Dec
Broomfield Home Sale Prices JUMP!!
Filed Under (Broomfield Home Sale Statistics) by theskinnyonrealestate on 05-12-2007
Wow. What a month it has been for home sellers in Broomfield! The average home sale price in Broomfield, for the month of November, was a whopping $437,108 - up from last month’s price of $314,897. The highest sale prices all year. The average Year To Date sale price is $340,292.
This time last year the average sale price was $395,976 and the Year To Date average sale price was $326,493.
In August the Metrolist service reported that there were 408 active listings but in November that number had shrunk to 316. 18 listings expired in November as compared to 23 in August.
So what does all of this mean? For starters, there are obviously a lot of brand new homes in Broomfield which can drive prices up including Wildgrass, Anthem and the Broadlands. But this also seems to indicate that more people are obtaining mortgages and are able to close on the sale of their homes which was more of a problem back in August.
Yes, despite what the national media likes to cry about every night people are getting mortgages, people are PAYING THEIR MORTGAGES ON TIME (over 97%!!!), and home values are going up. Personally I don’t think that the national media should be making broad comments on the real estate market any more than they do the weather. Can you imagine the weather lady on Fox News telling you the average temperature of the United States for the day? What good would that do us in Broomfield? Real estate is LOCAL, LOCAL, LOCAL.
Okay, before I get too worked up here let’s move on.
For condos in Broomfield the average sale price was $192,817 which was down from $224,807 in October. It’s important to note however, that the average Days On Market in November was 88 compared to an astonishing 202 the previous month. Again this may very well indicate that credit markets are opening up a little which is obviously extremely helpful for home buyers.
For November of last year the average sales price of condos in Broomfield was $196,879 with 155 Days On Market.
All of this data came from the Metrolist service.
If you want to know what homes are selling for in your neighborhood please don’t hesitate to email me at beth@bethskinner.com for a FREE, no obligation, comprehensive 12-month report on sales data in your neighborhood.
