Q2 Market Update

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

Quick Market Update

Second quarter statistics show continued market strength. The median sales price is up 2.4% in Boulder County for single family homes and 8.1% for condos as compared to 2013 (also a big year). The biggest gains in single family homes were seen in the city of Boulder (up 7.2%), the Plains (up 7.9%), and Longmont (up 5.8%). For condos, the big winner is Louisville (up 12.1%).

Properties are selling quicker too. Single family homes are selling 11% faster and condos are selling 23% faster as compared to 2013. The number of active listings in Boulder County is down 6.6% for single family homes and 11.6% for condos compared with 2013. Overall, the number of sales has been steady in 2014; Boulder and Louisville single family homes being the exception due to lack of inventory.

It's clear that the current market is rewarding sellers who are reasonably priced and ready to go. Buyers can actually realize value too - - with the right approach. Give me a call if you are considering selling or buying. I can help you maximize your opportunities.

Area Real Estate Sales

For more sales statistics, go to richgribbon.com

		Median Sales Price	% of List Price	Average Days to Sale
Residential
	Boulder	643,000	97.24	80
	Louisville	450,000	99.55	71
	Lafayette	382,500	99.35	84
	Longmont	265,000	98.72	75
	Gunbarrel	465,000	98.09	80
	Niwot	697,000	94.91	114
	Superior	455,000	99.09	66
	Broomfield	337,500	98.98	77
	Erie	370,000	98.84	92
	Mountains	368,200	96.11	140
Condos/Townhomes
	Boulder	270,000	98.64	82
	Louisville	232,450	101.8	116
	Lafayette	233,000	99.96	88
	Longmont	187,000	99.01	71
	Gunbarrel	179,900	98.91	53
	Superior	205,000	99.56	49

Source: Information Real Estate Services

Strength in numbers
Recent media articles point out different aspects of Colorado's strength.
Substantial and quirky, they all add up to a stronger real estate market . . .

Leeds: State's economy shows promise after strong 1st half

Read what the University of Colorado's Leeds School of Business's midyear outlook said about the state's economy.

Colorado job growth ranked among top st

ates

These studies show that Colorado's job growth is among the best in the U.S.

Colorado's friendliness scores high with small biz owners

See how Colorado's small business environment compares with other states, and which city ranked No. 1 in the nation.

JULY 2014

Current Interest Rates

30 year fixed conforming 4.25%

5/1 ARM conforming 3.125%

7/1 ARM conforming 3.5%

30 year fixed jumbo 4.25%

5/1 ARM jumbo 3.125%

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.

Pure Momentum

Boulder's natural foods industry just got stronger with the arrival of Purely Elizabeth, maker of gluten free and 100% organic granolas, hot cereals and baking products. I was glad to help the company's founder relocate to Boulder in June. Check out the article on Bouldersource and be sure to try the company's great products. You can find them in Whole Foods and Target stores.

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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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