South Metro Denver Economic Snapshot - December '10

The end is near. Another year is about to hike over the horizon and a new year will magically make its presence known. The years seem to slip by more quickly these days as we try to keep pace with the newest cell phone, computer or television. Technology has made things smaller, more efficient and quicker. We would die of boredom waiting for an old IBM 286 to boot up; all fifty pounds of it.

Despite all the changes in technology over the past couple of decades, the purchase and sale of real estate has remained pretty much the same. It is still a hands-on business. Ultimately, all the final decisions are made by humans, not computers.

Evergreen Economic Snapshot - December '10

The end is near. Another year is about to hike over the horizon and a new year will magically make its presence known. The years seem to slip by more quickly these days as we try to keep pace with the newest cell phone, computer or television. Technology has made things smaller, more efficient and quicker. We would die of boredom waiting for an old IBM 286 to boot up; all fifty pounds of it.

Despite all the changes in technology over the past couple of decades, the purchase and sale of real estate has remained pretty much the same. It is still a hands-on business. Ultimately, all the final decisions are made by humans, not computers.

Metro Denver Economic Snapshot - December '10

The end is near. Another year is about to hike over the horizon and a new year will magically make its presence known. The years seem to slip by more quickly these days as we try to keep pace with the newest cell phone, computer or television. Technology has made things smaller, more efficient and quicker. We would die of boredom waiting for an old IBM 286 to boot up; all fifty pounds of it.

Despite all the changes in technology over the past couple of decades, the purchase and sale of real estate has remained pretty much the same. It is still a hands-on business. Ultimately, all the final decisions are made by humans, not computers.

Aurora Economic Snapshot - December '10

The end is near. Another year is about to hike over the horizon and a new year will magically make its presence known. The years seem to slip by more quickly these days as we try to keep pace with the newest cell phone, computer or television. Technology has made things smaller, more efficient and quicker. We would die of boredom waiting for an old IBM 286 to boot up; all fifty pounds of it.

Despite all the changes in technology over the past couple of decades, the purchase and sale of real estate has remained pretty much the same. It is still a hands-on business. Ultimately, all the final decisions are made by humans, not computers.

Jefferson County Economic Snapshot - December '10

The end is near. Another year is about to hike over the horizon and a new year will magically make its presence known. The years seem to slip by more quickly these days as we try to keep pace with the newest cell phone, computer or television. Technology has made things smaller, more efficient and quicker. We would die of boredom waiting for an old IBM 286 to boot up; all fifty pounds of it.

Despite all the changes in technology over the past couple of decades, the purchase and sale of real estate has remained pretty much the same. It is still a hands-on business. Ultimately, all the final decisions are made by humans, not computers.

Northern Colorado Economic Snapshot - December '10

The end is near. Another year is about to hike over the horizon and a new year will magically make its presence known. The years seem to slip by more quickly these days as we try to keep pace with the newest cell phone, computer or television. Technology has made things smaller, more efficient and quicker. We would die of boredom waiting for an old IBM 286 to boot up; all fifty pounds of it.

Despite all the changes in technology over the past couple of decades, the purchase and sale of real estate has remained pretty much the same. It is still a hands-on business. Ultimately, all the final decisions are made by humans, not computers.

Douglas County Economic Snapshot - December '10

The end is near. Another year is about to hike over the horizon and a new year will magically make its presence known. The years seem to slip by more quickly these days as we try to keep pace with the newest cell phone, computer or television. Technology has made things smaller, more efficient and quicker. We would die of boredom waiting for an old IBM 286 to boot up; all fifty pounds of it.

Despite all the changes in technology over the past couple of decades, the purchase and sale of real estate has remained pretty much the same. It is still a hands-on business. Ultimately, all the final decisions are made by humans, not computers.

