It is a pleasure to share my Broomfield residential real estate market for December with you. This report, which is based on extensive personal research, offers you the opportunity to examine the 2020 market trends and relevant sales statistics and to explore what is happening in your neighborhood’s micro market. I hope you will enjoy this report and find it both useful and enlightening.
In November, the Broomfield housing market continued to boost all-time records, with average days on market for detached single-family homes at a very speedy 20 days, representing the seconds lowest month of 2020, and just 3 days more than the record low of 17 days in July of 2016.
Active listings for both attached and detached single-family homes came in at 81, surpassing the previous low set in January 2015 of 91. The average sales price for a single-family was $614,988 and detached homes sold for an average of 395,259.
For many, the holiday season will be a different experience when compared to previous years due to COVID-19, and the same can be said for the Broomfield market. For sellers, this market continues to push the prices at which they can list the house, leaving them with a choice to decide on multiple offers in the hopes that the buyer they choose will actually make it to the closing table without any inspection or appraisal issues. Meanwhile, buyers are competing on most properties that hit the market, and up terms to secure a place they can call home, all while trying to take advantage of the low interest rates.
While still strong, the Broomfield real estate market is beginning to experience the typical holiday slowdown. There were a total of 84 sales in November which is the fourth lowest total in 2020 and is the same number of homes sold in November 2019. Prior years are likely the best indication of total sales. By looking at this data it’s safe to assume the next two months will be slower, with sales beginning to increase again in February and March of 2021.
The average sales price for a home continues its climb towards $600,000. Over the past 12 months the average sales price has risen by more than $35,000 or an increase of 6.3%. In November, the average sales price for a single family home in Broomfield was $614,988 while the average price for a detached home was $395,259.
Thank you again and enjoy the December edition of the Broomfield Real Estate Market Report. If you have any questions about an area or your home specifically I am always here to help.
I am proud to live in Broomfield and to serve our community. If you are considering selling your home or thinking of buying one, I would be grateful for the opportunity to earn your business.
Broomfield Real Estate Market Report | December 2020
Below is a link to the full version of my monthly market report for Broomfield. In addition to the information above you will find micro market information on the following neighborhoods:
- Anthem Highlands
- Anthem Ranch
- Aspen Creek
- Country Estates
- Lambertson Farms
- McKay Landing
- Spruce Meadows
- The Broadlands
Don’t see your neighborhood on the report? Contact me today and I will prepare a similar report about the market activity in your neighborhood and include it in all future months of the Broomfield Real Estate Market Report.
Helping You Make Informed Decisions Regarding Broomfield Real Estate
I produce this monthly report to provide you with a high level overview by looking at the patterns and trends.
I hope to help you make sense of the numbers so you can make informed decision. It is my hope that this report helps you to ”See the Big Picture and All the Details!”
If you see a segment of the market that you would like additional help with understanding please contact me. Or if you desire a specific Property Valuation Report that I routinely prepare for my clients, please contact me.
This report covers Broomfield Single Family Homes and Broomfield Luxury Homes.
See the big picture and all the details of the Broomfield Real Estate Market and more –> Download the full market report as well as find more valuable information about Broomfield Real Estate here.
How can I help you with your Broomfield, CO Real Estate Needs?
This Broomfield Real Estate Market Report and the level of detail is representative of what you can expect from me as your Real Estate Agent.
I am a Colorado native and Broomfield resident with years of local knowledge and insight to help meet your needs, and I strive to exceed client expectations.
You May Be Wondering… What is My Home Worth?
Do you wonder what your home is worth in the current market? Do you desire a specific Property Valuation Report that I routinely prepare for my clients? Please contact me.
If you are considering buying or selling a home, I would appreciate the opportunity to earn your business (or that of a friend you think I could help).
For questions regarding this Broomfield Real Estate Market Report or the Broomfield Real Estate Market in general contact:
Real Estate Professional | Certified Real Estate Negotiation Expert
Coldwell Banker Ref Real Estate