Boulder Area Market Update Report – November 2018
Commercial Real Estate sales volume of $708M with 134 transactions YTD in 2018 is down 14.1% compared to sales January-October 2017 with 205 transactions worth $824M. Residential Real Estate sales for $587M YTD in 2018 are up 6.6% compared to sales January-October 2017 of $551M. Sales Taxes are up 3.3% YTD compared to taxes collected January-October 2017.
BOULDER MARKET UPDATE
Item
2017 YTD
2018 YTD
% +/-
——————————————————————————————————————————————————————————————————
Item:
2017 YTD:
2018 YTD:
% +/-:
VELOCITY
Commercial Transactions
205
134
-34.6%
Item:
2017 YTD:
2018 YTD:
% +/-:
Volume
$2,626,307,800
$708,603,082
Item:
2017 YTD:
2018 YTD:
% +/-:
Adjustments (Longmont & Google)
($1,801,344,000) $824,963,800
$708,603,082
-14.1%
SALES TAX INDICATORS (through August 2018):
Item:
2017 YTD:
2018 YTD:
% +/-:
Sales Tax
$65,573,246
$67,762,701
3.3%
Item:
2017 YTD:
2018 YTD:
% +/-:
Weedtail (additional 3.5%)
$1,064,422
$1,175,021
10.4%
Item:
2017 YTD:
2018 YTD:
% +/-:
Business Use Tax
$6,241,073
$7,515,615
20.4%
Item:
2017 YTD:
2018 YTD:
% +/-:
Construction Use Tax
$6,005,917
$8,940,147
48.9%
Item:
2017 YTD:
2018 YTD:
% +/-:
Motor Vehicle Use Tax
$2,917,890
$3,076,254
5.4%
Item:
2017 YTD:
2018 YTD:
% +/-:
All Sales Tax
$81,802,548
$88,469,738
8.2%
RESIDENTIAL REAL ESTATE (SINGLE FAMILY DETACHED)
Item:
2017 YTD:
2018 YTD:
% +/-:
Listings Sold
508
477
-6.1%
Item:
2017 YTD:
2018 YTD:
% +/-:
Average Days on Market
61
57
-6.6%
Item:
2017 YTD:
2018 YTD:
% +/-:
$ Volume
$551,710,465
$587,939,379
6.6%
