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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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Market review and a few predictions
The real estate market in Boulder County was hot in 2014. The inventory of single family homes for sales in Boulder County is down 10.8% from 2013, with attached dwelling inventory down 13.5%. Demand outpaced supply again this year and the 30-year fixed interest rate decreased from 4.5% a year ago to 3.875% currently, a recipe for appreciation: the median price went up 3.9% for single family homes and 5.3% for attached dwellings.
All signs are that 2015 will look a lot like 2014 - low inventory coupled with low interest rates resulting in a competitive buying environment and more appreciation. I'm predicting a very active first quarter, based on pent-up demand and low inventory. The first quarter is traditionally the best time for sellers to be on the market and 2015 should be no exception. If you or anyone you know is considering selling or buying, I'm happy to help.
I hope you had a great 2014. Wishing you and your family a happy holiday season and prosperous New Year! As always, thank you for your business and friendship.
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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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680,000
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97.73
|
82
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Louisville
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490,000
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99.49
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68
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Lafayette
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409,529
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99.53
|
84
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Longmont
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275,000
|
98.80
|
72
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Gunbarrel
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462,500
|
97.85
|
88
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Niwot
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625,000
|
96.50
|
111
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Superior
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466,000
|
98.82
|
72
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Broomfield
|
351,700
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99.22
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79
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Erie
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380,000
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99.37
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90
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Mountains
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372,500
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96.55
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131
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Condos/Townhomes
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Boulder
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282,000
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98.91
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88
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Louisville
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275,000
|
102.8
|
114
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Lafayette
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235,000
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100.1
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80
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Longmont
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187,000
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99.05
|
64
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Gunbarrel
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180,000
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99.41
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49
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Superior
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212,000
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99.48
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57
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Source: Information Real Estate Services
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Holiday cocktails
Thanks to everyone who attended my holiday cocktail party at the Rio Grande. If you weren't able to attend I still would love to connect with you. Email or call me anytime to set up lunch or coffee.
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Interest Rates
30 year fixed conforming 3.875%
5/1 ARM conforming 3.125%
7/1 ARM conforming 3.25%
30 year fixed jumbo 3.875%
5/1 ARM jumbo 3.0%
7/1 ARM jumbo 3.25%
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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Winter Gear
This week our community web site BoulderSource.com has a nice round up of local places to get your winter gear this season. Check it out here.
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