Boulder County Home Sales Level As Inventory Stays Short

Home Sales Level As Inventory Stays Short

Posted by RE/MAX of Boulder on Monday, February 27th, 2017 at 1:07pm.

January home sales confirmed expectations that local Boulder real estate sales would come out of the gate slowly in 2017.

Single-family home sales for Boulder, Colorado rose 1.9 percent in January – 218 units sold compared with 214 units sold in January 2016. Month-over-month, January 2017 sales dropped 2.6 percent compared to December’s 224 units sold.

In condominium/townhomes, 57 units sold in January, an 18.8 percent improvement compared with 48 units sold a year ago, but a 51.3 percent drop compared with the 117 units sold in December.

“The relatively slow start was expected. It’s just a fact that Boulder County home sales will continue to be influenced by low inventory and high demand in all market areas and categories,” explains Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association.

Inventory of single-family Boulder-area homes for sale declined 2.1 percent in January compared to December 2016 – 510 units vs. 521. Condominium and townhome inventory improved 23.9 percent in January compared to December – 114 units versus 92 units.

And the overall picture is more of the same: strong demand and low inventory, resulting in rising prices.

All but two Boulder-area communities saw median home sale prices increase in January. Median sales prices across the county ranged from $372,500 in Longmont to $820,000 in Boulder – down from $904,500 in January 2016.

Beyond that trend, Hotard says predictions in this market are difficult to make. “I don’t think anybody’s got a great crystal ball on this one. It’s an ongoing story of low inventory, high demand, which harkens back to the old television show jingle ’round and round she goes, where she stops nobody knows.”

Market conditions that influence real estate prices are strong in the Boulder Valley, explains Hotard.

“We’ve got a 2.2 percent unemployment rate, wages are going up, job growth continues to be strong, and we’re not building enough housing to meet demand – not even close.”

With those market conditions continuing month after month, he says the outcomes for the housing market are relatively inevitable; however the potential for rising mortgage interest rates could influence home prices.

On the bright side, though home prices have increased in all market areas – including Longmont where the median sales price rose more than 12 percent last year – Longmont still has affordable homes and has some projects yet to be built.

And if you want to sell your home – and you know where you are moving to – Hotard says you’re in a good position. “For sellers, this is a great time because you’ve got that high demand and low interest rates and prices are rising.”

Screen Shot 2015-06-13 at 8.46.24 AM

I LOVE what I do! I have been in the Real Estate Industry now for over 13 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI
RE/MAX of Boulder
720.938.4197
www.janetleap.com

Posted on May 2, 2017 at 5:44 pm
Janet Leap | Posted in 2017, Boulder, Real Estate | Tagged , ,

Want The Inside Scoop on Real Estate in Boulder Valley? We’ve got it right here!

screen-shot-2017-02-17-at-3-34-48-pm

The 2017 Boulder Valley Real Estate Outlook Report Gives You The Inside Scoop!

Re/Max of Boulder is proud to present this in-depth breakdown provided by us and beneficial to all. Get the details on Boulder Valley real estate statistics, trends and outlook. Still have questions? Give me a call. I always look forward to taking with clients about real estate!

Read, share, and download the report : http://bit.ly/2kHb3MZ

Screen Shot 2015-06-13 at 8.46.24 AM

I LOVE what I do! I have been in the Real Estate Industry now for over 13 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI
RE/MAX of Boulder
720.938.4197
www.janetleap.com

Posted on April 13, 2017 at 9:36 pm
Janet Leap | Posted in Real Estate | Tagged , , , , , , , ,

Taste of Pearl Is A Boulder Culinary Classic!

Taste of Pearl is just around the corner! Downtown Boulder’s Taste of Pearl showcases the talents of some of Colorado’s most renowned restaurants & chefs.  Now one of the state’s most prestigious culinary events, Taste of Pearl is celebrating its eighth anniversary pairing 15 Boulder restaurants with 15 Colorado wineries/distilleries.  The tastings will be hosted in 15 of downtown Boulder’s best boutiques and galleries. Tickets sell out for this annual event, so if you want to attend, get your tickets early!

This year Taste of Pearl is April 23, 2017, 2 – 6 p.m.

Buy tickets at Taste of Pearl 

Screen Shot 2015-06-13 at 8.46.24 AM

I LOVE what I do! I have been in the Real Estate Industry now for over 13 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI
RE/MAX of Boulder
720.938.4197

Posted on April 10, 2017 at 4:29 pm
Janet Leap | Posted in 2017, Boulder, Downtown Boulder, Food and Drink | Tagged , , , ,

Home Prices Are Soaring To New Heights!

Realtor.com just published research on expected housing prices for 2017. All across the country prices are going up – but Colorado is one of the biggest gains. Read the Realtor.com Article.

“REALTORS® expect modest price gains in home values over the next year. The median expected increase in home prices across the country is 3.5 percent, according to the REALTORS® Confidence Index January 2017 survey, based on the responses of more than 3,800 REALTORS® across the country.

REALTORS® are most bullish about rising home price expectations in Washington, Oregon, and Colorado. Real estate pros in those states believe they will see 4 to 5 percent increases in values over the next year. Meanwhile, oil-producing states like Alaska, North Dakota, and West Virginia had the lowest median expected price changes over the next year.

