February 2023 Boulder Porch Report

With a busy spring real estate market just around the corner, we’re already seeing an uptick in activity though prices remain restrained. If you’re thinking about buying or selling, get in touch first. It’s going to be a time of nuance and micro-markets, so let's find you the right strategy.

January marked the start of buyers and sellers getting back into the market post-holidays. The median single-family home price in the city of Boulder was $1,140,000, up slightly from $1,117,800 in December and 3.6% higher than the same time period in 2022.

The Boulder County median for single-family homes was $762,714 versus $800,000 in December with prices decreasing in Erie and Lafayette while increasing in Longmont and Louisville. Prices across the county also came in at 1.8% higher than in January 2022.

With more activity in the single-family market, the townhome/condo segment saw big decreases in median price, down $83k in the city of Boulder and $31,000 across the county.

Buying a fixer-upper as your first home (or third) is the home-buying hack you didn’t know you needed.

In 2021, nearly 30% of houses were purchased with all-cash offers. Although the market has cooled off somewhat since then, it can still be hard to compete.

One way to beat the crowds of other homebuyers is to buy a fixer-upper. Sure, it won’t be picture-perfect the day you move in. But it may be more affordable. Plus, you get to put your own spin on the property over time and truly make it your own.

And if you find a great house that needs work right away, there’s a loan for that.