Luxury home values in the Bay Area and other key California cities are chalking up their biggest gains since the housing boom went bust in the last decade.
Bay Area luxury home values soared 6.6 percent in the second quarter, the biggest year-over-year gain since the first quarter of 2006.
And Bay Area luxury home values rose 2.9 percent from the first quarter of 2012. The average luxury home in San Francisco is now $2.67 million, according to the First Republic Prestige Home Index produced by First Republic Bank and Fiserv CSW Inc. (NASDAQ: FISV)
Tuesday, September 4, 2012
Boulder RE Market
SF Bay area luxury home market is hot! Values soared 6.6% in the second quarter, the biggest gain since 2006. Surely, Boulder can’t be far behind!
Monday, August 13, 2012
When Does School Start in Boulder Valley Schools?
Boulder Valley Schools start classes this week, how can it be? Remember the good ol' days when it was after Labor Day? Check out their website for more info: www.bvsd.org.www.bvsd.org
August 15, this Wednesday at 8:40 is the first day for 1-5th graders, as well as transition day for 6th and 9th graders.
Aug 16 for grades 7,8, 10, 11, 12. Wishing you all a great start to the new school year!
August 15, this Wednesday at 8:40 is the first day for 1-5th graders, as well as transition day for 6th and 9th graders.
Aug 16 for grades 7,8, 10, 11, 12. Wishing you all a great start to the new school year!
Monday, June 25, 2012
Summer Real Estate in Boulder County
Real Estate Market In Boulder, CO
There are plenty of buyers out there who have lost out on homes lately due to multiple bids. This is true throughout Boulder County but especially in Louisville, Colorado. Of the 58 homes sold there between $300-$450K since the beginning of 2012, 14 sold for full price or more than the list price. There are currently 24 homes on the market in this price range and 19 of them are under contract. Buying a home in this kind of market is challenging and you need the right Buyer's Agent working for you. But it's a great time to be a seller!
There are plenty of buyers out there who have lost out on homes lately due to multiple bids. This is true throughout Boulder County but especially in Louisville, Colorado. Of the 58 homes sold there between $300-$450K since the beginning of 2012, 14 sold for full price or more than the list price. There are currently 24 homes on the market in this price range and 19 of them are under contract. Buying a home in this kind of market is challenging and you need the right Buyer's Agent working for you. But it's a great time to be a seller!
Tuesday, May 1, 2012
Pending Home Sales: Real Estate Rebounding
F
The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.
An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined as well as the first of five consecutive record years for existing-home sales; it coincides with a level that is historically healthy.
The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.
An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined as well as the first of five consecutive record years for existing-home sales; it coincides with a level that is historically healthy.
Monday, April 30, 2012
Boulder, CO Real Estate Rebound
Boulder Area Markets Continue Rebound
March 2012 single family home sales in Boulder area markets improved significantly from February 2012; 270 compared to 172 respectively, up 57%. When compared to the 212 single family home sales in March 2011 there is a strong 27% increase. Condo and Townhome sales improved in March 2012 over February 2012 by more than 42%, 88 units versus 62. And, when compared to March 2011’s 75 units sold, March 2012 saw a 17% increase in units sold. Go to http://www.baraonline.com/sites/bara/files/statistics/March12stats.pdf to view stats. http://www.baraonline.com/sites/bara/files/statistics/March12PricePoints.pdf to view sales by price point
March 2012 single family home sales in Boulder area markets improved significantly from February 2012; 270 compared to 172 respectively, up 57%. When compared to the 212 single family home sales in March 2011 there is a strong 27% increase. Condo and Townhome sales improved in March 2012 over February 2012 by more than 42%, 88 units versus 62. And, when compared to March 2011’s 75 units sold, March 2012 saw a 17% increase in units sold. Go to http://www.baraonline.com/sites/bara/files/statistics/March12stats.pdf to view stats. http://www.baraonline.com/sites/bara/files/statistics/March12PricePoints.pdf to view sales by price point
Tax-Free Income
Some residents of Augusta, Georgia have purchased tickets to the Master's for years but have never attended the famous golf tournament. It's because they include the tickets as a bonus to the people who rent their home during the event.
Each year, owners rent their home for a big premium during the Masters and make tax-free income. Homeowners benefit from a little known provision in the tax code that does not require taxpayers to recognize the income derived from renting their home for less than 15 days per year. See Rental of property also used as home on IRS.gov.
Large sporting events like golf and tennis tournaments, championship games and other high attendance events increase the demand for a temporary rental of a private residence. Obviously, there are challenges with personal belongings and damage but getting a premium rental rate with a substantial deposit and not having to recognize the income could be worth it.
You'll certainly want to discuss this with your tax professional prior to making this decision. You'll probably also want to get some help from an experienced real estate professional.
Subscribe to:
Posts (Atom)
Posts
