Boulder Real Estate For Sale, Open House

boulder-gillaspie-home11When shopping for Boulder real estate for sale, I often get the question: “where and how can I get a great deal in Boulder”? Well, for those who are well-versed in the Boulder real estate scene and who have been in the area for a while, you know that “a great deal” is a relative term.

See what’s happening with your own eyes by coming to the open house today at 660 Gillaspie, it’s a great Boulder real estate market opportunity. I’m holding the house open for buyers between 2:30pm and 4:30 pm today.

Call or email me if you want to talk more specifically about what’s happening in the current real estate market in Boulder.

boulder-gillaspie-home21In today’s market… and in Boulder’s current market of fairly limited supply for investors and first-time home buyers… what constitutes a ‘deal’ has different meaning than many other parts of the country.

To get a reasonable read on what’s happening in Boulder, and where the deals are in the lower price ranges we can consider the home on Gillaspie as an example, so come take a look today. Or you may just find that it gives you an opportunity to talk directly to a guy like me that makes it his full-time business helping buyers and sellers in Boulder.

Now, in terms of value, consider again the concept of market saturation rate. I’ve heard some speak of this type of analysis in ways that tell me they don’t really understand it.

boulder-gillaspie-home31To talk of market saturation rate, that is, the idea of forecasting or projecting estimated time on market, it’s very valuable to look at what’s already sold (quantity) and how much is currently for sale (again quantity).

The way to make it more pertinent I believe, is to narrow it down to a price range. For Boulder, to look at market saturation rates for the entire price spectrum is ridiculously over simplifying the matter. We can’t compare a small ranch home in Table Mesa against a newly-built 5000+ square foot Newlands home. Are you with me?

So, for today, let’s look at homes under $460,000 in Boulder. There are 76 single family homes for sale under $460k right now. Since Jan 1, 2009, 64 sold in this price range, and since April 1, 2009 there were 30 sold in this same price range.

Depending on where your comfort level lives for projecting what you think the market saturation rate is for homes in this price range. Based on some numbers I pulled this morning, it’s looking like the number of homes sold is picking up each month since 1/1/9, and the number of days on the market is dropping. That’s typical for this time of year.

Okay, without over analyzing the data too much, because we can make our brains melt fairly quickly if we get caught up in that process, let’s think of it this way, we have about 2 to 3 months of inventory at the current levels.

That’s a pretty strong lean towards a buyer’s market. Homes in this price range that are prepared well for marketing, (hence they look nice when you go see them), and that are priced properly (when compared to what’s already sold) are selling more quickly than the averages. The homes under $500k that fit this model are likely on the market just a few weeks at best.

Call or email me when you’re ready to talk about your next move, or stop on over to 660 Gillaspie this afternoon and let’s talk.

Zachary Epps, full-time professional Realtor® and EcoBroker® at RE/MAX Alliance Boulder

Comments

One Response to “Boulder Real Estate For Sale, Open House”

  1. KattyBlackyard on June 14th, 2009 7:09 pm

    Hi, very nice post.

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