The TOP Boulder Real Estate Sales of 2016 (Deal #6)
by Osman Parvez ---- Perfectly placed between Sanitas and Boulder downtown, this historic Craftsman style gem was comprehensively and tastefully updated. Why wait and build when you can have it all now? 2241 4th Street is the #6 top real estate sale of 2016. Note: this post is part of a series on the top real estate deals of 2016. #7 is HERE. 2241 4th Street Open timber framing against warm, exposed brick highlight the living areas of this beautiful home. On warm summer evenings, the new owner will want to open the garage door and invite dinner guests to [...]
The TOP Boulder Real Estate Sales of 2016 (Deal #7)
by Osman Parvez ---- Drive north on Broadway, just past Newlands, and the street will begin to climb. Look to either side, and you'll see a half-dozen or so spectacular homes with glass windows framing the view. Have you ever wondered what it looks like from up there? 1225 Meadow Place is the #7 top real estate deal of 2016. --- note: This article is part of a series highlighting the top real estate transactions of 2016. Here are #8, #9, and #10. --- 1225 Meadow Place 5 luxurious bedrooms (each with ensuite bath), a library with dramatic, dark stained bookcases [...]
The TOP Boulder Real Estate Sales of 2016 (Deal #8)
by Osman Parvez ---- Most buyers love the modern trophy home in the back. Now focus your eyes on the historic house in front. It's become a mudroom and represents an end-run around Boulder's historic preservation codes, a text-book example of the limits of our excessive rule-based regulatory environment. Sources tell me that staff actually drive new employees past it to discuss how the rules don't work. A home this unusual takes a very unique buyer. After many months on market, 517 5th Street finally sold. It's the #8 top real estate deal of 2016. -- Note: This post is [...]
The TOP Boulder Real Estate Sales of 2016 (Deal #9)
by Osman Parvez ---- Originally a 1920's historic Boulder home, the property exchanged hands several times during the past few years before a developer acquired it in 2014. Despite the pre-war historic status, it was completely scraped and rebuilt as a modern house with 2.5x the original square footage. 441 Arapahoe is the #9 top real estate deal of 2016. 441 Arapahoe Ave 6 bedrooms, 6 bathrooms on two levels on about 5,000 beautifully finished square feet. The value comes the contemporary turn-key design, large south facing lot, proximity to downtown, backing to Boulder Creek, and likely protected views [...]
The TOP Boulder Real Estate Sales of 2016
by Osman Parvez ----Ready for some real estate eye candy? There were nearly 5,000 sales in Boulder County last year. By all accounts, it was a strong year - especially for the very high-end of the market. Join me on a journey. Let's take a peek through the looking glass. Boulder sales by the numbers: 440 were over $1MM 78 exceeded $2MM Just 19 sales were in the lofty $3MM+ category Here are the top 10 high-end sales of the year, the most luxurious residential real estate that traded hands in Boulder during 2016 - plus the usual [...]
T’is the Season for a New Home? [Fresh Listings, Get ‘Em Hot]
Ready to cuddle up with that special someone next to the roaring fire? Before you get too deep into the eggnog, let's take a look at recent notable sales and fresh listings to hit the market this weekend. Maybe you'll find a new home in your stocking. As usual, I've sifted through the most recent listings in Boulder and surrounding areas to bring you property worth considering. I've also included a discussion of notable sales to help educate you on market conditions. Remember: Intelligent real estate investments are based on deep market knowledge. As for me, I'm heading into the mountains [...]
Fresh Baked Cookies and Other Hidden Investment Returns in Boulder
by Osman Parvez ---- A couple of weeks ago, Leah and I bought another house in Boulder. In the long-run, it should be a well-timed execution of an investment thesis, but we don't have to wait for the long run. We're already discovering hidden returns. The Investment Thesis It's no surprise. Houses in Martin Acres are in high demand: The ranch-style works well for a variety of tenants and buyers: Young professionals appreciate the easy commuting to downtown Boulder, to job centers along US 36, and into Denver. Older folks looking to downsize love the main floor bedrooms and easy walkability. [...]
To Scrape, or Not to Scrape. That is the Question
by Osman Parvez ---- The Grape Street Curse Strikes Again Earlier this week, I dropped everything and sprinted to see a new listing for one of my relocation buyers. My client is looking for a property that will be a good project to renovate. Adding square footage is expected. They're on the prowl for a home with so called good bones (with or without a basement) in North Boulder. This particular property in north central Boulder checked a lot of boxes: - Larger than typical lot, allowing more flexibility for expansion - South facing (better for passive and active [...]
