The Boulder Valley is a special place to live and we would like to share with you all that it has to offer.  Whether you are buying or selling, the professional Realtors at Metro Brokers Boulder are here to serve you.  The Realtors at Metro Brokers Boulder are highly dedicated and experienced.  We are members of one of the most recognizable real estate companies in Colorado.  Let us help you learn about the communities, schools, properties and wonderful lifestyle that we know and enjoy in the beautiful Boulder Valley! We are a resource of information about the Colorado Front Range and the local real estate market. We strive to serve our clients in every possible way and create relationships around this principle. We are experienced in giving you the resources and information you need to make a great decision. We serve our clients’ needs and go the extra mile on a daily basis so that the job gets done right. We also enjoy what we do and it shows! We provide the best service possible, using our experience, knowledge and integrity to help you fulfill your goals, all with a personable style and wrapped in a smile! We base our growing business on friendship, good advice and consistency, not hype and never high pressure.

Isn’t it encouraging, in these days of monopoly real estate
companies and national franchises, to do business with a locally owned real estate firm of dedicated professionals?

What is Metro Brokers?

Metro Brokers is Colorado’s only statewide, broker-owned real estate network. For 35 years, Metro Brokers has been helping buyers and sellers in communities across the state make the most of their real estate transactions. Our network of more than 1,500 highly experienced real estate professionals serves buyers and sellers in offices throughout the state. Currently, Metro Brokers holds the number two slot in overall market share in the Metro Denver market. The brand has recognition and a majority of your $80/month membership fee goes toward advertising. To learn more about Metro Brokers go to www.MetroBrokersOnline.com or www.joinmetrobrokers.com.

About Metro Brokers Boulder

Metro Brokers – Boulder was founded in 1991 by John Kearney who wanted to run a full service real estate office without the bureaucracy of a large franchise. The idea was to let each broker run his own business independently while sharing all of the amenities of a larger office. The Metro Brokers structure allows each broker to make their own choices and to run the kind of business they have always imagined. Today our office is still run on the founding principles of independence, professionalism, integrity and value. We strive to provide a great framework for our brokers success and constantly strive to provide an excellent value.

Our office attracts successful, involved agents who value the profession and each other. Among our other involvements, in our office you will find three Boulder Area Realtor Association, Realtors of the Year, three Distinguished Realtors of the Year, two BARA past presidents, a past president of CRS Chapter #1, a Boulder Area Realtor Association Director and two current IRES (regional MLS) managers.

We invite you to work with one of the top real estate investors in the US - Andrew Cordle!

How The Improved Market Has Affected Buyer / Seller Negotiation

As of today home sales in Boulder County are up 24% for the year. At the same time inventory has been consistently low. These conditions have led to multiple offers in many cases. So the logical assumption would be that the average negotiation between buyers and sellers would have become smaller. Makes sense, simple economics. However, after looking at the numbers I am surprised.

Historically, the average negotiation off of the last list price of the property in Boulder County has been just under 3%. Here is a list of the average negotiation of residential properties in Boulder County for each year since 1999.

  • 1999 – 1.37%
  • 2000 – 1.36%
  • 2001 – 1.76%
  • 2002 – 2.41%
  • 2003 – 2.83%
  • 2004 – 2.66%
  • 2005 – 2.44%
  • 2006 – 2.77%
  • 2007 – 3.15%
  • 2008 – 3.23%
  • 2009 – 3.80%
  • 2010 – 4.14%
  • 2011 – 4.11%
  • 2012 – 3.16%* through June 27th

What I find interesting in the figures above are the macro trends in our market. Back in 1999 our area was one of the hottest markets in the country. Our appreciation (as measured by FHFA.gov) was ranked first in the nation, we were in the midst of a sellers market and the average negotiation off of list price was just 1.37%. During 2010 the number of sales had dropped by 40% from the peak in 2005, we had a negative appreciation (-1.9%, FHFA.gov), it was a full buyers market and the average negotiation was up to 4.14%. This year the market has showed some real improvement. We are ranked in the top ten in the nation for appreciation, sales are up 24% from last year and negotiation has fallen to 3.16%.

Delving more into the numbers I found that the difference in negotiation by price range is significant.

The simple table above compares the average negotiation by price range so far this year to the last six months of 2011. Overall sellers improved their negotiation range by around 1/2 %. This improvement held through most price ranges except for the luxury market over $1,500,000. In that segment 28 homes sold with an average negotiation of 3.4%. A huge improvement over the 7% that was recorded over the last six months of 2011.