February 2017

Found 5 blog entries for February 2017.

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,

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Our office experts predict this year’s Boulder Valley real estate will face the same persistent challenge that dominated last year – high demand and low inventory.

The combination creates a strong seller’s market and tough buying competition. “Fierce buying competition” characterized the first half of 2016, says the 2017 Boulder Valley Real Estate Report published annually by RE/MAX of Boulder. The fierceness was driven by one simple reason: demand far exceeded supply of available homes, townhomes and condominiums for sale in Boulder Valley.

The report cites a number of factors that stimulated market demand, including a large and steady in-migration of newcomers to Colorado – 96 percent of whom settled along the Front Range. The increase in new

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If you are looking for reasons to love living in Boulder even more, you don't have to look far. Over the past years, Boulder has garnered a growing list of top rankings on 'Best Of' lists. Now, in January alone, another five accolades rolled in. Boulder ranked among the 'best of' on five different lists of places to live, work and visit. Here's the breakdown:

 Source:  In order listed: Niche.com, American Institute for Economic Research, PenguinValue.com, Smartasset, Expedia

 

No. 1 – Best Colorado School District. Boulder Valley School District ranked top school district in Colorado for 2017, according to Niche.com. Rounding out the top five are Aspen School District, Cheyenne Mountain School District No. 12, located in the Southwest corner

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As predicted, the Federal Reserve raised interest rates in December, and conventional mortgage rates have increased from 3.625 percent on Nov. 4 to 4.375 percent as of the writing of this article (an increase of 0.75 percentage points). In 2017, economists predict a couple more interest-rate increases to the Fed funds rate, which will likely spur increases in conventional mortgage rates as well.

To a homebuyer in the Boulder Valley, what do these projected mortgage-rate increases actually mean? The effect may be bigger than you would think.

The 1 Percent = 10 Percent Rule

As a rule of thumb, for each 1 percent increase in mortgage rates, your buying power decreases about 10 percent. To understand the import of this, it is helpful to use a couple

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Saturday February 4th

11am-1pm: 4585 13th Street E, Boulder John Hatch

11:30am-1pm: 1485 Stoneham Street, Superior Andrew Muller 

12-3pm: 105 Fairfield Lane, Louisville Tammy Milano

1-3pm: 1705 Iris Avenue, Boulder Ty Hart 

 

Sunday February 5th

11am-1pm:  343 Dakota Blvd., Boulder Clove Berger

11am-1pm: 111 Utica Cir. Boulder Dale Pearson

12-3pm: 1127 Ridglea Way, Boulder Donna Voss

1-3pm: 3961 Broadway Street, Boulder Lancene Cadora 

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