December: Boulder Condos Market Update

The December market update for Boulder Condos shows a little more activity than the single family homes data we looked at yesterday. Of the 274 Boulder condos for sale in December 2007, 47 sold and closed during the month.

As usual, the prices are all over the board and the age and condition are varied as well. Some seem to be struggling with finding the market price and are adjusting and getting sold while others are trying different strategies.

Here’s the run-down on sold condos in the City of Boulder for December 2007:

Average Price: $276,859 ADOM: 133 Total Units Sold: 47

2707_valmont.jpgLow Price: 81,750

This one hit the market at 94,900 but had a quick price redux to $84,900 and went under contract in 8 days.

Not too shabby for a studio unit built in 1972 with no garage and only 400 sq ft.

1_broadway.jpgHigh Price: $1,156,814

101 days to offer and 788 days to close, I think we saw this one show up in a recent high price report earlier in the month.


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