7 BOULDER RESORTS FOR THE ULTIMATE STAYCATION

September 3, 2020

Spend a stress-free weekend away in an opulent, luxurious boulder resort

Considering that Boulder has been ranked number one in happiness by National Geographic, the Boulder realtors at Burgess Group have found that many residents have no desire to leave their blissful bubble to vacation elsewhere.

Why travel outside of Boulder real estate when you can plan a luxurious staycation at one of the many plush and ritzy resorts in the area? The following list, recommended by out team of top Boulder real estate agents, describes seven fantastic Boulder resorts to consider booking for your next staycation.

hotel-boulderado

Blog, Boulder CO, Boulder Real Estate News, Buying, Education, Entertainment, Hot Local News, Hyper Local, National Trends, Newsletter, Real Estate

February 21, 2022

Friends,

The rising interest rates are bringing a little more balance into our market, with inventory rising both locally and nationally.

Local Market Update - Boulder County

Our Boulder realtor team is reporting on 139 new listings coming to market last week, vs 104 in 2018, 156 in 2019, 81 in 2020, and 105 in 2021.

82 properties went under contract, in contrast with 113 in 2018, 109 in 2019, 56 in 2020, and 97 in 2021.

We had 1.93 months' supply of inventory, in comparison with 2018's 1.79, 2019's 1.93, 2020's 1.88, and 2021's 1.36 MSI.

Year-to-date under-contracts continue to be low according to Boulder real estate agents. Last week we had 1083, whereas there were 1309 in 2018, 1379 in 2019, 1148 in 2020, and 1319 in 2021.

In summary, inventory is going up, while our under-contract rate is lower than normal, giving us a boost in inventory. Overall, our market is seeing far fewer transactions than in the last four years.

Let's look at inventory from one more perspective.

What is our total single family home inventory?

Activity By Price Band - Boulder County

Overall, the Burgess | Compass Boulder realtor group noticed less buyer activity last week relative to new listings. This is allowing us to amass a little bit of inventory, as we saw in the month's supply of inventory (MSI) number.

We had 29 price changes last week, significantly up from the last couple weeks, and very significantly up from January, February and March, see our bar graph.

Since the pandemic, buyers have flocked to sunbelt states, for lifestyle and better prices. As a result of the continued high demand, those markets are much more expensive, particularly in Phoenix, Las Vegas, Miami, and Tampa.

Nationally, the incredible inventory lows have been increasing, from a 30% low at the end of December 2021 to an 11.2% low now. If this trajectory continues, we should be up year-over-year sometime in the second half of the year.

Click anywhere below to check out the Burgess Group | Compass Boulder realtor team's current exclusive listings.

Adjustable-rate mortgage demand doubles as interest rates hit the highest since 2009

Comments on February Case-Shiller and FHFA House Price Increases; New Record Monthly Increase

Builders’ Profit Margins Fall as Balance Sheets Grow

Home prices jumped nearly 20% in February, but slowdown may be coming, S&P Case-Shiller says

Housing Inventory April 25th Update: Inventory up 1.7% Week-over-week; Up 14.2% from Seasonal Bottom

[email protected] | 303.301.4718 | burgessgrouprealty.com

[email protected] | 303.506.5669 | burgessgrouprealty.com

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Boulder Real Estate News & National Statistics

April 15, 2022

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Blog, Boulder CO, Boulder Real Estate News, Buying, Education, Entertainment, Hot Local News, Hyper Local, National Trends, Newsletter, Real Estate

February 21, 2022

Friends,

Locally, the big news is that price reductions are up, indicating that seller's are no longer commanding the market so extremely. Nationally, interest rates are up significantly, vacation homes are down, price drops are up.

Local Market Update - Boulder County

Our Boulder realtor team reports that 107 new listings came to market last week, vs 124 in 2018, 135 in 2019, 67 in 2020, and 127 in 2021.

Boulder real estate agents had 93 properties go under contract, in contrast with 114 in 2018, 116 in 2019, 51 in 2020, and 107 in 2021.

We had 1.51 months' supply of inventory, in comparison with 2018's 1.97, 2019's 2.55, 2020's 1.16, and 2021's 1.59 MSI.

Year-to-date under-contracts last week were at 900, in comparison with 1098 in 2018, 1155 in 2019, 1050 in 2020, and 1133 in 2021, so approximately 200-250 under-contracts low for this time of year (outside of the 2020 pandemic year).

This smaller number of under-contracts is directly linked to low supply of inventory; there is lots of buyer demand, as documented by Core Logic's recent reporting of 2.2% appreciation in February 2022 alone.

Let's look at inventory from one more perspective.

What is our total single family home inventory?

Activity By Price Band - Boulder County

From a price band perspective, the $2-2.5mm market was super active for the last two weeks. Boulder realtors saw a fair amount of quiet, likely due to spring break, in a number of other price bands.

