Boulder home prices poised for growth

The bubble is secure.  The bubble around Boulder that is.  It appears Boulder home prices are once again headed higher.

Google recently announced its plans to expand their Boulder campus near the Transit Center at Pearl Street.  The city of Boulder has approved Google’s plans to expand to a three building campus that will now employ around 1500 people. A pretty significant increase from the 400 employees that currently work for Google in Boulder.

Most communities would be really excited to welcome so many new, high paying technology-based jobs in their community, but Boulder Colorado citizens have their concerns.

According to the CNN Money article, “In Boulder, Fear of A Bigger Boulder”

“The plan has locals worried about rising home costs and traffic. Dozens of residents have expressed their concern at city meetings and editorials in the local paper.

City Council member Mary Young has said she’s wary of becoming a “Silicon Mountain,” referencing the high cost of living in Silicon Valley.”

While some fear the rising cost of new homes, others will see the bright side and take advantage of the opportunity to invest in houses in neighboring communities.  Boulder has restrictions on new buildings which already leads to expensive Boulder home prices, so many people commute from neighboring towns like Longmont, Colorado.

Longmont’s home prices are much more affordable and they will likely see an influx of new home buyers and house renters from the new Google employees, or from current Boulder residents who decide to cash in on the high home prices by selling their Boulder homes and looking for a house in Longmont themselves.

Buying a home before the influx of new employees can lead to a quick profit turn around or a very desirable home for rental income. Investing in Boulder homes is always a great idea, but if the Boulder home prices are too much for your liking, you will find some really enticing home investment options in nearby cities.  We can help you find them.

Stephanie Iannone Real Estate Agent

Stephanie Iannone
Colorado Realtor

 

About Stephanie Iannone    

Contact Stephanie:
Stephanie@housinghelpers.com
303.641.7484

Real Estate Agents

Seattle Company Buys Big in Boulder Colorado

It may be the largest real estate transaction in the history of Boulder, Colorado. The Seattle-based company Unico Properties recently purchased 27 buildings in four different office parks in the city’s east side, the Boulder Daily Camera reported. The purchase amounts for more than 1 million square feet of office space, which is added to the nearly 400,000 square feet that the company already owned here.

The article noted that deeds filed at the Boulder County Recorder’s Office suggest that at least $168 million was paid for the properties.

Ned Carner — Unico Vice President of Acquisitions — reported that the company likes Boulder and believes it is a great place for real estate. Unico has, with this transaction, now become one of the biggest property players in Boulder, the Daily Camera noted.

The purchase of these properties as well as construction at Boulder Junction and Google’s plans to build a new complex are believed to be upping the value of office space in the east side of the city.

According to the article, Carner agreed, stating that the transportation infrastructure and amenity base at Boulder Junction are making the area more desirable for businesses wishing to relocate or expand.

The company is looking to help tenants attract and retain top talent by investing capital for improvements in the buildings’ tenant spaces, common areas, and accessibility to amenities.

Boulder is, indeed, a desirable place for business. It’s a wonderful place to live, as well. If your business is bringing you to Boulder, let us help you find a great home for you and your family as well as corporate housing for your employees.

With years of experience in the area, we know the neighborhoods well and we know there’s a match for you. For more information, contact us today. 303.545.6000

Corporate Housing      Relocation Services

Crowdfunding Colorado Real Estate Gaining Traction

Looking for capital to invest in Colorado real estate?  Consider crowdfunding.

If you’re unaware of the term, crowdfunding is a means of raising money for a project by seeking contributions from a large number of people. It’s been popularized online with websites like Kickstarter.

That’s not to say that crowdfunding a real estate investment in Colorado is for everybody. The minimum capital required, as of this writing, starts at $5,000. For some properties, it can go much higher.

Still, with crowdfunding, the real estate investor risks less money. Of course, that lower risk also results in a diminished return.

Broadmark Capital oversees funds that are used to lend money to real estate investors. One of those funds has a focus on metro Denver.

