As far as the real estate market goes, it's time to resume our work. We're still gathering complete data for March and the first quarter, which will almost certainly show a majority of homes selling for asking or more. We personally participated in several +$100K over asking bidding wars during the quarter, but I prefer to analyze the data instead of talking about our anecdotal experiences. Stay tuned for an analysis, likely next week.
For now, look to pending sales as a leading indicator: As of this writing, there are just under 1,200 properties listed in Boulder County (inclusive of all cities). 54% or under contract. Denver County has 2,639 properties on the market with 66% under contract. A balanced market is considered to have about six months of a supply. We have less than two, not just in the usual hot spots, across the entire region. These are phenomenal market conditions.
Pro tip: For an analysis of the most interesting fresh listings to hit the Boulder and Denver real estate markets, be sure to check out Fresh Listings.
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.
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.
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.
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.
