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Market Conditions in Boulder : Real Estate Advice

  • All151
  • Local Info16
  • Home Buying49
  • Home Selling10
  • Market Conditions10

Activity 18
Fri Jan 15, 2016
Sally Grenier answered:
I wouldn't rely on Trulia for anything. I'd be happy to send you all kinds of market stats for Boulder. Are you talking about city or county?

Sally Grenier
Broker Owner
Metro Brokers | Grenier Real Estate
sallygrenier@msn.com
303.475.4508 Cell
http://www.searchwithsally.com
http://www.boulderhousesearch.com
http://www.metrobrokersonline.com/agents/Sally.Grenier
... more
0 votes 1 answer Share Flag
Thu Apr 23, 2015
Sally Grenier answered:
How much are you able to to buy the property for?? Boulder values will always remain high. Sounds like a great opportunity to buy a home in Boulder. Everything is fixable. Just depends on how much money you have to sink into it. In the long run, it will be a great investment. ... more
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Sun Jul 27, 2014
Ron Rovtar answered:
Hi Will:

The map linked to in the "web reference" field below should help you figure out if this would be the right location for you.

Best,
Ron Rovtar
Berkshire Hathaway HomeServices/Real Estate of the Rockies ... more
0 votes 3 answers Share Flag
Fri Jul 18, 2014
Ron Rovtar answered:
Sat Jul 12, 2014
rahul.albums answered:
If you are confused with the frenzy that is going on in the Gunbarrel market, then you are definitely not the only one. The market is skyrocketing and going through the roof. I have see the condos in gunbarrel when they were selling for < 80K and the same condo now selling for 180K.

I am not a broker or agent, just home buyer like you who is watching and playing this market for a long time now. For any advice feel free to contact me. And if you are looking to buy. I will say that you wont get it unless you beat 4 other offers right now.
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0 votes 3 answers Share Flag
Sat Jul 5, 2014
Ron Rovtar answered:
Hi Carla:

New residential construction in the area can affect the value of your home to some extent, but usually it is not something to worry about. If the new home has a negative impact on your property (such as the loss of a wonderful mountain view), then there might be some reduction in home value. But typically newer and larger homes tend to modestly improve the value of the surrounding areas. In other words, I would not expect much impact. As for building a fence, I don't think you will run into trouble building your own as long as the fence violates no HOA or city restrictions. My understanding is that fences under 6 feet do not require a building permit, but you should always double-check. The link below might help. Check section 105.2 Work exempt from permit.

Ron Rovtar
Berkshire Hathaway HomeServices
... more
0 votes 2 answers Share Flag
Sun Jun 29, 2014
Ron Rovtar answered:
Boulder High School is usually listed as the home high school in this area But I believe this is part of an area in Gunbarrel where you have a choice between Boulder and Fairview. And, indeed, the BVSD website lists both high schools, along with Heatherwood Elementary and Nevin Platt Middle School.

Best,
Ron Rovtar
Berkshire Hathaway HomeServices
... more
0 votes 1 answer Share Flag
Tue Aug 13, 2013
Ritchy Haynes answered:
Lenders today are very aggressive in jumbo loans. Fannie and Freddie never did these! There are a few markets with limits above $417k but for most part jumbo loans have always been non conforming. I am seeing very aggressive rates and products out there, with higher loan to values becoming more prevalent everyday! ... more
0 votes 4 answers Share Flag
Thu Jun 27, 2013
Ritchy Haynes answered:
Even with rates on the rise it seems that buyers are more anxious than ever and doing everything they can to find the right home and get locked in.
1 vote 8 answers Share Flag
Wed Mar 27, 2013
Ron Rovtar answered:
Hi Carla:

This house is listed but not currently under contract. MLS information at the link below. Call me if you would like to see it.

Kind regards,
Ron Rovtar
Front Range Real Estate, Ltd.
Prudential Real Estate of the Rockies
303.981.1617
ron@rovtar.com
http://www.rovtar.com
... more
1 vote 3 answers Share Flag
Thu Dec 20, 2012
Ron Rovtar answered:
This is an older question, but going back and taking a new look sometimes is useful.

So far the Boulder real estate market has fallen off no precipice. And it does not look like this will happen any time soon.

We were interested to read this morning that on the national level prices for all types of housing were up substantially in November and have been rising continuously for the last nine months.

In Boulder, the average house sale price was up 1.5 percent for the third quarter on a year-over-year basis. The median price was up 4.1 percent during the same period. The number of homes sold jumped 16.5 percent while the days-on-market figure fell 29.1 percent to 56 days. Sounds pretty healthy to me!

We also read that energy prices should stay moderate or decline next year and that nationally, economic growth during the third quarter was better than previously reported, all of which is good for the economy in general.

The only cloud in this morning's financial reporting seemed to be uncertainty about a "Fiscal Cliff" deal in Washington DC. And we think we can assume that something positive will be accomplished in the nation's capital, if not before Jan. 1, then shortly thereafter.

So, assuming our politicians are not totally self-destructive, it looks as if the indicators are telling us that the economy is improving in several ways. This bodes well for housing in all areas, including Boulder, which has been a strong housing market for many years simply because so many people want to live at the base of the Flatirons.

