Investing in Longmont? Consider the Strategic Risks and Rewards
by Osman Parvez ---- Longmont is the place to be. Downtown is booming and more trendy restaurants, breweries, art galleries, and boutique retailers are opening by the day. Longmont has beautiful family friendly community spaces and multi-use paths. It also has fewer transient issues and noticeably fewer tourists than Boulder. In short, it's attractive and affordable. From the southwest corner of town, it's only about a fifteen minute drive to Google's new campus. It's also about to get much better in the future. As House Einstein's business continues to expand throughout Boulder County, I find myself increasingly advising investment [...]
The Market’s Peaked. Now What? [Analyze This]
by Osman Parvez ---- I've heard the question from buyers. I've heard it from potential sellers. Has the Boulder real estate market peaked? Is now a good time to buy (or sell)? I prefer to let data answer the question. No hand waving. No Realtor happy talk. Remember: Intelligent real estate decisions are based on a deep understanding of market conditions. ---- Inventory, Absorption, and Sales Volume This morning, I analyzed the most recent market data for Boulder real estate. Let's take a look at the numbers. The chart above shows total inventory of houses in the [...]
Always Look Before You Leap… Into Boulder Real Estate [Fresh Listings, Get ‘Em Hot]
Every week, we sift through new listings to find you the best of Boulder real estate. We also discuss notable sales and worthy price reductions. This week: An eye popping trophy home that was only available for one day, a triplex masquerading as a historic single family home, and dueling downtown Boulder condos priced $255K apart. 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 19 Arrowleaf Court | $5,400,000 | [...]
Waiting for the Perfect House? Don’t Hold Your Breath [Fresh Listings, Get ‘Em Hot]
Is location more important than floor plan? Are you willing to remodel or do you want turn-key? How long is the commute? At any price range, there are trade-offs to consider. We’ve found this to be true working with buyers of $3MM+ properties. It's also true for buyers of affordable housing, and everything in between. It's important to have an honest discussion of the pros and cons of each property. Remember, there is no one perfect house. Here’s a look at a dozen fresh listings that caught our eye this week as well as a few notable sales. As usual, we've [...]
Faux Swiss Chalets and Boulder Value Investments [Fresh Listings, Get ‘Em Hot]
Upset sellers and agents often call to ask why their property didn't make my list. For some Boulder properties, the problem is location - the #1 factor for long term appreciation. Other times, their asking price is way too high and far out of line with the comps. Maybe the potential tenant mix is severely limited or the previous owner butchered it beyond repair. The bottom line is that I'm not just a Realtor, I'm also a real estate investor. My goal is to help you make a smarter real estate decision and If I can't see the [...]
Downtown Condos, Discount Trophy Estates, Family Abodes [Fresh Listings, Get ‘Em Hot]
Another scorcher is on its way for this weekend. The good news? The Boulder real estate market is starting to cool down which means fewer buyers to compete against and still plenty of houses to see. Here's our pick for property to see this weekend in Boulder, Longmont, and Lafayette. As usual, we've culled the overpriced listings and the bad locations. To help educate you on market conditions, we've also included a few notable sales and even a price reduction that is starting to look like a value play. Remember, intelligent real estate decisions are based on a [...]
What RE/MAX Isn’t Telling You [Analyze This]
by Osman Parvez ---- It's nice to see data analysis on Boulder real estate conditions in the Daily Camera. Here's what Re/Max and DB aren't telling you: Sales volume for all residential real estate in Boulder during the 2nd quarter fell 14.7% from the year before. How's that possible? Let's roll up our analytical sleeves and take a closer look. It's time for a market update. Take a look at the chart below. Limited inventory continues to drive prices. Inventory of attached dwellings (i.e. town homes, condos, and duplexes) has fallen almost 10% this year. It's 46% below [...]
