Colorado Job Forecast Is Up

Job growth drives the housing market, and growth in our region will continue to hum, according to the Forbes 2016 annual Best U.S. Cities for Job Growth report. The publication ranked our region (Denver-Aurora-Lakewood) #7 overall, driven largely by expected growth in the tech sector. The "twin capitals" of the tech industry took the top spots, with San Francisco at number one, and nearby Santa Clara-San Jose at number two. But the high cost of housing in both metros have some companies there seeking more affordable locations. Denver-metro housing prices may seem high, but our prices are considerably less than the California metros and some others in the top 10.

Forbes 2016 Top 10 U.S. Cities for Jobs

Using employment data from the Bureau of Labor Statistics from 2004 through 2015, Forbes rankings are based on recent, mid-term and long-term growth trends.

Trends I'm Seeing

Boulder County's high demand - low inventory market persists. Within our microcosm, I've seen three interesting trends emerge.

First, more seniors are seeking to relocate here. Several of my clients have found or are actively seeking housing for their parents, who are moving here from out of state. Depending upon the price range, Boulder's options for seniors can be lean (but are certainly possible), while Louisville, Lafayette, Longmont, Broomfield and other east communities offer some pretty stellar opportunities. I work to help families make big transitions like these as smooth as possible. If your parents are visiting this summer and want a lay-of-the-land tour, don't hesitate to call me.

Second, more parents of college-age students are seeking income property in their child's college town. Here's where the RE/MAX network comes into play. I can help you find a local agent who has an excellent reputation with both clients and industry insiders. Online reviews can only go so far in telling who knows income property, who takes care of clients, and who will have your long-term interests at heart. Call me to help find a solid, knowledgeable local agent for income or vacation property.

Finally, have you seen the photographs on local listings lately? Funny thing. When I started in this business, listings didn't even include photos. That eventually progressed to polished, professional photography for every listing. Today I'm seeing cell phone photos and even no photos at all - a sure sign of seller strength. Buyers have to be available to see properties up close and quickly.

Just a few thoughts. Please call me anytime with yours.

Thoughts On The Year Ahead

Since 2013, fierce buying competition has dominated the Boulder Valley real estate scene. Demand has far exceeded the supply of homes, townhomes and condos on the market. A strong economy, robust job market, influx of new residents, and continued low interest rates have driven these conditions. The first quarter of 2016 shows no signs of waning.

Intelligence in a seller's market yields better outcomes for everyone. Kicking off my 23rd year in the business, I'm very proud to have helped so many buyers find, negotiate and successfully close on 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 2016, it continues to be very important for both sellers and buyers to put experience on your side. Questions? Ideas? Please call me anytime, 303-931-6979.