The company recently used RealCrowd, an online crowdfunding platform similar to Kickstarter, to connect investors with capital.

Adam Fountain is a managing director at Broadmark. He said that, using RealCrowd, the company raised $3 million for one fund in just 3 months. That’s money from brand new investors that the company would not have been able to raise otherwise.

Broadmark also raised $5 million for a second fund and has turned to crowdfunding to reach its goal of $50 million.

As of this writing, Broadmark loans are supporting more than a dozen projects in the Mountain West, including homes in North Denver and Milliken. It should be noted that these are “hard money” loans and are offered with a heftier price tag – a 12.5% interest rate. That’s significantly higher than a bank loan given the current yield on the 30 Year Treasury.

Broadmark typically requires investors in its fund to pony up at least $100,000. However, with the use of RealCrowd, the company was able to lower that limit to $25,000.

Joshua Dorkin is the CEO of the online real estate community BiggerPockets. He said small-scale operators are interested in crowdfunding, but that interest is limited because of the headaches associated with dealing with multiple investors on a small project.

It’s also possible that unsophisticated investors, lured by the possibility of a positive return with minimal investment, might lose money on bad deals, he said.

Purchasing investment property in Colorado can be complex, consider working with a Colorado real estate agent with Housing Helpers.  Our realtors know the investment market as well as the rental market to help you understand all of your options both before and after the purchase.

Boulder Real Estate Market

Boulder Home Prices Rise 8% in 2014

Home Prices in Boulder Colorado Are Up

Residential real estate prices in Boulder Colorado are up, according to Zillow, which is a trend that has been continuing for the past two years.

Median home values have risen by 7.9 percent in the past year with a predicted increase of 1.5 percent in the coming year. This is the value of all homes in the city, whether or not they’re on the market.
Some of the median values in Boulder neighborhoods include:

  • $584,800 for North Border
  • $535,200 for Whittier
  • $414,500 for Parkside
  • $361,600 for East Aurora.

Here’s how the Boulder real estate market stacks up:

  • Overall Median list price is $599,000 for a median price per square foot of $336.
  • The median sold price is $476,250, which equals a median price per square foot of $287.
  • Less than 2 percent of homes sold below their initial asking price.
  • Only about 0.5 percent of homes in the city have foreclosures, which is far lower than the national 4.2 percent.
  • Delinquencies, which are generally recognized as precursors to foreclosures, are at 0.7 percent, which is lower than the national 6.4 percent.
  • About 6.6 percent of the homes have negative equity, compared to 16.9 percent nationwide.

Here’s how the Boulder rental market is shaping up:

  • Median rents run $1,972 a month, which means that after 3.7 years of payments, buying a home becomes more financially advantageous than selling.
  • Studios rent for a median $900 a month and one-bedrooms go for $1,700.

All these factors make for a very healthy and robust housing market- albeit expensive for many.  Boulder continues to draw home buyers and renters from all over the country – and the world – it’s a beautiful place to live with an excellent quality of life.

If these numbers tempt you into the housing market, please let us know. But don’t wait too long. The Mortgage Bankers’ Association sees interest rates rising to 5 percent by the end of 2015!

 

Stephanie Iannone Real Estate Agent

Stephanie Iannone Colorado Realtor

About Stephanie Iannone
Stephanie Iannone, ABR, CNE is a Boulder Real Estate Agent, Managing Broker and Owner of Housing Helpers of Colorado. Named Distinguished Realtor of the Year and Top 25 Salespeople in Colorado by Colorado-Biz Magazine. Stephanie Iannone and her team of experienced real estate agents serve home buyers, sellers, and real estate investors throughout the entire front range of Colorado.

Contact Stephanie:
Stephanie@housinghelpers.com
303.641.7484

Real Estate Agents

 

 

Four things that could make purchasing Real Estate easier in 2015

We’ve all had thoughts of “if only I’d known then what I know now…” Well, sorry, but here’s another one: The four things that could make purchasing Real Estate easier in the new year.

