It's Green Year-Round In Boulder, Colorado

Even on those rare days when the Flatirons are socked in by clouds and the ground from Pearl Street to Chautauqua Park is covered in a blanket of snow, green is everywhere in Boulder, Colorado. By 'green' I mean eco-friendly ... a badge that Boulder has proudly worn even when "being green" wasn't a coast-to-coast corporate mantra. For example...

• Did you know that the Boulder Community Foothills Hospital is the first LEED-certified hospital in the country?


• Did you know that Boulder's 29th Street shopping district has designated preferred parking for hybrid vehicles?


• Did you know that CU-Boulder's Folsom Field is the country's first zero-waste collegiate football stadium?


• Did you know you can take a self-guided telephone tour of Boulder's commitment to green living?

I discovered these facts in a 16-page guide produced by Boulder's CVB. It's called "City of Boulder and Boulder County: Leading the Way in Green from Science to Sustainability" and is worth reading if you ever doubted Boulder's status as a 'green goddess'. Most relevant to the Boulder real estate industry is page 4 of the guide that discusses critical initiatives affecting property owners and builders...height restrictions, Boulder's mandatory 'Green Points Building' program and Boulder's approach to growth as its quality of life attracts droves of outsiders.

It's interesting reading no matter which side of the fence you're on when it comes to Boulder's bold approach to being green!

Boulder Area Horse Properties Rare But Not Obsolete

With land at such a premium in and around Boulder County, properties that have substantial acreage, a sophisticated home and equestrian amenities are few and far between. But they do exist, and I have some fantastic horse properties listed in various price ranges. Here's a brief snapshot of a few great opportunities to own luxury equestrian properties in or just outside Boulder County:

5310 Caribou Springs Trail sits on more than 6 acres within the esteemed Caribou Springs Ranch, a gated luxury community just north of Boulder in east Longmont. In addition to great views and a spectacular 6,230-square-foot home with incredible Colorado-style interior finishes, the property also offers multiple fenced pastures to accommodate horses. There's a guest house, too. What draws a lot of horse enthusiasts to Caribou Springs Ranch is the community's optional shared horse barn with ranch manager who can care for your horses while you're away. There also is an extensive network of recreational trails that encircles the community...and phenomenal views of Boulder's foothills. It's a horse haven with convenience and security all rolled into one. Priced at $2.495 million. Click here for more details.

The Phoenix Ranch, just east of Caribou Springs Ranch, is more than a fabulous horse property. It's an "everything" property. For the truly discerning luxury buyer, there's not a finer estate in Boulder County. With 40 lush acres, an exquisite 10,000-square-foot residence, a 5,000-square-foot heated barn, a custom in-ground pool, tennis courts, basketball courts and county approval to add even more equestrian amenities, The Phoenix Ranch is among the most rare luxury properties in Northern Colorado let alone Boulder County. I've created a separate website for this property. Visit it at http://www.thephoenixranch.com/ to view a slide show and get more details. The Phoenix Ranch is offered at $8.195 million.

Just east of the Boulder County line in western Weld County is 1767 WCR 20.5, a charming acreage that offers 11+ acres with mature landscaping, a large private pond, superb

mountain views and completely fenced horse pastures. The property includes a 2-story home with 4 bedrooms, 3 baths, covered porch & many interior updates. Outbuildings include a separate office/studio, equipment shed and oversized 3-car garage/workshop. Offered at $989,000, and owner carry is available with negotiable down payment and terms. Click here for details.

These are just a few among the collection of properties I have in my inventory of luxury homes and estates that currently have or could easily accommodate horses and equine amenities. Looking for the perfect land/home package to suit you and your horses' needs? Email me or call me at 303-443-6161.

New To the Market: Boulder Home Features Priceless Views, Stunning Location

Thanks to everyone who came out for yesterday's open house tour in Niwot and Boulder. It was great to get a taste of Spring activity and experience some momentum heading into the busiest season of the year!

