Flatirons

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Flatirons

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. 

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

 

Median Sales

YTD 

Median
Sales Price

YTD

% of List Price

Average Days
to Sale

 

Residential

 

 

 

 

 

Boulder

570,000

96.05 

123

 

 

Louisville 

380,500

98.21

 99 

 

 

Lafayette

348,500

97.63

120

 

 

Longmont

233,000

97.43

107

 

 

Gunbarrel

404,250

96.65

121

 

 

Niwot

600,000

95.24   

137

 

 

Superior

392,200

98.24

 86

 

 

Broomfield

328,000

97.49

114

 

Erie

325,250

97.51

115

 

Mountains

342,500

95.13

176

 

Condos/Townhomes

 

 

 

 

 

Boulder

250,000

96.91

181  

 

 

Louisville

201,000 

97.87

112   

 

 

Lafayette

205,000

97.97

114

 

 

Longmont

1646000

96.98

133

 

 

Gunbarrel

162,750

97.31

106

 

 

Superior

184,000

97.26

 96

 

 

Source:  Information Real Estate Services 

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.
SEPTEMBER 2012
Rich Gribbon

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

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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