May 2018

Found 15 blog entries for May 2018.

 

Address (click on blue links
below for photos/description)

 

City (click on blue links below
for map)

 

Date                         

RE/MAX of
Boulder Realtors         

2730 Bristlecone Court

Lafayette

Sat 11 – 1

Linda Nehls

2530 6th St

Boulder

Sat 11 – 2

Digger Braymiller

5055 Ralston St D

Boulder

Sat 11 – 2

Digger Braymiller

280 Abbey Place

Boulder

Sun 11 – 2

Abel Team

1355 Northview Drive

Erie

Sun 12 – 2

Terry Larson

3182 Cimarron Place

Superior

Sun 1 – 4

Lynn Ryan

292 Views, 0 Comments

Spring selling season in Boulder County continues to surge with April’s residential sales keeping pace with last month’s rocketing sales as well as outperforming April last year.

“Demand remains strong and inventory tight, keeping upward pressure on pricing,” says Ken Hotard, senior vice president of public affairs for Boulder Area Realtor® Association.

The 345 single-family homes that sold in April 2018 topped March’s rising sales by one unit or .3 percent; and the 126 condominiums and townhomes sold in April represented an additional 4 sold or 3.3 percent over last month.

Year-over-year Boulder-area single-family home sales climbed 5.4 percent through April 2018 – 1,198 homes sold vs. 1,137 – and condo/townhomes sales increased 5.9 percent

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Today’s market is tough on first-time home buyers. Inventory of first-time buyer homes and condos had plunged to a record low, pushing prices higher in most markets. The number of first-time buyers is dropping. This is reflected in a January 2018 National Association of REALTORS article reporting that out of all existing-home sales nationally, the percentage of first-time home buyer sales is down from 33% to 29% from a year ago.[1]   

Now first-time buyers are facing another challenge. As the economy recovers, mortgage interest rates tend to rise, and this recovery is no exception. Interest rates, which have been at record lows since the end of the recession, have risen from an average of 3.86% a year ago to 4.78% today. On one hand it seems silly

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More highly skilled workers are moving to Denver than any other U.S. city, according to a new study by JLL Research.

The number of 25-year-olds and older with a bachelor’s degree or higher increased in Denver by 22.5 percent from 2012-2016, leading the nation’s growth rate for that demographic, reports JLL based on analysis of U.S. Census Bureau estimates.

Among cities ranked, Denver took No. 1 followed by Washington, D.C. at 19.9 percent; Philadelphia, 19.7 percent; Boston, 19.1 percent; Portland, 18.4 percent; and Fort Worth, 17.9 percent.

Here's a look at the top 10 cities for worker growth rate in that demographic:

Cities emerged as the residential location of choice, JLL Research says but “not all cities were created equal in

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Address (click on blue links for below for
photos/description)

 

City(click on blue links 
below for map)

 

Date                         

RE/MAX of
Boulder Realtors             

2528 Begonia Court

Loveland

Sat 11 – 1

Brad Clarkson

 

340 28th St

Boulder

Sat 1 – 3

Steve Altermatt

 

860 Aurora Ave

Boulder

Sat 1 – 4

Lisa Wade

 

1930 Tincup Court

Boulder

Sat 2-4, Sun 1-4

Kalinski Team

806 Hawthorn Ave

Boulder

Sun 12 – 2

Jared Schaffer

385 Erie Drive

Boulder

Sun 1 – 3

217 Views, 0 Comments

As home values continue to rise in Colorado, it's clear that home sellers are benefitting, with four state metro’s making the top 15 of 24/7 Wall St.’s list of cities where people made the most money on home sales.

Boulder ranked No. 8 on the list with Denver, Fort Collins, and Greeley coming in seventh, eleventh and fifteenth, respectively.

According to 24/7 Wall St., Boulder’s average home price gain since last purchase is 56.4 percent or $176,750, compared with Denver’s slightly higher 56.6 percent which translates to $133,700; Fort Collins’ gain of 54.6 percent or $121,850 and Greeley’s 52.6 percent or $107,748.

Top-ranked California metro San Jose-Sunnyvale-Santa Clara had an average home price gain of 77 percent or$415,500.

Metro

251 Views, 0 Comments

This two-part series of articles describes the variety of reasons why housing inventory is very low in Boulder County. 

Legalized Marijuana and Craft Beer

Part and parcel of very low unemployment rates and competitive job recruiting in Colorado as indicated in Part 1 of this article, are the thriving legal cannabis and craft beer industries that have added an extra boost to our economy. With the boom in grow rooms, dispensaries, and brew pubs, the surge in jobs in these thriving sectors are attracting employees not only in state, but also out of state. In addition, we hear stories from Realtors and mortgage lenders about transplants who have moved to Colorado specifically for our marijuana laws. The more people choosing to move here, the more

508 Views, 0 Comments

Pricing and prepping your home to sell at the highest price requires strategy, even in a red hot market like Boulder County.

The best strategy is the one that suits your personal needs and local market conditions. For those reasons, your Realtor is the most reliable advisor for pricing your home. Your Realtor also can offer insights on improvements that will boost your home's appeal and value.

If you’re just beginning to consider selling, take a look at these pricing and prepping strategies reported by Realty Times. Depending on your local market, your Realtor may recommend these approaches to selling your home.   

Price Just Under a Price Break

For a home valued at $600,000, list at $599,000 to increase the number of searches your home

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Address (click on blue links for below for photos/description)

 

City(click on blue links for below for map)

 

Date

RE/MAX of Boulder Realtor

 

3575 28th St #103

Boulder

Sat 11 – 1

Kalinski Team

6249 Nottinghill Gate

Boulder

Sat 11 – 1

Eric & Alex Jacobson

307 Beacon Hill Drive

Lafayette

Sat & Sun 11 – 1

Terri Cox

9726 Jellison St

Westminster

Sat 1 -3, Sun 11 -1

Linda Nehls

3182 Cimarron Place

Superior

Sat 11 -1, Sun 2 – 4

Lynn Ryan

860 Aurora Ave

Boulder

238 Views, 0 Comments

In the first quarter of 2018, there was a record low number of homes available to buy. In fact, as of May 7, 2018 there were only a total of 13 single-family homes shown as available in the IRES Multiple Listing Service (MLS) under $600,000 across Boulder, Louisville, and Lafayette. When buyers are out searching for houses, their most common question is, “Why is there such a shortage of homes?” 

Thinking back to just a few short years ago during the great recession of 2007 to 2012, I used to produce “unsuccessful seller” studies for subdivisions. In some subdivisions, as much as 50- to 60- percent of the homes that were available did not sell. Whereas today in Boulder County, an expired listing -- especially below the $1 million price range -- is

506 Views, 0 Comments