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This chart shows appreciation of property in the City of Boulder from 1976 to 2017. Wondering about the value of your home? Give me a shout – Contact Janet!
Vice President of Programs and Inclusive Leadership at the Community Foundation Boulder County, Elvira Ramos, hosted DB Wilson from RE/MAX of Boulder and Marta Loachamin from Tradewind Real Estate to discuss what is happening in the county’s housing market and the ripple effects of the high cost living here.
This podcast will help us all understand the state of real estate in Boulder County!
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!
Prime UPPER CHAUTAUQUA location… You will absolutely love this quaint Craftsman bungalow located only a block from Chautauqua Park. This 3 bedroom, 2.1 bathroom home features an open floor plan with wood floors throughout and vaulted ceilings provide a beautiful and bright living space. Gourmet kitchen with 42 inch cherry cabs, stainless steel appliances, slab granite counter tops, large center island and eat in breakfast nook. Primarily main level living w/only a few steps up to the master. Storage on the lower level and a dog wash! VIEWS! An absolute must see! Priced at $1,495,000.
Get all the details at www.janetleap.com. Want to see this lovely home?
Call me at 720.938.4197 or email me!
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.”
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!
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
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!
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 more: Home Prices Are Soaring to New Highs