SUPER IMPORTANT: To note, last week and the week before, we saw an enormous uptick in price changes (which 99% of the time means price reductions). Check out the graph here. After almost no price changes for months, sellers have dropped price in every category. This is a leading indicator of a lessening of seller power in the market.

Surging Mortgage Rates and Home Prices Sideline Buyers

According to Boulder County realtors, the market still feels hot because housing supply remains near record lows, but there is a slowdown in online searches, home tours and mortgage applications, which are all leading indicators suggesting that some buyers are getting priced out. Still, our Burgess | Compass Boulder realtor group indicates that the market continues to feel very hot, with homes selling faster and for more money than ever before.

Asking Prices Drop, Suggesting Seller's Market Loosening

A fast-growing share of home-sellers are dropping their prices, another sign that the early 2022 housing frenzy is starting to ease as mortgage rates approach and pass 5% and inventory loosens. Twelve percent of homes for sale had a price drop during the four weeks ending April 3, up from 9% a year earlier and the highest share since early December. The rate of sellers dropping their prices is growing faster month over month than it has since August.

WHICH CHART? NONE SEEM TO ALIGN WITH YOUR TEXT

www.calculatedriskblog.com/2022/04/housing-inventory-april-11th-update.html

Pandemic-Driven Second-Home Boom Is Coming to an End

Demand for vacation homes dropped sharply for the second month in a row in March, with mortgage-rate locks for second homes at their lowest level since May 2020.

Demand for vacation homes was still up 13% from pre-pandemic levels, but it’s declining after a pandemic-fueled second-home boom last year. We expect demand for second homes to remain above pre-pandemic levels in the future, as remote work is here to stay for many Americans.

The slowdown in demand for vacation homes joins other early signals that the historically fast rise in mortgage rates and record-high home prices are pricing out some buyers.

Boulder Farmers Market

April 2 - November 19

Rated the No. 1 farmers market in the country! You can sample, shop, meet local farmers, smell the flowers, hear live music, sit by the creek and eat great food.

Learn more here.

Tulip Fairy & Elf Festival

Sunday, April 24

The annual awakening of the tulips, where little ones dress up like fairies and elves. Participate in scavenger hunts, arts and crafts, face painting, and parades while enjoying the 15,000 tulips along Pearl Street Mall.

Learn more here.

Click anywhere below to check out the Burgess Group | Compass Boulder realtor team's current exclusive listings.

Fed to Raise Rates Aggressively in Coming Months, Say Economists

Apartment Vacancy Rate Declined in Q1

Highest Paid Occupations in Construction in 2021

Housing Inventory April 11th Update: Inventory up 2.3% Week-over-week; Up 8.3% from Seasonal Bottom

[email protected] | 303.301.4718 | burgessgrouprealty.com

[email protected] | 303.506.5669 | burgessgrouprealty.com

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Boulder Real Estate News & National Statistics

April 1, 2022

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Blog, Boulder CO, Boulder Real Estate News, Buying, Education, Entertainment, Hot Local News, Hyper Local, National Trends, Newsletter, Real Estate

February 21, 2022

Friends,

Now is the time to bring your home to market - our local market sorely needs inventory. Nationally, inventory appears to have bottomed and to be on a steady upswing. Also, although interest rates are rising, the national migration rate is higher than ever.

Local Market Update - Boulder County

Our Boulder realtor team reports that 61 new listings came to market last week, vs 76 in 2018, 91 in 2019, 93 in 2020, and 68 in 2021.

Boulder real estate agents had 71 properties go under contract, in contrast with 90 in 2018, 82 in 2019, 61 in 2020, and 92 in 2021.

We had 1.03 months supply of inventory, in comparison with 2018's 1.15, 2019's 1.07, 2020's 1.63, and 2021's 1.03 MSI.

Year-to-date under-contracts continue to illustrate how low this year's inventory is. This year, we've had 732 under-contracts y-t-d. Compare this with 894 in 2018, 929 in 2019, 940 in 2020, and 954 in 2021. We have plenty of buyers; sellers, now is the time to bring your homes to market!

Let's look at inventory from one more perspective.

What is our total single family home inventory?

Activity By Price Band - Boulder County

Last week we saw relatively low activity in the $1.5mm+ markets. Week-over-week we're still seeing good activity in all parts of the market, with few price changes (reductions) overall.

INVENTORY MAY HAVE BOTTOMED

Nationally, inventory appears to have bottomed. Year-over-year, we started the year down 30%; we're now down 20%. If this trending continues, we should be up year-over-year in the second half of 2022.

(Sellers, any Boulder realtor will advise you that this is another reason to bring your home to market ASAP.)

NATIONAL MIGRATION RATE INCREASES

The number of buyers migrating from one part of the country to another has hit an all-time high. Before the pandemic, about 25-26% of buyers moved from one part of the country to another.

During Q4 2020, this number increased to 30.3%, hitting a high of 31.5% in Q1 of 2021, receding to 30.2% then climbing back up to 31.2% in Q4 of 2021. Q1 of 2022 saw a 32.3% migration rate.

