by Neil Kearney | Sep 11, 2020 | Boulder County Housing Trends, Statistics
The local real estate market continues to be very active and strong. More properties are selling than are coming on the market resulting in a loss of inventory. When inventory of available homes is very low it results in shorter days on the market and increased prices. After seeing stagnant prices earlier in the year it appears that prices are on the rise again. Sales in August were up 25% compared to the same month a year ago. With the strong summer year-to-date sales in Boulder County are now down just 1% from a year ago. With the current momentum, I expect that even with a two-month hiatus, sales in 2020 will exceed 2019. See the slideshow below for full details and five year trends.
by Neil Kearney | Aug 27, 2020 | Listings
Beautiful Upgraded Home Backing to Indian Peaks Golf Course
For all of the photos and more information go to www.714Skywalker.com
Light and bright, beautifully built home backing to the 3rd fairway of Indian Peaks Golf Course. The open floor plan features a main floor master bedroom, an upgraded kitchen (stainless, granite, cherry) with a huge island which opens up to the multi-story great room and the beautiful views to the south. Tons of windows! Many extras including: solar system, side load garage, large finished basement with large rec-room and wet bar, great main floor study, large and bright secondary bedrooms and great curb appeal. Premier cul-de-sac location. Boulder Valley Schools including Douglass and Platt. Live the life you have imagined!
- Open floor plan which is oriented to take advantage of the south facing golf course views.
- Large gourmet kitchen with large island, upgraded appliances and two sinks – all open to the main living area.
- Newer roof
- Owned solar array which provides most of the electrical service for the home
- Tesla charging station in the side-load three car garage.
- Finished basement with large bar, game area, large rec-room and a extra room which could be used for a 5th bedroom, art studio or craft room.
- South facing covered rear patio which can be used most of the year.
- Main floor master with views of the golf course and a large 5 piece master bath.
- Three bedrooms upstairs. Each has multiple windows and an attached bath (one ensuite and on Jack and Jill)
- Upstairs private balcony.
- Large main floor office with room for a desk and a couch
- Beautiful built-in’s in the great room and the study.
- Two heating/cooling zones with whole house humidifier.
- Vaulted ceilings
- Beautiful curved staircase with art nooks.
- Newer roof and gutters.
- Newer water heaters.
- New interior paint.
by Neil Kearney | Aug 20, 2020 | Boulder County Housing Trends, Statistics
Even with so much economic and political uncertainty, our local real estate market is seeing great activity. The stock market and housing market have fully recovered from the initial shock of the pandemic and we are seeing demand (sales) outpace supply (new listings). This results in positive pressure on prices as well as shorter time on the market. Lifestyle areas with a vibrant economy, like Boulder, are attracting people from more crowded parts of the country.
Sales were up 20% in July from a year ago.
This graph shows the number of properties that have gone under contract on a weekly basis over the past five years. The red line shows the trend bucking path of this years market. This is a good indication for buyer demand.
This graph shows the number of new properties to go onto the MLS on a weekly basis. If you compare the red line here (supply) with the red line in the previous graph (demand), you can see that the number of active listings is falling. This results in shorter days on the market and upward pressure on prices.
Click on the slideshow below to see the entire picture for the month and see all 10 slides.
by Neil Kearney | Aug 6, 2020 | Boulder County Housing Trends, Statistics
Click here to view and download the entire report
We have all been on a wild ride this year! As we started 2020 none of us could have predicted how flexible we would need to be as the world has changed around us. Face coverings, social distancing, Zoom meetings, cancellations, working from home,… these have all become a part of our year. We have seen some businesses adjust and thrive, and others close for good. We have seen the stock market tank and then rebound. Unemployment climb to record high levels and interest rates fall to all time lows. Real estate sales have been on a big pendulum as well. Low sales in April and May reflected the stay-at-home orders announced in March but have rebounded strongly this summer.
Everyone needs a place to live, and when we are forced to stay in our house for weeks on end it leads to decisions stemmed from change. Change is what drives the real estate market. As younger home buyers take advantage of low interest rates, we have seen especially strong sales of the lower priced homes in our market. It’s taking a bit longer for the sales to trickle all of the way up to the luxury market, but it is happening. One thing we are seeing, is people being drawn to our beautiful and less crowded area from the big cities. Some who have the financial means to move away from the big city are looking into a change of lifestyle . A few weeks ago I got back to back calls from potential buyers from Miami who inquired about land in our area. This could be a trend that fuels our market into the future.
This is a strange year for statistics. Of course sales were down for the second quarter. We were all staying at home and taking family walks for two months instead of looking at real estate. But the graphs seen in this report do show that we had a very strong start to the year and have had a very strong rebound. The first part of the rebound was made up of buyers and sellers who were planning to buy or sell just as the pandemic hit. After all, March, April and May are our busiest months of the year. Those transactions were pushed back a few months. Now we are seeing another wave of activity fueled by low interest rates, a recovery in the stock market and people feeling more stable in their jobs. With those foundation points in place, people are able to dream of a different place to live that fits their needs better than where they are now.
Obviously it’s not a clear path ahead. This is an election year (different than any I have been a part of) and we are still trying to balance getting back to work and keeping our population safe. How this will affect small business, higher education (a big deal in our community), and commercial real estate are just three of the upcoming unknowns that may have large repercussions. We will all need to be flexible as we make plans based on past assumptions that may not hold into the future.
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. Enjoy the report and stay in touch!
The Kearney Report 2nd Quarter 2020 (1)
by Neil Kearney | Aug 3, 2020 | Listings
The awesome mountain view is just the beginning! Lovely, large three story Dakota Ridge townhome fronting the park. The features in this expanded floor plan include: kitchen with cherry cabinets, granite countertops and stainless steel appliances. Wood floors on the main level, new carpet throughout and fresh paint everywhere! Three bedrooms upstairs, each with a balcony (did I mention the view) and its own full bathroom. Light filled basement can be easily used as a rec-room or a conforming 4th bedroom as needed. Situated between two neighborhood parks and close to open space trails. A great place to call home!
