High End Condos Sales Boom in Boulder [Analyze This]

by Osman Parvez

What if I told you that higher end condo sales in Boulder increased massively in 2013?

Take a look at the following chart.   

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Right now, I'm crunching numbers for House Einstein's 2013 year end report and interesting trends are starting to appear.   Folks - you will not find this analysis anywhere else. If you want a copy, click here to sign up. 

To produce the chart above, I did a price range analysis for house and condo sales in Boulder utilizing data from both MLS systems.   I compiled the data and analyzed 3,134 sales during 2012 and 2013.    

The results are starting to look very interesting.

Supply and Demand Always Find Equilibrium
Take a tranche of the mid range for higher end condo sales - $500,000 to $600,000.   This price range experienced a 91% increase in sales volume last year.  Compare that to only a 7% increase for traditional single family, detached houses in Boulder.  

A 91% increase in sales volume is evidence for a strong growth market in higher end, non kiddie condos.   We're talking about decent size, well designed units 
in good locations.  These are the type of places where you'd expect nice finishes and space to entertain - you know, the kind that adults with well paying jobs or downsizing empty nesters might want to live in. 

Keep in mind that for every condo in the tranche, 3.4 houses sold.  Trading volume is much deeper for houses.   However as the Boomers age, demand for low maintenance, lock and leave so you can see the world condos will continue to grow.   Smart developers are going to be building and selling (or renting) more of these.  Wait and see.  

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Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.