Loosened mortgage lending.

You may have heard the recent story about how former Federal Reserve Chairman Ben Bernanke was unable to get a refinance loan. When I read that, I wondered how many would-be home buyers also read it and just gave up on the idea. For many, logic would dictate that if Ben Bernanke couldn’t get a loan, they probably couldn’t. Well, one of the things the latest federal budget bill did is help loosen mortgage lending. Good news for Ben. Good news for you.

Down payment requirements will be lower.

After the financial meltdown of 2008, down payment requirements for mortgages went up as high as 25 percent, according to SFGate.com. But Fannie Mae and Freddie Mac are now offering lower down payments.

Growth in home prices will be slower.

This means there could be more bargains out there, relatively speaking - the real estate market in Colorado is still very strong. Of course, in some areas, prices will rise more sharply, while in others growth will be slower. But, on average, home values will grow at a slower pace than we’re historically used to. But eventually, growth in those values will increase. That will make buying a home a sound investment over the long term.

Low interest rates will continue.

This has been the 800 pound gorilla in the financial room for six years now. The federal funds rate has been at or near zero percent since December, 2008, and it’s expected to remain low for some time. As long as the federal funds rate is low, mortgage and other credit interest rates will also be low. Until now, that low rate has primarily benefited Wall Street and high net worth investors. But, when you add looser credit and lower down payment requirements into the mix, middle America will now reap some benefit as well.

Here’s the takeaway for those who would like to buy their first home, or upgrade to something larger:  You can wonder “if only I’d acted on what I knew in January”, or you can start actively exploring the real estate market in Colorado now.

Colorado Real Estate Agents

Erie Colorado Homes For Sale

Include Erie Colorado in your new home search

Erie Colorado is a small town filled with character and beautiful homes, often described as quaint but still located close to both Boulder and Denver. When choosing to settle down in a new neighborhood, families often look for the perfect mix of beauty and safety that a small town offers combined with the convenience of living close to a metro area. Erie, Colorado offers just that combination.

Erie Colorado is unique in that it strives to keep in touch with its roots. Even its town website proudly announces that it was founded in 1874. Recently the town has dedicated its financial budget to renovating and improving its public works and school systems. Today Erie has three elementary schools, a middle school and a high school in which you can choose to enroll your children in. Its January/February newsletter talks about some of its most recent accomplishments in the new year, one of them including being placed number 2 in the Best Places for Young Families rankings by Nerd Wallet.

Erie Colorado is considered to be a wonderful historic neighborhood that focuses on its community and you can see this by traveling throughout the beautiful developments Downtown. The town also just announced that it invested over $61,500 in historic Downtown improvements. There are multiple small get together spots as well as larger community parks and even a dog park. Erie focuses on its community by implementing several programs such as a Concert in the Park series and as well as committee dedicated to hosting art in public places throughout the town.

In addition to its wonderful community, Erie Colorado offers lower prices compared to towns that are located just outside of Denver. The 15 minute drive from Boulder allows for beautiful homes in Erie Colorado to be offered at an average price of $329,132 according to this real estate summary. The town also offers newer homes to choose from with an average home age of 4 years. Home prices also vary due to which county the real estate is located in. Erie CO is located in both Weld County and Boulder County, and the homes located in Boulder County tend to cost more.

There are quite a few new real estate listings in Erie Colorado. Even though the average home last year was around $300,000 there are listings that range both below and above that amount. If you are interested in learning more about Erie Colorado, contact Housing Helpers to find out more about real estate opportunities in Erie CO.

Erie Colorado Homes For Sale

Erie Colorado Rentals   

Erie Colorado Property Management 

New Apartments for rent in Gunbarrel Boulder Colorado listed by Housing Helpers

New Luxury Apartments in Gunbarrel Business District

Find out why Apex 5510 apartments in Gunbarrel offers Boulder’s best new luxury apartments for rent.

