Tag Archives: Boulder Housing Market

Fall Pre Leasing in Boulder

Top Reasons Boulder Rentals Remain Hot

Boulder rental properties have always been popular, including the surrounding area of Boulder County.  During the economic turmoil of the last decade, many people lost their homes to foreclosure and were forced to rent. This pushed thousands of homeowners in to the rental market.

However, as the real estate market has recovered rentals are still in high demand.  In fact rentals in Boulder County are in more demand than ever.  Here are a few reasons why:

The 2013 Floods

The floods that swept through 17 counties in the fall of 2013 damaged or destroyed over 20,000 homes, many of those in Boulder County.  That devastation forced many long time Boulder area home owners into the rental market.  A good percentage of those homeowners remain in the rental market as they were unable or unwilling to rebuild.

The Department of Local Affairs Division of Housing working with the Colorado Housing and Finance Authority has announced over $30 million in federal and state funding that will be used to assist more than 950 people who are still seeking permanent housing after the flood.  As a result 1,035 new affordable rental units will be constructed in several communities including Longmont, Louisville, Fort Collins and others.

Population Growth

Census estimates show a population growth in Boulder County of 6.4% since 2010. Colorado as a whole is at 6.5%. Those may not sound like big numbers. However, to put that in perspective, only 3 states, plus the District of Columbia, grew more during that same period. New residents are more likely to find rentals than to purchase a home before getting to know the area.

Front Range Real Estate Bubble

The real estate market in Colorado as a whole is active and vibrant. There is a shortage of affordable houses on the market even for qualified buyers. The Boulder area, especially, has been experiencing activity not seen in years.

There is a shortage of homes and available houses are being sold at higher prices, many above appraised value. Driving the property values up leaves many otherwise qualified buyers moving to rentals until prices come back down to Earth.
People from across the country are being attracted to the Boulder area for many reasons. The existing residents are sticking around, despite recent hardships.  And as we look ahead to the summer of 2015, there is no indication that the Boulder rental market will be slowing down anytime soon.

 

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 Colorado Arapahoe Street Map

Boulder Colorado residents share vision for East Arapahoe

The City of Boulder is growing.  With thousands of new residents relocating to Boulder each year many of Boulder’s older neighborhoods are being redeveloped to house multiple new high density uses.  The east Arapahoe corridor is at the center of this movement.

Arapahoe Street runs east and west starting at the foothills, trailing through downtown Boulder,  continues east through the business district, and exits the city of Boulder at the east end into the bordering city of Lafayette Colorado.

A staggering 40 percent of the workforce in Boulder works along the East Arapahoe corridor, a recent article from the Boulder Daily Camera stated. Some of the city’s largest employers are there, including the Boulder Community Hospital’s Arapahoe Campus..

Now the city is asking residents to participate in deciding how the corridor will look in the future.

At a July public meeting, Boulder officials and urban planners told residents that it was important for them to have a say in the Envision East Arapahoe project, which will integrate land use concepts, transportation connectivity, and other community-led elements. Already, the Colorado Department of Transportation and RTD are taking a look at the transportation aspects of a plan for East Arapahoe. RTD is considering arterial bus rapid transit lines to the area, the article stated.

Boulder Colorado residents’ comments at the meeting ranged from wanting high density rental properties to wanting greater segmentation of land planned for apartments and land planned for businesses. Some residents asked that the area be more bike and pedestrian-friendly while others asked that the roads not be widened to more than four lanes.

One resident, who lives in unincorporated Boulder County stated that she wanted to see the opinions from country residents sought the same as the city residents’ opinions are.  An additional public meeting is planned for October, and adoption of a final plan might happen before years’ end.

Choices are a great thing. Part of Housing Helpers’ job when working with individuals and families who are planning a relocation to Boulder Colorado is listening to what their desires are and giving them multiple options that can best meet those desires. Boulder is deciding what its future is going to look like. You can too. We can help. For more information, contact us.

 

Boulder Relocation Services      Boulder Corporate Housing

Boulder Real Estate Agents      Boulder Rental Properties 

 

Fall Preleasing Boulder Colorado

Boulder Housing Market Stays Rock Solid

According to recent surveys of housing prices and ratings by national housing market experts, Boulder Colorado continues to be a great place to live.

Since the heart of the 2008 recession, the housing market of the Boulder and Denver metro areas have fared very well compared to many of the moribund housing markets throughout the nation.

In 2012, the National Association of Home Builders named Boulder in its top ten list of housing markets, while Bloomberg Businessweek reported in 2009 that, despite the housing crash, Boulder Colorado was one of the “strongest housing markets” in the United States. The report listed multiple reasons for this ranking, including the town’s limitations on development – known as “controlled growth” – and its acquisition of “50,000 acres of open space for a greenbelt that surrounds the town.” The report also highlighted the importance of the proximity of the University of Colorado as a job incubator and a ready source of tenants “for the area’s many rental homes.”

The breathtaking beauty and cultural richness of Boulder, situated under the Rocky Mountains, cannot help but enhance its appeal to potential home-buyers. The area is teeming with points of interest – from majestic state parks, like the Flagstaff Mountain and Eldorado Canyon, to unique museums, like the Leanin’ Tree Museum of Western Art and the National Center for Atmospheric Research. Boulder is also a center for the arts and sports, as its famous Shakespeare Festival and world-class sports stadium – Folsom Field – attest.

Recently named one of the top ten housing markets in 2013 by Money Morning, nearby Denver is also a hot market, with home prices rising steadily in the early months of this year.  Some market-watchers believe that the continued rise in housing prices in markets like Boulder and Denver may signal a general upswing in consumer confidence in the overall economy, especially in home values.

Money Morning’s Financial journalist Ben Gersten reports on an all-time level of optimism nationwide, “[a] new …national survey found 37% of homeowners believe the value of their home will increase in the next year – the highest since September 2008….”

With “[a] growing belief that the housing recovery is for real” taking hold across the country, Boulder and Denver continue to lead the pack of most appealing markets in which to buy, sell or rent a home.

Contact Housing Helpers and let us serve your real estate needs in the Boulder and Denver areas.

By at .