Hi Jim,

All of my listings near CU have gone under contract at full price recently. CU attracts student that pay an out of state tuition of $45,000/yr and that isn't including lifestyle. Usually CU over populates their freshman class so we see a few "rushes". Anywhere up until May 31, Parent's Weekend, right before winter break and graduation weekend. There are some great places. Also I love the Holiday area for low to mid price point rentals. If you have questions, you can give me a call at 303-619-3373.

Kindest Regards,
Jennifer

I think the market for rentals is fantastic right now. While prices are no soaring they are also not dropping. I would be happy to do a comparative market analysis and speak with you about what the unit might bring. Please feel free to contact me via my website http://www.servingboulderco.com
Thanks for your time.

Hello Jim,

I am a RE Broker in a Boulder. Our office has a property management company that manages over 150 income properties and are very active in the buy / sell for income, small commercial and residential properties. I also personally own several income property and I am well versed with the Tenant/Broker relationship. With a design background I have the resources to help with any property condition issues to present the property in the most competitve light.

We are recommending to our selling property owners to list in the next month, April. Listing prices have been stable with low sales volume but pent up demand for properties in Boulder is increasing. We have a whole new group of first time home buyers coming into the market with the stimulus tax credit , these buyers, as well as investors, will be buying income property for themselves and with the lower interest rates, I expect this to be a catalyst for better selling prices this season.
Getting ready for the season....Barb

My opinion is that there will be continued weakness in the Boulder condo market but it is dependant on the price point. If the condo cash flows than it will not go down in value as much. There has been a lot of weakness in the higher end 400k plus. Looking at the statistics from Baraonline.com, last month only 11 of 392 units for sale sold and for February we are on track for 27 out 464 listings on the market. I graphed out the number of sales vs inventory over the last two years and it doesn't look good (just got ugly the last two months though).

I can e-mail the graph to you. I think it depends on the price that your condo is worth and the location. First time home buyers have been snapping up the lower priced condos and investors have been shying away. As an investor would you rather buy a 900 sq foot condo in Boulder for $400k or a 3bed 2ba house in Broomfield for $200k? Right now, the next best alternative to Boulder (Denver, Broomfield, Longmont) is more attractive than Boulder because prices have dropped in there but are still high in Boulder. There are a lot of sellers holding their prices high and not selling because they are in denial of the "Recession Proof " Boulder.

This is just my opinion, I like to call it as I see it....