BOULDER – The December market stats are in for Boulder County. It was another roller coaster ride for the entire county. The average price of single family homes in Boulder County increased $16,823 between November 2019 to November 2020, but decreased $55,321 from October 2020 to November 2020.
Boulder and Erie saw price decreases in both timeframes. Longmont’s home prices increased in both time frames while Louisville’s prices increased year to date, but declined between October and November 2020.
Here are more detailed statistics for single family homes in Boulder County, Boulder, Erie, Longmont and Louisville for November 2020.
The average price of a single family home was $819,394 in November 2020, down $55,321 from October 2020. The price per total square fell $5 even though there were 130 fewer homes for sale and 55 fewer closed sales, as well as, 115 fewer homes under contract. This indicates Boulder County has fewer buyers looking to buy, driving prices lower than in October.
In Boulder, the average price of a single family residence fell to $1,245,372, down $144,491 between October 2020 and November 2020. This occurred even though it too had fewer homes for sale, fewer closed sales, fewer homes from which to choose and a lower cost per average square foot. Boulder, for a change, was not the hot market in November 2020 it typically is.
Continuing this trend of lower prices for single family residence home prices in Erie fell $64,549 from October to November 2020 to $576,174. Prices in Erie also fell from last November to this November. Buyers were not into paying top dollar for homes in Erie either, even though there were fewer homes from which to choose and the price per square foot was only $1 more than in October 2020.
Home sellers in Longmont continue to reap the benefit of people wanting to move there. Home prices in Longmont increased to an average of $609,743, both year to date and from October 2020 to November 2020. With fewer homes on the market the price per square foot increased to $231.
Louisville’s average price for a single family residence was $744,969 in November, a decrease of $49,821 since October, but an increase of $35,854 since last year.
Between October and November, the average price for single family residence homes in Boulder County fell in all towns surveyed except for in Longmont. This indicates the real estate market is cooling off from the incredible surge in prices in October 2020.
If you are in the market to buy a home in Boulder County now may be a good time to do so. However, if you are a homeowner in Longmont you are in a great position to get a good return on your home.
Note: All Data is from IRES MLS.