2011 Boulder Real Estate

Posted by Michael Hughes-Sotheby’s International Realty

2010 was a great year for me personally in Boulder real estate and I have much gratitude. I see many changes as I look into the future. 2011 is going to be better yet. Many possibilities and opportunities will come to pass in 2011.

• Jobs– Improvement was seen in 2010 in the housing market.  The improvement won’t be dramatic until we see pervasive job growth.  Housing prices will remain stable in Boulder.

• The “F” word or the “S” word – Foreclosures and Short Sales of course. Boulder has had a few of these, very few comparatively speaking. Short sales and foreclosures create excess supply, artificial low prices and provide downward pressure on pricing. There is very little “shadow market” in Boulder and this is great news.

• Robust Rental Market-this is great news for potential tenants and will see a saturation of cool rental properties, much to the chagrin of landlords.

• Interest Rates Will Increase– Interest rates are at nearly 50 year lows.  Rates will rise in the near future. If you don’t get a loan or refinance now, you will wonder why you didn’t take advantage of these rates a year from now and buy that Boulder luxury real estate.

• Buyers Become Commuters – Many buyers that work in Boulder are willing to buy outside the city and take up the commute.

• Housing Shortage – Population continues to increase. In Boulder County new housing starts are way down.  There is a continual rise in population in Boulder.  Something’s gotta give.  What this says to me is the builders will be caught with their pants down (except Markel who continues to build) and the shortfall of housing will result in fewer available housing choices on the market for buyers. This of course will happen over time.

• Did you Know? — Did you know that in Boulder last year between November and January 39 homes over $750K sold?! That is one home every 40 hours. I professionally have had the best year ever! I nurture and care for my clients. Call me today if you need help selling or buying Boulder real estate.

If you have questions regarding this article, have any questions about Boulder or Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO.