No Summer Slow Down Yet

Last June I reported that the typical summer market slowdown was not happening despite the pandemic and quarantine and the market was in full swing heading into the July 4th weekend. This year is following the same trend with our hot spring market continuing to remain active into summer. Multiple offers above list price and buyer concessions to the seller are still the norm. Normally, we would be slowing as we approach July 4th, but this year's low inventory seems to have continued to create pent-up buyer demand.

Despite my experience with multiple offers continuing, some local news sources are reporting that the Colorado real estate market is starting to cool off. I haven't seen a cool down in the Boulder County market yet, but I know the rate of rapid appreciation we've been experiencing this year can't continue indefinitely. If the market is cooling down, I feel it will become evident sometime shortly after the 4th of July or by the time school starts in August.

Boulder County's economy and lifestyle continue to attract out-of-state buyers. The latest SmartAsset report ranks Boulder in the top 3 housing markets in the nation for growth and stability. Interest rates have started to rise, but are still near historic lows and buyer demand continues to be robust. If buying or selling makes sense for you now, I would encourage you to move ahead. Please contact me anytime if you want to discuss the current market and how I can help make it work for you.

Best,

Rich

Boulder Valley Real Estate Conference

The Boulder Valley Real Estate Conference is November 21st at the Boulder Embassy Suites from 9am-4pm. This BizWest conference covers the ever-changing real estate landscape in the Boulder Valley. Expert panels and development officials from Boulder and Broomfield counties provide a look at significant developments in these communities. I'll be there and I hope you'll join me. GET TICKETS

Boulder Tops for Growth & Stability

FOR THE FOURTH YEAR IN A ROW, analysts at  SmartAsset.com pegged the Boulder Metro Area (Boulder County) as the #1 real estate market for growth and stability in the U.S.  Their research shows that the average home has grown 276% in value over the past 25 years.  Over that same time period, they estimate there was a 0% chance that a homeowner saw a 5% loss in home value within 10 years from the purchase date.  Colorado's Front Range showed strength across the board, with Fort Collins ranking at #4 and Denver ranking at #9. Read the full report.

Current stats show that appreciation is slowing in Boulder County, going from an average 12.5% annually over the last 5 years, to 8.25% in the last year. This leveling off feels healthy to me. Again, ours is the most  stable real estate  market in the country!  

If you want to discuss current market trends and ways to make the market work for you, please contact me. I am always here to help you, your friends, family and co-workers with any real estate need, even if they just want to ask a question. I hope you are having a great start to the school year. - Rich