Boulder Real Estate on Left
Forbes Magazine says. As the economy seems to unravel around us these cities are bucking the trend as the top 25 Recession-Proof Cities. Bullet proof as it were. These are the 25 metro areas in the U.S. leading the bull market in real estate. Also Q2 stats are out about the Boulder area in the governmental websites that I track which substantiates what Forbes is saying. The bottom (in Boulder at least) is over, done, finished, adios. What does this mean? It means we will continue to see more and more multiple offers, higher prices and competitive bidding for Boulder real estate and Boulder luxury real estate. The statistics for the increase in home prices for this story come from Zillow. While I vehemently dislike Zillow as a tool to figure out what your home is worth (they are extremely inaccurate 98% of the time-up or down) they do a good job of tracking price changes in the market. For this list, Zillow poured through home and real estate price data for 499 metro areas, reviewing values for homes both on and off the market using list prices, final sale prices, tax records, and property histories. Three markets in our great state of Colorado made it on to the Forbes 25 Recession Proof list; Boulder, Fort Collins and Pueblo. According to Zillow; Boulder real estate Second Quarter 2011 Price Increase: 1.6% First Quarter 2011 Price Increase: 0.5% Price Plunge Since Peak: 6.7% decline. According to the government website Second Quarter increase: .12% at least Zillow is going in the right direction. Read the entire story in Forbes.
Michael is a longtime resident of Boulder and has been with Sotheby’s International Realty since their inception in Boulder County and along the front range. If you have questions regarding this article or would like information about Boulder real estate or Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes is a Certified Negotiation Expert and full time Realtor at Fuller Sotheby’s International Realty in Boulder, CO.
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Posted by Michael Hughes
Sales of million-dollar homes and condos grew an average of 18.6% according to DataQuick in 2010. This is after several years of decline. With the Wall Street recovery people start feeling replete with cash again and the stock values have nearly doubled since the lows of 2009. When financial security increases people start buying homes and there are bargains to be had. As confidence soars million dollar homes sell. Boulder luxury real estate continues its’ bounce back.
In some areas home prices are increasing. There is a rebound underway and I am hopeful it will be sustainable and spread to other areas. In Boulder real estate between November and December 31st 2010 there were 39 homes above $761,000 that went under contract or sold. That is one every 42 hours! A good sign indeed. It does not necessarily mean good times are in store for the lower end remainder of the market. Always good to see any segment bounce back and it’s the middle of the market that would be the most beneficial.
The Boulder real estate market has been robust at many levels for buyers and I am starting to see a shortage of listings available at many bandwidths. Low supply, the same or a higher demand and you know what that means. To read the complete article go here.
If you have questions regarding this article or have any questions about Boulder or would like information about 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.
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