The Latest Case-Shiller Data on Denver [Analyze This]
--- by Osman Parvez The latest Case-Shiller HPI update is out this morning. Home prices in Denver inched up to 7.7% year over year in August, compared to the 7.2% for the same period a year earlier. Meanwhile, the 20 city composite increased 5.5%. Anecdotally, we're seeing a surprising number of options for our buyers hit the market and starting to have strategy discussions with sellers who are concerned with missing the peak of the market. Although Denver is still appreciating, the pace of gains is beginning to slow nationally. I expect appreciation rates to flatten in the next 12-24 [...]
Boulder Sales Volume Falls, Prices Appreciate Strongly [Analyze This]
--- by Osman Parvez 3Q sales fell nearly 17% this year, driven by low inventory and higher mortgage rates even as prices continued to accelerate. The median sale price for detached houses increases 10.6%, year over year. Nearly half of listed homes sold for more than the asking price. Why are prices continuing to rise so strongly? Because unlike the stock market, real estate asset prices are sticky on the downside of a cycle and markets with strong fundamentals (like Boulder) are considered by many investors to be safe havens. During a call with a potential new client yesterday, [...]
Market Update: Impending Doom or a Soft Landing? [Analyze This]
--- by Osman Parvez As grandma used to say, an Insta tells a thousand words (follow us!). ---- 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 to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real [...]
The Boulder Market Heats Up [Watch This]
- by Osman Parvez 45% of house sales in the City of Boulder sold for more than asking last month. Meanwhile, inventory of detached single family homes is currently down 22%, year over year. Buyers and sellers in this environment are under high pressure. Not having deep market knowledge on comparable sales, negotiation techniques, and deal norms can be costly. We've seen buyers grossly overpay for marginal property. We've also seen them not even get a seat at the bidding table. We've watched sellers of luxury homes leave hundreds of thousands on the table because they were given the wrong advice [...]
April Market Stats [Analyze This]
April market stats for Boulder, published on our Instagram. Data is for detached and attached dwellings throughout Boulder (including unincorporated areas), on and off the MLS. $/SQFT is the median, not average cost. Rate of appreciation a touch lower, but still strong. Volume is a bit higher. ---- 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 [...]
Investment Returns vs Holding Period
Investment results are highly sensitive to holding period. From our 20+ variable, dual scenario investment property model (clients only). #boulderrealestate #bouldercolorado #analysis #investing A post shared by House Einstein (@house_einstein) on Apr 29, 2018 at 3:22pm PDT A lot of real estate people like to say, "You make your money when you buy." Me? I'll take a great location and a long holding period instead. Almost nothing beats it. ---- 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 [...]
How Much Should You Pay? [Analyze This]
--- by Osman Parvez I posted this chart on our Insta this morning. After some discussion with Leah over breakfast, it was clear that more explanation was needed. So, let's talk about the data set. You're looking at residential house sales (no attached dwellings) in Boulder since January of this year. The data is only for Boulder proper. Gunbarrel and the Foothills are excluded. The data is also verified arms-length transactions on the MLS at all price ranges. I put together a similar analysis for a buyer earlier this week. My client level analysis was specific to their particular price range [...]
The Upcoming Spring Market [Analyze This]
We had a great discussion at last night's Boulder Real Estate Meetup. One idea was how our local market might be quite different from other markets around the country, where activity has slowed. Take a look at the chart above. Despite rising interest rates, most cities in Boulder County are showing higher absorption rates than last year. The outliers are locations or property types with significant new construction supply - such as attached dwellings in Boulder (think 200+ units at the Peloton and S'park on sale) or Superior, where several new developments are under construction (Superior Town Center, Skyestone). Even in [...]
Get Off The Bench, It’s Game Time [Fresh Listings, Get ‘Em Hot]
By Osman Parvez ------- Yeah, we know the Super Bowl is happening this weekend. If you're serious about finding a home or investment property in Boulder, you might want to put down the bowl of nachos and skip the game. Or at least take it easy at the Super Bowl party. The real estate game is played each and every weekend in Boulder. Occasionally new listings arrive early (and you have to be prepared for that), most hit the market towards the end of the week. Weekends are prime-time for showings and negotiations. Here at House Einstein, we don't go on [...]
House Inventory Up 33% [Analyze This]
by Osman Parvez ---- Last night's Meetup was fun. Our discussion ranged from investment market conditions to the challenge of waiting a year or even longer for a builder in Boulder. We took a deep dive into the data and peered into our crystal balls for the coming year. Most likely we will continue these events (and others) on a monthly basis. Stay tuned for information about our next one. The chart below shows the year over year increase in inventory for single family, detached houses in Boulder. The full series of charts from last night are available on our [...]
Crunching the Data [Analyze This]
by Osman Parvez ---- Intelligent real estate decisions are based on deep market knowledge. There is no short-cut. We've been crunching the numbers and tonight, we'll discuss our findings at The Boulder Real Estate Meetup. RSVP HERE. Space is limited. ---- We've been taking a deep dive into the data to prepare for tonight's Boulder Real Estate Meetup. It should be a great discussion. #realestate #Boulder A post shared by HouseEinstein (@house_einstein) on Dec 5, 2017 at 9:15am PST ---- Want to get blog updates via email? Click HERE. Ready to buy or sell? Schedule an appointment [...]
Inventory Rises Nearly 50% [Analyze This]
by Osman Parvez ---- Inventory for condos and townhomes is up nearly 50% in #Boulder. Want does it mean for next year's #realestate market? Join us on Tuesday at the Boulder Real Estate Meeting for a discussion. A post shared by HouseEinstein (@house_einstein) on Dec 3, 2017 at 4:00pm PST ---- RSVP for the Boulder Real Estate Meetup HERE. ---- 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 [...]
Boulder Price Gains Slow in the Third Quarter
by Osman Parvez Boulder real estate continues to slow. The median sale price increased 4.1% in the third quarter, year over year, compared to a blistering 22.1% for the same time period a year ago. #Boulder #realestate #analysis A post shared by HouseEinstein (@house_einstein) on Oct 13, 2017 at 2:34pm PDT ---- 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 [...]
Sales Volume Falls in Boulder [Analyze This]
by Osman Parvez ---- Heads up. Sales volume dropped almost 9% in the third quarter in Boulder. Get the facts. Make a smarter real estate decision. #Boulder #realestate A post shared by HouseEinstein (@house_einstein) on Oct 12, 2017 at 8:49pm PDT ---- 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 [...]
Houses Under Contract Rises Slightly in Boulder [Analyze This]
Although inventory has risen nearly 12%, the Boulder market is keeping up with increased supply. Houses under contract are slightly higher than the same time last year. Get the facts, make a smarter real estate decision. #realestate #Boulder A post shared by HouseEinstein (@house_einstein) on Sep 26, 2017 at 1:13pm PDT ---- 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 [...]
