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Broomfield Westminster Thornton Homes For Sale
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Call  303-250-4735  to have a neighborhood top expert REALTOR on the Homewerks Real Estate team help you buy or sell your Colorado home. Click on the links at the bottom to view homes for sale in Broomfield Colorado and to get more current real estate information. Feel free to call us with any question you might have, we would be glad to help! Right now is a great time to list a home for sale in Broomfield with Keller Williams Realty!

Broomfield CO Real Estate & Homes Sold Information current figures from recent data compiled November 2013. Updated December 2013.

Broomfield
Residential Real Estate 2013
           
               
Month Homes Active     
Homes Sold For Month Average Price Sold Homes Sold For Year Average Days On Market New Listings For Month Absorption Rate Months
JAN 111 53 $347,197 53 60 70 2.3
FEB 99 46 $289,041 99 58 63 2.4
MAR 92 71 $370,591 170 60 96 1.4
APR 148 74 $335,547 244 46 140 1.5
MAY 126 72 $333,864 316 33 136 1.3
JUN 134 98 $346,792 414 29 122 1.1
JUL 147 104 $351,384 518 26 113 1.3
AUG 178 77 $385,682 595 28 122 1.9
SEP 185 72 $342,096 667 41 83 2.5
OCT 170 64 $361,826 731 31 81 2.9
SEP 185 72 $342,096 667 41 83 2.5
OCT 170 64 $361,826 731 31 81 2.9


Broomfield  Real Estate Condominiums 2013            
               
Month Condos Active     
Condos Sold For Month Average Price Sold Condos Sold For Year Average Days On Market New Listings For Month Absorption Rate Months
JAN 31 16 $269,305 16 82 12 1.8
FEB 31 2 $191,500 18 116 17 15.5
MAR 35 20 $218,439 38 62 29 1.6
APR 44 20 $237,152 51 44 26 2.2
MAY 30 20 $221,337 71 87 17 3.6
JUN 37 17 $233,265 96 41 24 1.5
JUL 25 13 $223,612 109 30 17 2.2
AUG 29 16 $222,657 125 45 18 1.6
SEP 26 13 $228,912 138 39 9 2.2
OCT 50 18 $471,078 156 100 38 5.8
SEP 185 72 $342,096 667 41 83 2.5
OCT 50 18 $471,078 156 100 38 5.8

.

Broomfield Colorado Real Estate Statistics:

    33.3% increase in the number of sold homes year-over-year
    13.1% increase in the number of closed sales year to date
    -45.8% decrease in average days on market
    -24.6% decrease in active listings
    24.2% increase on new listings as compared to June 2013
    15.5% increase in the average price sold

Broomfield Townhome and Condominium Statistics:

    -55.2% increase in number of sold condominiums year-over-year
    16% increase in number of closed sales year to date
    -55.9% decrease in average days on market
    -32.4% decrease in number of active listings
    -19% decrease on new listings
    6% increase in average price of sold condominiums

The inventory of Broomfield real estate available for sale in July 2013 has dropped a little more as compared to this same time in July 2012.But there has been an increase in the number of new listings from June to July by 24.2%. Buyer demand continues to be strong, although the general direction still is that the real estate market is a "seller's market," meaning the advantage is still for the sellers of homes due to the reduced inventory of real estate that is still down by -24.6 in listed homes for sale in July 2013 as compared to July 2012.

The one thing that is central to the excitement about the current market is the average time to sell in the metropolitan Denver area, at 1.3 months for Broomfield residential single family homes and 2.2 months for Broomfield residential townhomes and condominiums.

Despite the climb in interest rates, the overall confidence in the market locally is very strong and the demand for homes for sale continues very aggressively!

We can send listings and information by request! 

