For graphic purposes only. Bears no relevance to content whatsoever.
Boulder real estate sales reports from April are in, and as of that rainy month in 2009:
- The market for homes in the $300-400 K is tighter.
- The market for homes in the $1M-plus range is significantly softer, with only 2 sales in April, 2009 out of more than 50 properties on market.
Personal analysis: Just as the used car market is doing well, and new car sales are suffering, people still need and want to buy homes in the current economy; they’re just spending less. Further, appreciation matters more during these current economic conditions. Weigh the importance of how much lifestyle and construction matter against your need to make money on your investment relatively soon.
What this means to buyers:
- You’ve got negotiating leverage on high-priced luxury properties, particularly on luxury condos and attached dwellings.
- You may need to move a little faster than you thought you might have to on homes in the $300-400 range and lower.
What this means if you’re selling:
- Selling real estate right now priced under $400K means that you have a little wiggle room for mistakes. Perhaps you can get away with pricing on the higher side, or doing a little less with your marketing strategy. You may get away without staging your home, or really getting down to the nitty gritty with your aesthetic presentation.
- Selling a home at or around $1M or more means you’ve got to bring your A game. Hire the best agent you can find, and get everything right the first time: Pricing, preparation, and marketing.
Surrounding Areas:
Out of all Boulder-area communities, Longmont real estate seems to be fairing and recovering the best, but is still reporting high numbers of foreclosures.
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