Value Plays: Triplexes and Detached Secondary Dwellings [Fresh Listings, Get ‘Em Hot]
50+ properties hit the boulder real estate market this week - everything from affordable housing to one luxury downtown condo with a wishful thinking asking price of $3MM. Only 9 made this week's cut. Buyers - be cautious in the current market. It's not only an election year, unlike any other, but we're nearing the end of the real estate cycle. Intelligent selection and negotiation can reduce the risk of capital loss if you're forced to liquidate in the coming downturn. During the last down market, the high-end saw prices fall as much as 40% from the peak value. Yes, here [...]
Boulder and the L’s [Inventory Analysis]
by Osman Parvez ---- Smart house buyers and sellers adjust strategy to market conditions. The chart above shows the annual change (year over year) in total house inventory and inventory under contract for Boulder and the L's (Louisville, Lafayette, and Longmont). The L's show the pattern you'd expect - when supply drops, percent under contract (a.k.a. absorption) increases. Louisville inventory is up 8.9% and homes under contract fell 9.0%. Lafayette inventory dropped 7.1% and houses under contract increased by 2.0%. Longmont inventory dropped 4.5% and houses under contract increased 8.0%. Boulder is the anomaly. Total inventory is up [...]
The Deep End of the Boulder Real Estate Market [Fresh Listings, Get ‘Em Hot]
Miss us last week? Sorry, sometimes we sneak away midweek to savor a little of the Colorado good life. But don't worry. It didn't stop us from putting another of our buyers under contract this past weekend. We locked down the best of several entry level houses that hit the Boulder market last week. Client first, always. Now, we're back with another round of fresh listings. What's worth seeing in Boulder real estate this week? Let's dive in! To schedule a private showing, which includes a discussion of valuation, negotiation strategy, and price trends, call Osman at 303.746.6896. [...]
This Week’s Fresh Listings and Notable Sales [Get ‘Em Hot]
Ready for Memorial Day Weekend? It's time to see some houses. We've sifted through this week's new listings to bring you the most interesting, fresh, and desirable properties on the Boulder market. No old, refreshed listings pretending to be new. No bad locations or egregiously overpriced shacks. 130 new properties his the market in Boulder county this week. 19 are already under contract. Here's what's worth a look this weekend. Oh and as a bonus, we've decided to include recent and notable sold properties with some insights into the negotiation. Sold Listings of Note 1476 Periwinkle Drive | $949,000 [...]
Boulder High-End Sales Analysis [Caution Flag]
by Osman Parvez ---- No, the market is not scorching hot for all property types and locations in Boulder. Your agent says otherwise? Find a better Realtor. For the past several years, we've advised our clients to be cautious and conservative before jumping into a bidding war for high-end properties. The data supports our advice. Here's the latest stats: During 1Q16, only 26% of real estate transactions above $1MM closed for more than asking. The majority sold for asking or less. Take a look at the chart below. It's shocking how many agents waive their hands around and pretend it's a hot [...]
Historic Chautauqua and More [Fresh Listings, Get ‘Em Hot]
Ready to take a walk through the latest available homes? Here is what's worth seeing in Boulder real estate this weekend. To schedule a private showing, which includes a discussion of valuation and price trends, call Osman at 303.746.6896. Boulder 1527 Pine Street | $2,450,000 | More Details A large pre-war Victorian with classic lines, in a prime location within the Historic District. Hasn’t traded hands in more than a decade. No garage and a small lot are potential issues. Due diligence: Your house search and negotiation strategy should reflect growing inventory supply above $2MM. 2424 6th Street | $2,300,000 | More Details Another gorgeous [...]
Boulder House Inventory UP 20%, Condos DOWN 33% [Analyze This]
by Osman Parvez ---- Time for a quick market update. Here's our latest inventory analysis for Boulder real estate markets compared to last year. Total inventory of attached dwellings (AD) in the City of Boulder is 33% lower. Boulder and Superior are both showing substantially higher inventory, while percentage under contract is mixed. As Boulder County's largest real estate market, Longmont is the big story. It's a bastion of affordability and an important barometer of market conditions. In Longmont, inventory is 7% below last year while the percentage under contract has climbed markedly. Data for smaller markets like Louisville [...]
Exclusive Enclaves and Hidden Gems [Fresh Listings, Get ‘Em Hot]
70 New listings hit the Boulder real estate market this week ------------ 10 Already under contract 3 Flips of questionable execution 6 Refreshed, old listings pretending to be new ... 13 Worth looking at Note: Last week, one of our regular readers asked if I would disclose conflicts of interest. The answer? Of course! If the listing is within Realty Unique, or even if I own property nearby, I will always disclose known conflicts of interest. Only property worth seeing makes this list and worth seeing doesn't always make it worth buying. If you really want to know my thoughts [...]
