Boulder Real Estate Insight & News

Happy New Year! 2014 is here with the promise of a fresh slate and new opportunities. Our local housing market is poised for another strong, though tight market this coming year. Let’s take a moment to look back on 2013, learning from the past year and forging ahead.

The devastating flooding of 2013 will be remembered for a long time to come, but we rose to the occasion to help neighbors in need, showing that we are a strong community who can overcome even the worst natural disaster. While many have repaired, rebuilt or moved on, I know that some of you are still dealing with flood-related issues. If you have any questions about your property or how the flooding impacted the local market, please give me a call. Or, if you are in the neighborhood, please stop by and check out our new offices at 2014 Pearl Street.

Boulder Real Estate County Sales & Stats

Sales data for home and condo sales were just released for December, and there is no question the real estate market is heating up locally. Average sales prices of homes, looking at data from December 2013 against December 2012, jumped significantly, ranging from 8.1% in Lafayette to 14.7% in Louisville. Boulder home prices jumped 12.3%, with average sales prices reaching $754,088 in December. Also, the average time a home is on the market is dropping rapidly. In December 2012, homes were on the market about two or three months; now, they are under contract in a just over a month. Condo sales are also strong, especially in Broomfield, Louisville and Superior, but prices are more stable. Let me know if you are interested in learning more about what is going on and how it can impact you.
View Full Sales Report

Spring Real Estate Forecast

Recent trends suggest that the Boulder Valley housing market will remain strong, but tight, this 2014. What does that mean? Simply that demand has outpaced the inventory available and home prices are continuing to rise. So, if you’re thinking about selling your home, you should consider striking while the iron’s hot, meanwhile potential buyers should keep their eyes on the rising prices and consider if now would be a good time to make some offers. Read more about the current market here.