The first half of 2011 has shown some stabilization in home prices in most areas of Boulder County. The overall number of homes sold is a about the same as last year. In June, the number of homes sold in the county exceeded the number sold last year (even with last year’s tax credit for home buyers). The upper end has shown some signs of life in Boulder and in the suburban plains. Average prices are fairly stable or showing modest increases in most locations — this year and year over year.
The trends have been different in each city in the county. The City of Boulder has been fairly stable both in price but the number of units went up in June and exceeded the number sold the in June of 2009 and 2010. Lafayette and the moutains and plains are still moving up and down in price.
The trend in number of homes sold by month was skewed by the tax credit in 2009 and 2010 but has increased this year over prior years even with no tax credit– the sales peaked in 2010 in the earlier months because the tax credit required that the home be under contract and close by 6/30/2010. This caused buyers to move up their purchase into earlier months than the normal cycle. Charts for the cities and other areas of the county can be found on our website: www.bernardirealestate.com on the sales statistics page.
