Flatirons

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 

Flatirons

Hi all,  

Some quick thoughts on the market:  Interest rates have continued to rise over the last month (up from 3.5% to 4.5% since May), but are still near historic lows. The increase has not slowed down the market, and is actually causing buyers to act in case rates go up any further. The market is definitely still hot at the lower end with properties moving quickly and multiple offers in some cases. The higher end is not as smoking hot, but it has improved dramatically over 2012. In Boulder, the number of sales over $1 million are up 25% YTD this year over last year, and selling 40% faster - 122 days on market in 2013 compared to 172 in 2012. I hope you're having a great summer. Call me anytime to discuss the market.  - 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

605,300

96.75        

 96 

 

 

Louisville 

422,350

98.43

 90

 

 

Lafayette

373,049

98.57

 94  

 

 

Longmont

249,000

98.07

 96   

 

 

Gunbarrel

432,500

97.64

 88   

 

 

Niwot

575,000

96.36   

125

 

 

Superior

430,000

98.88

 79

 

 

Broomfield

330,000

97.86

 93   

 

Erie

339,900

97.51

102

 

Mountains

359,000

95.60

178

 

Condos/Townhomes

 

 

 

 

 

Boulder

255,728

97.75

101    

 

 

Louisville

210,500 

99.69

 83

 

 

Lafayette

199,000

98.59

101

 

 

Longmont

178,900

98.06

104

 

 

Gunbarrel

164,000

97.10

 96 

 

 

Superior

188,700

98.21

 78

 








 Source:  Information Real Estate Services 

6 Colorado metros on Improving Markets Index

Boulder was the top-performing real estate market in Colorado on the National Association of Home Builder's most recent Improving Markets Index. Five other Colorado metros also made the list. See how Colorado metros are improving and which ones didn't quite make the grade.

Why everyone loves There With Care 

Like you, we're big fans of local non-profit There With Care around here. Comedy legend Cheech Marin headlines their next big event and tickets just went on

sale. Read more here. 

Interest rates updates
Want to know how interest rates are changing from week to week? Stay updated by liking my Facebook page.
JULY 2013


Current Interest Rates

 

30 Year Fixed Conforming  4.5%

 

5/1 ARM Conforming
3.625%

 

15 Year Fixed Conforming
3.5%

 

30 Year Fixed Jumbo
4.75%

 

5/1 ARM Jumbo
3.25%

 

7/1 ARM Jumbo
3.625%

 

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.

E signature Banner

2425 Canyon Blvd. Suite 110 Boulder, CO 80302
T: 303.441.5685  C: 303.931.6979   F: 303.449.8554
richgribbon.com | Like us on Facebook View our profile on LinkedIn