The summer real estate season has ended and sellers, looking to grab some attention from remaining buyers are rightfully lowering prices. Since my last post on 8/21/09, there have been 101 listings with prices reduced.

As our clients know, we recommend only a handful of trusted mortgage brokers. We've done many deals with these brokers and we know they promise only what they can deliver. They're willing to compete with ...

According to Zillow, Boulder home values increased 4.1% in 2Q09. Nationwide, the same index is showing a 12.1% decline. Sounds like good news, if you believe it.

Reacting to slow sales, the latest price drop was massive. The average asking price decreased $114,227. One particular unit dropped over $250,000. Asking prices now range from $230,000 to $600,000, compared with $350,000 to $950,000 when the development first opened.

It's about supply and demand, period. In real estate, inventory represents supply and sales volume is indicative of demand.

I've planned our route and tomorrow's house tour is ready to go. The weather forecast for is looking good, and the houses I've chosen should be of interest. It should be fun, so I hope you can make it.

To help you understand the market in Boulder for town homes and condos, here's an update on real estate conditions (as published in the Silver Fern Report).