Tag Archives: Broomfield Real Estate Market

Broomfield Colorado 9th Fastest Growing City in U.S.

Broomfield Colorado is experiencing a growth spurt.  Residents are moving to the Colorado front range suburb in record numbers.

Technically it’s own County, Broomfield Colorado has long been known for its centerpiece Interlocken Advanced Technology Business Park. featuring such company headquarters as;  Vail Resorts, MWH, Level 3 Communications, Staples, Brocade, Oracle, White Wave Foods, and Ball Corporation.

But residents are being drawn to Broomfield for so much more.  New and varied housing stock  including new luxury apartments in Broomfield, new single family housing developments, golf courses, shopping centers, the First Bank Center -events, concerts, and more.  And of course the Flatirons Crossing Mall is located in Broomfield.

According to the U.S. Census Bureau estimates released for the time period of July 1, 2014 through July 1, 2015, Broomfield posted a 5.2 percent growth rate for a population of 65,065 – up from 62,138.  The bureau measures growth of cities with a population of 50,000 residents or more.

If you are considering a move to Broomfield Colorado, Housing Helpers has you covered.   We have local relocation specialists on the ground in Broomfield that can help with your rental search including a Broomfield Apartment Finder service, as well as a large inventory of Broomfield Corporate Housing, and a team of seasoned expert Broomfield Real Estate Agents.   Simply call our office at 303-545-6000 or complete the quick request form on this page.

 

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Homes for Sale in Broomfield Between $200,000 – $300,000
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Homes for Sale in Broomfield Between $1,750,000 – $2,000,000
Homes for Sale in Broomfield Between $2,000,000 – $2,495,000

 

 

Millennial Impact on the Real Estate Market

As the years pass a new generation of home buyers rise. Yes, members of the millennial generation have been buying houses for several years now, but now the vast majority of the generation has hit their 20’s, and so the number of home buyers will increase dramatically.

Lucy Mueller shares the words of Nela Richardson, the chief economist for Redfin, in her article “Why Millennials Are Better At Home Buying Than You”:

“Millennials will have a huge impact on the housing market for the next decade, just because of demographics alone. So whatever a few of them do, there’s enough of them that they’ll make a big impact.”

With this rising generation of home buyers, a change in the home buying dynamics is inevitable. This includes the relationship between buyers and their real estate agents and realtors.

Generation of the Techies

The millennial generation is technologically savvy and it shows in their house buying. This generation prefers text messaging and emails to phone calls and face to face interactions, and considers the internet an all-knowing source. This generation of buyers will undoubtedly do the bulk of their shopping via online Realtor websites, perusing inside and outside photos before ever setting up an appointment with an agent to see the house.

Generation of the Housing Crash

This generation also watched the housing market crash and the economy fall. A trust has been lost or at the very least shaken, particularly with financial lending institutions. Alan J. Heavens shares in his article “On the House: Millennial buyers are few, dependent on Realtors”:

ClosingCorp of San Diego, which provides residential real estate closing-cost data and technology for the mortgage and real estate services industries, found in a survey that two-thirds of the 1,000 millennials it surveyed were unaware that closing costs were involved in buying a house. If a millennial does know anything about closing costs, he or she finds out by talking to a real estate agent rather than a lender, the survey showed.

The millennial generation is looking more to real estate agents and realtors than previous generations for knowledge of the ins and outs of house buying.

The next decade will see what other changes may take place as the millennial’s flood the housing market with buying their first and second home

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Broomfield Colorado Task Force to Search for Affordable Housing Opportunities

According to a report from the Broomfield Enterprise, while the city has seen a housing boom in recent years, particularly with apartment rentals, what it’s lacking is affordable housing for low income, homeless, and at-risk residents of Broomfield Colorado.

44 members of the Broomfield community met in February to discuss the issue and begun forming the new Affordable Housing Task Force, with the hope of bringing together local governments, businesses, nonprofits, and the faith community.

The typical measurement of housing affordability is if the cost of renting the home is no more than thirty percent of the family’s monthly income, the report noted. However, the average two-bedroom apartment in Broomfield Colorado rents for $1,480. This means that the family who lives in that apartment home would have to make at least $4,900 a month in order to afford to live there.

Though there are a number of options in the city to help people with their rent and other housing costs such as utilities, including federal and local programs, there aren’t enough options for transitional housing for those who are just getting back on their feet, the article noted. In spite of the addition of new housing developments in the years since the 2012 report that the city got its housing figures was published, there have not been additions of affordable or transitional units.

Currently, the process of whittling the task group down from the 44 Broomfield residents who attended the meeting to a group of seven to ten, with the option of calling in additional people with specific expertise to help the group find or create the affordable housing opportunities. It is unclear how long it will be necessary for the task force to continue meeting.

