November and December | Anything Goes?

Osman Parvez|November 2, 2020|Boulder|

Welcome to November in Boulder real estate.

The last two months of the year are typically slow . If you’re shopping for a home, on average, you can expect slightly more than 50 new houses to hit the market this month and about half that in December (pink circle).

The condo and town home market follows the same pattern (chart above), however note the elevated level of new listings hitting the market on the right side of the chart. As discussed in our recent analysis of market conditions, it looks like this influx of attached dwelling inventory might be a short-term opportunity for buyers. So far, it’s resulted in better selection but not a wholesale drop in pricing.

If you’re thinking that condos and townhomes are likely to see a sustained downturn, my crystal ball says it’s not likely. As long as education remains a top priority for Americans, Boulder’s market should do better than most.

Read: CU Boulder Marks Record Number of Applications.

Then again, this is 2020. With a possible 12 more months of Covid chaos ahead, and who knows what’s about to happen in tomorrow’s historic election…. it’s best to remember Cole Porter.

Osman Parvez is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.

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. For more information, click HERE.

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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. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.

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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.

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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November and December | Anything Goes?

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Osman Parvez