Boulder Real Estate Market February Update

Here are the statistics for the Boulder real estate market for February 2008. The first thing I’m seeing is that there are, as expected, more homes sold than the previous month. We’ve had some pretty decent weather so it’s been easier to present and show homes than last year during this time.

The Boulder real estate market still has a pretty wide variety of price ranges. I’m seeing some trends developing that were kind of expected. First, the downtown market is still strong and homes that are priced properly and presented well are selling quickly. Also, people are starting to get the idea that while Boulder real estate prices are doing well and decent appreciation is still the norm, everything doesn’t sell just because it’s in Boulder. You still have to do your homework when getting a home ready for the market.

Here’s the stats:

SOLD:

Number Of Homes Sold: 52

Low Price: $163,135

High Price: $1,895,000

Average Days on Market: 118

Average price: $619,192

FOR SALE:

Number Of Homes For Sale: 369 (only 280 of these are still available as the rest are under contract with a pending closing scheduled)

Low Price: $190,900

High Price: $6,500,000

Average Days on Market: 96

Average price: $940,527

FAILED TO SELL:

Number of Homes That Didn’t Sell: 36

(there are other homes that failed as you can see when you compare the number of homes for sale vs. the ones that sold. These are homes that came off the market without ever attracting a buyer’s offer and are no longer for sale.)

Low Price: $405,000

High Price: $5,395,000

Average Days on Market: 168

Average price: $1,002,325

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