Dunbar Hardy Archives - Page 3 of 3 - DUNBAR HARDYDUNBAR HARDY

Category: Dunbar Hardy (27)

Aug

SOLD – 636 VIRGINIA STREET, GOLDEN

This nice ranch home located below North Table Mountain in Golden just successfully sold. It went under contract in 6 days and sold in a total of 30 days (with a loan) at 96.5% of the list price with a final sales price of $259,500. Due to limited available inventory in Golden, it was not surprising that this property sold so fast, especially since it was priced within the range of the comparable properties sold data. Pleased to have represented the sellers on this successful transaction. On to the next one....

636 Virginia Street, Golden - SOLD

Jul

2ND QUARTER 2011 BOULDER COUNTY SALES STATISTICS

Overview - Happy Summer! I hope you are doing well and I will attempt to answer the recurring question, "how's the market doing?" In an attempt to have an accurate perspective of current market trends from the 2nd Quarter of 2011, I have put together the last 3 years of 2nd quarter sales statistics to see how we really are doing right now throughout all Boulder County communities. Again, it is worth noting that throughout 2010 there was a Federal Tax Credit for 1st-time Homebuyers which drove a significant portion of transactions last year. So in a sense 2011 sales figures are not all affected by a Federal Tax Credit and the government, so we have a return to "normal" market conditions. In summary, things are indeed selling and values are largely holding overall (other than in the Mountains), but they are just taking longer to get to the closing table. Avg Inventory

Avg Inventory - We have seen steady high levels of inventory in Boulder single family homes & condos/townhomes, as well as Longmont single family homes over the 2nd quarter of the last 2 years. So in summary, there truly has been more on the market for sale and the amount of inventory will take awhile to be absorbed, which truly makes these specific areas a "buyer's market." We can also anticipate a decrease in inventory as we go into the 3rd quarter as some of this inventory will be purchased, others will come off market (Withdrawn), but mainly the peak sales season will be behind us going into Fall.

Days to Contract

Days to Contract - At the completion of the 2nd quarter of 2011 we have had a noticeable increase in Average Days to Contract on Boulder single family homes. Yes, Boulder houses are selling, but they are taking longer - Averaging ~90 Days of Market up from ~60 Days on Market 2nd quarter of 2010. Noticeable is also a steady trend line of Boulder condos/townhomes taking ~120 Days on Market. There have also been increases of Days on Market in 2nd Quarter 2011 vs. 2010 specifically in Broomfield (homes & condos), Lafayette (homes), Longmont (homes & condos), Louisville (homes), Superior (homes), and Mountain (homes). Nothing is really selling "fast" in Boulder County!

Median Sold Price

Median Sold Price - There is a consistent median value of Boulder homes over the 2nd quarter of the last 3 years running (~$550,000), also with noticeable increases in median values of Boulder condos, Lafayette homes, Superior condos, and Plains homes & condos. There is a very noticeable decrease in median values of Mountain homes, as well as "softening" of Superior home prices, Erie and Lafayette condo properties.

Avg Sold Price

Avg Sold Price - There is also a fairly consistent trend of Average Sold Prices for Boulder homes (~$650,000) and a slight increase in Boulder condos (~$325,000). We are also seeing some large properties out on the Plains sell with Average Sold Prices holding ~$600,000. Most communities have remained fairly consistent over this time period, however there are noticeable decreases in average sold prices of Mountain homes, Erie condos, Lafayette condos, and Louisville condos.

Quantity of Homes Sold

Quantity of Homes Sold - At the completion of the 2nd quarter of 2011, we have seen steady sales occur in Boulder (~225), Broomfield and Superior homes, but noticeable decreases in sales of Boulder condos (~160) compared to 2010 (tax credit influenced?) and Longmont homes & condos. We can anticipate further steady sales going into the 3rd quarter, as 2nd & 3rd quarter see the majority of sales activity when compared to the rest of the year. Properties are indeed selling and values are largely holding steady other than Mountain properties primarily.

Jul

NEW LISTING – 3167 BROADWAY, BOULDER

Newlands Neighborhood Property For Sale! Charming Mid-Century Bungalow w/Mother-in-Law Suite! Main Level Hardwood Floors, Living Room Fireplace, Archways. Located in North Boulder directly across from the North Boulder Recreation Center & other Close-by Amenities such as North Boulder Park & Mt. Sanitas. This is a 3BD/2BA ~1,700 Sq Ft w/Detached Oversized 2-Car Garage on a ~6,250 sq ft lot. List Price - $489,000

To view more info on this property Click Here.