Homewerks   303-250-4735

Broomfield Residential Real Estate 2012            
               
Month Homes Active Homes Sold For Month Average Price Sold Homes Sold For Year Average Days On Market New Listings For Month Absorption Rate Months
JAN 200 30 $295,401 30 105 70 6.9
FEB 190 56 $313,648 86 105 81 3.6
MAR 187 46 $331,963 125 106 100 4.1
APR 183 79 $344,957 211 93 93 2.4
MAY 191 91 $326,488 302 66 123 2.0
JUN 195 78 $330,763 380 65 93 2.9
JUL 195 78 $304,309 458 48 91 2.5
AUG 172 80 $340,470 538 70 80 2.4
SEP 159 60 $322,089 598 68 66 2.9
OCT 145 63 $319,034 661 52 64 2.5
NOV 130 50 $320,496 711 62 49 2.9
DEC 120 54 $357,285 765 65 37 2.4


Condos
Broomfield Real Estate Condominiums 2012            
               
Month Condos Active Condos Sold For Month Average Price Sold Condos Sold For Year Average Days On Market New Listings For Month Absorption Rate Months
JAN 47 4 $189,000 4 207 15 13
FEB 52 12 $158,409 16 116 17 3.9
MAR 58 6 $174,689 22 53 27 8.7
APR 61 12 $245,701 34 115 22 4.8
MAY 54 17 $235,012 51 127 21 3.6
JUN 38 14 $189,918 65 140 15 5.9
JUL 37 17 $210,859 94 68 21 1.3
AUG 36 14 $203,905 108 93 21 2.6
SEP 37 9 $190,511 117 67 21 4.0
OCT 36 21 $250,837 128 92 16 1.8
NOV 36 13 $215,788 151 73 11 2.8
DEC 29 9 $192,761 160 101 11 4.0

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Taking a look at real estate for sold homes in the Broomfield area for the past year in 2012 and looking at what will be the 2013 projections for Broomfield home sales indicates that both the Denver and Broomfield housing market are making a very strong recovery with the average sales price for 2012 settling at $357,285.

Residential Statistics Broomfield Colorado Real Estate Sales:
17.9% Increase in sold real estate year over year 2012-2013
-35.5% Decrease in absorption rate
-47.1% Decrease in active listed homes for sale year over year 2012-2013
8.4% Increase in average sold price

Condominium Statistics Broomfield Colorado Real Estate Sales:
46.8% Increase in sold condominiums real estate 2012-2013
-29.4% Decrease for days on market average across Broomfield County
7.5% Increase in average sold Broomfield condo prices

Broomfield Sellers desire the highest price for selling their home in the shortest amount of time on the market and with the least amount of hassle, and Broomfield area buyers want the right piece of real estate at the right price. As professionals in the Denver real estate market, it is our goal to connect this into a desired outcome for both the buyer and the seller. If you are looking to sell or buy Broomfield real estate in the future, then feel free to contact us.

Feel free to call us for information and to have emails of the most current active properties sent to you!
303-250-4735


Residential Highlights

    46.5% Increase in closed sales year over year
    59.4% Decrease in Absorption Rate (2.4 months)
    -42.2% Decrease in active listings year over year (145)
    22.6% Increase in sold homes year to date

Condo/Townhome Highlights

    200%  Increase in closed sales year over year
    -41.9%  Decrease in inventory year over year (61)
    14.3%  Increase in average sold price ($245,701)
    -45.6% Decrease in average days on market (115)

November 2012:
Homes sold in October 2012 is showing an increase in the number of Broomfield home sales at 46.5 percent over the number of sold homes a year ago. This trend has been ongoing since the late summer of 2010, and what is amazing to see is this increased change despite the decrease in the number of listed homes in the Broomfield area. The available inventory is down -42.2 percent from a year ago at this time and the absorption rate has dropped considerably, the average number of months to sell currently is at 2.5 months versus 6.2 months in October 2012. Condition and location and listed sales price all come into play when listing a home for sale in the Broomfield real estate market.The days on market is at 52 days as compared to 92 days last year at this time.All figures are in unison with the Denver area real estate market, overall better in the improved numbers, the best is the decreased days on the market, 52 for Broomfield and 67 for the Denver metro area.

Broomfield condominiums sold for October 2012 has heated up, and this is apparent in the sold numbers. 21 condos sold in the month of October 2012 as compared to 7 in October 2011. This is a 200 percent increase in sold condos and the sold price is way up at $250,837, increased from 2011 by 14.3 percent, the average selling price then was at $219,478. October was the best month in this past year for selling condominiums and the figures are in line with increases in Denver area sold condominiums statistics, only outdistancing the average sold price for other areas in the Denver front range, which was at only $179,803, and the Denver areas overall showed an increase of 11.9 percent.

