It’s that time of the month again! Home sale statistics are out from Metrolist and while sale prices are below what they were in Broomfield this time last year they are up since last month.

In October the average home sale price (for Broomfield) was $314,897 which is up from $312,505 in September (2007). The average condo sale price was $224,807, up substantially from $182,000 in September. Right now it takes an average of 109 days to sell your home in Broomfield. It takes about 202 days to sell a condo.

The average sales price in Broomfield for this time last year was at $349,470 with 101 Days on the Market. The average condo sales price was $187,573 with 114 Days on the Market.

Anecdotally, I am seeing sellers who are upset that their homes aren’t selling, but aren’t doing what needs to be done to actually get it sold. (Granted, some sellers are in a tough spot, because they owe more than (or pretty close to) what the home is worth and have very little wiggle room.)

Still other sellers aren’t quite getting it, as evidenced partly from the Days on the Market figure above. They’re asking too high of a price for the condition of their home and neighborhood. They aren’t adhering to the “pretty, pristine and priced right” principle. It is a very competitive market out there right now for sellers, because buyers have their pick of homes and time is on their side. You need to give them a really, really, really, GOOD reason to buy your home.

The fact that you love your home just isn’t enough. I’ve had sellers tell me on the one hand they just need someone who loves their home like they do and oh yeah, they need to sell it tomorrow. It places expectations on buyers that buyers just don’t need to put up with in this market.

I understand it’s easy to get used to having things the way they are in your home. Right now one of the lights on the outside of my garage doesn’t work. Frankly I don’t care that it doesn’t work and I have no immediate plans to fix it. However, if I were planning to sell my home I’d have the electrician out here ASAP to fix it. That’s the difference between selling your home quicker and for more money or just hoping that everyone else doesn’t care about those little things that you’ve grown comfortable with.

If you would like my FREE no-nonsense report on how to sell your home in a tough market click here to download the 2 page report, free of charge!

Would you like to know what your neighbors got for their house? Email me with the name of your neighborhood and I would be happy to find out for you.

Beth Skinner is a real estate professional who actually returns phone calls and emails! Click here to search the MLS for your dream home.

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The monthly home selling statistics have been released by Metrolist and in Broomfield, for the month of September, average days on the market were a tough 140 days, average sales price was $312,505, 73 houses were under contract and 77 sold.

Contrast these numbers to September 2006 where average days on the market was 88 days, average sales price was $324,995, 70 houses were under contract, and 74 sold.

So what does this mean to you the Broomfield home buyer/seller?

Houses are a little cheaper on average so it is a great time to buy. (It’s like a sale!) It’s an even better time to move up to a bigger or nicer home if that’s something you’ve had your eye on. New home developments in Broomfield are offering some very sweet deals right now and they’re definitely worth checking out. A Realtor (yes, me if you’d like!) can help you negotiate price reductions, upgrades and bonuses like large screen TV’s, landscaping, and appliances.

As far as being a seller it all depends on your situation. If you owe more than your home is worth – face facts – it’s not going to sell for more than market value. It’s not a pretty fact but it’s a fact. You may have to wait until your home’s value increases or you may have to bring money of your own to the table to get the house sold. This doesn’t mean you’re “paying” someone to buy your home, it simply means that you have to pay off the balance on your mortgage, and unfortunately at this point in time you are unable to sell your house for the amount you’d like.

If you have plenty of equity in your home however, and are willing to negotiate on price, and your home is in good shape, you should still be able to sell for a very decent price. As I’ve mentioned numerous times, if your home’s market value is not what you were hoping for, you could consider renting it out instead.

If you’d like to know what homes are selling for in your neighborhood, email or call me, and I can send you a report. No cost. No obligation. And I won’t even call you and bug you afterwards, if you have additional questions, you can call me.

If you would like to know what kind of mortgage you might qualify for (including FHA!) try Eric Grandcourt at 303.229.1292 – and he won’t bug you either – seriously.

Beth Skinner is a real estate professional who actually returns phone calls and emails! Click here to search the MLS for your dream home.

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Average Broomfield home sale prices were down to $325,330 in August 2007 according to Metrolist statistics from $336,373. Not great if you were the seller, but far from bad, and this still hardly denotes a “housing crisis.”

If you’re thinking about buying, this is definitely the time to get serious. Do it before the markets start to recover and prices begin increasing again.

The number of Broomfield homes sold in August 2007 was up to 94 from 86 a year ago.

Note that last month the average price of a home sold in Broomfield was $314,373 and 92 homes sold.

