Neighborhood Archives - DUNBAR HARDYDUNBAR HARDY

Category: Neighborhood (28)

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

NEW LISTING – 1303 ALPINE AVE. #29, BOULDER

Pleased to announce a new top-floor end unit condo for sale in the Old North Neighborhood. This 2bd/1ba 1,088 sq ft condo features an incredibly quiet oasis-like location within the building. Features include a spacious floorplan, living room fireplace, ~100 foot covered south deck, and 2 covered carport parking spaces. Great neighborhood amenities are literally, not kidding, directly across the street! Asking price $349,000. For additional information, CLICK HERE!

Jul

NEW LISTING – 1200 YARMOUTH AVE. #233, BOULDER

Pleased to announce a lovely high-end townhome for sale in the NOBO (North Boulder) Neighborhood. This 2-story townhome features towering south-facing windows and deck with uninterrupted Flatirons & mountain views. This 1bd/1.5ba 1,302 sq ft property features bamboo floors, high-end granite slab kitchen countertops, cherry wood cabinets, central AC, and detached 1-car garage. Live the NOBO lifestyle with this property! Asking Price - $399,000 For more information CLICK HERE!

Jul

SOLD – 5445 CENTENNIAL TRAIL, BOULDER

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!

Jun

NEW LISTING – 737 PEARL STREET, BOULDER

"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!

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.

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).

Aug

SOLD – 185 2ND AVENUE #A, LYONS!

I am pleased to announce the successful sale of 185 2nd Avenue #A located in Lyons Valley Village. I worked on this pleasant (for reals) transaction as a buyer's agent. This south-facing end unit borders open space with great mountain views and trails literally out the backdoor! Built in 2007, this move-in ready townhome featured 3bd/2.5ba ~1,290 sq ft w/1-car detached garage, solar hot water heater, high efficiency furnace w/central AC, skylights, hardwood floors, and stainless steel appliances and washer/dryer. This property was contracted at 28 days on market and closed in 68 days on market total at a final sales price of $320,000 at ~98% value off the list price. Please contact me for additional information on Lyons properties for sale if you are interested.

185 2nd Avenue #A, Lyons

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....