There's one special listing that wasn't on the tour but certainly is worthy of a luxury buyer's attention. I just listed it week and it is spectacular. It's located at 2695 Lafayette Drive in south Boulder, a thriving area where pop-tops and scrapes are revitalizing the neighborhoods once reflective of the 1960s and '70s. This home, just shy of 7,000 square feet, rests on a .63-acre lot perfectly positioned to capture unobstructed views of Boulder's cityscape and mountain range...Flatirons included. Anyone who knows anything about Boulder real estate understands the rarity and value of such a view corridor, and this home has one of the best in the city of Boulder.

The entire home was restored in 1998, thus giving it modern appeal and amenities while maximizing its views from the inside out. Today the home boasts 5 bedrooms, 4 baths, a state-of-the-art home theater, 2 offices, a sauna, a basement-level rec room with bar and salt water aquarium, a large craft room, luxury master bath, a 2-sided fireplace in the master suite and bath, a wood burning fireplace in the great room, a sun room and so much more. The home is enveloped in lush landscaping, flower gardens and expansive outdoor entertainment areas.

This home and its stunning location are offered at $3.499 million. It's truly one of the most view-oriented residences in Boulder County. View more photos or email me to schedule a private viewing of this masterpiece Boulder home.

This Sunday's Luxury Home Tour to Include 5 Incredible Legendary Properties

Boulder real estate's Spring sales season is here and we're kicking it off this Sunday, March 15th, with a luxury home tour featuring 5 of my premier listings.

The Sotheby's Spring Home Tour runs from 12 p.m. to 4 p.m. (each of my properties will be open at 12 p.m. but some of the tour's Denver properties open at 1 p.m.) and include the following luxury residences represented by The Legendary Team at Sotheby's International Realty:

• 6470 Cherry Court, Somerset Estates, offered at $3.95 million; preview it online at http://www.6470CherryCourt.com. For directions, click here.



• 6522 Legend Ridge Trail, Legend Ridge, offered at $1.595 million; click here to preview it online. For directions, click here.



• 8215 Cattail Drive, Somerset Estates, offered at $2.995 million; click here to preview it online.Click here for directions.
  



• 6359 Snowberry Lane, Somerset Estates, offered at $5.4 million; click here to preview it online. For directions, click here.



• 1385 White Hawk Ranch Drive, White Hawk Ranch, offered at $1.795 million, click here to preview it online. For directions, click here.

This tour will showcase several of the most opulent custom homes currently available in Boulder County. We hope you join us in kicking off what we anticipate will be a very busy and prosperous Spring 2009!

Legendary Home Auction Offers Innovative Alternative to Buying/Selling Luxury in Denver & Boulder

In today's luxury housing market, ingenuity and innovation are critical in bringing together buyers and sellers for a succesful real estate transaction. That is why I am extremely excited to announce something I have spent more than a year developing and refining in anticipation of a Spring 2009 launch...

The Legendary Marketing Group at the Sotheby's International Realty office in Boulder, Colorado, is taking the buy-sell experience to a new level with the Legendary Home Auction. With an unprecedented online auction forum that cost close to $800,000 to build and 18 months to launch, the Legendary Home Auction will expose some of Denver and Boulder's finest luxury homes and estates to qualified buyers around the world.

As proud Sotheby's International Realty affiliate brokers, the partners in Legendary Marketing Group will provide connoisseurs of luxury real estate an auction opportunity similar to the auction methods used for hundreds of years by the renowned Sotheby's Auction House. By providing a professional forum for motivated sellers and qualified buyers, we are accelerating the marketing process that successfully achieves fair market value for properties within a determined timeframe and on a non-contingent basis.

Stay posted!! We have sought out and pre-screened some of the Front Range's most elite residences that fit the profile of a luxury auction property. For more information on the homes slated for the Spring Auction or to get information on how to add your home to the auction, please register at http://legendaryhomeauction.com/. You may also email us at info@legendaryhomeauction.com.

