September 2009

Found 11 blog entries for September 2009.

Colorado Real Estate is on the rise.

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Until yesterday I have heard and read doubt about the market and how the market is sliding down hill (The reason for the picture of Callie and me), but this is not what the numbers are saying.  Using our RE/MAX Alliance Boulder, CO Real Estate office as a barometer of our market September may just be the turning point in the market. 

Two weeks ago I speculated that September 15th, the one anniversary of the fall of Lehman Brothers, is going to be the fulcrum point of the housing recovery.  Year over year sale are going to begin to rise and as a result positive news will begin to fuel buyer confidence.  The last two weeks have indicated maybe Cyndy did not slip something special in my coffee.  in 2007 we posted 77

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 Best Place's to Live, Best Place's to raise a family, first housing Market to recover the list goes on and on....

  

Boulder, CO has been very blessed over the last couple years with receiving recognition.  Here is a short list of what others are saying:

 

2009

"Strongest U.S. Housing Markets" (Boulder ranked #1) - Business Week, August 2009  

"The Best Cities to Raise an Outdoor Kid: The Winning 25" (Boulder ranked #1) - Backpacker magazine, August 2009

"Top 25 Arts Destinations" (Small city category; Boulder ranked #8) - American Style magazine, June 2009

"Best Places to Live- The 30 Coolest Neighborhoods in America" -Men's Journal, June 2009 

"America's Top 25 Towns to Live Well" (Boulder ranked #1) - Forbes.com, May 2009  

"Top Ten Best

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Yesterday we looked at absorption rates for Longmont, CO and Boulder, CO and what a difference 15 miles can make.  This morning just to give everyone a little more insight into the markets I am posting Superior, CO and Louisville, Co as well:

Superior's Month Supply of Inventory:

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Louisville's Month Supply of Inventory:

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Here are two markets that currently have three to four months of inventory and can truly be seen as Seller's Markets.  So we have a very interesting mix in Boulder County.  Boulder is a strong Buyer's Market, Longmont can be seen as a balanced market and Superior and Louisville are showing characteristic of being a strong Seller's market.  These three markets all exist within 25 square miles.

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Longmont, CO Absorption Rates:

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Today I pulled Longmont, Colorado's absorption rate and saw a great example of where real estate is truly local. 

Currently, Longmont has 5.5 months of inventory which is just starting to move into a market that is a Sellers market.  What is even more interesting is when we compare this to the 10 months of inventory available in August 2007.  When I compared the numbers for Boulder, CO, Nederland, CO, Lousiville, CO and Lafayette, CO the numbers were all very different and this is an are of only 25+/- square miles.  This is an excellent example of why Buyers should work with a knowlegeable Real Estate Broker, one who truly knows the markets in and around the area.  Reference below to see Boulder's very different

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This past week I had the honor to be a chaperone with my daughter's 5 th grade class for Horizon K through 8 class attending Outdoor Ed. What a wonderful opportunity to experience first hand the quality education our children receive from the teachers in the Boulder Valley School District. The children spent three days learning about the outdoors, but also learning about respect, friendship, leadership, and the power of putting others first.

100 Elk is located in beautiful Buena Vista Colorado and is your utopian vision of camp from your child hood. The facility is comprised of a Dining Hall meeting area surrounded by cabins with wall to wall bunks perfectly situated for nights of sleep interrupted every 10 minutes by sounds only 5 th grade boys can make

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1_640_022010 Prius included in sale if you close before November, 2009!

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This beautiful home located in the foothills of the Colorado Rockies, has expansive views of the continental divide. This home has been outfitted with the latest technology for green living, incorporating Geothermal heating and cooling, Passive solar and photovoltic off-grid systems, including Wind energy. Truly Net-Zero. A low carbon foot print community, continuing in the Caribou Pioneer Spirit.

Home Price: $1,800,000

Several Lots Available Starting at $240,000.

 

 

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September 2009 • Issue 15 CNBC Rates Colorado #3 in America’s Top States for Doing Business: read more here

ABC News Rates Boulder as a Top 10 Place to Sell a Home in the Nation:  Median Home Value: $ 318,900, up 2 percent from a year ago.  Property values are up 2 percent compared with five years ago.  61 percent of homes are increasing in value  85 percent of homes were sold for a gain.  read more here

America’s Strongest Housing Markets – Boulder #1: Working with data from Zillow.com, BusinessWeek came up with the strongest housing markets by ranking metro areas based on the share of single-family homes for which values rose in the second quarter, compared with the second quarter of 2008. In the top-ranked metro, Boulder, an affluent Denver city that

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O.k., This blogging thing is hard.  This morning I am staring at my screen trying think of something worthwhile to write about.  Finally it hits me.  My brother and his friends visited from California this weekend and kept saying Boulder, CO is amazing compared to where they live and they would love to move here someday.  Here is a recap of their weekend and maybe some insight to why.

Friday, they arrive after a quick commute from Denver International Airport on of the premier airports in Colorado and we head to the Pearl Street Mall at the RIO Grande, which is known to have some of the best Margaritas in the country, but we also had a choice of JAX Fish home of the 2008 Top Chef winner, Frasca one of the Top restaurants in the country, The

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The First Time Homebuyer Tax Credit has done a great job of helping to move our economy forward.  If you get a chance send the letter below to your congressperson to ensure this program is extended while it is still needed, 

As a constituent, I can assure you that the $8,000 first-time homebuyer tax credit has definitely been a success.  Homebuyer interest and housing sales increased almost as soon as the ink was dry on the tax credit legislation.  Today's lower prices and interest rates appeal to consumers, but it's been the tax credit that has attracted people to open houses and to homeownership.  

That progress could grind to a halt sooner than you think.  Congress must act NOW to extend the credit through 2010.  Otherwise, uncertainty will

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August/2009 

            Life is a composite of highs and lows.  There are the good times and there are the not so good times.  Real estate markets possess a similar personality.  When they are good, they have a tendency to flow naturally.  Homes sell in a reasonable amount of time and buyers are happy to be paying fair market value for what they are purchasing, with the hope (promise) of long term appreciation.  When real estate markets aren’t quite as good, they struggle along.  Sellers need to deal with declining home values and reduced buyer interest and activity.  This second scenario characterizes the Boulder Valley real estate market for the past few years.

            As an example, in 2006 there were 4,327 single family home sales in the Boulder

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