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Boulder Real Estate  

Beautiful Boulder is a dynamic community with a passion for the outdoors.  This is where the Rocky Mountains meet the Great Plains.  Low crime, the University of Colorado and a great climate are just a few reasons why people from all over the world choose to settle in Boulder.  To find out more about Boulder and its real estate market click here.

Louisville Real Estate

For two straight years CNN/Money has named Louisville Colorado its #1 place to live.  Easy access to both Boulder and Denver, great neighborhoods and a cute main street make Louisville a great place to live.  To learn more about Louisville and its real estate market click here.

Lafayette Real Estate

Lafayette is a town of 26,000 people located approximately 10 miles east of Boulder.  Lafayette has a coal mining heritage but people are now attracted to Lafayette for the beautiful views, affordable real estate, newer homes and convenient location.  To learn more about Lafayette Colorado and take a look at some MLS listings click here.

Longmont Real Estate

Longmont is a town of 85,000 people located approximately 17 miles northeast of Boulder.  The city has a great mid-western feel and has great quality of life, low real estate prices, a strong employment base and beautiful views of its nameske Longs Peak.  To learn more about Longmont Colorado and its real estate market, click here.

Superior Real Estate

Superior was named for the quality of the coal in its mines a century ago.  Now Superior Colorado is known for a good quality of life.  Superior's population really took off in the 1990's with the construction of the planned community Rock Creek.  Convenient to shopping, jobs, transportation and outdoor activities.  For more information about this popular town and its real estate market, click here.

Erie Real Estate

Erie straddles the border of Boulder and Weld Counties.  It has seen extensive growth over the past decade and is now a great choice for those who are looking for a good value as well as a good quality of life.  To learn more about Erie and its real estate market click here.

« Boulder County - 2009 Year End Real Estate Market Report | Main | Boulder County Real Estate Statistics - December 2009 »
Thursday
14Jan2010

Top Trends in Boulder County Real Estate

DateThursday, January 14, 2010 at 4:59PM

Here are the top trends in the Boulder County real estate market as I see them.  Some are specific to this area and some have a broader scope. 

First let's discuss 2009:

  • Number of sales down 15% countywide.
  • Homes below the “median price” are selling.  Different prices for different areas, price ranges that are moving in Boulder are considered too high in Longmont.
  • Higher priced homes have trouble finding buyers.  In December there was a 4 year supply of homes priced over $1.5 million in Boulder County. 
  • Slow start to the year and then improving as the year progressed.  The first quarter was dead - the fourth quarter was not so bad.
  • Outside influences included – tight credit, tax credits for first time buyers and low interest rates for conventional loans (up to $417,000).
  • Consumer confidence begins a slow return.
  • Opportunities in the market – foreclosures, motivated sellers.

Check back in a day or so for my full 2009 market report.  This will include statistics for homes sales in Boulder, Louisville, Lafayette, Erie, Longmont, Superior, Suburban Plains and Suburban Mountains.  To get the report right to your email send a request to Neil@NeilKearney.com

Here is what I expect for 2010

  • Quick start due to extended tax credit and low interest rates.  If you are considering a move in 2010, making it happen before April 30th is a good idea. 
  • Interest rates will rise during the year - most predictions say interest rates will start with a "6" this time next year.
  • Foreclosures and short sales will continue to be a large segment of the market.
  • Look for more distressed sales in the upper ranges.
  • I think 2010 will be a recovery year – heading the right direction.  We won't see a big recovery until jobs come back in droves. 
  • Look for real estate on the Front Range to recover much more quickly than other areas. 
AuthorNeil Kearney | CommentPost a Comment |
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