Essentially, workers can still largely choose where they'd like to work. Given the 2020 / 2021 / 2022 increases in real estate values, many buyers are now priced out of their local markets and moving to lower-priced parts of the country.

Click anywhere below to check out the Burgess Group Boulder realtor team's current exclusive listings.

Consumer Confidence Rebounds in March Despite Inflation Concerns

Home prices heated up to start the year, with huge surges in Arizona and Florida, says S&P Case-Shiller report

Housing Inventory Has Bottomed

The Cities People Left—and the Places They Went to—During the Pandemic

Mortgage rate soars closer to 5% in its second huge jump this week

Freddie Mac: Mortgage Serious Delinquency Rate decreased in February

[email protected] | 303.301.4718 | burgessgrouprealty.com

[email protected] | 303.506.5669 | burgessgrouprealty.com

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Blog, Boulder CO, Boulder Real Estate News, Buying, Education, Entertainment, Hot Local News, Hyper Local, National Trends, Newsletter, Real Estate

February 21, 2022

Boulder Real Estate News & National Statistics

March 4, 2022

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Blog, Boulder CO, Boulder Real Estate News, Buying, Education, Entertainment, Hot Local News, Hyper Local, National Trends, Newsletter, Real Estate

February 21, 2022

Boulder Real Estate News & National Statistics

February 18, 2022

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Blog, Boulder CO, Boulder Real Estate News, Buying, Education, Entertainment, Hot Local News, Hyper Local, National Trends, Newsletter, Real Estate

February 21, 2022

Friends,

Locally, think low inventory and highly competitive offer scenarios.

Buyers, below we’re going to talk about why this asking price may not be important.

Nationally, 2nd home purchases are up, investment purchases are up, and in general out-of-town buyers have a good chunk more to spend.

Local Market Update – Boulder County

We had 63 new listings come to market last week, vs 71 in 2018, 82 in 2019, 78 in 2020, and 75 in 2021.

63 properties went under contract, in contrast with 66 in 2018, 86 in 2019, 69 in 2020, and 81 in 2021.

We had 1.40 months supply of inventory, in comparison with 2018’s 1.97, 2019’s 1.71, 2020’s 1.95, and 2021’s 1.74 MSI.

With lower inventory, sellers are feeling pretty confident about their chances of selling. This is reflected in the (coincident indicator) price change numbers (usually a reduction), which are extremely low. Last week’s market had 8 price changes, where there were 31 in 2018, 42 in 2019, 23 in 2020, and 12 in 2021.

GIVEN this market info, in general, there is only one kind of deal in the market right now. The “deal” is getting the home.

Anecdotally, there still are a few overpriced unicorns that are selling below asking. We know of one over-priced property in which the seller said he’d be happy selling 10% below asking; this is certainly not the norm, with most properties right now selling 5%-20% above asking.

While this sounds staggering, as a buyer you need to keep in mind that the asking price of the property may be completely irrelevant. Use a good agent who can figure out what the asking price should truly have been, then figure out your offer from there.

In a market like this, the asking price may be irrelevant to market value; sellers have many different reasons for setting their asking prices, which may not reflect today’s market value.

In a significantly appreciating market, a successful buyer is the buyer who gets under contract. Don’t fixate on asking price or % over asking – it is likely a red herring. Think ‘future’ instead; think about the shortage of inventory, the extraordinary number of buyers circulating in the market, and the high likelihood of significant appreciation in the next two or three quarters. All these things create the property’s market value.

There is only one kind of deal in the market right now. The “deal” is getting the home.

Activity By Price Band – Boulder County

Though inventory is thin, there is a little more wiggle room above $2.5mm, from $1.5-2mm, and between $500k-1mm.

In general, there is a fair amount of activity in all price ranges.

re up, and in general out-of-town buyers have a good chunk more to spend.

In Q4 of 2021, investors bought 18.4% of US homes, roughly 80 million homes worth $50bb.

Nationally, relocating buyers continue to have approximately 30% more to spend than local buyers. In the Denver metro area, out-of-town buyers have 14.8% more to spend.

The Vacation-Home boom in 2022, with demand up nearly 90% over pre-pandemic levels. Primary home demand is up nearly 42% over pre-pandemic levels.

Andy Talks:

Getting Buyers Under Contract in a Seller’s Market

With lower inventory, sellers are feeling pretty confident about their chances of selling.

Learn how our agents at Burgess Group | Compass use their experience and market knowledge to craft winning offers for our buyers.

Learn More Here

Click anywhere below to check out our current exclusive listings.

Housing Starts Decreased to 1.638 million Annual Rate in January

Foreign Investor Acquisitions of U.S. Commercial Real Estate

Increased 49% in 2021

Fed’s Bullard says inflation ‘could get out of control,’ so action is needed now

Weekly Initial Unemployment Claims Increase to 248,000

Credit for Builders & Developers Eases at the End of 2021

Thoughts on Housing Supply and Demand With 30-year mortgage rates above 4%

[email protected] | 303.301.4718 | burgessgrouprealty.com

[email protected] | 303.506.5669 | burgessgrouprealty.com

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NEWS & NATIONAL STATISTICS

February 04, 2022

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Tags: Blog, Boulder, Boulder CO, Boulder Real Estate News, National Trends, Newsletter

As always, feel free to forward this market update to your friends and family!

