480 Lipan Way [Notable Sale]
480 Lipan Way | $1.32MWhy is it Notable?Besides the fact that we helped our clients find this home, this one checked all the right boxes: it’s in a quiet, family-friendly neighborhood with spacious lots. It’s close to all the things people love about Boulder, and few of the things they don’t. Most importantly, it was near our clients' grandchildren. 480 Lipan is a generously sized, ranch-style home, owned by one family for many decades. The adult children of the last owners nicely updated it in preparation for sale, which our clients deeply appreciated. It sold for a 5% discount to the last asking price on September 3rd. Due [...]
855 13th Street [Notable Sale]
855 13th Street | $1.57MWhy is it Notable?It was only a couple of months ago that we told you to check out the Thornton House (in our Fresh Listings Newsletter, subscribe below). This style of home is exceptionally rare, and for some reason, the seller placed it back on market after less than a year of ownership. Why You Should See It Built in the Modernistic or Art Moderne style, it is defined by asymmetrical composition, with horizontal and smooth surfaces, casement windows, a flat hood, and flat garage roof. It was also built by locally renowned architect Glen Wood Huntington whose son later designed the Boulder Bandshell, [...]
1489 Sunset Boulevard [Notable Sale]
1489 Sunset Blvd | $7M Why is it Notable?A plus-size luxury home, on a 1.3 acre lot located on the northwest corner of Sunset Hill. It's nestled in an enclave of other exclusive, high-end homes, with stellar views and a short stroll to downtown restaurants and shops. The home was constructed in 2001. It features a whopping seven bedrooms, seven baths, exceptional finishes, indoor and outdoor entertaining areas, and of course - the uber-premium location. As typical for high-end property, it took a while to find the right buyer. First listed in May of 2019, the home was on the market for nearly a year before it [...]
Client Tour | 1031 Portland Place #2
In Boulder, attractive listings often go very quickly. We produce videos, like the one below, for our buyers when they are unavailable for a showing. If our clients decide to pass on the home, we may share these videos publicly once the property has sold (or been withdrawn) from the market. 1031 Portland Place was acquired in February 2018 for $481,000 ($41,000 over asking). The owner listed it for sale in September 2019 for $539,000. After two price reductions and almost seven months on market, the home was withdrawn from the market. While it was available, we toured it on behalf [...]
Nobody Has a Crystal Ball [Analyze This]
The summer season is wrapping up. At the moment, the team at House Einstein is actively engaged in multiple real estate deals and focused on helping our clients successfully navigate the process to buy and sell property. With that said, this is traditionally the time of year when peak market activity wraps up and we can begin to devote a bit more time to analysis. As we've been riding a wave of market activity, I've been wondering about what lies ahead. Record low mortgage rates, an artificially delayed seasonal market (due to Covid), and ultra low inventory for detached single family [...]
Boulder’s Post Covid Real Estate World [Analyze This]
How's the Boulder real estate market and what does the future hold, post Covid? Let's talk about it. Boulder Market Update The shaded area in the chart above represents the 3 year average, per month. The yellow line is the most current data. The error bars represent 1 standard deviation. 169 new single family houses hit the market last month, in the City of Boulder - 26.1% above average and 23.4% higher, year over year. This is somewhat surprising after a fairly routine May and June performance. Despite the influx of new listings, total inventory is trending downward. Last month, [...]
Boulder Condo Sales SPIKE, Inventory STILL High [Analyze This]
The shaded area in the chart above represents the 3 year average, per month. The yellow line is the most current data. The error bars represent 1 standard deviation. After the Covid lock down lifted, new listings spiked in May and the usual peak in new listings was pushed back by a month. Last month, new listings were nearly 24.9% above the 3 year average but down 4.3 % year over year. Total inventory of town homes and condos in Boulder has been elevated for some time. In certain price ranges and locations, there is very little market activity. Meanwhile, [...]
Boulder and Denver Realtor Talk | Episode 1
A video discussion of real estate conditions in Boulder and Denver, brought to you by House Einstein. In this debut episode, we discuss the following: 1. The flight from urban areas in Denver to lower density neighborhoods on the Front Range. 2. Why the market ignores some listings. 3. The impact of trust on real estate deals. 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 [...]
How’s the Boulder Real Estate Market, Osman? [Analyze This]
The Boulder real estate market continues to rebound from the Covid-19 lock downs of two months ago. At House Einstein, we've been working with a record number of buyers and sellers. We appreciate your patience as new content has slowed. We're not apologizing. Clients come first. Our advice to our buyers and sellers is based on a detailed analysis of up to date real estate market conditions, similar to what you'll see below, but for their specific property, right down to the street level. Remember: intelligent real estate decisions are based on deep market knowledge. There are no short-cuts. Let's [...]
Secret Room? [Client Tour | 2935 13th Street]
Earlier this year, we did a remote tour for our clients of 2935 13th Street. Located in the Washington Village Cohousing Community. This home is a luxury three bedroom, four bath with about 3,500 F. SQFT. As the video below shows, the home had a number of unique and interesting features, including an unusual secret room. Originally listed at $1.75M, 2935 13th Street was available for about three weeks and sold for $1.71M in April. Note: we produce remote video tours for clients who can't attend showings in person, due to schedule or traveling distance, and are afraid of missing an opportunity. [...]
Bidding War Breakdown [Analyze This]
Phew! The second quarter started like a lamb and ended like a lion. Did every listing get a bidding war? No. Not even close. Check out the video below for a detailed analysis of sales activity in Boulder during and after the Covid lockdown, including a close look at the premiums buyers paid during the quarter. 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 [...]
Boulder vs. Denver Condo Market [Analyze This]
How have the Boulder and Denver condo markets been responding to the Covid epidemic? About as you'd expect. Note: If you've been tracking our socials (FB, Twitter, Instagram), you've seen the following charts. The graph above shows inventory for condos and town homes in Boulder. The yellow line is the most recent data, for the last twelve months (LTM). The blue shaded area is the average for the preceding three years, per month. As you can see, inventory in Boulder has been above average for the entirety of the past twelve months. Now let's look at Denver. Like Boulder, inventory [...]
Are Boulder Sellers Capitulating? Guess Again. [Analyze This]
The Boulder real estate market has been doing some very interesting things. On one end of the market, bidding wars are breaking out for homes. Anecdotally, we're even seeing buyers from Denver jumping into these bidding wars as they seek to escape lock downs in dense cities like Louisville. On the other end of the market, there is a growing pile-up of luxury homes that are sitting without takers. The chart above is a snapshot of the market on May 26, 2020. It shows inventory under contract, by price range, for single family homes in Boulder (excluding Gunbarrel). Notice how [...]
Buyers, Start Your Engines
And... we're back. Governor Polis's Safer at Home order will once again allow in-person real estate showings in Colorado, effective May 1st. We anticipate a flood of new listings to hit the Boulder real estate market between now and next week. Accordingly, 4894 Curie Court is back on the market. For buyers seeking house-like functionality, a great location, and lock and leave lifestyle - it's a great choice. House Einstein's showing protocol: 1. Showings require approval by the listing agent. No automatic approvals. No "go and show." 2. Only prospective buyers who are ready, willing, and able will be approved. [...]
What, Me Worry? [Boulder Fresh Listings]
Believe it or not, new listings are still coming on the market in Boulder. Who are these intrepid buyers and sellers? The game changes and we're changing with it. Almost 80 listings hit the market in Boulder County last week, some of which are refreshed listings. 13 of these listings are already under contract. Let's take a look at the best ones. Sign up for the content HERE 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 [...]
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