July 2012:
Broomfield real estate in June 2012 is still showing a positive trend in home sales. The most notable change is in the average sales price for housing and condominiums. The average sold price is at an increase of 19.1% over last year for home sales ($230,060) and 8.5% over July 2011 for condos ($139,066).

Update of the Broomfield real estate market highlights feature:


Broomfield Residential Real Estate 

19.9% increase in sold Broomfield real estate year over year
-19.8% decrease in days on market year over year
-40.7% decrease in active listings compared to June 2011
2.9% increase on average sold price ($340,218)

Broomfield Condominium & Townhomes Real Estate

41.7% increase in closed sales year over year
-83.3% decrease in active listings year over year
8.5% increase in average sold price ($139,066)
-78.6% decrease in absorption rate (.6 months)


We have a passion for real estate and we care about helping people with the right move when it comes to making a decision on a home for sale, whether you are looking to sell real estate in Broomfield or you are thinking about buying a home in Broomfield or the other Front Range areas of Denver. Our services and experience are available at anytime so please call with any question you might have.

We can send listings and information by request! Call us, you will be glad you did!

Homewerks in Broomfield Westminster Thornton Brighton areas.

Shaun 303-250-4735

June 2012: Broomfield area home prices continue to soar in May despite declines in most U.S. markets. For the fifth straight month, Broomfield posted a year over year increase in home prices in May, maintaining a rate of 6.9% and showing an increase in sold residential real estate at 30% more than 2011. 


 April 2012: Home sales for real estate in the City and County of Broomfield indicates that sold homes listed for March 2012 currently is at 132 for 2012, which is considerably more than a year ago, the number of homes sold at this time in 2011 was at 98 sold houses. The number of residential single family homes listed is 187 properties which dictates a decrease of -35.3% compared to March 2011. Combined with a decrease in available housing listed on the market when compared to last year at this time, the current inventory is down and the number of property sales is up 35.7% from 2011 at this time. The days on market is close to the same as last year, however, with less inventory the formula for absorption rate decreased by over one third, -36.3%, putting the average days on market to be around 105 days to sell real estate in Broomfield. The price for a sold home in Broomfield Colorado is up by 6.9%, with the average price being at $331,963. Broomfield real estate sold prices have been showing almost twice the increase percentage increase when putting them side by side with the Denver area sold prices data. Maintaining the trend of less available inventory on the market, the decrease in active listings combined with the increase of 34.7% in residential housing actually sold should indicate that the upcoming selling season will provide higher sales prices and more homes sold than last year.

Broomfield Condos sold is at 6 for the month of March 2012 which has slowed down from last month and there have been 22 closed condominium transactions year to date. The days on market has dropped -31.2% from a year ago with the average days being 53 to sell. Currently the decrease in the Broomfield condo and townhomes inventory is adding up to a lower absorption rate at 8.7% compared to last March 2011 at 10.7%. Active listings for Broomfield condos and townhomes is down -33.3% and the market for real estate sales in Broomfield is showing more sold homes for residential, but the condo market is relatively the same, only less homes on the market and less condos on the market to buy.

 Broomfield Colorado Real Estate Residential Data Solds March 2012:
• 34.7% Increase in recently sold homes closed sales (year over year)
• -36.5% Decrease in Absorption Rate (4.1 months)
• -35.3% Decrease in current active listings (187)
• 6.9% Increase in recent average sold price $331,963

Broomfield Colorado Real Estate Condo/Townhome Solds Highlights March 2012:

• -14.3% Decrease in recently sold condos closed sales (year over year)
• -19.1% Decrease in Absorption Rate (8.7 Months)
• -33.3% Decrease in current inventory (58)
• -6.8% Decrease in recent average sold price $174,689


February 2012: Home sales in the City and County of Broomfield are showing an increase of 51.4% in recently sold homes closed in February 2012 as compared to a year ago at this time. A total of 56 residences were sold , combined with a decrease in available housing listed on the market when compared to last year at this time. In February 2011 there were 260 homes on the Broomfield area real estate market as opposed to the current amount of 190 active properties for sale. Reflecting a drop in the days on market, the absorption rate has decreased by nearly half, -47.8%, putting the average days on market to be around 103 days to sell. The price for a sold home in Broomfield Colorado is up by 3.9%, with the average price being at $313,648. Broomfield real estate sold prices have been showing almost twice the increase percentage increase when putting them side by side swith the Denver area sold prices data. Maintaining the trend of less inventory on the market, the decrease in active listings combined with the increase of over 48% in homes actually sold should indicate that the upcoming selling season will provide higher sales prices and more homes sold than last year.

