by Osman Parvez
—-

—-

So your Realtor say the market only goes up in Boulder? Guess again. 


At the most basic level, price is always a function of supply and demand. There is no escape from this law. Market strength depends on price range, location, property type, depth of market, and many other characteristics. As we approach the end of a real estate cycle, smart buyers focus on properties that are more likely to hold their value and sellers dump assets that are at risk of a price correction.  


Take a look at the chart below.  It shows percentage of inventory under contract in Boulder in mid February, segmented into price tranches. Demand is much higher for houses in the $500,000 to $700,000 range compared to higher price points. Meanwhile, only a small fraction of the high-end is under contract.  Does that tell you something?  It should. 


Remember:  If your Realtor waves their hands around and says the market at the high-end is filled with bidding wars and you’ve got to move fast, remember this chart.  And next time, choose a better Realtor.

Note:   Data for the chart above was compiled from both MLS systems that cover Boulder. Duplicated were carefully removed. Data is also for the mailing address City of Boulder, not conflicting MLS definitions, which includes parts of unincorporated Boulder County, among others.  


Intelligent real estate decisions are based on deep market knowledge.  There is no substitute.

—-