Sales in Bear Creek [Analyze This]
by Osman Parvez It's a rainy day in Boulder, a good time for analysis. One of the most important pieces of advice we give our clients, both sellers and buyers, is how to understand market conditions for their unique property (or property search criteria). Location is the starting point for the conversation. If you don't know the history of recent sales in the neighborhood, you're going in blind. Take a look at the table below. You're looking at sales since the beginning of the year for properties within the Bear Creek Elementary footprint. Why Bear Creek? Because its one [...]
Ready for Spring Eye Candy?
Spring is here. The tulips are blooming on Pearl Street, cycling routes are busy, and hikers are packing the trails on the weekend. The Boulder real estate market has swung into full gear, too. Listings are popping up everywhere and buyers are flooding into the market. The most desirable homes disappear quickly. Buyers need to move quick to compete. Here's a look at recent notable sales and this week's fresh listings. To schedule a private showing, which includes a discussion of valuation and price trends, call Osman at 303.746.6896. Sold Listings of Note 2930 18th St | $2.4MM | [...]
Boulder Real Estate Eye Candy and Dream Homes in Newlands
Miss us? For the past few weeks, we’ve been focused on helping our sellers and buyers execute their investment strategies and achieve their goals. Some are preparing to list. Our focus is to help maximize the market value of their property. Others are looking to find their dream homes but also want to make a smarter real estate decision. Meanwhile, we’re adding new members to our team and preparing to open a new office in North Boulder. We’ve been very, very focused on execution. When the blog posts slow down, remember this: Clients first. Blogging second. That’s how we roll [...]
A Room with a View on Flagstaff, Historic Old Town, and Rare Southwest Style Charmers
Wake up and smell the listings It's been a busy week: a full schedule of showings every day, late nights writing caffeine-fueled offers, and negotiating back-to-back bidding wars. Meanwhile, I'm doing a deep analysis for a new listing, managing several inspections, and still finding time to meet with new clients. I won't apologize for the lateness of this post, but clients always come first. This week: custom mid-century modern homes on Flagstaff mountain, beautiful adobe Southwest-style homes in historic Lafayette, and two exciting options in Old Town Longmont. As usual, no excessively priced or refreshed listings, and no bad [...]
The Perfect Boulder Bachelor Pad, Loads of Eye Candy, and Managing Risk in Niwot
Phew, it's been a busy week! I've taken buyers to see over 30 listings, everything from eye popping mountain trophy homes to entry level condos. Two late night offers also resulted in two sets of clients happily under contract. It was hard to find time to review the fresh listings, but it's the only way to stay on top of the market. Remember, intelligent real estate decisions are based on a deep understanding of market conditions. There is no substitute. Good news. There's a lot of real estate to consider this week. As usual, I've culled the bad locations, [...]
Unicorn Downtown Condos, A Craftsman on the Hill, and a Tale of First Time Buyers Who Find a Home
This week, we helped a young professional couple buy their first home in Boulder. Although we've already closed many deals in the first quarter, this one felt special. It wasn't the fact we beat many competitive offers, bidding wars in this price range and location are normal. It was the fact that the property works exceptionally well for these buyers and their objectives. It's not their dream home. It meets their needs, fits their budget, and years from now, when they move up to a "forever home", it will be a nice income producing asset in their investment portfolio. It [...]
Imagine Waking Up To This View
by Osman Parvez ---- This was the view at sunrise this morning from our new listing in North Boulder. Can you imagine waking up to this view? Not only does the property have a front row seat to Boulder's iconic Flatirons, but the parcel in the front is City of Boulder open space. It's unlikely to ever be developed. Trails into Wonderland Lake and Mt. Sanitas are right out your front door. Downtown Boulder is minutes away. The house itself is well designed and recently renovated, with living and entertaining areas that frame the view. The lot size is [...]
What’s Hot, Historic, and Hygge? This Week’s Fresh Listings.
