About Boulder's Martin Acres

Two weeks ago I took a look inside a home I must tell my neighbors about, 70 S 32nd Street. Then listed at $550k.

It is a beautiful remodel and pop-top. The home is in a great location and has mountain views. It started out as a small brick ranch and is now a truley amazing two story home in the Martin Acres subdivision. There are only two 2-story properties on the market right now in the Martin Acres Neighborhood including this home. And there were only two 2-story properties that sold in 2010 that could be considered comparable listings.

I was thoroughly impressed with this house. The flow and the design felt thoughtful and tasteful. It has high end finishes throughout and is very well cared for. Enter to a big open first floor. There is a coat closet at the entrance creating some seperation. The kitchen with an island is straight ahead, dining area to the right, and an expansive living room to the left. Through the living room is the fourth bedroom which has a door to the back yard. Other than the coat closet and the fourth bedroom at this floor is completely open and the kitchen completes the 'L' shape. The staircase is at the back of the house and does not cut in to the floor plan at all. It's tucked off on the side. Upstairs you enter to a landing with the washer/dryer in it. Two bedrooms and a shared full bath are at the start of the hall, and down at the end of the hall you march right into a luxurious master sweet. There's a walk-in closet and a really nice 5-piece bath. Besides the large size a great selling point are the mountain views out of the window.

To view this home's listing information visit COhomefinder

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Real estate in the city of Boulder as a whole finished off the year strong.

• Median price was up 5%
  
• New Listings were down 15%
• Number of sales was up 3%

Well the year is off to a slow and steady start in Boulder's Martin Acres. Currently the market is...

• Heavy on the listing side and light on the sales side. There were 5 new listings in Jan 2011 compared to the one new listing in Jan 2010.

• Yet, January 2010 had 3 sales whereas we've only had 1 this year. The Martin Acres home that sold was a Cape Cod with 4bd/2ba on Martin Dr for $415k, down from original listing price of $430k in 7/2010.

• Under contracts are also down from last year. Three houses went U/C in January 2011 compared to the seven in Jan 2010. 2011 will need to see more sales or else the Martin Acres market will get saturated with housing inventory.

• If we look just at the month of January there were 3 listings that went under contract. With 15 listings on the market (as of January 31st) that means the absorption rate went down to 5.0 months worth of inventory. That’s a nicely balanced market.

• Prices are holding steady as of now with the median price hovering right around $390,000 but we need to start closing the gap between the high number of listings and the low number of sales or we might see a dent in the median price.
  

In a small market like the Martin Acres Neighborhood the peaks and valleys are more dramatic than when you are looking at a broader market like the entire city for instance. So there isn’t any reason we won’t have a healthy year.

Bottom line is that the Martin Acres market is a little chilly right now but not so cold that we can’t warm up by spring. We just need to continue with January’s pace and keep the inventory turning over. This could be a good year. I will gladly keep you updated here and on 8z.com of real estate updates as we progress through 2011 on the condition of the Boulder and Martin Acres markets.

Over the past couple months I've been doing a little research of the homes built in the Martin Acres neighborhood. For those of you who may be researching South Boulder Colorado real estate, Martin Acres is a great community South of the CU campus and convenient still to the best amenities of Boulder. Martin Acres is made up of three parts: Martin Acres, William Martin Homestead and Highland Park. In my research helpful resources to identify model names and builders incluuded: The Historical Context and Survey of a Boulder’s Post WWII Residential Architecture and The Historical Survey of Boulder’s Post WWII Residential Architecture. These surveys appear to cover the time period of 1947-1977.

Below are the model names, builders, and subdivisions.

* Arlington – Built in Highland Park subdivision by Turnpike Builders

* Highlander – Built in Highland Park subdivision by Turnpike Builders

* Coloradoan – Built in Highland Park subdivision by Turnpike Builders

* 1 – Built in Martin Acres subdivision by Francis & Williams

* 2 – Built in Martin Acres subdivision by Melody Homes

* Turnpike – more information to come...

* Holiday – Built in Martin Acres subdivision by High Country Homes, Survey Page 28

* Foothills 1200 – Built in Martin Acres subdivision by High Country Homes, Survey Page 28

* Martinique – I am working to verify the accuracy of this model name.

In-depth follow-ups to come in due time - There is always more to learn about a neighborhood! My website, MartinAcresPulse.com has information about these models, property reviews, as well as information about living in Martin Acres.