2023 Real Estate Flash Sales & Recession Deals

2023 Real Estate Flash Sales & Recession Deals

What a wild trip real estate has been since our last newsletter. We have thankfully been so busy at our brokerage, that May was the last month we sent one of these! Our 2023 resolution is to provide market updates more frequently so we may keep you up-to-date on real estate in our area. Speaking of resolutions and goals what are yours this year? Please read our article below on some ways that others are setting goals for themselves in 2023.  
What is new with us since our last newsletter? In July, both Thom and Julie were featured in Real Producer Magazine as “Realtors To Watch”. Because SRE grossed sales in the top 20 companies in Boulder, the magazine asked us to do a short article on who we are and how we have been so successful in such a small timeframe (SRE started in March of 2020 right before the pandemic shutdown). We were honored to be a part of such a rarified group and to be one of the only top producing, INDEPENDANT real estate companies left in Boulder. Please read the full article HERE.
For home sales in 2022, we helped numerous friends and clients to buy and sell properties. We were astounded to close on 32 properties! We even outproduced our production from 2021 and 2020 combined. We are so thankful to all of you for making our goals a reality. 
In this issue of our newsletter, we will be adding a section detailing some great deals that exist in today's market. For many buyers, the constant bombardment of negative market news and higher rates has left them on the sidelines waiting. Many have even stopped watching the market all together. If you are even considering a move, now is the time to take advantage of low competition, great inventory, and in some cases, up to 15-30% reductions in price! If you are currently in the market to buy a home, now is a great time before the spring inventory comes out and the competitive madness starts. Also, rates have slid back in the 5’s for jumbo and low 6’s and are predicted to go lower (note that seller paid buy-downs are also available to get rates that are comparable to last years). This combined with the continued low inventory and strong job market, should create another crazy year for real estate in our area. 
If buying or selling a home or investment property are one of your goals this year, please contact us. Our state-of-the-art research tools and knowledge are certain to help you get the most out of your investment. We have been calling all our buyer’s recently to let them know great opportunities exist. Also, if you are looking for ways to get into a larger home, there are many solutions available including bridge loans or contingent sales on your current home (yes, you can now buy and sell at the same time again!). We are thrilled to see a more balanced market, and are convinced this will be another strong year in real estate. Please let us know if you have any questions and please let us know if we can be of assistance for any of your goals this year.

Flash Sales - "Recession" Deals:
Below are just a few of the amazing deals we have seen hitting the market

348 Hollyberry Ln Boulder, CO 80305 $1,275,000

This is one of our favorite streets in Boulder. Originally starting at $1,500,000 in December, the sellers dropped the price after 40 days on the market by an astounding $225,000! This particular lot sits beautifully on the street with amazing views and even has architectural drawings available in the supplemental information! We could not believe the price tag and neither could the market. This went under contract shortly after the price drop. About 2-3 years ago, we took clients on a tour and a place down the street that was in much worse condition and worse lot went over $1M. This was an incredible deal in our opinion and someone is going to either make it into their dream home, or a builder bought it to make a fortune.

305 S 36th St, Boulder, CO 80305 $799,000

We originally took clients to see this property last year when this was on the market for 116 days! Unfortunately the market had turned and the sellers missed the high point by just a couple months. Originally listed at $950,000, the sellers had purchased this home off-market for only $630K just six months earlier, closing in January of 2022. Apparently they could not afford the building costs and tried for a Hail Mary for over $300K more! The market reacted accordingly and it sat.

With the recent balancing we have witnessed in the market, the sellers wisely repriced the home just under $800,000 with a fresh coat of paint, staging and a few minor upgrades. The result - under contract in 3 days! This is a great example of why presentation, timing and pricing are the most important variables when listing your home. Please call us for a free home evaluation and advice on ways to get your home ready to list this Spring.

188 E La Bonte Street, Dillon CO #327 $785,000

This Marina Place Condo in Dillon is a rare find at this price. With panoramic lake views and 2 bed/ 2 bath/ 1204 sq. ft. condo (~300 sq. ft. larger than other units) it went under contract in 3 days. We watch this area closely and if this were completely upgraded it could be well over $1M given the historical sales for this HOA. 

8100 Ryan Gulch Rd, Siverthorne CO 80498 $589,000

2 bedroom plus a loft, 2 baths, on e off the best clubhouses in the mountains (pictured). The only downside to Ryan Gulch and treehouse is that the moratorium is in effect until February. Should it be lifted, this would be an amazing steal!

