•Price range of properties sold during this period: $41,000 - $1,995,000
•Median price: $298,000
•Average price: $369,133
•$0-199k = 33 sold this period
•$200-299K = 38 sold
•$300-399k = 30 sold
•$400-499k = 13 sold
•$500-599k = 11 sold
•$600-699k = 4 sold
•$700-799k = 4 sold
•$800-899k = 3 sold
•$900-999k = 1 sold
•$1.0-1.9M = 15 sold
•$2.0M+ = 0 sold
Top Ten Listings Sold during this period:
Information obtained from MLS and public record.
- New construction is being priced to sell. Three of the five properties in this group with the shortest days on market (DOM) are new construction. Builders know they are facing the fall-winter real estate doldrums and have priced some things to sell. Hard to believe that condos in downtown Boulder at $877 and $915 per square foot are "priced to sell", I know ... but 2-3 years ago these prices would have been well up over $1000 per square foot. There are deals to be had with builders now, although the word "deal" is certainly relative!
- The glaringly obvious continues to be ... glaringly obvious. Overpricing your home is a devastating financial mistake. The three properties above with the highest days on market are also properties with very drastic price reductions. The bank-owned property on Mooring sold for 34% of it's original owner list price. Yes, you read that right - 34%!!! When the bank got hold of it and priced it where it should have been from the beginning, it still only sold for 75% of the list price. That's the stigma of a bank-owned for you right there.
- People are still shopping in the $1M+ price range! That is the price range where the biggest deals can be found right now, and buyers on solid financial footing are taking notice and they are shopping. I expect this price range might just hold steady through the fall-winter.
Director of Relocation and Business Development
Colorado Landmark, Realtors