In general we saw sales drop from 1st quarter of 2010. Properties within the city of Boulder took the biggest hit, residential and attached each dropped 24% in units sold and 19% and 23% respectively for declining volume change. Commercial properties also saw a - 25% change in volume, however a +9% change in sales volume. A bright spot within the city was a 50% increase in income property sales.
Mountain properties saw a 16% drop in units sold and a 12% drop in sales volume. The homes on the suburban plains really fared much better, residential sales saw a 34% gain in units sold and a 51% gain in sales volume. Land sales on the suburban plains saw a 150% gain in units sold with a 62% increase in sales volume.
I would expect sales to continue to pick up in all three areas, however still at a slower pace for the next year. It was surprising to see such a slow quarter for City of Boulder. I am hoping to see a decent increase for the second quarter.
If you would like more sales info on your specific market, please call or email! I am always happy to help.
Thursday, May 5, 2011
Friday, April 1, 2011
Income Property; Trend for the Last Decade
I found myself doing a little research for various reasons on how income property faired over the past decade so I thought I would share my results with you. Keep in mind that we are talking for the most part here multiple unit housing, rather than commercial income property. The Graph below shows the Average cost per unit sold for each year throughout the last decade. You can see where the values tanked down in 08' but are now on a steady climb once again. Income property should be a good investment now as the values have dropped and rents are rising.
Tuesday, March 8, 2011
Boulder County Real estate Trends for 2010
Although 4th Quarter sales dipped from 09 the first two Quarters of 2010 saw an average of about 20% gain in Sales, both units and volume. 3rd quarter of 2010 saw a drop in units sold, particularly in attached dwellings, which also dropped in volume, however, volume for residential still had a 10% gain for the quarter. Overall we saw nearly a 10% gain in volume sold with a 4% gain in valuehttp://www.coloradolandmark.com/agent-offices/agentProfile.php?id=52996http://www.facebook.com/pages/Peter-Maybee-Real-Estate/195760553789849
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