Boulder Market Still Hot!
Despite the national downturn in real estate sales, Boulder has been its own island oasis.
While other markets have slowed or halted altogether, and have seen staggering decreases in value, the Boulder market has remained relatively stable.
According to IRES, the Boulder-area MLS, the 2007 median price of a detached, single family home in the City of Boulder rose by 1% to $550,000. However, the total number of homes sold declined by approximately 5% from 2006. The condo market saw fewer sales overall as well, but the median price of $240,000 remained unchanged from 2006. So, while the market has slowed a bit and the total number of sold properties has dropped, prices have remained fairly stable. In some areas of Boulder, we have seen prices increase substantially over 2006.
In determining whether or not to buy in Boulder, compared to most markets in the country, Boulder is still a good buy. It is a desirable place to live and people continue to flock here from all over the country. National magazines rank Boulder very high in terms of the quality of life it offers, and it was recently ranked as the top place to retire for “active” retirees.
Nestled at the foot of the Rocky Mountains, Boulder boasts bountiful trails and open space, breathtaking views, and over 320 sunny days a year. Combine that with some of the nation’s top companies headquartered here, a world-class university, and a healthy and fit community, investing in a Boulder home remains a pretty safe bet.
For Sellers, priced appropriately, your Boulder home should sell in a reasonable amount of time. Allow me to give you a Current Market Analysis (CMA) of what your home is worth. Given all that Boulder has to offer, there are plenty of Buyers out there who want to live here, and your home might be the perfect place for those buyers!
Tom Precourt
Broker Associate
Walnut Realty
303 921-9080
