Boulder County Archives - DUNBAR HARDYDUNBAR HARDY

Category: Boulder County (29)

Mar

SOLD – 296 CANYONSIDE DRIVE, BOULDER

Pleased to announce a successful sale of this super sunny close-in mountain home just above downtown Boulder. Literally ~5 minutes drive just up Boulder Canyon, this ~1,800 sq ft home set on 1 acre with south-facing exposure received multiple offers, and successfully closed last week after only 46 days on the market. The seller put this home on the market for the first-time ever in 30+ years and re-located to downtown Boulder living, while the buyers are re-locating from back east. Final sales price - $450,000

Jan

2013 Year-end BOULDER COUNTY SALES STATISTICS

Happy New Year!

I hope that this New Year has started well for you. I am wishing everyone in Boulder County affected by the floods form last Fall continued strength and support in recovery. In trying to dive into this new year with the increasing speed of the real estate market already this year, it is worth looking closely at how 2013 ended and what we can anticipate for 2014...

In summary, throughout all of Boulder County more properties sold in 2013 vs. 2012 and with less inventory for sale overall properties sold MUCH faster. There is also a noticeable increase in median sold prices across all Boulder County communities. Professionally, my own sales volume increased ~65% increase from year-end 2013 vs. 2012. It was a good year last year, and with one successful closing already this year 2014 looks to be even better!

Currently, as we are into the 1st quarter of this new year the major theme in the Boulder County real estate market is VERY limited inventory/properties for sale. So for owners, this can be a great time to sell your property. Interest rates for qualified buyers are still experiencing lows. Limited supply coupled with affordable financing means it will be a very busy or fast-paced year as I anticipate continued increases in sold values along with decreasing days on market for properties.

I sincerely appreciate the trust and confidence you have in me to assist you in successfully buying & selling Boulder County real estate. I am available to support your needs or answer any questions you may have. I am closely watching market statistics and properties on a daily basis to have the most accurate and current information to share. Please keep in touch or refer me to anyone who is looking for a pro-active teammate! Have a good beginning of 2014!

DUNBAR HARDY

A Full-Time Boulder County EcoBroker

To download 2013 YEAR-END BOULDER COUNTY SALES STATISTICS CLICK HERE!

AVERAGE INVENTORY - VERY slim pickins! Boulder County is experiencing ~7+ year lows in available properties for sale. This can clearly be seen in all communities and in both houses & condos/townhomes. 2013 ended with a ~17% decrease in Active properties for sale vs. year-end 2012 (679 vs. 814). Here is a dramatic 3-year trend specifically in Boulder: there were only 233 houses for sale at year's end in 2013 vs. 285 at year's end 2012 and 411 at year's end 2011. As we slip into the spring months and into the 2nd quarter, more properties will indeed be coming onto the market, but 2013 year-end statistics clearly show a steady decrease in properties for sale since 2010 (679 vs. 1,353).

QUANTITY OF HOMES SOLD - More properties sold in 2013 vs. 2012! There are noticeable increases in sold volume in all Boulder County communities. Specifically, single-family homes in Boulder sold were up 4.9% (809 vs. 768) and condos/townhomes sold were up ~20% (725 vs. 635) in Boulder in 2013 vs. 2012. This is positive momentum as we anticipate similar to increased sales volume in 2014 a along as properties come onto the market as we go into spring/early summer.

AVERAGE DAYS TO CONTRACT - Muy rapido! With limited inventory in 2013, the pace of the market picked up and the overall number of days on market noticeably decreased throughout all communities of Boulder County. Specifically for Boulder houses the overall average days on market for 2013 year-end was only 40 days vs. 76 days year-end 2012 and 89 days on market year-end 2011. In summary, this means that properties sold twice as fast in 2013 vs. 2011! Boulder condos dropped dramatically from 100 days on market in 2012 to 53 days on market in 2013!

AVERAGE SOLD PRICE - Gains! 2013 also ended with slight increases in the overall average sold prices throughout all of Boulder County. As a whole the local Boulder County market expanded with a 9.25% increase in the 2013 year-end average price of single-family homes vs. 2012 year-end. Boulder specifically had a 2013 average sold single-family home price of ~$755,500 (highest in the county) compared to ~$664,000 in 2012 vs. Longmont average sold single-family home price of ~$286,000 (lowest in the county) compared to ~$256,000 in 2012. Boulder condos average sold price was ~$320,000 in 2013 vs. ~$311,000 in 2012. Boulder County's average home price is ~$481,500 at year-end 2013.

