Rich Gribbon
The Year Ahead: 2014
The Boulder County real estate market ended strong in 2013 and all signs point to this year's market looking a lot like last year's: low inventory coupled with low interest rates resulting in a competitive buying environment and more appreciation.Â
Even though the market will be competitive for buyers, excellent conditions persist and it's worth your while to take advantage of them - either by making a move or investing. Interest rates continue to be historically low, so now is a good time to buy or refinance. Also, low inventory conditions will continue for the foreseeable future and may just be the "new normal." Â So waiting to buy may only result in a higher price down the road.
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For sellers, getting on the market now -- instead of waiting for the traditional spring selling rush -- will likely net a better price. The ratio of listings to buyers is lower in the first quarter, and this generally results in a higher sense of urgency for buyers and thus a better environment for sellers.