Boulder Real Estate Faces Housing Size Dilemma

There's a hot button issue in the Boulder real estate and housing worlds. Locals know it as the "pop-and-scrape" topic. It's a common site in Boulder's old single-family neighborhoods such as the Newlands: Original homes are being bought for the land they sit on then torn down or massively rennovated sometimes leaving the neighboring old homes in their shadow. The challenge for Boulder City Council is to address the mounting concern by area residents without infringing on personal property rights.

Boulder City Council agreed on Wednesday on a set of regulations that may force builders to adhere to new limits on the percentage of a city lot that’s covered by finished square footage of a new home and to limit the length and height of outer walls.

So what about those who have already spent thousands of dollars and hours of energy coming up with architectural plans for their Boulder dream home? What if their plans match the regulations set forth at the time they commissioned an architect to draw the plans but now suddenly their house is too big for the proposed regulations? Boulder Planning board discussed a "hardship" exemption for these cases but then expressed fear that builders would use this as a loophole and the initial problem will rage on.

It's an issue that will continue to evolve as Boulder implements new programs aimed at managing growth and preserving the authenticity of its older neighborhoods. The City of Boulder has created a website explaining the housing size limitation issue. If you follow Boulder real estate, it's a great resource for understanding what the future of Boulder housing may or may not look like.

Luxury and Value Just Minutes From Boulder in White Hawk Ranch

If you're headed out of Boulder going east on Arapahoe Avenue (Highway 7) before you get to the town of Lafayette you'll pass by a stunning luxury community tucked far off the beaten path and perfectly sited to capture those classic views of the Boulder Flatirons and snow-capped Indian Peaks. The community, which boasts a Boulder address and feeds to Boulder Valley schools, is called White Hawk Ranch and it's home to some of Boulder County's most architecturally stunning homes.

One of my premier Boulder listings, 1385 White Hawk Ranch Drive, is no exception. Located in the heart of White Hawk Ranch, this 8,174-square-foot home and it's 1.2-acre lot represent Colorado contemporary style at its finest with walls of windows, soaring ceilings, handsome hardwoods and a floor-to-ceiling great room stone fireplace. Designed by Boulder architect Karl Whitten, the unique floor plan offers the spaciousness of a ranch-style home but as you descend from the main level down the home's central spiral staircase, you are suprisingly welcomed by cascading levels that offer a balance between recreational spaces and private areas like bedroom suites.

The centerpiece of the kitchen is an incredible work of art – a hand-crafted hood designed by mathematician and Boulder business owner Demetri Coupounas and made by Boulder metal artist Jessica Adams of Living Design Studios. Constructed of copper, iron, bronze and stainless steel, its geometric design represents the concept of “Phi,” the golden mean most famously discussed in Dan Brown’s The DaVinci Code.

As beautiful as this sprawling 5-bedroom, 6-bath White Hawk Ranch home is, what's truly stunning about it is it's price. This 8,174-square-foot home on more than acre is priced at only $1,795,000. Compared to recent sales in White Hawk Ranch, that's almost $100 per square foot less than the average price per square foot of homes recently sold in the community and more than $500,000 less than White Hawk Ranch's average sales price. I'm excited for the fortunate buyer who discovers this amazing home at a below-market price.

Email me for more info on this home or others in the Boulder area.

A Look at Homes Sales in the Boulder Mountain Areas

I'm back to sales stats today...this time taking a look at Boulder mountain properties. There's one word that really sums up mountain sales: stagnant. From January 2008 to this January, nothing really changed in the Boulder mountain market. Sales volume and price dropped slightly while inventory rose slightly. The only dramatic difference was the decrease in 'days to contract' for mountain properties, but with only 10 sales included in the average, I have a hard time drawing any real conclusions or predicting any trends from the data.


