Market Update: City of Boulder [Analyze This]
Get the facts, make a smarter real estate decision. It's never been more important to adjust your real estate strategy to rapidly changing market conditions. Here's how the market really looks in the City of Boulder: 72 single family, detached houses sold last month, down 37% year over year and 29% below average for September. This breaks a 6 year record low. 244 houses sold in the City of Boulder during the quarter, 95 fewer houses than average for the period.49% fewer homes went under contract compared to last year. September was the 5th straight month of below average pending sales in [...]
How’s the Market? – June 26, 2022
note: the following is the introduction to our most recent newsletter, which includes a review of the most interesting new listings to hit the market. Sign up here.How's The Market?You've read the news. The market has hit the brakes, hard. Showings have slowed to a trickle and inventory is showing year-over-year growth for the first time in many years. Preliminary sales volume data for this month looks shocking, so shocking that I can't quite believe it. I'm going to wait a full week into July before doing my data analysis, to make sure you have accurate information. For now, let's dig a little deeper: In Boulder County, 490 [...]
1782 Apple Valley Rd [Lyons Notable Sale]
LYONS NOTABLE SALE 1782 Apple Valley Rd | $1.6M Designed to feature gorgeous views of the surrounding countryside and river valley, this four bedroom, three bath sits on 2+ acres of land about five minutes from town. The original home was a small single story ranch constructed in the 60's. A previous owner added about 1,600 SQFT and thoroughly renovated the property. Deal notes: Listed just after the New Year, there was a fierce bidding war for the property which drove the price $250,000 over list. It sold for cash, no concessions. Like this content? Check out Fresh Listings. It's our review of [...]
1235 Wildwood Road [Notable Sale]
NOTABLE SALE: 1235 Wildwood Road | $2.13M Why Is It Notable? A late 70's, two-story in Devil's Thumb, with a classic configuration and no apparent updates from original construction. We would have advised our clients to avoid temptation by not scheduling a showing. The views are tremendous, but there's an electrical substation almost directly behind this property. Perhaps the new owners will screen it from view with landscaping, but then what's the point of backing to open space. I'm surprised this crossed $2M. Note Assuming the original acquisition price is correct in the tax records, and no follow-on capital investment, this property appreciated at an annualized rate of just over 6% [...]
4650 Holiday Drive 201 [Notable Sale]
NOTABLE SALE: 4650 Holiday Drive 201 | $675K What Makes It Notable? The Crescent Condos are south facing and line the park in the Holiday Neighborhood. With great views, served by elevators, intelligently designed - they’re a highly desirable option in a highly desirable neighborhood. HOA fees have crept up in recent years but these condos continue to represent a smart buy in the low to mid-range for attached dwellings in Boulder. Like this content? Check out Fresh Listings. It's our review of the most compelling new listings to hit the Boulder and Denver real estate market | Subscribe 4650 Holiday Drive #201 sold for only $35K over asking. Judging by how quickly [...]
1380 Riverside Avenue [Notable Sale]
NOTABLE SALE: 1380 Riverside Avenue | $865K Why Is It Notable? An 80’s era two-story in Wildwood, the neighborhood directly east of Wonderland Lake. It was a small but tasteful property and likely a rental for many years. Finishes were well worn, and the house begged for updating, but the backyard was directly adjacent to open space and a riparian corridor. Lot size was tiny, and likely, further expansion was limited accordingly. My buyers were preparing to offer when it became clear that we were going to be outgunned. It’s sad to watch this one go, but perhaps also prudent. I think this sale pushes the comp fairly strongly [...]
943 Spruce Street [Notable Sale]
NOTABLE SALE: 943 Spruce Street | $5.83M Why Is It Notable? Constructed in 1880, the Kohler Residence is a luxurious Mission Style historic home, with five bedrooms, five baths, and a little over 5,000 finished SQFT. The design includes a large covered porch, carriage house over the two-car garage, and a recent interior refinish. Like this content? Check out Fresh Listings. It's our review of the most compelling new listings to hit the Boulder and Denver real estate market | Subscribe Mission style homes are not all that common in Boulder, but its historical significance is primarily because it was the home of Frederick W. Kohler - president of Boulder [...]
