Tag Archives: Boulder Home Prices

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

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

 

 

Boulder County Floods September 2013

Will Colorado floods affect property values?

The September floods in Colorado are, by many accounts, the worst case scenario. These conditions are the sort that cities consider in the creation of new flood plans. Without a doubt, the floods will change the lives and the way of life for many Coloradans. But will they have an adverse impact on property values in Colorado?

At our Housing Helpers Boulder office we are already getting this question from homeowners, prospective home buyers, and landlords alike.   Boulder Colorado, a place historically where property values have managed to stay relatively insulated from economic recessions, stock market crashes, terrorist attacks, and more.  Could the floods of epic proportions be the event that actually bring Boulder’s property values down?  According to a study found on the City of Boulder’s website, maybe they will. Maybe they won’t.

The study, published by Stephen Yao of Risk Frontiers – NHRC and Macquarie University, whether a property’s situation in a floodplain impacts its values or not depends on the premium placed on waterfront properties in the area. Some waterfronts are so in demand that owners are willing to take the risk of the 100 year flood in order to have the views and the conveniences of living close to the water.

Whether or not property values decline after a flood has taken place also vary from study to study and region to region. One point emerges from the various results, however. Being located in an area where a flood has occurred is more likely to impact property values than being located in a floodplain. How long adverse impacts of flooding on property values last depends on how extensive the damage was.

As Boulder and the region recover from the floods over the next days, weeks and months, the impact of this month’s events on the real estate market are uncertain.

Those of us in the industry will most certainly be paying attention to the situation, because the people we serve are relying on our experience in the area and our knowledge to make important decisions regarding the buying and selling of properties in the area.

More importantly for now we are simply focused on helping our neighbors, friends, and family to clean up and restore their lives to normalcy as much as possible.  For many of us it will be months, if not years, before the reminders of this epic event will be erased.

Boulder Temporary Housing      Rentals in Boulder

Fall Preleasing Boulder Colorado

Boulder Home Prices

Boulder Colorado’s improving economy, mountain landscapes, and over 300 days of sunshine continue to attract home buyers and renters. In the year ending June 2013, Boulder home prices have risen by 8.5 percent to $454,600, according to Zillow. This amount consists of the median estimated value of all properties in the city, including those that are on sale and those not on the market.

  • The median list price is $519,000, up 5.2 percent. The median sale price is $457,900, up 6.7 percent.
  • East Chautauqua boasts the highest home values of $799.500, up 7 percent. The greatest increase goes to University Hill at 14.8 percent to $549,600.
  • The least expensive values are in Keewaydin at $209,800. The lowest increase is the 1.8 percent of East Aurora to $319,900.
  • The median monthly rent in Boulder runs $1,600, up 6 percent from a year ago. The increasing price is forcing many people to put their money into a home rather than spend it on rent. Just under 50 percent of residents are homeowners, compared to over 66 percent for the United States.

About 62 percent of the homes in Boulder consist of single-family homes.

  • Over 22 percent of homes consist of 1,000 square feet or less. Over 20 percent are between 1,000 and 1,400 sq. ft. and almost 19 percent are between 1,800 and 2,300 square feet.
  • Over 40 percent of homes were built from 1960 to 1979, with 27 percent from 1980 to 1999 and almost 14 percent from 1940 to 1959. Only 9 percent of the homes were constructed in the 21st century.
  • The median home size runs 1,598 square feet, with the average one being built in 1971. Property taxes run $2,910 per year.

If you’re interested in learning more about the trends in Boulder home prices or getting into the Boulder housing market as a buyer or a renter, please contact us at Housing Helpers Boulder.

Boulder Apartment For Rent    Boulder Homes For Sale      Boulder Real Estate Agents

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