Views, Lock and Leave Boulder Eye Candy [Fresh Listings, Get ‘Em Hot]
And we're back! If you’re shopping for real estate in Boulder, here’s what’s worth seeing. Remember: To schedule a private showing, which includes a discussion of valuation and price trends, call Osman at 303.746.6896. Sold Listings of Note 1002 Mapleton Ave | $7.75MM | More Details You have to wonder about the negotiation backstory of this iconic Boulder house. It hit the market in July at $8.4 and immediately under contract. And then nothing, for months. It finally closed at a 7.2%. Curious. Spectacular house in a premier location. Click the link for the real estate eye candy. p.s. I [...]
The Coming Boulder Market Turn [Analyze This]
by Osman Parvez ---- My recent blog posts have emphasized end-of-season bargains that are now on the Boulder market (courtesy of overzealous sellers and brokers who use wishful thinking prices to attract clients). I've already helped several clients negotiate exceptional deals in the 4th Quarter by targeting stale, overpriced listings. I'm currently on the hunt for others (including investments for my own portfolio). What about next year? Should you keep your powder dry and hope for a correction? Should you sell now before the downturn begins? The answer depends on the characteristics of the property (price, location, property type) and your [...]
Boulder Real Estate Bargain Shopping? The Time is Now [Inventory Analysis]
by Osman Parvez ---- I just completed my inventory update for the week. The Boulder real estate market is doing interesting things, but there were no big surprises. Let's look at the data. Note: The analysis below is for detached houses in the City of Boulder. If you're looking for an analysis of market conditions for condos or townhomes, call me. If you want to see market conditions for specific properties or neighborhoods in Longmont, Lafayette, Niwot, Superior, or other areas in Boulder - again, call me. Contact information is at the bottom of the post. The orange line in [...]
Big Discounts, South Boulder Views, Spacious Luxury [Fresh Listings, Get ‘Em Hot]
It's early September and there's a whiff of autumn in the air. Colorado is talking about the Broncos, the Aspens have started to change on the Western Slope, and reality is knocking on the door for sellers who blew the summer selling season. As usual, I've sifted through the market so you don't waste time with egregiously overpriced listings, bad locations, or old inventory refreshed to appear new on the MLS. There were no notable sales this week, but I've included two listings with significant price reductions that are worth your attention. Ready for the latest in Boulder real estate? [...]
Dream Homes, Chautauqua Bargains, and More [Fresh Listings, Get ‘Em Hot]
Miss us last week? We took a trip to California to ride the Pacific Coast Highway and watch Eddie Vedder perform at the Ohana Music Festival. If you ever have the chance, I highly recommend the campgrounds along the coast. Many have direct access to the ocean and the views are magical. Now it's back to the grindstone. As expected, sellers who blew the summer selling season are now scrambling to find buyers. This week a few partially finished spec homes were listed along with five $100K+ price reductions in Boulder alone. Amid the sea of stale old listings [...]
The Autumn Real Estate Market Begins [Fresh Listings, Get ‘Em Hot]
Just like that, the summer selling season has come to a close. The kids are back at CU. There's a whiff of autumn in the air... and once hopeful, doe-eyed sellers, convinced to overprice their property by overzealous agents, are now starting to offer steep discounts. There were four +$100K price reductions in Boulder this week alone (link). Negotiation is one of my favorite parts of this business. I've always been able to help buyers obtain the largest negotiated discounts during the late 3rd and early 4th quarters of the year. I expect this year will be no different. [...]
Needs a Little Remodeling [Fresh Listings, Get ‘Em Hot]
Bring your pickiest buyers.... This week: A Victorian in clown paint, a cottage in downtown Louisville, a historic grandfathered income property in Chautauqua, and a rare opportunity to get into Old Town for cheap. Plus notable sales. As always, I've carefully sifted through this week's listings and recent sales in Boulder and surrounding areas. These are the properties worth seeing and worth talking about. To schedule a private showing, which includes a discussion of valuation, negotiation strategy, and price trends, call Osman at 303.746.6896. Sold Listings of Note 8964 Little Raven Trl | Sold: $1,507,500 | More Details A beautiful house in [...]
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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.
