SOLD activity for the past two months (September & October) for Boulder County have mirrored the sales figures for the same two months in 2008. In 2009, there were 471 single family sales vs. 483 in 2008 during this time period & 197 attached unit sales in 2009 versus 186 in 2008. This is a good indicator that the Boulder County real estate market has plateaued.
After several years of experiencing a decline in sales activity, this may be the start of an upward swing in the area real estate market. The balance of the year will provide a clearer picture of what lies ahead.
Overall, the 2009 Boulder County market will be off approximately 18% in SOLD residential listings as compared to 2008. (This is a projection since November and December figures are not yet available.)
Assuming November and December/2009 SOLD listings are comparable to 2008 numbers, then 2010 promises to be comparable to 2008 in total SOLD residential listings. This would have a positive impact on the market as a whole as home purchasers would begin to buy with a renewed sense of confidence. Hopefully, new home builders would follow suit and once again the sound of hammers pounding and BOOM boxes booming would be heard across the county.
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