It's hard to believe that 2023 is almost over and it's time for presents, carols, egg nog, and holiday cheer. With just a couple more days until holiday vacation, we hope you can find time to get in your last minute shopping and preparations. Our apologies for not getting the November edition out last month due to several contracts, Thanksgiving vacation and closings. Thanks for letting us know that many of you find the content we provide beneficial. If you are in need of any winterizing tips or contractors, we prepared a step-by-step guide for the November edition and will be happy to send.
In real estate news, the Federal Reserve announced that they are officially NOT raising interest rates and will be implementing a series of cuts in 2024. In fact, some analysts stated that they thought Powell's demeanor and presentation seemed to signal a victory on inflation*. Whether true or not, the 10-year treasury fell to just under 4% (3.8%) and most major indexes in the stock market are up for the year. For those Buyers and Sellers that have been sitting on the sideline, please contact us to see if now is the right time to make a move. We are predicting prices and competition to rise in the upcoming months ahead as rates continue to decline. We are also seeing a late season run on inventory and a higher than average increase in new inventory, so please contact your lender today as we have seen many rates back down to the low 6% range without a buy down or any concession.
As a musician and music lovers, we prepared a section on our top 10 Christmas songs. Because it was so hard to limit these to just ten, we took it a step further and made a Spotify playlist for you all to enjoy. Please let us know how we did, or if there are any we left off and you would like to add.
Please have a safe and enjoyable holiday season everyone. We hope that you are surrounded with love and joy. Blessings to you and yours and see you in 2024!
*Fed officials see core inflation falling to 3.2% in 2023 and 2.4% in 2024, then to 2.2% in 2025. Finally, it gets back to the 2% target in 2026. |
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In looking at the stats for last month, the most abnormal number is how many new listings have hit the market recently (up 28%). We are attributing this to the large number of sideline sellers who have been waiting for the market to change. Also what is absolutely fantastic is that both the median and average sales prices have increased (9% and 14.9% respectively). As we have seen historically, buying in Boulder (and in the front range) is a solid investment. Adding to this sentiment is that the average price is actually up by 1% and the median only down by 2.4% when interest rates were in the middle to high 7's earlier this year!
Days on Market has increased as the buying pool has been waiting for rates to come down. This month it is up to 60 days per NAR statistics and 146 days per the Market Action Index*. Also, this is typical of this time of year as people buckle down for the holidays and start to make their 2024 resolutions.
At SRE, we are predicting prices will hold for the next 3-4 months and then continue to rise as rates drop. In the short term, if you are a buyer, now is perfect time to try to take advantage of any opportunities and grab prices while they have held or are lower. Similarly, if you are a seller, now is a good time to try to list your home to see if there are any buyers trying to take advantage of the market. Optimally though, February or March is going to be the best time to list and we have several homes coming to market then.
Regardless, things could start moving pretty quickly in the next year, so please contact us today if you have questions or think it's time for a move or investment purchase. If you would like a quick price on your home or advice on things to fix in case you want to list, now is a perfect time to get on those maintenance items. We would be happy to come over and make some suggestions and provide pricing and contacts for projects. As always, now is more important than ever to have a seasoned and knowledgeable agency putting your goals first.
*Market Index and CAR statistics vary |
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The holiday season is incomplete without the joyful tunes that fill the air, bringing warmth and festive cheer. Holiday songs have a magical way of capturing the spirit of the season, creating a sense of nostalgia and togetherness. As we gather around the fireplace and trim the tree, let's explore the top 10 holiday songs that have become timeless classics, spreading joy to generations of listeners from our perspective.
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"White Christmas" by Bing Crosby: This iconic song, written by Irving Berlin, has become synonymous with the holiday season. Bing Crosby's soulful rendition takes us to a winter wonderland, where the beauty of a snowy Christmas day is celebrated.
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"Jingle Bell Rock" by Bobby Helms: If there's one song that can get everyone on their feet and dancing, it's "Jingle Bell Rock." Bobby Helms' upbeat and rock-infused rendition adds a playful twist to traditional Christmas music.
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"Rockin' Around the Christmas Tree" by Brenda Lee: Brenda Lee's energetic performance in "Rockin' Around the Christmas Tree" is the perfect soundtrack for holiday gatherings. The song's upbeat tempo and catchy chorus make it a perennial favorite for festive celebrations. This recording was done when she was only 13 years old!
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"It's the Most Wonderful Time of the Year" by Andy Williams: Andy Williams' classic tune captures the essence of the holiday season, celebrating the joy and magic that comes with Christmas. The upbeat tempo and cheerful lyrics make it a perfect song to kick off the festivities.
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"Let It Snow! Let It Snow! Let It Snow!" by Dean Martin: Dean Martin's smooth vocals combined with the jazzy arrangement make "Let It Snow" a delightful tune that captures the joy of spending the holidays with loved ones.
