Holiday – End of the Year Market Update – Attached Units

April 20, 2017
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# 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.  

 

**Important Note:
 The following data does not include City of Boulder Affordable home
sales.