Sign Up For Our Newsletter & Market Update Videos Here

Friends,

Locally, while we’re not winning awards for high inventory, our month’s supply of inventory (MSI) was better last week than it was last year at this time.

Check out our Luxury Market Report below to learn what is happening in the national luxury market.

In place of Catherine’s usual Market Update Video, we present our 2021 Year In Review Video!

We are humbled by our 2021 year. Thank you to our clients, family, friends, community, and colleagues for being our biggest supporters. We couldn’t do this without you!

Looking for the FULL market update and all the usual nerdy details?

Quick Market Recap

Click Image Up There ^ To Enlarge

Local Market Update:

We had 58 new listings come to market last week, vs 64 in 2018, 58 in 2019, 74 in 2020, and 48 in 2021.

51 properties went under contract, in contrast with 58 in 2018, 62 in 2019, 95 in 2020, and 77 in 2021.

We had 1.49 months supply of inventory, in comparison with 2018 (1.81), 2019 (1.72), 2020 (1.28), and 2021’s .87 MSI.

So, although nationally there is lots of press about the shortage of inventory, from our new listing numbers and our months supply of inventory, we’re again within the range of what has been historically normal for our local market. Keep in mind that at this time in 2020, COVID hadn’t yet hit; January and February 2020 numbers were representative of the norm.

Activity By Price Band:

The entry-level market and $1.5-2.5mm were very active last week, with the other price bands fairly quiet.

National News:

In place of our normal national news section, we’re giving you some REAL ESTATE EYE CANDY!

At Compass we represent the Nation’s most remarkable properties.

Click here or below to take a peek!

Win Valentines Day Dinner At The Kitchen

We're running a VALENTINE'S DAY GIVEAWAY for a 6:30 pm reservation to The Kitchen Boulder with a $150 gift card!

Here's how to enter...

1️⃣ Like and follow Burgess Group | Compass on Facebook and Instagram.

2️⃣ Tag a friend in the comments of the post -- each tag is an extra entry!

Earn extra entries by...

3️⃣ Subscribing to our YouTube Channel

4️⃣ Sharing the post to your page and stories.

Each share is an extra entry!

Don't worry if you don't win...we're offering prizes for second and third place, too! These winners will receive Burgess Group | Compass swag and a box of fancy chocolates from Piece, Love and Chocolate! Yum! 🍫

Read our blog about creative date night ideas in Boulder here

More From Burgess Group Blog

Burgess Group | Compass Exclusive Listings

Click anywhere below to check out our current exclusive listings.

Economic News & Real Estate

Housing Market Update: Home Prices Start New Year at New High

Hotels: Occupancy Rate Down 15% Compared to Same Week in 2019

Millennials become driving force in high-end housing

Apartment Vacancy Rate Declined in Q4

Demand For Vacation Homes Up 77% From Pre-Pandemic in December

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NEWS & NATIONAL STATISTICS

JANUARY 21, 2022

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bouldernews

As always, feel free to forward this market update to your friends and family!

Sign Up For Our Newsletter & Market Update Videos Here

Friends,

This week, tune in to hear insurance expert Greg Naber explain how to keep your insurance in tandem with your property's replacement value.

In the local real estate market, numbers looked in alignment with historic normals. Nationally, there's a huge shortage of inventory.

Looking for the FULL market update and all the usual nerdy details?

Quick Market Recap

Click Image Up There ^ To Enlarge

Local Market Update:

We had 58 new listings come to market last week, vs 64 in 2018, 58 in 2019, 74 in 2020, and 48 in 2021.

51 properties went under contract, in contrast with 58 in 2018, 62 in 2019, 95 in 2020, and 77 in 2021.

We had 1.49 months supply of inventory, in comparison with 2018 (1.81), 2019 (1.72), 2020 (1.28), and 2021's .87 MSI.

So, although nationally there is lots of press about the shortage of inventory, from our new listing numbers and our months supply of inventory, we're again within the range of what has been historically normal for our local market. Keep in mind that at this time in 2020, COVID hadn't yet hit; January and February 2020 numbers were representative of the norm.

Activity By Price Band:

The entry-level market and $1.5-2.5mm were very active last week, with the other price bands fairly quiet.

National News:

Nationally, January 2022 is off to a rocket start.

January 2022 may be the most competitive month in housing history.

During the week ending January 9, median home sale prices surged 16% year-over-year to an all-time high of $365,000. Listings have been slower to hit the market this January than usual and demand has been rising; as a result, prices are rising.