Beth Skinner is a real estate professional who actually returns phone calls and emails! Click here to search the MLS for your dream home.

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The Metrolist housing sale statistics have been released again for the month of June and despite the dire pronouncements from the Rocky Mountain News (seriously, who writes these headlines???) the Broomfield housing market is NOT in the toilet. (Of course then the next day a headline points out that fewer homes went unsold which may signal an end to the real estate market slump.)

In the month of June, 92 houses sold which although down from 102 in June it’s still significantly higher than previous months such as 52 in February.

Average Days on the Market were way down to 88 compared to a high of 131 in June. This is good news to most sellers who would prefer to sell sooner rather than later.

The average sale price was at its lowest all year at $314,373. This can be taken 2 different ways: while softening home prices may not be the greatest news for sellers, it is great news for buyers. Admit it, housing prices are high in Colorado, compared to many other parts of the US, and it is difficult for a lot of folks to buy a home.

Sellers, unless they owe more on their home than it is worth (that’s called “upside down” in mortgage broker speak), probably made a nice little profit on their home anyway, just not the crazy profits they were making earlier in this decade. And seriously, the average home sale price was $314,373?? That’s not exactly cheap housing.

Besides, what sellers may not gain on selling their home, they can still make up on the back end when they go to buy a different home themselves and get a good price on that.

Again, all of this assumes that you actually have some equity in your home and don’t have some crazy-ass mortgage adjusting all over the place and that you’re simply selling your home because you’d like a bigger/nicer one or just a different location within the metro-Denver area.

While the previous statistics were for single family homes, the average sale price of a condominium in Broomfield was $208,886 down a little from $209,740 June.

Beth Skinner is a real estate professional who actually returns phone calls and emails! Click here to search the MLS for your dream home.

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Metro List has released their sales figures for June 2007 residential sales in the Broomfield area:

Active listings increased to 441 (from 418 in May).

Average list price decreased to $444,678 (from $449,196 in May).

Homes under contract decreased to 101 (from 125 in May).

But here’s the kicker and ultimately the most important part - esp. if you’re a seller - the number of homes SOLD leapt to 102, up from 70 in May, 53 in April, 57 in March, 51 in February, and 62 in January.

Average Days On Market increased to 131 from 102 in May.

Average sold price hopped to $340,735 from $322,374 in May.

How does this compare to June 2006 you ask?

In the Broomfield area the average sold price was $328,328, average Days On Market was 100 and 92 homes were sold.

Broomfield has numerous subdivisions with homes to fit a variety of price ranges, tastes and needs. If you would like to view a home in Broomfield or sell your current home in Broomfield, please don’t hesitate to call me, Beth I. Skinner, Associate Real Estate Broker, at 303.887.1883.

If you’re a first time home buyer we can talk about several options open to assist limited income, first time home buyers and if are interested in purchasing a HUD home I am a HUD-approved Realtor so I can help you with that as well.

Beth Skinner is a real estate professional who actually returns phone calls and emails! Click here to search the MLS for your dream home.

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You may or may not have noticed the story on home sales in the Rocky Mountain News this morning where the author points out that the median (exact middle) home sale price fell 1.3% in the Denver-Metro region in the first quarter of this year compared to a year earlier.

Interestingly, the one region that turned in a stellar performance in the first quarter is our very own Broomfield. The median sales price increased over 24% during the first quarter of 2007 compared to last year.

Data for this article was taken from a service called DataQuick which tracks public records.

According to data from the Metro List the average home sale price in Broomfield went from $299,516 in the 1st quarter of 2006 to a whopping $353,740 in the 1st quarter of 2007.

In the Westminster/North Denver area the average home sale price for the 1st quarter of 2006 was $230,179 but dropped this year to $212,904. Although Days On The Market decreased from 112 to 80. And the number of homes sold went from 326 to 332.

In the Northglenn/Thornton area the average home sale price for the 1st quarter of 2006 was $212,875 but for the 1st quarter of 2007 it came in at $205,939. Average Days On The Market went from 100 to 116.

Let’s keep in mind too that the first quarter of this year in Denver was miserable weather wise, especially January and February. Yards and sidewalks were still covered in snow and thick ice and unless a buyer was desperate to find a house he waited until things melted to venture out.

The age old caveat applies to home sales – price it correctly, repair what needs to be fixed and clean it up – it will sell.

Beth I. Skinner, Associate Real Estate Broker, Making dreams come true, one house at a time.

Beth Skinner is a real estate professional who actually returns phone calls and emails! Click here to search the MLS for your dream home.

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