# of Closed Sales: 31
Average Days on Market for Solds: 55
Median Sales Price: $535500
# of news listings: 2
Months of Inventory Last Month: 2
This market update focuses on Attached Home Sales (Condo and Townhome). The reason for focusing on Attached Units is that the Holiday Neighborhood is about 70% attached homes, so the large majority of the sales are attached units.
In 2016 Holiday saw 31
attached unit sales with a median price $535,500, compared
to a median price of $408,000 in 2015 on 29 sales. The median price for
attached units took a huge jump of 31% in 2016. Averaged days on market
were 55 days in 2016 compared to 53 days in 2015.
The large increase in median price in 2016 is pretty unusual. I believe the large median price increase is due to Holiday being undervalued for several years and in 2016 Holiday caught up to the rest of the Boulder attached market. I expect prices to continue to climb in 2017, but at a slower pace than 2016 increases.
The market will continue to favor sellers this spring with extremely low inventory of units on the market.
The following data does not include City of Boulder Affordable home