February 2024

The past few years of undulating fluctuations in real estate markets and values across the US can be attributed directly to the FED raising interest rates which led to record low numbers of Mortgage Applications. Shift to present day, Q1 2024 and we are seeing an uptick in sales, multiple offer situations, and homes that were NOT sold in Q4 of 2023 going under contract quickly. Regarding interest rates - there are ALL sorts of Lender workarounds to the interest rates for Buyers. Side Note: the interest on your primary residence is tax deductible. People move, buy and sell because of the things that are going on in their lives, not because of interest rates. From a macroeconomics level - the millennial generation (largest generation) is moving into its 30s - the average age where Fannie Mae & Freddie Mac mark the 1st home purchase. We are quickly moving into a robust real estate market with more sales than we have seen in the past few years, particularly in desirable areas such as our local Boulder & Front Range markets.

CITY OF BOULDER Sold Listings 69 +9.5% YOY New Listings 134 +14.5% YOY Average Days on Market 98 +50.8% YOY Average Sales Price $ 1.3M -6.7% YOY Total Sales Volume $ 87M -18.1% YOY BOULDER COUNTY Sold Listings 213 +18.3% YOY New Listings 357 +26.6% YOY Average Days on Market 78 +5.4% YOY Average Sales Price $ 900K -5.9% YOY Total Sales Volume $ 190M +11.8% YOY DENVER Sold Listings 2,012 - 1% YOY New Listings 3,085 +15% YOY Average Days on Market 48 +7% YOY Average Sales Price $ 653K +6% YOY Months of Inventory 2 -% YOY DENVER LUXURY $1M+ New Listings 394 +38% YOY Sold Listings 193 +21% YOY Average Days on Market 67 +26% YOY Average Sales Price $ 1.615M +3% YOY Total Sales Volume $ 311.83M +15% YOY Months of Inventory 4. +33% YOY These statistics do not account for sale concessions and/for down payment assistance. This representation is based in whole or in part on statistics from REColorado. REColorado does not guarantee and is not responsible for its accuracy. Content maintained by REColorado may not reflect all real estate activity in the area.

Curious to know the value of your home? Let's chat.

Stroh Ranch 19633 East Hollow Creek Drive 3 BD 3 BA 1511 SF $506,000 Immerse in your beautiful storybook abode. Enter to take in all of the light and bright sun-filled charm. The recently updated floors and carpet create an ambiance of new beginnings, setting the tone for a fresh start. Envision gatherings in the cozy living spaces, the laughter echoing against the refreshed interiors. Each corner whispers tales of care and attention, a canvas where memories are waiting to be painted. Upstairs flows into spacious bedrooms with a well appointed and artfully crafted Master Suite. Venture into the backyard oasis, where thoughtful landscaping unfolds. Multiple raised beds and composting stations invite a connection with nature, making it a haven for plant enthusiasts or those with a green thumb. The warmth of a patio beckons, promising relaxation and outdoor joy. Modern upgrades meet the embrace of nature, as scenic sunsets and conversations provide the backdrop. This isn't just a house; it's a story waiting for you to fill its pages. Nestled neatly in desirable Parker, Colorado featuring a perfect blend of comfort and convenience. Located just a short drive from Denver enables easy access to city amenities while enjoying the peaceful lifestyles of Parker.

Liberty Village 6619 Petunia Place 5 BD 3 BA 4842 SF $775,000 Pride of ownership is apparent from the moment you pull into the driveway. This gorgeous home has been meticulously maintained. The lovely foyer leads you into the wide open main area of the home. You'll love the high ceilings, upgraded flooring, and 8 foot doors all giving the home a grandiose feel. They say the kitchen is the heart of the home and this one is stunning with its beautiful large center island, HUGE pantry, upgraded light fixtures and double ovens. The chef of the family will be overjoyed. The main floor primary bedroom will be your own private retreat with its spa like 5 piece bathroom en suite. Don't miss the enormous primary closet with lovely built ins. If you love to entertain, this home is for you! The back deck with a gorgeous, well built pergola will give you shade year round. There's a lovely garden area and shed on the side of the house. Down stairs you'll find two more large bedrooms and a beautifully tiled bathroom. The great room has so many options you can use this large room for almost anything your heart desires. The back wall has been pre plumbed for a future kitchen space. Every detail was thought through on this lovely basement finish. The Cobblestone Ranch clubhouse features a fitness center, meeting rooms, and a kitchen. Outside, there is a pool, a playground, and plenty of open space for activities such as hiking and biking. The community also hosts events throughout the year, including concerts, food trucks, and holiday celebrations. Hurry this home won't last!

Oaxacan cuisine inspired by generational craft opened a new door here in Boulder August 15th. With an incredible mezcal selection, traditional mole, and some of the best Kampachi I've tasted, I'd be remiss to keep this incredible experience a secret. Masas and Agaves 909 Walnut Street, Suite 100, Boulder, CO 80302

March 30th 7:00PM @ Fox Theatre PURCHASE TICKETS HERE

STEEPLAND 'Steepland String Band' is a high altitude bluegrass act distilled deep in the mighty San Juan Mountain Range of Southwestern Colorado. 'Steepland' is a fast driving, hard picking acoustic trio that explores a vast multitude of musical genres, while managing to stay rooted in bluegrass tradition.

REALTOR + PRINCIPAL AGENT m. 720.404.4614 david.stuhlemmer@compass.com jdavidboulder.com

Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

marketingcenter--