703 Arrow Ct Lafayette CO 80026 $350,000 (over 197 DOM)

In need of a facelift and a little TLC, this end-unit townhome is available right now for $210 psf in a great location and primed for a lower offer. Although it might not be for everyone, it has a low maintenance HOA, good size, and renters who will pay almost the entire mortgage at the current PITI through May!  

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Boulder County Metrics:

Inventory, DOM, and months supply are all up. Also, percent of list is down 4.6% which indicates a much more balanced market than we have seen in year's past.
Colorado Association of Realtor's Market Summary - Boulder
Colorado Association of Realtor's Market Summary - All
New Year's Resolutions?

Here are some ways you can set this years resolutions. 
  • Set specific, measurable, and achievable goals: Setting specific, measurable, and achievable goals means that you have a clear idea of what you want to accomplish, how you will measure your progress, and that the goal is something that is realistically attainable.

  • Make a plan of action: Once you have set your goals, it is important to create a plan of action to achieve them. This may include specific steps you will take, resources you will need, and a timeline for when you want to achieve your goals.

  • Be realistic and start small: Starting small and gradually building up to bigger goals is important because it allows you to make progress on your resolution and build momentum without becoming overwhelmed. It's important to be realistic and not to set impossible goals.

  • Track your progress: Keeping track of your progress is crucial to staying motivated and on track with your resolution. You can use a journal, calendar, or an app to track your progress and make any necessary adjustments to your plan.

  • Celebrate your successes and learn from your failures: Recognizing your successes and learning from your failures is important for staying motivated. When you achieve something, celebrate it and when you face obstacles, learn from them and adjust your plan accordingly.

  • Share your resolutions with a friend or family member: Sharing your resolutions with a friend or family member can provide accountability and support, which can be helpful in achieving your goals.

  • Reflect on your progress regularly: Reflecting on your progress regularly helps you stay on track with your goals and make adjustments as needed.

  • Break your resolutions into smaller, manageable steps: Breaking your resolutions into smaller, manageable steps makes them more achievable and less overwhelming.

  • Reward yourself for reaching milestones: Rewarding yourself for reaching milestones helps to keep you motivated and makes the process more enjoyable.

  • Remember that it is okay to change your resolutions if they are no longer applicable or you have achieved them: Sometimes, goals change and it's important to remember that it's okay to change your resolutions if they are no longer relevant or you have already achieved them.


Under Contract: 2225 Floral Dr, Boulder CO 80304

Property Description:
Have you been searching for a charming farmhouse-style home in the city of Boulder? If your answer is yes, look no further than this tastefully updated property on Floral Drive! Located near 28th Street, dining, shopping, entertainment, etc. are all conveniently close by. As for the home itself, this 4 bedroom/3 bathroom treasure comes with a 1 car garage and beautifully finished basement. Flooring, carpet, paint, granite countertops, and appliances are all new and waiting to be enjoyed by their new owner. The lovely and serene backyard is the cherry on top of this property! Welcome home! 

Under Contract: 5051 Vermillion Lane, Castle Rock, CO 80108

Property Description:

This beautiful 4 bedroom | 3 bathroom home located in a gorgeous enclave in the coveted and private Village at Castle Pines community immediately draws you in with tasteful features and graceful design. Resting on a private lot nestled in a stunning outdoor oasis, this open concept home is designed with indoor | outdoor living in mind and offers a path to a genuine, stress-free Colorado lifestyle. Walkable to restaurants, shops, tennis, pickle ball courts, pool and fitness center and situated on a lot that makes you feel like you're on a mountain vacation, this well maintained, spotless home offers an immediate opportunity to inhabit a gorgeous property today!

Under Contract: Prairie Village Villas, LONGMONT, CO

Here are some highlights:

  • Located 2 miles from downtown Longmont
  • Low-maintenance paired homes with private side yards
  • Zoned for top-rated St. Vrain Valley Schools
  • Near golf courses, shopping, dining, neighborhood parks and trails
  • Easy access to Hwy. 66 and I-25
  • Close to Union Reservoir for boating, kayaking and swimming
If you have any questions about buying a new construction home, please contact us.

SOLD: 5345 Wild Dunes Ct, Boulder CO 80301

Congratulations to our Buyers for this amazing purchase. It was a hard fought battle with a difficult seller, but our negotiation skills went to work to come to terms and close on this fantastic home in Country Club Estates.

