Posted on Leave a comment

Boulder Real Estate Market

Boulder County Buyer Agents Helping You Find the Right Boulder Property

Your best choice when looking for Boulder property is working with a buyer’s agent who works for a company that specializes in working for buyers. It is also important to find a buyer’s agent that does not list homes for sellers.

There are at least three outstanding companies that belong to the association who service Boulder county, so contact us to get a current list of association members in good standing. These Boulder buyer’s agents are dedicated to only helping buyers.

Boulder property is typically pricier than other cities around Denver due to the University of Colorado at Boulder campus and a history in Boulder of careful city planning.

Home prices rose from December 2008 and annual sales improved in 2009, and are continuing to slowly increase in 2010, according to the National Association of REALTORS®.

Buying a home in Boulder—what to know.

Outdoor Recreation: Boulder is renowned for its abundant outdoor recreational opportunities, including hiking, biking, rock climbing, and skiing in the nearby Rocky Mountains. The city boasts over 300 miles of hiking and biking trails, making it an ideal destination for outdoor enthusiasts.

Education: Boulder is home to the University of Colorado Boulder, a prestigious public research university known for its strong academic programs and beautiful campus. The city also has excellent public schools, making it an attractive option for families with children.

Cost of Living: Boulder has a relatively high cost of living compared to the national average, particularly in terms of housing costs. However, residents enjoy a high quality of life and access to numerous amenities and recreational activities.

Cultural Scene: Boulder has a vibrant cultural scene, with numerous art galleries, music venues, and theaters. The city also hosts several festivals and events throughout the year, celebrating everything from music and food to outdoor recreation.

Sustainable Living: Boulder is known for its commitment to environmental sustainability and green living. The city has implemented various initiatives to reduce its carbon footprint, including extensive bike lanes, public transportation options, and renewable energy programs.

Shopping and Dining: If you’re a shopper, this is your place. Boutiques, designer names, thrift, and thrills await. And dining is, to say the very least, a culinary adventure.

Boulder is a Bicycling Paradise: With an extensive network of bike paths and a strong cycling culture, Boulder has earned the title of one of the most bike-friendly cities in the United States

Boulder buyers agents provide Key Tips for Homebuyers in Boulder in 2024:

Establishing a Budget: When budgeting as a new homebuyer, it’s vital to include more than just your monthly mortgage payment. Consider utilities, property taxes, repairs, HOA fees, points, PMI, closing costs, and commissions. Seeing these expenses together gives a complete picture of your financial obligations.

Consulting with Your Realtor: Your real estate agent possesses valuable market insights and can advise you on the optimal timing for your home purchase. With their experience and expertise, realtors serve as an invaluable resource, especially for first-time buyers.

Emphasizing Location: Follow the golden rule of real estate: prioritize location when assessing properties. Even if a home seems well-priced and meets your needs, its location can greatly affect its resale value and your satisfaction. Choosing a desirable location guarantees lasting enjoyment and potential investment appreciation.

Taking Your Time: Don’t rush the homebuying process; explore multiple options to discern your preferences. While you may not find the perfect home immediately, each viewing offers valuable insights into your priorities and preferences. Taking your time ensures that you make an informed decision and avoid any regrets later on.

Reviewing Comparative Market Analysis (CMA): Use CMA as a valuable tool to assess a property’s asking price. Analyze comparable homes and their selling prices to understand market trends and make informed offers. Also, include contingencies in your offer to protect your interests.

Arranging a Home Inspection: Despite disclosure requirements, sellers may not disclose all home issues. To mitigate risks, schedule and attend a $300 home inspection to uncover any potential concerns and gain insights into the property’s condition and maintenance needs.

Why are you buying a house in Boulder?

Boulder offers a unique fusion of quaint small-town allure and urban conveniences. Situated against the breathtaking backdrop of the Flatirons Mountains, it grants effortless access to remarkable natural wonders such as Chautauqua Park, Eldorado Canyon, and Boulder Creek.

Moreover, Boulder boasts a dynamic culinary scene, featuring farm-to-table eateries and craft breweries at every turn. The lively Pearl Street Mall stands as a hub for shopping and people-watching, conveniently located in the heart of downtown.

