Category: Boulder (54)

Happy Mid-Summer! Whew! The heat of summer is upon us, and it has been quite the hectic paced market. Wrapping up the 2nd quarter and rolling right into the 3rd 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

avg-inventory-Q2-2013

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

qty_sold-Q2-2013

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

DAYS TO CONTRACT

avg-days-Q2-2013

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 2nd quarter 2012 vs. 32 days to contract in 2nd 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

avg-sold-price-Q2-2013

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 2nd quarter 2013 up to ~$788,000 vs. 2nd 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-Q2-2013

MEDIAN SOLD PRICE - Values are rising! All Boulder County communities have seen increase in their median sold prices for homes 2nd quarter 2012 vs. 2nd 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.

Pleased to announce the successful sale of 5445 Centennial Trail located in east Boulder. This lovely well-cared for ranch home featured 3bd/2.5 bath ~2,120 sq ft on a ~10,000+ sq ft lot with a large 2-car attached garage. This property received multiple offers within its first 36 hours on the market for sale, and was contracted after 4 days on the market with an executed back-up offer.  Ultimately this property sold for 102% of its asking price of $565,000. Final sales price was $580,000!

013415719_320x240013415722_320x240013415725_320x240013415718_320x240

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
"The Best of West Pearl Street!" Pleased to announce a new property on the market for sale described as a sanctuary in the heart of downtown Boulder. This extensively re-modeled 5bd/3ba 2,304 sq ft townhome features a sunny south-facing living room overlooking Pearl Street with seasonal Flatirons views. Other features include birch hardwood floors, granite countertops, stainless appliances, Italian cabinets, 2 spa-like re-modeled upper level bathrooms, covered parking all set within a nicely landscaped peaceful gardens/grounds. Asking price $985,000. To view this property CLICK HERE! 737 Pearl St., Boulder737 Pearl St., Boulder737 Pearl St., Boulder
Pleased to announce a successful closing of a lovely downtown Boulder condo at 1941 Pearl Street. This top floor (3rd), quiet end-unit featured 2bd/2ba ~1,200 sq ft with a barrel-vaulted wood ceiling and an updated eat-in kitchen. Without a doubt the "wow" factor of this property was the expansive views from the North (Mount Sanitas) to the South (the Flatirons & Devil's Thumb). This condo is located literally in the bullseye of the East End of Pearl Street with shops, food, coffee, etc literally steps away. Final sales price was $599,000. 

012938560_320x240012944641_320x240

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. 

012940127_320x240012940120_320x240012940132_320x240

Pleased to announce and invite you to an open house I am hosting tomorrow (Sunday 2/17) 12-3pm at 1949 Pearl Street #B. This stylish 2-story townhome is in the heart of the East End of Downtown Boulder with shops & dining literally steps away from the front door! Price reduced yesterday, this 2bd/2ba 1,120 sq ft modern townhome with covered parking built in 2005 is now priced at $579,000. 

698556a

For more info CLICK HERE! 

Pleased to announce the recent successful sale of of a nice little investment condo close to the University of Colorado campus. I had to privilege of representing the investment  property buyers who purchased this 570 sq ft 1bd/1ba condo  for $96,000 at 96% of list price. 3009Madison#I307  

3009 Madison Avenue #307, Boulder

  As a result of these negotiations and purchase price, these investors purchased this property at a 6.8% Cap Rate and monthly positive cashflow of ~$225/month.  To see the overall investment summary of this property CLICK HERE.    
This weekend Historic Boulder is offering a holiday Historic Homes Tour. The 6 homes featured are located in the Mapleton Hill Neighborhood of West Boulder. The weekend's schedule is: Saturday, 12/8 10am - 4pm Sunday, 12/9 11am - 4pm For ticket information & locations  CLICK HERE.  BoulderHistoricHomesTour2012
Patagonia: The Responsible Company What We’ve Learned from Patagonia’s first 40 years  An Evening with Vincent Stanley – VP of Marketing  Last night the downtown Boulder Patagonia store hosted a wise elder of Patagonia, Vincent Stanley, who has recently co-authored a new book with Patagonia founder, Yvon Chouinard, titled Patagonia: The Responsible Company. Speaking with a calm, clear and very ego-less demeanor, Stanley gave an overview of his own 40+ year involvement with Patagonia book-ended by his current position of Vice President of Marketing. As a writer, Stanley and Chouinard’s new title literally expresses an outline for companies to consider in striving for continued consciousness in the delicate dance between caring for customers and caring for the environment. Over the last four decades, Stanley honestly spoke about the continuing learning process the leaders of Patagonia have endured in better understanding the impacts of their own manufacturing processes. “I am a fan of transparency,” stated Stanley, “and it has made a huge difference in this company.” Stanley matter-of-factly stated the unfortunate truth that “most often publically held companies won’t always move towards environmental improvements because it takes longer for a return and it affects the bottom line.” The tension between trying to be a “sustainable” company and yet manufacturing goods with by-products was highlighted in Patagonia’s year-old ad campaign. “Don’t Buy this Jacket” was the title of a full-page ad taken out in the New York Times a year ago featuring the R2 jacket. In an attempt to give customers pause, and the company itself as a whole, the ad tried to outline what are the levels of consumption required (water, electricity, materials, and labor) needed for producing a single garment. When taking this approach and accountability, the inevitable question asked by Stanley was “how then do you judge the success of a campaign like this?” Ultimately seeing that there were neither increases our decreases in the sales of the specific products highlighted in the “Don’t Buy This Jacket” campaign, a status quo could therefore be considered a success while awareness was raised to customers of the true cost of “consumption” of their purchasing power, with this simultaneously being a good reminder for the company. In a glimpse towards the future, Stanley highlighted a few efforts Patagonia continues to make as a company towards its own environmental stewardship and “role model-ness” if you will as a company for others. The Portland, Oregon Patagonia store has created an area within its square footage called “The Second Home” for used Patagonia clothing to be re-sold. Patagonia has also partnered with eBay in a Common Threads program for re-selling used products. Also, every single Patagonia retail store will receive and recycle any old, worn-out Patagonia items that will be re-purposed and re-created into new products. There will be continued publishing at Patagonia Press of the Footprint Chronicles, which outlines their products environmental footprint and impact in the manufacturing process. A significant event affecting the company’s future occurred in 2012, in that Patagonia was classified as a B-Corporation whereas social and environmental values can be written into the business charter. The ultimate highlight of B-Corp status for Patagonia is that when the current owners die the company can’t be sued for not selling to the highest bidder. Patagonia is one of the few companies that truly has acknowledged their own shortcomings. In concluding, Stanley succinctly expressed the sentiment of the company as, “ we ultimately do not want to put a lot of people out of work for striving to be virtuous.”