Property Description:
WELCOME HOME! This newly remodeled & tastefully updated 2-story is nicely appointed on a quiet cul-de-sac in Country Club Estates & just a short walk to the private neighborhood pool, club house, tennis courts, park & trails. An inviting entry with designer lighting welcomes you to the spacious & comfortable interior with an open floor plan, elegant curved staircase, comfortable living & dining areas & nicely updated modern eat-in kitchen w/ large center island, quartz countertops & stylish designer backsplash. Kitchen is open to a sun-filled family room with a gas fireplace & 2-story ceilings & windows. Extensive hardwoods on the main floor & work from home in the main floor office w/ built-ins. 4 generous sized bedrooms on the upper floor including a spacious & private primary suite w/ a cozy 2-sided gas fireplace to the 5-PC bath. Plenty of room to relax or entertain in the garden-level basement with a huge rec/bonus room & built-in bar with refrigerator, dishwasher, sink & microwave & above grade windows that bring in plenty of light. Wonderful back deck w/ pergola, a stamped concrete patio & fenced backyard complete this terrific home. Top-rated BVSD schools & your choice of Boulder High or Fairview!

SOLD: 427 Paragon Dr, Boulder 80303 

Congrats to this lovely family for finding their dream property. After realizing that purchasing land to build new was a costly exercise, we started looking at renovation options and found this AMAZING property in Spanish Hills. In one of our favorite areas, East Boulder, this beautiful property sits on a 2 acre lot with views of the entire front range. We are excited to see the finished product later this year TBD.

Property Description:
Outdoor living is unrivaled in this one-of-a-kind Boulder home. Sited on nearly 2 acres, this quiet estate provides solitude in the friendly, HOA-free Paragon Estates neighborhood. The light-filled interior is enhanced by soaring beamed ceilings in the family room & unparalleled views that greet you in nearly every room. The dining room welcomes festivities, offering plenty of room for guests, glass doors frame extraordinary views, providing access to the patio, creating an indoor/outdoor flow that is perfect for Boulder lifestyle entertaining. Kitchen is tucked away featuring a sunny breakfast nook & lots of storage. Upstairs is the secluded owner's suite is abundant with natural light, private, expansive& highlighted by wood flooring, a private deck, & 5 piece bath w/jetted tub. Loft area would make a perfect home office. 360 degree views in the upstairs rec room w/deck & wood flooring. 3 secondary bedrooms are conveniently located on the main level. Mini-splits in all rooms create comfort throughout. Tremendous opportunity to live on a quiet, seldom-driven street close to trails.

SOLD: 785 32nd St, Boulder CO 80303

This was one of those hard fought battles to win this property for our clients as a backup. We were able to do all of the research for the renovations and price it accordingly. In the end, we got our Buyers the home under the listing price and beat out the competition. This set of grandparents from Texas are now able to be right down the street from the grandkids! 

Property Description:
Great Starter home or Investment property in the heart of Boulder. Beautiful living room fireplace for cozy evenings. Bar seating with kitchen open to living room. Refinished hardwood floors, new paint inside and out, gas stove, detached garage, new driveway, updated kitchen and bathroom, newer updated windows. Lush Fenced private back yard with concrete slab and electrical hook ups for hot tub. Stackable laundry, Smart regs compliant and valid rental license. Walk/ride to multiple parks, schools and all that Boulder has to offer.


Sold: 4088 Saint Lucia St, Boulder, CO 80301

This was a great transaction and we got our Buyers the second highest price per square foot in the neighborhood in a Buyers market! We were also able to get them under contract in 3 days during and with only $6K in concessions. This is a great example of how SRE's experience and negotiating skills can help get you the top dollar in this shifted market.  Congratulations to our Sellers who moved to Vail to pursue their ski dreams and seek a new adventure. It was a great experience getting to know them and their community. 

Property description:
Meticulously maintained, Four Mile Creek home with plenty of charm and size to suit your Boulder lifestyle. As you walk into the home through the beautifully landscaped yard, you are greeted by a charming front porch that enters a sun-drenched great room with vaulted ceilings. From there the home invites you into an open kitchen-living room area that exits onto a new back deck for entertaining and relaxing. Upstairs there are four bedrooms including the primary bedroom boasting flatirons views, a 5-piece ensuite bathroom and an outfitted closet by Colorado Closets. Downstairs you will find two more bedrooms with a walkout basement and a recreation room that can be used for numerous activities. Newer HVAC and whole house fan will give you plenty of cooling options this summer. Highly desirable 3-car garage to house all of your cars and toys. This neighborhood is known for its community and has unrivaled parks, bike paths, schools, and is conveniently located to downtown Boulder.

SOLD: 41 Navajo Nederland, CO 80466 

Listed in May of last year, we hit the market at a low point, but thankfully, with a lot of hard work (and open houses), we were finally able to find the perfect buyers!

