The stats are out for July 2011 Boulder county real estate sales. There was a total of 334 single-family and 103 condo/townhomes sold in the county in July, with a decrease in total sales from last year across all areas except the plains. For the most part, the average sales price of single-family homes was very similar to the same time last year, with Boulder weighing in at an average price of $656,055, up 1.1% from last year’s average price of $648,605. Not really enough of an increase to be significant, but it’s nice to see that prices haven’t fallen. Average days to contract is a bit longer, though; up from 79 days last year to 88 days this year in Boulder. Buyers are definitely being pickier and don’t seem to be in a rush.
All in all, nothing too exciting to report. We typically experience a bit of the doldrums around this time of year, and I wouldn’t be surprised if all the gloom and doom in the news is affecting buyers’ mindsets – even if it shouldn’t. As these stats show, the Boulder area has been fortunate, and the national stats just don’t apply (shameless plug: all the more reason to hire someone familiar with the local market to help you buy or sell!).
If you want the nitty-gritty details, check out this link from the Boulder Area Realtor Association.