COVID-19 Affects on Boulder County Real Estate

Stats through the end of April are in and you can see the effects of the COVID-19 and stay-at-home orders. For a few weeks, properties were not allowed to have in-person showings, nor staging or photography activities. As you can imagine, the lack of photos can make it hard to advertise a property online! Some sellers decided to take their own, and some decided to withdraw their listing or postpone until we are over our virus peak.

As of May 9, in-person showings were allowed again, although open houses are still forbidden. You can see the affect on the active listings total in Boulder County, down for both detached single family homes and attached townhouses and condos. Months of inventory are also down since this period last year, which means that for the buyers that are still out there looking, pickins' are slim and bidding wars are still occurring for prime properties.

Prices in the Boulder Valley have been holding so far. Since the pause in activity was not caused by anything in the housing industry, sellers still want the prices they were seeing before the stay-at-home order. And to a large degree they are getting them. Investors may see some opportunities where others are having difficulty, like AirBNB properties. Interest rates should hold steady this year, and listings are beginning to increase. Get your financial ducks in a row - when that perfect property comes across your app, you'll want to be ready to move quickly!

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I would love to help you with your real estate journey. 

Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

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