If you do not live in the Boulder area you may not be aware that the real estate market here is somewhat contained in its own “bubble”. Because of the lack of space to build new properties and the continual draw to area for prospective residents, the Boulder real estate market has remained stable throughout the recent economic crisis. Now as homes are beginning to appreciate throughout the country and state, Boulder too is seeing additional growth.
Recent reports claim that residential property sales in Boulder are up 24% from the previous year with inventories lower then ever. As a result of these circumstances home sellers in Boulder are receiving multiple qualified offers within days of going on the market and are frequently getting their asking price or very close to it. This trend can be seen most clearly in homes that go for under the $500,000 price range.
The lack of inventory is making it harder for agents and prospective buyers to find adequate homes that meet specific criteria. This means that buyers need to be vigilant in their search and stay as current with listings as possible. Although this may make find your dream home a bit more difficult it is good news for sellers who are motivated, and ultimately the market in general. As home sales continue to grow and values appreciate the hope is that more home sellers will be encouraged to put their homes on the market as they will have more confidence in it.
For people interested in moving to Boulder these statistics show that now is the time to buy before prices appreciate much further. Likewise for people looking to sell their homes in Boulder Country, this indicates that now may also a good time to sell as you will likely receive a positive response as long as your home is fairly priced.
For more information about homes for sale in Boulder Colorado please contact us at Boulderhomes4u.com