January Starts with a Bang [Fresh Listings, Get ‘Em Hot]
It’s mid-January. As usual, inventory has started to rise. Are you ready to see some houses? This week's fresh listings include high-end luxury homes, curious investment opportunities, and swanky condos with protected views. There were over 60 new listings that hit the Boulder area market. We’ve culled the bad locations, re-freshed old listings, and otherwise uninteresting properties. Here's what's worth seeing. To schedule a private showing, which includes a discussion of valuation, negotiation strategy, market and price trends, call Osman at 303.746.6896. Fresh Listings Boulder 2299 4th Street | $6.25MM | More Details Built in '12, this stunning home is minutes from [...]
T’is the Season for a New Home? [Fresh Listings, Get ‘Em Hot]
Ready to cuddle up with that special someone next to the roaring fire? Before you get too deep into the eggnog, let's take a look at recent notable sales and fresh listings to hit the market this weekend. Maybe you'll find a new home in your stocking. As usual, I've sifted through the most recent listings in Boulder and surrounding areas to bring you property worth considering. I've also included a discussion of notable sales to help educate you on market conditions. Remember: Intelligent real estate investments are based on deep market knowledge. As for me, I'm heading into the mountains [...]
Santa is On His Way [Fresh Listings, Get ‘Em Hot]
T'was the week before Christmas, and all through the Boulder market, most listings were selling... but some were not. As usual for this time of year, sellers are pulling stale listings off the market. 73 have been removed in Boulder County so far this month. More will follow. For buyers, expired and withdrawn listings are a rich source of potential deals. Typically, these sellers are frustrated and often disappointed with their Realtors. It's a good time to for savvy buyers to swoop-in and negotiate a deal. If you're home shopping, my advice is to leave no stone unturned. I've already [...]
Boulder Real Estate Enters Autumn Strong (But It’s Still Bargain Season).
by Osman Parvez ---- Are you ready for another update on real estate conditions in Boulder? Let's take a look at inventory. The chart above shows total inventory for stand alone houses (blue) and attached dwellings (red) within the City of Boulder. The typical seasonal pattern is present, with inventory having reached its peak towards the end of summer. Total inventory trended slightly higher for houses this year and somewhat lower for condos and townhomes. This chart shows the breakdown between available houses (dark blue) and those under contract (light blue). Although a fair portion of under contract deals terminate [...]
Boulder Real Estate Bargain Shopping? The Time is Now [Inventory Analysis]
by Osman Parvez ---- I just completed my inventory update for the week. The Boulder real estate market is doing interesting things, but there were no big surprises. Let's look at the data. Note: The analysis below is for detached houses in the City of Boulder. If you're looking for an analysis of market conditions for condos or townhomes, call me. If you want to see market conditions for specific properties or neighborhoods in Longmont, Lafayette, Niwot, Superior, or other areas in Boulder - again, call me. Contact information is at the bottom of the post. The orange line in [...]
The Autumn Real Estate Market Begins [Fresh Listings, Get ‘Em Hot]
Just like that, the summer selling season has come to a close. The kids are back at CU. There's a whiff of autumn in the air... and once hopeful, doe-eyed sellers, convinced to overprice their property by overzealous agents, are now starting to offer steep discounts. There were four +$100K price reductions in Boulder this week alone (link). Negotiation is one of my favorite parts of this business. I've always been able to help buyers obtain the largest negotiated discounts during the late 3rd and early 4th quarters of the year. I expect this year will be no different. [...]
The Market’s Peaked. Now What? [Analyze This]
by Osman Parvez ---- I've heard the question from buyers. I've heard it from potential sellers. Has the Boulder real estate market peaked? Is now a good time to buy (or sell)? I prefer to let data answer the question. No hand waving. No Realtor happy talk. Remember: Intelligent real estate decisions are based on a deep understanding of market conditions. ---- Inventory, Absorption, and Sales Volume This morning, I analyzed the most recent market data for Boulder real estate. Let's take a look at the numbers. The chart above shows total inventory of houses in 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 [...]
Boulder Town Home and Condo Inventory Analysis [Market Update]
by Osman Parvez ---- Available inventory of attached dwellings has more than doubled since the end of March, but remains low by historical standards. The number of under contract properties has increased by 85.5% for the same time period. 61% of inventory is currently under contract. ---- 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 [...]
Boulder Inventory up 32%, Absorption Drops [Analyze This]
by Osman Parvez ---- Boulder house inventory is up 32% since the end of March. Pending and under contract are up 18.2%. Peak absorption this year was reached in the middle of May. Read Summer is Over for more details. ---- 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 [...]
For Boulder Real Estate, Summer is OVER [Analyze This]
by Osman Parvez ---- Summer officially began last week, but it looks like it's already peaked for the Boulder real estate market. Remember, intelligent real estate decisions are based on a deep understanding of market conditions. Let's take a look at inventory in Boulder. The chart above shows the number of detached, single family houses on the market in the City of Boulder over the past year. The blue line represents available inventory, not under contract. The orange line is property that is currently under contract or about to go under contract with a buyer (active/backup or pending, for [...]
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 [...]
Historic Chautauqua and More [Fresh Listings, Get ‘Em Hot]
Ready to take a walk through the latest available homes? Here is what's worth seeing in Boulder real estate this weekend. To schedule a private showing, which includes a discussion of valuation and price trends, call Osman at 303.746.6896. Boulder 1527 Pine Street | $2,450,000 | More Details A large pre-war Victorian with classic lines, in a prime location within the Historic District. Hasn’t traded hands in more than a decade. No garage and a small lot are potential issues. Due diligence: Your house search and negotiation strategy should reflect growing inventory supply above $2MM. 2424 6th Street | $2,300,000 | More Details Another gorgeous [...]
Some of the Best Locations in Boulder [Fresh Listings, Get ‘Em Hot]
Miss us the last few weeks? I was on a business and pleasure trip to Japan (blog posts coming soon). Now I'm back and have sifted through all the recent listings. Here's what's worth seeing this weekend in Boulder area real estate. To schedule a private showing, including a discussion of valuation and negotiation strategy, call Osman at 303.746.6896. Boulder 34 Boulder View Lane | $6,000,000 | More Details A spectacular perch in Pine Brook, built around the views. Has it gained $1.9MM in 6 years? You’ve got to see it to make the call. 2035 95th Street | $2,995,000 | More Details A [...]
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 [...]