Here are the sales statistics for residential sales in the mountain areas of Boulder (January 2008 compared to January 2009):

• 10 homes sold in January 2009 compared to January 2008 (a 9.1% decrease)



• Inventory increased 2.2% from 272 active listings in January 2008 to 278 in January 2009



• Median sales priced was down 3.2% in January 2009 compared to a year prior. The median sales price in January 2009 was $324,500 compared to $335,115 in January 2008



• Average sales price fell 1.1% in January 2009 compared to a year prior. The average sales price in January 2009 was $391,100 compared to $395,601 in January 2008



• The average 'days to contract' decreased by 40% from 207 days for homes that went under contract in January 2008 to 124 days in January 2009.

Historically Boulder mountain properties have required a little extra time and effort to sell compared to their urban counterparts. Their location off the beaten path and the threat of those rare Colorado winters when mountain residents are 'snowed in' make the buyer pool for Boulder mountain properties smaller than for city properties. But for those who crave the mountain lifestyle, one can certainly get a lot of home and land for their money compared to city properties. One of my most unique and pristine luxury mountain properties, 355 Mountain King Road, offers 115 acres of protected forest land and an impeccable 5,600-square-foot custom mountain home with incredible views from every direction all for $2,995,000. Click here to view photos and read more about this rare and incredible property.

Legendary Home Collection Unveils Spectacular New Estate in Niwot/Boulder County

I'll get back to examining sales stats later this week but today I have to share a new listing that I have been very anxious to introduce to the market. Just completed and one of the last new homes in Niwot's Somerset Estates (and certainly one of the finest), 6470 Cherry Court is an extraordinary luxury residence with incredible finishes, a functional layout and phenomenal outdoor spaces that capture unobstructed views of Boulder's Flatirons, Rocky Mountain peaks and Boulder County's lush open space corridor that encircles Somerset Estates and backs to this property's 1.2-acre site.

Built by Boulder-based LELA Design & Construction, this home boasts nearly 10,000 square feet on three levels and unites superior state-of-the-art construction with an authentic and tasteful Old World elegance. It represents a perfect balance of everyday living spaces and more formal entertaining areas...like the lower level's rich cherry wood bar topped with Green Rainforest slab marble, the home theater or the large wine cellar with insulated cherry door and stone flooring. Level by level, I walked through this home in awe of the attention to detail and the level of custom finish work gracing its every room, every window, every ceiling and even its sprawling outdoor spaces.

I have listed and sold several homes by LELA Design & Construction and am consistently impressed with their company's ability to merge the architecture, the home site, the finishes and the home techonlogy into one seamless masterpiece that is as timeless as it is modern.

Priced at $3,950,000, I would encourage any luxury buyer who is in the market for a true one-of-a-kind estate in the Boulder area to consider 6470 Cherry Court. It's an awe-inspiring property from the inside out and is just minutes from Boulder.

A Glipmse into Sales Stats for Boulder County's Outlying Areas

As mentioned in my last blog entry, I have been taking a hard look at Boulder County sales statistics to see how this January's data compared to that of January '08. Last Friday I looked at the sales stats as they relate to single-family residential home sales within the City of Boulder. Today I want to share the same statistics for the area known to Realtors and by the MLS as 'Suburban Plains'. This area includes the outlying/rural areas of Boulder and Longmont (not within the city limits) and includes all of Niwot, a prime luxury residential market...

• Sales volume is down 39%: Last January, 18 homes sold in Boulder County's suburban plains area compared to only 11 this January.


• Average 'days to contract' increased 14.6%: Homes that went under contract in January 2008 waited an average of 82 days before going under contract; this January the average 'days to contract' was 94.


• Available inventory is up 23%: Last January there were 187 active listings in the suburban plains district; this January there were 230.


• Median sales price increased 1.3%: This area's median sales price in January 2008 was $390,000 while in January 2009 it was $395,000.


• Average sales price up 42.2%: The average sales price of the 11 homes that sold in January 2009 was $665,949 compared to January 2008's average of $468,378. The sharp increase in average sales price without a sharp increase in median sales price can be attributed to a few significant high-end sales this January.