MEDIAN SOLD PRICE - Values are going up! The true statement of the local market value is looking at the median prices, which is at what value/price did most sales occur. It can be seen that there were overall increases in median sold prices throughout all of Boulder County for 2013 vs. 2012. Specifically in Boulder, single-family homes median sold value in 2013 was ~$635,000 vs. ~$579,000 in 2012. Boulder condos median sold value for 2013 was ~$268,000 vs. ~$253,000 in 2012. Louisville homes 2013 median sold price was ~$425,000 vs. ~$400,000 in 2012. Equity is being gained across almost all communities and property types of Boulder County!

To download Dunbar's 2013 year-end newsletter CLICK HERE!

Jul

2ND QUARTER 2013 BOULDER COUNTY SALES STATISITCS

Happy Mid-Summer! Whew! The heat of summer is upon us, and it has been quite the hectic paced market. Wrapping up the 2^nd quarter and rolling right into the 3^rd quarter, Boulder County real estate is showing some definite positive trends. There are positive signals for increased numbers of successful sales (in both homes & condos/townhomes), a decreasing number of days on market, and noticeable increases in both average and median sold prices. So perhaps the tide is turning a bit, as prices are rising and interest rates on mortgages are increasing. Will these factors slow our local market at all? Regardless, it is apparent that more people are indeed re-locating to Boulder County as there are lower than state-average unemployment rates and lower than average vacancy rates on the rental side of things. Boulder County is indeed an amazing place to live, work and play and our real estate market is showing health and strength once again. I will continue to do all that I can to stay in front of the newest properties on the market and “Coming Soon” properties, as well as continue to monitor local market statistics. Please keep in touch if I can assist with your Boulder County real estate needs.

AVERAGE INVENTORY

AVERAGE INVENTORY - The number of new homes on the market has been very low (very noticeable from 2010 & 2011 highs) and lacking in many price points and locations throughout Boulder County. This one statistic has created multiple offers/bidding wars for new on the market properties within certain price points and neighborhoods. The lack of inventory has also created some very frustrated buyers who wish to buy but have been “losing out”. Right now is the busiest time of year with typically the most properties for sale, and it just feels like “slim pickings” out there still.

QUANTITY OF HOMES SOLD

QUANTITY OF HOMES SOLD - With fewer properties on the market overall, sales volume is still holding strong at the end of 2^nd quarter 2013 and in-line with increased sales from end of 2^nd quarter 2012. For Boulder proper, we have seen ~19% increase in condo/townhome sales (2^nd quarter 2012 vs. 2^nd quarter 2013). Deals are definitely getting done!

DAYS TO CONTRACT

DAYS TO CONTRACT - Not much to sell, but with more selling this means the pace is FAST! Across the board throughout the Boulder County communities in both houses and condos/townhomes the days to contract are seeing dramatic decreases. Boulder houses saw a 52% decrease (67 days to contract in 2^nd quarter 2012 vs. 32 days to contract in 2^nd quarter 2013). Buyer demand is exceeding seller supply and contracts are having to be written cleanly and quickly after typically only 1 showing at a property.

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE - Sales prices are climbing! All over Boulder County we are seeing increases in the Average Sold Prices for both houses and condos/townhomes. Single-family houses in Boulder proper saw some tremendous gains (~21%) in average sold prices 2^nd quarter 2013 up to ~$788,000 vs. 2^nd quarter 2012 at ~$649,000, as more higher priced homes successfully closed. Also worth noting, Louisville houses saw a ~29% increase in average sold prices up to ~$529,000 in 2013 vs. ~$409,000 in 2012.

MEDIAN SOLD PRICE

MEDIAN SOLD PRICE - Values are rising! All Boulder County communities have seen increase in their median sold prices for homes 2^nd quarter 2012 vs. 2^nd quarter 2013. Boulder homes have seen a ~18% increase from ~$560,000 in 2012 vs. ~$663,000 in 2013 and Superior houses have seen a ~21% increase from ~$362,000 in 2012 vs. $$441,000 in 2013.

