Martin Acres (Boulder, CO)
By David Lorraine
(8z Real Estate)
On February 28th I pullsed the market statistics for real estate in Martin Acres. Read below for the stats and my insight in what this means for Martin Acres buyers and sellers. Median Price: Holding steady year to date at $370,000. That's exactly what it was year to date 2010. Days to Sale: Down 10% (that's good). Properties are selling more quickly on average. The average time it takes from list to sale is 200 days instead of the 222 days it took year to date 2010. The good listings are still getting scooped up quickly and closing in 30 to 60 days but it's nice to see the overall average coming down.  Three homes went under contract in February. This was the same amount of listings that went under contract in January. Six listings came on the market for the first time in February. Thi...
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By David Lorraine
(8z Real Estate)
Last week I was touring a home on 42nd in Boulder Martin Acres neighborhood and wanted to catch a video and listing review for the Martin Acres home. This Brick ranch home is in a very decent condition but could benefit from some TLC. Similar homes in the neighborhood have been selling for between $325,000 and $426,000 with the median price being $392,000. In terms of this home, it entered the market on February 16th, 2011 for the price of $409,900. This property was last listed in the MLS system in 2006 at which time the current owners wrote an offer and went under contract just seven days after the listing made its debut. 45 days after that they purchased the home for the asking price of $395,000. I wouldn't be surprised if it goes under contract fairly quickly this time around too. F...
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By David Lorraine
(8z Real Estate)
Two weeks ago I took a look inside a home I must tell my neighbors about, 70 S 32nd Street.  Then listed at $550k.  It is a beautiful remodel and pop-top.  The home is in a great location and has mountain views. It started out as a small brick ranch and is now a truley amazing two story home in the Martin Acres subdivision. There are only two 2-story properties on the market right now in the Martin Acres Neighborhood including this home. And there were only two 2-story properties that sold in 2010 that could be considered comparable listings.   I was thoroughly impressed with this house. The flow and the design felt thoughtful and tasteful. It has high end finishes throughout and is very well cared for. Enter to a big open first floor. There is a coat closet at the entrance creating som...
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By David Lorraine
(8z Real Estate)
Real estate in the city of Boulder as a whole finished off the year strong. Median price was up 5% New Listings were down 15% Number of sales was up 3% Well the year is off to a slow and steady start in Boulder's Martin Acres. Currently the market is... Heavy on the listing side and light on the sales side. There were 5 new listings in Jan 2011 compared to the one new listing in Jan 2010. Yet, January 2010 had 3 sales whereas we've only had 1 this year. The Martin Acres home that sold was a Cape Cod with 4bd/2ba on Martin Dr for $415k, down from original listing price of $430k in 7/2010. Under contracts are also down from last year. Three houses went U/C in January 2011 compared to the seven in Jan 2010. 2011 will need to see more sales or else the Martin Acres market will get saturated...
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Over the past couple months I've been doing a little research of the homes built in the Martin Acres neighborhood. For those of you who may be researching South Boulder Colorado real estate, Martin Acres is a great community South of the CU campus and convenient still to the best amenities of Boulder.  Martin Acres is made up of three parts: Martin Acres, William Martin Homestead and Highland Park. In my research helpful resources to identify model names and builders incluuded: The Historical Context and Survey of a Boulder’s Post WWII Residential Architecture and The Historical Survey of Boulder’s Post WWII Residential Architecture. These surveys appear to cover the time period of 1947-1977. Below are the  model names, builders, and subdivisions.  * Arlington – Built in Highland Park s...
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