Tagged : Boulder real estate
Found 14 blog entries tagged as "Boulder real estate".
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
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 year…
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 for…
Over the course of the past eighteen months the Boulder Valley real estate market can be characterized as one of demand exceeding supply. Spawned by low mortgage interest rates and improved economic conditions, the Boulder Valley real estate market has flourished. The direct result of that is an increase in home values. All geographic segments of the marketplace have benefitted, with the core area of Boulder and those outlying areas closest to Boulder showing the most improvement.
Below is a brief overview of the housing market in our area by locale for single family homes from IRES (the Northern Colorado MLS).
2012 (Thru June) 2013 (Thru June)
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.
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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…
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 the…
Planning on buying or selling a home this spring in Boulder County? If so, you might be concerned about rising sale prices and low inventory in this very competitive market. Although these things are cause for some concern, they are in fact helping to drive the local housing market and economy. By understanding things like absorption rate, you will be better able to effectively plan and budget for either the sale of your home, or the purchase of a new one. We all know that Boulder real estate is among some of the most highly sought after in the state, so it is to your advantage to become familiar with area statistics. Knowing these facts will give you a better chance of timing things accordingly. Here are the most recent real estate statistics for…
March 2013 is looking like its going to be a game of numbers for homeowners and about which buyer wants it more! With the high demand on for sale homes in Boulder’s local market, potential buyers in March will be faced with a seriously competitive market. In March it is expected that many buyers will try to beat the “rush” of spring by looking to contract early.
Of course the overall lack of inventory is not going to make things easier for buyers, but the good news is that homeowners will finally see numbers swing back around into their court. Although many of the homes that will be coming on to the market over the next year will increase in value, most of them will have still not reached the point of 2007’s values.
What this says to sellers,…