With another quarter behind us, I ran some numbers for Boulder County to see how the third quarter of 2010 compared to the second quarter, as well as Q3 of 2009.
Q3 2010 showed the lowest amount of new inventory with 1,875 homes listed during that three month period—good news for sellers with less competition, bad news for buyers who’ve looked at everything out there and still aren’t finding exactly what they’re seeking. 1,950 homes were listed for sale in Q3 2009 and 2,559 in Q2 2010.
The amount of homes sold was down last quarter, however, prices showed a slight uptick. 887 homes sold compared to 1,190 in Q3 2009 and 1,343 in Q2 2010. The median price for these homes was $339,900 last quarter, $306,000 in Q3 2009, and $315,900 in Q2 2010.
Though median home prices are up that does not necessarily mean that home values are up. I have seen same home sales drop about 5-10% since May, meaning that for the median sales price you get that much more home. Median home prices are up because the high-end is moving while the lower end has slowed. We won’t see the drop that the agents on the street have seen in the headlines until the beginning of next year; that is how long it takes the official numbers to come in from Case Schiller and FHFA. The 5-10% drop is just a gut feel for the market from talking to agents nationwide and locally.
A little fun fact…the highest priced home that sold in Boulder County last quarter was $3,900,000.
Just writing about Boulder, Co and the surrounding area. Let me know if you want to see Boulder homes for sale; I'm a Realtor.
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