Category Archives: Real Estate Investing

Boulder Real Estate-In Praise of Louisville

WINNER 2011 Top 100 rank: 1
Population: 18,400
Unemployment:6.3%Compare Louisville to Top 10 Best Places

The report highlights small towns across America with populations of 50,000 or less, high job opportunities, fiscal strength, excellent schools, safe streets, great health care, outdoor and cultural activities and 300 days of sunshine (great weather).

The writer says it is a “sunny lively mountain town”; it is not a mountain town. While the views are great of the front range, Louisville is mostly in a valley and is situated on the “plains.”  I agree with “crime rates are among the lowest in Colorado” and the town is “easy to navigate.”  Louisville boasts lots of good jobs in tech, telecom, aerospace, clean energy, alternative energy and health care and many companies are relocating to the area as happy workers are great workers. In addition there are  world-class mountain biking, hiking, and skiing nearby as well as in the close by Rockies. Housing prices are still lower than Boulder real estate and schools rank well and are in the top three academically. Not everyone wants to live in Louisville;  however given the Music Festival, the Farmers Market, Street Faire, the great little mom and pop restaurants that have been here some since the 50’s and Main St. Louisville, what’s not to like? Read Money Magazine article. Ps. Superior Colorado came in at 20/100!

Search the MLS for Louisville or surrounding area

Michael is a longtime resident of Boulder and one of (FSIR’s)Fuller Sotheby’s International Realty. If you have questions regarding this article, Louisville or Superior 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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Boulder Neighborhoods 103

Boulder Neighborhoods 103-An Introduction-Check out 101 and 102

Old North Boulder is bridled on the north by Iris and on the east by 19th St, on the south by Balsam and on the west by Broadway. Right in the thick of Boulder real estate without the Newlands price tag. Big trees, quiet, some views of the foothills, some scrapers and numerous renovations and still renovatable properties. Parks, Iris gardens, North Boulder Rec Center and the rather large community gardens all within walking/biking distance of Ideal Market, Vics Espresso, Rada,  Breadworks, Safeway, Buddha Thai Cuisine.

Schools in the area are Crestview Elementary, Foothill Elementary, Columbine Elementary and Casey Middle School

University Hill is bordered by University on the north border and some believe it actually goes to Arapahoe as the north border, Broadway is the eastern edge and 9th St as the western border and then to the south where it completes at Baseline. If you go further south you will start to discover Chautauqua Park. As you head west of Uni Hill it becomes slightly more tranquil. Building here started in the 1800’s up to the 1950’s. Many homes being restored to their former splendor. Some homes being scraped for newer construction. Near world class hiking, climbing, scenery and numerous cultural events being held at Chautauqua auditorium from classical to rhythm and blues. University Hill is tough to beat for a continuing strong investment with a highly desired location.

Schools in the area are Flatirons Elementary and Casey Middle.

Martin Acres is Boulders’ beloved triangle for Boulder real estate bordered by Table Mesa  on the south to Highway 36 Turnpike  to the East and Broadway to the West. What is often called affordable Boulder because you can still buy in for around $400,000.   Residents often gather to celebrate community events, pitch in and help each other with philanthropic projects or wave to one another while cycling on the Bear Creek Bike Path. Convenient, quiet and secluded neighborhood.  Surprisingly great views from many homes’ vantage point.  Shopping is nearby and if you commute to Denver or Golden or want to ski in any of the majors this is very convenient.

Schools in the area are Creekside Elementary and Manhattan Middle School.

South Boulder is considered Table Mesa to the North and Broadway to the east all the way up to the foothills. A large area with older homes, new builds, newer homes, and wonderful views. Some affordable Boulder real estate homes ready to renovate. Easy access to numerous  trails. Because of the Bear Creek Elementary school this is a hot area with parents that want to get there children in to the Bear Creek School district. Convenient, quiet, secluded however close to all amenities. Fantastic up close and personal views of the Flatirons.  Shopping is nearby and if you commute to Denver or Golden or want to ski in any of the majors this is very convenient.

Schools in the area are Bear Creek Elementary and Southern Hills Middle School.

If you have questions regarding this article any of the neighborhoods 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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Boulder Luxury Real Estate Sells

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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Boulder Real Estate Housing Shortage

Posted by Michael Hughes-Sotheby’s International Realty-Boulder, CO

Everyone is focusing on the fact that there are foreclosures and cheap housing to be had; all things being relative that doesn’t really relate to Boulder real estate because we have so few foreclosures. Ok yes we have some foreclosures and some short sales. But everyone is looking “over there” and not looking at the impact of what may likely be the biggest housing shortage of all time.  The thought right now is with fires, teardowns, lack of new builds and worn out properties, we need at least 1.6 million new homes (in the U.S.) right now to just keep up with the population growth. Housing starts are down. The population is growing. When we have job growth; Lookout!