Condos sold is at 12 for the month of February 2012 which is double from last year and there have been 16 closed transactions year to date. The days on market has dropped -22.1% from a year ago. Currently the decrease in the condominium inventory for sale is at -30.7% and Broomfield condos and townhomes and the market in real estate in Broomfield is doing better than Denver as a whole.

Broomfield Colorado Real Estate Residential Highlights:
• 51.4% Increase in recently sold homes closed sales (year over year)
• -47.8% Decrease in Absorption Rate (4.7 months)
• -26.9% Decrease in current active listings (190)
• 2% Increase in recent average sold price $313,648


Broomfield Colorado Condo/Townhome Highlights:

• 100% Increase in recently sold condos closed sales (year over year)
• -65.4% Increase in Absorption Rate (6.2 Months)
• -30.7% Decrease in current inventory (52)
• 15.3% Decrease in recent average sold price $158,409

Feel free to call us at anytime with any question you might have. Homewerks in Broomfield Westminster Thornton Brighton areas. 303-250-4735.


Single Family Residential Data Solds January 2012

Broomfield real estate sold homes data shows that the number of residential homes listed is down  -20.9% from January 2011 and the number of homes that sold, at 30 for January, is nine (9) more than the 21 real estate listings closed last year at this time. This puts the amount of sold residential homes at 42.9% above January 2012. What is really great to see in all of this is the increase in sales price. The average sold price was $295,401 in contrast to $261,621 a year ago. This reflects an increase of 12.9% in average sold prices of closed transactions thus far for 2012. The absorption rate, you can read more about the absorption rate further below, is nearly half of what it was in 2011 and that adds up to one thing: seller’s market! If you have been thinking about listing a home for sale in Broomfield Colorado real estate conditions for the market are super with lower inventory, historically low rates and sales prices that are considerably above January 2011!

Condos and Townhomes in Broomfield Sold Data January 2012

Broomfield Condominium real estate market is another story, so far.  There is not a lot of sales activity for condos sold in January 2012, the total sold condos being at 4 compared to 5 last year in January 2011. The number of actively listed condominium homes listed for sale is at 47, totaling 21 less than a year ago when there were 68 condominiums on the Broomfield real estate market.  The average sales price is $189,000 countered against $182,634 in January 2011. An increased change of just 3.5%  over last year. Average days on the market is much higher at 207 days to sell a condo in contrast to only 100 days a year ago. But since the inventory is down by -30.9%, the absorption rate is almost the same showing a slight drop from 14.2 months of inventory down to 13 even months to sell condominium real estate in the City and County of Broomfield.


Broomfield Residential 2011
           
               
Month Homes Active Homes Sold For Month Average Price Sold Homes Sold For Year Average Days On Market New Listings For Month Absorption Rate Months
MAY 328 70 $305,307 242 90 111 4.4
JUN 329 75 $330,763 317 81 96 4.4
JUL 303 53 $313,921 370 85 78 6.2
AUG 282 74 $343,462 444 88 84 4.1
SEP 267 52 $332,385 496 91 88 5.4
OCT 251 43 $353,033 539 92 74 6.2
NOV 235 47 $358,028 586 121 63 5.3
DEC 206 63 $329,476 649 103 50 3.7
Broomfield Condos and Townhouses 2011        
               
Month Condos Active Condos Sold For Month Average Price Sold Condos Sold For Year Average Days On Market New Listings For Month Absorption Rate Months
MAY 85 12 $224,551 37 82 16 7.4
JUN 78 12 $179,324 49 97 17 6.5
JUL 71 11 $176,673 60 107 13 7.1
AUG 60  9 $225,905 69 171 14 7.9
SEP 54 13 $210,883 82 201 12 4.6
OCT 62 7 $219,478 89 169 21 7.7
NOV 63 10 $219,313 99 158 13 6.2
DEC 52 10 $179,250 109 143 8 6.3

December 2011: Now that we have ended 2011 we can take a look back at sold prices and homes and say that for home buying, there is less available on the Broomfield real estate market. Since residential inventory is still down for almost the entire second half of the year, this should be helping with sold homes prices, but the prices for sold transactions currently is at -4.4% less than a year ago. A slight drop, but the days on market is less because there is less inventory for home buyers to select from. In December, there were 206 active listings in Broomfield as compared to 260 homes on the market a year ago. This adds up to less time for home sellers to sell, less real estate for buyers to buy, and pricing generally is on the flat side and overall, not that much different from the data for sales in 2010. Rates are still great and total sales are at almost the same amount for Broomfield home sales closed and the respective sold prices.

