• Rich Gribbon

Quick Market Update

2022 marks my 28th year in real estate. I couldn't have made it this far without you and it has truly been a privilege working with you! In looking ahead at what my 28th year might look like; I can only guess it's going to be interesting. Since RE/MAX of Boulder began tracking Boulder County home values in 1978, annual appreciation has averaged 5.85%. In 2021, the median price of single-family homes in Boulder County increased 27.6% and attached dwellings were up 10.5%. Boulder County continues to be rated one of the most stable real estate markets in the country. In the context of other investments – stocks, bonds, crypto-currency, etc. – buying REAL property in Boulder County rises to the top as a powerful and stable way to build wealth.  It has been my observation over the years that the best time to buy real estate in Boulder County is always 6 months ago, so if you are considering buying, think sooner rather than later. After 10 straight years of rapid appreciation, the Boulder County real estate market accelerated at an unprecedented pace in 2021, with high demand and lagging supply. At this point, these forces are now even more at play following the devastating fires in Marshall, Superior and Louisville. With interest rates still near historic lows and continued buyer demand, home prices will continue to go up in 2022. If you’re going to sell this year, the first quarter is traditionally an excellent time to be on the market. Buyers have a high sense of urgency in the first quarter and I’m already seeing quick sales with multiple-offer situations. I’m optimistic about our market in 2022! I hope I’ll have the opportunity to put my experience and passion for real estate to work for you – whether it’s all-around service or just some straightforward advice. Contact me today to help you brainstorm goals or talk through any options you may be considering – upsizing, downsizing, remodeling, venturing into income property, purchasing a 2nd home outside of Boulder County or leveraging your investments to increase your holdings. Also, please know that I always have time for your friends, family and co-workers and greatly appreciate your referrals. I promise to provide outstanding service that will make us both look good. Best, Rich

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