Jun

MAY 2013 YEAR-TO-DATE BOULDER COUNTY SALES STATISTICS

Well, the most recent stats are in showing what we are feeling - a fast-paced & busy sales season throughout Boulder County! In reviewing May 2013 Year-to-Date (YTD) sales statistics, it shows that the average days on market (DOM) specifically for Boulder homes has decreased 33% ( May 2012 @88 DOM YTD vs. May 2013 @59 DOM YTD). While Boulder homes median sales price has increased 4.5% (May 2012 YTD @$564,812 vs. May 2013 YTD $590,000). The most telling statistic, however, is the 19.5% increase in the number of Boulder homes sold (May 2012 @678 YTD vs. May 2013 @810 YTD). To download May 2013 Boulder County sales statistics: May2013stats

May

SOLD – 888 ALASKA ROAD, BOULDER

Pleased to announce a recent successful sale of 888 Alaska Road up Fourmile Canyon. This ~4.5 acre piece of mountain land featured views to the north and east and was located in close proximity to Betasso Open Space Park with miles of trails nearby. Located ~25 minutes above downtown Boulder, this piece of land will hopefully prove to be a nice future home building site for the new owner.

Mar

SOLD – 809 BASS CIRCLE, LAFAYETTE!

Pleased to announce the successful sale of 809 Bass Circle in the Lafayette Park Neighborhood of Lafayette. I was a buyer's agent representing a sweet first-time home buying couple due to get married later this summer. So they will be starting their lives together in this nice little 3bd/2ba ~1,300 sq ft house w/1 car garage and a nicely landscaped 8,100 sq ft lot. Purchase price was $232,000 with $2,000 in closing costs credit.

Jan

2012 YEAR-END BOULDER COUNTY SALES STATISTICS

Happy New Year! I hope that this New Year has started off well for you. In trying to catch up with the speed of the real estate market already this year, it is worth clarifying exactly what happened in 2012… In summary, throughout all of Boulder County more properties sold in 2012 vs. 2011. Properties sold faster, less inventory was for sale, and median property values saw noticeable increases. Professionally, my own Sold sales volume increased ~71% from year-end 2011 vs. 2012! It was a good year, with very positive momentum as we now charge ahead into 2013. Right now the major theme in the Boulder County real estate market is VERY limited inventory/properties for sale. Interest rates for buyers are still at historic lows, so it truly is a great time to buy. Limited supply coupled with affordability of financing means it will be a very busy or “hustley” year as we anticipate continued increases in sold values and decreased days of the market. I sincerely appreciate the trust and confidence my clients have had in my efforts to assist in successful buying/selling of local real estate. I will continue to do all that I can to stop in front of the market statistics & property-wise, and I sincerely appreciate any referrals. Have a good beginning of 2013!

Average Inventory

Average Inventory - Slim pickins! Boulder County is experiencing ~7 year lows in available properties. This can clearly be seen in all communities and in both houses & condos/townhomes. 2012 ended with a ~27% decrease in Active properties for sale vs. year-end 2011. As we slip into the spring months and into the 2^nd quarter, more will indeed be coming onto the market, but 2012 year-end statistics clearly show a steady decrease in properties for sale.

Quantity of Homes Sold

Quantity of Homes Sold - More properties sold in 2012 vs. 2011! There are noticeable increases sold volume in all Boulder County communities. Specifically, single-family homes sold were up ~24% and condos/townhomes sold were up ~20% over Boulder County in 2012 vs. 2011. This is positive momentum as we anticipate similar to increased sales volume in 2013.

Days to Contract

Days to Contract - Faster! With limited inventory in 2012, the pace of the market picked up and the overall number of days on market noticeably decreased throughout all communities of Boulder County. Specifically the overall average days on market for 2012 year-end was 91 days vs. 156 days year-end 2011 and 189 days on market year-end 2010. In summary, this means that properties sold twice as fast in 2012 vs. 2010!

Average Sold Price

Average Sold Price - Gains! 2012 also ended with slight increases in the overall average sold prices throughout all of Boulder County. As a whole the local Boulder County market expanded with a ~3.5% increase in the 2012 year-end average price of single-family homes vs. 2011 year-end. Boulder specifically had a 2012 average sold single-family home price of ~$668,000 (highest in the county) vs. Longmont average sold single-family home price of ~$245,000 (lowest in the county).

