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Boulder Real Estate Trends

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New Listings were down 0.7 percent for single family homes but increased 32.1 percent for townhouse-condo properties. Pending Sales landed at 242 for single family homes and 110 for townhouse-condo properties.  The Median Sales Price was up 1.7 percent to $540,250 for single family homes and 2.2 percent to $350,000 for townhouse-condo properties. Days on Market decreased 1.6 percent for …

“Real Estate News Means For Sale And Headlines” by Stuart Miles at FreeDigitalPhotos.net

North Metro Denver Real Estate News

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Worst Day For Mortgage Rates in Over 3 Years Mortgage Rates skyrocketed today, relative to their average range of movement. It was the single biggest move higher since the days of the taper tantrum in mid-2013. Virtually all lenders are quoting conventional 30yr fixed rates that are at least an eighth of a point higher versus yesterday. Over the past …

“Real Estate News Means For Sale And Headlines” by Stuart Miles at FreeDigitalPhotos.net

North Metro Denver Real Estate News

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The Most, Least Affordable Markets Right Now Home price appreciation offset low mortgage rates, bringing housing affordability slightly lower in the third quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunities Index. Read Article – Realtor.org Boulder County apartment vacancy rates rise Landlords predict rent decreases may come soon The tide might be turning in Boulder’s crazy …

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State of Colorado Real Estate Snapshot

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Year to year averages for the month of October: Total Market (Single family and Condos) Median Sales prices increased 10.5% to $315,000 while the average price was $381,298 , which was also up 7.8%.  The list to sale price ration was 98.9%, while the days on market was 53, down 11.7%. Demand remained static with total sales (YTD) at 95,439 …

Mike Gold, Realtor

Mike Gold’s real estate reads

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This weeks reads for North Metro Denver Real Estate Market Wondering why the North Metro Denver area has a lack of supply? This sheds some light. “We are at full capacity as to what we can build,” said Michael Gifford, president and CEO of the Associated General Contractors of Colorado. “We could do a lot more construction, but we have a limiting …

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North Metro Denver Real Estate Update

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Supply and Demand The market is holding steady with only a small drop year to year for amount of units for sale (supply) and small uptick in units sold (demand).  Note non of these changes have had any effect on price.  Should the upward trend in sales relative to sold  units continue, expect prices to resume an upward climb in …

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Should I Rent or Buy a Home?

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Choosing whether to rent or own a home is not an easy decision. It requires you to carefully examine the factors and costs associated with each option. Which is better? That depends. Your unique economic situation, lifestyle and goals play the largest part in deciding what is better for you. It’s important to go into your calculations with open eyes. …