1026 6th Street [Notable Sale]
NOTABLE SALE: 1026 6th Street | $2.83M Why Is It Notable? A 17 year old Craftsman in Rosehill. Listed in April for $2.92M, it was on the market for 21 days before going under contract and sold for $2.83M (3.4% below list) on June 3rd. If this house looks familiar, it’s because we told you about it in an April edition of Fresh Listings, noting the high hazard conveyance zone and limited bedroom count. Let’s talk about that a bit further, now that the deal has closed. Like this content? Check out Fresh Listings. It's our review of the most compelling new listings to hit the Boulder and Denver [...]
3792 Telluride Lane [Notable Sale]
BOULDER NOTABLE SALE: 3792 Telluride Lane | $851K -High demand for units in this community due to proximity to open space, mature neighborhood and residents (i.e. few students). -Shanahan Ridge is a development of functional, lock and leave units with low density. -Why notable? This unit Included a 1 car detached garage for storage. It sold for $151,000 over asking, cash. Like this content? Check out Fresh Listings. It's our review of the most compelling new listings to hit the Boulder and Denver real estate market | Subscribe Osman Parvez is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives [...]
4918 Tesla Court [Notable Sale]
BOULDER NOTABLE SALE: 4918 Tesla Court | $1M -First +$1M sale in Noble park. -Backed to the bike path. -Sold for $160,000 over asking with conventional financing. Like this content? Check out Fresh Listings. It's our review of the most compelling new listings to hit the Boulder and Denver real estate market | Subscribe Osman Parvez is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005. Osman is the primary author of the House Einstein blog with over 1,200 published articles [...]
11792 Camp Eden Road [Notable Sale]
GOLDEN NOTABLE SALE: 11792 Camp Eden Road | $1.78M -Giant, private oasis in the mountains.-Classic mountain home design and architecture.-Sold for more than asking, despite poor seller prep and awful listing photos.-Why notable? Shows the strength of market for family retreats close to Boulder and Denver.Like this content? Check out Fresh Listings. It's our review of the most compelling new listings to hit the Boulder and Denver real estate market | Subscribe Osman Parvez is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a [...]
1465 Sunset Boulevard [Notable Sale]
BOULDER NOTABLE SALE: 1465 Sunset Boulevard | $5M -Exceptional location, with views.-Strolling distance to downtown.-8 years old but still relatively fresh.-Designed for entertaining.-Clustered among other high-end homes. -View corridor impacted by Casey Middle School. -Two sharp price cuts in listing history, likely a planned strategy. -Why Notable: Helps bolster comps in an extremely exclusive location. Like this content? Check out Fresh Listings. It's our review of the most compelling new listings to hit the Boulder and Denver real estate market | Subscribe Osman Parvez is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and [...]
4730 Holiday Dr #201 [Notable Sale]
NOTABLE SALE: 4730 Holiday Dr #201 | $675K The Basics This crescent shaped building is a large semi-circle of multi-family housing in Boulder's very popular Holiday Neighborhood. All units face the park, but the creme-de-la-creme are the end units that have decks overlooking the Foothills. These units have nearly unobstructed views and feel incredibly spacious.Like this content? Check out Fresh Listings. It's our review of the most compelling new listings to hit the Boulder and Denver real estate market | SubscribeWhy Is It Notable? Sales here are rare. This one was on market for only two days and sold for $40K over asking, cash. Also, I told a friend who owned one of these to [...]
1830 Cedar Avenue [Notable Sale]
NOTABLE SALE: 1830 Cedar Avenue | $2.43M Due Diligence It's an original 60's era home, now gutted, reconfigured, and souped-up to look like brand new construction. According to the seller, virtually every surface of the home has been refreshed. Don't forget that there's much that lies beneath the surface.Like this content? Check out Fresh Listings. It's our review of the most compelling new listings to hit the Boulder and Denver real estate market | SubscribeWhy Notable? There's a big difference between an older, extensively renovated home and brand new construction. It boils down to energy efficiency, building codes, and engineering standards. This home is the second one we've recently featured that [...]
1926 Centaur Circle [Notable Sale]
NOTABLE SALE: 1926 Centaur Circle | $478K Why Is It Notable? Over the years, we've sold several homes in this community and have seen many more with our entry-level buyers. It's a good location with respect to Lafayette's downtown and a short commute into Boulder. The interior finish of this particular unit had some nice, well-chosen updates. They even scraped the popcorn ceiling.This sale sets a giant up-tick in valuations for the neighborhood. It sold for an eye-popping $84,000 over asking, not cash. The key selling point was that this unit directly abuts Boulder County Open Space and the Coal Creek Trail. Like this content? Check out Fresh Listings. It's [...]
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