Boulder Archives - Page 3 of 6 - DUNBAR HARDYDUNBAR HARDY

Category: Boulder (54)

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.

Sep

SOLD – 610 LARAMIE BLVD, BOULDER!

I am pleased to announce the recent successful sale of 610 Laramie Blvd located in the Dakota Ridge Neighborhood of North Boulder. This nice town home built in 2000 features ~2,500 total square feet, 3bd/3.5ba, hardwood floors on main level, stainless steel appliances, attached 2-car garage, high efficiency furnace and central AC. Located literally steps to a new neighborhood community park, and miles of trails and open space literally at the end of the road, this new home and location are already greatly appreciated by the new owners, the Morrisseys. Final sales price was $478,000 with $3,000 seller concessions towards buyer's closing costs at 97% of asking price.

Aug

SOLD – 1484 WICKLOW STREET, BOULDER

I am pleased to announce the successful sale of this lovely home in the Shannon Estates Neighborhood of East Boulder. I acted as a Buyer's agent for first-time home buyers and we have spent the last ~15 months actively pursuing a new home. Whew! 1484 Wicklow Street is a well-cared for 3,900+ finished square foot home (ranch with a large pop-top) on a 14,000+ square foot lot and features 3bd/2ba, 1 car detached garage, nice western mountain views from upstairs deck, and lovely landscaped yard with vegetable garden. This was VERY competitive when it came on the market, and this lovely home & property was purchased for $498,000.

Jul

SOLD – 7629 ABERDEEN WAY, BOULDER!

I am pleased to announce a recent successful sale of a nicely maintained ranch home with full basement in the Heatherwood Neighborhood of Northeast Boulder. Acting as a buyer's agent for a very sweet first-time home buying couple, we were the first showing the day the property went on the market and wrote an offer within 2 hours of completing our showing! 7629 Aberdeen Way was ~2,000+ sq ft, 4bd, 2ba, 2 car garage with a great backyard that sold for $325,000. I wish my clients well, as they settle into their first-home together....

Jun

NEW LISTING – 888 ALASKA ROAD, BOULDER – 4.42 ACRES

I am pleased to announce a new vacant land listing of 4.42 acres ~25 minutes above downtown Boulder. Located off of Four-mile Canyon, 888 Alaska Road is the Old Concordia Mining Claim and features mostly evergreen trees, small granite rock outcroppings, and views on top of the property to the north & south. This is a nice close-in mountain property that could be developed/built-to-suit a buyers wishes looking for quiet & mountain views of the foothills and plains. List Price - $69,000. For additional information CLICK HERE!

Jun

SOLD – 2201 PEARL STREET #309, BOULDER

I am pleased to announce the successful sale of this top floor condo (~880 sq ft 1bd/1ba w/loft) in Whittier Square located at 2201 Pearl Street #309 - literally in the heart of downtown Boulder. I represented the seller in this transaction and was also able to secure a buyer for the property. After ~1 week of negotiating, we were under contract with an agreed offer to purchase in ~10 days on the market and successful closed with a local lender providing financing. Small world story on this transaction, the buyer literally used to own a unit directly underneath this top-floor unit ~10 years ago and is now re-locating back to Boulder from back East, ha! Final Sales Price - $247,860.

May

SOLD – 3167 BROADWAY, BOULDER

I am pleased to announce a successful sale of this mid-century-esque bungalow in the Newlands Neighborhood of North Boulder. I was a seller's agent in this transaction. This was a 3bd/2ba ~1,750 sq ft house on a ~6,250 sq ft lot, oversized large 2-car garage, living room fireplace, high efficiency forced air furnace, central AC, also with some definite challenges due to the busy road location. However, a very nice family successfully sold their house in order to purchase this property. Final sales price - $468,000.

3167 Broadway Street, Boulder - SOLD!

Apr

2012 1ST QUARTER SALES STATISTICS – BOULDER COUNTY

Happy Spring Season! With the end of the 1st Quarter of 2012 already behind us, the market is literally taking off and roaring into the Summer Season! Gathering 2012 1st Quarter Sales Statistics, I have been able to put together a 4-year 1st Quarter (2009 - 2012) comparison to show "how's our market doing" right now. Buckle up, as we could be in for a BIG 2012!

