The Market Signals a Downturn [The Wayback Machine]

|August 12, 2015|Boulder|

by Osman Parvez
—-

Here’s one from the wayback machine: Fresh on the Market.   


Back in the early spring of 2007, the Boulder real estate market signaled the beginning of a downturn. Too bad wishful thinking and happy talk can’t beat Mr. Market.  


One key indicator was the spike in refreshed, withdrawn, and expired listings. The analysis (Read: Fresh on the Market) looked at changes in sales activity for the same period (November to January) for three consecutive years. On the surface, sales volume was the same. Lurking beneath that data? A telltale indicator of a market about to spiral downward.



Little did we know that this was the beginning of a 3 year down period for Boulder real estate and a huge opportunity for buyers. Hindsight is always 20/20.


The takeaway points remain the same. Carefully research the history of the property before writing an offer. A track record of poor performance during strong market cycles (2002-2006) is a red flag. It’s possible that (a) the listing agent did a poor job but it might also be that (b) you’re about to buy a lemon. A savvy buyer’s agent can help you tell the difference.


Note: The summer season is wrapping up. During the 3rd and 4th quarter, we are focused on bringing back the full research archive dating back to 2005. This involves careful editing to remove references to my previous company.   



—-

Like this analysis?    Subscribe to our client research report.     
Want to get blog updates via email?  Click HERE.       
Ready to buy or sell?  Schedule an appointment or call 303.746.6896. 
You can also like our Facebook page or follow us on Twitter.

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. 

Welcome to House Einstein

Locations, Due Diligence, Negotiation

Testimonials

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.

Share This Listing!

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.

Facebook | Twitter | Instagram | YouTube

Work with

House Einstein

Thinking about buying or selling and want professional advice?
Call us at 303.746.6896

Your referrals are deeply appreciated.

Like this content? Want more fresh listings? Subscribe to our newsletter!

This field is for validation purposes and should be left unchanged.