Is Boulder Real Estate Headed for a Fall? [Analyze This]
Believe it or not, Governor Polis declared a state of emergency in Colorado almost a month ago. Should I still wait to list my home for sale? Will there be buying opportunities ahead? These are the types of questions we are receiving from our clients every day. Unlike the stock market, the real estate market tends to react slowly to changing conditions. This inefficiency creates opportunity, for buyers who understand the market and have the patience to wait, or for sellers who see what's coming and want to get ahead of the trend. Either way, it's important to have a [...]
A Cluster in Boulder [High-End Notable Sales, Analysis, $2M+]
There's no denying the capital markets meltdown happening due to the Coronavirus. As I wrote about in my last blog post, one possible impact will be more hesitant buyers. More inventory means better selection and more buyer leverage in negotiations in the 2Q and 3Q of this year. The counterbalancing impact will be lower rates, but this is more impactful for buyers who are rate sensitive (i.e. focused on monthly payments). Luxury home buyers are typically not rate sensitive, but they do keep a close watch on their portfolio values. If you want to ZIG when others ZAG, you need [...]
Eyes Wide Shut | 3091 6th Street [Notable Sales]
Thinking about building your dream home in Boulder? Let's talk about development risk. Remember, intelligent real estate decisions are based on deep market knowledge. The Hall Family House in the 1940's Owned for decades by the Rouse family, 3091 6th Street is a worn-out two bedroom home in Newlands at the corner of 6th and Evergreen. Built in 1940, there isn't much to the house. It's a simple ranch style home and it's been a rental property for many years. Ownership of this house dates back earlier than the Rouse Family. It was once occupied (and likely built for) Leonard [...]
Secret Safe Rooms and Hidden Opportunities [Boulder – Fresh Listings]
Time to kickoff the new year. Dozens of listings hit the market this week. I culled the old refreshed properties, poor locations, and otherwise less than optimal options. Only a few are worth your attention. One even has a safe room. Ready to see some houses? Let's get started with a discussion of notable sales. For private showings and discussion of market conditions, valuation, and negotiation strategy, call Osman at 303.746.6896. My goal is to help you make a smarter real estate decision. Sold Listings of Note 2873 6th Street | $2.5MM | Pics and Details A traditional family home in [...]
Niwot Unicorns and Historic Charmers [Boulder – Fresh Listings]
One of our buyers called us this week because she wasn't receiving new listing alerts. Nope, there wasn't anything wrong with our search setup; it's normal for this time of year. The Boulder real estate market is seasonal and December is normally a very slow month. Only motivated sellers list between Thanksgiving and New Years, which is why smart buyers don't wait until January to begin their search. Sometimes you can find a remarkable deal. So.. If you're thinking about buying a new home, get started early. And if you're considering listing your home for sale next year, interview Realtors [...]
Boulder Unicorns: Historic Rooming Houses and Chautauqua Cottages [Fresh Listings, Get ‘Em Hot]
Oh, my. New listings to hit the Boulder real estate market this week include unique and rarely available properties - from a gigantic historic rooming house to that adorable Chatauqua cottage you've always wanted. In short, unicorns. A landlord is also liquidating a large portfolio of historic rental homes. Want my advice? Don't wait to schedule a showing. The most attractive properties sell very quickly in Boulder and the best will be gone before the weekend is over. Ready to schedule your showings? Let's go! Remember: Worth seeing doesn't mean worth buying - especially at the asking price. For a [...]
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 [...]
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 [...]
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 [...]
Wonderland Lake and Newlands Homes Exceed $1MM Threshold [Analyze This]
by Osman Parvez ---- Last week, one of our blog readers asked how appreciation rates in Martin Acres compared to other Boulder neighborhoods. Great question. Take a look at the following chart. As it turns out, Martin Acres experienced far higher appreciation last year than many Boulder neighborhoods including Table Mesa, Wonderland Lake, and Newlands. The median sold price for a house in Martin Acres increased 17.4%. Wonderland Lake increased 15%, and Table Mesa 11.5%. Newlands, by comparison, gained a paltry 5.1%. Of course, the characteristics of these neighborhoods and the houses within them are quite different. North Boulder [...]
Fresh Listings, Why or Why Not [Get ‘Em Hot]
by Osman Parvez Over the last two weeks, over a hundred new properties have hit the market. This should make Boulder real estate shoppers happy. Let's take a look at a few. Not the Bargain Bin at Nordstrom Rack First of all, the following listings are truly new to market. None have been on the MLS for more than 2 weeks so they've haven't been picked through by every buyer in Boulder (yet). I've hand selected them for a variety of reasons (explained below). If you're shopping for real estate in Boulder, add these to your list. [...]