Anecdotal evidence, Showingtime (the showing service) and mortgage purchase applications all show robust buyer demand this January. Mortgage rates rose to 3.45% during the seven days ending January 13, making homebuying more expensive as overall inflation hit a 40-year high.

Unless otherwise noted, the data in this report covers the four-week period ending January 9.

Data based on homes listed and/or sold during the period:

*The median home-sale price increased 14% year over year to $358,801.

*For the seven-day period ending January 9, the median price hit $365,000, up 16% from a year earlier and an all-time high.The median asking price of newly listed homes increased 12% year over year to $344,190.

*Pending home sales were up 2.5% year over year.

*New listings of homes for sale were down 11% from a year earlier.

*Active listings (the number of homes listed for sale at any point during the period) fell 28% year over year, dropping to an all-time low of 461,000.

Interior Design Trends For 2022

New year, new trending styles of interior design.

Here are some of the trends that we'll see throughout 2022:

🪴 Biophilic design

🕺 1970s inspiration

💚 Green as a neutral color

Wondering What The *&%! Biophilic Means?

More From Burgess Group Blog

Burgess Group | Compass Exclusive Listings

Click anywhere below to check out our current exclusive listings.

Economic News & Real Estate

Housing Market Update: Home Prices Start New Year at New High

Hotels: Occupancy Rate Down 15% Compared to Same Week in 2019

Millennials become driving force in high-end housing

Apartment Vacancy Rate Declined in Q4

Demand For Vacation Homes Up 77% From Pre-Pandemic in December

The Fun Stuff: Canceling Cable - SNL

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NEWS & NATIONAL STATISTICS

January 7, 2022

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Blog, Boulder, Boulder CO, Boulder Real Estate News, Culture, Hot Local News, Hyper Local, Local Events, Newsletter

The damage and destruction caused by the Marshall Fire has left our beloved Superior and Louisville communities unrecognizable and over 1,000 homes and businesses are gone.

Many of you have reached out looking for ways to help. Below, we've outlined different ways you can donate money, time, or resources.

If you or someone you know could use help, please reach out to us directly. Burgess Group and our Compass Agent community is mobilized and ready to help in any way.

Wishing you joy, safety, and health in the new year.

Love,

Catherine, Andy, Tricia, David, and Jennifer

A Guide For A Mindful Approach To Helping After Fire Loss

We have found this article to be a wonderful source of inspiration for how to communicate with our community and loved ones about the loss they are experiencing.

We hope you'll read this before deciding how best to offer your time, money, energy and resources.

READ: Fire Stories, How To Help A Friend Who Lost Their Home In A Fire

Donate Money

Boulder Compass Agent Community GoFund Me

This GoFundMe has been created by Compass Real Estate staff and agents nationwide to help those in immediate need in Boulder County who have lost homes, pets, and businesses.

This GoFundMe will help those in need due to the fires that have now taken over 1,000 homes. The Boulder Compass Agent Community has formed a Council that will determine the best way to use the funding.

Sister Carmen Gift Card Drive

Sister Carmen is in need of Target and King Soopers gift cards in $100 increments for those affected by the Marshall Fire.

Please deliver them to the North Entrance at:

655 Aspen Ridge Drive

Lafayette, CO 80026

Monday - Friday, 9am - 5pm.

Donate Directly To Families

Thousands of families are taking direct donations through their GoFund Me pages. We suggest searching this page for a family or individual who is still very far from their goal.

Find a family here

Donate Time

Conscious Alliance Food Delivery

Conscious Alliance is working with World Central Kitchen and over 60 local restaurants to provide free meals to those affected by the fire. They are seeking volunteers to help deliver the meals in and around Boulder County.

Sign up to deliver here

Join The Marshall Fire Relief Squad

A local group of citizens have created a Facebook Group and are organizing to build and distribute sifting boxes. They will also be coordinating volunteers to help with sifting in the coming days and weeks.

Join the group here

Volunteer At Rayback Free Market

The Free Market for Fire Survivors will be three days - Thursday, January 6 - Saturday, January 8.

Families displaced by the fires can shop from 12-10pm Thursday & Friday and from 12-9pm Saturday.

Donations are paused but they are still accepting volunteers.

Sign up to volunteer here

Donate Resources

Donate Clothing & Goods

It is our understanding that most outlets are currently overwhelmed with clothing and dry good donations and are in need of volunteers and financial donations now.

"It happens in every disaster: People want to help, but they often donate things that turn out to be more of a burden."

Read: NPR, Thanks, But No Thanks: When Post-Disaster Donations Overwhelm

If you have heard otherwise, please contact [email protected] so we can update our blog.

Offer Housing

Post Your Home For Rent

Do you have an available house or condo for rent that you would like to share with families who have been impacted by the Marshall Fire?

Fill out this form

Offer Your Home or Rooms as a Free AirBNB Stay

If you have extra room in your home or empty vacation rentals, you can sign up through AirBNB to offer free stays to people in time of crisis.

