Pipes weren’t the only things nearly frozen this past month as I wrote on our company's website 8z.com. Please take a read through my market update and let me know if you have any questions about the Crest View, North Boulder or Boulder real estate markets.
As January transactions continued along the slow and cold path in the Crest View market, and Boulder’s market in general.
The property at 1384 Quince, listed at $412,000, went under contract in December and closed on Jan. 19 for $399,000. (And this sold figure is identical to the number of solds in January 2010: 1.) More about this Crest View home sold on 8z. All and all, a good investment at $242/psf.
Only one property went under contract in January 2011, 1730 Dogwood, after being on the market for 118 days.
However February is giving signs of a change.
- February 2011 started off with four properties going under contract by Feb. 10 and 3 properties sold by Feb. 11.
- As of Feb. 15, there are 33 active listings, 5 under contract and 4 sold since the first of the year.
- This current snapshot is similar to the same time period a year ago when the tax credit was driving the market: 31 active, 4 under contract and 6 sold.
This current data is an uptick for Crest View real estate and shows signs of momentum building. Inventory is going down - a positive sign.
Perhaps Crest View is bidding farewell to January’s frosty market, as February seems to be introducing warmer spring activity.
Comments (0)Subscribe to CommentsComment