If you’re interested in living in the city of Broomfield Colorado, we can help you to find an apartment or home that you can afford in a neighborhood you’ll love.  Contact us to get started today. 303.545.6000

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Broomfield Colorado leaders vision new downtown

Broomfield Colorado doesn’t want a traditional looking downtown. According to a report from the Boulder Daily Camera, the city’s leaders are, instead, seeking proposals from developers who share their vision of what the space should look like: a gathering space that includes recreation opportunities, housing, and shops into a park-like area that reflects Broomfield’s sense of community.

Broomfield never had a downtown area that the city developed around. The planned 61-acre Civic Center project calls for such an area to include existing buildings and apartment homes, as well as bike and pedestrian trails near city hall, the library and the auditorium, as well as upgrades to the Community Park pond, the report stated.

Currently, buildings occupy about 15 of the 61 acres of the Civic Center area, with the rest consisting of parks, undeveloped land, and the Brunner Reservoir. According to the plan, about 9.8 acres of the undeveloped land will be used for new commercial buildings as well as 60 to 70 apartment units. 40 percent of the land will be reserved for open space.

City leaders say that the intention for designing the Civic Center like this is to provide plenty of room for activities and entertainment. They envision providing a place where a family can go and spend half the day enjoying their time together, the report stated. The city’s longterm goal is actually to develop several dowtown-like areas to be utilized and appreciated by residents as Broomfield Colorado continues to grow.

Are you looking to live in a nontraditional community? Broomfield Colorado might be just what you’re after. Whether you’re coming here for work or a change of pace, let Housing Helpers assist you in finding the home of your dreams. For more information, contact us 303.545.6000

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Broomfield company Aircell doubles its space and continues to hire

The Boulder Daily Camera recently reported that Gogo Inc. has received approval of tenant permits from Broomfield for its new office space for its Aircell operations. At over 112,000 square feet, the space nearly doubles the current Aircell office space, which is in two facilities.

According to a spokesperson for the company’s Business Aviation Division, which has more than 200 employees, the demand for broadband services on business and commercial aircraft is creating job growth in every department. The company now has more than 7,000 communication systems on business aircraft. There are about 20,000 business aircraft in North America and more internationally, the article stated.

The company has also seen growth with the recent launches of in-flight entertainment, text and call services for business aircraft via its Gogo Vision and Gogo Talk & Text, the article noted. In the future, the company plans to offer in-flight texting services for commercial aircraft.

Last year, Broomfield provided the company with more than $222,000 in tax incentives, over the next ten years, to keep its business in the city. Aircell will move into its new office space in August or September, according to the article.

Broomfield Colorado offers a rich business climate and a city willing to do what it takes to attract business which draws more new residents to the Broomfield area. If you’re planning to move to the Broomfield area, Housing Helpers can help. Whether you’re looking for a rental home or a home to buy, our extensive knowledge of the area and our passion for helping Colorado’s newest residents settle in will help you get to the place you want to be.

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Considering a move to Broomfield Colorado?

For the past few years it has seemed like everyone is moving to Broomfield, Colorado. The city’s population nearly doubled between 2000 and today, and it currently numbers just under 50,000. The average age is 36.9 years and a little more than 25 percent of the local population is under age 19.

So if you’re thinking that means young families are moving to Broomfield, you’d be right.

What’s bringing them to Broomfield?

A location that’s an easy commute to both Denver and Boulder is certainly a selling point, but beyond the convenience there is basic economic sense.

Broomfield offers value for money—even in a strong local residential market in which 98 percent of single-family homes are selling at or above their asking price.

Property taxes are among the lowest in the region. The average annual property tax for a single-family residence was $672 in 2012. And the property tax mill levy has not increased since 2001, when Broomfield became a combined city and county. Retail sales tax revenues (which topped $46 million in 2012) help keep the numbers in line.

What’s keeping them in Broomfield?

Broomfield and the surrounding area offer tremendous opportunity for employers and employees in the high tech, computer and telecommunications industries. Major area employers include Level 3 Communications, Hunter Douglas, Oracle, Brocade Communications Systems, Ball Corporation, Sandoz, MWH Global, Gaiam, Vail Resorts, SCL Health Systems, and Vail Resorts

Pharmaceuticals and healthcare are also key industries here. And let’s not forget that this is Colorado—a magnet for anyone pursuing a healthy, outdoor lifestyle—so you’ll find companies large and small working on green technology and natural and environmentally friendly products and services.

What’s coming next?

Broomfield’s population growth is bound to taper off. Projections are for an increase of about 12 percent during the next five years, which is healthy and positive. The city is planning accordingly.

