Quick Summer Market Update

We are now two years out from the top of the real estate market which was in June 2022. A year ago, I was reporting that prices had dropped slightly from the peak. Now, prices have recovered and are right about where they were at the peak. The chart below shows that the number of active listings has increased dramatically, yet prices are up slightly and the number of sales is up slightly. Buyers have more choices and are taking more time to make a purchase decision, but prices are stable. Because inventory is up and the market has become more competitive, not all sellers will get their home sold. For sellers, you will need to price your home more aggressively in order to get it sold. For buyers, there are more homes to choose from, interest rates have come down and are forecast to come down further in September, so this is a great time to buy.

With lower interest rates on the way, I'm predicting a busy 4th quarter. Please reach out if you want to discuss the current market and how I can help make it work for you, whether you are buying, selling or both. 

All the best,

Rich

2024 Summer Market Update

The summer real estate market is in full swing and this year there are more choices for buyers. Higher interest rates have caused a slow down in the Boulder County real estate market and properties are staying on the market longer as a result. Having more time to make a purchase decision is a welcome change for buyers after years of our market moving so rapidly. There are always opportunities in any real estate market and in the current market there are ways for buyers and sellers to work around the higher interest rates. Sellers can pay loan closing costs on behalf of buyers which results in a lower interest rate for the buyer and results in a sale for the seller - a Win-Win Situation!

Please contact me to today to discuss how to make the current market work for you- whether you are buying, selling or investing!

All the best,

Rich

Sanitas View Model Unit Available to Tour!

I’m pleased to announce that the model unit at Sanitas View is completed and ready for tours! We will be having open houses every Saturday and Sunday in June from 11am-1pm. Come on by to take a look at this great development! The Sanitas View model is located at 3315 Broadway at the corner of Broadway and Hawthorn.

I am representing the developer of Sanitas View along side my co-listing agent Lynn Ryan. Sanitas View is Boulder's newest upscale project and consists of 13 luxury townhome style units each with individual, enclosed & private west facing backyards. All units have an attached one car garage + carport, EV chargers, solar panels and options for a roof top deck & elevator. There are two unique floor plans to these lock & leave, sleek, modern units. All units have spectacular views of Mount Sanitas from all levels and some also have Flatirons views. There are beautiful finishes and design details throughout - all units feature skylights, smooth drywall, wide plank white oak floors and a modern gas fireplace in the living room.

These units are a great fit for anyone who is looking to simplify and embrace a lock & leave lifestyle. The location is incredibly convenient at Broadway & Hawthorn in North Boulder with easy access to open space trails, the Ideal Market area shops and Downtown Boulder.

If you are considering downsizing, simplifying, splitting your time or have a family member moving to Boulder, Sanitas View is an excellent option. Please stop by an open house or reach out to me for your own personal tour.

Thanks and All The Best,

Rich