Real Estate & Construction  July 20, 2021

CEO Roundtable: Bioscience labs, residential real estate red hot in Boulder Valley

BOULDER — Unlike the Great Recession in 2008, real estate brokers, investors and lenders have come through the COVID-19 pandemic relatively unscathed and, in many instances, are now thriving. 

The residential real estate market, along with bioscience labs and pharmaceutical manufacturing facilities, are particularly strong in the Boulder Valley region, industry leaders remarked Tuesday during BizWest’s Real Estate CEO Roundtable. 

A million-dollar floor?

On the residential side, historically low inventory has kept home prices sky high for months on end.

Re/Max of Boulder managing broker Todd Gullette said he doubts Boulder’s median home price will dip back below $1 million in the foreseeable future.

“Inventory…

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A Maryland native, Lucas has worked at news agencies from Wyoming to South Carolina before putting roots down in Colorado.
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