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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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In the current climate of low supply, high demand and increasing values, many of you are asking: How high can values go?
In my 20 years of full-time real estate experience, I've concluded that the important thing to know about Boulder Valley is this: values almost never significantly decline. The right time to buy is always last year -- and if that didn't happen, right now.
Our market regularly sees prolonged "surges" (what we're experiencing now) sometimes followed by periods of flat appreciation (think 2008). A robust business environment and the outstanding lifestyle we enjoy beckons successful people, and thus, greater demand. I've just helped two business owners -- one from Silicon Valley and another from New York City -- relocate to Boulder, purchase homes, and re-establish their business base from here.
The big Colorado story right now may be pot shops, but don't be fooled. Our reputation is much more interesting and exciting to enterprising individuals. In his illuminating article How Boulder Became A Start Up Capital, Burt Helm wrote "Boulder is an entrepreneurial powerhouse like no other."
I don't see demand for Boulder Valley real estate curtailing anytime soon. Give me a call to discuss how to make our market work for you. As always, I appreciate your referrals.
Best, Rich 303.931.6979
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Area Real Estate Sales
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Median
Sales
Price
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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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636,750
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97.09
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76
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Louisville
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459,000
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99.20
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76
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Lafayette
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375,000
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99.52
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85
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Longmont
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262,900
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98.54
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78
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Gunbarrel
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459,000
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98.46
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71
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Niwot
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668,400
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94.31
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113
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Superior
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450,000
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99.45
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62
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Broomfield
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342,000
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98.46
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74
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Erie
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350,000
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98.38
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89
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Mountains
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378,000
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94.88
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160
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Condos/Townhomes
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Boulder
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265,000
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98.14
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87
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Louisville
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224,950
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100.7
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100
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Lafayette
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219,950
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99.65
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82
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Longmont
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185,950
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98.47
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75
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Gunbarrel
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175,200
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98.07
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59
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Superior
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201,000
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99.55
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59
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Source: Information Real Estate Services
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Athletic innovation: Paradox Sports
Entrepreneurs love Boulder and so do athletes of all abilities. Our recent series of articles on local organization Paradox Sports tells the amazing story of former armed services members and others who, despite lost limbs or other daunting physical challenges, are rock climbing at the highest levels. Check the series out here.
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Current Interest Rates
30 year fixed conforming 4.25%
5/1 ARM conforming 3.125%
7/1 ARM conforming 3.375%
30 year fixed jumbo 4.25%
5/1 ARM jumbo 3.0%
7/1 ARM jumbo 3.375%
Rates provided by
Calvin Cox at 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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