It’s spring and homes show better in the spring than at any other time of year. Seasons are becoming less of an issue. January, February and March were some of my best months thus far since 1998.
Buyers for Boulder real estate are psyched to buy now. Buyers have taken to stealthing out sellers in neighborhoods, where nothing is for sale and at parties, ears perk at the merest hint of anyone thinking of selling.
Negative economic news continued to play a big part in the sluggish home sales during most of last year. People have pent up demand. The stock market has come back and buyers are feeling flush.
Bad economic news and massive uncertainty lowers consumer confidence. With all the negative economic news it tailspins buyers in to feeling little to no confidence. That is over in Boulder where buyers are abundant and houses for sale are few, driving prices up and bringing multiple offers on homes properly priced.
With consumer confidence on the upswing; interest rates historically low and unemployment decreasing; we have the perfect storm for Sellers. High-demand, low-inventory market gives sellers an edge.
These positive indicators combined with a drop in homes for sale at the end of 2011 and a decrease in unemployment may provide huge opportunities for sellers in 2012, provided their homes are priced right for the market.
Any major surprise on the economic front could change the picture, but regardless of the economic indicators, the best time to sell is when the time is right for you, the Seller.
Michael is a longtime resident of Boulder and has been in real estate since the mid 90′s and with Sotheby’s International Realty since their inception in Boulder County and along the front range. About Me If you have questions regarding this article or would like information about Boulder real estate or Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes
It’s been noted lately that the “inventory for new homes in Boulder is fairly thin.” That is an understatement. I have not seen so few homes on the market since around 1999. I know this because as a Realtor I was also in the market in 1999 for a home for myself and my kids after a divorce. There wasn’t much available. Have you noticed also, that prices in that all too familiar log jam, are starting to break and move up if ever so slightly, much to sellers’ delight.
My theory; the Boulder buyers market as we knew it, is over. Hail in the new Sellers Market. Not that you can overprice and expect to sell quickly, however if you do put a reasonable price on a property you will sell. Condition of course as always must be stellar. Location; the closer to the heart of Boulder all the better.
Like stocks you’ll never sell at the top nor buy at the bottom. That only happens after the curve is established. Boulder real estate has always been a great investment . The average Boulder real estate homeowner who purchased in 2002 gained 28% in equity while those who bought in 1998-2001 have gained about 46% and that in a “down market.” Mortgage rates have declined over the past 50 years to record lows.
Now is a great time to sell. With the lowest inventories since 1999, record low mortgage rates and demand that is solid, now is the time to sell your Boulder real estate. For maximum global exposure a Sotheby’s marketing plan tailored to your property is the way to go; focusing on “Lifestyle” not bedrooms and bathrooms. Every buyer looks to satisfy a lifestyle, a need for living the reflection of their hopes and dreams. Sotheby’s International Realty is the only website and marketing plan that allows buyers and sellers to search via lifestyle criteria. Sotheby’s is a true International brand and not simply a loose marketing alliance. Consistency yields results.
Michael is a longtime resident of Boulder and has been in real estate since the mid 90’s and with Sotheby’s International Realty since their inception in Boulder County and along the front range. About Me If you have questions regarding this article or would like information about Boulder real estate or Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes