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 [...]
Client Preview: 1003 9th Street [Video]
--- by Osman Parvez A potential client recently contacted me to ask about 1003 9th Street, a listing we featured about a week ago. I went ahead and created a video preview for them (below), a service we offer buyers who are relocating from other markets or otherwise can't easily be on the ground to see the property. It's not likely a great fit for this client, so I'm going to go ahead and share the video with you. In short, 1003 9th Street is a very attractive house given its generous size, elegant historical design and significance, plus a [...]
Summertime, And The Livin’ Is Easy [Fresh Listings, Get ‘Em Hot]
While the official start to summer is still a few weeks away, in Boulder real estate, it’s already here. The market is in full swing and you simply can’t see every new listing - over 100 new homes this week alone. Time is precious and the most desirable listings are usually under contract within a few days. What’s worth seeing? The following are the best listings to hit the market in the Boulder area. Before we begin, let's start with a discussion of select recent sales to help educate you on market conditions. Remember: Worth seeing doesn't mean worth [...]
Lower Chautauqua or Newlands? Tough Choice [Fresh Listings, Get ‘Em Hot]
By Osman Parvez ------- Where would you rather live? Lower Chautauqua or Newlands? Pine Brook or Devil's Thumb? Martin Acres, Majestic Heights, or Lower Table Mesa? I've sold homes in every neighborhood in Boulder. Twelve years ago, when inventory was high, my buyers could be very selective. Today, the optimal house shopping strategy is opportunistic. My buyers have found success by being open to possibilities in all Boulder neighborhoods, understanding key differences between locations, and considering each opportunity, as it arises. Ready to write your offer? Good. Now let's get ready for a bidding war. Just remember on thing: Because [...]
Flip or Flop? You Decide [Fresh Listings, Get ‘Em Hot]
By Osman Parvez ------- It's that time of year. The kids have graduated, flowers are blooming, and house flips are hitting the market. Should you consider buying one? Flippers are driven to maximize profit, which often translates to speed and cutting costs. The longer it takes to complete the project, the higher the carrying cost and the more likely the house will miss the peak selling season. That creates incentives for fast work and cutting corners, but not every house flipper is a hack. We've worked with some who are true professionals with the resources and the expertise to do [...]
The Boulder Market Heats Up [Watch This]
- by Osman Parvez 45% of house sales in the City of Boulder sold for more than asking last month. Meanwhile, inventory of detached single family homes is currently down 22%, year over year. Buyers and sellers in this environment are under high pressure. Not having deep market knowledge on comparable sales, negotiation techniques, and deal norms can be costly. We've seen buyers grossly overpay for marginal property. We've also seen them not even get a seat at the bidding table. We've watched sellers of luxury homes leave hundreds of thousands on the table because they were given the wrong advice [...]
Historic Meets High-End [Fresh Listings, Get ‘Em Hot]
By Osman Parvez and Sophie Kloor ------- The summer real estate market is alive and well in Boulder! We've been busy helping clients as we guide them through the process of intelligently buying and selling properties. It's supposed to get a bit wet this weekend. Serious buyers won't allow rain to hold them back. In order to be competitive, you need to tour new listings within the 48 hours of them hitting the market. This week, we have an impressive and extensive mix of high-end beauties, both detached and attached, as well as a few entry-level homes and an Old Town [...]
April Market Stats [Analyze This]
April market stats for Boulder, published on our Instagram. Data is for detached and attached dwellings throughout Boulder (including unincorporated areas), on and off the MLS. $/SQFT is the median, not average cost. Rate of appreciation a touch lower, but still strong. Volume is a bit higher. ---- 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 [...]
