Real Estate Market Summary: May, 2016
“Either make your money work for you, or you will always have to work for your money”
The ultimate goal in holding an asset, is to make a return for profit on the original investment. When you take away the physical and emotional connection to owning a house, you have an asset in its truest definition. The goal of this document is not to force your hand into making a decision on a whim, however it is to inform you of what is happening in the surrounding community. More specifically, Colorado has been noted as “the second-hottest real estate market in the United States.” Not only has the market made a great comeback over the last few years, the first months of 2016 have created an unique opportunity to cash in on your investment.
Over the last twelve months (April 2015 - April 2016), the market has shown:
31.3% decrease in months supply of inventory on housing
metric used to determine how many months it would take to sell all current
9.2% increase in housing prices
11.7% decrease in amount of days spent on market
6.2% decrease in new listings
→ This graph depicts the Months Supply of Inventory of Boulder, Weld, and Larimer counties across the last three years. The current low values mean that houses are flying off the market at an unprecedented speed!
→ This graph depicts the Median Sales Price of Boulder, Weld and Larimer counties across the last three years. There is a steady and positive trend in the above graph. This not only means that houses are gaining in value, but people are also spending more on housing.
At this point in time, there is high demand for houses on the market. Seasonality can play a role as well; Summer tends to be a popular time to try and sell, or buy a new house due to the ease that comes with the warmer season. After analyzing the outlined data above, along with the low months supply metric, and the rising median sales price, it marks an advantageous time to capitalize on your investment.
Estate Professionals has 20 years experience in Boulder County real estate. Call for a free, no obligation personalized market analysis of your property 720-466-3101.
All the best,
Dena Schlutz and Logan Schlutz