I hate to sound repetitive but my advice for homeowners in Boulder's suburban plains is the same as it is for those in the City of Boulder. You must be realistic when selling during a downturn in the market. You should be priced competitively to garner the attention of today's buyers and you should be in the mindset that you likely will have to be negotiable to get your home under contract. Today's buyer is not always looking for the best home but rather the best deal.

Pictured above is a listing I have in Niwot's luxury community of Legend Ridge. This home is priced at $1,595,000, a real value for more than 7,500 square feet and a .8-acre homesite...click here for details on this property.

Boulder Real Estate Sales Statistics: Comparing this January to last

With the first full month of 2009 behind us, we finally have some solid data that we can use to draw some comparisons between the Boulder real estate market today and the Boulder real estate market a year ago. My team and I have spent a lot of time this week analyzing the data and what it means for the sellers and buyers we work with in the Boulder real estate market every day. Here's a brief snapshot of single-family residential sales statistics for the City of Boulder and some generalizations that can be made from this data:

• Sales volume is down 50% despite a 10% increase in available inventory: The total number of single-family residences sold in January 2008 was 40 compared to only 20 in January 2009, and that's not because there are fewer homes on the market. The number of active listings last January was 331 compared to 363 this January...a 10% spike in available inventory.
  


• Homes are taking 41% longer to go under contract: For listings that went under contract in January 2008, the average number of days between the time a property went on the market to the day it went under contract was 93. This January, listings were on the market for an average of 131 days before going under contract...that's 41% longer than last years 'days-to -contract' average.
  


• The median and average sales prices have increased despite market conditions: Despite all the bad news, the Boulder housing market continues to make lemonade out of lemons. The median sales price for homes sold in January 2008 was $585,000 compared to $635,900 for homes sold in January 2009. That's an 8.7% increase. The average sales price jumped 15.8% from $685,002 in January 2008 to $792,946 in January 2009.

The bottom line is that homes are still selling in Boulder and thankfully the Boulder housing market hasn't experienced the horrible depreciation that other luxury markets around the country have seen. But I strongly caution sellers in today's market not to assume Boulder is immune to the nation's economic crisis. Sellers must have realistic expectations and a lot more patience than they're used to having if they've sold homes in Boulder before. I've been in this market long enough to remember the days when I put a sign in a yard and rushed back to the office to respond to messages from serious buyers wanting to see the home. Those days, at least for now, are gone.

There's no magic formula that will make a home sell overnight...it's all about having the best home at the best price. Buyers are out there but they are a sophisticated breed. They are looking to buy because they know there are deals to be had. If you're thinking of selling but aren't willing to deal, my advice is to sit tight. Boulder will fair this storm better than most cities and sellers will again have the upper hand, but that's just not the market we're in right now.

In my next few blogs I'm going to look at these same sales statistics for areas outside of Boulder....Longmont, Niwot and the mountain areas in Boulder County. It's amazing how just a few miles from the city of Boulder can have completely different sales statistics...more on that to come!

Boulder's Green Reputation Earns Presidential Praise

Denver was in the national spotlight yesterday when President Obama signed the $787 billion economic stimulus bill at Denver's Museum of Nature and Science. But for us Boulder residents, it was great to see Boulder earn some national stage time as the poster city for a greener future. Boulder businessman Blake Jones, who is the President and co-owner of Boulder's Namaste Solar, actually introduced President Obama and gave him and the Vice President a tour of the solar panel system that Namaste Solar installed at the Denver Museum of Nature and Science. During his speech, President Obama acknowledged Boulder as "a community that is on pace to be the world’s first Smart Grid city."

Boulder's commitment to being a green city has certainly impacted the process (and cost) of home building and remodeling in Boulder. The city of Boulder was the first municipality in the United States to mandate a residential green code. That was in 1996 and the code was revised in 2001. Boulder City Council adopted the Boulder Green Points ordinance in November 2007 and it went in effect a year ago this month. Last November, new requirements were passed that increase energy efficiency in new commercial construction and residential remodels and additions. These requirements go into effect March 2.


