What’s New at House Einstein – Dec 5, 2021
Note: The following was published as the introduction to the latest Fresh Listings Newsletter, a review of the most interesting new listings and notable sales in Boulder, Denver, and surrounding areas.What's New at House Einstein?We had four closings this past week, with deals in Denver, Westminster, and Boulder. After multiple offers, our listing on Chinook, the one with the two-story indoor waterfall, closed at nearly $375K over the list price. Credit for that goes to the seller for trusting our advice in how to prepare and market the home. I also want to thank the entire House Einstein team for their support throughout the process [...]
Autumn is Cooling, So is the Market [Market Update]
Note: The following analysis was published in the latest edition of Fresh Listings, our regular newsletter to our clients, prospective clients, and colleagues. Click HERE to sign up.It's not just the weather getting colder. The market is finally showing signs of seasonal cooling. In both Boulder and Denver, pending sales were still well above average last month but trending lower than last year's frenzied pace. The exception was for condos and townhomes in Denver, where pending sales were up 16% YoY last month and are currently tracking 50% above average. Sold price data shows a similar pattern, across the board. Prices were [...]
What’s Happening in Boulder Real Estate?
You've probably heard. We're in a challenging real estate market. Yet, despite the hyperbolic news, it's NOT all craziness. Many of House Einstein's recent buyers have successfully locked down stellar properties without overpaying. Admittedly, a few others continue to struggle, especially those shopping for entry-level detached houses. We'll help them get there, eventually. Perhaps this will surprise you, but sellers are also struggling to make the call. The question: is it smarter to sell into a current hot market, and liquidate capital for other needs, or hold and see if prices keep marching upward? Several of our past clients have confided [...]
This Crazy Market [Market Update]
The current real estate market is extreme. At House Einstein, we've known this since things opened up after the Covid lockdown. We're market participants. As Realtors, we directly advise buyers and sellers through the real estate transaction process and serve clients from Denver to Fort Collins. First quarter data is now in. Rather than share typical Realtor anecdotes (and hyperbole), let's take a deep dive into the data. As my momma used to say, facts don't lie. The chart above shows the distribution of premium (or discount) paid for single family home transactions vs. the list price. The blue dots represent 1Q20. [...]
Bidding Wars Everywhere? Guess Again [Market Update]
Word on the street is that EVERY listing is getting a bidding war and homes are just flying off the market! Surely, you've heard? Well, not exactly. A small portion of listings are attracting multiple offers and seeing prices far exceed the list price. In Boulder, for example, there have been over 300 sales since the beginning of the year. 33% sold for more than asking, 16% sold for the asking price, and 51% actually sold for a discount. That's right. The majority of listings sold for a discount. These are the facts. [data updated 3/13/21]That's not to say that it's not a [...]
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, [...]
Boulder Market Plunges [Analyze This]
First things, first. Our job is to help you see through the usual Realtor smoke and mirrors, tell you what's really happening, and help you make a better real estate decision. Straight talk, detailed analysis, and comprehensive service are our competitive advantages. It's why our clients love us. Unlike many real estate brokerages, we're not cheerleaders. We track and analyze the market because it's the best way to advise our buyers and sellers. That's how this blog got started in 2005. It's still what we do today. If you want our take on the latest listings to hit the market and [...]
What Happened to New Listings Last Month? [Video]
Is the market dead? Far from it. It's not even mostly dead. Surprise! Activity at the lower end of the market remained robust during the past two weeks. Here's the analysis... 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 about Boulder real estate. His work has also appeared in many other blogs about Boulder as [...]
Boulder Market Update – March 23, 2020 [Analyze This]
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 about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. For more information, click HERE. Fresh Listings | Our review of the most compelling new listings to hit the [...]
Boulder Market Update – March 20, 2020 [Analyze This]
A quick video update on market conditions related to the Coronavirus. 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 about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. For more information, click HERE. Fresh Listings | [...]
Denver Pending Sales SPIKE [Metro Market Update]
The ReColorado (the Denver area MLS) just released an analysis of market conditions for the Denver Metro. Check it out. Their analysis is inline with the increased market activity we're seeing Boulder County. Inventory, sales volume (+9%), and pending sales (+25%) are all up. Keep in mind that this analysis is a high altitude view. Market conditions always vary by price range, property type, and location - down to the street level. If you want actionable information about your unique real estate situation, contact your House Einstein Realtor (Why Us?). Osman Parvez is the Founder and Employing Broker of House Einstein. [...]
Boulder Pending Sales SPIKE [Market Update]
A video update for the latest market conditions and historic absorption rate for Boulder real estate. For more detail, read The Best Time to Sell Your House. 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 about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, [...]
Market Update | December 2019 [VIDEO]
--- by Osman Parvez Enjoy the new video update below! -Osman ---- ---- 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 estate. ----
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 [...]
