Boulder Colorado Real Estate Blog

In light of current news, many people believe the changes in the real estate market are not favorable.  However, there are several positive points to remember.  If the opportunity presents itself during the year, please do your part to spread the following great news!


Interest rates continue to be at historic lows
Houses are attractively priced and not expected to go lower
Inventory levels are plentiful and in some areas declining
Average homeowners net worth is 46 times the net worth of the average renter
First time homebuyers are coming out of the woodwork, which is a key indication of recovery.


"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful . . . if you wait for the robins, spring will be

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Check out the US NEWS report on Boulder.

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"Boulder is rare in staffing its own senior services solely from local resources. City employees not only run senior programs at two recreation centers, they take on individual cases, helping the sick navigate insurers, the infirm get transportation, and the lonely find friends. "The senior services are something you just don't see elsewhere," says Hope Thompson, 82. She should know, having lived for years in Florida."

https://www.youtube.com/watch?v=ag23I0aOoE4

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January/2009

The 2008 real estate market followed a similar pattern to the past few years with sales activity across the area experiencing a continuing decline.  In 2005, there were 4,725 single-family homes sold in the Boulder Valley area; in 2006 (4,389); in 2007 (4,076); and in 2008 (3,393).  Since 2005, that’s a reduction of nearly 40% in the number of sales.  During this same period of time, the number of new listings has dropped 22.84%.

For real estate markets to sustain themselves in a positive direction they need to churn.  They need to have a consistent influx of buyers and an on-going flow of available inventory.  When that happens, home values remain relatively constant or increase at a reasonable rate.  When the real estate market gets

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Over the holidays our family like many others gathered from all parts of the country to spend some time skiing in Steamboat.  We had a financial planner from California, a bond trader from Boston, a lawyer from Washington D.C. and two Realtors from Boulder, CO.  It was very interesting to hear the different spins on the economy and each person’s view for the year ahead.  As I listened it began to be very clear that each person’s perspective of the year moving forward was based on the year they had just experienced and that we interpret data through the glasses of the past.

 

One of Today’s top articles on Yahoo was "The Top 10 Worst Markets" and their predicted falls for 2009 based on the Standard Poor Case Schilling Home Price Index.  The article leads

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A friend of ours sent us a holiday greeting that I felt had to be shared. This a is a song written, played, and sung by their 14-year-old daughter Tilda Gross.

Enjoy: app.box.com/s/zti0a0mvjq

It's okay, it made me cry too!

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Yesterday C.U. Graduated 2,189 students into the workforce. 

"Chancellor Bud Peterson, during his address to graduates, told them their graduation during a time of economic uncertainty reminded him of his own graduation in the mid 1970s, during the oil crisis.

He told the graduates their investment in a CU education means they are well-prepared.

"You can have confidence that your degree will sustain you," he said.

He also praised the graduates for being the first class to have spent their entire undergraduate careers with the "Colorado Creed," a code of social responsibility developed by a group of students four years ago."

Year after year Boulder benefits because of the value CU brings to the community, from Sports events to the Shakespeare…
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I think the Boulder Council may have missed their Econ 101 class as we see them continue to increase the cost of development and housing in the city of Boulder.  Below is the result of the vote at last nights council meeting regarding modification to the height limits in Boulder from the "Daily Camera"

From the Daily Camera Dec 17, 2009

Boulder’s elected leaders next year will take another look at what kind of “community benefit” — such as affordable housing — developers should be required to include if they want to put up buildings taller than 35 feet.

Builders now are allowed to go up to 35 feet in much of Downtown Boulder. Building higher than that — up to the 55-foot limit set forth in the city’s charter — requires permission from the city’s

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I know it is going to be a good day when I open up my email and Steamboat is sending out emails that they just received 14" of new snow. I always laugh in Boulder, today it is negative 4 degrees, but only 4 days ago it was 54 and sunny and I was riding my mountain bike. So today we think about skiing and maybe taking advantage of steamboats, tomorrow it will be time to get back on the mountain bike and enjoy another sunny day.

Here is a typical weekend in Boulder:

1. Wake up and mosey over to Vics for a cup of Coffee.
2. Head to Callie's 4th grade girls YMCA Basketball game. Go Huskies!!!
3. Hop on the mountain bike for a ride from town up and over Poorman.
4. Get home in time to take the kids to the local theatre show of Narnia.
5. Meet some friends at

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As I look back to June and remember everyone sitting around the dinner table explaining how the good times where over and we would just have to learn to live with the new prices and that we needed to make major changes if we were going to survive.  Of course we were talking about Gas prices:

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Well times have changed and we now have the lowest fuel prices in 20 years when calculating in inflation.  Hopefully we learned our lesson with the higher prices and continue to seek out greener pastures.  We shall see:) 

Fuel prices are a great view into the markets as a whole.  if we went back six months ago the "experts" were all telling us we would never see oil below $100 again.  Guess what the talking head were wrong.  We will see the same happen in the

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The 2008 real estate market can most aptly be characterized as one of dynamic change. The future will be noticeably different than the past. In the past, home owners relied on real estate to build net worth over time through appreciation. In the future, real estate will be viewed as a means for creating equity through debt reduction i.e. paying off the mortgage(s). Double digit annual increases in home values won't be a part of the economic equation for a number of years (if ever again).

     Once the housing market digs itself out of this bank foreclosure/short sale scenario it currently wallows in, real estate buyers will still take a cautious look at what they are purchasing. The days of multiple offers, driven by lower mortgage interest rates, will

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