Boulder County Home Sales Level As Inventory Stays Short

Home Sales Level As Inventory Stays Short

Posted by RE/MAX of Boulder on Monday, February 27th, 2017 at 1:07pm.

January home sales confirmed expectations that local Boulder real estate sales would come out of the gate slowly in 2017.

Single-family home sales for Boulder, Colorado rose 1.9 percent in January – 218 units sold compared with 214 units sold in January 2016. Month-over-month, January 2017 sales dropped 2.6 percent compared to December’s 224 units sold.

In condominium/townhomes, 57 units sold in January, an 18.8 percent improvement compared with 48 units sold a year ago, but a 51.3 percent drop compared with the 117 units sold in December.

“The relatively slow start was expected. It’s just a fact that Boulder County home sales will continue to be influenced by low inventory and high demand in all market areas and categories,” explains Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association.

Inventory of single-family Boulder-area homes for sale declined 2.1 percent in January compared to December 2016 – 510 units vs. 521. Condominium and townhome inventory improved 23.9 percent in January compared to December – 114 units versus 92 units.

And the overall picture is more of the same: strong demand and low inventory, resulting in rising prices.

All but two Boulder-area communities saw median home sale prices increase in January. Median sales prices across the county ranged from $372,500 in Longmont to $820,000 in Boulder – down from $904,500 in January 2016.

Beyond that trend, Hotard says predictions in this market are difficult to make. “I don’t think anybody’s got a great crystal ball on this one. It’s an ongoing story of low inventory, high demand, which harkens back to the old television show jingle ’round and round she goes, where she stops nobody knows.”

Market conditions that influence real estate prices are strong in the Boulder Valley, explains Hotard.

“We’ve got a 2.2 percent unemployment rate, wages are going up, job growth continues to be strong, and we’re not building enough housing to meet demand – not even close.”

With those market conditions continuing month after month, he says the outcomes for the housing market are relatively inevitable; however the potential for rising mortgage interest rates could influence home prices.

On the bright side, though home prices have increased in all market areas – including Longmont where the median sales price rose more than 12 percent last year – Longmont still has affordable homes and has some projects yet to be built.

And if you want to sell your home – and you know where you are moving to – Hotard says you’re in a good position. “For sellers, this is a great time because you’ve got that high demand and low interest rates and prices are rising.”

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I LOVE what I do! I have been in the Real Estate Industry now for over 13 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI
RE/MAX of Boulder
720.938.4197

Are You Prepared For Natural Disasters? Resilient Together Can Help!

 

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City of Boulder and Boulder County single-family and mobile homeowners can sign up for a free program that includes an in-home assessment and cash rebates to help homeowners prepare for flood, fire and drought. Only 100 spots are available. Get details: www.ResilientTogether.org.

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I LOVE what I do! I have been in the Real Estate Industry now for over 13 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI
RE/MAX of Boulder
720.938.4197

 

Enjoy WinterSkate in Historic Downtown Louisville

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Looking for something fun to do tonight? Try skating at WinterSkate, the amazing old-fashioned ice skating rink in Louisville. WinterSkate is an outdoor ice skating rink complete with skate rental, concessions and traditional holiday music. Celebrating its twelfth year as the original outdoor ice skating rink in the community, WinterSkate presents the perfect opportunity to enjoy the winter season in a beautiful small-town setting. Enjoy free parking at 824 Front Street in Historic Downtown Louisville. For more information on WinterSkate click here.

Make a night of it! Combine skating with a stroll and dinner in Downtown Louisville. A list of restaurants in Louisville can be found here.

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I LOVE what I do! I have been in the Real Estate Industry now for over 13 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI
RE/MAX of Boulder
Call me – 720.938.4197

Yeah, Superior! Find Out Why This Small Town Was Ranked The #1 Suburb in Metro Denver

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Yeah, Superior! Find out why this small town was ranked #1 suburb in Metro Denver by Niche in 2016. Ready to make this small town your own? If you are considering a move to Superior in 2017 let’s talk!

Read the full article and rankings at Superior Ranked #1 Suburb in Metro Denver

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I LOVE what I do! I have been in the Real Estate Industry now for over 13 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI
RE/MAX of Boulder
Call me – 720.938.4197

2016 Year To Date Boulder County Housing Statistics

2016 Year To Date Boulder County Housing Statistics

Ready to sell or buy a home, attached dwelling or investment property? Let me help you!

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I LOVE what I do! I have been in the Real Estate Industry now for over 13 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI
RE/MAX of Boulder
720.938.4197

Boulder County Real Estate Still A Seller’s Market!

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Boulder County Real Estate Still A Seller’s Market!

If you’re thinking of selling your Boulder County property, indicators show this is a good time to do so.

The fact is home sellers in Boulder County are a rare species. Few home sellers, coupled with the lack of construction, mean available inventory is low, but is poised to rise on increased pricing in 2017. And that lack of inventory is driving the market, according to Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association.

