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No, the market is not scorching hot for all property types and locations in Boulder. Your agent says otherwise? Find a better Realtor.
Take a look at the chart below.
As of this writing, there are 130 homes on the market with asking prices of $1MM+. 43% of these homes are under contract. During the 1Q16, which is normally a slow time of year, the total sales volume for $1MM+ homes in Boulder was 38 transactions. More than two thirds of these deals closed within 60 days of listing, a typical time frame.
Intelligent real estate decisions are based on a deep understanding of market conditions. There is no substitute.
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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.