Category: Walnut Realty (13)

Happy New Year!! I hope this email finds you well and enjoying the holiday season.  I have some exciting news to share with you!  After almost a year of diligence and careful consideration, we (Walnut Realty, Inc) have decided to combine resources with Re/Max Alliance to form a strategic merger that will result in a new company called Re/Max Alliance on Walnut. This merger will represent the largest and most relevant of its kind in Boulder and I wanted you to learn about this from me before reading about it in the paper.  Re/Max Alliance on Walnut will be a boutique firm with international reach, delivering a brand of service based on integrity, informed by expertise, and practiced in efficiency. We have conducted business alongside Re/Max Alliance (also locally-owned) for decades and have always been impressed with the level of customer care and integrity we have experienced.  We more recently learned that not only is their consumer-centric approach consistent with ours, but their vision for the future is also well aligned with our goals of excellence.  Combining our resources will allow us to become the most powerful real estate brand in Boulder County.  This merger will create a perfect blend of a local boutique firm backed by the most powerful set of tools and global marketing resources currently available in the real estate industry. Specifically, I will still reside in the same Downtown Boulder office that Walnut Realty has occupied since 1975.  All of my contact numbers will remain the same (cell phone, work phone, work address, and even same desk, ha!) as will my approach and commitment to you.  The only changes that will occur are that I will have access to additional cutting-edge tools and a team of support personnel that will allow me to better serve you. I am very excited to be a part of this new company, and am certain Re/Max Alliance on Walnut will offer me incredible opportunities for increased success. If you have any questions or concerns, I welcome the opportunity to connect with you and have a conversation about this exciting endeavor.  
I am sincerely grateful of your support and our communication. I look forward to being able to greater support your Boulder County real estate needs in the New Year! Take care and I am here for you.   Sincerely,
Dunbar Hardy Broker Associate EcoBroker, GREEN, GRI, ABR ReMax Alliance on Walnut 1911 11th Street, Suite 107 Boulder, Co 80302 w - 303-442-3180 c - 303-859-7922 f - 303-442-6765
Pleased to announce that I will be hosting an weekend open house at 745 Arapahoe Avenue #203, Boulder – Sunday 10/23/11 1-3pm. This nicely updated/re-modeled 2bd/2ba 1,186 sq ft condo backing to Boulder Creek next to downtown Boulder has also has had a recent price reduction. New Price – $375,000. For additional property information CLICK HERE!  

745 Arapahoe Avenue #203, Boulder – OPEN HOUSE 10/23/11 1-3PM

This nicely updated 2BD/2BA condo (1,000 sq ft) is located in the GREAT community of the Buena Vista Neighborhood in North Boulder. This property is part of Thistle Housing Program, and buyer(s) must income qualify. The 2-story condo features updated cork floors, kitchen tile counter tops, and an upper level master suite. Literally across the street from neighborhood park/playground. List Price - $116,700. For additional info CLICK HERE.      
Happy Fall! Here we are going into the 4th Quarter of 2011, and wow, this year went fast!! As we prepare to go into the Winter/Holiday season, 3rd Quarter Sales Statistics were just released and are definitely worth a review to look closely at the Boulder County market. In summary of the 3rd quarter of 2011, Boulder County has noticeably seen more houses & condos sold (compared to 3rd quarter 2010) specifically in Boulder, Broomfield, Longmont, and Louisville while maintaining values with a roughly even - flat trend line in terms of average sold prices of houses & condos throughout the County.

AVERAGE INVENTORY (3rd Quarter 2011)

Average Inventory: There is a noticeable trend of less inventory of homes for sale specifically in Boulder (!), Erie, Longmont, Louisville, and on the Plains. THe condo/townhome inventory throughout the County has largely maintained and is similar to 3rd Quarter 2010. This decreased amount of inventory of houses in the 3rd quarter can possibly be affected by some "more ideal" houses being sold earlier in the year within the 2nd quarter, but also with relatively flat appreciation it is not an ideal time to sell, so some sellers are just "waiting it out" and not even putting their homes on the market for sale.

QUANTITY OF HOMES SOLD (3rd Quarter 2011)

Quantity of Homes Sold: There are noticeable increases in homes sold specifically in Boulder, Broomfield, Lafayette, Longmont (!) and Louisville. While there are also noticeable increases in condos/townhomes sold in Boulder, Lafayette, Longmont, and Louisville. For the limited amount of housing inventory on the market, houses are indeed selling. Boulder houses/condos sold strong through the Summer, while Longmont houses saw the greatest increase in summer sales activity. This can be accounted for Longmont houses typically having the lowest average & median homes prices throughout Boulder County.

DAYS TO CONTRACT (3rd Quarter 2011)

Days to Contract: Yes properties are selling, but there are some increases in Days on Market (compared to 3rd Quarter 2010) specifically with houses in Boulder (averaging ~80 days on market), Lafayette (averaging ~95 days on market. Other communities actually saw slight decreases to equal amount of days on market compared to 3rd Quarter 2010. The condo/townhome market saw some very different trends in the 3rd Quarter with very noticeable increases in days on market in Broomfield, Erie, Longmont, and Louisville. The Boulder condo market stayed on par with 3rd quarter 2010 averaging 120 days on market. Overall it can be seen that condos/townhomes take longer to sell than houses. 

AVERAGE SOLD PRICE (3rd Quarter 2011)

Average Sold Price: Houses specifically held values overall throughout Boulder County in the 3rd quarter of 2011 vs. 2010. There were nominal increases in average sold prices of homes in Boulder, Broomfield, and Lafayette. The highest home values are specifically in Boulder and in the Plains (larger acreage properties). The condo/townhome market largely throughout the County held even in terms of average sold pricing.

MEDIAN SOLD PRICE (3rd Quarter 2011)

MEDIAN SOLD PRICE: When looking more closely at solds in the 3rd quarter of 2011, we can answer the question "what price point has been selling?" Boulder-specific home median values have held even with 3rd quarter 2010 (~$550,000), while slight decreases in median sold home values can be identified in Broomfield, Erie, Longmont, Louisville, Superior, and definitely in the Mountains. Median values for condos/townhomes saw increases in the 3rd quarter specifically in Boulder, Lafayette, and Superior, while slight decreases in median sold values could be seen in Broomfield, Erie, and Longmont.

 In summary of 3rd Quarter 2011 sales statistics, some general themes are that properties are indeed selling more than last year, they are taking longer to sell, and they are overall holding values throughout Boulder County
Pleased to announce that I will be hosting an weekend open house at 745 Arapahoe Avenue #203, Boulder - Sunday 10/16/11 12-2pm. This nicely updated/re-modeled 2bd/2ba 1,186 sq ft condo backing to Boulder Creek next to downtown Boulder has also just had a price reduction. New Price - $375,000. For additional property information click here

745 Arapahoe Avenue #203, Boulder - OPEN HOUSE 10/16/11 12-2PM

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
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.
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. 
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. 
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