In summary, sales are noticeably increased in the 1st Quarter (compared to 2011) throughout all of Boulder County, with Boulder and Longmont Sold homes specifically seeing 4-year highs. This increase in Solds is coupled with a 4-year low in the amount of available properties for sale in some markets within Boulder County. This dynamic has created is a bit of a "frenzy" with multiple offers on well-priced new properties placed on the market, and some properties even selling above their asking price. Boulder homes specifically saw a 4-year high in Median Sold Prices, with increases in Median Sold Prices of homes throughout almost all Boulder County communities. Buyers need to act quickly in pursuing new properties on the market. While sellers accurately pricing their homes when placing them on the market, can expect a busy 2nd Quarter of the year.

The market is busier than it has been over the last 4-years, and there is some good positive momentum going into Summer. We will see how Boulder County keeps going into the 2nd Quarter of the year…

Quantity of Homes Sold:

Sales are Up! Houses specifically in Boulder And Longmont saw 4-year highs in Solds for the 1st Quarter of 2012. There were increased homes sold in Broomfield, Lafayette, and Superior, while Boulder, Lafayette, and Superior condos/townhomes also saw an increase in Solds when compared to 1st Quarter 2011. All of these increased Sold volume in these markets throughout Boulder County are perhaps the most encouraging signs I am holding onto as we look at a "good" 2012!

Average Inventory:

Thin! That is the phrase for limited new inventory on the market throughout the 1st quarter of 2012. The 1st Quarter is historically a slow time of year for properties coming onto the market, but 2012 saw a 4-year low in terms of available homes for sale throughout all of Boulder County. The most significant declines in available inventory were houses specifically in Boulder and Longmont along with condos/townhomes in Boulder. This limited supply has created a demand in these specific markets as we now go into the 2nd Quarter of 2012.

Days to Contract:

The 1st Quarter of the year typically has slower traffic, as there are more buyers shopping for homes in the later Spring/Summer months, so 1st Quarter Days on Market typically are longer than most other quarters of the year. Of the homes that did sell in the 1st Quarter 2012, there were actual decreases in the Days on Market in for homes in Broomfield, Erie, Lafayette, and Superior along with condos/townhomes in Erie, Lafayette, Longmont, Louisville, and Superior when compared to 2011. There were increased Days on Market specifically for Boulder homes and condos/townhomes, as well as Broomfield condos/townhomes.

Average Sold Price:

Boulder proper specifically holds its place as the highest real estate values throughout Boulder County, followed by the Plains, which is considered to be larger properties/acreage of ranches and/or some unincorporated parts of the county. There was a ever-so slight decrease in the Average Sold Price of Boulder homes for the 1st Quarter of Solds in 2012, while there was a slight increase in the Average Sold Prices of Boulder condos/townhomes. Overall there were flat to slight increases in Average Sold Prices were seen in homes in Broomfield, Erie, Lafayette, Longmont, Louisville, and even in the Mountains for the 1st Quarter 2012.

Median Sold Price:

One of statistics out of the 1st Quarter Solds in 2012 that caused pause, was a very notable 4-year high in the Median Sold Prices of Boulder homes to $600,000+. This was pushed upward because of some discounted upper-end homes finally finding buyers and getting some great-valued large deals done. Boulder was not alone in this increase in Median Sold Prices, as homes in Broomfield, Erie, Lafayette, and Louisville also saw notable increases. In the condo/townhome world, there were slight increases (when compared to 2011) in Median Sold Prices specifically within Boulder, Lafayette, and Longmont markets.

Apr

SOLD – 4542 SPRUCEDALE PLACE, BOULDER – NEW-BUILT!!

I am pleased to announce the successful sale of 4542 Sprucedale Place located in the new Northfield Village of North Boulder. This brand new home featured 3bd/2.5ba ~2,400 finished sq ft with a main level master bedroom and an attached 2-car garage. Built by Coast to Coast Development, this Energy-Star rated home featured a high-efficiency furnace, double pane low E-glass windows throughout, low VOC paint, water-based hardwood floors, and blown-in insulation. The home came in with a 56 HERS rating (Home Energy Rating System). This home and its features will be a perfect fit for my clients who were looking for a low maintenance, easy floor lag, lock & leave type property plus they received a 1-year builder's warranty! Final Sales price was $679,000.

Apr

NEW LISTING – 2201 PEARL STREET #309, BOULDER

I am pleased to announce this newly listed top-floor condo for sale located on the East End of Pearl Street in the heart of Downtown Boulder. This 1bd/1ba + loft condo features saltillo tile floors, vaulted ceiling, living room fireplace, stacked Bosch washer/dryer. Also features south & north decks with mountain views, as well as underground parking and additional storage. List Price - $262,000 For additional information CLICK HERE!