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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
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Hi all,
The current inventory of properties on the market remains low, creating a sense of urgency for buyers. This is especially the case in Boulder, Louisville and Lafayette, with 42% of median priced properties on the market under contract. This is a high percentage of contracts. The average number at any given point during the year is usually around 30% - even in the summer months.
The current inventory of single family homes as well as townhomes/condos is at the lowest point since 2000. With that in mind, now is a good time to act if you're considering selling. Buyers should be cautious about waiting for more inventory, as current demand may result in price increases. Buyers can take advantage of low interest rates and favorable pricing for now.
Please give me a call or email if you want to discuss strategies to make the current market work for you. As always, I appreciate your referrals. Best, Rich
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Area Real Estate Sales
Find additional stats at RichGribbon.com
| | | Median | % of | Avg. | |
Residential
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Sale Price
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List
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Days
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Boulder
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550,000
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94.97
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130
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Louisville
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380,500
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97.55
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100
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Lafayette
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327,066
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97.99
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131
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Longmont
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220,000
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97.14
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112
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Gunbarrel
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400,000
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96.39
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137
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Niwot
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610,000
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96.16
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143
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Superior
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379,000
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97.26
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99
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Broomfield
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326,500
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97.04
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119
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Erie
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299,209
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97.29
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122
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Mountains
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352,750
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93.35
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168
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Condos/Townhomes
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Boulder
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246,301
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96.44
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205
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Louisville
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181,250
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97.05
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99
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Lafayette
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184,000
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97.66
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130
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Longmont
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164,500
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96.81
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143
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Gunbarrel
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157,625
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96.05
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139
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Superior
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220,000
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97.19
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113
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Source: Information Real Estate Services |
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Spring is around the corner - remember to move your clocks forward one hour before bed this Saturday. Daylight savings officially begins at 2 a.m. on Sunday. This is also a good time to change the batteries in your smoke and carbon monoxide detectors.
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Current Interest Rates
30 Year Fixed Conforming 3.75%
5/1 ARM Conforming
2.625%
15 Year Fixed Conforming
3.0%
30 Year Fixed Jumbo
4.5%
5/1 ARM Jumbo
3%
7/1 ARM Jumbo
3.125%
Rates provided by Calvin Cox at Bank of Commerce Mortgage at 303-931-8360
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Contact me for:
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 for transactions outside our market. |
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