Apr
Broomfield Real Estate Statistics March 2006, 2007, 2008
Filed Under (Broomfield Home Sale Statistics, Health of Real Estate Market) by admin on 08-04-2008
Tagged Under : Broomfield Home Sale Statistics, broomfield real estate, broomfield realtor
Metrolist recently released their monthly real estate statistics and since it’s typically considered best to compare data from the same time each year, rather than month to month in any given year, I used data from Broomfield real estate in March 2006, 2007, 2008 because I thought it was very interesting and it’s the most readily available on Metrolist.
March 2008 - Residential - Average “sold” price for Broomfield real estate: $351,206
March 2007 - Residential - Average “sold” price for Broomfield real estate: $326,692
March 2006 - Residential - Average “sold” price for Broomfield real estate: $289,741
As you can see, Broomfield’s average “sold” price has increased considerably since 2006. Also, just to give you an idea, the February 2008 average “sold” price in Broomfield real estate was: $319,884.
As far as number of homes sold:
March 2008 - Residential - Number of homes sold in Broomfield real estate: 67
March 2007 - Residential - Number of homes sold in Broomfield real estate: 57
March 2006 - Residential - Number of homes sold in Broomfield real estate: 77
March of 2008 was not as “busy” as March of 2006 but “busier” than 2007. In other words the housing market in Broomfield may not be smoking hot but it’s far from a disaster.
As I have mentioned in this blog before, unfortunately most of what the media comments on are national average figures which is akin to having a national average weather temperature. This real estate “crisis” is STILL and always was being driven primarily by FOUR states: Florida, California, Arizona and Nevada where investors were more prevalent than in other areas and when their investment values began to slide, they simply walked away which greatly exacerbated the problems in those areas.
photo credit: Jacob.Enos
