Boulder real estate
Don’t believe the hype! If you were to judge the Boulder real estate market by what is being written and said about the Colorado market in general, then you’d be terrified. Foreclosure, unscrupulous lenders, plummeting house prices, and every other plague imaginable has infested the Colorado real estate market, and by association, the Boulder real estate market as well. So stay away. You’re crazy if you are even considering buying. If you believe that then you’re probably one of the people who are constantly losing money in the stock market. Momentum buyers tend to listen to the prevailing news and purchase homes, stocks, whatever, depending on what the talking heads are saying.
Take a deep breath and think about this town. It’s the same place it was a few years ago when the market was hot. Sure, we’re in a confirmed buyer’s market, but that doesn’t mean it’s a bad market, or a dangerous market. Examine the factors that draw people to consider Boulder as a place to live in the first place: the mountains, skiing, mountain biking, hiking, running, the University, jobs, the weather, and world-class restaurants. The sheer beauty of this place is staggering. All of these things are still here. Boulder is still Boulder and people will still flock here tomorrow to live in one of the healthiest, most beautiful corners of the world. And that will likely have a stabilizing effect on real estate no matter what the doomsayers are spouting in print and televised media.
I’m a transplant. I think the perspective of having grown up elsewhere is what allows me to have the deep appreciation for this area that I do. The fact that I can drive to a buddies house on a Saturday morning, stop at Vic’s Espresso for a solid cup of joe, and then be out the door on a mountain bike, riding in the pristine beauty of Walker Ranch without going out of my way—well, that’s what makes me so certain that those of us who have hitched our wagons to this spot are lucky in so many ways. And it’s why I can take a deep breath and brush off the news on TV and know in my heart that we’re doing just fine.
March 29th, 2007 at 4:28 pm
I for one can attest to the media hype that shapes many folks perception of the colorado real estate market. Being in Colorado real estate for years, I’ve learned that there will always be market swings, and that a ‘bad sellers market’ only means a great buyers market… and it’s always seemed to mark the beginning of a new real estate swing in the other direction. So if you’re thinking of selling your home, there’s no better time than _now_. Lots of real estate buyers are out there, just lookiing for the right price!