List your home on AirBNB

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NEWS & NATIONAL STATISTICS

DECEMBER 22, 2021

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Tags: Blog, Boulder, Boulder CO, Boulder Real Estate News, Buying, Featured Properties, Real Estate

As always, feel free to forward this market update to your friends and family!

Sign Up For Our Newsletter & Market Update Videos Here

Boulder realtor Catherine Burgess offers another informative market update for you, friends!

In a nutshell: The Boulder real estate agents at Burgess Group report that last week our local market behaved typically for this time of year; We are ending the year with over 600 more under-contracts than in 2018. Nationally, rents rose 7% in a month, up 21% from 2020.

Quick Market Recap

Click Image Up There ^ To Enlarge

Local Market Update:

Boulder County realtors had 33 new listings come to market last week, vs 37 in 2018, 29 in 2019, and 34 in 2020.

46 properties went under contract, in contrast with 43 in 2018, 60 in 2019 and 55 in 2020.

We had .63 months supply of inventory, which was slightly higher than 2018 (.47), 2019 (.38), and 2020 (.41).

Year-to-date under-contracts show the overall strength of this year's market, with 4797 in 2021, 4183 in 2018, 4375 in 2019, and 4660 at this time in 2020.

So, we'll be ending the year with ~ 614 more under-contracts than in 2018, ~424 more than in 2019, and ~ 137 more than in 2020. Phew! Our Boulder realtor team will have to watch to see if the market maintains momentum, or if we're going to see a return to the lower transaction levels of previous years.

Activity By Price Band:

After luxury buyers went under contract at a fairly frenetic pace for the past several weeks, last week luxury buyers slowed down, evidenced by the 50% sell-through rate. All the price bands from $2mm down had more (buyer) under-contracts than (seller) new listings.

National News: Important Headlines

Rents Up 7% in a Month, 21% Higher than in 2020

As some buyers priced out of the sale market and started looking to rent, the rental market has fielded additional demand.

There is so much additional demand that rents are now up 21% from 2020 year-over-year, and 7% up month-over-month.

People who have already purchased are likely to appreciate their fixed housing expenses.

For those of you who are just learning about real estate, especially at times of significant inflation, it is a tremendous asset to have fixed housing costs as a result of a fixed-rate mortgage or cash property purchase.

Happy Holidays & CHEERS To The New Year

The Boulder realtor team at Burgess Group | Compass wishes you a very Happy Holiday season and a peaceful and prosperous New Year.

More From Burgess Group Blog

Burgess Group | Compass Exclusive Listings

Click anywhere below to check out our Boulder real estate agents' current exclusive listings.

Economic News & Real Estate

U.S. luxury spending outshines forecasts, up $26 billion over 2020

Review: Ten Economic Questions for 2021

CFPB and DOJ Put Landlords and Mortgage Servicers on Notice About Servicemembers’ and Veterans’ Rights

Home flipping is getting more competitive – and less profitable

The Fun Stuff: Norwegian Actors' Playhouse - SNL

Boulder Real Estate News & National Statistics

March 18, 2022

Subject Boulder County Inventory Up Last Week, Still Dearth; Nationally Home Supply Down By 1/2

Friends,

Our headlines: Boulder County's new listings last week were in a normal range, but there is still a huge shortage of available homes. Nationally, the same news - home choice is down by 50%.

Local Market Update - Boulder County

Our Boulder realtor team reports that 85 new listings came to market last week, vs 71 in 2018, 90 in 2019, 102 in 2020, and 86 in 2021.

Boulder real estate agents had 79 properties go under contract, in contrast with 89 in 2018, 71 in 2019, 92 in 2020, and 106 in 2021.

We had 1.70 months supply of inventory, in comparison with 2018's 1.34, 2019's 1.64, 2020's 2.17, and 2021's 1.32 MSI. While this reflects an improvement in our number of new listings, overall our inventory is still much lower than previous years.

The current lower amount of inventory is reflected in our year-to-date under-contract rate. This year we're at 568 under contract. Compare this with 727 in 2018 (year-over-year), 757 in 2019, 752 in 2020, 732 in 2021.

Please remember that 2020 numbers are skewed by the March-May lockdown and ensuing pandemic year.

Activity By Price Band - Boulder County

Last week we had much less activity in the $2.5mm+, $1-1.5mm, and 0-$500k markets, with decent delivery of inventory, so those would be the price bands to shop this week.

Overall, if you look at the price band activity over the last 3-4 weeks, you'll see that all of our segments are moving, there is not one that has stalled.

Two Years Later: What did the Pandemic do to the U.S. Housing Market?

We've just passed the two-year anniversary of the coronavirus lockdown. The World Health Organization officially declared the pandemic on March 11, 2020.

Ask any Boulder realtor...They'll tell you that the national/global housing market has changed dramatically since then!

As alluded to above in our local info, today's national buyers today have half as many homes to choose from. Remote work and super low interest rates created massive buyer demand, which intensified the national housing shortage.

Homes are 34% more expensive, with the median sale price now at $369,000 than they were two years ago (year-over-year).