Modern Marvels, Tri-Levels and More [Fresh Listings, Get ‘Em Hot]
By Osman Parvez ------- Over 150 listings hit the market this week. The summer Boulder real estate season has arrived! If you're serious about buying, it's important to focus your effort on the best properties. Attractive listings go quickly. As of this writing, 49.7% of inventory in Boulder is under contract. Priced right, marketed professionally, the best homes are often under contract after the first weekend. What's worth seeing? Each week, we sift through new listings and pull out the most compelling properties. We consider location, design, price, layout, updates, schools, and traffic/commute patterns. Most importantly, we rely on nearly [...]
The Nicest Word? [Fresh Listings, Get ‘Em Hot]
By Osman Parvez ------- A home isn't just the largest financial investment that most people make, it can also be enormously emotional. Home is where you sleep at night, where family grows, and where we meet our neighbors and become part of a community. It’s where we relax with our friends, break bread, and tell our life stories. It’s where we take refuge from the storm. “Home is the nicest word there is.” - Laura Ingalls Wilder Our business is about helping people make smart decisions around the buying and selling of homes. Each week, we carefully sift through new [...]
How Much Should You Pay? [Analyze This]
--- by Osman Parvez I posted this chart on our Insta this morning. After some discussion with Leah over breakfast, it was clear that more explanation was needed. So, let's talk about the data set. You're looking at residential house sales (no attached dwellings) in Boulder since January of this year. The data is only for Boulder proper. Gunbarrel and the Foothills are excluded. The data is also verified arms-length transactions on the MLS at all price ranges. I put together a similar analysis for a buyer earlier this week. My client level analysis was specific to their particular price range [...]
Does Location Matter Much? You Bet it Does. [Fresh Listings, Get ‘Em Hot]
Earlier this week, I walked to a meeting at one of my favorite breakfast spots - the South Side Walnut Cafe. The budding trees and spring sunshine reminded me of why location matters so much for long term real estate happiness. Retail, schools, parks, bike paths, and open space are core value drivers for real estate in Boulder. After breakfast, I swung by a nearby title company for a closing. Earlier in the month, one of our buyers had beat out several others in a bidding war for a house in Noble Park. This included a verified cash offer at [...]
Put On Your Raincoat, It’s House Hunting Time [Fresh Listings, Get ‘Em Hot]
We're due for a chilly and wet weekend in Boulder. This week, there are a variety of options for every type of buyer including an entry level condo in Prospect, unique single family homes and high-end stunners. Serious buyers know that even in bad weather conditions, you can never miss a weekend of fresh inventory in Boulder County. Put on your rain coats, warm layers and let's go see some houses! To schedule a private showing, which includes a discussion of market conditions, valuation, negotiation strategy, and due diligence, call Sophie at 303.875.3140. Sold Listings of Note 420 Pine St | [...]
A Mid-Century Gem, Mountain Properties and Modern Farmhouses [Fresh Listings, Get ‘Em Hot]
Over 100 listings hit the market this week. Only about a dozen are truly compelling, two of which are already under contract. What's worth seeing? Let's find out. Are you ready to schedule your showings? To schedule a private showing, which includes a discussion of market conditions, valuation, negotiation strategy, and due diligence, call Osman at 303.746.6896. Sold Listings of Note 807 Timber Ln | $3MM | More Details Beautiful 4 bed, 4 bath, almost 5,000 SQFT in Pine Brook Hills. 1.35 acres. Built in 2007, turn-key and modern. Excellent use of indoor/outdoor NanaWall transitions. Sold for asking after being [...]
Toughen Up, We Need the Moisture [Fresh Listings, Get ‘Em Hot]
Brrr... it's a wet and cold weekend ahead in Boulder. Maybe you're tempted to forget about showings and cuddle up with a good book? Well, as my dad would say - toughen up, kid. If you're cold, put on a sweater. Serious buyers don't let a little snow and rain stop them from seeing fresh listings. On a weekend like this, you might even get lucky and avoid a bidding war. We've sifted through all the new listings to hit our local market and culled the refreshed old inventory, bad locations, and otherwise less desirable properties from the list. The [...]
