Boulder County Real Estate 2025

2025 marks my 31st year in real estate. I couldn't have made it this far without you and it has truly been a privilege working with you! In looking ahead at what this year might look like; I can only guess it's going to be interesting as always. 

Since RE/MAX of Boulder began tracking Boulder County home values in 1978, annual appreciation has averaged approximately 6%. In 2024, the median price of single-family homes in Boulder County increased 3.5% while the median price in the City of Boulder dropped 0.2%. The median price of attached dwellings in Boulder County increased 1.4% in 2024, but is still 3.1% lower than the top of the market in 2022, while the median price in the City of Boulder increased 3.5% in 2024, but is still 4.4% lower than 2022.

Property values in Boulder County traditionally flatten out when the market slows and we are currently in that cycle. With the slight ups and downs over the last couple of years, prices are approximately where they were at the top of the market in 2022. The good news is that prices haven't dropped dramatically even though interest rates have been hovering around 7%. Also, the number of sales of single-family homes throughout Boulder County has not decreased substantially since the top of the market, except in the Mountains where the number of sales is down 20%. Attached dwellings have struggled because of high interest rates with the number of sales being down 20% or more across all areas of Boulder County.

Looking ahead, I believe that the value of single-family homes will most likely rise a bit in 2025 since inventory levels remain near historic lows. I believe the value of attached dwellings will remain flat because of decreased buyer activity driven by higher interest rates. The good news is that Boulder County continues to be rated one of the most stable real estate markets in the country. In the context of other investments – stocks, bonds, crypto-currency, etc. – buying REAL property in Boulder County rises to the top as a powerful and consistent way to build wealth.



It has been my observation over the years that the best time to buy real estate in Boulder County is always 6 months ago, so if you are considering buying, think sooner rather than later. After a decade of rapid appreciation, the Boulder County real estate market has settled down a bit and buyers have more options. Hopefully, interest rates will drop a bit this spring. If you’re going to sell this year, the first quarter is traditionally an excellent time to be on the market. Buyers have a high sense of urgency in the first quarter and I’m already seeing good market activity and quick sales in some cases. 

As we get into the swing of a new year, I’m writing to offer you my time. Let’s meet for a cup of coffee and review your real estate portfolio (whether it’s one property or many). Together, we can brainstorm goals or talk through any options you may be considering – upsizing, downsizing, remodeling, venturing into income property, purchasing a 2nd home outside of Boulder County or leveraging your investments to increase your holdings.

I’m optimistic about our market in 2025! I hope I’ll have the opportunity to put my experience and passion for real estate to work for you – whether it’s all-around service or just some straightforward advice. Also, please know that I always have time for your friends, family and co-workers and greatly appreciate your referrals. I promise to provide outstanding service that will make us both look good.

Best, Rich

Quick Market Update and Happy Thanksgiving!

The real estate market has slowed as we enter the holiday season. This is completely normal for this time of year and as always, the slower market offers an excellent opportunity for investors and owner occupants alike. I have investor clients who have done incredibly well buying rental properties during the holidays and it's also a great time for owner occupants who happen to be looking to buy right now. As the holidays approach, some sellers become very motivated. Please call me to discuss the opportunities that the current market presents.

For sellers, it's best to list after the New Year since the market will pick up once the holidays are over. I'm predicting an active market in the first half of 2025.  

Lastly, I'd like to take a moment to express my gratitude to you, my clients, for your business, referrals and friendship. I am sincerely thankful for you. Happy Thanksgiving to you and your family! 

All the Best, 

Rich  

August NAR Settlement Update

There is a National Association of REALTORS® proposed settlement agreement based on a class action lawsuit and related changes have already been implemented. These practice changes took effect last week. One of the biggest changes coming from this settlement agreement is the requirement for more disclosure to sellers and buyers related to real estate broker compensation. Real estate broker compensation is fully negotiable and not set by law. Contracts have all been updated to make this more clear.

Another practice change is that compensation being offered to brokers working with buyers will no longer be advertised on the MLS where homes are listed for sale. This is something that will now be discussed broker to broker based on what is outlined in the signed Exclusive Right to Sell Listing Contract. This will lead to more discussion about who will be paying a buyer broker's compensation and how much will be paid.

One of the goals of the settlement is to encourage more discussion about how real estate brokers are paid and how much they are paid in any given transaction, so please reach out if you want to discuss more or have any questions.

Thanks,

Rich