Category: TOWNHOME (9)

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!
Pleased to announced this new-built townhome is currently under contract by some out-of-state clients of mine. This property features 2bd/2.5bath ~1,300 sq ft and an amazing roof top deck/patio with mountain views. A truly walk-able location with every downtown Boulder amenity literally within blocks. This lovely townhome is designed by Surround Architecture and being built by Field West Construction to be completed end of 1st quarter/early 2nd quarter. 

601Canyon#C-UNDERCONTRACT

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 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!

1200 Yarmouth Ave. #233, Boulder1200 Yarmouth Ave. #233, Boulder1200 Yarmouth Ave. #233, Boulder110717_110_6811h

"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 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! 

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.  
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