|
I know you have been holding your breath for my annual real estate report. You can now rest. Pour a cup o your favorite beverage and enjoy…this is brief and it's not bad.
The nice thing about crunching the year-over-year data is that it reaffirmed what we all noticed throughout the year: fewer sales and only slightly declining values. The high interest rates are primarily responsible for fewer sales. The declining value is a result of the supply increasing just a bit more than the demand. Be aware that the decline is the statistical result of the City of Boulder -a large marketplace with many micro markets. Overall, values are down but values might not be down in every neighborhood.
In that regard, herein, I have cross examined just the City of Boulder and the data does not include the surrounding towns such as Lafayette or Louisville. I have looked at the data and it shows similar results: Year-over-year, in Louisville and Lafayette collectively, there were 12% fewer sales and the median sold price was 4.5% lower.
| 
