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BLOG – Kearney Realty Co.
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Boulder Neighborhood Guide 2018

Boulder Neighborhood Guide 2018

Boulder Neighborhood Guide I realized a few years ago that people coming from out of town were having a hard time characterizing the different neighborhoods within Boulder.  In response I created The Boulder Neighborhood Guide. In this report I have split Boulder into eleven different areas and present the lifestyle highlights, schools, shopping districts, local recreation and basic real estate statistics for each area. If you’re interested in learning more about the different neighborhoods within the City of Boulder this may be helpful. I have just finished updating The Boulder Neighborhood Guide for 2018 and invite you to view or download it.  Here is a PDF copy Boulder Neighborhood Guide 2018 If you are visiting Boulder you may be interested in where to stay, where to eat, things to do and how to get around.  You may also be interested in walking some of Boulder’s neighborhoods.  I have created a few self-directed walking tours in Boulder that may be fun if you are visiting town.  To access all of that information go my “Visiting Boulder...
Luxury Market Update

Luxury Market Update

Boulder County Luxury Report Sales 2017 was a record year for luxury real estate in Boulder County.  During the year a record 490 properties sold for over $1 million.  Eclipsing by 15% last years total of 426.  As you can see by the chart below, the growth of the luxury market segment in this area has more than doubled since the pre-recession high in 2007.  The main factors causing this impressive growth are price appreciation and capital improvement.  Overall, the average home in Boulder County has appreciated approximately 60% over the past five years.  This has naturally brought homes that were not previously considered “luxury” into the $1 million plus range.  We have also seen an overall improvement in the housing stock over the past decade.  Expensive homes have been built on vacant lots and a significant number of homes have been extensively updated and expanded turning “stock” homes into showcase homes.  If you have had any work done recently to your home, you know that contractors are not easy to find and prices for renovations have gone up significantly.  Another factor in the quick rise in prices are the required “green” features and high permit fees which add to the cost of construction. The top priced sale for the year in the MLS was $6,700,000 and the median price for all sales over $1,000,000 was $1,370,000. Analysis of Current Inventory The table below shows the current listings in Boulder County by price range (as of February 24, 2018).  Let’s first talk about the orange column which shows the percentage of homes that are currently under contract.  Not surprisingly...
4602 16th Street, Boulder, CO — $525,000 – SOLD!

4602 16th Street, Boulder, CO — $525,000 – SOLD!

Neil just listed this great townhome style condo in North Boulder.  This unit has so many great features! It’s a three-story end unit that is filled with light, tons of windows. You’ll find high end finishes which include: quartz countertops, real hardwood floors, stainless steel appliances, upgraded cabinets, nice tile backsplashes and flooring, 2 en suite bedrooms upstairs, unfinished basement-great for storage or ready for you to finish, upgraded window coverings, detached garage right out the back door, cute covered front porch. Great North Boulder location. This one really shines, check it out! Finished Sq. Ft. = 976 Total Sq. Ft. 1,464 2 bedrooms 3 bathrooms Detached one car garage Unfinished basement      ...
The Kearney Report – 4th Quarter 2017

The Kearney Report – 4th Quarter 2017

The Kearney Report – 4th Quarter 2017 I have just finished up The Kearney Report for the 4th Quarter 2017.  This report gives an in depth view of the real estate market in Boulder County as well as in the sub-areas of; City of Boulder, City of Longmont and East County (Louisville, Lafayette, Superior, Erie).  To download and view the report click this link The Kearney Report 4th Quarter 2017  I always provide my reports to you free of charge and without the need to sign up for a list.  You can also view it online below. We saw a big drop in sales and activity during the 3rd quarter.  During the 4th quarter the market stabilized.  Sales in Boulder County were roughly equal to where they were during the 4th quarter of 2016. Here are a few highlights for the quarter (mostly compared with 4th quarter 2016): Boulder County: The median price for the quarter was $480,000. This represents a 14% increase from the same quarter last year. It took 5 days longer to sell a home during the 4th quarter. There were 3.5% fewer homes on the market at the end of the year. At the end of the year there were 3.34 months of inventory on the market.  Still a seller’s market. City of Boulder: Sales during the quarter increased by 8.5%. Median price of $686,300 (for both condos and single family homes) up 12.5%. It took 7 days longer on average to get a home in Boulder under contract. Now 29 days. 3.65 months of inventory at the end of the quarter.  Just a bit higher...