Broomfield, CO

Sales are up in Boulder, Broomfield and Denver Metro area:

When we look at the chart above we can see the majority of the strength is coming from sale up to $500,000.  The upper end is also beginning to show some strength with 20 sales over $900,000.  13 of those sales were in the city of Boulder.  

Broomfield is showing more strength than we have seen in some time with 7 properties selling for over $500,000.  

This is the third month in a row that sales have shown considerable improvement in Boulder County and the Denver Metro Area.  March and April Under Contracts have been very strong so I am expecting April and May solds to exceed what we are already seeing.  It will be interesting to see how this impacts the press.  

Since the news

4765 Capitol Ct, Broomfield CO

5 bedrooms PLUS office, 3 bathrooms, over 4,000 square feet

Impeccable home, cul-de-sac location, steps from schools and trails, 1/4 acre lot in the heart of Broomfield! This home is the epitome of move in ready with fresh neutral paint and carpet.  Grand entrance with soaring ceilings, open floor plan, new light fixtures, 2 fireplaces and expansive hardwood flooring.  Gourmet, open kitchen with granite countertops, under cabinet lighting, new appliances, and large island.   Main floor flex  bedroom /playroom/office adjacent to 3/4 bath with updated vanity, and new tile.  Upper level boasts 5 large bedrooms,  updated hall bath with new double sink vanity, glass tile and updated light  fixtures.  Expansive

Here is the latest economic update from our good friend Dan Johnson with RE/MAX Alliance in Louisville, CO.  Dan gives some insight into last year and a glimmer of hope for the year ahead.

January/2012

That light at the end of the tunnel may not be another train coming this way. For the Boulder County real estate market that light may be the end to the darkness the area real estate market has experienced since the end of 2005.

For the past three years sales activity has been approximately the same. In 2009 there were 3,665 single family/attached unit sales across Boulder County. In 2010 that number was 3,660 and in 2011 the number was 3,539.

When comparing 2010 to 2011, here are some

2480 Overlook Dr Broomfield, 80020

MLS #: 670197 Price: $199,000

4 Bed/4 Bath Total SqFt: 1980

Great 2 story home in Sunridge 2, Broomfield. Located on a fenced lot near parks and Boulder County open space. Open kitchen with hardwood floors. Finished basement with 4th bedroom, full bathroom, and family room. Central location close to HWY 36, I-25, Interlocken, Flatirons Mall and much more. Short Sale. Listing agent is an experienced with short sales. (Overnight notice required for showings)

Broomfield Colordo real estate

2480 Overlook Dr Broomfield, 80020

MLS #: 670197 Price: $209,995

4 Bed/4 Bath Total SqFt: 1980

Great 2 story home in Sunridge 2, Broomfield. Located on a fenced lot near parks and Boulder County open space. Open kitchen with hardwood floors. Finished basement with 4th bedroom, full bathroom, and family room. Central location close to HWY 36, I-25, Interlocken, Flatirons Mall and much more. Short Sale. Listing agent is an experienced with short sales. (Overnight notice required for showings)

Broomfield Colordo real estate

2480 Overlook Dr Broomfield, 80020

MLS #: 670197 Price: $210,000

4 Bed/4 Bath Total SqFt: 1980

Great 2 story home in Sunridge 2, Broomfield. Located on a fenced lot near parks and Boulder County open space. Open kitchen with hardwood floors. Finished basement with 4th bedroom, full bathroom, and family room. Central location close to HWY 36, I-25, Interlocken, Flatirons Mall and much more. Short Sale. Listing agent is an experienced with short sales. (24 hour notice required for showings)

Broomfield Colorado real estate

I just posted a blog with Boulder County Census information and figured I would do the same for Broomfield County. We find many of our buyers are looking for homes in the Broomfield area in great neighborhoods such as Anthem and Broadlands neighborhoods.

 Richard Wobbekind, one of my favorite economists, who is with the Colorado Leeds School of business, is predicting that Colorado will have slow steady growth in 2012.  We are not going to see robust growth, but we are going to see growth.  The construction industry which has seen a decline in employment over the last four years is poised to add 2,900 jobs next year.

Wobbekind does caution in the article in the Daily Camera, that if something drastic happens in Europe that throws our stock market into a tail spin all bets are off and we could have rough roads ahead. 

The current numbers and job growth are running parallel to what occurred during the 2001 downturn according to Wobbekind.  If we continue to follow the same growth path we should see

Tangled and twisted. Man-made circles in the air and lightening-speed jump roping. Did we mention ladders dropping down from the ceiling, and heart-thumping music? We’re talking about the one-of-a-kind Canadian entertainment company Cirque du Soleil. Next year from February 8-12 the group will be performing “Dralion” at Broomfield’s 1st Bank Center. The group currently performs over 20 draw-dropping shows worldwide including “Viva Elvis” in Las Vegas, “Zed” at Tokyo’s Disney Resort, and “La Nouba” in Disney World, Orlando. Don’t mistake this show for a peanut-throwing, elephant-aligned, clown-in-car Ringling Brother’s and Circus performance. This Cirque du Soleil show will keep you and your family awake, engaged and gasping

The Broomfield, Colorado Market is still a Buyers Market, but we are beginning to see some trending showing strengthening of the market.  When we reference the chart below:

we see we started the year with a market action index of 17.25 and dropped to 16.5 in March.  In the beginning of November the the Market Action Index increased to 18.25.  An index of 30 usually means a balanced market and anything over 30 indicates we are experiencing a Sellers market.

We are beginning to see an increase in Median Price per sq foot over the past year which is a trend we have not see for a few years in Broomfield.  The Median price per Square foot started the year at $132 and is currently just over $140, which is a 6% increase.  Some of this can be