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"The Christmas Song (Chestnuts Roasting on an Open Fire)" by Nat King Cole: Nat King Cole's velvety voice brings a sense of warmth to this timeless classic. The nostalgic lyrics and comforting melody make it a must-listen during the holiday season.
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"Feliz Navidad" by José Feliciano: Infusing a bit of Latin flair into the Christmas repertoire, José Feliciano's "Feliz Navidad" has become a global favorite. Its bilingual lyrics and infectious rhythm make it a festive favorite for all ages.
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"O Holy Night" by Adolphe Adam (performed by various artists): For those seeking a more solemn and spiritual Christmas experience, "O Holy Night" delivers with its powerful lyrics and emotional depth. Various artists have covered this beautiful carol, each adding their own unique touch.
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"Last Christmas" by Wham!: Wham!'s "Last Christmas" is a synth-pop gem that has stood the test of time. The catchy chorus and relatable lyrics about heartbreak during the holiday season have made it a staple on Christmas playlists.
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"All I Want for Christmas Is You" by Mariah Carey: Mariah Carey's modern classic has become a staple on holiday playlists around the world. With its catchy melody and festive lyrics, this song has earned its place as a contemporary Christmas anthem.
We put together a playlist on Spotify with these songs and other favorites. Please add to it or let us know what we should add? As these timeless classics continue to bring joy to our hearts, they remind us of the beauty and warmth that the holiday season brings. So, crank up the volume, sing along, and let the magic of music fill your home with love and laughter.
Happy Holidays to all!
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Closed: 1606 Cottonwood Dr 16S, Louisville, CO 80027
We are thrilled for our investors who found this 2 bedroom fixer at a great value. Our Buyer/Investor plans to renovate the condo into a beautiful 2/2 by adding a bathroom (it even has in-unit laundry).
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Closed: 3363 Oneal Pkwy #33 Boulder, CO 80301
Just a stone throw to their grandkids place here in Palo Park, these Montrose, CO grandparents found the perfect 2 bedroom place to call their own for visits and long weekends away - garage included for the bikes! We love it when properties match the buyers needs.
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| Under Contract!: 1437 Snowmass Ct, Boulder, CO 80305
Property Description:
Rare opportunity to own a home in one of Boulder's most coveted neighborhoods, Pocket Park. Completely redone by SOBO Homes in 2021, this four (or five) bedroom three-bath home has everything ready to walk in and enjoy. Views, brand new everything with an open concept floor plan--no detail has been left out. Close to Boulder's premier schools, hiking trails and restaurants, you will not be able to find something like this right now on the market. Low key HOA and community park, enjoy the views of the Flatirons while you cook and entertain from the kitchen and deck. Don't fight the city for permits and pay the high prices per sqft for new construction, the hard work has been done for you!
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| 1714 Pine St, Boulder, CO 80302
Welcome to 1714 Pine St. (unit A) In Boulder. This home has had the best vibe and ownership since 1898! Classic simplicity surfaces throughout this turn-of-the-century Whittier home. Endless potential for w/ a 4-bedroom, 2-bath and ready for you to move in and give it your own personal touch. An inviting front porch welcomes residents into the home flowing w/ handsome hardwood flooring and high ceilings. A light-filled living room flows into an updated kitchen featuring stainless steel appliances and all-white cabinetry $6,250/mo **ALL UTILITIES INCLUDED** AVAILABLE 1/15/2024.
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| 1405 Broadway St #101, Boulder, CO 80302
Fully updated condo just steps from campus. You can't get any closer to campus without living in the dorms! A block from University Hill. Cute 1 bedroom 1 bathroom condo with maple cabinets, granite countertops, wood burning fireplace, covered parking space, storage closet and washer / dryer in unit! An adorable screened in porch for extra living space or extra storage for skis / bikes etc, The location is great with close access to the covered parking from screened in porch. HOA covers heat, water and trash. Two hotels and conference center being constructed across the street so parents or guardians of a student in this unit can stay right next to the unit!** $1,995 /month** Available 8/1/2024
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| 3953 FULLER CT, Boulder, CO 80305
Large 6 bd 3 bath 2800+ Sqft home in South Boulder. Close to all the great things Boulder has to offer including: CU, Downtown, Trails, Louisville and easy access to Denver and the Mountains. Rentals of this size/area are going for $6,500+ and this has a separate living area/ADU downstairs. 2 separate living rooms with fire places and a large storage room that could be used as a flex space or office. Open concept and BRAND NEW KITCHEN. Great for a business owner or student housing. Back yard is ready for gatherings, as well as an amazing front hangout area with picnic benches. Dog and pet friendly. Lease ready for August 1st.!** $4,950/month** Available 8/1/2024
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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.
For those property owners looking to offload the management of their rentals or primary residence, we are also full service property management company with amazing rates and exceptional service.
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 team 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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