Jun

SOLD – 2310 JASPER COURT, BOULDER

QUIET PARKSIDE NEIGHBORHOOD in NORTH BOULDER! This 3BD/2BA 1,328 SQ FT End-Unit Townhome just came onto the market. This property lives very much like a detached home with a very nominal annual HOA fee. Features: Master Suite w/3/4 Bath & Walk-in Closet, Updated Kitchen, Updated Windows, 2 Quiet Outdoor Patios, Fireplace, Oversized Garage, Park-Like Setting w/Next Door Park & Close-by Amenities. List Price - $389,000

For additional property information click here.

May

NEW PRICE – 1863 TANSY PLACE, BOULDER

GREAT VALUE FOR NEWER BUILT HOME IN NORTH BOULDER! MOVE-IN READY! Built in 2007 - 3,798 total square feet/2,544 finished square feet - 3 Bedrooms/2.5 Bath w/2-Car Attached Garage, Granite Counter Tops, Stainless Steel Appliances, Double-Sided Gas Fireplace, High-Efficiency Forced Air Furnaces, Central AC, High-Ceilied Unfinished Basement w/Rough-in, Xeriscaped Lot on Sprinkler System. List Price - $535,000 FOR ADDITIONAL INFORMATION CLICK HERE!

1863 Tansy Place, Boulder

Apr

1ST QUARTER 2011 – BOULDER COUNTY STATS

Here we are going into the "busy season" of Spring & Summer with an anticipated increase in inventory and of successful transactions in the 2nd & 3rd quarters. Before the "busy-ness" of Spring/Summer overtakes us, I just received the 1st Quarter Sales Statistics of Boulder County and these are worth reviewing to see how exactly 2011 is shaping up in comparison to the 1st Quarter of 2010.

Quantity of Homes Sold (1st Q 2011 vs. 2011) Most areas of Boulder County saw less sales overall, with the most significant drop-off in Boulder itself in both single family homes & condos/townhomes. A few increased number of sales occurred in Louisville single family homes and all types of properties on the Plains.

Average Sold Price (1st Q 2011 vs. 2010) Sales Prices overall were relatively stable with increases in single family homes in Boulder, Lafayette, Superior, and the Plains. There were very nominal increases in condo/townhomes sales only in Longmont and Louisville.

Median Sold Price (1st Q 2011 vs. 2010)

The median pricing of 1st quarter sales for single family homes stayed fairly consistent, with increases only in Superior and the Plains. Condos/townhomes saw increases in median pricing in Broomfield, Louisville and Superior.

Average Days to Contract (1st Q 2011 vs. 2010) 1st quarter is typically a slow time of year, however there was a decrease in the days on market-to-contract for single family homes in Boulder, Erie and Longmont. Condos/Townhomes saw a notable decrease in days-to-contract in Boulder, Louisville and Superior.

Summary

We have been a bit sluggish to start the year so far, but new inventory is coming onto the market every day. With well-priced properties for sale in this "peak market" time of year, average days on market tend to decrease and the number of solds tend to increase. The real question remains "at what value will these sales occur?" Market value will always be determined by what qualified buyers can & will successfully pay for properties. The "market value" trends are what I will monitor on a daily basis this time of year...

To download 2011 1st Quarter Boulder County Sales Statistics click here.

Feb

A STARTING POINT

After the last few years of full-time work as a Realtor in challenging economic conditions, I found myself repeating many tasks from client to client, but also being asked somewhat similar questions. I also come across numerous pieces of information & articles that capture why it is so special to live here in Boulder County. In an attempt to spread some news/insight/gossip and decipher the oft-repeated question "How's the Market?" to a new person I meet who finds out I'm a Realtor, I am now taking it to the cyber streets so to speak. More so, there seems to be a growing need for me to add-value to folks out there who are passively and actively purchasing or selling Boulder County real estate. It is my full-time "on the front lines" role as a Realtor to add insight and perspective along the way as a property is coming soon onto the market to being active on the market to successfully getting sold. In this path, there are some trends and insights we can share as we look at monthly/quarterly/annual sales of the local market. I will also attempt to give some insights on currents events/local news and regulations that may affect the real estate whether "good" or "bad". So with this intro, let's go forth and look more closely at what is occurring in Boulder County and learn together... Dunbar Hardy Broker Associate, EcoBroker, GREEN, GRI, ABR Walnut Realty, Inc. c - 303-859-7922 Dunbar@DunbarHardy.com www.DunbarHardy.com