2014 has seen a continued increase in demand for Boulder County real estate. With low interest rates, local companies continuing to hire, and the influx of out of state buyers, condominiums, town homes and single family homes have been in high demand. Subsequently there is a low supply of properties for sale which is benefiting sellers with an increase in their sales price from previous years. If a home is properly priced a seller has a good chance of getting full asking price and in some cases even more when there are multiple offers and a bidding war ensues. We’re at a fascinating cross roads for buyers having great purchasing power by having access to historically low interest rates, and for sellers taking advantage of the strong demand. It will be interesting to follow this trend and see how it tracks into the future.
For more information on market statistics from the Boulder Area Realtors Association:
November 2014 Boulder County Statistics