Grappling with fierce competition, buyers are twice as likely to pay above list price.

More than two-thirds of offers face multiple-offer scenarios.

Houses are selling twice as fast as two years ago. Nationally, typical homes are on the market for 25 days.

Nearly half of homes sell in just one week. Two years ago, less than one-third sold in just one week.

Crypto & Real Estate

Can cryptocurrency be used with mortgages at this point? 💰

Basic answer: not yet.

Watch this video as Boulder realtor Catherine Burgess shares more information about this and what you can expect moving forward!

Andy Talks: Marshall Fire, Change In New Building Codes

In an effort to reduce the cost for Marshall Fire victims tasked with rebuilding their homes, officials in Superior last week chose to allow certain residents the ability to opt out of newly adopted 2021 building codes that require net-zero energy efficiency.

Watch Andy's Take On The News Here

Click anywhere below to check out our current exclusive listings.

Pyramid Shows 36 Million Households Cannot Afford a $150,000 Home

Housing Inventory May Have Bottomed Seasonally

Attention Home Sellers: Circle This Date as the Best Time of the Year To List Your House

War, pandemic, and inflation deal Fed a complex trifecta

[email protected] | 303.301.4718 | burgessgrouprealty.com

[email protected] | 303.506.5669 | burgessgrouprealty.com

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Boulder Real Estate News & National Statistics

March 4, 2022

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Blog, Boulder CO, Boulder Real Estate News, Buying, Education, Entertainment, Hot Local News, Hyper Local, National Trends, Newsletter, Real Estate

February 21, 2022

Friends,

Locally, our Boulder realtor team is reporting super low inventory in Boulder and Boulder County. Sellers, now is your time to capture market gains!

Nationally, we’ve had 19% year-over-year price appreciation according to Core Logic, with a slowing predicted by 2023.

Details below!

Local Market Update – Boulder County

Boulder real estate agents had 62 new listings come to market last week, vs 91 in 2018, 95 in 2019, 80 in 2020, and 88 in 2021.

58 properties went under contract, in contrast with 83 in 2018, 85 in 2019, 75 in 2020, and 83 in 2021.

We had 1.72 months supply of inventory, in comparison with 2018’s 1.38, 2019’s 1.64, 2020’s 108, and 2021’s 1.07 MSI.

Let’s look at inventory from one more perspective.

What is our total single family home inventory?

Activity By Price Band – Boulder County

Activity in the upper end of the market was light last week, especially in the $2-2.5mm range. The lower end of the market saw pretty balanced ratios of inventory coming to market and going under contract.

Nationally, we’ve had 19.1% appreciation in year-over-year real estate prices according to the Core Logic Home Price Index. That is the highest appreciation seen since they began publishing this data in 1976.

Core Logic calls for a deceleration of price gains throughout the year, though they’re projecting above 10% for the first seven months of 2022. Home price gains are projected to slow to a 3.8% annual increase by January 2023.

Click anywhere below to check out the Burgess Group Boulder realtor team’s current exclusive listings.

Cleveland Fed President Mester says Ukraine war accelerates the need for interest rate hikes

Oil Prices Hit Multi-Year Highs as Supply Tightens

Up, Up, and Away: Home Prices Reach a New Record High. How Long Can This Go On?

Fed Chair Powell: Raise Rates in March, Effects of Invasion “highly uncertain”

Realtors Report Big Decline in Contract Signings

[email protected] | 303.301.4718 | burgessgrouprealty.com

[email protected] | 303.506.5669 | burgessgrouprealty.com

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NEWS & NATIONAL STATISTICS

February 04, 2022

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Tags: Blog, Boulder, Boulder CO, Boulder Real Estate News, National Trends, Newsletter

As always, feel free to forward this market update to your friends and family!

Sign Up For Our Newsletter & Market Update Videos Here

Friends,

Locally, while we’re not winning awards for high inventory, our month’s supply of inventory (MSI) was better last week than it was last year at this time.

Check out our Luxury Market Report below to learn what is happening in the national luxury market.

In place of Catherine’s usual Market Update Video, we present our 2021 Year In Review Video!

We are humbled by our 2021 year. Thank you to our clients, family, friends, community, and colleagues for being our biggest supporters. We couldn’t do this without you!

Looking for the FULL market update and all the usual nerdy details?

Quick Market Recap

Click Image Up There ^ To Enlarge

Local Market Update:

We had 58 new listings come to market last week, vs 64 in 2018, 58 in 2019, 74 in 2020, and 48 in 2021.

51 properties went under contract, in contrast with 58 in 2018, 62 in 2019, 95 in 2020, and 77 in 2021.

We had 1.49 months supply of inventory, in comparison with 2018 (1.81), 2019 (1.72), 2020 (1.28), and 2021’s .87 MSI.

So, although nationally there is lots of press about the shortage of inventory, from our new listing numbers and our months supply of inventory, we’re again within the range of what has been historically normal for our local market. Keep in mind that at this time in 2020, COVID hadn’t yet hit; January and February 2020 numbers were representative of the norm.

