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First Quarter Outlook
  

I hope 2015 is off to a great start for you and your family. The Boulder County real estate market ended strong in 2014 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

683,000

97.75

  82    

 

 

Louisville 

490,000

99.59

  65

  

 

Lafayette

410,820

99.41

  84   

 

 

Longmont

276,300

98.86

  73       

 

 

Gunbarrel

485,000

97.74

  89        

 

 

Niwot

635,000

95.71   

 112 


 

Superior

467,750

98.82

  71

 


Broomfield

360,000

99.17

  80 


Erie

381,000

99.31

  89  

 

Mountains

376,500

96.52

 127

 

Condos/Townhomes

 

 

 

 

 

Boulder

285,000

98.66

 85      

 

 

Louisville

275,000

102.5

112

 

 

Lafayette

256,250

100.4

 91       

 

 

Longmont

190,000

99.19

 64       

 

 

Gunbarrel

180,500

99.38

 49       

 

 

Superior

213,100

99.34

 58

 








 Source:  Information Real Estate Services 

Get Organized
If your New Year's resolution is to get organized and you need some help, check out this article on the Boulder Source. It provides some great tips.
JANUARY 2015

Interest Rates

 

30 year fixed conforming 3.75%

 

5/1 ARM conforming 3.0%

 

7/1 ARM conforming 3.125%

 

30 year fixed jumbo 3.875%

 

5/1 ARM jumbo 3.0%

 

7/1 ARM jumbo 3.125%

  

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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