This document provides a market analysis and summary of real estate conditions in Boulder, Colorado from a real estate firm called Silver Fern Homes. It summarizes housing inventory, sales volumes, absorption rates, and notable property sales for both single-family homes and townhomes/condos. It also introduces the Silver Fern Homes team and spotlights a local nonprofit the firm supports.
1. THE SILVER FERN REPORT: Boulder An analysis of real estate market conditions in Boulder, Colorado January, 2011 Phone: 303 586 1241 | www.silverfernhomes.com
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3. Boulder, Colorado Phone: 303 586 1241 www.silverfernhomes.com “ Our goal is help you get the most value from your unique real estate situation. We offer our clients the latest market information, straight forward advice and the highest standards of service.” - Osman Parvez, Co-Founder
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5. Spotlight: Circle of Care Circle of Care is dedicated to providing accessibility to the arts, education and social/civic opportunities for the homebound elder, senior facility residents and older adults with physical, cognitive and financial challenges. Learn More Silver Fern donates 5% of every commission to local non-profits. 2009 Recipients: Boulder Shelter for the Homeless Colorado Chautauqua Association Greenwood Wildlife Rehabilitation Sanctuary Big Brothers Big Sisters I Have a Dream Foundation Circle of Care Growing Gardens Intercambio de Comunidades Wildlands Restoration Boulder Emergency Squad Boulder Day Nursery Citizens' Community Television 2008 Recipients: Archway Wildlife Rehabilitation Association for Community Living Big Brothers, Big Sisters Boulder Humane Society Boulder Shelter for the Homeless Front Range Center for Assault Prevention Greenwood Wildlife Rehabilitation Center I Have a Dream Foundation Circle of Care The Medicine Horse Program 2010 Recipients: Boulder Community Hospital Foundation Circle of Care Big Brothers, Big Sisters of Colorado Humane Society of Boulder Valley Medicine Horse Program Front Range Center for Assault Prevention Imagine! Foundation Growing Gardens Boulder Day Nursery Boulder Valley Rotary Community Foundation Intercambio de Comunidades I Have a Dream Foundation BouldeReach Boulder Shelter for the Homeless
13. Notable Sales Modern and High End 1676 Sunset Blvd Key Statistics: 4 Bed, 6 Bath 6,790 SQFT Sold: 11/15/10 Days On Market: 727 Sold: $2,785,000 % of Original Asking : 63% Such a beautiful house, there isn’t space to describe it. Clean, contemporary design and very sophisticated. It must have been painful to construct this gem at the peak of the market, only to partially recover the cost when the market turned. Powerlines Matter 755 Grape Ave Key Statistics: 3 Bed, 2 Bath 1,538 SQFT Sold: 12/07/10 Days on Market: 175 Sold: $538,900 % of Original Asking : 95% The market for homes on this street are impacted by power lines. What might have seemed like a bargain can become difficult to sell later. This one was purchased in 2006 and resold 4 years later at a substantial loss. Martin Acres Land Grab 3655 Martin Drive Key Statistics: - Bed, - Bath 4,069 SQFT Sold: 10/01/10 Days on Market: 194 Sold: $400,000 % of Original Asking : 73% Used a church, this vacant property sits on two 7,000 SQFT lots. The seller used wishful thinking to set the asking price at $550K. They missed the summer selling season and accepted a much lower offer in the fall.
19. Notable Sales The High End Is Alive 3120 Corona Trail #301 Key Statistics: 2 Bed, 2 Bath 2,181 SQFT Sold: 10/29/10 Days On Market: 317 Sold: $152,900 % of Original Asking : 90% It’s not easy to find a 2 bed, 2 bath condo in Boulder at this price. The location is improving and this should prove a good long term investment. Disclosure: SFH represented the buyer. One Penn Plaza 2801 Pennsylvania Ave #204 Key Statistics: 2 Bed, 3 Bath 2,164 SQFT Sold: 12/15/10 Days on Market: 265 Sold: $550,000 % of Original Asking : 73% Beautifully finished, solid construction, and well appointed. The location is improving but still challenged, a fact reflected in the large discount from asking. Rebuilt but Tough to Sell 1201 Balsam Ave #302 Key Statistics: 1 Bed, 1 Bath 749 SQFT Sold: 11/12/10 Days on Market: 600 Sold: $332,000 % of Original Asking : 73% These condos were originally built in the 1950’s and recently completely remodeled. Nice location, but fronts a very busy street.