Property Description:
Come see this sun drenched chalet with million dollar views. This home sits at the top of Navajo Trail on the sunny side of Nederland with a full acre of land and every part has been redone (including: all NEW bathrooms, windows, fireproof Hardie siding (with Lifetime warranty), metal roof, heated gutter system, HVAC, all new flooring, fresh drywall and more). The downstairs was a separate rental from 1972 until 1991 when the current owners purchased the home with a separate entrance, gas, utilities, and more. Easily converted back if desired. You will not believe how much was spent to make this home bullet proof from the elements. Relax next to the new wood burning stove in an open concept floor plan and entertain guests inside or outside on the brand new deck. You will love this private oasis flourishing with character and wildlife. Fully mitigated for fires and walking distance to RTD, schools, downtown and more.

Sold: 554 W 174th Pl, Broomfield, CO 80023

We are so excited to have helped the buyers on this new home in Broomfield. They are the cutest couple and are getting married this year. Can't wait for the wedding!

Property Description

Absolutely beautiful home in Palisade Park, less than a mile from Children's Hospital and access to I -25 and E-470. This beautiful home has been upgraded throughout, from the gorgeous backyard with a large patio for entertaining and maintenance free turf, to the chef's kitchen of your dreams. This rare home features 4 bedrooms and a main level bed/bath for any visitors. Upstairs features an additional loft/study space, perfect for a play nook, library, office space or workout equipment. Premium builder finishes including upgraded backsplash, gas stove, soft close cabinets, quartz throughout and much more. Nearby many parks, trails, restaurants and shopping. Minutes to the Colorado National Golf Course, Flatirons shopping mall, downtown Denver and Lafayette, and surrounding towns. It is rare to find a newer single family residence in this area, so schedule today. Additional features: stainless appliances, gas cooktop, 220V Tesla charger, pre wired for solar, extended/oversized garage, tankless water heater, extended patio, and more. This area is truly beautiful and this home will sell quick!

Sold: 910 Spruce St, Boulder 80302

We are so fortunate to have timed the contract on this property right after it went on the market. We are thrilled for our buyer and just absolutely love this home. It is the perfect fit and in the heart of downtown. You can literally walk anywhere and there are 3 deeded parking spaces downtown! He purchased it from the owner pictured above who is a sassy 90 years old young soul and had lived there for over 40 years. 

Property Description

Cute home in West Boulder one block off Pearl Street built in 1870 on a nice large lot. Home is mostly in original condition and could use a remodel or an addition for more living space. The lot has 3 parking spaces off the alley and a barn/garage. There is a deck with fenced off area for more privacy along with a cure white picket fence. Home offers unlimited potential with a natural landscaping with lots of flowers, couple of apple trees and a grape vine. Lot could possible have an ADU added. Walkable to Lolita's Market, coffee shop, the Boulder Book Store, fine dining, ice cream shops and so much more. Hiking and biking trails nearby and easy access to the mountains.

Sold: 6628 S White Crow Ct, Aurora, CO 80016

Congratulations to our buyers for going through the building process with Toll Brothers in Aurora and making this their fantastic home. In fact, their home is going to be featured on HGTV!! Their interior designer got a 7 episode deal and the house is the one that will be featured on their website. This house is truly amazing.
Property Description:
One of the neatest communities in Denver. Vista Point at Southshore combines resort-style living with close proximity to the magnificent Aurora Reservoir, exclusive amenities, top-rated Cherry Creek Schools, and luxury single-family homes.

SOLD: 45 Beeler Place #2301, Frisco Colorado 80443

If you are looking for the perfect mountain property, we have recently expanded to Summit and beyond. Contact us today for a search or showings please.

Property Description:
Ski Area Views from this updated condo. New Carpet. 300yds to the Flyer Lift, Center Village is across the street with shopping and dining options. Sit in your living room with a roaring fire and gaze out the bay window at the slopes while the snow is gently falling outside. Studio plus separate bunk room, full kitchen, Queen Murphy bed, Private ski locker, Granite counters, stainless steel appliances and leather furniture make this unit stand out from others in the same complex.


We are proud of our boutique brokerage and the ability to win contracts and provide exceptional service in this unbelievably competitive market. With almost all of Boulder's brokerages being national and part of a big brand, we are one of the few small, family-owned, local real estate brokerages left. We promise to provide you exceptional service and complete knowledge of the local market place.

Please contact us any time and, as always, thank you for choosing us as your trusted real estate experts!
Sandrock Real Estate
Real Estate Professionals
Office: 720.704.1769
Mobile: 303.249.5599
[email protected]
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