Flatirons

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Flatirons

Market Outlook 

The market has really tightened up. The number of home sales in Boulder County is up 25% from 2011, but active listings are down 29%. Likewise, attached dwelling sales increased 13% over 2011, with active listings in this category down 40%.

With demand outpacing supply, the median price has increased 6.5% for single family homes and 2% for attached dwellings this year. Those price gains coupled with historically low inventory should result in some substantial appreciation if the trends continue into 2013. I'm predicting a very active market in the first quarter, based on pent-up demand and low inventory. The first quarter is traditionally the best time for sellers to be on the market and 2013 should be no exception. If you know anyone who is considering selling or buying, please spread the word.  I hope you had a great 2011. I wish you and your family a happy holiday season as well as a healthy and prosperous New Year!

Big Money Bets on Housing Rebound
I read an interesting piece in the New York Times this month. Here's the gist: "As the foreclosure crisis grinds on, knowledgeable, cash-rich investors are doing something that still gives many ordinary Americans pause: they are leaping headlong into the housing market. And not just into tricky mortgage investments, collateralized this or securitized that, but actual houses."  Read the full article here.  

 

Green for the Holidays
Boulder's EcoCycle has just published its awesome Green Holiday Guide online.
Get it here. Some highlights:
 
Area Real Estate Sales
For more sales statistics, go to richgribbon.com
 

 

Median Sales

YTD 

Median
Sales Price

YTD

% of List Price

Average Days
to Sale

 

Residential

 

 

 

 

 

Boulder

574,500

96.43  

118

 

 

Louisville 

387,500

98.31

102 

 

 

Lafayette

359,000

97.77

104

 

 

Longmont

232,000

97.61

106

 

 

Gunbarrel

401,500

96.90

113

 

 

Niwot

612,500

95.69   

146

 

 

Superior

410,000

98.32

 86

 

 

Broomfield

319,000

97.53

110

 

Erie

325,750

97.77

116

 

Mountains

346,000

95.11

172

 

Condos/Townhomes

 

 

 

 

 

Boulder

252,000

97.43

141 

 

 

Louisville

201,500 

97.98

104 

 

 

Lafayette

196,000

98.12

108

 

 

Longmont

162,950

97.30

118

 

 

Gunbarrel

161,500

97.58

113

 

 

Superior

182,000

97.15

 92

 

 

Source:  Information Real Estate Services 

DECEMBER 2012

Current Interest Rates

 

30 Year Fixed Conforming  3.375%

 

5/1 ARM Conforming
2.5%

 

15 Year Fixed Conforming
2.75%

 

30 Year Fixed Jumbo
3.875%

 

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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