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Beautiful Boulder is a dynamic community with a passion for the outdoors.  This is where the Rocky Mountains meet the Great Plains.  Low crime, the University of Colorado and a great climate are just a few reasons why people from all over the world choose to settle in Boulder.  To find out more about Boulder and its real estate market click here.

Louisville Real Estate

For two straight years CNN/Money has named Louisville Colorado its #1 place to live.  Easy access to both Boulder and Denver, great neighborhoods and a cute main street make Louisville a great place to live.  To learn more about Louisville and its real estate market click here.

Lafayette Real Estate

Lafayette is a town of 26,000 people located approximately 10 miles east of Boulder.  Lafayette has a coal mining heritage but people are now attracted to Lafayette for the beautiful views, affordable real estate, newer homes and convenient location.  To learn more about Lafayette Colorado and take a look at some MLS listings click here.

Longmont Real Estate

Longmont is a town of 85,000 people located approximately 17 miles northeast of Boulder.  The city has a great mid-western feel and has great quality of life, low real estate prices, a strong employment base and beautiful views of its nameske Longs Peak.  To learn more about Longmont Colorado and its real estate market, click here.

Superior Real Estate

Superior was named for the quality of the coal in its mines a century ago.  Now Superior Colorado is known for a good quality of life.  Superior's population really took off in the 1990's with the construction of the planned community Rock Creek.  Convenient to shopping, jobs, transportation and outdoor activities.  For more information about this popular town and its real estate market, click here.

Erie Real Estate

Erie straddles the border of Boulder and Weld Counties.  It has seen extensive growth over the past decade and is now a great choice for those who are looking for a good value as well as a good quality of life.  To learn more about Erie and its real estate market click here.

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Wednesday
17Jun2009

Million Dollar Homes in Boulder County

DateWednesday, June 17, 2009 at 11:39AM

One of the most intriguing markets right now in the Boulder real estate market is the for those homes priced more than 1  million.  Boulder County boasts some incredible properties with views, land and an beautiful home to boot.  In 1997, six properties sold over the $1 million, today we have 476 properties listed above that magic number.  The world has changed in 12 years and a million does not buy you nearly as much as it once did.  However, during a recession it is difficult to get buyers to buy anything much less a luxury home. 

So here is what is happening right now in the luxury market in Boulder County.  So far this year 52 homes have sold for a price greater than $1,000,000.  As I mentioned before there are currently 476 homes on the market and 22 of those are under contract.  During 2008 154 homes and condos sold in that price range. 

I see picky buyers looking for a great deal.  I see most sellers as being resilient and willing to wait it out rather than lower their price drastically.  I see negotiations as a percentage averaging double that of the market as a whole.  I also see people still moving to Boulder with money which is a great sign for the future.  It may just take a bit of time to reduce the inventory.

I think many of the new homes in this price range were conceived during 2006 and 2007, record years for the local luxury market.  The chart below shows the total number of closings by year for residential homes in Boulder County. 

AuthorNeil Kearney | CommentPost a Comment |
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