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Ron Rovtar's Blog

By Ron Rovtar | Agent in Boulder, CO
  • Real Estate 4 Geniuses . . .

    Posted Under: Home Buying in Colorado, Home Selling in Colorado, Home Ownership in Colorado  |  September 3, 2014 12:46 PM  |  52 views  |  No comments
    Ever download a new article about an important real estate topic and find it's just another rehash of what you've already read umpteen times before?

    Happens all the time! And it is frustrating!

    So, if you seek new ideas and perspectives, you might want to "like" my very new Real Estate 4 Geniuses facebook page.

    We added this page to foster a higher level of conversation about homes.

    Whether you are a homeowner, a real estate agent, a buyer or a seller; this page will help you find the information, opinion and discussion that really makes a difference

    We look forward to seeing you there!

    ––––––––––––––
    Ron Rovtar, dba Front Range Real Estate, Ltd., is a broker associate in Boulder, CO. Please call Ron with all your questions. He can be reached at 303.981.1617.  To learn more about Ron, please visit his website. For more about life in Boulder County and nearby, check out our facebook page.

    #realestate
    #houses
    #homes
  • What a Difference a Year Makes . . .

    Posted Under: General Area in Boulder, Quality of Life in Boulder  |  August 28, 2014 8:18 PM  |  89 views  |  1 comment



    We couldn't resist stopping for photos of these wild sunflowers along Linden Ave. near Wonderland Hill Ave. in Boulder. Thousands of blooms populate the area that required much reconstruction after  September 2013 floods caused enormous devastation. (Photo © Ron Rovtar. All Rights Reserved.)




    Ron Rovtar, dba Front Range Real Estate, Ltd., is a broker associate at Berkshire Hathaway HomeServices/Real Estate of the Rockies in Boulder, CO. Please call Ron with all your questions. He can be reached at 303.981.1617.  To learn more about Ron, please visit his website. For more about life in Boulder County and nearby, check out our facebook page.

    #Boulder  #Sunflowers  #Boulderflood
  • New Boulder Area Apartments Reaching the Market . . .

    Posted Under: Market Conditions in Boulder, For Rent in Boulder, Rentals in Boulder  |  August 17, 2014 12:22 PM  |  203 views  |  2 comments
    With apartment vacancy rates running extremely low in the Boulder area, it is refreshing to know that several new complexes have come on line (or will be, coming on line soon), providing some relief for frustrated apartment-seekers.

    The Apartment Association of Metro Denver recently reported that the vacancy rate in the Boulder/Broomfield area was 3.6 percent during the second quarter of this year, down 0.3 percent from the first quarter.

    Not surprisingly, the average monthy rent rose to $1,091.12, an all-time high for the area and a jump of 7.4 percent year-over-year.

    So, if you're looking for an apartment in the Boulder area there is a good chance you are having trouble finding exactly what you seek. Here is some information that may help:

    Under construction:Apartment construction in Boulder CO

    Work at Violet on Broadway has been moving along, but the 98-apartment North Boulder development will clearly open later than originally planned. June was the target.  Still, there was a lot of construction activity at the site late last week. These will all be 1-2 bedroom units. We have yet to see a website for Violet on Broadway, but the phone number is 303.220.2520.

    The Boulder View Apartments and Apex 5510, both in Gunbarrel north of the main part of Boulder, are under construction and pre-leasing. Coming soon in Gunbarrel will be Gunbarrel Center with 251 apartments. The last we heard the first apartments will likely be completed in spring of 2015.

    Recently completed construction:

    The Peloton on Arapahoe near 29th St. mall, and Two Nine North, on 30th St. near the same mall, are new developments that have vacancies as of this writing.

    Additionally, there are new units being offered at Solana, 3100 Pearl, just east of 30th St. This is in Boulder's new Transit Village area. Currently offered are Studios, one bedroom and two bedroom units.

    Other possibilities:

    If something a little south of Boulder appeals, you might check out  Horizon at Rock Creek in the town of Superior near Flatiron Crossing Mall. This is a larger development with studios, one, two and three bedroom apartments, and town homes-style apartments.

    On the East side of Rt. 36 in Broomfield, also near Flatiron Crossing, is Terracina apartments. These are one and two bedroom apartments.


    Find it yourself:

    The developments above do not comprise and exhaustive list. There certainly are a number of other developments and there are many units owned and rented by investors. The websites below seem to be the most up-to-date about rental listings. 

    Trulia

    Craigslist

    Hotpads

    Google

    The Denver Post

    Padmapper.com.

