Boulder Real Estate’s High End Sales Distribution [Analyze This]
by Osman Parvez
If you’re planning to acquire property at the higher end of Boulder’s real estate market, caution is warranted. This market is getting very bubbly and certain locations have little history of supporting higher valuations. When the market turns (believe me, it will), the weakest locations are likely to see steep declines. This is what happened during the last real estate cycle.
I regularly provide advice to higher end buyers in Boulder. Asset value preservation tops the list of their concerns. Suitability, their family’s needs follows closely. Speculative potential is usually last. If you want to make a smarter real estate decision, my advice is to focus on proven locations.
What are proven locations for higher-end real estate in Boulder?
The map below is a starting point for the analysis. It shows a distribution of $1MM+ sales in Boulder over the past two years. Certain pockets of Table Mesa, Newlands, North Boulder, Chautauqua, Rosehill and upper University Hill have had a higher density of transactions. To minimize risk look to depth of market and liquidity. They’re your friends. These are your neighborhoods. It’s well known that Mapleton Hill also holds its value, of course, but availability is an issue. Locations east of Folsom should be avoided.
If you wish to have in-depth advise on property selection, negotiation, and due diligence – call me. ph: 303.746.6896 or schedule an appointment by by clicking HERE.
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| Purple is 2014, red represents 2013. |
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The Boulder Real Estate Meetup is scheduled for January 22. Our topic: Best Practices for Bidding Wars. Join Us! Click HERE.
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As always, your referrals are deeply appreciated.
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
Boulder Real Estate’s High End Sales Distribution [Analyze This]
by Osman Parvez
If you’re planning to acquire property at the higher end of Boulder’s real estate market, caution is warranted. This market is getting very bubbly and certain locations have little history of supporting higher valuations. When the market turns (believe me, it will), the weakest locations are likely to see steep declines. This is what happened during the last real estate cycle.
I regularly provide advice to higher end buyers in Boulder. Asset value preservation tops the list of their concerns. Suitability, their family’s needs follows closely. Speculative potential is usually last. If you want to make a smarter real estate decision, my advice is to focus on proven locations.
What are proven locations for higher-end real estate in Boulder?
The map below is a starting point for the analysis. It shows a distribution of $1MM+ sales in Boulder over the past two years. Certain pockets of Table Mesa, Newlands, North Boulder, Chautauqua, Rosehill and upper University Hill have had a higher density of transactions. To minimize risk look to depth of market and liquidity. They’re your friends. These are your neighborhoods. It’s well known that Mapleton Hill also holds its value, of course, but availability is an issue. Locations east of Folsom should be avoided.
If you wish to have in-depth advise on property selection, negotiation, and due diligence – call me. ph: 303.746.6896 or schedule an appointment by by clicking HERE.
|
| Purple is 2014, red represents 2013. |
————-
The Boulder Real Estate Meetup is scheduled for January 22. Our topic: Best Practices for Bidding Wars. Join Us! Click HERE.
—
As always, your referrals are deeply appreciated.
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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