A handful of higher end houses and rare locations are featured in this week's fresh listings. If you’re looking for eye candy, check out the hygge farmhouse style property on 26th Street. For a rare location and the best schools in Boulder, assuming you’re willing to do some renovations, the family home on Grinnell may be a good option. As usual, we’ve sifted through the many listings that hit the market this week. We’ve culled the overpriced, maintenance deferred, bad locations, and refreshed listings. In this competitive market, you don’t have time to waste. The following are the very best of Boulder [...]
Under Contract, Boom!
Imagine waking up this view everyday. One of our clients will be soon. Under contract, boom! A post shared by HouseEinstein (@house_einstein) on Mar 1, 2017 at 11:19am PST
Mountain Houses and SoBo Eye Candy [Fresh Listings, Get ‘Em Hot]
Oh, the beautiful snow. On a wintry weekend such as this, you’re probably tempted to snuggle up beneath a blanket with your sweetie and binge on Netflix. Forget it! Serious house buyers: put down the cocoa, put on your down jacket, and let’s go see some houses. The only way to make an intelligent, educated decision on real estate is to stay on top of the market. You can’t do that from your couch. Every week, I carefully sift through new listings in the Boulder real estate market. This week: A variety of family friendly houses, entry level condos, [...]
Strategy by Price Range [Analyze This]
by Osman Parvez ---- For the last few days, I've been writing about inventory conditions in Boulder. It's time to wrap up the analysis. The following chart shows inventory of houses by price range in Boulder. It excludes attached dwellings like condos or town homes, multifamily property, and vacant lots. The source of data is both regional MLS systems, duplicates and other junk have been carefully removed. There is much more inventory between $500K and $900K, compared with price points between $900K and up to $2.0MM. Once again, it's a tale of two markets. The $2.0MM+ tranche is open ended, [...]
Boulder Inventory Stabilizes, Spring Outlook Positive [Analyze This]
by Osman Parvez ---- Continuing my inventory analysis from yesterday (see Boulder Entry Level Remains Strong, High End At Risk of Correction), the chart above shows total inventory (active, under contract, and pending) for the City of Boulder over the last three years. The blue line dots and trend line represent 2017. Orange represents 2016 and grey represents 2015. Inventory started off substantially higher at the beginning of this year. It is now in-line with the previous two years. Expect inventory to continue rising from now until mid summer. It typically peaks in June or July. Note: The source of [...]
Boulder Entry Level Remains Strong, High End At Risk of Correction [Analyze This]
by Osman Parvez ---- ---- So your Realtor say the market only goes up in Boulder? Guess again. At the most basic level, price is always a function of supply and demand. There is no escape from this law. Market strength depends on price range, location, property type, depth of market, and many other characteristics. As we approach the end of a real estate cycle, smart buyers focus on properties that are more likely to hold their value and sellers dump assets that are at risk of a price correction. Take a look at the chart below. It shows percentage [...]
Downtown, Uptown, Get the Low Down [Fresh Listings, Get ‘Em Hot]
When you're shopping for a home, time is always of the essence. Over 100 listings hit the real estate market in Boulder this week. I've analyzed them, culled the overpriced and bad locations, and identified the most compelling properties. The following are the very best homes on the market. A Note on Market Conditions Before you consider writing an offer, talk to your Realtor about market conditions. It varies dramatically by neighborhood, right down to the street level and property type. This year is not shaping up to be the same as last year. For example: while total inventory of houses [...]
Tantra Lake Holds Steady [Analyze This]
by Osman Parvez ---- With the future development of CU South in play, prices for condos at Tantra Lake have appeared to level out. A basic 2 bed, 2 bath closed this week for $425K. It was not remarkable, with average finishes and no views (listing detail). Will prices rise further this spring and summer? Talk to your real estate adviser. This is a good development to track for the impact of South Boulder CU campus. Here's the chart: note: Data for the chart above utilizes data from both IRES and REColorado. Comprehensive analysis requires a compilation of both [...]
