Broomfield Real Estate Market Report | February 2020
It is a pleasure to share my monthly review of the Broomfield residential real estate market 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.
We are now a little over a month into the new year and the real estate market is already picking up. Over the past month I have read 6 different articles about how January and February are quickly becoming the new “Spring” buying and selling season. This is definitely something I am experiencing with my clients as they are eager to get homes on the market while my buyers are looking to get out early in an effort to beat the Spring rush. Over the course of the next several months I am guessing this will translate into slightly higher purchase prices and fewer days on market.
Last month Broomfield saw a fairly average month of sales. In total, 47 homes sold. This is just 6 fewer than last January and just slightly above the 5 year average. January is historically the slowest month of the first quarter so it is going to be very interesting to see what home sales numbers look like in February and March.
After dropping significantly in 2019, the average sales price is back on the rise to start 2020. The average sales price for single family homes in Broomfield for January was just over $536,000 (a 1.6% increase from 2019).
Another great indicator of an improving real estate market in the new year is an increased list to sales price ratio. Last January homes were selling for just 98.6% of list price. This year homes sold for 100% of list price. Obviously this is great news for sellers but I believe this is also good for buyers as this ratio did not exceed 100% which is one indicator of an extremely strong sellers market.
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.
Thank you again and enjoy the Broomfield Real Estate Market Report. If you have any questions about an area or your home specifically I am always here to help.
Broomfield Real Estate Market Report | February 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
- Redleaf
- Silverleaf
- Spruce Meadows
- The Broadlands
- Wildgrass
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.
Download the Broomfield Real Estate Market Report for February here.
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).
Visit www.RefRealty.net. Phone: 720.351.8488 or John@RefRealty.net
For questions regarding this Broomfield Real Estate Market Report or the Broomfield Real Estate Market in general contact:
John Grandt
Real Estate Professional | Certified Real Estate Negotiation Expert
Coldwell Banker Ref Real Estate
720.351.8488
www.RefRealty.net
