Flatirons

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Flatirons
YTD Market Review  

We are half way through 2015 and the Boulder County real estate market continues to amaze me. Last year, the median price of single family homes increased 3.6% and attached dwellings increased 6.3%. Median price increases so far this year have already far exceeded those numbers, and current market statistics read like a recipe for continued appreciation. Here are the numbers:
 
  • Inventory of single family homes for sale in Boulder County is down 22.2% from a year ago, with attached dwelling inventory down 33.6%.
  • The number of single family homes sold is up 9% from a year ago and the number of attached dwellings sold is up 8%.
  • The median price of single family homes is up 11.1% from a year ago and attached dwellings are up 13.8%
  • The 30-year fixed interest rate remains steady at 4% today compared to 4.125% a year ago.         
Low inventory coupled with low interest rates drive a competitive buying environment and more appreciation. All signs show this trend continuing.

As always, thank you for your business and feel free to call if I can help you, your friends or family members with their real estate needs.   
Area Real Estate Sales
 

 


Median
Sales  

Price

% of  

List Price

Average  

Days
to Sale

 

Residential

 

 

 

 

 

Boulder

725,000

98.18

  74       

 

 

Louisville 

506,945

99.52

  65

  

 

Lafayette

415,156

99.75

  89      

 

 

Longmont

292,500

99.35

  70        

 

 

Gunbarrel

514,500

98.40

  80        

 

 

Niwot

629,900

96.36  

 108


 

Superior

482,000

99.26

  69 

 


Broomfield

372,000

99.35

  75     


Erie

394,000

99.34

  81     

 

Mountains

395,450

96.85

 123

 

Condos/Townhomes

 

 

 

 

 

Boulder

300,000

99.32

 79     

 

 

Louisville

322,050

101.2

100

 

 

Lafayette

259,500

101.0

 875         

 

 

Longmont

203,500

100.1

 60         

 

 

Gunbarrel

192,000

100.6

 45       

 

 

Superior

237,500

100.3

 59

 








 Source:  Information Real Estate Services 

Outstanding non-profit in our midst
It's been great to share more about the work of There With Care, a 10-year-young non-profit in Boulder County, Denver and beyond that supports families with a child experiencing a critical illness. Learn about this high impact organization on BoulderSource.com, where we are featuring their good work all month long.  

JUNE 2015

Interest Rates

 

30 year fixed conforming 4.0%

 

5/1 ARM conforming 3.125%

 

7/1 ARM conforming 3.375%

 

30 year fixed jumbo 4.0%

 

5/1 ARM jumbo 3.125%

 

7/1 ARM jumbo 3.5%

  

Rates provided by
Calvin Cox at Commerce Mortgage at (303) 544-0600

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
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