Flatirons

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Flatirons
A few quick thoughts on the market:
The stats are in and the real estate market in Boulder County is definitely exhibiting momentum. The median sales price of single family homes is up 5.2% in Q1 of 2012 compared to Q1 of 2011. The largest increase in median price was in Lafayette, which increased 22%. The City of Boulder and Louisville saw an increase of 12.5% in median price. The volume of single family home sales was up 12.5% in this year's first quarter, compared to Q1 last year. The biggest volume gain was in the City of Boulder, up 47%. 
 
The median sales price of condos in Boulder County overall increased 6.2%, with the City of Boulder seeing an 11% gain. The volume of condo sales in Boulder County is up just 1.5%, but the City of Boulder increased by 21%. 

 

Overall inventory is still low. One of the hottest spots is South Boulder where 59% of the listings are under contract. This is the highest under-contract percentage in that area in 10 years. For sellers it's a very good time to be on the market. I'm seeing multiple offer situations in some cases. Give me a call anytime to discuss how to make the current market work for you. As always, I appreciate your referrals.  

 

Best, Rich 
Area Real Estate Sales
For more information, go to richgribbon.com
 

 

Previous 12 Months

Median
Sales Price

YTD

% of List Price

Average Days
to Sale

 

Residential

 

 

 

 

 

Boulder

565,000

95.25

134

 

 

Louisville 

385,000

97.55

101

 

 

Lafayette

333,000

97.13

130

 

 

Longmont

223,000

97.11

114

 

 

Gunbarrel

392,500

96.37

137

 

 

Niwot

607,000

96

135

 

 

Superior

381,500

97.44

97

 

 

Broomfield

330,170

97.03

119

 

Erie

304,500

96.72

123

 

Mountains

325,000

93.69

170

 

Condos/Townhomes

 

 

 

 

 

Boulder

247,950

96.44

205

 

 

Louisville

180,000

97.10

99

 

 

Lafayette

184,000

97.79

128

 

 

Longmont

167,000

96.62

144

 

 

Gunbarrel

158,813

96.41

144

 

 

Superior

215,000

96.95

105

 

 

Source:  Information Real Estate Services 

Clean for Spring
Many times I meet with clients who are raring to make a change (relocate, downsize, retire, invest), but find themselves  hostage to mounds and piles of stuff. When time is of the essence, it can be overwhelming. More than this, living day to day with clutter depletes energy and creativity. Start now and start small, focusing on a project you can launch and finish. Choose an item or two from this elaborate spring cleaning check list.
 
APRIL 2012
Rich Gribbon

Current Interest Rates

 

30 Year Fixed Conforming  3.875%

 

5/1 ARM Conforming
2.625%

 

15 Year Fixed Conforming
3.0%

 

30 Year Fixed Jumbo
4.375%

 

5/1 ARM Jumbo
3%

 

7/1 ARM Jumbo
3.375%

 

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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