Throughout its history Broomfield has always been a community with a plan. It started as a farming community and it’s named for the acres and acres of broomcorn that once grew there. (Broomcorn is used to make the natural bristles of whisk brooms. It thrives in places such as Colorado, where the summers are warm and dry.)

In addition to housing developments, such as the new Anthem master-planned residential community, Broomfield’s next big plan is for a 9.8-acre mixed use activity center on Main Street and First Avenue, adjacent to the Mamie Doud Eisenhower Library, that will include retail and restaurants, parks and public spaces, residential townhomes /low-rise buildings and commercial property. A request for development proposals was issued in mid-November and bids are due in January.

Another exciting plan in the works involves the 66 acres in the North Park mixed-use community in northern Broomfield where University of Colorado Health (UCHealth) plans to build a medical campus.

In typical Colorado fashion, everything is thoughtfully planned to be gentle on the environment, to retain and preserve extensive areas for outdoor recreation, and to encourage the active lifestyle for which the state is famous.

If your plans include a move to the area, contact us to talk about Broomfield and what it can offer you.

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Anthem Broomfield could be the best neighborhood in Colorado

Homes in Anthem Highlands and Anthem Ranch in Broomfield Colorado offer a great setting that many are flocking too.  Beautiful homes in Anthem Broomfield are just part of the story, get the inside scoop on one of the most popular neighborhoods in Colorado.

The Anthem Ranch community center

Located in Broomfield Colorado near highway 7 and I-25, Anthem Broomfield is a state of the art community is at the top of every homeowners list when looking for a new home.  The location is perfect for those that commute to Broomfield, Boulder, or even Denver.  Soon to come is the University of Colorado Medical Campus, and the North Park development which many are calling the “tech center of the North”.  Anthem Ranch, a 55 and older community is across the way from Anthem Highlands.  Many families choose to have their 55 or better parents in Anthem Ranch while they live in Anthem Highlands.

What is different about Anthem Highlands and why do you want to live there?  Parkside Community Center (PCC) is the neighborhood recreation center and has all of the amenities that you could ever ask for.  You’re buying a lifestyle when you buy in Anthem, not just a house.  Full court indoor and outdoor basketball, sand volleyball, lap pool, several parks and playgrounds, 48 miles of trails, children’s pool with 2 water slides, a fitness area where each piece of cardio equipment has its own television, weight room, party rooms, children’s play areas (with babysitters).  You name it, PCC has it.  Parkside even has a full time staff that coordinates activities and classes, for the neighborhood adults and children.  Here is the best part!  One of the many activities is a week long summer event called Battle of the Blocks.  BOTB is a competition between blocks within the entire neighborhood.  Swimming events, basketball shooting contest, relay races, tug of war, and of course the weekend wraps up all of the activities with events happening all day with prizes at the end.  It is fun for the entire family and people are amazed when we tell them about it.  Check out the video from last year.  http://www.youtube.com/watch?feature=player_embedded&v=RvRJuyZn04k

Every Sunday there is a group of Anthem neighbors that get together for Sunday Family Dinner sometimes at each other’s house, one of the many parks, or even a local restaurant like The Lazy Dog so that the kids can play and the adults can too.  Startup kickball games and bocce ball tournaments happen as neighbors walk by the many trails.  When you live in Anthem, whether you purchase a home or rent a home in Anthem Broomfield,  you’ll get a real community feeling with great people for your neighbors.

The schools in Anthem are great too!  In the neighborhood is the brand new Prospect Ridge Academy Charter school or PRA.  PRA is based on the same principles that Peak to Peak Academy was founded on and in its short life has risen to great success and is a top priority for many families to get in.  PRA is part of the larger school district of Adams Twelve. The Adams Twelve School District offers many other top ranking schools, according to www.greatschools.net and the kids love attending!  Anthem kids not only attend PRA, but also Coyote Ridge Elementary School, Meridian Elementary School, Rocky Top Middle School, and Legacy High School.  There is a plot of land within Anthem that is slated to have its own elementary school, so we look forward to that in our future.

A typical home in Anthem Broomfield

Home prices in Anthem Broomfield have quickly risen.  Even during the times when things weren’t looking good in other parts of Colorado, Anthem owners were in a good place as far as being able to sell their homes. Now, in 2013 the properties are selling within days of getting listed.  There are new homes being built and those are even selling quickly.  Rental Homes in Anthem are rare, but when there is one, they go very quickly.  There is no other place that you can get the quality of home, size of home, neighborhood, and amenities for prices starting in the $400’s in Colorado.  If you are lucky enough to buy a home in Anthem, you are sure to not only be happy with your decision, but feel confident that you made a wise investment.

For more information on homes in Anthem Broomfield contact our Broomfield Real Estate Agents

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