Superior Real Estate Market Update

This is your market update in Superior Colorado for February 2009 , and I’ve included comparison data from last year.

Superior is one area, besides the City of Boulder, that I tend to keep my eye on in order to share with you what’s going on in that local marketplace.

You can also see more info on Facebook at the page called Rock Creek Buzz. Check it out and become a fan if you’re interested in keeping tabs on Superior goings on, and maybe you even have something to contribute.

I have all of your data here for February 2009 including comparison statistics for February 2008. This includes number of homes sold, average price, median price, and average days on the market, for both single-family homes and condos.

Also, please don’t forget, if you’re ready now to talk about selling your home, buying a new home, or know someone that is moving, call or email me right now!

Sold Single Family Homes (parenthetic data is Feb 2008):

Number Sold: 8 (6)

Average Price: $396,737  (413,986)

Median Price: $357,000 (385,000)

Average Days On Market: 131 (54)

The first thing that jumps right out at me here is the average days on market (ADOM) for sold homes. It’s gone up almost 2-1/2 times when you compare last February to this February. So, while average and median prices have come down a little bit in Superior, perhaps sellers are still not pricing their homes right to find the true market value. When I see ADOM up this high, and especially with this significant of a change, it tells me that sellers are entering the market with a price that is too high, and taking much too long to adjust their asking price to find the point where buyers will actually make an offer.

Sold Condos (parenthetic data is Feb 2008):

Number Sold: 6 (3)

Average Price: $264,667 (233,633)

Median Price: $209,000 (216,000)

Average Days On Market: 139 (136)

Nothing too remarkable here. More sold, about the same market time (perhaps condo sellers are also over-pricing when they first enter the market) and while average price is higher, median price is lower. I’ll assign that to normal market flux along with the serendipity of what type of units are selling at any given time.

If you’re ready to talk about the value of your home, getting started with finding a new home, or just want to talk about what the market is doing, call or email me, and I’ll get you honest answers to your important questions.
-Zachary Epps, full-time professional Realtor® and EcoBroker® at RE/MAX Alliance Boulder
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… AND, you can FOLLOW THE LINKS I have for you on the right side of this page to find some great information. Please see my video tour section, to see tours of Boulder real estate for sale, business profiles, neighborhood profiles, and new development profiles. I want you to find exactly what you want, and get all the info you need. Call or email me now to get straight answers, and start the process of finding the perfect solution to your real estate needs.
-Zachary Epps, full-time professional Realtor® and EcoBroker®

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