A Detailed Analysis of Real Estate in Louisville, CO [Market Update]
by Osman Parvez Think the Boulder real estate market is intense? Check out Louisville. Note: This analysis is an overview of market conditions in Louisville, CO. If you're buying or selling, it's important to understand the market relative to your specific price range, property type, and location. Make a smarter real estate decision. Call me to schedule a confidential discussion on your unique situation. ph: 303.746.6896 My previous analysis was in March. Here's an update. Louisville continues to experience strong sales volume despite record low inventory. Last summer, I helped buyers compete in frenzied bidding wars and win [...]
Boulder Inventory Shortage Deepens
by Osman Parvez Talking to a reporter about the inventory shortage in Boulder, I realized it might be helpful to put together a clearer chart. The following shows September inventory compared to the long term average for both houses and attached dwellings (condos and town homes). Since it covers 8 years of data, you could consider the long term average "normal." Inventory of houses is about 51% of normal for this time of year. For town homes and condos, inventory is only 40% of normal. If these percentages were the spring snowpack, meterologists would be predicting a [...]
Happy Days for Boulder Real Estate Sellers [Market Analysis]
by Osman Parvez Sad news for buyers of condos and town homes. The market isn't getting any better. In the past, I've been able to negotiate the biggest discounts for my buyers during the 4th quarter. That's unlikely this year. Boulder Seller Ooh, but Happy Days are Here Again if you're a seller. The market is setting records for low inventory even as sales volume remains well above average levels. There should be no problem selling your unit quickly - assuming your agent has priced right, staged, and marketed it well. The following analysis is for [...]
Boulder Pending Sales Analysis [Market Update]
by Osman Parvez It's early October. After a scorching hot summer and the horrific flooding in September, you'd think the market would dramatically slow. Guess again. My latest analysis shows that pending home sales in the City of Boulder are continuing at a surprisingly strong rate. Although the full impact of September's floods have yet to be felt, the Boulder real estate market appears to have shrugged off rising rates. Yes, things has cooled slightly, but far less than I would have expected for this time of year. In other words, on a seasonally adjusted basis, the market remains very [...]
Pending Sales and Inventory Availability [Market Update]
by Osman Parvez Here's a quick look at pending sales and inventory availability across Boulder County. The key metric: Percent of inventory currently under contract. The chart above shows inventory of homes under contract with a buyer for Boulder, Boulder Attached Dwellings (town homes and condos), Longmont, Superior, Louisville, and Lafayette. Perhaps a surprise to many, Boulder has 40% under contract; less than adjacent markets. Louisville is leading the region with 61% under contract. If you're a buyer, flip that around. Boulder has more available inventory than any other local [...]
Inventory Shortage in Detail [Market Update]
by Osman Parvez Taking a breather from the bidding wars and tense negotiations that have characterized the last few months, let me show you what's happening in the current market. The chart below is for monthly inventory compared to the 5 year average for Boulder, Erie, Lafayette, Longmont, Louisville, and Superior. It covers the five months of the year (i.e. year to date). I don't normally put this much data onto one chart because it gets a little busy. In this case it's important to see how the shortage hasn't changed much in most local markets. [...]
Showings for the Weekend? [Listings]
by Osman Parvez Yay! The weekend is upon us and there is a pile of new inventory. What's worth seeing? Let's walk through it. A quick search of the MLS shows 24 new listings hitting the Boulder market since Monday. I removed 13 of those listings because they're either refreshed old inventory or spec projects (i.e. imaginary houses). That leaves 11 worth your consideration for this weekend's showing schedule. I think 8 are worth a look. Let's take a closer look (all the listings). Ready for showings? Let me take you to see these properties this weekend. Call me at [...]
Louisville, Get it Hot [Listings]
by Osman Parvez If you're shopping for real estate in Louisville right now, take a peek at this house. I was at this listing earlier today to take preview photos for a client. It appears they are going to pass on it, so I'm sharing it with you on the blog. As you should already know, the real estate market is extremely active. 37% of inventory in Louisville is currently under contract, which is absurdly high for January! Let's be honest. At least half of inventory at any given point is probably not worth considering (unfixable layout [...]
The Patron Saint of Real Estate? [Listings, Not So Hot]
by Osman Parvez --- I was wandering around Grand Rabbits in Boulder the other day, shopping for my niece and nephew's presents, when I came across this little gem. Take a look.... That's right. For only $5.99, you can have your very own Patron Saint of Real Estate. I suppose, if you're having trouble selling your house it certainly can't hurt to appeal to a divine power. In addition, you might consider calling a seasoned and experienced Realtor with a proven track record. You know, just saying... Anyway, since we're on this topic, let's look at a few listings [...]
Listings Worth Checking Out
by Osman Parvez In Boulder, inventory of available houses begins to build in January. As selection grows, more buyers also enter the market and competition for the most desirable houses is likely. It's important to pay attention. This morning, I sifted through the new listings in Boulder. I removed the obvious dogs (bad locations or other problems) and came up with a few worth a visit. I'll be scheduling previews for the weekend (assuming no forecast powder). Call me if you'd like to tag along. 303.746.6896. Remember, the only way to feel confident about the offer you're making is [...]