    Realtor.com

    If (and only if) you are associated with the University of Colorado, you may want to start your search at Ralphies List.

    Just to cover all bases, if you seek a vacation rental you might want to check out VRBO, which stands for "Vacation Rentals by Owner."

    Finally, don't necessarily rule out ownership.  If you are worried because you do not have a full down payment or because your credit score is lower than you would like, you may still have options. It just takes a good Realtor/lender team.   Call me at 303.981.1617, or email me through the contact page on my website below for more information.



    Ron Rovtar, dba Front Range Real Estate, Ltd., is a broker associate at Berkshire Hathaway HomeServices/Real Estate of the Rockies in Boulder, CO. Please call Ron with all your questions. He can be reached at 303.981.1617.  To learn more about Ron, please visit his website. For more about life in Boulder County and nearby, check out our facebook page.


    Tags:
    Boulder, Boulder County, Colorado, rent, rentals, new construction, real estate, Realtor

  • Boulder Remains Relocation Magnet . . .

    Posted Under: Home Buying in Boulder, Home Selling in Boulder, Moving in Boulder  |  July 29, 2014 3:45 PM  |  302 views  |  No comments
    Sometimes examining long-term trends in a particular real estate market helps us make better sense of what is happening now.

    And since we've been quite confused by recent price trends in Boulder, CO, we decided to do exactly that.

    Like many areas across the U.S., Boulder is experiencing a seller's market so intense that buyers often bid listings up well above asking prices. This process started last year and has accelerated since. 

    Sometimes the lengths to which buyers will go seem downright irrational.

    Recently we learned an offer $15,000 over asking price would be rejected. We were gently informed that the offer was in fourth place.

    To achieve a better perspective we looked at annual average and median sales in the Boulder City house market between 2002 until 2013. The figures from the Boulder Area Realtor Association exclude attached dwellings like condos and townhouses.

    In 2002, an average Boulder house sold for $483,000. By 2013 the average had jumped to $757,000. Median prices rose from $405,000 to $631,000 over the same period.



    As you can see, Boulder had a substantial run-up in average and median prices between 2002 and 2007.

    Prices then cratered just a little between 2007 and 2012, but held up quite well when compared to other areas around the U.S.

    Interestingly, if you draw a line between 2002 and 2013 you find that there are an equal number of bars below and above the line, which suggests 2013 was roughly on the longer trend.

    As for this year, we do have numbers for the second quarter which show an average selling price of $829,000 for the quarter and a median of $695,000. But it is hard to compare figures from one quarter to numbers for full years.

    Still, considering what we've seen so far this year, we would say there is a good chance 2014 will rise above the line we just drew, so there may be some leveling off in 2015 or 2016, or even a modest pullback.

    But we do not expect a severe pullback if the economy continues to improve, if even slowly.

    Boulder is very landlocked becaue city government shows little inclination to annex additional area for development.

    And there is insufficient land available for additional residential development within the current municipal boundaries.

    Everything suggests a slow expansion in Boulder's supply of housing.

    Yet Boulder remains a magnet for people who relocate to Colorado.

    With a major University, U.S. Government scientific facilities, a robust entrapreneural spirit,  beautiful Flatirons views, abundant green space, great shopping  and proximity to outdoor "adventure" opportunities, it seems unlikely Boulder will fall out of favor anytime soon.

    Which tells us that house prices will continue to rise for at least the near term and probably longer.



    Ron Rovtar, dba Front Range Real Estate, Ltd., is a broker associate at Berkshire Hathaway HomeServices/Real Estate of the Rockies in Boulder, CO. Please call Ron with all your questions. He can be reached at 303.981.1617.  To learn more about Ron, please visit his website. For more about life in Boulder County and nearby, check out our facebook page.


    Tags:
    Boulder, Boulder County, Colorado, houses, home, prices, trends, real estate, realtor,
  • What's Wrong with My Real Estate Agent . . . ?

    Posted Under: Home Buying in Boulder County, Home Selling in Boulder County, Home Ownership in Boulder County  |  July 19, 2014 1:02 PM  |  399 views  |  4 comments
    Home sellers frequently feel less than generous sentiments about their real estate agents after transactions.

    But often, clients keep their concerns to themselves. For a variety of reasons silence may just seem easier than confronting an agnet.

    We were reminded of this as we read an article on Inman News real estate website. The article closely examines comments of six home sellers who recently participated in a San Francisco panel.

    The comments were not terribly flattering for agents.

    This was, of course, a very small group. Statistically nothing meaningful emerges from a sample this small.