Case in point: October’s condominium and townhome sales in Boulder County saw a 20.1 percent bump, with 139 units sold compared to 115 in September.That spike likely resulted from the inventory increase of late summer, according to Hotard.

Even so, he says overall there is little change in the Boulder-area market’s pattern of low inventory, increasing prices and decreasing sales.

  • October’s month-over-month available condo/townhome inventory fell 11 percent in October – 154 units versus last month’s 173.
  • Year-to-date attached dwellings sales fell 13.8 percent through October 2016 compared to the same period last year, with 1,196 units sold in 2,016 versus 1,388.
  •  Single-family homes month-over-month sales volume dropped a scant .2 percent in October compared to September 2016 – 341 versus 348 units.
  • Year-to-date single-family home sales in the Boulder-area markets dipped 11.4 percent through October 2016 – 3,756 homes sold – compared to the 4,239 sold in the same period last year.
  • Single-family inventory dipped 12.7 percent from October to September 2016 in Boulder County, with 821 units available for sale this month compared to 941 in September.

Looking ahead, Hotard expects the pattern to continue. “I’m confident that we’ll finish the year out and head into 2017 with the same trends. I would expect seller’s market conditions to continue at least through the first quarter.” Hotard adds that in this kind of market his best advice is to work with a knowledgeable Realtor, whether you are selling or buying. “It’s competitive, and in a competitive market it’s important to have the best advice you can get.”

Posted by DB Wilson on Monday, November 28th, 2016 at 9:13am.

Considering selling your home? I can help you determine how to maximize the potential from your property. Let’s talk! Email me

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I LOVE what I do! I have been in the Real Estate Industry now for over 13 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI
RE/MAX of Boulder
Call me – 720.938.4197

Get Ready. Get Set. Get To First Bite Boulder!


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First Bite is an annual event highlighting Boulder’s dining scene. For one full week, more than 50 of the area’s top restaurants will offer a special three course $29 prix-fixe dinner menu to the community.

screen-shot-2016-11-06-at-9-45-31-amThe week celebrates Boulder’s exceptional dining community and will help bring our well-deserved reputation into the national spotlight. We invite you to join us as we celebrate the establishments that make Boulder County the culinary destination it is. First Bite Boulder runs from November 11 through 19, 2016.

Insider Tip: Make early reservations because these restaurants fill up and sell out of the First Bite menus. For a list of restaurants and more information about First Bite Boulder go here.

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I LOVE what I do! I have been in the Real Estate Industry now for over 13 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI
RE/MAX of Boulder
Call me – 720.938.4197

Open Studios Tours This Weekend: Local Boulder Artists Are Opening Their Studios For You!

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A new report by the National Endowment for the Arts ranks Boulder third in the country for artists per capita, behind Santa Fe and Los Angeles. This is the perfect weekend to meet some of our amazing local artists in their studios!

Open Studios brings local artists’ work to life throughout Boulder County! Take a tour of local artists and get inspired, meet your artistic neighbors, or get something you need for your home or a present. Studio tours are October 8 & 9, from noon to 6pm.

Find out more information and get a map of artists’ locations at Open Studios Tours 2016

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I LOVE what I do! I have been in the Real Estate Industry now for over 7 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI
RE/MAX of Boulder
Call me – 720.938.4197

Open Studios Tours: Get inspired by local Boulder area artists in their studios!

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Open Studios brings local artists’ work to life throughout Boulder County! Take a tour of local artists and get inspired. The kick off event is a reception at the Canyons Gallery at the Boulder Public Library on September 30, 2016 from 6 to 8pm. Studio tours are October 1 & 2 AND October 8 & 9, from noon to 6pm.

Find out more information and get a map of artists’ locations at Open Studios Tours 2016

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I LOVE what I do! I have been in the Real Estate Industry now for over 7 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI
RE/MAX of Boulder
Call me – 720.938.4197

East Boulder Community Center Closed This Week for Annual Maintenance

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East Boulder Community Center Shutdown for Annual Maintenance
The East Boulder Community Center will be closed for its annual maintenance shutdown through Sunday, August 21st. Find out more detailed information at East Boulder Community Center

 

Future Closure: The North Boulder Recreation Center will be closed for its shutdown Mon., Aug. 22 through Sun., Aug. 28. Thanks for your patience as we deep clean and maintain the centers. Find out more detailed information at North Boulder Recreation Center

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I LOVE what I do! I have been in the Real Estate Industry now for over 11 years and am grateful to have found a career that I enjoy so much. I am highly organized and extremely efficient with a strong background in negotiations which always helps when in the middle of a tough transaction! I welcome all opportunities to work with you whether you are looking for your first home, looking to move to a larger home as your family grows, or looking to expand your portfolio and purchase an investment property. It is a great time for real estate in Boulder County! If you want to learn about what this market means to you and your family, just call or email. Contact me with all of your real estate needs! 

Janet Leap, GRI
RE/MAX of Boulder
Call me – 720.938.4197