March Market Update from Boulder County

We’re so very saddened by the tragedy that took place earlier this week in Boulder. Our hearts go out to our fellow neighbors, community members, and friends who were affected by this terrible occurrence in any capacity. We’re confident that our state and our community will prevail through strength and unity.

If there’s anything you and your family need during this time, please do not hesitate to reach out.

Visit the Boulder Office of Emergency Management to find out how you can help.

As always, the real estate market continues to push forward. Spring is typically the strongest season for real estate, and we’re hopeful that the trend will continue.

Boulder County Numbers

New – New Listings

PC – Price Changes

Sold – Sold Listings

AB – Under Contract Listings

Good news – we saw the highest number of new listings in the past week than we’ve seen all year so far! We’re still at 77% of what we were at this time last year as far as new listings go, but it’s progress!

Price Bands

Mortgage Rates

As interest rates have increased slightly, we may see a decrease in demand. Although this small of a rate change does not impact mortgage payments exponentially, part of the large draw to buy was the lowest rates we’ve seen in quite some time.

For months in a row, we’ve had the two largest factors in the real estate market working against each other – supply and demand. If we see a slight decrease in demand, it could give us the step ahead we need to have a decent supply for buyers still looking.

Showings

In terms of scheduled showings, our weekly average is higher than even 2019, our last “normal” reports before COVID-19 hit last March.
Could this be due to buyers having to schedule countless showings before they can land a home? Maybe. It could also be the start of the comeback we have planned for and were confident would happen.

We Have Buyers!

Boulder and Surrounding
1: Boulder/Gunbarrel, pre/off-market, nicer condo, 1 + bed, up to $500K

2: On “The Hill,” 2 single family homes or condos, 2+ beds, one up to $650K, one up to $850K

3: Longmont, 2+ beds, fixer upper, up to $250K

4: Lafayette/Longmont, 2+ beds, 2+ baths, up to $475K

5: Boulder County (close-in mountains), dedicated dining room, 3+ beds, 2+ baths, up to $1.2M

6: Louisville/Lafayette, single family home, 3+ beds, 2+ baths, up to $1M

7: Louisville/Lafayette, townhome, 2+ beds, 2+ baths, up to $600K

8: Boulder (CU or downtown areas), restaurant space, could take over current tenant, up to 2K square feet

9: North Boulder/Gunbarrel, updated interior, fenced yard, 3+ beds, 2+ baths, up to $1M

10: Superior/Louisville/south Boulder, 3+ beds, up to $1.1M

11: South Boulder/Louisville/Westminster/Broomfield (close to HWY 36 is ideal), condo, up to $250K

12: Near Boulder High School, up to $900K

13: Prospect, multiple Buyers, $400K – $1.4MM

Rural
1: Foothills (Lyons to Golden), 8-10 acres, 3+ beds, 2+ baths, up to $1M

2: Golden, 1-2 acres raw land, zoned for manufacturing, existing or able to build 10K-20K square foot warehouse

3: Nederland, 2+ beds, up to $600K

4: South of Nederland in mountains, privacy and trees, existing or room to build large storage building, up to $1.4M

Denver Metro and Surrounding
1: Broomfield/Westminster/Arvada, condo or townhome, single level, 3+ beds, 2+ baths, up to $500K

2: North Denver/Longmont, small multi-family complex, 4-12 units, up to $2M

3: Observatory Park/Cherry Hills/Cherry Creek/Hill Top/Belcaro, older historic home, mature neighborhood, office, 4+ beds, up to $3M

4: Westminster/Broomfield, investor looking for single family home, up to $550K

We Love Serving Our Communities

Here at RE/MAX Alliance BoCo, it is always our goal to help the individuals, businesses, and causes in our communities. We’re not just in the business of real estate, more so, we are in the business of helping those in need. Please consider helping us support the businesses and causes below:

Children’s Miracle Network

Donate Blood and Platelets. If you’re healthy and able to leave home, the Children’s Colorado Blood Donor Center in Aurora is seeking blood donations. More information about donating blood can be found here.

Longmont Humane Society

We’re a proud partner with the Longmont Humane Society. Please consider donating by following this link, OR purchase items from their Amazon Wishlist to be delivered directly to them!

We will cover your adoption fees on Kane, if adopted by March 31st. Don’t forget to mention RE/MAX Alliance Boulder County!

Or consider donating to…

Community Food Share

Nederland Food Pantry

Sister Carmen Non-Discriminatory, Non-Religious Family Help

Feeding America Local Food Banks

Safe Shelter of St. Vrain Valley

Boulder Shelter for the Homeless