Flatirons

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Flatirons
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 
Area Real Estate Sales
Find additional stats at  RichGribbon.com 

   Median% of Avg. 

Residential

 

 Sale Price 

 List

Days

 

Boulder

550,000

94.97

130

 

Louisville

380,500

97.55

100

 

Lafayette

327,066

97.99

131

 

Longmont

220,000

97.14

112

 

Gunbarrel

400,000

96.39

137

 

Niwot

610,000

96.16

143

 

Superior

379,000

97.26

99

 

Broomfield

326,500

97.04

119

 

Erie

299,209

97.29

122

 

Mountains

352,750

93.35

168

Condos/Townhomes

 

 

 

 

 

Boulder

246,301

96.44

205

 

 

Louisville

181,250

97.05

99

 

 

Lafayette

184,000

97.66

130

 

 

Longmont

164,500

96.81

143

 

 

Gunbarrel

157,625

96.05

139

 

 

Superior

220,000

97.19

113

 


 Source: Information Real Estate Services

 

 

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.

MAR 2012
Rich Gribbon

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

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