Boulder Inventory Update [Analyze This]
Condos and townhomes are a bit of a different story. As of this writing, 40% of the market in the City of Boulder is under contract (pending or active/backup status). Intuitively, this makes sense as the median sale price is much, much lower than single family houses in Boulder and despite reduced purchasing power, there’s more demand at lower price points.
Inventory of townhomes and condos is low compared to recent years, but there are options at most price points in Boulder. The question, as always, is whether the available choices are actually worth an offer. The only way to understand the market fully is to schedule showings and evaluate homes in your price range. To better understand the market, we usually advocate doing so a few months before pulling the trigger.
Percentage under contract paints an interesting picture. There are a few options in the $800K to $1M price range, as of this writing. None are under contract. Drop below $800K and the market is quite active, with more than 50% under contract. The market starts to get distorted at the very entry level, due to the time constraints involved with the affordable housing process.
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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Thinking about buying or selling and want professional advice? Call us at 303.746.6896. 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. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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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 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.
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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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Thinking about buying or selling and want professional advice?
Call us at 303.746.6896
Your referrals are deeply appreciated.