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Episode #21: Million Dollar Tipping Point

by Bob Connors

What is going on with Boulder County’s million dollar market?  In the Denver and Boulder real estate markets below the 700k price point there is some really good activity.  In fact, the sub-400k market is humming in certain places due to all the first time buyers.  But the 1MM market in Boulder is odd.  You’ve got many homes lingering on the market for long periods of time.  Those homes are pulled and relisted w/different brokers but quite often at the same price.  Over and over again.  This indicates that the home owners at this price point simply have not reached a tipping point that would cause them to lower prices.  The threat of foreclosure is not a huge factor at this price point and so many sellers continue to hop on and off the market expecting a sale at last year’s prices.  It’s not happening in most cases.

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