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 | [...]
Acquisition: The Davis-Price House [Make a Smarter Decision]
by Osman Parvez ---- A heartfelt congratulations to my clients who closed yesterday on a beautiful historic home in Old Town Longmont. I rarely gush about specific deals, but the acquisition of 542 Collyer Street was a home run and deserves accolades. The Davis-Price House is one of the oldest dwellings on the east side of Old Town. It checked nearly every box on my criteria for smart real estate investments - a functional, attractive, well maintained house in an exceptional location with long term appreciation potential. The layout and size works for many types of buyers. The curb appeal is [...]
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 [...]
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 [...]
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. [...]
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, [...]
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 [...]
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 [...]
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 [...]
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, [...]
Welcome to House Einstein
Locations, Due Diligence, Negotiation
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.
