Market Reports

Found 25 blog entries about Market Reports.

By Cory Nickerson, LRA Associate Broker

By all general appearances, 2017 seems to be shaping up as another good year for those who sold homes, however, it may be brightening for buyers as well.  According to the Colorado Association of REALTORS® (CAR), "Colorado’s low inventory has caused frustration and a limitation on housing market growth. Luckily, statistics show a major increase for residential building in areas across Colorado."

Let's take a look at recent statistics for some of the East Boulder County towns we follow and see what has been happening since the selling season has slowed down. We typically see a slow down in inventory available and buyers who are serious after Labor Day. Now that we have almost a full year of data under our

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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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By Rob Kelly, LRA Owner & Managing Broker

After months upon months of repeating myself that we are still in a seller's market in Boulder County, the tide may be turning. But don't expect prices to come crashing down, as this market continues to experience fairly high demand coupled with low inventory. However, we are seeing some prices are nudging downward a bit.  

In this week's blog, LRA has market reports for the four East Boulder County towns of Louisville, Superior, Lafayette and Erie, highlighting current inventory, average list prices and other market data for the past 90 days ending August 9, 2017. View the full details of this report highlighting key metrics here, courtesy of ColoProperties (Boulder Area Multiple Listing Service or MLS).

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By Cory Nickerson, LRA Broker Associate

"What is my home worth?"  This is by far the most popular question home owners will ask when when considering putting one's home on the market. That said, let's break down the process to help understand how to determine the difference between assessed, appraised and fair market values of a property and how they affect you as a home owner. 

Assessed (Actual) Value - In Colorado real estate property value assessment is conducted county by county. The Property Assessors Office for Boulder County appraises every residential property value in the entire county every two years and determines what is termed "Actual Value". County appraisers use algorithms, neighborhood sales and apply the assessed rate, which is

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By Rob Kelly, LRA Owner & Managing Broker

Dear Buyers, I'm sorry to say it again, but this is still a Seller's market in Boulder County.  It continues to be a simple case of too little supply and too great of demand as our market still experiences historically low inventory.  If you are left brain inclined and interested in the statistics for our greater Boulder Colorado area, check out this table that listing the sales inventory month by month here, courtesy of ColoProperties (Multiple Listing Service or MLS). If you would like to hear a story about some buyers in 2016 and where they are today, please read on.

You may remember hearing about folks, whom you may have thought paid too much for their homes last year? They actually gained anywhere

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By Cory Nickerson, LRA Associate Broker

I have been reading a lot lately about how our generation of millennials is currently the largest population in our country. By far.

Nationally, the US Census Bureau reports that the number of millennials (born from 1980 to 2000) totals 83.1 million, representing more than a quarter of the nation's population. Baby Boomers represent 75.4 million. Additionally, millennials are more ethnically diverse, with 44.2 percent being part of a minority race or ethnic group.

Since millennials are starting to buy homes, experts believe they will have a significant impact in shaping the future of our housing market.  In case you did not know, this group has values unlike many recent generations, which include things

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By Cory Nickerson, LRA Associate Broker

2016 was another good year for home owners! According to Zillow, home values in Colorado have increased 10.3% over the past year and it appears that 2017 will bring some more of the same with home values expected to increase by over 4%, particularly in Boulder County.  Real estate expert and author, Gord Collins, provides us with a short list of positive factors that will affect the housing market 2017 and beyond including the following:

  • Moderately rising mortgage rates
  • Low risk of a housing crash for most cities
  • Millennials buyers coming into their main home buying years
  • A trend to government deregulation
  • Labor shortages pushing up costs of production
  • Donald Trump and his “drain the swamp”
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By Rob Kelly, LRA Owner & Managing Broker

Can you guess what the towns of Sitka, Alaska, Sebastopol, California and Louisville, Colorado have in common? These charming towns are all members of the recently published list of  "2016 Ten Best Small Towns" by Livability.com". In case you are wondering, Traverse City, Michigan was named #1 this year.

For those of us who have lived here awhile, and of course for the Louisville residents born, bred and raised here, this is not  a surprising news alert. We just have to remember that for every award like this our town receives (and there have been a few) we can expect more interest from out of state folks who want to move to the area. 

According to Livability's survey, "Louisville is no stranger to our

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By Rob Kelly, LRA Owner & Managing Broker

As our towering Colorado trees make their autumnal transformation - shedding their dark green, luscious leaves in exchange for fewer leaves with golden hues - I am reminded of the changes to the real estate market this time each year. Soon after the school year kicks off - in late August or early September - a trend emerges with fewer homes on the market. In general, this trend matches a fewer number of buyers searching for homes, as they typically they have already settled into their new homes in the previous spring and summer months.  

Every week real estate professionals at LRA review the market inventory and pay attention to trends in prices and days on market, for example. Each quarter, we publish a

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By Rob Kelly, LRA Owner & Managing Broker

In a hot market like the one Boulder County continues to experience, it can be tempting, as a prospective home buyer, to slice, dice and dissect housing market statistics. After all, there is an abundance of variables to study to help a home buyer make the best next move in the real estate market.  But sometimes, and sadly, we real estate agents witness prospective home buyers conducting far too much analyzing.  We call this Analysis Paralysis or the state of over thinking a situation or decision up to the point that no action is ever taken.  

For many prospective home buyers, the decision making process can easily be an overwhelming task. And we get it. Certainly there are several factors to consider

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