Apex 5510 apartments in Gunbarrel puts you in the heart of it all. Here, you’ll find studio, one- and two-bedroom apartment homes in North Boulder’s Gunbarrel business district. It’s the perfect blend of inspired design and a healthy, sustainable lifestyle, so of course it’s 100% smoke-free.

For leasing information call 303-545-6000

You’ll be well within walking distance of some of our premier companies, including IBM, HP and Covidien. In fact, more people walk to work in Boulder than any other city of our size. There’s direct access to Boulder Reservoir and more than enough protected open space to make sure nothing blocks your view of the front range.

With downtown Boulder, Pearl St. Mall and 60 parks just five miles away, Apex 5510 apartments in Gunbarrel will remind you every day that this is where you were meant to live all along. And now you do. Apex 5510 apartments. At heart, you’ve always been a Boulderite.

Apex 5510 Apartments Interior Features

Gunbarrel Apartments For Rent Boulder Colorado Housing Helpers

Apex Apartments Gunbarrel Luxury Interiors

• Gourmet kitchens with black Frigidaire appliances
• Side-by-side refrigerator with water filter and ice machine
• Built-in microwave oven
• Custom cabinetry offered in both Honey and Espresso color schemes
• Granite counter tops & large prep islands
• Wood-style flooring in your living room, dining room and bathroom
• Nine-ten foot ceilings
• Your own private balcony or patio
• Full-size washer and dryer
• Lighted ceiling fan in all bedrooms
• Dual bathroom sinks available in select floorplans
• Walk-in closets in most floorplans
• USB outlets installed throughout the home
• Cubed storage wall in studio apartments
• Classy tiered light fixtures in select floorplans
• Extra deep soaking tubs with white subway tiled walls
• Oversized 8′ Windows with Front Range Views available in select floorplans

Apex 5510 Apartment Community Amenities

Gunbarrel Apartments For Rent Boulder Colorado, Housing Helpers

Apex Apartments Gunbarrel Pool And Spa Area

• 100% Smoke Free Community
• 1600 sq ft. State-of-the-art 24-hr Fitness Center
• Sparkling Pool & Year Round Hot Tub
• Paw Spa – Indoor bathing basin for our 4 legged roommates
• Off Leash Bark Park
• Apex Lounge – Wifi, Billiards, Sports Media Room
• Business Center
• Electric Car Charging Stations
• Walking distance to Finkle & Garf Brewery, New Planet Brewery & Boulder Creek Winery
• Walking distance to King Soopers, Tod’s Coffee, Bowhous Fitness Studio and Dining
• Bike Storage
• .25 Miles from Coot Lake Dog Swimming
• Access to Hiking Trails and the Cottonwood Bike Path
• Minutes from Boulder Reservoir
• Built to be LEED®-certified silver
• Community garden so you can grow the foods you love
• Storage units for all your Boulder gear
• Private Garages and Carports available
• 1000 SQ FT of retail space on site- Vendor TBD
• Located in the award winning Boulder Valley School District
• Regularly scheduled Resident Socials and Events

Apex 5510 Apartment Floorplans

Apex apartments in Gunbarrel feature 231 smoke-free studio, one- and two-bedroom apartment homes. Each is an inspired fusion of community, design and the sustainable, healthy lifestyle you love. And each offers an open concept floor plan that fits right in with the way Boulder lives—wide open.  Square feet may vary between individual units and are subject to availability. Rental rates are subject to change without notice. Deposits may fluctuate based on credit, rental history, income, and other qualifying standards. Occupancy guidelines apply.  Here is a sample of a two-bedroom floorplan at Apex apartments in Gunbarrel.

Apex Apartments Gubarrel Floorpland

Find your Next Apartment For Rent in Gunbarrel at Apex 5510

You come back from work or one of your Boulder adventures and you smile. It’s good to be home. You throw open the two-inch blinds, kick back and admire the view of the front range. Later, you’ll take the dog to our Paw Spa. Yes, we have a dog spa.  You can tone up in the state-of-the-art fitness center, maybe do a few laps in the resort-style pool and then call some friends over to watch the big game in the Apex Lounge. But that’s for later. Right now, you’ll just settle in for a bit and enjoy your place.