Condos for sale in Broomfield finished a little weak for the year with the average sold price at $179,250 for 2011 versus $202,136 being the average sales price on condominium listings in 2010. Even with decreases in listed condos available, the number of condominium units sold for 2011 is up. Nearly twice as many condos sold in December than a year ago, with a third less homes available to be bought. Overall, condos appear to be a little more in demand in Broomfield than they were a year ago. And the supply is less!
      
November 2011:
The great news for Broomfield real estate is that sold prices compared to last year at this time currently are at an improved home for sale amount that is averaging 17.2 percent higher than a year ago. Recent sales prices on real estate in Broomfield averaged $358,028 in October 2011 in contrast to $305,454 last year at this time, and that is up from October and up from a year ago. Condos for sale in Broomfield are at an increase in sold price by 3.6% in comparison to prices in 2010. Listings, both existing and NEW are down from last year. There are less homes on the market in Broomfield than last year at this time, and this would atribute to higher sold prices for real estate in the Broomfield area.


October 2011
: All recent figures are down, both good and bad for the data compiled on Denver Metrolist for October 2011. The amount of homes for sale on the market in Broomfield County is down -10.4% from last year at this time and the number of new listings is down -37.3% from October 2010. Prices are down -3.7% for residential single family homes and down only -0.8% for condominiums in Broomfield County. The days on market is down for homes, 92 currently, as compared to 129 days a year ago on residential housing, showing that inventory is down, days on market is down. So are prices ready to increase? Possibly, as you can see looking at the prices that are presently holding up for the condo market in Broomfield.


September 2011: The days on market for Broomfield homes for sale is nearly the same as 2010, currently 93 days as compared to 91 days a year ago to sell a Broomfield home. The amount of homes on the market in Broomfield County is currently  below last year's inventory with 267 homes listed for sale as compared with a year ago, the number of homes for sale being at 321.

Condominums for sale in Broomfield for days on market has shot way up compared to last year, the average currently at 201 days on market before being sold as compared to 74 days for condos in 2010. The number of condos listed for sale is much less then a year ago. In September 2010 the amount of condos for sale was at 72 versus only 54 condos for sale in September 2011.

Sold prices are up 9.8% compared to last year at this time for residential housing, and down 9.7% for condo sold prices.

Understanding Our Current Market in the City and County of Broomfield

The absorption rate is a measurement used by real estate agents to determine the market sales activity for local home sales. For Broomfield Colorado, the absorption rate is the amount of time it takes to sell a home in those neighborhoods. For instance, if you have a neighborhood with 100 homes listed for sale and the sales history is at 200 sold homes per year, then there is a rate of 0.5, or 50 percent. This translates into 6 months of inventory before your home is sold.

The Broomfield real estate market is in a transitional or balanced market status currently, and we are seeing a decrease in sold homes compared to last year when the first time home buyer tax credit was winding down at this same time. Along with that, we now have less listed homes on the market than last year. These two things kind of even out, making the market not all that different from 2010. So the market is transitional in recovering from the change of last year, yet in some areas of Broomfield it is neither a buyer's or a seller's market.

Keep in mind that, although understanding absorption rate helps to establish the market condition, whether it is a buyer's market, a balanced/transitional market, or a seller's market, there are other factors that determine the listed price of homes for sale. Specific property features, the condition of the property, and of course, price and location, will determine the how quickly a home in Broomfield will sell more so than a statistical formula like absorption rate.


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Feel free to call us 303-250-4735 at anytime if you have a question or you need advice on selling a home in Broomfield Colorado. Contact us and we will gather your information on your home and provide you with a free Comparable Market Analysis specific to your home with no obligation and further, we can figure your absorption rate and help you establish a fair market value for your home. We would love to discuss with you how we can help you with marketing your home and getting it sold!

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