Activity By Price Band:

The entry-level market and $1.5-2.5mm were very active last week, with the other price bands fairly quiet.

National News:

In place of our normal national news section, we’re giving you some REAL ESTATE EYE CANDY!

At Compass we represent the Nation’s most remarkable properties.

Click here or below to take a peek!

Win Valentines Day Dinner At The Kitchen

We're running a VALENTINE'S DAY GIVEAWAY for a 6:30 pm reservation to The Kitchen Boulder with a $150 gift card!

Here's how to enter...

1️⃣ Like and follow Burgess Group | Compass on Facebook and Instagram.

2️⃣ Tag a friend in the comments of the post -- each tag is an extra entry!

Earn extra entries by...

3️⃣ Subscribing to our YouTube Channel

4️⃣ Sharing the post to your page and stories.

Each share is an extra entry!

Don't worry if you don't win...we're offering prizes for second and third place, too! These winners will receive Burgess Group | Compass swag and a box of fancy chocolates from Piece, Love and Chocolate! Yum! 🍫

Read our blog about creative date night ideas in Boulder here

More From Burgess Group Blog

Burgess Group | Compass Exclusive Listings

Click anywhere below to check out our current exclusive listings.

Economic News & Real Estate

Housing Market Update: Home Prices Start New Year at New High

Hotels: Occupancy Rate Down 15% Compared to Same Week in 2019

Millennials become driving force in high-end housing

Apartment Vacancy Rate Declined in Q4

Demand For Vacation Homes Up 77% From Pre-Pandemic in December

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NEWS & NATIONAL STATISTICS

JANUARY 21, 2022

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bouldernews

bouldernews

As always, feel free to forward this market update to your friends and family!

Sign Up For Our Newsletter & Market Update Videos Here

Friends,

This week, tune in to hear insurance expert Greg Naber explain how to keep your insurance in tandem with your property's replacement value.

In the local real estate market, numbers looked in alignment with historic normals. Nationally, there's a huge shortage of inventory.

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Looking for the FULL market update and all the usual nerdy details?

Quick Market Recap

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Click Image Up There ^ To Enlarge

Local Market Update:

We had 58 new listings come to market last week, vs 64 in 2018, 58 in 2019, 74 in 2020, and 48 in 2021.

51 properties went under contract, in contrast with 58 in 2018, 62 in 2019, 95 in 2020, and 77 in 2021.

We had 1.49 months supply of inventory, in comparison with 2018 (1.81), 2019 (1.72), 2020 (1.28), and 2021's .87 MSI.

So, although nationally there is lots of press about the shortage of inventory, from our new listing numbers and our months supply of inventory, we're again within the range of what has been historically normal for our local market. Keep in mind that at this time in 2020, COVID hadn't yet hit; January and February 2020 numbers were representative of the norm.

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Activity By Price Band:

The entry-level market and $1.5-2.5mm were very active last week, with the other price bands fairly quiet.

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National News:

Nationally, January 2022 is off to a rocket start.

January 2022 may be the most competitive month in housing history.

During the week ending January 9, median home sale prices surged 16% year-over-year to an all-time high of $365,000. Listings have been slower to hit the market this January than usual and demand has been rising; as a result, prices are rising.

Anecdotal evidence, Showingtime (the showing service) and mortgage purchase applications all show robust buyer demand this January. Mortgage rates rose to 3.45% during the seven days ending January 13, making homebuying more expensive as overall inflation hit a 40-year high.

Unless otherwise noted, the data in this report covers the four-week period ending January 9.

Data based on homes listed and/or sold during the period:

*The median home-sale price increased 14% year over year to $358,801.

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*For the seven-day period ending January 9, the median price hit $365,000, up 16% from a year earlier and an all-time high.The median asking price of newly listed homes increased 12% year over year to $344,190.

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*Pending home sales were up 2.5% year over year.

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*New listings of homes for sale were down 11% from a year earlier.

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*Active listings (the number of homes listed for sale at any point during the period) fell 28% year over year, dropping to an all-time low of 461,000.

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Interior Design Trends For 2022

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New year, new trending styles of interior design.

Here are some of the trends that we'll see throughout 2022:

🪴 Biophilic design

🕺 1970s inspiration

💚 Green as a neutral color

Wondering What The *&%! Biophilic Means?

More From Burgess Group Blog

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Burgess Group | Compass Exclusive Listings

Click anywhere below to check out our current exclusive listings.

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gK1eWAQxTwC16AUw561e

Economic News & Real Estate

Housing Market Update: Home Prices Start New Year at New High

Hotels: Occupancy Rate Down 15% Compared to Same Week in 2019

Millennials become driving force in high-end housing

Apartment Vacancy Rate Declined in Q4

Demand For Vacation Homes Up 77% From Pre-Pandemic in December

The Fun Stuff: Canceling Cable - SNL

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