Foreclosures were off 30 percent in a county not known for its REOs. There have always been foreclosures here and they did worsen in recent years, but not nearly to the extent that they have in other cities and counties.
Boulder has a slow growth policy that allows for only so many building permits to be issued every year. Neighboring Louisville has the same kind of policy. This means that the even in great times for real estate, about the same number of homes are built. If you track local news here, then you also appreciate that the county has been buying land for open space for years. Some developable land is also kept dormant.
What it means is a relative scarcity of inventory versus other communities. The jobs that attract professionals and non-professionals to Boulder, Louisville and even Broomfield are generating housing in outlying areas. Lafayette and Erie are in the immediate path. If you drive out Colorado 7 from Boulder, there is plenty of newer housing in evidence. There already are rumblings of a major development in Erie.
Longmont, which has had good job growth of its own, has a particularly active real estate market that has not seen an over abundance of short sales and foreclosures. Boulder County home prices have been fairly steady, but not strong enough to attract sellers who may need to see more appreciation before they contemplate a move. Foreclosures are not the large percentage of sales that are seen elsewhere in the state and nation.
If you need help finding foreclosures, you should contact a real estate agent who has access to all listings. There are also auction companies that have had sales here. They're not that common.
Call me, if you would like to talk about what is available.
Best to you,
720 810 0683