What Happened to New Listings Last Month? [Video]
Is the market dead? Far from it. It's not even mostly dead. Surprise! Activity at the lower end of the market remained robust during the past two weeks. Here's the analysis... 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 [...]
Abnormal Markets, Home Energy-Efficiency, and Suspended Foreclosures [Weekend Reading]
Since we're all stuck indoors, keep your mind active and informed with these articles: 1. Coronavirus will radically alter the U.S. “Pandemics aren’t just physical. They bring with them an almost shadow pandemic of psychological and societal injuries as well.” 2. We’re not going back to normal "To stop coronavirus we will need to radically change almost everything we do: how we work, exercise, socialize, shop, manage our health, educate our kids, take care of family members." 3. Ask the Architect: Top 10 Home Energy-Efficiency Upgrades What can you do to minimize your energy bill? 4. Fannie Mae, Freddie Mac, HUD suspending all foreclosures [...]
Boulder Start-Ups, Rogers Farm, Coronavirus Mortgages, and Balfour Senior Living [Weekend Reading]
It's hard sifting through all of the noise, especially with the spring season upon us. We've narrowed down a few quick reads to help you make a smarter real estate decision: 1. Four Reasons Why Boulder is the New Innovation Hub What do you think attracts start-ups to Boulder? 2. New Model Grand Opening at Rogers Farm in Superior, Colorado "Low-maintenance, energy-efficient homes are for all ages – millennials, retirees and families with children." 3. Coronavirus and Mortgage Rates… To Lock or Not? That is the Question! "To lock or not to lock, that is the buyer’s choice. However, buyers need to understand [...]
Google Presence, Empty Storefronts, Mortgage Rates, and Benchmark Bond [Weekend Reading]
Check out our handpicked weekend reads. 1. Google could double Colorado workforce, expand Boulder presence "In addition to these investments in infrastructure and jobs, we’ll also continue our work nationally with local startups, entrepreneurs and small business owners to help Americans access new digital opportunities.” 2. San Francisco Voting Whether to Tax Landlords for Empty Storefronts Coming to Boulder in 3, 2, 1... 3. Mortgage Rates Hit Record Low, but Coronavirus May Deter Buyers "A decline in mortgage rates typically boosts home sales. But a worsening coronavirus epidemic and the efforts to contain it—quarantines, business shutdowns and travel restrictions—could keep would-be home buyers [...]
Boulder Pending Sales SPIKE [Market Update]
A video update for the latest market conditions and historic absorption rate for Boulder real estate. For more detail, read The Best Time to Sell Your House. 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, [...]
Farm Fantasies, Fairy Tales, and Bidding Wars [Boulder Fresh Listings]
Growing up in upstate New York, in a rural home with 40+ acres, I have a fondness for wide open spaces and the rough honesty of country living. The allure of acreage is strong but here in the west, soil and climate offer unique challenges. That doesn't stop buyers from coveting the the mountain homes, ranches, and farms that dot the landscape around Boulder. Many well heeled owners have invested in building dream homes in these places, but not every home is what it seems. This week, we highlight nine new listings that have just come on market in Boulder. [...]
Home Runs and Hobby Farms [Boulder Notable Sales]
As Babe Ruth once said, "Don't let the fear of striking out keep you from playing the game." So swing batter, swing because this week we cover five notable sales, including a highly profitable spec home built on the bones of a basic ranch and a hobby farm that tested the market (and failed). Buy your peanuts and cracker jacks, we're taking you out to the ball game! 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. Sold Listings of Note 1250 Albion [...]
Awesome Autumn Properties [Fresh Listings, Get ‘Em Hot]
Cooler, crispy weather is upon us and the market is beginning to slow as we enter into the 4th quarter. I'm taking over while Osman is away in the mountains, enjoying his wedding celebration! Over 80 listings hit the market in Boulder County this week. As always, I removed those that were overpriced, refreshed on the MLS, and in poor locations. Below you'll find a mix of historic beauties and turn-key properties, with an option for every type of buyer. Eager to set foot into these lovely new listings? Give me a call and let's connect! Remember: Worth seeing does [...]
Market Update: Impending Doom or a Soft Landing? [Analyze This]
--- by Osman Parvez As grandma used to say, an Insta tells a thousand words (follow us!). ---- 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 [...]
Cohousing – What Is It and How Does It Impact You?
by Sophie Kloor ---- I was born right outside Boulder. Most people don’t know that I was raised in an unconventional way. I grew up at Nyland Cohousing Community in Lafayette, Colorado. The majority of buyers and sellers alike have little to no idea about Cohousing, and how it can impact real estate options. What is Cohousing? Cohousing revolves around the concept of intentional community. Owners and renters live private lives in homes or apartments, while they simultaneously share common spaces such as open space, playgrounds, community gardens, sports areas, woodshops and more. These shared spaces traditionally include a “common [...]
Chautauqua Estates, Ranches in Open Space, and Bargains in Niwot [Get ‘Em Hot]
A holiday week is not usually the best time to list your property, but a few motivated Boulder sellers brought their homes to market anyway. Put down that turkey sandwich, it's time to snack on some real estate. As usual, we've included a handful of notable sales to keep you up to speed on market conditions. Are you ready? Let's dig in. Remember: Just because we think a property is worth seeing doesn't mean it's worth buying. To schedule a private showing, which includes a frank discussion of valuation, negotiation strategy, and market conditions, call Osman at 303.746.6896. Sold Listings of Note [...]
Boulder House Inventory UP 20%, Condos DOWN 33% [Analyze This]
by Osman Parvez ---- Time for a quick market update. Here's our latest inventory analysis for Boulder real estate markets compared to last year. Total inventory of attached dwellings (AD) in the City of Boulder is 33% lower. Boulder and Superior are both showing substantially higher inventory, while percentage under contract is mixed. As Boulder County's largest real estate market, Longmont is the big story. It's a bastion of affordability and an important barometer of market conditions. In Longmont, inventory is 7% below last year while the percentage under contract has climbed markedly. Data for smaller markets like Louisville [...]
Inventory Flood Kicks Off 2016 [Fresh Listings, Get ‘Em HOT]
You wanted more houses available for sale? Here it comes. After months of declining inventory, we’re finally starting to see a higher volume of fresh listings. This week... New Listings: 52 Under Contract: 5 Refreshed: 9 Overpriced: 5 Bad Location or Otherwise Undesirable: 10 Spec: 1 Worth Seeing: 22 To schedule a private showing, which includes a discussion of valuation and price trends, call Osman at 303.746.6896. Boulder 2036 Mesa Drive | $1,300,000 | More Details Last traded hands in 2013 for $938K. I love this location for its proximity to downtown Boulder but if you’re considering writing an offer, [...]
Development Map Update | Food Truck Parks and Contentious Affordable Housing
by Osman Parvez ---- I woke up early expecting to shovel this morning. Sadly, there was no white stuff on the ground. Here's a Development Map update instead. Added 11/17/15 BHP's new affordable housing development - at 4525 Palo Parkway (44 tri-plexes, townhouses and apartment units in nine buildings. Units will consist of 13 one-bedroom units, 14 two-bedroom units and 17 three-bedroom units). Tempers are boiling over and there are LOTS of negative comments from the neighbors on this project. Expect the planning board meeting on 11/19 to be contentious. Read the public comments in the 600+ page board packet. The [...]
Is This Boulder’s Future?
by Osman Parvez ---- A client sent me this video about what's happening in the San Francisco Bay Area housing market. It's an eye opener. Is this Boulder's future? Let's hope not. Million Dollar Shack: Trapped in Silicon Valley's Housing Bubble ---- 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 [...]