Renowned for its exceptional quality of life, Boulder garners accolades for its top-notch school system, including esteemed institutions like Fairview High School, ranked among the nation’s top 100 schools. With low crime rates and pristine air quality, Boulder emerges as an ideal destination for families.

How do real estate agents get paid?

While it’s the seller who covers the commission, it’s divided among several parties: the seller’s realtor/agent/broker, the buyer’s realtor/agent/broker, and their respective brokerage firms. These commissions are settled at closing, with the total commission dispersed into smaller percentages, each allocated among the involved realtors/agents/brokers and brokerage firms.

Boulder Real Estate Market Statistics:

There are 396 active home listings and 50 new homes for sale in Boulder, CO.

Homes in Boulder, CO were selling for a median price of $1,695,000 in February 2024.

On average, homes in Boulder, CO sell after 38 days on the market compared to 37 days last year.

287 homes were sold in Boulder, CO in February 2024, up from 242 last year.

Boulder, CO is part of the Boulder County R-1 School District, with 30 Elementary Schools, 18 Middle Schools, and 13 High Schools.

Boulder Real Estate Market Trends in 2024

For those eyeing the Boulder, Colorado housing market, understanding its future trajectory is crucial. While forecasts aren’t foolproof, analyzing available data can shed light on potential trends.

Boulder Housing Metrics Overview:

Based on Zillow data as of January 31, 2024, Boulder’s housing market reflects subtle shifts. The average home value sits at $958,651, showing a slight 1.3% dip over the past year. Properties typically go pending in about 51 days, indicating a balanced market.

Housing Metrics Breakdown:

For Sale Inventory (January 31, 2024): The market boasts a diverse inventory with 398 properties available.

New Listings (January 31, 2024): A positive sign for buyers, 61 new listings were reported at the end of January.

Median Sale Price (December 31, 2023): The median sale price stood at $947,500 by the end of December 2023.

Median List Price (January 31, 2024): Currently, the median list price for Boulder properties is $1,199,167.

Is Boulder a Buyer’s or Seller’s Market?

Presently, the Boulder housing market leans slightly toward balance, offering opportunities for both buyers and sellers. With homes spending an average of 51 days on the market, there’s a fair equilibrium. Buyers have a reasonable inventory to explore, while sellers enjoy a market that’s not overly saturated.

2024 Market Forecast in Boulder, CO

Redfin’s recent reports on the Boulder real estate market indicate a decline in home prices compared to the previous year, although the median home sold price remains notably high. Despite this, there has been a significant increase in the number of properties sold since January, prompting questions about the competitiveness of the Boulder market. Here’s a closer look at each trend to assist homebuyers in making informed decisions.

Boulder Median Home Prices: Realtor.com reports a median listing home price of $1.2 million in Boulder, CO, significantly exceeding prices in other major cities. The median sold home price, as per the same data, stands at $1.1 million, with homes typically selling for just $100,000 below the asking price. Redfin’s data indicates a slight decrease in the median sale price in April 2023, dropping to $987,500 after a 21.0% year-over-year decline.

Housing Demand and Homes Sold: Redfin’s reports highlight a decrease in home sales in April of the current year, with only 104 units listed and sold, marking a 23.5% decline compared to 2022 figures. Furthermore, 26.0% of homes listed in the Boulder market were sold above the list price, representing a 43.9% decrease from the previous year. Conversely, there has been a 13.4% increase in the number of homes experiencing a price drop, rising to 21.5% in April of this year.

Housing Supply: Realtor.com indicates a persistently low housing supply in Boulder, with just 536 residential units listed for sale.

Median Days on the Market: According to the most recent reports from Redfin, the median days on the market in the city have increased, indicating a longer duration before properties are purchased. In April 2023, the median days on the market stood at 32, reflecting a year-over-year increase of 5 days.

VIDEO LINKS FOR COLORADO

Home buying guide in Colorado: https://www.youtube.com/watch?v=mvm1RtR2q4U

Top Buyer Agent Introduction in Colorado Spings, CO: https://www.youtube.com/watch?v=yL2PgFgreiU

Colorado Springs, CO Top Buyer’s Agent – Question #1: https://www.youtube.com/watch?v=0mCE1gnklfs

Colorado Springs, CO Top Buyer’s Agent – Question #5: https://www.youtube.com/watch?v=aoadduIaTkU

Leave a Reply