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

I hope 2014 is off to a great start for you and your family.
Here are a few quick thoughts on the market:

The outlook from here

The Boulder County real estate market ended strong in 2013 and all signs point to this year's market looking a lot like last year's: low inventory coupled with low interest rates resulting in a competitive buying environment and more appreciation.

Even though the market will be competitive for buyers, excellent conditions persist and it's worth your while to take advantage of them - either by making a move or investing. Interest rates continue to be historically low, so now is a good time to buy or refinance. Also, low inventory conditions will continue for the foreseeable future and may just be the "new normal." So waiting to buy may only result in a higher price down the road.

For sellers, getting on the market now -- instead of waiting for the traditional spring selling rush -- will likely net a better price. The ratio of listings to buyers is lower in the first quarter, and this generally results in a higher sense of urgency for buyers and thus a better environment for sellers.

Successful deals in this market take time, knowledge, patience and persistence. This is the kind of real estate I've been practicing my entire career. I've never hurried anyone into a deal or pushed a sale that didn't make sense. If you or any of your family or friends want a trusted adviser who will always keep your best interests at the forefront, please give me a call. As always, I appreciate your referrals. - Rich

Area real estate sales

For more sales statistics, go to richgribbon.com

		Median Sales Price	% of List Price	Average Days to Sale
Residential
	Boulder	632,500	96.97	78
	Louisville	453,800	99.13	77
	Lafayette	377,900	99.34	89
	Longmont	260,000	98.39	83
	Gunbarrel	461,250	98.10	73
	Niwot	652,800	94.60	112
	Superior	440,500	99.38	70
	Broomfield	348,250	98.29	75
	Erie	347,750	97.83	86
	Mountains	373,500	95.50	163
Condos/Townhomes
	Boulder	265,000	98.07	90
	Louisville	224,950	100.5	94
	Lafayette	214,250	99.41	87
	Longmont	185,000	98.54	88
	Gunbarrel	170,500	97.27	72
	Superior	194,250	99.47	67

Source: Information Real Estate Services

Real estate IRA workshop

Join Re/Max of Boulder and New Direction IRA for an interactive workshop on Self- Directed IRAs and purchasing real estate with your retirement plan. Bill Humphrey and Catherine Wynne of New Direction IRA will give an informative presentation, followed by a question and answer session. Come learn how you can grow your retirement funds by investing in real estate! Details below. Please let me know if you plan to attend.

Thursday, Feb 20 | 5:30 - 7 p.m.

RE/MAX of Boulder 2425 Canyon Blvd

Sweet Cow ice cream now open in Boulder!

My kids and I are thrilled that Sweet Cow opened in Boulder at 2632 Broadway (next to Moe's Bagels) last Friday. You probably are too! We covered the shop's Boulder debut last fall on The Boulder Source (when the target open date was November.) Read the story here. So excited to welcome this great business to Boulder!

JANUARY 2014

Current Interest Rates

30 year fixed conforming 4.5%

5/1 ARM conforming 3.125%

7/1 ARM conforming 3.625%

30 year fixed jumbo 4.625%

5/1 ARM jumbo 3.0%

7/1 ARM jumbo 3.5%

Rates provided by
Calvin Cox at 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.

Personal real estate review

Now is an opportune time to review your real estate portfolio and set goals, both short term and long term. I can help.

I'd be happy to prepare an analysis of your real estate holdings and talk through beneficial scenarios.

It might be time to make a move, venture into income property, buy real estate with your IRA or diversify other investments into real estate.

Call me any time to get started.

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2425 Canyon Blvd. Suite 110 � Boulder, CO 80302
T: 303.441.5685 C: 303.931.6979 F: 303.449.8554
richgribbon.com |