Median Sold Price

Median Sold Price - Here it is… The true statement of the local market value is looking at the median prices, which is at what value/price did most sales occur. It can be seen that there were overall increases in median sold prices throughout all of Boulder County for 2012 vs. 2011. Specifically in Boulder, single-family homes median sold value in 2012 was ~$585,000 vs. ~$565,000 in 2011. Equity is being gained!

Oct

3rd Quarter Boulder County Sales Statistics – 2012

Happy Fall! I made it through the hectic & busy summer sales season. Whew! What a strong year it has been sales volume-wise, and an encouraging end to the 3rd Quarter 2012 for the Boulder County real estate market as a whole. In summary, while looking over a comparison of the last 4 years (2009 - 2012) of our local market, the 2012 3rd Quarter busy summer season can be summarized as follows: "More Sold and it Sold faster while at the very least maintaining its Value." Increases in both Median Sold Prices and the Quantity of Homes Sold are the two VERY encouraging graphs/figures I am monitoring as we now move forward into the 4th Quarter of 2012 and into 2013. I also want to thank all of my clients, as well as other professionals I have worked with so far this year to have a 64% increase in sales volume mid-October 2012 vs. mid-October 2011. This is also is a testament to the strength of the Boulder County real estate market as a whole. I wish everyone a pleasant Fall/Holiday Season!

Average Inventory

Across the board for all property types (single family houses & condos/townhomes) in all communities of Boulder County, there is a noticeable lower amount of properties for sale on the market. Inventory of Boulder homes specifically, shows a steady year-to-year decline over the last 4 years. I have literally been working with numerous buyers who feel like "there is nothing to buy" as they have seen all available inventory with their criteria. This "thin" inventory of properties for sale has led to competing offers as demand has exceeded supply in some price ranges & neighborhoods.

Days to Contract

Almost all Boulder County communities and property types (single family houses & condos/townhomes) saw decreases in the Days on market (from Day 1 on Market to Closing Date) in 2012 vs. 2011. There were only slight increases in Days on Market for the 3rd Quarter 2012 vs. 2011 for Broomfield and Louisville homes only. Boulder houses, specifically, decreased from ~80 Days on Market from 2012 vs. 2011 and averaged less than 60 Days on Market. This is remarkably fast in that most financed purchases will take 30-45 days just to close the loan, which means the "available" time a property is for sale before it goes under contract decreased to ~15-30 days throughout Boulder!

Quantity of Homes Sold

The sales season was upon us for the 3rd Quarter!! This is the true graph that shows a positive upward trend throughout the Boulder County real estate market, as every community and product type (single family houses & condos/townhomes) saw more sales in 2012 vs. 2011. This is worth repeating: every single community in Boulder County sold more in the 3rd Quarter of 2012 vs. 3rd Quarter of 2011. This is VERY encouraging, as we continue to see more buyers successfully purchasing & sellers successfully selling local real estate (even in the Mountains). Let's think positively towards a continued upward trend in this category as we move forward into 2013!

Average Sold Prices

For the 3rd Quarter, the overall Average Sold Prices of local Boulder County properties held, and at the very least was in-line, with the Average Sold Prices of the 3rd Quarter 2012 vs. 2011. The Average Sold Price for Boulder houses sold in the 3rd Quarter specifically was $650,000+, which was in-line with the 3rd Quarter 2011. This "holding of value" in the $600,000 + range means that some expensive Boulder houses were sold for 3rd Quarter 2012! We also saw noticeable increases in Average Sold Prices for Erie houses, as well as houses in the Mountains and Boulder condos/townhomes.

Median Sold Prices

When I truly want to know what "price points" are selling, and what is the trend line doing value-wise for a community, I stare closely at the Median Sold Prices each quarter. Throughout almost all Boulder County communities for the 3rd Quarter we are seeing what is selling increase in price, as Median Prices show slight increases. Boulder houses that Sold in the 3rd Quarter, specifically, show an increase 2012 vs. 2011 in Median Price to ~$565,000, while Boulder condos/townhomes that Sold in the 3rd Quarter, specifically, also saw slight increases 2012 vs. 2011 to ~$255,000.

Oct

SOLD – 157 5TH AVENUE, NIWOT!

I am pleased to announce the successful sale of a house at 157 5th Avenue located in Old town Niwot earlier today! I represented the seller in this transaction, and we perservered together with a sale finally successfully occurring after 122 days on market. This ~2,500 sq ft with 4bd/2.5ba, 2-car garage on a 9,000+ sq ft lot closed today with a final sales price of $369,500.

