The State of Boulder County Housing: Listen to the Podcast

 

Vice President of Programs and Inclusive Leadership at the Community Foundation Boulder County, Elvira Ramos, hosted DB Wilson from RE/MAX of Boulder and Marta Loachamin from Tradewind Real Estate to discuss what is happening in the county’s housing market and the ripple effects of the high cost living 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

Find Your Place Quickly With Re/Max of Boulder’s New App!

Check Out Re/Max of Boulder’s FREE New Home Search App. You can create a search area by just drawing on a map – you get to narrow in on your perfect place right away. It makes searching for property so easy! Give it a try. Let me know what you think…

Download the app here: app.boulderco.com/janetleap

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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

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

Coming Soon: 1847 Yarmouth Ave., Boulder

Coming Soon: 1847 Yarmouth Ave, Boulder!


Want to schedule a preview? Just let me know – Email Janet!

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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

2017 Boulder Valley Real Estate Outlook Report: Statistics, Trends and Outlook

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The 2017 Boulder Valley Real Estate Outlook Report Gives You The Inside Scoop!

Re/Max of Boulder is proud to present this in-depth breakdown provided by us and beneficial to all. Get the details on Boulder Valley statistics, trends and outlook.

Read, share, and download: http://bit.ly/2kHb3MZ

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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

Home Prices Are Soaring To New Heights!

Realtor.com just published research on expected housing prices for 2017. All across the country prices are going up – but Colorado is one of the biggest gains. Read the Realtor.com Article.

“REALTORS® expect modest price gains in home values over the next year. The median expected increase in home prices across the country is 3.5 percent, according to the REALTORS® Confidence Index January 2017 survey, based on the responses of more than 3,800 REALTORS® across the country.

REALTORS® are most bullish about rising home price expectations in Washington, Oregon, and Colorado. Real estate pros in those states believe they will see 4 to 5 percent increases in values over the next year. Meanwhile, oil-producing states like Alaska, North Dakota, and West Virginia had the lowest median expected price changes over the next year.

“Looking at the values over time in selected states, the median expected price change appears to be increasing again from what was expected in the middle of 2016, indicating that respondents expect demand to remain strong,” according to the report. “In more than half of states, expected price change exceeds the price growth that was expected at the end of January 2016, even as home prices continue to rise.” The map below shows REALTORS®’ median expected price change over the next 12 months by state level.”

Read moreHome Prices Are Soaring to New Highs

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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

2017 Boulder Valley Real Estate Outlook Report: Statistics, Trends and Outlook

screen-shot-2017-02-17-at-3-34-48-pm

The 2017 Boulder Valley Real Estate Outlook Report Gives You The Inside Scoop! Re/Max of Boulder is proud to present this in-depth breakdown provided by us and beneficial to all. Get the details on Boulder Valley statistics, trends and outlook.

Read, share, and download: http://bit.ly/2kHb3MZ

Screen Shot 2015-06-13 at 8.46.24 AM

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

Safety + Boulder = Excellent Match!

Safety + Boulder = Excellent Match! 

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The following is an reprint of an article by Tom Kalinski on the Remax of Boulder website. Full article here.

When it comes to where you call home, safety is one of the biggest concerns. Everyone wants to live in a safe town.  

So it’s welcome news to hear that two Colorado cities rank in the top 25 safest cities to live in America.

Fort Collins ranked No. 9 with Boulder following at No. 23, according to data analyzed by Niche, a company that researches and compiles information on cities and recently released their annual Safest Cities List.

To determine safety rankings, violent and property crimes per capita were analyzed. Crimes included in the violent crime statistic are assault, murder, robbery and rape. Property crimes included are burglary, larceny and vehicular theft.

The safest city in America for 2016 is Naperville, Illinois, according to the Niche ranking. Located in the Chicago metro area, Naperville touts an annual median household income of more than $100,000 and a low unemployment rate of 4.7 percent. The city has over 130 parks, two public golf courses and a Riverwalk.

Fort Collins and Boulder unemployment rates also are reported to be lower than the national average of 6.3 percent. Fort Collins unemployment rate is 5.3 percent, while Boulder is reported to be at 4.6 percent unemployment.

Median household incomes for the two Colorado cities are $53,755 and $58,062 respectively – about half that of Naperville’s.

For the past two decades, generally crime levels have been decreasing, according to Business Insider’s look at the Niche report. But some major U.S. cities have experienced increased violent crimes and Chicago is currently one of the most dangerous U.S. cities in 2016, notes Business Insider.

The nation’s safest state is California – home to 11 of the top 25 safest cities.

See the full Niche report at https://local.niche.com/rankings/cities/safest/. For the Business Insider story, visit http://www.businessinsider.com/the-safest-cities-to-live-in-america-2016-6/.

The following is an reprint of an article on the Remax of Boulder website. Full article here.

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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

Boulder Secures A Top Spot On Livability’s Top 100 Best Place To Live!

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Boulder is not new to being at the top of the list. This year Livability placed Boulder #5 on it’s Top 100 Best Places To Live list. This is what they said about Boulder:

“Known as one of the best cities for liberals, Boulder spoils its 100,300 residents with pristine natural surroundings, a strong farm-to-table restaurant scene, and dynamic arts and cultural attractions. Each season brings more things to do in Boulder. Many of the city’s highly active residents plan their days around hikes, rock climbing, mountain biking and fishing. Schools in Boulder rank high, which has helped the city appear on the Top 100 since 2014.”

Read the entire article here – http://www.livability.com/best-places/top-100-best-places-to-live/2016

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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