April Market Update from Boulder County

by ExploreFrontRange-chime-me

Welcome to Fools’ Spring! With the big snow storms we’ve had over the past few weeks, we’ve certain that the weather has played a role in the real estate market. We’ve still got some great updates for you this week!

We’re going to take a look at overall numbers in March, which can help us predict how we will end April and how we are set up for May heading into the summer months.

Our numbers this week are mostly provided by our friends at Land Title Guarantee Company. Thank you!

Boulder County Numbers

In the entire month of March, there were 288 single family listings, that’s -64.92% less than in 2020. We know that in March of 2020, COVID-19 hadn’t yet made its biggest impact and we were still feeling fairly “normal.”

Average Days on Market

The average days that a single family home was live on the market in March was only 51 days. That’s the lowest number we’ve seen in at least 2+ years. We’ve said it before, but homes are selling like crazy – there’s not even time or the need for price reductions!

Price Bands

In terms of active listings by price range in Boulder County, check out that $3M range – 34 active listings! However, when we look at the sold data for the same price ranges, the bulk of listings actually selling at their original list price is in the mid-range between $300K-$1M. This is the range that is so HOT right now with multiple offers above the list price.

Average Sold Price

The average sold price in Boulder County sits at a little over $1M. As previously mentioned, the bulk of listings selling are in the mid-range, but listings that are selling at $2M-$3M certainly raise the average sold price.

Average % Sold Price Versus List Price

On average, listings in Boulder County sold for 102.8% of their original list price in March, and it’s safe to say we will expect the same outcome when we end April, if not a higher number.

Showings State-Wide

According to ShowingTime, we’re right on track with 2019, our last reports from a “normal” year, in terms of showing activity.

We Have Buyers!

Boulder and Surrounding
1: Boulder area, views, 3+ beds, up to $1.7M

2: Erie, yard, 4+ beds, up to $550K

3: Lafayette/Erie/Thornton, built in 2010 or newer, unfinished basement, 1600+ square feet, up to $500K

4: North Boulder/Gunbarrel, 3+ beds, 2+ baths, up to $1.05M

Rural
1: Nederland, garage and yard, 3+ beds, up to $550K

2: Nederland, garage, 4+ beds, up to $650K

3: Foothills/Lyons to Golden, 8-10 acres, 3+ beds, 2+ baths, up to $1M

4: Black Hawk/Coal Creek/Golden, privacy with trees, has or room to build large storage building, 3+ beds, 2+ baths, up tp $1.4M

5: Nederland, up to $550K

Help Us Give Back

Here at RE/MAX Alliance BoCo, it is always our goal to help the individuals, businesses, and causes in our communities. We’re not just in the business of real estate, more so, we are in the business of helping those in need. Please consider helping us support the businesses and causes below:

Community Foundation Boulder County

If you’re able, please consider donating to Community Foundation Boulder County’s Crisis Fund, helping the Boulder King Soopers’ victims’ families and the rest of our community recover from the heartbreaking tragedy that occurred at the end of March.Click HERE to donate!

Children’s Miracle Network

Donate Blood and Platelets. If you’re healthy and able to leave home, the Children’s Colorado Blood Donor Center in Aurora is seeking blood donations. More information about donating blood can be found here.

Longmont Humane Society

We’re a proud partner with the Longmont Humane Society. Please consider donating by following this link, OR purchase items from their Amazon Wishlist to be delivered directly to them!