Boulder real estate Archives - Good Good Realty

How Boulder County Attached Dwellings Behaved Compared to Single Family Homes in the Pandemic

by KatieDrucker | Jan 26, 2021 | Boulder Info, Buying Tips

I had buyers get under contract for a $1,995,000 property on March 22, 2020 via a FaceTime showing.

I thought they were nuts.

Not because the clients were buying a house completely sight unseen, except on a screen. I thought they were nuts because the world had just stopped spinning, surely the market would crash or at least slow.

It turns out, their timing was impeccable. They bought in right before the Covid induced real estate buying frenzy.

But was their timing only perfect because they bought what everyone would soon realize they wanted, a single family home with space for working from home and homeschooling? Or did attached dwellings do just as well as single family homes during this rush to buy?

I decided to take a look:

Boulder County Single Family Home Facts:

In 2020, in comparison to 2019, there was a decrease in single family homes that hit the market – a ~7.5 percent decrease.
There was ~ 11 percent increase in closed sales in 2020 versus 2019
Days on market decreased about 6 percent in 2020 compared to 2019 and the percent of list price increased by .4 percent
This resulted in a 6.1 percent increase in median sales price in 2020 compare to the year prior

What it All Means:

More people wanted single family homes in 2020 as in 2019 and less people were wanting to sell their single family homes who already had them in 2020 versus 2019 and this has caused people to pay slightly more over list price than they did for a single family home in 2019 home and caused prices to increase.

Boulder County Attached Dwelling Facts:

Unlike single family homes there was an increase in attached dwellings that hit the market in 2020 versus 2019, an ~14 percent increase.
There was also an increase in closed attached dwelling sales in 2020 versus 2019 – 9.7 percent.
There was a .2 percent decrease in percent of list price and ~ 6.1 percent increase in median sales price in 2020 compared to 2019.

What it All Means:

Unlike single family homes, significantly more people wanted to sell their attached dwellings in 2020 than in 2019. But, more people also wanted to buy attached dwellings in 2020 than in 2019, albeit less than the increase of people who wanted to buy single family homes. As a result, people were able to buy attached dwellings slightly below the list price.

In Conclusion:

The pandemic, working from home, low interest rates and wildfires in the West has caused people to move around like chess pieces – and though the market was/is tighter for single family homes versus attached dwelling units- the discrepancy in median price increase from 2019 to the pandemic year of 2020 wasn’t remarkable between single family homes and attached dwelling units.

Good Good is a Boulder area real estate agency. We specialize in helping good people find the perfect Boulder home. We’re low pressure but high touch. If you’re looking for a real estate guide in the Boulder area, we may be a good fit. Give us a call if you’d like to chat. We’re always happy to answer any questions you have about the Boulder area or give you a tour.

Thanks,

Katie (Good Good Founder) | 720.415.4914 | Katie@goodgoodrealty.com

Boulder Colorado Real Estate’s Seasonal Trends

by KatieDrucker | Oct 8, 2019 | Boulder Info, Buying Tips

A lot of logistics go into a move – especially a move to a new town or state. The question I get the most from out-of-town buyers trying to figure out their move to Boulder is, what time of year do the most listings hit the market?

So, here is a short summary of Boulder real estate’s seasonal trends:

“Spring is nature’s way of saying let’s party.” – Robin Williams

The most action in the Boulder market happens in spring – listings hit the market like rapid fire and buyers gobble them up. The spring craze has been starting at the end of January and picking up real momentum by the end of March. The market is full bore in April and May and begins to slow around Memorial Day.

“Deep summer is when laziness finds respectability.” – Sam Keen

The market goes on summer vacation right around July 4th. Few listings hit the market and those that do usually sit on the market longer because buyers are off backpacking or sun-bathing or at the water park with the kids.

“Autumn is a second spring when every leaf is a flower.” – Albert Camus

The market picks up again the first weekend of September and remains pretty active until Thanksgiving – though the market is still slower in fall than in spring.

“Winter is a season of recovery and preparation” – Paul Theroux

The market goes into hibernation November through mid-to-end of January. But if a buyer is looking for a deal it is worthwhile to step out of the den to take a look at the winter inventory.

Check out our Moving To Boulder and Best Neighborhoods in Boulder Colorado articles if you’re new to the area and/or considering Boulder as your new home.

Good Good is a Boulder area real estate agency. We specialize in helping good people find the perfect Boulder home. We’re low pressure but high touch. If you are moving to Boulder or thinking about moving to Boulder and need some help with logistics or need a guide in the Boulder area, we may be a good fit. Give us a call if you’d like to chat. We’re always happy to answer any questions you have about the Boulder area or give you a tour.

Thanks,

Katie (Good Good Founder) | 720.415.4914 | Katie@goodgoodrealty.com

First Time Home Buyers in Boulder: The Order of Operations of Making Offers

by KatieDrucker | Jun 12, 2019 | Buying Tips

There is no standard equation for offers on properties in Boulder.

Sometimes offers are due in immediately, sometimes the best strategy is to wait to put in an offer. Sometimes the offer needs to be 10 percent above the listing price, sometimes, though not often these days, 10 percent below will suffice.

Every situation is different – a real estate transaction is very fluid. But here is generally what to expect when you find a place you want to call your own:

You walk into a house and you feel at home. You want it.
I (assuming I am your real estate agent) call the listing agent and ask the following questions: When will the sellers be looking at offers? Do you have any other offers in hand. If so, are those offers above asking price? Cash? What else can you tell me about the offers? Would anything besides price be enticing for your sellers – a fast close, a rent back, etc.? What else can you tell me?
I work up a comp report and email it over to you so that you can see the most recent, like-kind properties that have sold in the immediate vicinity of the subject property. I also include a dissertation dissecting the comp report for you so that you feel confident that you know what the property is worth.
I call you to see if you have any questions about the comp report and to tell you what information I extracted from the listing agent. From there we discuss a game plan for an offer.
I write up the offer that we discussed and either send it over to you via Docusign (a software program that enables you to sign remotely) or we get together to go through the offer before you sign – whichever you prefer.
You email me your pre-approval letter from your lender (blog post about this is in the works) or your proof of funds if you are a cash buyer – a bank statement or a letter from an accountant.
I send the offer and financing information over to the listing agent.
We eagerly wait for a response. There could be several possible responses – the sellers just sign the offer (woohoo!), the sellers send a counter offer over to us, the listing agent calls and tell us multiple offers ended up coming in or the seller would like x,y or z…and gives us a second chance to resubmit. Plan on hearing from me a lot during this waiting period.
Hopefully you get under contract and the contract process begins.

Good Good is a Boulder area real estate agency. We specialize in helping good people find the perfect Boulder home. We’re low pressure but high touch. If you’re looking for someone to guide you through the real estate process in the Boulder area, we may be a good fit. Give us a call if you’d like to chat. We’re always happy to answer any questions you have about the Boulder area or give you a tour.

Thanks,

Katie (Good Good Founder) 720.415.4914 | Katie@goodgoodrealty.com

How Boulder County Attached Dwellings Behaved Compared to Single Family Homes in the Pandemic

Boulder Colorado Real Estate’s Seasonal Trends

First Time Home Buyers in Boulder: The Order of Operations of Making Offers

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