Aug

2ND QUARTER 2012 BOULDER COUNTY SALES STATISTICS

Happy Late Summer! Tis the Busy Season! With the recent end of the 2nd Quarter of 2012, some themes of our local real estate market can be identified - Limited Inventory & Sales are Up! It has felt, and been, a very busy summer sales season. I personally have experienced a 41% increase in sales volume mid-Agust 2012 vs. mid-August 2011!

SUMMARY

With 4+ year lows in available inventory throughout every community in Boulder County, there truly has been more buyers in the market place ready to buy with little to choose from. So this has created multiple offer scenarios, as well as some properties selling above their asking price in bidding wars. The number of sold properties (both homes & condos/townhomes) is up across the board in all communities of Boulder County. Boulder specifically has seen a verity dramatic 23% increase in the number of sold homes and a 30% increase of sold condos/townhomes for the 2nd quarter of 2012 vs. 2nd quarter 2011.

The local market is still VERY active as we are in the heart of the 3rd Quarter. I am still very committed to finishing off this already BIG year with a strong 3rd & 4th quarters. Please do not hesitate to contact me with any questions you may have with Boulder County Real Estate. Your continued support & referrals are GREATLY appreciated! Have a great late Summer/early Fall.

Quantity of Homes Sold

Quantity of Homes Sold: The local market has been VERY active! The number of sold properties (both homes & condos/townhomes) is up across the board in all communities of Boulder County. Boulder specifically has seen a verity dramatic 23% increase in the number of sold homes and a 30% increase of sold condos/townhomes for the 2nd quarter of 2012 vs. 2nd quarter 2011. It is also worth noting that the 2nd quarter of the year is indeed the heart of the busy selling season, but we experienced the highest number of solds in the last 4+ years.

Average Inventory

Average Inventory: The limited amount of homes & condos/townhomes for sale this year has created a "buyer frenzy" dynamic throughout the 2nd quarter. With 4+ year lows in available inventory throughout every community in Boulder County, there truly has been more buyers in the market place ready to buy with little to choose from. So this has created multiple offer scenarios, as well as some properties selling about their asking price. The terms "hustling & sprinting" have described my role as a buyer's agent when new properties came onto the market.

Days to Contract

Days to Contract: The 2nd Quarter saw an overall downward trend of the total number of days on market (DOM) for properties almost entirely throughout all communities of Boulder County in both homes & condos/townhomes. Boulder-specifcally saw a 26 % decrease in DOM for homes (2Q 2012 67 DOM vs. 2Q 2011 91 DOM) and a 15% decrease in DOM for condos/townhomes (2Q 2012 126 DOM vs. 2Q 2011 107 DOM). Only a few local markets saw an upward trend in the 2nd quarter of 2012 DOM: Mountain Homes (+8%), Broomfield condos/townhomes (+23%) and Superior condos/townhomes (+8%).

Average Sold Price

Average Sold Price: The overall average sold price of Boulder homes dropped slightly at 1% (2Q 2012 $649,785 vs. 2Q 2011 $655,574) and Boulder condos/townhomes dropped 8% (2Q 2012 $304,308 vs. 2Q 2011 $331,908). The only other decreases in average sold prices for the 2nd quarter were seen in Superior (homes 6% decrease & condos/townhomes 28%) while Mountain homes also saw a decrease in the average sold prices. All other Boulder County communities experienced increases (2012 vs. 2011) in the overall average of sold prices for the 2nd quarter.

Median Sold Price

Median Sold Price: The truest insight into the "value" of the local market & trends is to look closely at the Median Sold Prices, at Boulder County homes saw gains for the 2nd Quarter. Boulder homes saw an increase of 5% ($560,000 2Q 2012 vs. $533,000 2Q 2011) while Boulder condos/townhomes saw a decrease of 5% ($259,000 2Q 2012 vs. $273,000 2Q 2011). Other significant observations were as follows: Lafayette homes saw a 23% increase ($373,765 2Q 2012 vs. $302,000 2Q 2011), Mountain Properties saw a 20% increase ($349,500 2Q 2012 vs. $291,300 2Q 2011), while Superior condos/townhomes saw a 39% decrease ($180,000 2Q 2012 vs. $295,000 2Q 2011).