While many home builders I work with have felt the financial pinch of the Green Points ordinance (it does cost more up front to build green), the silver lining - or should I say green lining - of Boulder's green building movement is a healthier and more sustainable city that will be among the nation's most desirable places to call home. Thus, Boulder will see a stable and growing real estate market and be a mecca for energy-related job opportunities.


Lastly, Boulder's environmental charge has helped inspire some incredible architecture and design that reflects the innate beauty of Boulder. I recently sold 'Boulder's Glass House' (pictured above) and have several other premier listings that are prime examples of the emergence of 'eco-architecture' in and around Boulder.

Wineglass Ranch Offers a Rare Opportunity to Build in Boulder

As I discussed in my last blog entry, vacant buildable land in Boulder, Colorado, is scarce due to the city's growth limitations and Boulder's aggressive open space programs. The very thing that makes Boulder such a great place to live also makes it a more difficult place to get established if your dream is to build from the ground up.

There are a few exceptions in and around Boulder, however. I recently listed three amazing Boulder home sites collectively known as "Wineglass Ranch." Sited in north Boulder just southwest of where Broadway meets Hwy 36, these lots are rarities in terms of their size, view corridors and quick access to downtown Boulder. Two of the three lots are roughly 7 acres while the remaining lot is +/- 5 acres. The views are spectacular. From Boulder's Flatirons to the south to the craggy rock formations toward Lyons, Colorado, to the north and even Boulder Reservoir, these sites offer a true feast for eyes. And they are a trailblazer's delight with easy access to the veins of public trails that traverse across Boulder's northern foothills.

Another distinction that makes these lots so prime is their access. Each site has paved driveways off of Lee Hill Road (also paved), and each lot is serviced by city utilities. The lots range in price from $960,000 to $1.39 million each and can be purchased individually or together. They certainly are a blank and marvelous canvas for someone seeking to create their Boulder masterpiece.

Happy Birthday to Boulder, Colorado...150 Years and Thriving

Boulder, Colorado, officially turns 150 years old this Tuesday, February 10th. If you're in Boulder for the celebration of its sesquicentennial, you'll hear bells ringing (150 times) from Macky Auditorium on the University of Colorado campus to some of Boulder's most historic churches in all corners of the city. It's another milestone for Boulder, which 100 years ago was home to only 9,000 residents.

Today Boulder (population 103,000+) shines as a progressive and thriving city that has claimed some remarkable 'firsts' in U.S. history. One 'first' that has helped preserve the communal beauty and quality of life for Boulder residents (and in turn help preserve Boulder real estate values), was when Boulder became the first U.S. city to have a publicly funded open space program. In 1967, Boulder voters made history by approving 4/10 of a cent sales tax specifically to buy and maintain open space. It was the first time citizens in any U.S. city had voted to tax themselves specifically for open space. That was just the beginning of a community-wide commitment to preserving Boulder, which today has 45,000 acres of open space and mountain parks in and around the city.

The high percentage of open space in Boulder means fewer opportunities for developers, and the limited supply and high demand of vacant buildable parcels means the prices are at a premium. Buyers can rest assured, however, that even when you pay a premium, the value of the land is directly tied to a very finite supply and always be. Thus, Boulder land values are likely to hold steady or climb for years to come.

The Phoenix Ranch is Epitome of Boulder, Colorado Luxury

Having sold luxury properties in and around Boulder, Colorado, for more than 20 years, it takes a special property to really make me say 'wow.' The Phoenix Ranch, rising from a lush 40-acre parcel in east Longmont, is one of those 'wow' properties. I'm very proud to have this listing among my portfolio of pinnacle properties. It's named "The Phoenix Ranch" but don't let the name deceive you...this stunning residence and its many amenities are very 'Colorado'. From the hand-carved native stone gracing the interior and exterior of the 10,568-square-foot home to its massive picture windows that frame Rocky Mountain peaks, The Phoenix Ranch is a special property for someone desiring the finest in Colorado luxury. There's something very unique about how this home merges various materials and textures --metals, stones and woods -- to give each room a dimension that you can feel as much as you can see. And that's just the home. The 5,000-square-foot barn complete with radiant heat and drive-through custom overhead doors makes for a functional yet lavish set-up for horse hobbiests and the serious equestrian. While its features are many (visit the website for details and photos), here are just a few of the jaw-dropping highlights:

