Flatirons

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Flatirons

The Outlook From Here 

 

The current inventory of properties on the market remains very low, creating a high sense of urgency for buyers. Multiple offers are occuring frequently. This is the case all over Boulder County and the lower the price range, the hotter the market. 

 

Currently, more than 50% of the houses in Boulder County priced at or below median range are under contract. In the City of Boulder, 72% of the houses priced at or below the median are under contract. The market is improving at the higher ranges too - 42% of Boulder County houses priced above the median are under contract. This is a significant percentage; the average number at any given point during the year is usually around 30% - even in the summer months. The shortage of inventory is resulting in an improvement in the townhome/condo market as well. In the City of Boulder, 50% of townhomes/condos are under contract regardless of price range. 

 

The current inventory of single family homes as well as townhomes/condos is at the lowest point since 1990. With that in mind, now is a great time to act if you're considering selling. Buyers should be cautious about waiting for more inventory, as current demand is resulting in price increases. Buyers can take advantage of low interest rates and favorable pricing for now, but interest rates have started to rise. 


Please give me a call or email if you want to discuss strategies to make the current market work for you. As always, I appreciate your referrals. 

Best, Rich

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

574,000

96.46    

118

 

 

Louisville 

393,500

98.19

 98

 

 

Lafayette

357,250

97.83

107

 

 

Longmont

238,750

97.57

102

 

 

Gunbarrel

407,250

96.70

109

 

 

Niwot

612,000

95.56  

145

 

 

Superior

410,000

98.36

 86

 

 

Broomfield

327,800

97.76

106

 

Erie

335,000

97.23

115

 

Mountains

344,500

95.58

176

 

Condos/Townhomes

 

 

 

 

 

Boulder

260,000

97.48

130   

 

 

Louisville

203,900 

98.66

105  

 

 

Lafayette

205,000

97.73

110

 

 

Longmont

164,000

97.60

119

 

 

Gunbarrel

160,500

96.90

117

 

 

Superior

180,000

97.18

 79

 









 

Source:  Information Real Estate Services 

MARCH 2013

Current Interest Rates

 

30 Year Fixed Conforming  3.625%

 

5/1 ARM Conforming
2.75%

 

15 Year Fixed Conforming
2.875%

 

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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