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.
