by neil kearney | Jun 17, 2009 | Boulder County Housing Trends, Statistics
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.
by neil kearney | Jun 16, 2009 | Boulder County Housing Trends, Statistics, Uncategorized
According the the Federal Housing Finance Agency (FHFA), Boulder County ranked 23rd out of 294 metropolitan statistical areas in 1 year appreciation for the time period ending March 31, 2009. The yearly appreciation for our area was reported as 1.99%. As a nation the appreciation was -7.14%. As a state, Colorado ranked 13th with -1.7%.
The top states in the rankings were Alaska (4.79%), Oklahoma (.3%), North Dakota (.3%) and South Dakota (.29%). In fact these four were the only states to record a positive return for the year. The hardest hit states during the past year were; Nevada (-31%), Florida (-22.46%), California (-22.12%) and Arizona (-19.51%).
The first chart above shows how Boulder has compared to the nation in yearly appreciation each quarter since june of 2006. This shows how steady our market has been compared to the rest of the country. The second graph shows show we compare to the rest of the metropolitan areas. Even though our appreciation has been steady our ranking has jumped because of the declines seen across a majority of the country.
by neil kearney | Jun 11, 2009 | Boulder County Housing Trends, Statistics
|
# New |
Price Drops |
# U/C |
# Sold |
Median $ of Sold |
| 30-Apr |
166 |
142 |
125 |
81 |
$ 317,900 |
| 7-May |
182 |
170 |
141 |
90 |
$ 294,700 |
| 14-May |
211 |
170 |
126 |
46 |
$ 301,950 |
| 21-May |
220 |
169 |
140 |
92 |
$ 275,950 |
| 28-May |
167 |
165 |
137 |
66 |
$ 272,450 |
| 4-Jun |
213 |
204 |
131 |
141 |
$ 324,500 |
| 11-Jun |
210 |
198 |
155 |
74 |
$ 296,400 |
It has been another busy week in Boulder real estate. The number of properties to go under contract during the week hit a high for the 7 weeks I have been keeping track. Interest rates are bumping up a bit so buyers seem to be out there with a purpose before the rates go any higher. We got off to a slower start this year and it is nice to see that the peak of activity is extending into June. Let’s hope that the momentum keeps going.
by neil kearney | Jun 10, 2009 | Uncategorized
Smart, Unique, Serene, Contemporary,and Efficientare just a few of the words that describe 1580 Kalmia Avenue. The house isunlike any other in the neighborhood and its design is not only beautiful it is totally useful. The house is designed for those who want to live well and do their part in the greening of the planet.
The sun shines brightly over Boulder for more than 300 days a year. It’s a wonderful place to use solar energy as an alternative to traditional coal powered electricity or natural gas.1580 Kalmiais designedwith both active and passive solar systems which not only harness the power of the sun, theyadd to the design andoverall characterof the home. But alas, one cannot live on efficiencyalone! The house is filled with upgrades, great living spaces, good design and a fantastic North Boulder location.
The centerpiece of the home is its great room which includes; an amazing kitchen, workspace, dining area and living room. The large room has vaulted ceilings, great light and many interesting and beautiful textures.
The gourmet kitchen is great for entertaining and features great workspace,a sub-zero fridge, granite counter tops, stainless steel detailing, two sinks, etc.
The main floor master bedroom boasts natural light andvaulted ceilings.Each of the three bathroomsisrecently finishedwith high grade materials. The master bath includes a smooth river rock floor.
The house is well located in a quiet North Boulder neighborhood with easy access to downtown and the Pearl Street Mall. The lot is well landscaped and features a south facing deck, and a great organic garden where you can grow vegetables or flowers.
This isdefinitely not another cookie cutter house. If you are looking for somethingunique, beautiful, and efficient, this is your house. If you would like to set a private showing or would like more information please contact me or give me a call at 303-818-4055.
For more details go to http://www.1580Kalmia.com
MLS# 601030
by neil kearney | Jun 5, 2009 | Statistics
|
# New |
Price Drops |
# U/C |
# Sold |
Median $ of Sold |
| 30-Apr |
166 |
142 |
125 |
81 |
$ 317,900 |
| 7-May |
182 |
170 |
141 |
90 |
$ 294,700 |
| 14-May |
211 |
170 |
126 |
46 |
$ 301,950 |
| 21-May |
220 |
169 |
140 |
92 |
$ 275,950 |
| 28-May |
167 |
165 |
137 |
66 |
$ 272,450 |
| 4-Jun |
213 |
204 |
131 |
141 |
$ 324,500 |
It was a busy week in real estate, I know that I have been swamped. The numbers above show that buyers and sellers were busy as well. During the week there were 213 new listings, 204 price reductions and 131 homes went under contract. These are all high numbers, but the outstanding statistic this week was that there were 141 closings between May 28th and June 4th. Hopefully with the number of homes going under contract lately this number will continue to stay strong.