Apex 5510 Apartments Leasing Information

For leasing information including the latest availability, rental rates, move in specials, and to schedule your showing please contact Housing Helpers Boulder at 303-545-6000 or email us at boulderinfo@housinghelpers.com

Looking for furnished apartments in Gunbarrel?  Housing Helpers offers the largest selection of fully furnished apartments and serviced corporate housing in Gunbarrel, and throughout Boulder County and the Denver metro areas.  Please call our corporate housing office at 303-545-6000.

 

Boulder Apartments For Rent       Boulder Furnished Apartments

 

Corporate Housing

Corporate Housing Serves Tech Savvy Boulder and Beyond

Have you ever had to relocate because your career needed you too?  If so, did you find yourself settling on a less-than desirable hotel because of budget restrictions, or because your company was simply too busy with the move to properly attend to the nuts and bolts of the relocation process? Did you end up researching questionable sublet situations?

As if moving isn’t stressful enough, how does one deal with the challenges of a new job location, packing and family obligations?  Well, one reliable and tested solution is Corporate Housing. Let us explain how Corporate Housing works and how it helps a corporation fulfill the needs of its employees.

When a corporation relocates it’s business operations, it can support its employees by helping them solve the problem of finding a temporary residence while in transition.  A trustworthy and reliable corporate housing service provider can solve that problem, saving the company and its employees valuable time and money.

A member of the Corporate Housing Providers Association with a long history of partnering with companies in Boulder County and beyond, Housing Helpers is a standout example of a reliable supporter in finding temporary housing solutions in Colorado.  Housing Helpers corporate housing solves the problems that come with moving by connecting employees with transitional accommodations that are furnished and can be found near the proximity of their new work environments.

Housing Helpers provides comfortable, quality, customizable, furnished residencies that are a great alternatives to hotel solutions because they are typically a fraction of the cost of extended stay hotels; plus the employee or corporate traveler on average will enjoy spacious, tastefully decorated homes, separate bedrooms, dining areas with full kitchens, and more amenities than most hotels. Plus, all utilities are included and a personal 24 hours service is available to attend to any concerns.

With a thriving business community, particularly in the technology sector, Boulder, Colorado has become a central hub for tech start-ups to call home. Just recently Google announced the foundation of a permanent 4-acre campus to be built in the heart of Boulder; which will require months of construction. This means the influx of executives and employees from Google’s other national offices will head into Boulder, already a busy real estate market. Boulder County’s congested corporate landscape includes Microsoft, Oracle, IBM, Ball Aerospace, Level 3 Communications and many more. With this much competition for adequate living spaces, it’s recommended to turn to a professional with the network and lay of the land to supply housing solutions to a sizable workforce.

In addition to serving the needs to of relocating employees, Housing Helpers Corporate Housing also provides affordable solutions in cases of:

  • Short-term vacation rentals
  • In between homes scenarios for home buyers and sellers
  • Disaster relief housing for displaced individuals and families
  • Contract workers on assignment
  • Traveling nurses, doctors, and medical professionals

It’s a piece of mind for the relocating work force and for the corporate or family budget. Our Corporate Housing networks also reach out and supply accommodation solutions in Arvada, Broomfield, Erie, Lafayette, Longmont, Louisville, Superior, Thornton, Westminster, the Denver metro area, and even Fort Collins.

For more information about our corporate housing services in Boulder and beyond, please call our local Boulder office at 303-545-6000 or email us at boulderinfo@housinghelpers.com

Corporate Housing      Corporate Housing in Boulder Colorado

Home For Rent Wonderland Lake Boulder Colorado

Wonderland Lake Boulder Colorado Homes For Rent

Homes for rent in the Wonderland Lake neighborhood in Boulder Colorado range from modern craftsman style to eighties era townhomes, and updated bungalows.  The Wonderland Lake neighborhood in Boulder is located adjacent to the Wonderland Lake trail system- a roughly 1.2 mile trail that circles the lake.

