Flatirons

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Flatirons
Quick Market Update 
Multiple offers are still the norm as of late September for well-priced homes, especially those at or below median prices. Based on current activity, I don't see the market slowing down as we move into Fall.
      
A recent survey by the National Association of Realtors showed that buyers are most concerned about the lack of available houses, not the threat of rising interest rates. Another recent survey showed that rents in Boulder and the surrounding areas are increasing at the highest rates statewide. Zillow reports the breakeven horizon (the number of years a renter must live in a home before ownership becomes a better financial proposition ) is 2.7 years in Boulder and 1.4 - 2.4 years in the surrounding areas. See the full details here.

Based on these stats and with interest rates unchanged for now, it's no wonder the market remains hot with more buyers than sellers. It's a great time to be a seller. As rents continue to rise, buyers (homeowners and investors) should likewise act sooner than later. Don't hesitate to call me anytime to discuss how to make the market work for you.  
 
Area Real Estate Sales
For more sales statistics, go to richgribbon.com 
 
 

Median
Sales  
Price
% of  
List Price
Average  
Days
to Sale
 
Residential
 
 
 
 
 
Boulder
750,000
98.65
  69       
 
 
Louisville 
520,000
100.2
  61
  
 
Lafayette
417,834
100.0 
  80         
 
 
Longmont
302,250
99.99
  67      
 
 
Gunbarrel
557,500
99.55
  70      
 
 
Niwot
646,500
96.41  
 104

 
Superior
489,000
99.42
  65  
 

Broomfield
389,000
99.41
  72       

Erie
407,000
99.18
  81       
 
Mountains
419,050
97.02
 119
 
Condos/Townhomes
 
 
 
 
 
Boulder
310,000
100.1
 69      
 
 
Louisville
330,000
101.8
 96   
 
 
Lafayette
260,000
102.7
 89        
 
 
Longmont
215,000
100.7
 55       
 
 
Gunbarrel
205,000
102.2
 43          
 
 
Superior
268,900
100.5
 58
 







 Source:  Information Real Estate Services 
CU Athletics gets a first class upgrade
The spectacular renovation of CU-Boulder's Athletics facility is moving forward beautifully, and RE/MAX of Boulder recently got the grand tour . . .  read more

SEPTEMBER 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 3.375%
  
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.

 

2425 Canyon Blvd. Suite 110 | Boulder, CO  80302
T: 303.441.5685  C: 303.931.6979  F: 303.449.8554 
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