Flatirons

R i c h ' s   B o u l d e r   C o u n t y   R e a l   E s t a t e   R e p o r t 

Flatirons
Greetings!   
Happy New Year!  I hope that 2011 finds you and your family well.  Just a few quick thoughts on the market as we begin a new year:
 
The Outlook From Here 

 

For the second year in a row, I found myself very busy in December.The market took off early in 2010 with the extension of the tax credit.  There was a bit of a lull after the tax credit expired, but in the fall many buyers sized up the market and decided to take advantage of low interest rates and great prices.  The Boulder County real estate market improved in 2010 over 2009.  The number of sales increased slightly in 2010 and the median price increased a bit in most areas of the county.  The largest increase was in Louisville where the median price was up 11%. 

 

I'm optimistic about continued market recovery in 2011.Excellent market conditions continue to exist for buyers and it's well worth your while to consider taking advantage of these conditions to make a move or to make an investment in real estate.  Interest rates continue to be historically low, but have started to rise slightly, so now is a good time to buy or refinance.  For sellers, getting on the market now -- instead of waiting for the traditional Spring selling rush -- will likely net a better price. The ratio of listings to buyers is lower in the first quarter, and this generally results in a higher sense of urgency for buyers and a better environment for sellers.

 

Successful deals in this market take time, knowledge, patience and persistence. Thankfully, this is the kind of real estate I've been practicing my entire career.  I've never hurried anyone into a deal or pushed a sale that didn't make absolute sense. If you or any of your family or friends want a trusted advisor who always will keep your best interests at the forefront, give me a call. As always, I appreciate your referrals.

 

- Rich
 
By The Numbers:

Median

Sales Price

2007

Median

Sales Price

2008

Median
Sales price

2009

Median

Sales Price

2010

Residential

 

 

 

 

 

   Boulder

550,000

539,000

525,000

535,000

   Louisville

355,000

350,300

355,000

395,000

   Lafayette

318,700

311,500

314,000

310,000

   Longmont

239,900

219,900

220,000

228,000

   Gunbarrel

420,000

380,000

429,000

425,000

   Niwot

675,000

650,000

608,000

540,000

   Superior

389,000

401,300

396,500

412,000

   Broomfield

309,000

348,490

321,000

334,290

   Erie

300,651

305,000

315,000

323,000

   Mountains

365,000

355,000

360,000

365,000

Condos/

Townhomes

 

 

 

 

   Boulder

240,000

249,000

240,000

255,000

   Louisville

215,000

212,000

207,000

185,700

   Lafayette

187,000

170,000

171,000

167,500

   Longmont

182,000

169,500

169,900

163,000

   Gunbarrel

168,000

161,500

159,900

168,000

   Superior

189,900

212,500

210,000

220,000


Your Personal Real Estate Review.  Believe it or not, now is an opportune time to review your real estate portfolio and set goals - short term and long term.  I can help.  I'd be happy to meet with you to discuss your goals and prepare a report analyzing the current value of your home and other real estate holdings.  It might be time for you to consider making a move, venturing into income property, or transitioning stock investments into smarter real estate holdings.  Look at the right sidebar for a list of real estate services that I can provide to you.  I also can provide information to help you validate or dispute the tax assessment you'll be receiving in May of this year.

 

 

Current Interest Rates:

                                          30 Year Fixed Conforming                   4.75%

                                5/1 ARM Conforming                          3.125%

                                15 Year Fixed Conforming                  3.875%

                                30 Year Fixed Jumbo                           5.50%

                                5/1 ARM Jumbo                                   3.625%

                                7/1 ARM Jumbo                                   3.875%

Rates provided by Calvin Cox at Bank of Commerce Mortgage / 303-931-8360

JANUARY 2011
Rich Gribbon
In This Issue
Market Outlook
Median Sales Prices
Personal Real Estate Review
 

Real Estate Services that

I can help

you with

 

Buying & Selling. 

Refinancing. 

 

Leveraging equity to buy investment property.

 

1031 Exchange.

 

Real estate as a retirement strategy. 

 

Using your IRA for real estate investing.

 

Real estate for college savings.  

 

Buying real estate for college-age children to live in while at school.

 

Helping parents relocate or transition to a new housing situation.

 

Purchasing vacation property in ski country, tropics or other resorts.

 

Finding a quality realtor to help with a transaction outside our market.

 

Find me on Facebook 

 

You can now go to my Facebook page and click "LIKE" to find out the latest in the Real Estate World. 

 

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2425 Canyon Blvd. Suite 110 Boulder, CO 80302
T: 303.441.5685  C: 303.931.6979   F: 303.449.8554
richgribbon.com