According to RealtyTrac 315,716 properties had foreclosure filings last month. The filings included default notices, auctions and bank repo’s. Mortgage rates are very low. Mortgages are not difficult to find if you have a solid job and good credit. Investors and savvy buyers are snapping these properties up to add to their portfolios. Smart buyers are buying now. When you think of vineyards you think of micro-climates. Boulder is one such micro-climate in the U.S. real estate market. Boulder is the beacon of value and prices staying at a good and sustainable level. Once the job creation is back in place we will have some double digit years of appreciation coming in the Boulder real estate and the Boulder luxury real estate market.

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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Boulder Luxury 2011

Posted by Michael Hughes-Fuller Sothebys International Realty

After my buyer clients wrung their hands about the nation’s bad economy, high unemployment rates, the fragile economic recovery, and other catasrophic economic  stories they had seen on CNBC, Fox and CNN or read in this morning’s paper;  I replied with a simple question: “Ok, but how is your personal economy doing?”  After a puzzling look from my clients, I explained that while the nation’s economy is important, it’s not nearly as relevant to them as their own personal circumstances when it comes to buying or selling a home.

In most cases my buyers have solid jobs with excellent incomes, strong savings and investments. With Boulder Luxury Real Estate and home prices bouncing on the bottom in a narrow margin up and down  2%, and mortgage rates near record lows, they were in my opinion in a fantastic position to buy and afford the home of their dreams – most likely in a better position than they will be in the future when interest rates rise and home prices rebound.

Assuming your “personal economy” is reasonably good, it may be time to swallow your fears and take advantage of this window of opportunity and buy a home. Call me today and let’s see if we’re a fit.

  • Boulder—Sales continue to increase with October 2010 showing a 38% increase in over $1 Million sales in Boulder County.
  • The Boulder real estate market continues to be strong.
  • Interest rates while starting to inch up are still pretty low.

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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Divorce and Selling Your Home

Posted by Michael Hughes – Sothebys International Realty-Boulder

Once in awhile, the most satisfying days for real estate agent Michael Hughes of Sothebys International Realty in Boulder, Colorado are the ones when he goes to a listing appointment and the homeowner says no he doesn’t want to sell. “I love ‘No’s. Don’t get me wrong I love Yes’s as well but it has to be a good fit for me as well as the divorcing couple.” Says Hughes. First it has to be a good fit for them, a good fit for me and the house has to be a Sotheby’s quality home.

I specialize in Boulder real estate sales related to divorce, a niche I cultivated after my own marriage ended several years ago and I became painfully conscious of the uncertainty and apprehension that can surround this major marital asset.

Going through a divorce is confusing and anxiety inducing. I wasn’t sure of what to do with my house after the divorce and all my friends were giving advice. I love my friends however I am glad I didn’t listen to them as it was some of the worst advice.

I decided that the financial strife that goes hand in hand with divorce must be universal. Any real estate agent who focuses on divorce-related sales not only is going to have to be able to endure a certain amount of pressure and potential friction, but also has to tread a fine line between empathy and business like detachment.

When I started listing and selling houses of couples divorcing, the tendency would be to want to listen (to sellers discussing their marital breakups), after awhile I set my boundaries and realized they needed to talk to therapists not me about their marital strife. I am a Realtor I can help them move on by helping them get their home sold quickly and efficiently. I keep a list of therapists, lenders, insurance agents, mediators and financial planners handy at all times.

I work as a transaction broker.  I represent both divorcees in the sale of their Boulder real estate. Often this requires a double set of every communication and separate and often equal approvals for each decision.

When it is a court ordered sale then it must be done and it is a matter of showing both parties that I can represent them both rationally and safely and that they are both safe. I will not bias to one side or the other as a Transaction Broker ever.

If you are divorcing please give me a call. I can help.

If you have questions regarding this article or have any questions about Boulder or would like information about Boulder 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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Time to Celebrate in Boulder County

Posted by Michael Hughes-Fuller Sothebys International Realty

Break out the Champagne or better yet the Screaming Eagle 2004 Cabernet Sauvignon Magnum. According to recent reports foreclosure sales dropped to a 19-month low in the majority of Colorado’s largest urban counties in October 2010. While Boulder real estate and Boulder luxury real estate has not been hit as hard it is still a reassuring report.

Foreclosure public trustee sales fell 38 percent from September to October 2010 as many banks halted foreclosures. Whilst this short-frame picture may not be a proper indicator; the 19 month low is a good indicator with a sufficient amount of substantive data.

Foreclosures are down 38% for Boulder real estate in the County YTD and down 60% YTD for Broomfield County. A substantial drop for both counties and even figuring the bank halting of foreclosures for approximately 11 days this is a very good sign. While the shadow inventory does loom out there it does not seem to be a significant problem that will impact housing prices to lower levels as previously thought.

All metro counties showed decreases in foreclosure sales at auction, comparing year-over-year. The only area there was an increase was in Mesa county coming in with an increase of 35%.

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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