Boulder Valley Economic Snapshot - March '11

Spring hasn’t quite sprung as the last remnants of winter continue to meander across the Boulder Valley. This time of year is a time of change and uncertainty when it comes to the weather and the local real estate market. Spring and early summer are characteristically the busiest times of year for home sellers and buyers. The real estate market generally starts its pattern of increased listings and emerging sales as the weather improves. The market begins to de-hibernate.

This year should be similar to past years as home sales tend to peak in June and July; and then begin to drift lower during the balance of the year. The question becomes: Is there anything different this year than the past few years in the local real estate market?

Northern Colorado Economic Snapshot - March '11

Real estate markets are creatures of habit. They have a tendency to hibernate during the winter months and then slowly awaken when the first signs of spring appear. Hopefully, they are well-rested and in a positive frame of mind. For the past few years they have emerged grumpy and indifferent to the plight of home sellers.

The Federal government attempted to ease their pain by offering the buyer tax credit incentive program early last year. That resulted in area sales activity increasing noticeably during the first six months of the year, but then retreating for the balance of the year after the program expired in late June. The end result was that overall sales activity for 2010 for the Northern Colorado area was down about 12% for attached units and down around 2.5% for single family homes when compared to 2009. As we enter the spring of 2011, no government incentive program exists. The real estate market must sustain itself.

Broomfield/Westminster Economic Snapshot - March '11

Real estate markets are creatures of habit. They have a tendency to hibernate during the winter months and then slowly awaken when the first signs of spring appear. Hopefully, they are well-rested and in a positive frame of mind. For the past few years they have emerged grumpy and indifferent to the plight of home sellers.

The Federal government attempted to ease their pain by offering the buyer tax credit incentive program early last year. That resulted in area sales activity increasing noticeably during the first six months of the year, but then retreating for the balance of the year after the program expired in late June. The end result was that overall sales activity for 2010 for the Denver Metro area was down about 10% for attached units and down around 7% for single family homes when compared to 2009. As we enter the spring of 2011, no government incentive program exists. The real estate market must sustain itself.

Aurora Economic Snapshot - March '11

Real estate markets are creatures of habit. They have a tendency to hibernate during the winter months and then slowly awaken when the first signs of spring appear. Hopefully, they are well-rested and in a positive frame of mind. For the past few years they have emerged grumpy and indifferent to the plight of home sellers.

The Federal government attempted to ease their pain by offering the buyer tax credit incentive program early last year. That resulted in area sales activity increasing noticeably during the first six months of the year, but then retreating for the balance of the year after the program expired in late June. The end result was that overall sales activity for 2010 for the Denver Metro area was down about 10% for attached units and down around 7% for single family homes when compared to 2009. As we enter the spring of 2011, no government incentive program exists. The real estate market must sustain itself.

Metro Denver Economic Snapshot - March '11

Real estate markets are creatures of habit. They have a tendency to hibernate during the winter months and then slowly awaken when the first signs of spring appear. Hopefully, they are well-rested and in a positive frame of mind. For the past few years they have emerged grumpy and indifferent to the plight of home sellers.

The Federal government attempted to ease their pain by offering the buyer tax credit incentive program early last year. That resulted in area sales activity increasing noticeably during the first six months of the year, but then retreating for the balance of the year after the program expired in late June. The end result was that overall sales activity for 2010 for the Denver area was down about 10% for attached units and down around 7% for single family homes when compared to 2009. As we enter the spring of 2011, no government incentive program exists. The real estate market must sustain itself.

Jefferson County Economic Snapshot - March '11

Real estate markets are creatures of habit. They have a tendency to hibernate during the winter months and then slowly awaken when the first signs of spring appear. Hopefully, they are well-rested and in a positive frame of mind. For the past few years they have emerged grumpy and indifferent to the plight of home sellers.

The Federal government attempted to ease their pain by offering the buyer tax credit incentive program early last year. That resulted in area sales activity increasing noticeably during the first six months of the year, but then retreating for the balance of the year after the program expired in late June. The end result was that overall sales activity for 2010 for the Denver Metro area was down about 10% for attached units and down around 7% for single family homes when compared to 2009. As we enter the spring of 2011, no government incentive program exists. The real estate market must sustain itself.

Douglas County Economic Snapshot - March '11

Real estate markets are creatures of habit. They have a tendency to hibernate during the winter months and then slowly awaken when the first signs of spring appear. Hopefully, they are well-rested and in a positive frame of mind. For the past few years they have emerged grumpy and indifferent to the plight of home sellers.

The Federal government attempted to ease their pain by offering the buyer tax credit incentive program early last year. That resulted in area sales activity increasing noticeably during the first six months of the year, but then retreating for the balance of the year after the program expired in late June. The end result was that overall sales activity for 2010 for the Denver Metro area was down about 10% for attached units and down around 7% for single family homes when compared to 2009. As we enter the spring of 2011, no government incentive program exists. The real estate market must sustain itself.

Evergreen Economic Snapshot - March '11

Real estate markets are creatures of habit. They have a tendency to hibernate during the winter months and then slowly awaken when the first signs of spring appear. Hopefully, they are well-rested and in a positive frame of mind. For the past few years they have emerged grumpy and indifferent to the plight of home sellers.

The Federal government attempted to ease their pain by offering the buyer tax credit incentive program early last year. That resulted in area sales activity increasing noticeably during the first six months of the year, but then retreating for the balance of the year after the program expired in late June. The end result was that overall sales activity for 2010 for the Denver Metro area was down about 10% for attached units and down around 7% for single family homes when compared to 2009. As we enter the spring of 2011, no government incentive program exists. The real estate market must sustain itself.

South Metro Denver Economic Snapshot - March '11

Real estate markets are creatures of habit. They have a tendency to hibernate during the winter months and then slowly awaken when the first signs of spring appear. Hopefully, they are well-rested and in a positive frame of mind. For the past few years they have emerged grumpy and indifferent to the plight of home sellers.

The Federal government attempted to ease their pain by offering the buyer tax credit incentive program early last year. That resulted in area sales activity increasing noticeably during the first six months of the year, but then retreating for the balance of the year after the program expired in late June. The end result was that overall sales activity for 2010 for the Denver Metro area was down about 10% for attached units and down around 7% for single family homes when compared to 2009. As we enter the spring of 2011, no government incentive program exists. The real estate market must sustain itself.