An analysis of Boulder real estate market conditions.

1. THE SILVER FERN REPORT: Boulder An analysis of real estate market conditions in Boulder, Colorado June, 2010 Phone: 303 586 1241 | www.silverfernhomes.com

2. Boulder, Colorado Phone: 303 586 1241 www.silverfernhomes.com Make a Smarter Real Estate Decision

5. City of Boulder Single Family Houses (detached dwellings)

9. Notable Sales Half Price Special 1909 Norwood Avenue Key Statistics: 5 Bed, 7 Bath 6,688 SQFT Sold: 5/05/10 Days On Market: 701 Sold: $1,100,500 Percentage of Original Asking : 55% Another riches to rags, trophy home to foreclosure story. Wishful thinking asking prices and building without consideration to market value leads to ruin. But, someone got a deal… Entry Level Shines 210 S. 39 th Street Key Statistics: 3 Bed, 2 Bath 1,402 SQFT Sold: 5/18/10 Days on Market: 40 Sold: $400,000 Percentage of Original Asking : 98% Proving yet again that the entry level is robust, this basic 1950s ranch in Martin Acres went under contract just 13 days after hitting the market. Land Grab 2345 Panorama Avenue Key Statistics: 3 Bed, 1 Bath 925 SQFT Sold: 6/09/10 Days on Market: (dubious) Sold: $510,000 Percentage of Original Asking : 88% Hopefully the city’s first trash collector didn’t live here and the preservation folks don’t try to save this shack. This transaction sets a good comp for land values in top notch locations (with a view). It’s also $20K less than it traded at in 2007.

10. City of Boulder Town Homes and Condos (attached dwellings)

14. Boulder: Notable Sales Downtown Living 1655 Walnut Street #107 Key Statistics: 2 Bed, 2 Bath 1,395 SQFT Sold: 5/28/10 Days On Market: 1,012 Sold: $489,900 Percentage of Original Asking : 65% After 3 rounds of heavy price cuts, the Walnut is once again competitive with other high end downtown condos. Beautiful units, great location, and now priced right. Let the sales roll… Affordable Housing 3228 Foundry Place #104 Key Statistics: 1 Bed, 1 Bath 644 SQFT Sold: 5/26/10 Days on Market: 57 Sold: $113,039 Percentage of Original Asking : 100% Proving the value of affordable housing, this attractive unit was not on the market long. Call us for details on how to qualify for the city’s affordable housing program. Old is New Again 1201 Balsam Ave. #103 Key Statistics: 2 Bed, 1 Bath 792 SQFT Sold: 6/1/10 Days on Market: 285 Sold: $324,900 Percentage of Original Asking : 97% A complete renovation of a mid-century building, six blocks from the Pearl Street Mall. Upgraded everything, built green and energy efficient. 4 units have sold during the past 30 days.