Stay up to date with the latest Colorado market statistics and facts.
There are currently 62 blog entries related to this category.
Tuesday, November 5th, 2013 at 6:17am. 215 Views, 0 Comments.
In January of 2012, the real estate landscape across the Denver Metro, Northern Colorado, and Boulder Valley began to change. Like an enormous grizzly bear awakened from a six year slumber, real estate once again forged its way into the conscious awareness of home buyers and sellers. Words like scarcity and demand became part of the everyday jargon when people texted each other at work or mingled at a neighborhood party.
Fostered in 2012 my historic low mortgage interest rates, the real estate market shifted into high gear with the resale market and new home construction attempting to keep pace with pent-up demand. Multiple offers became somewhat of the norm and homes were going under contract before For Sale signs could be planted in yards. Some
Monday, October 21st, 2013 at 9:28am. 247 Views, 0 Comments.
Economics seem to rule the roost these days. As such, there always appears to be some degree of drama attached to them. Economics are the core issue when it comes to mortgage interest rates fluctuating up and down, the stock market typifying a roller coaster or the government shutting down because the political parties can’t agree on what to do.
Buying and selling real estate is an economic decision. If a seller decides to sell their home, what is the economic impact to them? What are the economic options left if they do sell? For a buyer, deciding what to buy is based to a great degree on their economic situation. How much can they afford? What is the economic bearing on their financial state?
The 2013 Boulder Valley housing market has been a…
Wednesday, September 11th, 2013 at 9:38pm. 285 Views, 0 Comments.
The first sign summer is fading is the days get shorter. The shadows deepen. The nights grow longer. The settling in begins. From a real estate perspective, buyer activity decreases. The number of properties for sale declines. The settling in has begun.
Thus far 2013 has been an active year for the Boulder Valley real estate market. Sales of single family homes and attached units for Boulder County are up 11.16% through August compared to through August/2012.
As buyer and seller activity has increased across the real estate landscape, single family home values have shown marked improvement. It’s the result of a simple economic principle – scarcity creates demand.…
Wednesday, September 11th, 2013 at 9:12pm. 207 Views, 0 Comments.
Sales continue to improve over last year. Single family home sales are up 8.99% through August over last year. Attached units up 19.24%. Combined market up 11.68%. Combined market up 7.43% compared to 2008. Down 6.35% compared to 2007. Inching up. Keep in mind the market is hot, but as a group you guys are hotter. Year to date as a team you are up 35% year over year.
Tuesday, August 13th, 2013 at 4:45pm. 273 Views, 0 Comments.
Lenders are fickle beings. They control the keys to the vault. When someone wants to get in (a borrower) they ask for everything but the person’s blood type for identification. In the good old days (around 2005) having a pulse was the only prerequisite to getting a loan. Times have changed, but so have mortgage interest rates.
Back in late 2005, when the real estate market started its free-fall, the traditional thirty-year fixed rate loan could be had for 5.89%. Between now and then the rate dropped to a low of 3.31% (November/2012). Today it resides at 4.40%.
The average price of a single family home across the Boulder Valley and Northern Colorado was $297,364 in 2005. Through June/2013 the average price this year is $317,587. Average price…
Tuesday, August 6th, 2013 at 4:30pm. 291 Views, 0 Comments.
Recent Boulder County real estate stats show the total number of single family home and attached home sales were up for July 2013 in comparison to the same time last year. In addition, the absorption rate has seemed to steady out a bit which shows that homes below $700,000 are in the highest demand! Considering the absorption rate is nearly identical for homes priced between $400,001 and $700,000, this would indicate a broad spectrum people are willing to pay the going rate for Boulder County Real Estate, which is great news for homeowners!
Monday, July 15th, 2013 at 4:54pm. 274 Views, 0 Comments.
Here are the latest real estate stats for June 2013 in Boulder County, Colorado!
Tuesday, June 11th, 2013 at 11:30pm. 394 Views, 0 Comments.
Boulder County Real Estate Statistics: May 2013
- Through May, 2013 sales continue to outpace 2012 sales by +11.07% (single family); +13.22% (attached units); +11.14% (combined).
- Through May, 2013 sales are comparable to 2008 sales by +5.36% (single family); -5.06% (attached units); +2.29% (combined).
- Available listings increased by 12% in May versus April.
- Homes priced between $1,500,000 and $2,500,000 showed the greatest improvement in lowering YTD Days on the Market.
BoulderHomeSource ...It's A Lifestyle
Monday, May 13th, 2013 at 3:56pm. 423 Views, 0 Comments.
Boulder County and the surrounding areas are seeing exactly what we predicted they would in home sales for the month of April, with decreased inventories and absorption rates, as well as increased sales prices. Since none of this really comes to a surprise for knowledgeable home buyers and sellers, I thought instead it might be worthwhile to talk about what we are seeing in the average and median sale price. First, lets go over exactly what the difference is between a median and average, and how they pertain to real estate.
The median and average sale prices you see so frequently referred to in real estate are two different comparisons from the same exact numbers. From elementary school math, you will remember that the average of a certain group of…
Friday, May 10th, 2013 at 9:38pm. 243 Views, 0 Comments.
A look at the current real estate market; provided by RE/MAX ALLIANCE
And the Beat Goes on. That’s a 1980 song from an American group called The Whispers. The song is about moving on from a lost love. In a different sense, the Boulder Valley, Metro Denver, and Northern Colorado real estate markets have moved on from a period of time when real estate values plummeted, bank foreclosures and short sales multiplied, and banks were draping Out-of-Business signs on their front windows courtesy of the Federal Reserve.
In the span of less than two years the Boulder Valley real estate market has shifted from a buyer’s market to a balanced market to a seller’s market. Driven by pent-up demand and affordable mortgage interest rates…