FOR THE THIRD YEAR IN A ROW, analysts at SmartAsset.com pegged Boulder as the #1 real estate market for growth and stability in the U.S. Their research shows that since 1992, home prices grew 314%. During that time, home prices never once saw a decline of more than 5% in Boulder - not even during the national foreclosure crisis. That stability means homeowners in Boulder have been spared the stress of depreciation, while reaping the benefits of price appreciation. Colorado's Front Range showed strength across the board, with Fort Collins moving from #6 to #3 since last year, and Denver going from #9 to #8. Read the full report.
Boulder County hosts many terrific non-profit organizations that make our community and the world a better place. One of my favorites is Intercambio, a lean, innovative and extremely effective organization that helps newcomers from all over the world acquire English skills. Good things to know:
I'm proud to once again sponsor the Whittier-Mapleton Hill Garden Tour on Saturday, June 3. This self-guided walking tour includes private gardens in two of Boulder's prized downtown neighborhoods. The tour benefits Whittier International School, a public elementary in the heart of Boulder (my daughter is an alum). Tickets and info www.WhittierGardenTour.com
In Colorado, property taxes are re-assessed every odd numbered year and in the coming weeks you will receive an updated 2017 tax assessment which establishes the value of your property as of June 30, 2016. Because property values in our market have increased dramatically over the last few years, it's likely you'll see a substantial increase in your tax assessment. (The Assessor's process is explained here.) During the study period for tracking values (June 30, 2014 to June 30, 2016), the average sales price of single family homes in Boulder County increased 26.8%, and the average sales price of attached dwellings increased 36.7%.
The new tax valuation you'll receive is the starting point for calculating property tax over the next two years. If you think your assessment is inaccurate, you have until June 1st to appeal. Take these steps first:
1) Make sure the assessor's objective information is accurate. Check the square footage, the number of bedrooms and the number of bathrooms.
2) Examine the details of the comparable properties the assessor used to establish your property value. It's not uncommon for the assessor to base value on unsuitable comparable properties. If you think this may be the case, call me asap and I will assemble a better set of comps for you to use in your appeal.
The downside to the rapid appreciation we have all enjoyed on our properties in Boulder County is that property taxes are increasing. Most of your property tax dollars go towards funding public schools which is a good thing, but if you feel the Boulder County tax assessor is trying to get too much of a good thing, I am happy to help with your appeal. Call or email me anytime to discuss.
Since 2013, fierce buying competition has dominated the Boulder Valley real estate scene. Demand has far exceeded the supply of homes, town homes, condos and investment properties on the market. A strong economy, robust job market, influx of new residents and low interest rates have driven these conditions. With all of these factors, the first quarter of 2017 shows no signs of waning.
The 30-year fixed interest rate is currently at 4.5%, which is .5% higher than a year ago. Rates will likely increase more this year, but they are still near historic lows.
Intelligence in a seller's market yields better outcomes for everyone. Kicking off my 24th year in the business, I'm very proud to have helped so many buyers find, negotiate and successfully purchase homes here in Boulder County. I've also helped many sellers maximize their opportunities by offering measured guidance that results in low-drama, high-yield sales.
It is very easy to make mistakes in a fast-paced market. In 2017, it continues to be very important for both sellers and buyers to put experience on their side. Questions? Ideas? Please call me anytime, 303-931-6979. Best, Rich
It was great to see many of you at my annual holiday party at the Rio Grande restaurant in Boulder. If you couldn't make it, we missed you and will see you next year. Wishing everyone happy holidays and a great new year ahead!
A friend recently told me about a really cool community website for adventurous cyclists that I wanted to share. The Warm Showers community is a free worldwide hospitality exchange for touring cyclists. Find a prospective host while planning a cycling trip or open your home to touring cyclists. For more info or to sign up, click here.
Seeking some help to get your home in shape for sale or better living? Susie Regnier and her team are organizational stars who specialize in decluttering living spaces. Learn more: ClutterlessBoulder.com
I enjoyed this piece by the New York Times on how to have a short & sweet time in Boulder. A good article to share with visiting friends and family!
My son Bo is a freshman on the Boulder High Panthers football team this year. We are excited for the season! If you're a Panthers fan and want to support the team, please join me at a tailgating fundraiser before the varsity's home opener versus Denver South this Saturday, hosted by my RE/MAX of Boulder colleague and fellow Panther parent Digger Braymiller.
Pre- Game Tailgate, Luau Fundraiser for BHS Panther Football
When: Saturday, September 3, 10:30- 1:00 (kick off is 1 p.m.)
Where: Just west of BHS football field, behind Vertiba in the back parking lot. There is no parking available here however, please park in the Boulder High lot and walk over if you are driving.
How Much: $25 suggested donation at the gate-kids under 12 FREE!
Food and Drink: Pig roast, sides and drinks with hot dogs for the kids
Fundraiser drawing: Over $800 worth of donated items.
ALL MONEY GOES TO THE PANTHER FOOTBALL PROGRAM
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