Well, hot dog—summer is here! I hope you’re enjoying it wherever you are. We are for sure; with house and yard improvements, trout chasing, hiking and running and we’re putting our Christmas gifts to good use, SUPing the Boulder Reservoir. We are looking forward to camping at Brainard Lake up in the Indian Peaks Wilderness Area in July. And we can’t wait for a festive Independence Day holiday weekend with good friends, good food and live music galore. I hope you all have an awesome weekend!
On the biz front, last week I was recognized by RealTrends, Inc. for my 2022 production. In Colorado and the in the country I achieved the top 1.3% and 1.5%, respectively, in sales volume. RealTrends identifies the country's most successful residential real estate brokerages, teams and agents. They compile and verify transaction sides and closed sales volume for the industry's trusted annual rankings program. And the first half of this year is off to record production for my business. I will soak in some of the July and August lull in by enjoying the ColoRADo wild, but I'm still very busy with buyers and have some sweet listings coming soon. I can’t tell you how amazing it is that YOU all got me here. In my 19th year I feel so blessed to have such a long and successful career and I owe it to you for looking out for me by asking me to help you and your friends and family in touch with me. THANK YOU!
Please scroll down to take a look at our latest housing statistics from our RE/MAX of Boulder Managing Broker Todd Gullette. Here are his insights into the numbers: “All signs point to a stall or pause in our market with no danger signs apparent. Inventory has risen over the last year, but the overall level of inventory is still extremely low, protecting home values to a great degree. Median and average prices countywide shifted from high appreciation over the last two years to a stall, flirting with neutral or low single digit negative appreciation. The sales price to list price ratio shows a drop of around 5%, while average market time or days on market increased 88% for single-family homes and 37% for attached dwellings. The number of sales for the year so far has dropped once again around 25%."
In addition, you’ll find that we’ve added new charts showing percent of available homes under contract for individual towns and cities. "This statistic is a great way to take a quick temperature of the market," says Gullette. He notes, “Above 35% under contract is still an appreciating market. Last year we saw under contract percentages well above 75% in most areas.”
Well, please reach out to me anytime—I’d love to hear from you!
Happy holiday to you and don’t forget to SMILE,
Jon Hatch
Realtor®, RE/MAX Lifetime Achievement®, RE/MAX Hall of Fame®, GRI®, ABR®
RE/MAX of Boulder
303-513-2834
hatch@boulderco.com
http://www.jonhatch.com
Lead photo: Classic Colorado Mountain town abode in Creede with dooryard cooktop and clothes washer included by Jon Hatch.