Tom Cohen REALTOR®, CRS, GRI
2425 Canyon Boulevard, Suite 110 Boulder, CO 80302
303.441.5623 TCCohen@BoulderCo.com www.EastBoulderHomes.com
Each Office Independently Owned and Operated
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Prepared Especially for Jonathan-Thomas and Angela-Marie Williams
THE SELLING FRENZY IS COMING NOW IS T HE T IME T O GET Y OU R HOME READY TO SE L L! Source: https://www.mymove.com/buying-selling/covid-19/post-covid-real-estate-frenzy/
// MARKET FACTORS
// ALWAYS ESSENTIAL
Prior to COVID-19, the housing market showed signs of a hot spring season. The pre-pandemic market strength gives many experts hope that losses are temporary.
What separates the stability of the housing market from other economic indicators like the stock market? It comes down to need. People will always need a place to live.
The comeback is expected to be quick. With historically low interest rates, home buyers and investors will start buying at the first signs of normality. This will only delay spring purchasing, setting the stage for a frenzy by July.
After regulations lift, there will certainly be hesitant buyers, but there will also be those patiently waiting to enter the market and take advantage of low interest rates. Life itself is not paused, and large life events haven’t stopped.
// RESILENCE During four of the last five recessions, home prices continued to increase. The only exception was in 2008; however, this was triggered by real estate itself. While the housing crisis is still fresh on our minds, the U.S. housing market has weathered all other recessions since 1980. Traditionally, the housing market actually aids the economy in recovering from recessions.
WE ’RE AL L IN THIS TOGE T HER
Jonathan-Thomas and Angela-Marie, Timing is critical to take advantage of the coming market. Waiting until summer will be too late – it’s important to stand out. Call me to help get your home ready; it’s what I do best! 303.441.5623.
E ast Boulder www.EastBoulderHomes.com
REAL ESTATE MARKET REPORT
JUNE 2020
Jonathan-Thomas and Angela-Marie, Homes are still being bought and sold in the midst of this pandemic. If you need to sell your house and would like to know the current status of your local market, contact me today at 303.441.5623 to create a safe and effective plan that works for you and your family.
East Boulder Homes Currently Listed List Status
Street Name
Beds
Total Baths
Estimated Square Feet*
List Price
Active
Waite Drive
3
3
2,200
$789,000
East Boulder Homes Currently Pending List Status
Street Name
Beds
Total Baths
Estimated Square Feet*
List Price
Pending
Landis Court
5
4
3,200
$949,000
Pending
Laurel Avenue
3
2
2,700
$1,045,000
Pending
Centennial Trail
5
4
4,200
$1,150,000
East Boulder Homes Sold In The Last 90 Days List Status Street Name
Beds
Total Baths
Estimated Square Feet*
List Price
Sold Price
Closing Date
Sold
Kennedy Court
4
4
2,700
$939,000
$914,000
05/11/20
Sold
Mckinley Drive
5
3
3,100
$875,000
$780,000
04/22/20
Sold
Aurora Place
3
3
3,500
$1,250,000
$1,190,000
04/17/20
Sold
Crescent Drive
3
3
2,800
$1,190,000
$1,150,136
04/13/20
Sold
Laurel Avenue
4
4
3,800
$1,499,999
$1,424,500
04/06/20
Sold
College Place
4
3
5,100
$1,350,000
$1,350,000
03/31/20
Sold
Lodge Lane
4
4
3,600
$839,000
$829,000
03/26/20
Sold
Mckinley Drive
4
3
2,700
$799,500
$799,500
03/12/20
Sold
Cascade Place
4
4
3,800
$989,000
$1,000,049
03/05/20
Tom Cohen and RE/MAX of Boulder, Inc. are not in any way affiliated with East Boulder Owners Association, nor is this in any way an official advertisement or publication of East Boulder. Š 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 MLS) between February 15th, 2020 and May 15th, 2020. Listings and sales may not be those of RE/MAX of Boulder, Inc. 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. *Estimated square feet rounded down to the nearest hundred.
Presented by Tom Cohen, Your East Boulder Real Estate Specialist Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | Š2020