THE MARKET IS ABNORMALLY HOT
2425 Canyon Boulevard Suite 101 Boulder, CO 80302
Typically, the real estate market tends to hit the brakes in the fall, as kids return to school and families juggle work, extracurriculars, and the upcoming holidays. But that’s not what’s happening. Homes are getting snapped up faster as values rise and mortgage rates continue to slide. WHY IS HOMEBUYING TAKING OFF NOW? Experts can’t point to just one reason why homebuying has defied expectations as we face a still uncertain economy and elevated levels of unemployment. Why is there such a big appetite now? Low mortgage rates? More space to work from home? Buyers who waited for the pandemic to subside? It’s likely a combination of a few or all of these factors. Buyers who were held back during the spring watched mortgage rates drop. Now that businesses are opening and more people are finding ways to live safely, the homebuying hesitancy has subsided. Low rates are just adding extra impetus to an already motivated buying segment. HOW THE PANDEMIC SHAPED THE MARKET Experts agree; the coronavirus has changed what people are looking for in a home—but to what extent is up for debate. Are people really abandoning major cities to buy houses in the suburbs?
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Broker Associate 303.818.7500 JohnMac@BoulderCo.com
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Data suggests an interest in more space but not necessarily leaving the city. Many want to trade in their penthouse for a townhouse rather than leave the city. “After analyzing a slew of housing market data, we have not seen suburban markets strengthen compared to urban ones, nor an increase in search activity for single-family detached homes,” says Cheryl Young, senior economist at Zillow. Regardless of where you live, extra space is commanding buyer interest. “With unusually high buyer interest this late in the homebuying season, buyers are moving much faster than this time last year to beat out competition and lock in low mortgage rates. This means homes are sitting on the market for much less time, despite notably higher price tags.” —Danielle Hale, Realtor.com Economist by Forbes.com. Published September 11th, 2020 at 12:18pm by Forbes staff.
Flatirons Elementary Neighborhood Real Estate Market Report | December 2020 Search available homes, discover the value of your property, receive helpful tips for selling your house, and more on my website:
www.FlatironsElementaryHomes.com
Presented by
John McElveen , Your Flatirons Elementary Neighborhood Specialist
Flatirons Elementary Neighborhood | Market Report Flatirons Elementary Homes Currently Listed
Your Flatirons Elementary Neighborhood Specialist
John McElveen
Bedrooms
Bathrooms
Estimated Total Square Feet
List Price
List Date
845 Grant Place
1
1
738
$950,000
08/06/19
Active
882 University Avenue
4
2
1,961
$1,300,000
10/15/20
Active
930 Grant Place
5
4
3,260
$1,750,000
09/25/20
Active
1228 7th Street
3
3
3,171
$1,850,000
06/20/20
Active
950 6th Street
3
2
1,845
$2,175,000
10/30/20
Active
1010 Rosehill Drive
4
3
2,756
$2,290,000
11/03/20
Active
941 8th Street
4
4
3,463
$2,295,000
10/13/20
Active
450 College Avenue
4
4
4,154
$3,750,000
03/05/20
Active
601 Baseline Road
5
4
4,024
$4,250,000
10/08/20
List Status
Address
Active
Broker Associate RE/MAX of Boulder
303.818.7500
Flatirons Elementary
JohnMac@BoulderCo.com www.FlatironsElementaryHomes.com
Local Experts, Globally Connected!
I take pride in representing our community and protecting its home values. I look forward to another year as your trusted local resource for any of your real estate needs!
There are currently 2 homes Pending in Flatirons Elementary. For more information, call me today at 303.818.7500. Homes Sold In The Last 90 Days Bedrooms
Bathrooms
Estimated Total Square Feet
List Price
List Date
Sold Price
Sold Date
1320 6th Street
3
3
2,170
$1,395,000
10/01/20
$1,445,000
11/06/20
Sold
960 7th Street
4
3
2,701
$2,295,000
07/16/20
$2,175,000
09/30/20
Sold
505 College Avenue
4
4
4,026
$3,150,000
07/13/20
$3,250,000
09/25/20
Sold
985 Gilbert Street
5
6
6,712
$5,950,000
08/18/20
$5,675,000
09/18/20
Sold
800 Willowbrook Road
4
5
3,864
$2,975,000
01/14/20
$3,071,800
09/14/20
Sold
422 Arapahoe Avenue
3
2
1,073
$1,050,000
08/29/20
$1,050,000
09/09/20
Sold
401 Arapahoe Avenue
4
2
1,680
$760,000
07/07/20
$765,000
09/04/20
Sold
351 W Arapahoe Lane
4
4
3,822
$1,749,000
08/17/20
$1,749,000
09/04/20
Sold
850 Circle Drive
3
2
2,682
$1,895,000
06/10/20
$1,713,000
09/03/20
Sold
780 Grant Place
3
4
3,801
$1,895,000
07/02/20
$1,750,000
08/25/20
List Status
Address
Sold
John McElveen and RE/MAX of Boulder and The RE/MAX Collection are not in any way affiliated with Flatirons Elementary Home Owners Association, nor is this in any way an official advertisement or publication of Flatirons Elementary. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Information and Real Estate Services, LLC (IRES) between August 19th, 2020 and November 19th, 2020. Listings and sales may not be those of RE/MAX of Boulder and The RE/MAX Collection. The IRES MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | © 2020
KIND WORDS FROM A RECENT CLIENT “John knows everything there is to know about real estate in Boulder and the surrounding areas. His guidance on neighborhoods, construction topics and financing was extremely valuable. If there was any question he couldn't answer, he tapped into his vast resources and got right back to me. In the end, I'm living in my dream home and very amazed at the process John employed to get me here. He's a real estate maestro!” — Cheryl G. FlatironsElementaryHomes.com