Boulder County real estate market update

The real estate market in Boulder County remained stable in August despite rising interest rates.

In fact, the average sales price of single family homes in Boulder priced above $1 million increased compared to July 2022. And, the average price per square foot increased in homes priced between $1 million and $2 million. The percent of the original list price declined slightly to an average of 96.2. This peaked in April at 109.2 percent. It did take a little longer to sell a home in August compared to July, but it was less than the 90 days it takes in a normal market.

Homes in Erie sold quickly as well with the $1 million to $2 million homes selling the fastest. Best of all, the prices remained steady compared to July and sold for close to list price. Homes priced above $2 million received the biggest discount to the original list price.

Lafayette had a negligible change in all price ranges in all categories when comparing home sales in July with home sales in August. However, days on market increased significantly, except in the $500,000 to $1 million price range.

Longmont continued its stellar sales pace. The price per square foot in Longmont increased in every price range except at $2 million and above. With only one home sold at this price point it is difficult to quantify a trend.

This data confirms that Boulder County is a great place to invest your housing money. With other localities seeing dramatic market shifts downward, Boulder County’s real estate market is on an even keel, so far. mary@maryhillproperties.com maryhillproperties.com.