If you've got your ear even remotely close to the ground, you know that real estate in Boulder is red hot right now. Multiple offers over asking price and all-cash sales are the new norm. It's been this way for the last three-plus years; long enough that Boulder residents (and eager residents-to-be) are convinced this aggressive market will never end.
But real estate cycles are like stock market cycles: they're, well, cyclical. As quickly as list prices have grown in this seller’s market, they can reverse just as fast. Historically, Boulder has weathered these downturns better than most cities; property values have never dropped by much. But seller beware: the easy sale at a sky-high price will eventually cycle back toward a buyer’s market once again.
Contemplating selling your home but waiting to maximize profits in this seemingly endless market climb? Remember, high roller: the life of these cycles is hard to predict. You don't want to be stuck indefinitely because you're trying to squeeze out every last drop of a good thing.
The good news? In a booming market like Boulder's, sellers rule. And as a seller, you're in a great position to negotiate now more than ever. Until the next cycle begins, that is. Want to chat more about selling? We know a few good folks (wink, wink). Contact the Mod Boulder team here.
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