Housing for Cold Springs Fire Evacuees
Hey Boulder! As of this writing, 2,000 people have been evacuated from their homes due to the Cold Springs Fire. Want to do something? If you have housing to offer evacuees or emergency personnel, call the Office of Emergency Management at 303-413-7730 (non emergency number) to share what you have. They will add it to the database of resources. These are your neighbors. p.s. I just called to offer my vacant SoBo rental. ---- Want to get blog updates via email? Click HERE. Ready to buy or sell? Schedule an appointment or call 303.746.6896. You can [...]
Trophy Views, Duplex Investments, and Family Houses [Fresh Listings, Get ‘Em Hot]
Ready for some fresh listings? As usual, we've sifted through the Boulder real estate market for the very best listings, notable sales, and price reductions. This week: A rare executive trophy home with water AND mountain views on the west side of Broadway, an equally rare downtown duplex, and more. Market Note: House inventory dropped 4% in Boulder last week. 47% of houses remain under contract. The market has peaked for the season. As our British clients like to say about their fruit, "it's on the turn." To schedule a private showing, which includes a discussion of valuation and price [...]
Boulder Real Estate $1MM+ Market Analysis
by Osman Parvez ---- Contrary to popular belief, the high end of the Boulder real estate market is not driven by a scarcity of inventory and bidding wars. Here's the research note on 1Q16 sales we sent to our clients a few months ago. Buying or selling real estate in Boulder? Call us. We provide professional advice based on a deep understanding of real estate conditions. If your Realtor wants you to pay over asking but can't provide actionable market analytics, get a better Realtor. ---- Want to get blog updates via email? Click HERE. Ready to [...]
Boulder Town Home and Condo Inventory Analysis [Market Update]
by Osman Parvez ---- Available inventory of attached dwellings has more than doubled since the end of March, but remains low by historical standards. The number of under contract properties has increased by 85.5% for the same time period. 61% of inventory is currently under contract. ---- 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 [...]
Fairy-tale Horse Property and Entry Level Homes [Fresh Listings, Get ‘Em Hot]
I've sorted through all the new listings, removed the egregiously overpriced, the poor locations and sneaky refreshed listings. Below are the top picks of what's worth seeing in the Boulder real estate market. Let's go see some houses! To schedule a private showing, which includes a discussion of valuation and price trends, call Osman at 303.746.6896. For fun, I've included recent sales of note, interesting price reductions, and a couple of properties that have returned to market. Sold Listings of Note 440 Japonica Way | $1,355,000 | More Details This sale illustrates the premium buyers are willing to pay for the Newlands neighborhood. [...]
Boulder Inventory up 32%, Absorption Drops [Analyze This]
by Osman Parvez ---- Boulder house inventory is up 32% since the end of March. Pending and under contract are up 18.2%. Peak absorption this year was reached in the middle of May. Read Summer is Over for more details. ---- 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 [...]
For Boulder Real Estate, Summer is OVER [Analyze This]
by Osman Parvez ---- Summer officially began last week, but it looks like it's already peaked for the Boulder real estate market. Remember, intelligent real estate decisions are based on a deep understanding of market conditions. Let's take a look at inventory in Boulder. The chart above shows the number of detached, single family houses on the market in the City of Boulder over the past year. The blue line represents available inventory, not under contract. The orange line is property that is currently under contract or about to go under contract with a buyer (active/backup or pending, for [...]
This Week’s Ripe Listings [Get ‘Em Sweet]
What's worth seeing in Boulder real estate? We've culled the refreshed old listings. We've weeded out the overpriced and bad locations. Here's the best of the bunch. To schedule a private showing, which includes a discussion of valuation and price trends, call Osman at 303.746.6896. Sold Listings of Note 215 Green Rock Drive | $3,100,000 | More Details A tale of caution. The 2nd to last owner, a well known Boulder real estate broker, purchased the property in '06 at the height of the real estate cycle for $2.1MM. He later took a bath and sold the property in 2013 for $1.7MM, [...]
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Testimonials
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.
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.
