Boulder Market Update - April 1, 2020 [Analyze This]


1. I know it's April Fools Day, but I don't have any jokes. If you're looking for a laugh, check out Nick Heath's #lifecommentary and Pub Quizes. He is hilarious.

2. You'll find a preliminary Boulder real estate market update in this Twitter thread. In short, closings were up for condos and town homes in March, down for stand alone houses. 

As we move into April, about 30% of inventory in Boulder is under contract.There were a bunch of broken deals (i.e. back on market) during the last two weeks of March, but it's unclear if it was more than usual. March data will be more reliable early next week at which time I'll take another look. Remember, real estate transactions typically take 30-40 days from the date an offer is accepted to the closing. April market activity is expected to be down across the board. 

3. We just released a bunch of house tours we put together for our clients last year. If you're curious about how House Einstein looks at homes, these videos can give you a good idea. They're on our YouTube Channel.  In the past, this service was primarily for relocation buyers. While the Coronavirus crisis is underway, it's now available to all of our buyers. 

By the way, as you can tell from our subscriber count, we're new to YouTube. Please consider subscribing and/or sharing feedback on the videos. Going forward, we plan to offer a lot more video content. Your feedback is extremely helpful on our latest content - for example, this video on notable sales

4. Boulder City Council held a remote meeting last night. Most of it was spent discussing Covid matters including the massive budget shortfall and a hiring freeze. They are correctly pushing non-Covid issues into the distant future. E-scooters will be discussed in July. Prairie dogs pushed to 3Q20. Council also appointed dozens of new people to advisory boards and commissions. They are trying to figure out a way to have public comment during meetings. Shay Castle does a great job with a recap, HERE.

Osman Parvez  is the Founder and Employing Broker of House Einstein. Originally from the Finger Lakes region of New York, he lives in Boulder with his wife and their Labrador Retriever. He has been a Realtor since 2005.

Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. For more information, click HERE.

Fresh Listings | Our review of the most compelling new listings to hit the Boulder real estate market.| Subscribe

Socials: FacebookTwitterInstagramYouTube

Thinking about buying or selling and want professional advice?  Call us at 303.746.6896. Your referrals are deeply appreciated.  

The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. Image: helloquence.   

Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.