December 2012 News in Real Estate

   REAL ESTATE NEWS 
 December 2012
Happy Holidays! 

 

Boulder/Denver Condominium Market

Buyer Demand: The demand for condominiums in Boulder under $300K is healthy, but remains relatively weak in the higher price ranges.  In Denver, the demand for condominiums under $300K remains extremely strong, and there is still a healthy demand in the higher ranges up to $1,000,000 as well.

Units Sold: On a year to year comparison, the number of condominium units sold in Boulder increased by 21.8%.  In Denver, the number of condominiums units sold increased by 17.3%.  The surrounding communities such as Broomfield and Longmont also saw an increase in activity by a whopping 52% and 43.7% respectively.

Prices: Most communities experienced a bump in condominium prices, with the median condominium price in Boulder increasing by 5.4% and in Denver by 15.1%.  Keep in mind that the large number of foreclosures in 2011 (many sold at prices well below market rate) makes these increases appear more significant.

Days to Offer: Boulder’s average number of days to offer decreased 23% and Denver’s decreased by 33.3%

Boulder/Denver Single Family Home Market

Buyer Demand: The demand for single family homes in Boulder up to $500K is strong, and remains healthy between $500K and $1,000,000.  The demand for single family homes above $1,000,000 is weak.  In Denver, the demand for the most affordable single family homes is extremely high with more than ½ of the units for sale under contract.  Denver’s single family home market also is healthy between $500,000 and $1,000,000 but is weak above this range.

Units Sold: On a year to year comparison, the number of single family homes sold in Boulder increased by 27.6%.  In Denver, the number of condominiums units sold increased by 17.2%.  The surrounding communities have experienced similar increases.

Prices: Almost all communities experienced an increase in single family home prices, with the median single family home price in Boulder increasing by 4.7% and in Denver by 17.6%.  As with condominiums, keep in mind that the large number of foreclosures in 2011 (many sold at prices well below market rate) makes these increases appear more significant.

Days to Offer: Boulder’s average number of days to offer decreased 19.1% and Denver’s decreased by 27.8%

As you can see, the real estate market in the Boulder/Denver Metropolitan area is performing very well; these encouraging numbers are influenced by many factors.  The most significant factor affecting our statistics today is the lack of inventory due to the reduced number of foreclosures and lack of new housing units for sale as construction has been almost non-existent for the last 5 years.

 

 5723 Rustic Knolls Dr
 $2,295,000
 Boulder, Colorado

1655 Walnut Street Unit 306
$1,275,000
Boulder, Colorado

 2910 Bluff Street Unit 115
 $133,961
 Boulder, Colorado

1745 Legacy Park Rd
$569,000
Granby, Colorado
 
 
 Mortgage Type
 National
 Local
 15 Year Fixed
2.86%
2.625%
 30 Year Fixed Jumbo
4.04%
4.0%
 30 Year Fixed
3.45%
3.25%
 5/1 Arm
2.78%
2.625%
 5/1 Arm Jumbo
2.85%
2.875%
 FHA 30 Year Fixed
3.25%
3.125%
Examples and are based on market conditions as of November 26th, 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.
 

Boulder Valley allure draws national attention   BOULDER — Even during the darkest days of a recession, the Boulder Valley remained a top draw for developers from around the nation. “Colorado is the fourth-fastest growing state – first for ages 25 to 34,” Stofer said. “It’s the third most educated. It’s No. 2 in infrastructure index – things like FasTracks, museums, convention centers – and it’s the least obese, which means more productivity.”
Read More

Superior residents call for fewer new homes as comprehensive plan debated  SUPERIOR – The town’s elected leaders, and dozens of residents who turned out Tuesday night for a boisterous discussion on changes to Superior’s comprehensive plan, wrestled with how to achieve the right balance of growth as the town maps out its future. About 50 people crowded into Town Hall for the discussion, leaving half a dozen people standing by the door. Read More

Metro Denver home prices return to record highs with low inventories Fast-rising metro Denver home prices are back to their record highs of 2006, fueled by buyers competing for a limited number of properties. So far this year, single-family homes have sold for a median price of $250,000, matching the level they hit in 2006 before the market began to decline. Read More

FREE Santa Photo Day at FourStar Realty!

Saturday, December 8th 10:00am – 3:00pm

 1938 Pearl Street #200, Boulder, CO 80302

Bring your little ones for a FREE visit and photo with Santa!

A professional photographer will be capturing all of your perfect Santa moments and provide you with a digital file of your photos.

CLICK HERE to sign up for a time block. No waiting in those long lines at the mall this year! AND Christmas movies,activities and treats for the kids while they wait.

                      Our gift to you this Holiday Season!


Holiday Baskets for Seniors in Need

It is the holiday season and time once again to open our hearts to those in need in our community. For many years Four Star and Liberty Home Loans have teamed up with local Senior Centers to provide food and necessities baskets to the impoverished elderly throughout Boulder County. We have found that these senior citizens are often home bound and in dire need of food and other necessities and are most appreciative and thankful when we arrive at their doors with the baskets.

Our goal this year is to help up to 75 families locally by providing a large gift basket (20 gallon container) of food, toiletries and goodies.

Donations

There are several ways you can donate. You can sponsor an entire 20 gallon basket for $75 or if you would like to make a much appreciated donation of food, toiletries or a cash donation you can drop it by Four Star Realty in Boulder by December 12th.

Four Star Realty

1938 Pearl Street #200

Boulder, CO 80302

Checks can be made to Four Star Realty – Food Baskets and tax receipts will be provided by request.

Or you can simply make a donation through Paypal by clicking the link below.

We would love to have all donations in by December 12th.

Volunteering

We will also need volunteers for basket assembly and/or delivery on December 18th. We will meet at around noon (location to be determined) to assemble the baskets. Pizza and drinks will be provided. We will then deliver immediately after to locations throughout Lafayette, Louisville and Boulder. Maps to your deliveries will be provided as well.

This is an incredibly rewarding activity, perfect for families! Contact Kristen if you are interested in volunteering. kristen@fourstarrealty.com  303-996-7799

Thank You! And Happy Holidays!

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