“Looking at the values over time in selected states, the median expected price change appears to be increasing again from what was expected in the middle of 2016, indicating that respondents expect demand to remain strong,” according to the report. “In more than half of states, expected price change exceeds the price growth that was expected at the end of January 2016, even as home prices continue to rise.” The map below shows REALTORS®’ median expected price change over the next 12 months by state level.”

Read moreHome Prices Are Soaring to New Highs


Posted on March 6, 2017 at 7:41 pm
Janet Leap | Posted in 2017, Real Estate | Tagged , ,

For the Love of Neighborhoods: You Can Apply for a City of Boulder Grant

screen-shot-2017-03-01-at-3-12-04-pm

Did you know that the City of Boulder has a Neighborhood Partnership Grant program? This is an inclusive community program where groups of residents can apply to receive funding for projects that will address specific area needs and create more sustainable neighborhoods. Projects can range from public art to neighborhood gatherings to community planning. All an applicant really needs to apply is a great idea and the support of the neighborhood in which the project is taking place.

The City of Boulder is accepting Neighborhood Enhancement Grant and Neighborhood Spark Grant applications. Applicants may be asked to attend a short information session with the grant committee for the purpose of sharing project details and answering questions. Process questions should be directed to neighborhoodservices@bouldercolorado.gov or 720-564-2111.

It’s an easy five-step process — apply today!

Want to see how others in the community have used the neighborhood grants? View past Neighborhood Partnership Grant recipients.

Screen Shot 2015-06-13 at 8.46.24 AM

I LOVE what I do! I have been in the Real Estate Industry now for over 13 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI
RE/MAX of Boulder
720.938.4197
www.janetleap.com

Posted on March 1, 2017 at 10:20 pm
Janet Leap | Posted in Boulder, City of Boulder | Tagged , , ,

Useful Home Staging Tips For Sellers

 

The Boulder County Real Estate Market is heating up! If you are selling a home then it is time to think about staging. Staging your house can make you money. Most Realtors agree that staging a home increases the value of offers, according to the National Association of REALTORS® “2015 Profile of Home Staging.”

Here is an article from Houselogic.com that gives sellers insight into how to stage each room in the home. It is well worth a read! Get the full scoop on DIY home staging at Sell Your Home For Top Dollar: Insider Home Staging Tips

Considering buying or selling a property? I am always available to consult on all real estate related questions. Email or call me!


Posted on February 28, 2017 at 7:54 pm
Janet Leap | Posted in DIY, Selling | Tagged , , , ,

Soaring Above Boulder

Boulder is an amazingly beautiful city! Take flight and soar over Boulder on a drone flight.

Click on the image to see Boulder is a whole new way…

Screen Shot 2016-09-08 at 9.19.18 AM

 

Screen Shot 2015-06-13 at 8.46.24 AMI LOVE what I do! I have been in the Real Estate Industry now for over 13 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI

RE/MAX of Boulder

Call me – 720.938.4197

Email me – Janetleap@boulderco.com

www.janetleap.com


Posted on September 8, 2016 at 3:22 pm
Janet Leap | Posted in Uncategorized | Tagged

Investors – What Renters Really Want!

Screen Shot 2016-06-20 at 4.17.49 PM

I love working with investors! If you have a rental, or are considering purchasing one, it is tempting to remodel your property and make it look perfect, but is that really what renters want? Take a look at this article: What Renters Really Want.

Have any questions? I'm always happy to help you make a punch sheet of projects to complete at your investment property that will have the best ROI.

Email Janet!


Posted on June 21, 2016 at 10:23 pm
Janet Leap | Posted in Uncategorized |

Check Out Rock and Rails on Thursday Nights Throughout the Summer!

Screen Shot 2016-06-16 at 12.59.52 PM

 

The Rock & Rails Summer Concert Series is Happening in Niwot! Head to Niwot, Colorado on Thursday nights throughout the summer to enjoy live music, food, and fun at Whistlestop Park. The fun is happening from 5 to 9pm throughout the summer!

More details – Niwot Rock & Rails Website.

Screen Shot 2015-06-13 at 8.46.24 AMI LOVE what I do! I have been in the Real Estate Industry now for over 11 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI

RE/MAX of Boulder

Call me – 720.938.4197

Email me – Janetleap@boulderco.com

www.janetleap.com


Posted on June 16, 2016 at 7:37 pm
Janet Leap | Posted in 2016, Events, Niwot |

Find An Awesome Happy Hour In Downtown Boulder!

Screen Shot 2016-05-06 at 11.11.25 AM

Happy, happy, happy hour! Looking for a great location for an early dinner, sharing drinks with friends, kid-friendly apps, or just want to get the scoop on the restaurant scene in Downtown Boulder, check out this list: Downtown Boulder Happy Hours.

 

Screen Shot 2015-06-13 at 8.46.24 AMI LOVE what I do! I have been in the Real Estate Industry now for over 11 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI

RE/MAX of Boulder

Call me – 720.938.4197

Email me – Janetleap@boulderco.com

www.janetleap.com


Posted on May 6, 2016 at 5:16 pm
Janet Leap | Posted in 2016, Downtown Boulder | Tagged , , ,