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Mark Bossert
Bossert Residential, LLC.
The Buyer's Advocate
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Fabled Caribou Ranch sells for $25 Million
What remains of the fabled Caribou Ranch near Nederland where legends made music in the 1970s and '80s has been sold for $25 million, according to public records. Read more...
Colorado unemployment drops to 5.5%, but 150,000 still are out of work
Colorado's unemployment rate dipped to 5.5 percent in June, the lowest rate of unemployment since October 2008 when the rate was 5.3 percent, and down from 5.8 percent in May. Read more...
CU regents approve creation of College of Media, Communication and Information on Boulder campus
Recession? What recession? Home values high
May was another record month for local residential home sales. In Boulder, Broomfield, Larimer and Weld counties, there were 1,958 closed sales valued at almost $650 million, with a median price of $269,000 - the highest ever - and a 7.6 percent increase over last year. Read more...
Longmont's Twin Peaks Mall slated for demolition Aug. 1
NewMark Merrill Mountain States, owners of the mall, have announced that August 1 will be Day One of the mall's demolition. The 100-ton excavator and claw will have a target as it proceeds to tear into the building: a giant Gamma Acosta mural being painted on the former Sears building, on the northwest corner of the mall. Read more...
Louisville to consider blight designation for former Sam's Club
Louisville City Council will consider a blight designation for its largest retail building following a discussion last week about what direction to take with the vacant former Sam's Club building on McCaslin Boulevard. Read more...
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What's Moving continued... |
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| 4841 Tanglewood Ct, Boulder |
Gunbarrel home located in east Boulder a couple of blocks from the Boulder Country Club. 5 bedrooms, 3 baths and 2586 total square feet on a corner lot. 3 bedrooms on the upper level, one on the main level and another bedroom located in the lower level. Recent upgrades include a new roof, new windows, and furnace. Kitchen and baths in need of some updating. 2 car garage. Listed in June for $429,000, this property was under contract after 3 days and sold in mid July 2014 for $7,000 over asking price. Sellers paid $375,000 in 2001.
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| 350 S. Jefferson Ave, Louisville |
Louisville home backing to open space and walking distance to downtown. Light, bright, open floor plan. 1576 total square feet located on main level and basement. 3 bedrooms, one on main level and two in the basement, and two baths. Hardwood floors, new paint, baths remodeled, granite tile countertops in the kitchen, 2 car garage, and a fenced yard and dog run. Third bedroom in basement is non conforming. Listed in mid May 2014 for $399,000, this property was under contract after 5 days and closed for full asking price on July 1, 2014. Sellers paid $310,000 in 2009. |
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Contact First Name
Boulder Colorado vs. Palo Alto California
I've heard people making the comparison lately, but we are definitely not there yet. The median sale price in Palo Alto California is $2.19, and in June 2014, Boulder's median sale price was $726,335, up over 12% from June of last year. And Palo Alto's median sale price per square foot is $1,185, and Boulder in the mid $300's. Boulder currently has a listed property downtown at 1155 Canyon, priced at over 5 million dollars for 4,400 square feet which equates to a asking square foot price of $1,211, and that property is under contract. Last November 2013, a Mapleton Hill home sold for a finished price per square foot of $885, selling for almost $6.5 million. Boulder prices are trending upward, but comparing Boulder with Palo Alto's real estate market is not yet realistic, as the above sales are the exception, and not the norm.
Boulder's market has been tight with low inventory, and that is driving up prices. Monthly active listings in June 2014 were down almost 15% from June of last year. Seller's are testing new levels, pricing their homes above comparative sales, and many of those homes are selling within days. Values are climbing and property owners are benefiting with increased equity, but values don't seem to be increasing at a fast enough rate for more sellers to jump into the market. Now that we are past our peak sales season, significantly more inventory for the remainder of the year is not anticipated.
Visiting Boulder soon? Check out the Downtown Boulder Bungalow at http://www.vrbo.com/363274. For the price of a downtown hotel room, consider renting a two bedroom, freestanding home, located a block and a half from the Pearl Street Mall. Vaulted ceilings, skylights, hardwood floors, full kitchen, gas fireplace, central air conditioning, washer and dryer, flagstone patio with gas grill, and parking.
And if you know anyone moving to Boulder or in need of any information about Boulder County's real estate market, I would appreciate it if you pass my name along.
Best regards,
Mark
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| 511 Highland Ave, Boulder |
Mapleton Hill home on one of my favorite streets. 3079 total square feet, 3 bedrooms, 3 baths, and an oversized 2 car garage. Walk to the Pearl Street Mall and Mt. Sanitas for hiking. This property was completely stripped to the studs and rebuilt. Modern feel inside. Hardwood floors, master suite with private deck and luxury bath, lush gardens and huge decks. Listed in early May 2014 for $1,525,000, under contract after 34 days, this property sold in late July 2014 for $1,435,000.
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| 5230 2nd St, Boulder |
Very modern home in Northwest Boulder in Dakota Ridge on premium lot facing open space. Built in 2013 with panoramic views and instant access to trails for hiking and biking. 4097 total square feet with 4 bedrooms and 4 baths. Elevator connecting all 3 floors, multiple decks and patios plus rooftop deck with fire pit, 3 car garage, finished basement, large wood windows and wide-plank hardwood floors. Listed in April 2014 for $1,545,000, under contract after 74 days, this home eventually sold and closed on July 18, 2014 for $1,522,500.
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| 751 Grant Pl, Boulder |
Chautauqua Heights home with 2467 square feet with 3 bedrooms and 3 baths. Updated in 2011 and located only one block to Chautauqua Park. Open floor plan, hardwood floors, and stainless steel appliances in a brand new kitchen. Master suite on the second level with a balcony overlooking the lush backyard. This home does not have a garage. Listed at the end of May for $925,000, under contract after 6 days, this home sold in mid July 2014 for $920,000.
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