With 8 months behind us in 2019, the real estate market is still rebalancing itself, interest rates are nearly 1% lower from this time last year, and buyers are benefiting. Single Family home sales in the County saw a slight decline in both average and median sale prices to $758,210 and $600,000 respectively, and a healthy 23% growth in the number of homes available for sale. Attached dwellings saw a more significant change largely due to the increased production of multifamily homes county-wide.
All indicators on this chart show a stronger buyer's market; median and average sale prices are down to $380,000 and $444,957 respectively. Check out the 30 second videos to the right, or the Top 10 Vital Stats link for the detailed breakdown. It is a great time to be a buyer in Boulder County! Click here to see August's Top 10 Vital Statistics.
Get Ready for Bigger Home-Price Increases Next Year
After a housing market slow-down in June, lower mortgage rates seem to be doing their job. In this article from MarketWatch they explain how lower mortgage rates provided a boost in July and what that might mean for 2020.
6 Colorado Furniture Companies
Do you love supporting Colorado businesses? This article from 5280 gives you 6 of the best Colorado furniture companies, from minimalist to modern to classic, revamp your home with some local favorites!
Boulder Council Adopts First Open Space Master Plan in City’s History
In this article from the Daily Camera read the unanimously adopted Open Space Master Plan for the 46,000 acre open space system surrounding the city. Some of the goals include fostering responsible recreation, stewardship, and enjoyment, growing community education and inclusion opportunities, and securing financial sustainability for the open space.