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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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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!
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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.
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Green for the Holidays Boulder's EcoCycle has just published its awesome Green Holiday Guide online.
Get it here. Some highlights:
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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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574,500
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96.43
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118
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Louisville
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387,500
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98.31
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102
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Lafayette
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359,000
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97.77
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104
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Longmont
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232,000
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97.61
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106
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Gunbarrel
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401,500
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96.90
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113
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Niwot
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612,500
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95.69
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146
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Superior
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410,000
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98.32
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86
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Broomfield
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319,000
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97.53
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110
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Erie
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325,750
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97.77
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116
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Mountains
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346,000
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95.11
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172
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Condos/Townhomes
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Boulder
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252,000
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97.43
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141
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Louisville
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201,500
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97.98
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104
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Lafayette
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196,000
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98.12
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108
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Longmont
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162,950
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97.30
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118
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Gunbarrel
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161,500
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97.58
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113
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Superior
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182,000
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97.15
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92
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Source: Information Real Estate Services
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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
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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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