Boulder Market Update: Inventory Up, Sales Slow [Analyze This]
by Osman Parvez ---- If I were to base my analysis of market conditions on my brokerage's business, the Boulder real estate market is scorching hot. I have a healthy number of clients and many are now under contract and heading to closing. That's how most Realtors talk about the market. They base it on their personal business or what they hear from their colleagues at the water cooler. Don't believe the hype. Ignore the hand waving and happy talk from my competitors. The market is starting off cooler this year. Let's look at the analysis. Inventory for [...]
Modern on a Perch and Income Properties [Fresh Listings, Get ‘Em Hot]
56 Listings hit the market this week. 11 Already under contract 9 Refreshed old listings (including one that thinks it’s worth $200K more than 4Q) 26 Overpriced, bad locations, not built yet, not particularly interesting, or otherwise undesirable. -------- 10 are worth looking at this weekend. 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. Boulder 2345 Balsam Drive | $2,790,000 | More Details If modern is your thing, here’s your chance. It’s on a little island of high-end houses with views on Panorama, Alpine, [...]
Longmont’s NextLight Forges Ahead, Boulder Flounders in Muni Quagmire
Longmont's NextLight Installation in Progress In case you forgot, Boulder is still trying to buy an obsolete electrical grid while Longmont is actually installing fiber to houses. Boulder's muni efforts have already cost taxpayers millions of dollars (the city admits to $5.9MM). If successful, municipalization will substantially increase your monthly utility costs even under the most favorable modeling scenarios while doing nothing to reduce our carbon footprint and fight climate change. Let's face it. Municipalization is a money hole. Instead of fighting Xcel and indebting taxpayers for little return, we could be installing solar panels and Tesla batteries in [...]
Horse Property, Historic Charmers, and Chic Urban Flats [Fresh Listings, Get’ Em Hot]
58 Shiny new listings hit the Boulder real estate market this week. What’s worth seeing? Let’s find out. 5 are already under contract. Snooze you lose. 9 are sneaky refreshed inventory. Sorry listing agents, old is old. 32 are in bad locations, overpriced, have poor investment potential, or are uninteresting. In other words, I wouldn’t buy them. That leaves just 12 worth seeing. To schedule a private showing, which includes a discussion of negotiation tactics, valuation and price trends, call Osman at 303.746.6896. Boulder 4048 57th Street | $1,795,000 | More Details Just north of Boulder Airport and South of [...]
This Week: Investment Condos, Trophy Estates and Family Houses in Newlands [Fresh Listings, Get ‘Em Hot]
54 new listings hit the Boulder real estate market last week. Many were old, expired or withdrawn listings from late year (i.e., refreshed listings). A bunch were in bad locations or egregiously overpriced. Don't worry. We sifted the wheat from the chaff. Here's 15 worth seeing this weekend. To schedule a private showing, which includes a discussion of valuation and price trends, call Osman at 303.746.6896. Boulder 3135 4th Street | $1,735,000 | More Details Family friendly layout in highly desirable Newlands. Well maintained and appears to be turn-key. Only one block from open space. Excellent hiking only minutes from the [...]
A View to Drool Over and Luxury Lock and Leave Downtown [Fresh Listings, Get ‘Em Hot]
Yay for new inventory! Nearly 40 listings hit the Boulder area market this week. We culled the bad locations, overpriced, and otherwise undesirables. Here’s what is worth seeing. Note: You might notice that nothing over $1MM made the list this week. At higher price points, demand is lower, supply is higher, and we’re far more selective. To schedule a private showing, which includes a discussion of valuation and price trends, call Osman at 303.746.6896. Boulder 385 Hopi Place | $955,000 | More Details Solid location in Frasier Meadows. Looks like a good layout for entertaining. Interior finishes could use an [...]
Inventory Flood Kicks Off 2016 [Fresh Listings, Get ‘Em HOT]
You wanted more houses available for sale? Here it comes. After months of declining inventory, we’re finally starting to see a higher volume of fresh listings. This week... New Listings: 52 Under Contract: 5 Refreshed: 9 Overpriced: 5 Bad Location or Otherwise Undesirable: 10 Spec: 1 Worth Seeing: 22 To schedule a private showing, which includes a discussion of valuation and price trends, call Osman at 303.746.6896. Boulder 2036 Mesa Drive | $1,300,000 | More Details Last traded hands in 2013 for $938K. I love this location for its proximity to downtown Boulder but if you’re considering writing an offer, [...]
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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.
