We hope this finds you having a great Spring so far and recharged from Spring break to finish out the school year and all the closing activities. Now is a great time to start to prepare your home for the summer months ahead. In this month's edition, we have included a detailed checklist to help keep your home in great shape - especially given the hard winter conditions we had.
In real estate news, we are happy to report things are heating up and we are starting to see more listings. Historically this is expected as inventory and activity should continue to rise into the summer months ahead. Prices have finally started to stabilize and many buyers and sellers are happy to be able to have some room to breath.
We personally have been busy getting listings ready for the season ahead. If you are in the market to sell, please reach out. Spring is a great time to list your home and now is more important than ever to have a hard-working, seasoned real estate brokerage properly price, list, market, and ultimately negotiate the best offer for your home.
For those in the market to buy, there is ample opportunity to find a home while prices are stable and competition is lower. Please reach out if you have any questions on creative financing or ways to take advantage of the current market. |
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Boulder (and Colorado) real estate has traditionally performed better than national averages. This shows in the fact that Average and Median Sales Prices have held, respectively, at +0.4% and -0.6% with townhomes and condos only down slightly from the market highs of last year. It goes to prove that even with interest rates in the mid to high 6's, prices continue to hold in our area. A mentor of mine always would preach, "longterm investment in Boulder is always going to do well."
For Buyers, the good news is that Inventory, Days on Market and Months Supply are all up. There now is almost 80% more inventory than we had last year AND you have more time to buy in a more balanced market.
For Sellers, the good news is that Percent of List received is still almost 100% and that both Median and Average Sales prices are essentially the same as last year.
One general comment that Buyers and Sellers have right now is, "if I sell, where do I go?" or perhaps you have heard, "why would I take on a 6% rate when the one I hold is (around) 3%?" These are all valid points, however, here are some questions to consider when thinking about making a move:
- Are you ready to move? Or do you need to move?
- Are you wanting a change?
- Are you able to afford the difference in rate and price?
- Are you needing to downsize or upgrade?
- Are there reasons to move out of your current neighborhood?
- Are you able to accept a higher rate with the knowledge that you can refinance down the road? The common saying we have heard is, "Fall in LOVE with the HOME and DATE the RATE".
While we cannot answer these questions for you, if you have answered yes to many of these, please reach out today and let us understand your situation and goals. Having just purchased a new home ourselves last month (see below), we are happy to discuss the financing, downpayment and renting options available.
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SOLD: 4168 Saint Lucia St, Boulder 80301
We are pleased to announce that we officially moved into our new home on 4168 Saint Lucia St in a great neighborhood called Four Mile Creek. For those of you who are unfamiliar with the area, it's a great community off Jay and 47th right by the soccer fields and Boulder Reservoir. Last summer we sold a home just a few houses away and absolutely fell in love with the neighborhood. When this home popped up, we jumped on it because it was the same floor plan, fully renovated and listed under the closing price of our sale. The moral of the story is that there are many great opportunities out there and if we can do it in the current environment, so can you!
Property Description:
Beautifully updated 2-story in Four Mile Creek w/mountain views. Open floor plan w/amazing wood floors & high ceilings. Living room has walls of windows letting the light pour in. Cozy family room features a gas fireplace & flows into the kitchen making it perfect for entertaining. Spacious kitchen w/granite counters, island, SS appliances, gas stove. Primary suite w/vaulted ceilings & luxury 5-piece bathroom & relaxing soaking tub. Laundry w/build-in counters, cabinets & sink. Walkout basement w/spacious rec room is set up as in-law area or home office. Tons of storage in basement & 3-car garage. Large deck in the backyard. Award winning schools. Biking/walking trail system connects to local parks & open space
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SOLD: 100 Dercum Square, 8356 Keystone, CO 80435
Congrats to our Buyer's for closing on this amazing investment in Keystone. They hit the market perfectly and got this under asking price!
Property Description:
Walk to the slopes from this nicely updated 1Bd/1Ba in Buffalo Lodge. Enjoy granite counters, ss appliances, tile flooring, newer carpet and more. Easily sleeps 4. Amenity rich building including pool, hot tubs, game room, ski lockers, heated garage parking and much more. Easy access to all the restaurants and shops in River Run Village. Excellent income history. Great weekend getaway or rental property, or both!
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Under Contract: 629 176th Ave (Palasades), Broomfield
Congrats to our relocation clients for finding one of the last homes available at the Palisades (Lennar Builder). They are the cutest young couple and see nothing but bright things ahead for them in Colorado! |
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Spring Home Maintenance and Cleaning Checklist
Spring is finally here, and it's time to give your home a fresh start! Use this checklist to ensure that your home is ready for the warmer weather and sunshine.
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Clean gutters and downspouts: Remove any debris from your gutters and downspouts to prevent clogging and water damage.
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Inspect your roof: Check your roof for any damage or missing shingles. Hire a professional if needed.
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Service your air conditioning unit: Have a professional service your air conditioning unit before the hot weather arrives.
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Change air filters: Replace air filters in your HVAC system to improve air quality and increase energy efficiency.
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Check for leaks: Look for any signs of leaks around your home, including under sinks, around windows and doors, and in your basement.
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Test irrigation systems: Test your irrigation system to make sure it's functioning properly and there are no leaks.
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Clean windows and screens: Clean your windows and screens to let in more natural light and fresh air.
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Deep clean your carpets and rugs: Hire a professional to deep clean your carpets and rugs to remove any built-up dirt and allergens.
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Wash bedding and linens: Wash all bedding and linens, including comforters, blankets, and curtains.
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Clean and organize your closets: Spring is the perfect time to declutter and organize your closets.
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Power wash your outdoor surfaces: Power wash your deck, patio, and driveway to remove any built-up grime and dirt.
By following this checklist, you can ensure that your home is ready for spring and the warmer weather ahead. Happy cleaning and maintenance!
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We are proud of our boutique brokerage and the ability to win contracts and provide exceptional service in this unbelievably competitive market. With almost all of Boulder's brokerages being national and part of a big brand, we are one of the few small, family-owned, local real estate brokerages left. We promise to provide you the highest level of service and complete knowledge of the local market place.
The only way we are able to continue to grow is through our client and friend referrals. Thank you for trusting us, and please keep the referrals coming. We appreciate it more than you know! We want to be the best agents we can be for you and will continually focus on creating value and a superior experience for our clients.
Please contact us any time and, as always, thank you for choosing us as your trusted real estate experts! |
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