All Blog Entries by Tom Kalinski Founder RE/MAX of Boulder

Found 244 blog entries published by Tom Kalinski Founder RE/MAX of Boulder.

October real estate statistics for the Boulder area showed solid gains in sales for the month, though inventory continues to be low, which shows that demand is there, according to Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association.

“We saw some pretty solid gains in sales, despite drops in inventory,” says Hotard.

Sales of single family homes in the Boulder area markets improved 11.4 percent in October compared to September 2017 with 390 homes sold compared to 350. And year-to-date performance is virtually unchanged, improving .16 percent year-to-date through October 2017 – 3,849 homes sold vs. 3,789 through October 2016.

The 126 condominiums and townhomes sold in October increased 13.5 percent

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The tenth annual Boulder Valley Real Estate Conference will offer a packed day on Wednesday, November 29, exploring trends and shifting market conditions for Boulder County commercial and residential real estate.

Organized by BizWest and RE/MAX of Boulder, the event will deliver an intensive schedule of national keynote speakers and panels made up of local real estate experts and development officials.

(left to right) RE/MAX of Boulder Realtor and Author Duane Duggan, BizWest Publisher/Editor Chris Wood, and RE/MAX of Boulder Broker/Owner Jay Kalinski in a video podcast discussing the Boulder Valley Real Estate Conference.

 

More than 500 real estate professionals and anyone interested in the local real estate market are expected to

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Boulder Valley is full-on into fall, accompanied by an end of summer slowdown in home sales through September.

"Sales in single-family and townhomes/ condominiums fell significantly in September,"says Ken Hotard, senior vice president of public affairs for the Boulder Area REALTOR® Association. “We saw a noticeable drop in sales month over month, while year over year is holding steady, bolstered by a healthy increase in townhome and condominium sales.”

Single-family home sales in September 2017 dropped 19.7 percent with 350 homes sold compared to 436 sold in August 2017. Condominium and townhome sales decreased 22.0 percent month-over-month in September 2017 – 111 units vs. 142.

Year-to-date, Boulder-area single-family home sales were

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Real estate statistics for the first eight months of 2017 from January to August reveal a marked shift compared to this time last year. And the changes are good, according to Statistician and Broker Associate for RE/MAX of Boulder, DB Wilson.


Photo by Bekir Dönmez on Unsplash

"It's still a seller's market, but we're starting to see a little more balance to that market," says Wilson, summarizing his analysis of 10 data points or “vital statistics” for Boulder County residential real estate.

Overall, Wilson says things are looking up for buyers, with inventory increasing and competition settling down. This gives buyers more choice and a relief from competing with 10-12 buyers on a property.

Perhaps most meaningful, year-to-date price

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Thirteen Colorado cities – including two in Boulder County – ranked among the Best Housing Markets in the U.S., according to WalletHub’s report released in August, 2017.

The report compares 300 small, mid-size and large U.S. cities across 21 key indicators of “Real Estate Market” – which ranked housing-market attractiveness and “Affordability and Economic Environment.” 

Each dimension was evaluated with weighted metrics, listed below, and then graded on a 100-point scale, with a score of 100 representing the healthiest. The cities were then rank-ordered.

Most of the metrics fall in the real estate market category.

Real estate market metrics are: home value forecast, median home-price appreciation, average days for selling, share of homes

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Thirteen Colorado cities – including two in Boulder County – ranked among the Best Housing Markets in the U.S., according to WalletHub’s report released in August, 2017.

The report compares 300 small, mid-size and large U.S. cities across 21 key indicators of “Real Estate Market” – which ranked housing-market attractiveness and “Affordability and Economic Environment.” 

Each dimension was evaluated with weighted metrics, listed below, and then graded on a 100-point scale, with a score of 100 representing the healthiest. The cities were then rank-ordered.

Most of the metrics fall in the real estate market category.

Real estate market metrics are: home value forecast, median home-price appreciation, average days for selling, share of homes

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Boulder-area housing sales in August saw single-family home sales dip while condo and townhome sales pushed upward.

Both markets share a common factor that is driving the rate of sales – and that factor is inventory.

"As the number of homes available for sale goes up or down, sales follow. It's a correlative pattern that has shown for some months now," says Ken Hotard, vice president of public affairs for the Boulder Area REALTOR® Association. 

"In attached homes in August, inventory was up, which supported the increase in sales," says Hotard.

Townhome and condominium sales improved 9.2 percent in August 2017 compared to July – selling 142 units vs. 130. Inventory also improved, rising 21.3 percent with 239 units available this month

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With the tight rental market in Boulder, instead of fully relaxing during the upcoming family weekend at CU-Boulder, many parents face signing a high-rent lease for their child's off-campus housing next year.

But it doesn’t have to be this way.

Parents can get smart about their child’s college housing and offset the cost of college with a ‘Kiddie Condo Loan,’ says Duane Duggan on the RE/MAX of Boulder podcast with his guest Jessica Shanahan, loan officer from Premier Lending.

What’s a ‘Kiddie Condo Loan’?

Basically, instead of paying rent, you help your child buy a home.

“It doesn’t have to be a condo, it can be any kind of primary residence,” says Shanahan.

“If your child is coming to CU-Boulder and you want to invest in this

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Thirteen Colorado cities – including two in Boulder County – ranked among the Best Housing Markets in the U.S., according to WalletHub’s report released in August, 2017.

The report compares 300 small, mid-size and large U.S. cities across 21 key indicators of “Real Estate Market” – which ranked housing-market attractiveness and “Affordability and Economic Environment.”

Each dimension was evaluated with weighted metrics, listed below, and then graded on a 100-point scale, with a score of 100 representing the healthiest. The cities were then rank-ordered.

Most of the metrics fall in the real estate market category.

Real estate market metrics are: home value forecast, median home-price appreciation, average days for selling, share of homes

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Boulder tops the nation for strong and stable price appreciation, according to SmartAsset’s annual analysis of best housing markets for growth and stability.

It’s no surprise that home appreciation is high in Boulder County. But as the local housing market continues to heat up, stable home prices are key factors for any home buyer – whether new to the market or trading up.   

For home buyers and owners in Boulder and two other locales, the news is positive. In fact, Boulder, along with the Texas metro of Austin-Round Rock, are Nos. 1 and 2 for the most stable housing markets in the county for the third year in a row.

Boulder claimed the highest average home appreciation of any metro area studied. Two factors cited by Smart Asset as making

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