Kind regards,
Ron Rovtar
Prudential Real Estate of the Rockies
303.981.1617
info@rovtar.com
http://www.rovtar.com
... more
0 votes 15 answers Share Flag
Tue Dec 11, 2012
Ron Rovtar answered:
Hi Your Wife: This house is about 11.5 miles from Pearl St. Mall, of which 4.8 is unpaved, according to Mapquest. See the link below. Mountain driving is slower because of all the curves and the up and down sections. A lot will depend on your driving habits and the road conditions on any particular day. If being close to Boulder is an issue for you, I would suggest some areas up Lee Hill Rd. (including Olde Stage Rd.) and Sunshine Canyon Rd. Pinebrook Hills and Boulder Heights are also nice, but I suspect they may be too much like subdivisions with large lots for your taste.

Kind regards,
Ron Rovtar
Prudential Real Estate of the Rockies
303.981.1617
info@rovtar.com
http://www.rovtar.com
... more
0 votes 6 answers Share Flag
Sun Aug 5, 2012
Suz A answered:
||||||||||||||| UPDATE Aug. 2012 ||||||||||||||||||

In all likelihood, Sean found the right place and is now enjoying coffee at one of those cute little shops on The Hill (the place where us aging hipsters hung out in our youth). Or, he found something suitable for his needs in the area north of Canyon near the mall. Love Sunday morning breakfast on this end of town.

Boulder takes pride in its active lifestyle. There are many, many opportunities for getting outside and drinking in this gorgeous place. It is a good idea to think first about what neighborhood you will enjoy.

If you like the night life and want to stroll to a tavern, you choose a place that has close proximity. If you like to get out on a trail and jog, you can find real estate close to the network of trails.

Let me know. We can talk and then I'll use my more than 25 years of accumulated knowledge to find the place that is right for you.

Best,
Suz
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0 votes 8 answers Share Flag
Sat May 12, 2012
Suz A answered:
|||||||||||||||||||||||||| UPDATE May 2012 |||||||||||||||||||||||||

Mortgage rates under 4 percent. Homes flying off the market in a matter of days. ...

CNNMoney says home buying may never get any cheaper. That seems a safe assumption.

Yes prices have been soft, as noted by CNNMoney, but they are headed up here. Our sources show prices have moved 1.4 percent and more. Foreclosures are way down. Unemployment is drifting lower. Rising rents will push more buyers into the market.

All the signs point to a very active summer. Buyers should line up a Realtor now.

Best regards,
Suz
720.810.0683
bouldersuz@gmail.com
PML of Longmont
... more
1 vote 22 answers Share Flag
Fri Jul 23, 2010
Bob Gordon answered:
Hi New2Boulder - the last year may be an inaccurate guidepost. The now expired tax credit affected the sales market, especially during the Spring of 2010 and the Fall (Sept-Oct) of 2009. Additionally, more information such as your price range and flexibility are important in answering the question. What sort of housing are you pursuing? Attached? Single family? Will you be selecting a short sale/foreclosure or a regular purchase (there are dramatic differences here). ... more
0 votes 7 answers Share Flag
Sat Jun 19, 2010
Ron Rovtar answered:
Hi Jim S:

Boulder SuZ has hit the nail on the head. Residential prices tend to fluctuate based on local conditions. In fact Boulder saw much price growth during the 1990s, but considerably less in the 2000s when other areas were appreciating rapidly. Since the downturn, Boulder prices have held up relatively well while other areas were being hit hard. To a great extent, I think Boulder's diverse economy with the University, the Federal institutions like NCAR, high tech companies and tourism have helped the city through both good and bad times.

Best,
Ron Rovtar
... more
1 vote 6 answers Share Flag
Sat Sep 27, 2008
Vickie Slade answered:
Sally, The list price is the price the seller is asking for their property. This price can change and often does, particularly if a property has been on the market for a longer period of time and doesn't sell. The seller will often reduce his/her price in hopes of making the offer look more attractive to a potential buyer.

The sale price is the price that a property actually sells for and it is entered into the MLS after the property has been sold. Our goal at Real Estate of The Rockies is to provide enough solid comparable and market data to our sellers to assist them in making the best decision on how to price their home before it is listed for sell. We take great pride in having an average sales price of over 98% as compared to the list price.

You might ask why this is important. A new listing typically generates more excitement and consequentlly more potential buyers viewing a property when it is first listed for sale. The more a home is over priced, the more potential buyers are turned off right away and many, if not most, never come back to take another look at the property.

Average length of time is the average number of days that it takes to sell a property in a particular market. For example, the average days in the market for August for a single family home in Boulder was 65, while only 44 in Louisville. (Other surrounding areas were as follows: Lafayette 83, Erie 94, Longmont 68, Superior 80, Broomfield County 74). This average, of course, is affected by many factors including but not limited to market conditions, number of homes listed for sale, etc. Yet we find that 20% of all homes still sell within the first 2 weeks of being listed for sell. Why? Because there is something special about them-- they are they type of home a buyer walks into and is immeidately attracted to. They are updated, spotlessly clean, typically staged, well priced for market conditions.

If you are interested in taking a look at additional statistics including: total number of homes sold, median sales price and average sales price by area, please visit my web site at www.vickieslade.com. Go to the "Buying" tab and download the report for August. The download is free and is updated monthly if you want to check back for future monthly reports..

Best of luck to you!
... more
0 votes 3 answers Share Flag
Tue Apr 22, 2008
Bob Gordon answered:
Hey Dan - have you found am home yet? Boulder's market is up 20 percent this year (stats from Land Title). Did you tour the Permanently Affordable stock? Were you a town house buyer? Really would enjoy hearing how your story is turning out. ... more
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