The Fix & Flip is Back

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

With the real estate market remaining hot, the Fix & Flip is once again popular. Buyers who are not interested in taking on a remodel are very happy to buy a home that is already done. Since interest rates are remaining low, many Buyers can afford to pay more for a remodeled home without their monthly mortgage payment going through the roof. This is a Win-Win for everyone involved. The only problem is the lack of inventory. There simply aren't enough homes on the market to satisfy the demand. This is a great opportunity for sellers who do not want to remodel their home in order to get it sold. If you or anyone you know has been dragging their feet on selling because preparing their property for the market is daunting, please give me a call. I have buyers just waiting for a Fix & Flip opportunity. As always, I'm happy to answer any of your questions and help out one of your friends or family members.

I hope you are enjoying the summer and have a great 4th of July!

Area Real Estate Sales

For more sales statistics, go to richgribbon.com

		Median Sales Price	% of List Price	Average Days to Sale
Residential
	Boulder	630,000	97.30	80
	Louisville	450,000	99.61	74
	Lafayette	369,750	99.32	83
	Longmont	262,000	98.63	77
	Gunbarrel	470,000	98.24	75
	Niwot	723,750	94.48	117
	Superior	451,000	99.16	69
	Broomfield	331,777	98.67	77
	Erie	366,395	98.70	89
	Mountains	370,000	96.15	142
Condos/Townhomes
	Boulder	261,500	98.41	83
	Louisville	226,500	101.8	107
	Lafayette	227,500	99.89	90
	Longmont	188,500	98.93	76
	Gunbarrel	176,000	98.73	56
	Superior	205,000	99.49	51

Source: Information Real Estate Services

Come run, come all

Here's one you may not know about but should: Boulder Road Runners All-Comers Track Meet Series. The every-other-week classic track meets continue through the summer. For more information including dates and times, click here.

JUNE 2014

Current Interest Rates

30 year fixed conforming 4.25%

5/1 ARM conforming 3.0%

7/1 ARM conforming 3.5%

30 year fixed jumbo 4.0%

5/1 ARM jumbo 3.0%

7/1 ARM jumbo 3.375%

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.

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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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