A4HB Homebuyer's Blog

Market Update for March 2021

Market Update for March 2021 Eight years ago, in March of 2013, we suddenly found ourselves conducting most showings with 3 to 10 groups in the house with us. It felt like all the buyers who’d put off buying during the Great Recession had re-entered the market the same week, fundamentally transforming our business and the challenges buyers faced. Rather than adding contract clauses that gave our clients additional leverage or protection, we were drafting clauses that limited our clients’ rights to negotiate over inspection issues, low appraisals, and other issues. Rather than trying lower the price through negotiations, we

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Home Prices Way Up, but Interest Rates Keep Costs Down

Home Prices Way Up, but Interest Rates Keep Costs Down Home prices have increased dramatically in Boulder County and the Denver Metro area over the past 10 to 20 years, but lower mortgage interest rates have limited increases in housing costs for most home buyers. For the lucky few who can pay cash for their home, home prices and buying costs are essentially the same. But for most home buyers, the interest rate on their home loan has a big impact on buying costs.Check out the chart below and you’ll see that the median price for what we call a midsize home in Boulder

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2020 Market Stats

2020 Market Stats For a year that started out with a 6-week prohibition on home showings, what jumps out from our real estate market stats is that they show very little change from the strong seller’s markets of the past decade. The insanely tough market we’ve had since 2013 quieted just a bit in 2018 and 2019, with price increases dropping from 10% a year to about 3%. But despite the pandemic and slowing economy, the average price increase for single family houses in the communities we cover jumped from 3.2% in 2019 to 5.7% in 2020. Consistent with this, more properties sold

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Comparative Housing Prices in Local Communities

Comparative Housing Prices in Local Communities Anyone familiar with the our real estate market knows that Boulder has always been the most expensive city in the area and that home prices have consistently increased there year after year. When we started tracking housing prices in 1997, the median price for midsized house in Boulder was $260,000, a price that had jumped to $960,000 by June of 2020. This is the pattern of price increases we’ve seen for other communities in the area as well, with Louisville prices moving from about 200K in 1997 for this size home to 700K now,

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