By Elizabeth Gold
The main issue that continues to hold residential property sales down in Boulder County is the available inventory.
For shoppers, even finding something for less than $700,000 in Boulder County presents a challenge.
Heather Brandt, broker associate with Re/Max Alliance Longmont, points to Longmont as a good source for properties that fit that bill. One of her current listings, 3733 Fowler Lane in Longmont, is priced at $750,000. It combines sought-after features such as custom design and a spirited community with lake access.
“A lot of homes built 10 years ago were more cookie-cutter homes,” she said, “whereas this one was custom built originally in 2001.”
As a 23-year resident of Longmont, Brandt describes one of the desirables for living there as proximity to places such as Boulder, Estes Park, Lyons and Denver.
“Plus, the school system and recreation department are fantastic, new parks are going in, it has a vibrant art community, and there are great breweries and local restaurants.”
The house on Fowler Lane sits on a cul-de-sac with access to public-access McIntosh Lake.
“It has a wrap-around porch with beautiful mountain views and the opportunity for great interaction with neighbors,” she said.
The house has been on the market for less than a year, and now that spring is in the air, it’s getting a lot of attention. It’s customary for families to hold off purchasing a new home in the middle of a school year, Brandt said.
In this price range, pickings are slim, she added. “Between $700,000 and $800,000, there are five resale active properties in Longmont on the market and two under contract.”
In terms of lower-priced properties, Longmont does still have them but they’re going fast.
“I’ve listed properties in the $200,000 price point that needed a significant amount of work and had 12 offers in the first 24 hours,” Brandt said. “Anything under $350,000 in Longmont is getting above-asking price, letters directly to sellers and a lot of cash buyers.
“A lot of investors are trying to purchase them.”