The Market Awakens

Note: The following is the intro section from our latest newsletter.  To access our review of select listings and notable sales, subscribe to our client newsletter

What's New?

The market awakens. January is nearly over, and the market has begun to show signs of life. Mortgage applications are up, and a number of new listings have hit the market. 2023 is off to a solid start.  

In other news, Boulder has decided to use affordable housing funds to purchase three meth addiction recovery houses. These facilities will be in ordinary looking houses, in normal residential neighborhoods, and the city is not disclosing the locations. As you're probably aware, there is an increase in property crime and links to mental illness associated with meth use. Many of my friends and clients have shared terrifying encounters in Boulder with mentally unwell people who in all likelihood are meth addicts. Thus far, these experiences have been mostly on bike paths and downtown, although one colleague recently told me about an encounter at his home on Sunset Blvd - one of the most exclusive neighborhoods in Boulder. 

There is a lot of concern in the community. I've already had a number of clients contact me to ask if I know the location of the first house to be purchased, currently under contract. I've provided these clients with my best guess.  

To be clear, I believe that people who are unhoused, addicted to meth, or suffering mental illness deserve our compassion. We need to address this issue. I also believe solutions should be enacted at the state and federal level. At the same time, I also believe that the community should be informed about the location of these houses.

If you have an opinion about this decision, please share your feedback with city council and staff

Finally, please check out my latest video update, direct to you from the Mean Streets of Boulder. If you like what you see, please give us a thumbs up and subscribe. It helps feed the algorithm.

Now, let's talk about houses. Recent sales show that a number of buyers took my advice, sifting through expired and withdrawn listings from last year, and made offers. A few of those deals are described below. There remains an opportunity to do that. Not all listings from last year are back on market - at least not yet. Some will become rentals. Others will eventually return, aiming for early Spring when the market typically begins to build seasonal momentum. 

Below you'll find our curated list of newly listed homes, worth your attention (but not necessarily worth an offer). I also discuss select notable sales that illustrate market conditions at various neighborhoods and price ranges. If you're not currently working with an agent, don't hesitate to reach out if I can be of service. Our mission is to help you make a smarter real estate decision. ph: 720.310.5007

note: To access our review of select listings and notable sales, subscribe to Fresh Listings, our client newsletter. You'll find content that is read ~2x as much as content from other agents. 

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.  

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.