4650 Holiday Drive 104 [Notable Sale]
4650 Holiday Drive 104 | $574KWhy Is It Notable?I've loved the Holiday Neighborhood since it was first developed. The intention behind it was to build a low-rise, mixed-use, community that leveraged nearby transit. It was also built with an eye towards modern design and many nearby properties include live-work spaces. 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 | SubscribeFast forward fifteen years and the neighborhood has held up very well. Although the retail mix is still improving, part of that is due to the pace of [...]
November and December | Anything Goes?
Welcome to November in Boulder real estate. The last two months of the year are typically slow . If you're shopping for a home, on average, you can expect slightly more than 50 new houses to hit the market this month and about half that in December (pink circle).The condo and town home market follows the same pattern (chart above), however note the elevated level of new listings hitting the market on the right side of the chart. As discussed in our recent analysis of market conditions, it looks like this influx of attached dwelling inventory might be a short-term opportunity [...]
Client Tour | 1031 Portland Place #2
In Boulder, attractive listings often go very quickly. We produce videos, like the one below, for our buyers when they are unavailable for a showing. If our clients decide to pass on the home, we may share these videos publicly once the property has sold (or been withdrawn) from the market. 1031 Portland Place was acquired in February 2018 for $481,000 ($41,000 over asking). The owner listed it for sale in September 2019 for $539,000. After two price reductions and almost seven months on market, the home was withdrawn from the market. While it was available, we toured it on behalf [...]
Boulder Condo Sales SPIKE, Inventory STILL High [Analyze This]
The shaded area in the chart above represents the 3 year average, per month. The yellow line is the most current data. The error bars represent 1 standard deviation. After the Covid lock down lifted, new listings spiked in May and the usual peak in new listings was pushed back by a month. Last month, new listings were nearly 24.9% above the 3 year average but down 4.3 % year over year. Total inventory of town homes and condos in Boulder has been elevated for some time. In certain price ranges and locations, there is very little market activity. Meanwhile, [...]
Buyers, Start Your Engines
And... we're back. Governor Polis's Safer at Home order will once again allow in-person real estate showings in Colorado, effective May 1st. We anticipate a flood of new listings to hit the Boulder real estate market between now and next week. Accordingly, 4894 Curie Court is back on the market. For buyers seeking house-like functionality, a great location, and lock and leave lifestyle - it's a great choice. House Einstein's showing protocol: 1. Showings require approval by the listing agent. No automatic approvals. No "go and show." 2. Only prospective buyers who are ready, willing, and able will be approved. [...]
Bungalow or Pied-à-terre? Covidopportunities [Fresh Listings, Get ‘Em Hot]
As everyone knows, the Chinese word for Crisis is composed of two words; danger and opportunity. This week, we talk about some potential opportunities currently on the Boulder real estate market. If you're a subscriber, check your inbox for our review of the best listings to hit the Boulder real estate market, this week. Why subscribe? Because we can't tell you what we really think about listings unless we do so privately. Learn more and subscribe, HERE. This week, I reviewed the following nine properties in detail: 1755 Deer Valley Rd 842 16th Street 2007 Columbine Ave 4128 Clifton Court [...]
What’s a Square Foot Worth in Downtown Boulder? | 337 Arapahoe #201 [Notable Sales]
337 Arapahoe Ave #201 | $1.15 M Built in the 80's, the Shadow Creek development is nestled against Boulder Creek on the west side of downtown Boulder. The buildings have stood the test of time quite well, with a few obvious signs of deferred maintenance. The primary value driver is the location; it's an easy walk to downtown shops and restaurants, the park, or the creek path. The City Club is just down the street and you can be sipping cocktails with friends on Corrida's spectacular rooftop in minutes. While nearby Eben G. Fine Park is popular with transients and the [...]
Summer Is Here – for Buyers [Boulder Fresh Listings]
Imagine living in a cinematic mountain retreat, with jaw dropping views, surrounded by acres and acres of privacy. You'll find it, as well as other worthy options in this week's fresh listings. It's now peak season. Nearly 200 listings hit the market last week in Boulder. Only 8 made the cut. Market update: Last month, inventory was up +31% YoY for detached single family houses and +29% for attached dwellings in the City of Boulder. In Boulder County, inventory was +19% for single family homes and +46% town homes and condos. When it comes to selection, this is the best year [...]
Reading Tea Leaves [Boulder Sales of Note]
NOTE: This week, Sales of Note launches as a series on its own instead of being a section in our weekly review of new listings. I'll run this as an experiment for a few months and see how it pans out. What makes for a notable sale? In short, notable sales are properties that are representative of a property type, price range, location, or are simply unique enough to justify the spotlight. Sometimes we have inside knowledge of a deal, which justifies its inclusion. Other times we're market observers, staring into the tea leaves and telling the story. Ready? It's [...]
Winter Is NOT Coming [Boulder Fresh Listings]
Come on people, step away from HBO for a moment. We're in the SPRING market! There are over 1,500 listings on the market in Boulder County. Nearly two hundred more hit the market this week, alone. Can you read past the doctored listing photos and Realtor hyperbole? If you're a buyer, what's worth seeing and what should you skip over? Many listings are overpriced, poorly located or in compromised locations. Yet nearly 1 in 5 houses during the 1st quarter sold for more than asking in the City. Once again, it's a tale of two markets. To help guide you, I sifted [...]
Facts + Historic Mapleton Hill + ADUs,+ Newlands + Hidden Upside + More [Boulder Fresh Listings]
You can't make an intelligent decision without knowing the facts. Period. Spring is here and the Boulder real estate season is officially underway. Overall, inventory is up and buyers have more selection now than in the past several years. More sellers are bringing their homes to market and facing stiffer competition. Things could get interesting. Remember, market conditions vary dramatically by price range, property type, and location - down to the neighborhood and street level. The market for a custom home in Table Mesa is not the same as Majestic Heights, despite being separated by a single (albeit busy) street. [...]
Inventory Rises 29% for Condos and Town Homes [Analyze This]
Market update: inventory of townhomes and condos are up 29% year over year. #Boulder #realestate A post shared by HouseEinstein (@house_einstein) on Sep 25, 2017 at 4:19pm 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 subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous [...]
Boulder Townhomes and Condos Under Contract Drops [Analyze This]
Attached dwellings under contract have fallen dramatically. #Boulder #realestate A post shared by HouseEinstein (@house_einstein) on Sep 25, 2017 at 4:17pm 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 subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice [...]
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 [...]
What RE/MAX Isn’t Telling You [Analyze This]
by Osman Parvez ---- It's nice to see data analysis on Boulder real estate conditions in the Daily Camera. Here's what Re/Max and DB aren't telling you: Sales volume for all residential real estate in Boulder during the 2nd quarter fell 14.7% from the year before. How's that possible? Let's roll up our analytical sleeves and take a closer look. It's time for a market update. Take a look at the chart below. Limited inventory continues to drive prices. Inventory of attached dwellings (i.e. town homes, condos, and duplexes) has fallen almost 10% this year. It's 46% below [...]
