July Real Estate News

 

   REAL ESTATE NEWS 
 July 2012

2nd Quarter – 2011/2012 Market Comparison

Residential     2011 Avg. Sales Price $ 2011 Avg. Days to Offer 2011 Units Sold 2012 Avg. Sales Price $ 2012 Avg. Days to Offer 2012 Units Sold
Metro Denver $278,113 111 15,087 $295,672 73 14,588
Boulder $666,152 94 324 $660,362 82 430
Broomfield $308,720 95 317 $334,741 69 403
Louisville $390,924 65 93 $416,121 51 120
Lafayette $349,579 81 128 $379,152 69 168
Longmont $242,995 74 430 $254,541 70 491
Superior $411,993 88 69 $412,096 49 80
Gunbarrel $411,004 87 55 $452,334 68 75
Niwot $755,490 87 21 $682,307 54 42
Erie $315,434 97 169 $335,083 72 208
Mountains $374,727 140 506 $384,056 144 636
Condos/Townhome
Metro Denver $157,697 123 3,748 $186,181 79 4,816
Boulder $315,115 126 287 $313,534 123 350
Louisville $199,488 90 18 $216,460 75 21
Lafayette $170,070 88 54 $184,024 70 59
Longmont $174,424 102 83 $172,770 83 124
Superior $212,583 59 12 $202,995 49 26
Gunbarrel $175,137 112 39 $191,836 82 39

Information Provided by IRES, Information and Real Estate Services and Metrolist. All reported sales were not necessarily listed or sold by Four Star Realty and Property Management, Inc. and are intended only to show trends in the area.

Colorado among 12 states seen as reaching pre-recession job levels soon: Colorado is among 12 states expected to reach or exceed pre-recession job levels either this year or next, according to a report by a unit of Douglas County-based IHS Inc. read more here

Report: Colorado economy outperforms nation’s:Colorado’s employment and personal income grew faster than the national average between 2000 and 2010, according to a report Wednesday from Headwaters Economics. read more here

Existing-Home Sales Constrained by Tight Supply in May, Prices Continue to Gain Limited supplies of housing inventory held back existing-home sales in May, but sales maintained a strong lead over year-ago levels and home prices are on a sustained uptrend in all regions, according to the National Association of REALTORS®. read more here

Low appraisals that don’t reflect rising markets are ruining deals Are some appraisers failing to see the improvements in real estate values underway in local markets that have recently bottomed out and turned positive? read more here

 

 5723 Rustic Knolls Dr
 $2,475,000
 Boulder, Colorado

477 Pearl Street
$599,000
Boulder, Colorado

 4785 Hancock Dr
 $539,900
 Boulder, Colorado

1072 Pearl St D2
$249,900
Denver, Colorado
 
 
 Mortgage Type
 National
 Local
 15 Year Fixed
3.01%
2.75%
 30 Year Fixed Jumbo
4.25%
4.25%
 30 Year Fixed
3.62%
3.375%
 5/1 Arm
2.7%
2.5%
 5/1 Arm Jumbo
2.83%
2.75%
 FHA 30 Year Fixed
3.5% 
3.375%
Examples and are based on market conditions as of July 9th, 2012. Local rates include 1 point paid to Lender. This is not a guarantee of any kind.  Interest Rates are subject to daily change based on market conditions and a variety of specific
qualifications for borrowers 
Fixed Mortgage Rates Match All-time Record Lows  In Freddie Mac’s results of its Primary Mortgage Market Survey®, the average fixed mortgage rates were largely unchanged helping to keep homebuyer affordability high for those in the market to purchase or looking to refinance. Both the 30-year fixed and 15-year fixed rate mortgages matched their all-time record lows. read more here
                                                                                                                                                

July 13th

Urban Home Show, Denver   http://www.denver.org/events/detail?e=6748&t=’festivals’,’special_events’

July – August 25th  Saturday Evenings

Twenty Ninth Street Live, Boulder   http://www.bceproductions.com/twenty-ninth-street-live/

July – August 15th  Wednesdays Evenings

Band on the Bricks, Boulder   http://www.boulderdowntown.com/events/bands-on-the-bricks

July 21st – 22nd

Open Arts Fest, Boulder   http://www.boulderdowntown.com/events/artfair

July 27th – 29th

Evergreen Jazz Festival, Evergreen http://www.evergreenjazz.org/index.html

   

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