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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 |
Greetings!
Happy New Year! I hope that 2012 finds you and your family well. Just a few quick thoughts on the market as we begin a new year:
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The Outlook From Here
The Boulder County real estate market ended strong in 2011. For the third year in a row I found myself very busy in December. I'm optimistic about the market continuing to pick up speed in 2012. 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, 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. 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 will always keep your best interests at the forefront, please give me a call. As always, I appreciate your referrals.
- Rich
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By The Numbers:
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Median
Sales Price
2008
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Median
Sales Price
2009
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Median
Sales price
2010
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Median
Sales Price
2011
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Residential
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Boulder
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539,000
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525,000
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535,000
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545,000
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Louisville
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350,300
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355,000
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395,000
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380,500
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Lafayette
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311,500
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314,000
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310,000
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320,000
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Longmont
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219,900
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220,000
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228,000
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220,000
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Gunbarrel
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380,000
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429,000
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425,000
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400,000
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Niwot
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650,000
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608,000
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540,000
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636,250
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Superior
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401,300
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396,500
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412,000
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374,000
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Broomfield
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348,490
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321,000
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334,290
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321,415
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Erie
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305,000
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315,000
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323,000
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303,801
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Mountains
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355,000
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360,000
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365,000
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316,000
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Condos/
Townhomes
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Boulder
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249,000
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240,000
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255,000
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245,000
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Louisville
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212,000
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207,000
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185,700
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185,500
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Lafayette
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170,000
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171,000
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167,500
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184,000
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Longmont
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169,500
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169,900
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163,000
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165,000
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Gunbarrel
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161,500
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159,900
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168,000
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154,500
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Superior
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212,500
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210,000
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220,000
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220,000
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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 diversifying some of your stock investments into real estate holdings. Look at the right sidebar for a list of real estate services that I can provide to you.
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Current Interest Rates:
30 Year Fixed Conforming 3.875%
5/1 ARM Conforming 2.625%
15 Year Fixed Conforming 3.125%
30 Year Fixed Jumbo 4.50%
5/1 ARM Jumbo 3.125%
7/1 ARM Jumbo 3.5%
Rates provided by Calvin Cox at Bank of Commerce Mortgage / 303-931-8360
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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.
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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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