|
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
|
 |
|
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
|
|
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. |
|
|
|
|
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. |
|
