As we march onward into 2023, it's worth looking back at the largest discounts, and premiums in Boulder County.
The following was originally published on founding broker, Osman Parvez's Twitter.
Listed for $800K in March, this 2 bed, 2 ba house quickly attracted buyer interest and went under contract. It sold $1.05M, or 31% over the list price. The transaction closed with cash, 2 week close, no disclosed concessions. Here's why it attracted the bidding war...
1. Dead end street, backing to the bike path (although some exposure to traffic on 30th).
2. Priced right and very little competition.
3. Built in the 80's, after lead based paint.
4. Functional layout.
5. Pro HDR photography not just of the house but also amenities and aerials.
6. Professional staging.
7. Rare at this price point: A two car garage.
8. Clearly communicated rules for multiple offers.
p.s. We have a listing very similar to this house, it's larger and in Kings Ridge. It will be on market this spring. Contact us for details.
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.
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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. House Einstein strongly recommends conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
