PPAR, and/or MLSListings. Content is deemed reliable but not guaranteed. Content may not reflect all real estate activity in the market.

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