Category Archives: relocating

12 Great Reasons To Sell Your Boulder Real Estate In 2012

  1. The Denver/Boulder area is the #1 place to invest in real estate. Boulder real estate being the tops. View the video from CEO-Greg Rand-OwnAmerica.com
  2. The average rate on a 30 year fixed mortgage has dropped significantly to a low 3.87%.—Associated Press
  3.  The Denver /Boulder real estate home inventory has not been this low since 1999.—Denver Metro Association of Realtors
  4. The number of homes on the market dropped some 30% in November from a year earlier, likely the greatest year-over-year drop in metro area’s history—Inside Real Estate News
  5. Dow at a 4 year high; Nasdaq hits 11 year high—CNN Money.com 2/3/2012
  6. Boulders apartment vacancy rate hit its lowest fourth-quarter level in over a decade at the end of 2011—Denver Post
  7. Inventory available of single family homes in Boulder County in February, 2012 is 69% lower than at the same time 2 years ago; meanwhile luxury home inventory is down 42% in the Boulder area—Inside Real Estate News
  8. Denver/Boulders median list price is higher than the national average—Realtor.com
  9. The Denver/Boulder area has the lowest average days on market of 146 national statistical metro areas—Inside Real Estate News
  10. Denver/Boulder area ranked #1 by Case-Shiller Index and S & P
  11. Denver/Boulder’s population will grow at a faster-than-average rate in 2012, and combined with a tight inventory of existing homes and job growth will boost housing construction—Denver Metro EDC
  12. Low interest rates + low home inventory = Highest price for your Boulder Real Estate.

Low Interest Rates + Low Home Inventory = Highest Price For Your Boulder Real Estate

If you are looking to buy or sell a home in the coming year, allow me to extend my full range of premium services toward your real estate success.

Call 303-359-6627 or visit Boulder Real Estate

Michael grew up near Santa Fe and is a longtime resident of Boulderand has been with Sotheby’s International Realty since their inception in Boulder County and along the front range. About Me 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

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New Years Day Trek

Kitchen Mesa rising 600' from the valley

Jocelyn coming up through the narrows on the rope

Every New Year on the 1st of January we do something awesome. Last year it was a Crossfit (OMG) class in the morning. I am very grateful to have a wonderful home on the north end of  Heron Lake in Northern New Mexico so this year it was Hiking Kitchen Mesa at Ghost Ranch, New Mexico with my girlfriend, my daughters and boyfriends. I have two daughters and love them to pieces however it was the best having guys around (the boyfriends).

Michael, Jessica, Jocelyn and Dan-Shock and Awe at the beautiful panoramic view

Everyone was ready to get out and hike a bit after stuffing ourselves for the past ten days and the noteworthy muffin tops arising from the indulgence. Not really. All of the family is in extreme shape enough so to run marathons, salsa dance for hours, hold yoga positions forever, pursue and receive black belts in Muay Thai Kickboxing, Snowshoe for miles at high altitude and keep horses under control, you get the picture here.

Jessica and Dan

We started out at Vista de Brazos  in the pines of Lake Heron and as we drove south and dropped in elevation down to the desert, we started getting into the reds, oranges, yellows, blues and blacks of the massive sandstone cliffs and mesas carved out by millions of years of water, wind and weather. This was the stomping grounds of one Georgia O’Keefe and I could feel her presence as we viewed Pedernal Mesa as it grew bigger and bigger.

Callie coming up through the narrows

We started out on a very slippery slope of ice shaded by the juniper and pinon trees. We broke in to red mud that added about 10 pounds per shoe. Slogged up the canyon and then at the end of a box canyon there was a rope. Hmm? So we pulled ourselves up the rope about 150 feet to the most spectacular views. I could see in every direction. Some views were up to a hundred miles away. Wow. The whole hiking group made it to the top, my girlfriend Jocelyn had minor trepidation about the narrow and very steep passage with the rope but was a trooper to the top.

I ran part of the mesa. It was energizing, recharging and fantastic to have the family along to enjoy this epic hike on New Years Day. The quiet was, positive, all that is and all that will be good, astounding, inspiring. Now I start the New Year rested, energized, focused and with that Never, ever, ever give up attitude that keeps me going in Boulder luxury real estate. Thanks for the great memories family!

Michael grew up near Santa Fe and 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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Awesome Lineup-Why I love Summer!

