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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 Outlook From Here
The current inventory of properties on the market remains low. If you're considering selling and then buying another home, now is a good time for the initial sale. But in such a tight market, finding a replacement property presents challenges. A few options to consider:
Buy - Sell
If a good buying opportunity arises and you have the financial wherewithal to acquire it before selling your current home, by all means move forward. Current conditions should make for a rapid sale if your home is priced right.
Sell - Buy
Like most buyers, you may need to sell before buying. Right now, contingency offers are not viable. To be in the best position, you need to be ready to go. In this case, you can make the sale of your house conditioned upon your ability to get under contract on a replacement property within 10 days or so. In the current market, buyers are generally willing to give a seller 10 days to get a replacement property under contract. With your Realtor, get to know the frequency with which homes that meet your criteria appear for sale, and keep this time frame in mind going forward.
Sell - Rent - Buy
Sometimes the right replacement home doesn't appear in time - and moreover you may want to be in a non-pressured buying position. In this case, sell your current home, find a good rental, and enjoy your position as a buyer who is ready but under no time constraints. The right home at the right price is on the horizon.
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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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575,000
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96.54
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107
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Louisville
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395,000
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98.19
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97
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Lafayette
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363,500
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98.02
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104
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Longmont
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240,950
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97.73
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100
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Gunbarrel
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410,000
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96.89
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101
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Niwot
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619,000
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95.83
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146
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Superior
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410,000
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98.38
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87
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Broomfield
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323,890
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97.90
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103
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Erie
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335,500
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97.42
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112
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Mountains
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349,500
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95.58
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182
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Condos/Townhomes
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Boulder
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256,950
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97.58
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123
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Louisville
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209,000
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99.32
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103
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Lafayette
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200,500
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97.94
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112
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Longmont
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167,000
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97.73
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118
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Gunbarrel
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161,000
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96.85
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113
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Superior
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179,950
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97.27
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85
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Source: Information Real Estate Services
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FC Boulder Foundation 
There's nothing like soccer to bring kids and communities closer together. Soccer is the international language of friendship and camaraderie. I have played, coached and enjoyed watching my children play the game here in Boulder for 20 years.
It's been great fun.
But it ain't cheap! FC Boulder - Boulder's premier soccer club - offers kids opportunities to play at every level, with training to achieve the highest ranks. With outstanding quality comes costs. The club recently created a new foundation to increase access across our community. Check it out and give if you can. Thank you.
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Current Interest Rates
30 Year Fixed Conforming 3.5%
5/1 ARM Conforming
2.625%
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
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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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