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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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A few quick thoughts on the market:
The first half of the year is traditionally the most active time in our market. That trend has continued this year, but the market is more active than usual. We are experiencing the "Perfect Storm" to make Buyers get off the fence. Rental rates are up 6.7% and interest rates are down 19% over this time last year. As a result, the number of sales of single family homes is up 21% in Boulder County, with the median sale price up 6%. Attached dwelling sales are up 14% in Boulder County, with the median sales price up 12%. Well priced properties are going under contract quickly and the inventory is down substantially over last year. Clearly, it's a good time for Sellers to be on the market. For Buyers, with interest rates at historic lows, it's a great time to purchase a home or make an investment. Call me anytime to discuss how to make the current market work for you.
Best, Rich
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Area Real Estate Sales
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Median Sales
YTD
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Median
Sales Price
YTD
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% of List Price
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Average Days
to Sale
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Residential
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Boulder
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565,000
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95.38
|
132
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Louisville
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385,000
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97.60
|
101
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Lafayette
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338,948
|
97.12
|
127
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Longmont
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225,000
|
97.10
|
116
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Gunbarrel
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393,000
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96.45
|
134
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Niwot
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607,000
|
95.74
|
157
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Superior
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376,500
|
97.74
|
96
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Broomfield
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335,500
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97.07
|
117
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Erie
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309,500
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96.80
|
122
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Mountains
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327,000
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94.17
|
178
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Condos/Townhomes
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Boulder
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247,200
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96.45
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205
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Louisville
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180,000
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97.53
|
100
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Lafayette
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193,000
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97.73
|
128
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Longmont
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167,000
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96.46
|
144
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Gunbarrel
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160,800
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96.73
|
130
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Superior
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215,000
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97.06
|
101
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Source: Information Real Estate Services
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Selling Season Trends
Recent data from Bank Rate accurately describes the Boulder market during this prime selling season. Read about the trends at RE/MAX of Boulder.
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Congratulations RE/MAX of Boulder
For once again winning the #1 Real Estate Group in the Boulder Weekly's "BEST OF BOULDER COUNTY!"
Here's what they say:
Real estate in Boulder County is a funny thing. Not funny ha-ha, but funny strange. We have the Boulder bubble, in which there are rich people, renters and not-rich people who just happened to buy their property like 40 years ago, when it was more affordable. Then, outside of the bubble, there is that layer of open space, and then there are the communities where the rest of us can afford to live, like the L-towns. Luckily, our home values haven't plummeted as much as in a lot of other markets in the country. When it comes time to dealing with the county's unique real estate dynamics, for the third year in a row, Re/Max of Boulder has been crowned king. And rightfully so. In 2010, RE/MAX of Boulder produced more than twice the number of listings and sales for residential and attached dwellings in Boulder and Broomfield counties than its closest competitors.
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Current Interest Rates
30 Year Fixed Conforming 3.75%
5/1 ARM Conforming
2.5%
15 Year Fixed Conforming
3.0%
30 Year Fixed Jumbo
4.255%
5/1 ARM Jumbo
3.0%
7/1 ARM Jumbo
3.375%
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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