Awesome lineup in Louisville, CO

  • June 17 Little Feat

    Hello Faire family. Little Feat in little ol’ Louisville. Crazy, right? Let’s make it crazy cool. Come ready to have fun, but also come ready to be kind and mellow with your fellow music lovers.
    Peace. The Street Faire Staff.

  • June 24 The Samples

    We’re thrilled to have The Samples at The Steinbaugh for the first time! It’s going to be a rock-n-reggae party with local-boy-made-good Sean Kelly and band.

  • July 1 No Faire

    See ya next week!

  • July 8 A Very Special Evening with Chris and Hazel

    Two of Colorado’s most beloved and talented musicians, Hazel Miller and Chris Daniels, have each played the Faire a record six times—join us for lucky seven.

  • July 15 Great American Taxi

    “Americana Without Borders” is how GAT describes their no-limits sound. It’s going to be an evening of amazing musicianship and good jam band vibes at the Steinbaugh.

  • July 22 Tab Benoit

    Pure. Talent. More of that Louisiana vibe that seems to work so well at the Faire—Tab Benoit brings his take on the blues—from deep in his soul directly to Historic Downtown.

  • July 29 Firefall

    They call the Steinbaugh “home.” Join 5000 of your closest friends for a magical evening with Jock Bartley and the timeless tunes of this legendary Boulder band.

  • August 5 Hamilton Loomis

    If you’ve seen him, you know—if you haven’t—it’s time. Straight from the heart of Texas, Hamilton and band are flat out amazing—taking the Bo Diddley Beat right to your feet. Let’s dance.

  • August 12 Marcia Ball

    Straight from N’awlins and back by popular demand, Marcia and her smokin’ hot band are making their third consecutive appearance at the Faire.

The Street Faire runs 5 to 10pm. Music is 6:30 to 9ish — rain or shine.

There is excellent food, cold drinks, lots of children’s activities, quality arts, crafts, sundries
and, because of our awesome sponsors, this event is FREE!

Call, text or e-mail me today if you or anyone you know needs real estate help or have any questions about the music festival in Louisville, Niwot, Boulder Bricks, Boulder 29th St or Flatirons. e-Mail michael.hughes@sothebysrealty.com  Direct/Text 303-359-6627 Website:www.bolderrealestate.com

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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.

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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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Banks Halt Foreclosures

Posted by Michael Hughes

Bank of America has recently announced a halt on all the foreclosures it is processing throughout all of the United States including some house in Boulder. They said that they were taking these measures in order to investigate a “few flaws” in the process that they might have found, according to a statement made by the banking giant.

Bank of America decided to freeze all foreclosures only 7 days after one of the biggest banks in America announced it was doing the same thing in 23 states that require a court approval in order to proceed with a foreclosure.

The foreclosure process will still continue on, however it will stop before it gets to a judgement ruling or a foreclosure sale. Somewhat like traffic on highway 36 going out of Boulder at 5 pm. To say that the pipeline is clogged would be putting it mildly. This was the process that was going to put our housing market back on track. When you have a fever you take ibuprofen or something to keep the fever down until your bodys’ natural defenses can kick in. In this case you work your way through all the foreclosures when you have an ailing housing sector until they are all but diminished to a natural level. The freeze is only supposed to last a few weeks. I guess we’ll see. The banks are having a tough time working through all these foreclosures. Does that mean that the short sales will take an indefinite detour or backseat? This is not a good thing for the housing community. We need to continue to work through these foreclosures and get them done as quickly as possible. JPMorgan Chase also halted foreclosures on 56,000 people who own homes in the U.S. they also said they would be reviewing how the approval process was working. Apparently some of the employees who review and approve the files were not following the guidelines. In the past few days most banks have followed suit. This is not only bad news for foreclosures but also for short sales of Boulder real estate in the county. Short sales were on the back burner and took a very long time, until this is sorted out  and untangled they will not be moving forward.

We have been very lucky with Boulder Real Estate. There are not a Tsunami of foreclosures like the sand states. What do I say? Get it done. Of course follow the proper procedures but pull the band aid off quickly and move along! Read the entire story.

If you have questions about this article or anything Boulder TEXT or give me, Michael Hughes a call at 303-359-6627 and you can also visit my website or the Boulder MLS. You can also facebook me.

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