• 10,568-square-foot 'Colorado contemporary' main residence with 8 bedrooms and 6 baths


• Equestrian center with 5,000-square-foot barn


• Gated 40-acre parcel sheltered among hundreds of trees


• Tennis courts


• Basketball courts


• Custom commercial grade pool and water feature


• Prime location with easy access to Boulder and Denver

Boulder Real Estate Market Strong Despite National Trends

Boulder, Colorado, is more than a town. It’s an experience. From the jagged rock formations known as the Flatirons that rise dramatically from the town’s western foothills to the Spanish-tile roofs crowning the timeless architecture of the University of Colorado campus, Boulder is a community that has masterfully merged natural beauty with institutional tradition and artistic expression.

I was born and raised in Boulder and today am proud to have founded the area’s only Sotheby’s International Realty office. I have watched Boulder grow into a fixture on the nation’s “Best of” lists. From ‘smartest city’ (Forbes Magazine) to ‘greenest city’ (multiple awards) to ‘Top 25 Destinations’ (TripAdvisor) to best city for artists, cyclists, farmer’s markets, restaurants…the list goes on and it’s an impressive one. But in my profession, what astonishes me most about Boulder, Colorado, is its real estate market’s resilience to adverse conditions.

The last several months have been trying times for our nation’s real estate market. We’ve watched markets that were on fire in 2006 and 2007 plummet in 2008 and in early ’09. The “Boulder bubble”, however, is far from being burst. Penetrated, yes: our average ‘days on market’ is longer and absorption rates are slower. But Boulder’s average median price in the residential housing sector continues to march upward. This week, according to ALTOS Research, Boulder’s median single-family home price hit an all-time high of $960,000 and those prices are trending upward! Inventory is tightening, which in part means buyers are responding to the historically low interest rates.

If you’ve ever dreamed of owning a piece of Boulder real estate, there’s no time like the present. Pictures tell the story best. Here’s an illustration of Boulder’s median price trend in the last 12 months compared with that of a few “once hot, now not” markets in the U.S. (Scottsdale, AZ; San Diego, CA; and Naples, FL). All I can say is “T.G.I.B”…(Thank God I’m in Boulder!).

Going Against the Trend: An Upward Trend in a Downward Spiral

Recent statistics indicate that residential home prices and sales in Denver and the Front Range have held up against the national trend, and are fighting negative market conditions. Here are just a few great statistics published recently:

• According to the Real-Time Housing Market Report, out of 26 major markets, listing prices rose at the fastest rate in Denver - up 0.7% in October. Denver and Houston are now the only markets showing three months of sequential price increases.


• According to Investor's Business Daily, Colorado's sales of existing single-family homes rose 4.8% in September from a year earlier, and the Denver metro area's sales rose 14.3%.
  
• Boulder was recently rated The Smartest City in America by Forbes Magazine, with
  
• 52.92% of residents with a bachelor's degree or higher.
  
• 3.97% of residents with a Ph.D.


• 3.14% of residents with a professional degree.

Boulder, Colorado luxury real estate for sale

Boulder Luxury at its Finest: White Hawk Mansion

Among the finest homes ever for sale in Boulder County, 1073 White Hawk Ranch Drive is a stately example of how timeless architecture and flawless finishes can unite to create an undeniable masterpiece in this Boulder luxury home. Situated on 1.5 acres in Boulder’s coveted White Hawk Ranch, this stunning home by Whitten Design offers nearly 17,000 square feet, 10,000 of which is finished in a rich symphony of Honduras and African Mahogany, Turkish Travertine, hand-carved limestone and a generous blend of high-end granites.



Click here for Details
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