Blogs by Rob Kelly

Found 56 blog entries about Blogs by Rob Kelly.

by Robert Kelly, LRA Owner & Managing Broker

I don't mean to sound repetitive but in our seasonal outlook here, Louisville remains a hot seller's market, with very little inventory on hand for eager buyers. As the table below shows, the median list price increased from $699,000 in May 2018 to a whopping $739,000 in early August. Louisville's inventory increased a little as the spring months transitioned to summer, and currently sits at 55 homes, which is actually a decent increase from 43 homes in May. "Days on Market" (DOM) has remained stable at 60 days in early August, which includes time to close. However, a big move this summer has been that 45% of sellers were offering price reductions as of early August, up from 28% in early May 2018, and way

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by Robert Kelly, LRA Owner & Managing Broker

Louisville Realty Associates is proud to announce our repeat partnership with A Precious Child to host a "Fill A Backpack Drive" to collect backpacks and school supplies for Colorado kids in need.  Our drive runs through July 20, 2018 and needs your help!

There are more than 180,000 Colorado children living in poverty. Children living in poverty often lack the basic essentials critical to academic achievement. Please help us collect the items needed for school kids in need including: backpacks, large erasers, glue sticks, bottled glue, scissors, pens, crayons, markers, colored pencils, pencils, loose leaf paper, spiral notebooks and composition notebooks. For a full school supply list visit here. 

Logo for A Precious Child with young school children running through the halls of a school

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By Rob Kelly, LRA Owner & Managing Broker

Louisville, Colorado remains a hot seller's market, with very little inventory on hand for eager buyers who want in. The median list price of a single family home jumped from $625,000 in December 2017 to a whopping $699,000 in early May this year. Louisville's inventory did not change much from the dead of winter to early spring and currently sits at 43 homes for sale, which is actually only a slight increase from 39 homes in December 2017. 

Some of the metrics we pay attention to include "Days on Market" (DOM), which for Louisville decreased greatly from 86 days in December 2017 to 59 days in early May 2018, which includes time to close the transaction, so it is not a true reflection of how long a home

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By Rob Kelly, LRA Owner & Managing Broker

It is about this time of year that Louisville really starts to wake up. The outdoor seating on Main Street is open filled with residents and visitors soaking in the Colorado sun. The colorful and fragrant flower boxes remind us spring has arrived. At LRA, our community events may be smaller scale than some other local businesses, but we design our events to be casual and inviting. We hope you will attend our May Art Walk coming up this week!

North view of Louisville's Main Street restaurants with umbrellas and flower boxes

This Friday, on May 4th, LRA will be proud to open our doors for First Friday's Art Walk and for the third year in a row, we will feature the amazing art work of Louisville Middle School art classes. We will deck our walls with a dozen pieces from the wonderful LMS

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by Rob Kelly, LRA Owner & Managing Broker 

Thanks to our state's rich and colorful history of ranching, farming and mining, coupled with a mild climate and burning desire to preserve our Colorado history, we are flush with older, well kept homes. In today's real estate market, many home buyers find these homes quite desirable.  One does not have to look too far from LRA's own office in Old Town Louisville to see the charm of miner's cabins, some which date as far back at the 1890s.  

Some of these vintage homes have been elegantly remodeled and some still appear to have much of their original home in tact. When we preview older homes in Old Town Louisville, Superior, Lafayette or Boulder, we often notice that such homes sell for 25% to 50%

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by Rob Kelly, LRA Owner & Managing Broker 

Are you one of the more than 1.3 million students graduating from college or secondary education with debt? The numbers of students over burdened with student debt seem to be keeping pace with the rapid rise of tuition and the other expenses.  According to the Institute of College Access and Success, "Graduates with student loan debt is up from 1.1 million in 2008 and 0.9 million in 2004. In 2012, 66% of graduates from public colleges had student loans and 75% of graduates from private nonprofit colleges had student loans."  

Since we are diving into the statistics, here's another sobering fact. According to a 2017 survey from the National Association of REALTORs (NAR), "Eighty percent of millennials

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by Rob Kelly, LRA Owner/Managing Broker

In my final LRA blog post of 2017, I would like to thank those who have helped us get established in our first three years and also to recap LRA's activities in and around our beloved town of Louisville, Colorado.

We have met and worked with dozens of wonderful clients, who run the spectrum from selling a stunning Chautauqua home to a Rock Creek family ready to downsize from the only home they have ever known and move to the mountains.  We have represented a family who fell in love with a charming cottage in Old Town Louisville, we have helped soon-to-be retirees navigate the new construction experience, and of course, we enjoy guiding young couples through the first time home buyers experience. We do our

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by Rob Kelly, LRA Owner & Managing Broker 

Some of you who have known me awhile know that I spend a lot of time "off the grid". I love to hike and get up to the mountains with family and friends or often I just go with my dogs, Baxter and Lilly. Spending a lot of my time lost in the beauty of places like Ward and Nederland inspired me to write a blog bout what it would be like to own a piece of Colorado.  

I am often amazed at some of the listings for land that pop up on real estate websites such as LandsofAmerica.com, enticing me to either buy a piece of remarkable acreage or help a client to do so! According to what I see on REColorado,  2017 has shown us remarkable properties for sale. Thanks to REColorado for sharing the following stories,

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By Rob Kelly, LRA Owner & Managing Broker

In Colorado's current booming real estate market, we hear many stories about prospective home buyers submitting multiple offers to no avail, as well as an ongoing trend that many Denver and Boulder area listings (between approximately $300K and $700K) selling for over 100% of list price. Naturally this results in many frustrated buyers.

According to the Denver Post, "Colorado’s population in July 2016 was estimated by the Census Bureau to be 5.5 million, up 91,726 people or slightly less than 1.7 percent — the seventh-highest growth rate among states for that year. State demographers forecast that Colorado will add plenty of people through 2020, with its population nearing 6 million."

If you are one of

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By Rob Kelly, LRA Owner & Managing Broker

This may not surprise too many of our readers, but Denver has topped another real estate list. This time for "Gentrification". This term was first coined by British Sociologist, Ruth Glass, in 1963, to describe the events that were taking place in the City of London.  In 2001, The Brookings Institute defined gentrification as "The process by which higher income households displace lower income residents of a neighborhood, changing the essential character and flavor of the neighborhood."

Thanks to our high paying jobs and desirable environment gentrification is no stranger to the Front Range. We have been observing this trend in Denver, Colorado for the past few years (maybe even earlier).

According

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