The Best Time to Sell

Generally, the highest number of sales is during the summer which is why the number of listings picks up in the spring and tapers off after October. So for many, the best time to sell a home is in the summer. But what about listing in the ‘off season’, particularly in mid-winter? This could be the best time to sell because the people who are out there looking are serious buyers. Also, because the homes for sale are few and far between, in fact In Boulder, Colorado and the surrounding communities, we have one of the lowest inventories on record! You will have almost no competition, so prepare it well and get it on the market now! Check back here for more info on a great place to call home in Boulder, Colorado. In conclusion, remember that all real estate is local and rely on an agent who understands your market and how that will affect your best time to sell.

Housing Prediction 2013

Housing Prediction 2013

The pick up in demand for housing in Boulder, Colorado and surrounding areas which we saw in 2012 will continue in 2013. New household formation is expected to rise at an even faster rate this year than it did in 2012, creating increased demand for housing in 2013. The National Association of Realtors reports that some 93% of generation X and Y who are now renting, plan to buy a home in the near future. If even a small portion of that prediction is correct, it will contribute to rising demand in housing in Boulder, Colorado. In fact, the lack of homes for sale will be one of the biggest problems in the Housing Industry in 2013. This increase in demand and lack of supply will continue to push prices higher. With mortgage rates at historic lows and likely to continue throughout 2013, now’s the time to find your own piece of the American Dream. Contact me today if you’re ready to get started and let me know how I can help.

A look at Boulder County Home Prices

Residential Homes Sales in Boulder, Colorado. These statistics include the city of Boulder and the communities that are part of Boulder County, including Longmont, Gunbarrel, Niwot, Louisville, Lafayette, Superior and parts of Erie. It reads like a history of the last 8 years. 2005 was a good year but nothing extraordinary. We had come to expect appreciation 7%+ appreciation. Fortunately in Boulder we had no huge spike before the fall. You can see that things started to slow in 2006 and by 2007, the economy was in retreat in a big way, culminating in 2008 and the greatest recession since the Great Depression. By 2010, Boulder was reversing the trend and slowing coming back.

Year     Median Price Appreciation

2005    +11%

2006    +5%

2007    +4%

2008    -2%

2009    -3%

2010    +2%

2011    +2%

Is It Time To Buy?

If you're sitting on the fence about the direction of the housing market, consider this from John Girouard writing in Forbes last week:

"Trying to time the housing bottom is as much folly as trying to time stocks or any other investment vehicle. In fact, it’s greater folly because if housing prices do fall further, it’s likely to be because mortgage rates are rising, which would mean that over the long term that slightly lower price you may have paid could end up costing more in carrying costs than you saved.”