Broomfield Real Estate Market Snapshot
This Broomfield Real Estate Market Snapshot takes a look at the real estate market in Broomfield for February 2019. It was another very active month this early in the year. Average price per square foot rose for both detached single family homes as well as condos and townhomes. The average sales price also remained above $500,000. With the Spring buying season now upon us there is no reason to believe this number will go anywhere buy up over the next several months.
One of the most interesting stats from last month was the significant increase in total sales from February 2018 to 2019. Sales rose by 25%. This was evident when I was writing contracts and speaking with other agents. While homes weren’t seeing multiple offers in the double-digits, it was not uncommon to have 2-3 offers on a new listing last month. This helped the average sales price increase as well as it climbed 11.96% from February 2018.
Single family homes under $300,000 continue to be hard to come by. Last month only one of these homes sold, and there are currently none for sale at this price point. However, if a condo or townhome is something you are interested in, there are 9 currently available in Broomfield with an average price of just over $340,000.
It comes as no surprise that once again the price tier with the most activity last month was in the $300,000-$500,000 range. 38 homes sold in this price range last month and 12 are available on the market right now.
The $500,000-$750,000 price tier continues to be where you will find the most homes for sale. Since the average sales price in Broomfield is over $500,000, this is really not a big surprise because a large percentage of the total homes in Broomfield fall into this price range.
Broomfield Real Estate Market Report | May 2019
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 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/Luxury Homes, Broomfield Condos and Broomfield Town Homes.
You will also see a ”slice” of the data by Price Range and by Area for Single Family Homes to provide a more insightful view of the market.
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:
Global Luxury Property Specialist | Certified Real Estate Negotiation Expert
Coldwell Banker Residential Brokerage | Ref Realty
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