    But the feedback tracks roughly what larger studies have found. And the comments gave real voices to the numbers we have studied, providing much anecdotal food for thought.

    Studies show clients often score agents especially low, for customer service and communication skills.

    "None (of the sellers) said their agent had made them feel like they were part of a team in selling their house," noted the Inman article by Associate Editor Andrea V. Brambila.

    "Two of the 6 said they felt good about the industry after the selling process," the article noted.

    Just two? Does this bother you? It certainly bothers us!

    It also concerns us that this may become a very big problem for the traditional real estate industry very soon.

    If our industry impresses clients this little, then some of the newer web-based solutions for buying and selling homes may start to look very appealing to clients.

    And where will this leave our industry?

    Please use the comments section to tell us about your good, bad or mediocre  experiences in buying or selling real estate.



    Ron Rovtar, dba Front Range Real Estate, Ltd., is a broker associate at Berkshire Hathaway HomeServices/Real Estate of the Rockies in Boulder, CO. Please call Ron with all your questions. He can be reached at 303.981.1617.  To learn more about Ron, please visit his website. For more about life in Boulder County and nearby, check out our facebook page.

    Photo © Ron Rovtar

    Tags:
    Boulder, Boulder County, Colorado, news, real estate, real estate agent, realtor, customer service
  • Time to Check Your Home Insurance Again . . .

    We now are entering the time of year when disasters seem most likely in Boulder County.

    Consider the 2010 Fourmile Fire and the unexpected storm last year. Both started in September, which is just a month-and-a-half away.

    So this might be a good time to make sure your home is insured for its REPLACEMENT cost, not market value.

    It's important to remember the foothills often play a part in these disasters. And many Boulder County neighborhoods start where the foothills end.

    But even areas away from the mountains are affected by floods, and grass fires can spread across flat areas very quickly.

    So you might want to review this blog post. It hardly is new, but remains very current. Take a look!

    It offers good advice about making sure your structure is properly insured, ensuring your home's contents have adequate protection and taking care that you have the proper documentation stored off-site.

    Too many homeowers found themselves under-insured after recent tragedies.



    Ron Rovtar, dba Front Range Real Estate, Ltd., is a broker associate at Berkshire Hathaway HomeServices/Real Estate of the Rockies in Boulder, CO. Please call Ron with all your questions. He can be reached at 303.981.1617.  To learn more about Ron, please visit his website. For more about life in Boulder County and nearby, check out our facebook page.



    Tags: Insurance, Home Insurance, disaster, tragedy, fourmile fire,
    Boulder, Boulder County, Colorado, news
  • Boulder's Newest Neighborhood . . .

    Posted Under: Home Buying in Boulder, In My Neighborhood in Boulder  |  July 10, 2014 8:10 PM  |  408 views  |  1 comment
    Executives from Koelbel Urban Homes said this afternoon that construction of Boulder's newest community will begin this fall, with the first of 31 homes hopefully completed in March of 2015.

    Koelbel Senior Vice President Peter Benson and Vice President Carl Koelbel introduced TrailCrossing at Lee Hill to Boulder to Realtors® this afternoon during a gathering at Bacco Trattoria and Mozzarella Bar in North Boulder.


    Koelbel Urban Homes Vice President Carl Koelbel (left) and Senior Vice President Peter Benson.


    The 6.1-acre new development will be just south of Dakota Ridge off Lee Hill Rd. between 8th and 10th Sts. The project comes as work in Dakota Ridge winds down after years of construction there.

    TrailCrossing plans include three homes built under Boulder's Affordable Housing Program (priced about $230,000), and 28 market value dwellings with base prices ranging from the low $500,000s to the $700,000s.

    Finished square footage above ground will range from about 1,200 square feet to 2,700 square feet. Basements can be finished at additional costs, said Benson. All will be two-story single-family residences.

    (We picked up floor plans and exterior drawings during the introductory event and will be happy to share them. Contact us at 303.961.1617.)



    Ron Rovtar, dba Front Range Real Estate, Ltd., is a broker associate at Berkshire Hathaway HomeServices/Real Estate of the Rockies in Boulder, CO. Please call Ron with all your questions. He can be reached at 303.981.1617.  To learn more about Ron, please visit his website. For more about life in Boulder County and nearby, check out our facebook page.

    Photo © Ron Rovtar

    Tags: TrailCrossing,
    Koelbel Urban Homes, Koelbel, development, neighborhood, new construction, Boulder, Boulder County, Colorado, news, TrailCrossing at Lee Hill
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