Choose Your Adventure [Boulder Fresh Listings]
The final push into the Boulder summer real estate market is about to kick off. This is peak season, people. Inventory will soon crescendo and buyers will become even more aggressive to lock down rare and desirable properties.
For the next 4-6 weeks, at least.
Yes, the market is also cooling so cautious and prudent target selection remains critical. For high-demand properties, just don’t expect to be the only interested buyer. The key is knowing which ones are worth the bidding war and which ones you can safely let go.
Just this morning, I helped potential buyers understand that the property for which they were ready to submit an offer wasn’t as rare as they first thought. When I showed them the data on past sales, it gave them pause – rightfully so. Rather than seeing only a handful of homes that matched their search criteria, we found dozens that closed in the past year. I also showed them how agents often miscode the MLS, leaving out key features that were a big part of their search – secondary garages and detached workshops. I’m glad they decided to wait.
Remember: intelligent real estate decisions are based on a deep understanding of the market. There is no substitute.
Note: Sales of note is moving to its own post, beginning next week.
For private showings and discussion of market conditions, valuation, and negotiation strategy, call Osman at 303.746.6896. My goal is to help you make a smarter real estate decision.
Fresh Listings
3262 W Yarrow Cir | $554K | Pics and Details
A family friendly five bedroom, three bath, two-story home with a classic layout: four bedrooms are on the upper level, one one the main. Kitchen and baths are updated. It’s also steps from paths into gorgeous open space. The HOA includes tennis courts and pool. The basement also offers potential for additional bedrooms, baths, or plenty of storage. It also has a walkout entrance.
Full disclosure: This is our listing. It’s exceptionally well maintained and turn-key for the next owner. I also obsessed over the comps to price it right. Don’t expect it to last long.
4620 15th St D | $615K | Pics and Details
This little pocket of town homes in North Boulder has always struck me as a great alternative to an entry-level single family house – much newer than most of Boulder’s housing stock and with far less deferred maintenance. Plus, depending on what the HOA covers, little exterior maintenance. It’s also steps from great restaurants and shops like Boulder Cycle Sport, Amante, Spruce Confections, 4580 and and Bacco. Plus, open space is nearby including Wonderland Lake and Boulder Valley Ranch.
This particular unit has three bedrooms, three baths, and a classic layout. One possible downside is no garage, so check for adequate storage.
Due diligence: covenants limit the number of possible rentals in this complex, which can have some implications if your investment thesis includes turning it into an income property in the future.
Due diligence: Our usual pre-war house checklist (foundation, wiring, furnace, environmental, plumbing systems).
Due diligence: Same as 627 Gay Street.
Due diligence: Oh, the joys and challenges of living in the downtown + Boulder Creek area. If your agent waves their hands and glosses over this factor, get a better agent.
Due diligence: Last on the market four years ago when it sold for $2.2MM. It’s only 9 years old, and given the current wait for a quality contractor, this is a worthy comparison for a new-build or addition/renovation project.
Due diligence: Keep a close watch on proposed changes at the lake. It’s a hot issue.
Additional reading: “Boulder officials say changes at Wonderland Lake not a sure thing” and “James W. Leach: I owned Wonderland Lake and gave it to city as a nature preserve.”
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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.
Cover image: Jon Tyson
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Testimonials
Osman was a refreshingly honest realtor. He stressed through the entire process that his goal was to make me happy with my home purchase. I greatly appreciated the fact that he never shied away from pointing out the negatives as well as the pluses of different places while leaving the final decision up to me.
We can highly recommend Sophie. Her attention to detail and communication skills are great. Our home was in area that most realtors are not familiar with, but Sophie took extra time to get to know the neighborhood in order to give us quality service. She also brought in a professional photographer to make our home look its best. Even though the listing was in winter, the house sold quickly. With Sophie’s business and people skills, we have no doubt she will be a top realtor in the area.
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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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