The homes are located mostly on quiet tree lined streets nestled up against the scenic north Boulder foothills, making Wonderland lake an idyllic setting to live.    Some homes in Wonderland offer access to a private swimming pool and children’s playground.It really can run the range of home styles in this desirable area of north Boulder.

Home For Rent Wonderland Lake Boulder Colorado

Modern Home For Rent in Wonderland Lake Boulder Colorado

 

Wonderland Lake Trail Boulder Colorado

Wonderland Lake Trail Boulder Colorado

The Wonderland Lake neighborhood is located in the Boulder Valley School District.  Schools for Wonderland Lake include:

Foothill Elementary
Centennial Middle
Boulder High School

Wonderland Lake Home For Rent Boulder Colorado

A typical Wonderland Lake Home For Rent in Boulder Colorado

The following rental properties in Wonderland Lake showcase the type of properties that have been available for rent in Wonderland lake.

Updated Home For Rent in Wonderland Lake

Modern Home For Rent in Wonderland Lake

New Townhome For Rent Near Wonderland Lake

If you are looking for homes for rent in Wonderland Lake Boulder Colorado call our local Housing Helpers Boulder office, our rental specialists are available six days per week to answer your questions.  303.545.6000.

If you have a home for rent in the Wonderland Lake neighborhood we can help you rent it.  Housing Helpers in Boulder has been renting homes in the Wonderland Lake area for over 28 years and we can help you rent your home.

Contact our property listing manager at 303.545.6000 to list your home for rent today.

 

Colorado Real Estate Market Housing Helpers

Indicators that Could Signal a Boost in the Real Estate Market

It’s no secret that the real estate market has slowly recovered from the financial crisis of 2007 and 2008. Between the inability of would-be home buyers to save for an adequate down payment, and the higher qualification standards for mortgages, many first-time buyers have been priced out of the market. Talk about being between a rock and a hard place.

The Rock

There were a number of factors that led to people’s inability to save for an adequate down payment. Most significant was an unemployment rate in the high single digits (7.5% or higher) for four-and-a-half years (January, 2009 thru June, 2013). Add to that increasing rents and higher student loan debt, and you get a decline in first-time home buyers from 47% in 2009 to just 33% this year.

The Hard Place

As if the rock wasn’t bad enough, the Federal Government enacted sweeping reforms to the mortgage lending industry in response to the underlying cause of the financial crisis – sub-prime mortgages and related securities. Many argue that they overcompensated. But that’s a topic for another day. Suffice it to say that a lot of people, even those who actually could afford mortgages, were frozen out of the housing market because they couldn’t qualify for a loan under the revised standards.

Better Days Ahead

It’s beginning to look like there are better days ahead. The space between the rock and hard place that would-be home buyers have been squeezed between over the past five years is beginning to open up.

Since July, 2009 the unemployment rate has been on a downward trajectory through the mid single digits (between 5.0% and 7.5%). In addition to that, inflation has been below 3% two of the last six years, below 2% four of the last six years, and is on track to be below 2% for 2014. So, with more and more people working and inflation tracking very low, people are better able to save.

But the good news doesn’t end there. There are signs to indicate that qualifying for a mortgage is going to start getting a little bit easier. In a speech delivered by Mel Watt, Director of the Federal Housing Finance Agency, to the annual conference of The Mortgage Bankers Association, he signaled that they could loosen their mortgage underwriting standards, and that Fannie Mae and Freddie Mac will still purchase the loans, without much recourse if the loans turn sour.

This is all good news for home buyers in general, and first-time home buyers in particular because it opens up the real estate market to them. As a result, we should begin to see an increase in the percentage of first timers.