i thought i'd ask in a different context...are real estate prices in boulder, co going down? if so, how much and for how long (in your opinion)? i looked at valuations at zillow and they seem to be all over the place...i'd love to hear from folks who are familiar with real estate prices in boulder proper. thanks!
Boulder is expensive to live in. Most of the people who work in Boulder can't afford to live there.
From what ive heard, prices are still going up but i bet they will start going down within the next couple of years. I really dont understand the desire of boulder but a lot of people do and that is what jacked up the real estate. but everything that goes up must come down, right?
According to a Real Estate broker's analysis in September of this year, the median price went from $513,750 to $548,000. However, there was a 25% increase in homes available on the market, without a commensurate increase in sales. So that at least is a sign for buyers. I also recall reading in the Rocky Mountain News (sorry, I don't think it's still online) that central-Boulder's 80302 and 80301 zip codes had gone up, while suburban and rural Boulder's 80303 and 80304 zip codes had gone down and stayed flat, respectively. That's from my memory so take it with a grain of salt. See the blog and blog entry below for more information.
