October 2023 Boulder Porch Report

There’s a chill in the air, and the holidays will be here before you know it. Along with this change in seasons, the real estate market is likely to cool even further, presenting both opportunities and challenges for buyers and sellers alike. So, if you or anyone you know is thinking about making a big move, feel free to reach out to talk next steps. It would also be great to catch up with you!

Between higher interest rates and typical seasonal slowing, single-family home sales in the city of Boulder decreased by 10.5% compared to 2022 despite remaining steady month-over-month.

Taking a closer look at September’s numbers, new listings increased slightly month-over-month. However, with less demand, the median price came in at $1,262,500, just below the August price of $1,285,700. Still, home prices are up by 4.8% year-over-year which is good news for sellers.

As for Boulder County as a whole, the median single-family home price increased from $797,000 in August to $829,000 last month. That’s also 3.6% higher than in September of 2022 despite an 8.8% increase in new inventory and a 26.5% decrease in sales year-over-year. 

If you’re not big on pumpkin patches or hitting the slopes, Colorado offers tons of events, places to explore, ciders to drink, and outdoor adventures to embark on throughout the fall and winter.

In the spirit of Halloween, get your scare on at The 13th Floor Haunted House, join the LoDo Zombie Crawl, or immerse yourself in the Oddities & Curiosities experience at Reynard Social.

Love crisp apples in the fall? Head to Adam’s Apple Orchard and Country Store in Ault or Ya Ya Farm and Orchard in Longmont for u-pick and farm festivities. You can also enjoy cider sipping at local spots like Stem Ciders in Lafayette or the Old Mine Cider Company in Erie.

And once winter rolls around, alternatives to strapping on a snowboard include dog sledding, snowshoeing, ice fishing, sleigh rides, and so much more! 

So you’ve found a home that checks almost all of your boxes. Great location. It’s in your price range. Nice yard. Great bones, as they say. But there’s one thing, or just a couple parts of the home, that aren’t quite perfect, and you’re just about to cross that address off your search list.

Maybe the bathrooms haven’t been updated to your liking. Maybe it’s the kitchen. Maybe you thought the place was perfect until your inspector uncovered some potential issues with the roof.

Before you automatically disqualify a home from your search, you should consider a renovation home loan! Renovation loans allow you to roll the cost of eligible repairs and improvement projects into your home loan, which can save you both time and money.