by Neil Kearney | Sep 13, 2021 | Listings |
Listed for $499,900, sold for $520,000 during the first weekend.
For more photos of this property visit www.5748Twilight.com
One level living at its best! Spacious floorplan features a great sense of space and light. You’ll love the vaulted ceilings throughout the entry and main living areas. Enjoy evenings sitting inside the comfortable screened porch. This is a former model home and has many upgrades including extra tall alder cabinets, a large granite topped island, extensive hardwood flooring, an upgraded primary bath and a three car garage. ramp in the garage allows for easy access for those who need it. Three bedrooms on main level and a full unfinished basement.
by Neil Kearney | Sep 2, 2021 | Listings
Offered at $850,000 Sold for $860,000
For more information and photos go to www.648Dewey.com
Adorable bungalow with a heated, detached 175 sq. ft. studio in a great Mapleton Hill location. The living area is open and the home lives much larger than the square footage. The kitchen opens up to the nicely landscaped and private backyard. The bright studio has alley access and would make a great home office or expanded living area. There is one parking spot in the alley. Awesome location! An easy walk to Pearl Street, Ideal Market, North Boulder Park and Mt. Sanitas.
648 Dewey MLS Sheet
by Neil Kearney | Aug 25, 2021 | For Buyers, For Sellers
I love my clients! Being a Realtor is a multi-faceted career, but my most favorite part is getting to know my clients in a meaningful way. I love gaining the trust and respect as we go through the process of buying or selling a home. Here are what some recent clients have said about working with me. THANK YOU!
“Neil helped us sell a house in Longmont. He did the research necessary to arrive at an appropriate listing price, he promoted the property effectively, and he managed the sales process professionally. He made the sale a quick, easy, and successful process. Neil is hardworking, honest, and trustworthy. His communication is clear and his perspective is client-focused. I will not hesitate to use him again when we have real estate to sell in Boulder County.” Tim Satterfield
“We found Neil through a search on the Boulder/Broomfield real estate professionals. His personal website is very impressive. It shows Neil is very knowledgeable and passionate about his career. After an initial video meeting, we decided to go with Neil.
In the first phase, Neil was very responsive and patient. He picked several properties that may interest us. When showing the properties, he never pushed us.
After the first several showings, we quickly found a dream home. Neil acted very fast to help us set up the showing. He then finished the preparation of the paperwork efficiently. With his professional advice, we got our dream home easily.
All in all, Neil is a very professional, knowledgeable, passionate, and patient agent to work with. If you are also looking for a home in the Boulder area, Neil is always the best choice.” Amanda Xu
“We totally enjoyed working with Neil. In this world of Covid, he made sure everyone was safe during this process. He listened to our needs (getting our home sold within a weekend) and made the process very smooth and easy. We created a situation where we were out of the house for that weekend and he kept control of the entire process. One of his ‘buzz’ words is Integrity…We found him to be one of the most honest brokers we have ever dealt with. I definitely would recommend Neil to anyone needing and honest, easy to work with broker. I would use his services again should the need arise.” Leslie Rosczyk
“We worked with Neil to find homes to buy in and around Boulder County, CO. He was flexible, diligent, hard working, and professional throughout the entire process. He patiently stuck with us for months, persisting through this challenging real estate market. He’s also highly ethical, and an all around nice guy.
I would highly recommend Neil to anyone looking to buy or sell a home in or around Boulder. He’s a great partner when you are looking to buy or sell real estate.” Mike Bruner
Click here to read more testimonials.
by Neil Kearney | Aug 10, 2021 | Boulder County Housing Trends, Statistics
Real estate sales in Boulder County continue to be very strong. There were 611 sales in June, which is the highest number for the month since 2015. Year-to-date cumulative sales are up 28% over last year and median prices throughout the county (both single family and attached dwellings) are up 16% from a year ago. On average properties sold for 4% over the list price. For most of the years I’ve been tracking the market, homes sold for at a 2-3% discount. 62% of the sales in July sold for above the asking price. When looking only at those homes that sold above list price, the average sale was for a 7.5% premium. The median premium paid was 9.7%. These numbers are down from last month. Meaning that the bidding wars were a bit less intense.
Key statistics for July:
- Sales were up 3.2% from last year. Down a bit from June.
- Inventory of active homes is down 28% from last year.
- 62% of active listings were already under contract at the end of July. Just 400 homes to seriously consider at the end of June.
- Prices continue to be considerably higher than they were a year ago. For July only the median price was 16% higher than last July
To view all of the statistics in graphical format with trending scroll through the report below.
by Neil Kearney | Aug 9, 2021 | Boulder County Housing Trends, Statistics
I’m starting to see articles about the slowing real estate market. The latest statistics, as seen in this report, certainly don’t support any cooling whatsoever! The second quarter of 2021 will be remembered as one of the most crazy times we have seen in our market. Despite lower than normal inventory, sales during the quarter were at the highest level since we began publishing The Kearney Report in 2007. Because of the pandemic, the comparative statistics are wonky but this past quarter had more sales than the bounce back third quarter of last year and 16% above the second quarter of 2019.
During the quarter, multiple offers were the norm rather than the exception. 64% of the sales during the quarter closed for above the list price. Overall during the quarter, properties sold for 4.9% above the list price. This includes 292 properties that closed for less than list price. When looking exclusively at the 1,049 properties that sold at a premium price, the average premium paid was $8.62% or $63,000. The competitive bidding caused by high demand and a low supply of homes on the market has caused prices to jump quickly.
It’s just a snapshot in time, but across the county, the one year appreciation is around 20%! The median price for sales during the second quarter was $685,000 (includes all typed of properties), this is 29% higher than the $530,000 median price of just a year ago. The median price of residential properties (both condos and single family) in the City of Boulder during the second quarter was $862,500 and the average price was $1,156,825.
At the end of the quarter inventory was 25% lower than it was a year ago and 30% lower than it was two years ago. This is caused by two factors: fewer owners selling their homes and houses selling and closing very quickly. For reference the end of month inventory in June 2014 was 2,159 and this year it was just 1,189. A 45% decrease!
Houses are selling quickly! On average, it took 19 days to place a house under contract. This is down from 32 days a year ago. Another statistic that measures the strength of the market is the absorption refresh rate. It shows how quickly the current inventory would be depleted given the current sales rate if no new listings were to come to the market. A balanced market is 6 months. Anything less is a sellers market and anything longer is a buyers market. At the current inventory refresh rate of 2 months we are firmly in a sellers market.
For sellers this continues to be a really great time to sell. It seems that the best strategy is to price the home close to the recent comparables and let the buyers take it higher. Sellers who try the opposite, price it high because the market is so strong are not having as much success. Buyers are either quickly learning what type of aggressive offers are needed to succeed in winning bidding wars or they are stepping aside and waiting for a quieter time in the market. As the market slows a touch, it seems we are seeing a few more potential buyers step back and wait.
As always it’s good to remember that the real estate market is always changing and is cyclical. The pandemic and the post pandemic (are we through it yet?) property rush, which is being seen nationwide, could not have been predicted and has twisted the normal cycle in a new direction. In the meantime homes continue of sell and as always, I’m actively helping buyers and sellers successfully close transactions. I’m always here for you to be of service and would be honored if I’m your first call when you need real estate advice. Enjoy the report and stay in touch!
The full report can be viewed or downloaded below. Here are a few screen shots of the first few pages.
Page 3 The Kearney Report
Page 4 The Kearney Report
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