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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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The Market Continues to Roll A year ago I was reporting that the market had started to slow for the fall and there were fewer sales than the prior year, but prices were stable or up slightly. In 2012, I have been consistently reporting that market activity and median price are up and this September the market continues to be active and has not slowed at all. Single family homes and attached dwellings in Boulder County in 2012 on average are up across the board including higher median price, lower average time on market, and higher sales volume (up over 26%). A year ago the 30-year fixed rate was 4.5% and this year it is 3.5%. Higher rents combined with lower interest rates have driven the market in 2012. With the market continuing to move as we enter Fall, this is a good time to be a seller.
If you are staying put, the word of the day is "refi." With rates being so low, now is the time to lower your payment and/or cut years off your mortgage. No matter what your situation, I'm here to make the market work for you. Contact me for advice anytime.
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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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570,000
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96.05
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123
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Louisville
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380,500
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98.21
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99
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Lafayette
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348,500
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97.63
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120
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Longmont
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233,000
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97.43
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107
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Gunbarrel
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404,250
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96.65
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121
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Niwot
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600,000
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95.24
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137
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Superior
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392,200
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98.24
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86
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Broomfield
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328,000
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97.49
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114
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Erie
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325,250
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97.51
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115
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Mountains
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342,500
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95.13
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176
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Condos/Townhomes
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Boulder
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250,000
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96.91
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181
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Louisville
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201,000
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97.87
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112
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Lafayette
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205,000
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97.97
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114
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Longmont
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1646000
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96.98
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133
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Gunbarrel
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162,750
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97.31
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106
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Superior
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184,000
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97.26
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96
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Source: Information Real Estate Services
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Fall Check List 
Sprinkler system Have your sprinkler system blown out in order to prevent it from freezing and leaking. Caulking and weather stripping Inspect the caulking and weather stripping around windows and doors and check for cracking and peeling. Ceiling fans Reverse the direction of ceiling fans so the blades turn clockwise, forcing force warm air around the room. Furnace Have your furnace tuned including changing the filter and making sure the thermostat is working. Heating ducts Ducts should be cleaned every two years. Smoke alarm and carbon monoxide detectors Test smoke alarms and carbon monoxide detectors and install fresh batteries. Gutters Clean your gutters to prevent clogs that can cause rainwater spill over or back up and freeze. I know many excellent trades people and would be glad to share their names.
Give me a call anytime. |
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Current Interest Rates
30 Year Fixed Conforming 3.5%
5/1 ARM Conforming
2.5%
15 Year Fixed Conforming
2.875%
30 Year Fixed Jumbo
4.0%
5/1 ARM Jumbo
2.875%
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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