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2018-01-26 13:28:27
2017 Market Wrap Up


January is a time of taking stock of the previous year to see how we can try and do better as we move forward, and it's no different in the real estate industry. Our 2017 wrap up is encouraging, and shows that the market has grown from 2016. In Boulder County, single family home listings increased by 6.1 percent, and were on the market for over 11 percent fewer days than the year before. The median sales price went up by 7.3 percent for single family homes, and by almost 4 percent for townhouses and condos. During the first two quarters of 2017, the FHFA reported that the average home appreciated by around 3 percent, and the Leeds School of Business predicts home appreciation to be in the 3 to 5 percent range in 2018.

Real estate is cyclical, and right now, Boulder County is in the expansion phase. This means it’s a seller’s market as the purchase prices increase and the demand outpaces the supply. With long term mortgage rates still around near record lows at 4 percent, and an expected population increase of 52 percent over the next thirty years, it’s a good time to be selling a house. If you decide it’s time to sell, contact your team at Realty Ventures to make sure you get the best experience possible!

Take a look to learn more about the 2017 real estate market in your neighborhood:

Lafayette
Single family sold listings: +23.4%
Single family days listed until sold: -3.4%
Single family median sales price: +5.9%
Townhouse-Condo days listed until sold: -47.4%
Townhouse-Condo median sales price: +9.3%

Erie
Single family sold listings: +16.1%
Single family days listed until sold: -14.5%
Single family median sales price: +5.2%
Townhouse-Condo sold listings: +42.0%
Townhouse-Condo median sales price: +18%

Boulder County
Single family sold listings: +6.1%
Single family days listed until sold: -11.1%
Single family median sales price: +7.3%
Townhouse-Condo days listed until sold: -18.2%
Townhouse-Condo median sales price: +3.8%

 
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