Boulder

Boulder Town Home and Condo Update the attached dwelling market in Boulder is slow, but holding steady.

33 condos sold in February up 18% from last year. Single family residences closed only 20 homes last month down from 52 a year ago. Currently there are 488 homes listed in Boulder with 48 under contract. These numbers are down also, but inventory remains low compared to years past.

Louisville single family residences which sold very well last year are down also, only 12 homes closed in February, down 8% from last year. Currently we have 88 listings 19 under contract. The inventory number is down also in the condo market with 36 units listed.

Lafayette inventory is about normal at 138 active listings. 30 single families home have sold in 2009. This is kind of slow for as low as interest rates have been.

Longmont had over 900 listings two years ago seems to have leveled out. Currently there are 483 homes on the market with 72 under contract. The condo market is not a healthy with 156 active listings and only 23 under contract.

When foreclosures do come on the market and if they are priced correctly they get multiple offers the first week. A home was listed for $98,000 and by the end of the week the listing company told me to bid on that home it would take $160,000 to get it. For that home even that price would be worth it because of the square footage and condition of the home. Buyers are out, but they are being very cautious.

Two years ago, Boulder County had hundreds of homes in foreclosures or about to be foreclosed on. Most those foreclosure homes were not located in Boulder City limits. For the most part, the Boulder foreclosures are in the east Boulder county cities of Longmont, Lafayette, and Erie. Today this is not the case. After visiting the web sites of foreclosed homes, there were two homes in Boulder, one of which was under contract. Zero in Louisville, Superior, and Niwot. Lafatyette had three, one of which was under contract. Longmont had the most which was twenty one. Erie has seven, with one under contract.

The Boulder foreclosure process is a very tricky situation because you may be chasing after a home that may or may not be there. Also, the expense of buying a foreclosed home can be substantial and needs to be explained to the buyer before they can write a contract. In doing so, they know going into the foreclosure process what expenses will be incurred. To do this, you need a Boulder agent with experience in foreclosures. I have clients who would be happy to speak with you if you need a recommendation. Please contact me for names and phone numbers.

While most of the country’s real estate market is in a frigid ice box we have two very nice things going on here. First the weather has been so nice with temperatures in the seventies and just below the forties at night. How long will it last? Who knows?

The second thing is our real estate market. It is so hot. It reminds me of the nineties. The Boulder real estate market is on fire…showings are up big time and properties are getting five and six offers at a time. The real estate market’s condition may be due to the low interest rates that have brought the buyers out. Or maybe the new administration, or maybe just the New Year.

Anyway, things are looking up for Boulder’s real estate market and the surrounding area of Louisville, Lafayette, Superior, Niwot, and Longmont.

Whenever I sell a house, my main goal is to work from my heart. What I mean by this is when I talk to my clients about selling a house I try to put their best interest first and work through my heart instead of my brain. Listening to their needs and wants and doing what is needed to complete the transaction while giving my clients the information they need to be comfortable with their decision.

I have found this to be true with my teenage son. If I talk to him from my heart he hears what I say and we communicate. If I talk to him through my mind, he doesn’t hear a word I say. I have fifteen years of selling homes and I’m looking forward to working with you. Thank You. Tom.

The Boulder housing market is truly one of the most unique markets in the United States. Boulder, Colorado housing market actually had a 2% increase in value in 2008 when most of the nation had negative numbers in sales. Part of that is because the number of listings, usually about 500 on the Boulder housing market at any given time, was down to about 350. This is because home owners in the Boulder housing market know that it’s a worldwide market and if they hold onto their investment it will be worth more in the future.

The average single family residence in the Boulder housing market runs about $565,000. The downtown and hill area near the University of Colorado are the most expensive and can run into the millions. Boulder residence are outdoor people, when it snows the parks are full of skiers. Biking, hiking and walking paths run all through the city under streets and into the mountains. Boulder is the best town to live in and raise a family.

Boulder, Colorado is surrounded by over 31,000 acres of recreational open space and nature preserves-a wonderful place for outdoor enthusiasts. Many people enjoy hiking, biking, running, and rock climbing. To learn more about Boulder, please click here.