December 21, 2007

Key indicators include housing market, mergers

By

The Boulder Valley did not escape a nationwide housing downturn in 2007.

 New home sales fell 29.1 percent to 500 transactions year-to-date through October. Existing home sales fared better, falling 2.7 percent to 5,885 transactions. Residential appreciation rates were mixed by city, but averaged out to about 3 percent from a year ago.

Local experts see a recovery or no change for 2008.

“I think 2008 will be a more active year than 2007,´ said Sarah Larrabee with Goodacre & Co. in Boulder. “What I’ve seen is that the number of listings is way down, which reflects that not everyone is willing to…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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