Boulder Housing Market Inventory Holds Steady
The word I’m hearing from fellow Boulder real estate agents is that inventory feels steady. The official numbers bear out the same story. we currently have about four hundred units of housing available on the market. Please keep in mind some of that “available” property is under contract.
Two months stability is good news to Realtors near me working with local home sellers. Find your dream home today!
Boulder Median Home Price
Long gone are the days of opportunities in lower price point such as the three hundred or four hundred something. Although, that said, there was a sale recorded way down at $499,000 during the prior 30 days. Today, the median home price for a Boulder home for sale is one million two hundred fifty five thousand – that’s right, a whopping: $1,225,000!
The top home sale in the past thirty days clocked in at $8,700,000. Not too shabby for Boulder.
Top real estate agents locally say the days on market for a successful sale is lengthening. Back in July of this year, it was a tad over three months. Fidelity Title Company just released data says the figure is closer to four months (120 days). What does this mean for you?
- Home Buyers are not rushing into decisions nearly as quickly as a year ago today.
- Home Sellers need to stay fluid and open minded to home price repositioning.
Meanwhile,several real estate agents in my office are noticing the median house rent depreciate. This month it is hovering right around $2700.
Keeping in mind homes further west, or walking distance to downtown or offering smashing views are getting better rents!
When Homes Are Not Selling, What Do Real Estate Agents Do?
On occasion, the best marketing, research and pricing do not result in the desired sale. Or market conditions change, such as we are witnessing now with the movement from a Sellers Market to a neutral market. And then what? Real Estate Agents need to stay ahead of what’s going on to keep you – our valued clients – well informed. And sometimes, this can result in repositioning your home price-wise to be more competitive.
And the stats show that around Boulder, better than one in two homes is experiencing a price repositioning in 2019. This is up from July when only about forty percent of homes required a new price.
Price adjustments are not the end of the world. In fact, one pricing strategy I discuss with clients is purposefully listing above the value of a home and then making planned adjustments to price until we secure an offer. This strategy creates an opportunity to nail the very highest and best price ever for a home like yours!
The tough part is the emotional side of agreeing to change the price as time moves along.
Your Best Realtor Bob Gordon
I’m Bob Gordon, Boulder Realtor and thank you for checking out my blog. I post frequently on market conditions, new inventory, stories of working with clients (just like you) and things to see and do around Boulder Colorado. I invite you to leave a comment if you found this update helpful or reach out directly to me to find your dream home or get your house sold for top dollar in today’s competitive real estate marketplace.