Boulder Valley Economic Snapshot - December '10

The end is near. Another year is about to hike over the horizon and a new year will magically make its presence known. The years seem to slip by more quickly these days as we try to keep pace with the newest cell phone, computer or television. Technology has made things smaller, more efficient and quicker. We would die of boredom waiting for an old IBM 286 to boot up; all fifty pounds of it.
Despite all the changes in technology over the past couple of decades, the purchase and sale of real estate has remained pretty much the same. It is still a hands-on business. Ultimately, all the final decisions are made by humans, not computers.

Boulder Valley Economic Snapshot - November '10

Real estate markets and economies are trend oriented. They have a tendency to follow specific paths. Sometimes those paths are a gently rolling road merrily going along. Other times those roads are fraught with hurdles i.e. rock slides, floods, snow storms, etc. When those occur, it takes time to clean-up the resulting mess.

Broomfield/Westminster Economic Snapshot - November '10

Real estate markets and economies are trend oriented. They have a tendency to follow specific paths. Sometimes those paths are a gently rolling road merrily going along. Other times those roads are fraught with hurdles i.e. rock slides, floods, snow storms, etc. When those occur, it takes time to clean-up the resulting mess.

Aurora Economic Snapshot - November '10

Real estate markets and economies are trend oriented. They have a tendency to follow specific paths. Sometimes those paths are a gently rolling road merrily going along. Other times those roads are fraught with hurdles i.e. rock slides, floods, snow storms, etc. When those occur, it takes time to clean-up the resulting mess.

Jefferson County Economic Snapshot - November '10

Real estate markets and economies are trend oriented. They have a tendency to follow specific paths. Sometimes those paths are a gently rolling road merrily going along. Other times those roads are fraught with hurdles i.e. rock slides, floods, snow storms, etc. When those occur, it takes time to clean-up the resulting mess.

South Metro Denver Economic Snapshot - November '10

Real estate markets and economies are trend oriented. They have a tendency to follow specific paths. Sometimes those paths are a gently rolling road merrily going along. Other times those roads are fraught with hurdles i.e. rock slides, floods, snow storms, etc. When those occur, it takes time to clean-up the resulting mess.

Douglas County Economic Snapshot - November '10

Real estate markets and economies are trend oriented.  They have a tendency to follow specific paths.  Sometimes those paths are a gently rolling road merrily going along.  Other times those roads are fraught with hurdles i.e. rock slides, floods, snow storms, etc.  When those occur, it takes time to clean-up the resulting mess.

Evergreen Economic Snapshot - November '10

Real estate markets and economies are trend oriented. They have a tendency to follow specific paths. Sometimes those paths are a gently rolling road merrily going along. Other times those roads are fraught with hurdles i.e. rock slides, floods, snow storms, etc. When those occur, it takes time to clean-up the resulting mess.

Metro Denver Economic Snapshot - November '10

Real estate markets and economies are trend oriented.  They have a tendency to follow specific paths.  Sometimes those paths are a gently rolling road merrily going along.  Other times those roads are fraught with hurdles i.e. rock slides, floods, snow storms, etc.  When those occur, it takes time to clean-up the resulting mess.

South Metro Denver Economic Snapshot - October '10

Economic Snapshot

Over the course of the past eighteen months, the Federal Government implemented the Homeowner Tax Credit Program.  The Federal Reserve lowered the Federal Funds Rate for member banks to borrow funds to nearly zero percent.  Home mortgage interest rates have fallen to the lowest level in more than fifty years.  Now, members of the banking industry are taking a sabbatical by not foreclosing on homes.  All of these factors were/are designed to stabilize and stimulate the housing industry.  Despite all these efforts, the housing market continues to quietly drift along. 

There have been spurts of activity.  The South Metro Denver real estate market was UP in sales activity at the end of June/2010 as compared to the end of June/2009 for attached units (+16%) and UP for single family homes (+8%).  But those numbers have dropped since the Homeowner Tax Credit Program ended in late April/2010.  Through September/2010, single family home sales are down about 5% Y.T.D. compared to Y.T.D. 2009; and down around 4% for attached units.  Thus, the South Metro Denver real estate market hasn’t sustained itself.

One of the best indicators of real estate market activity is the time it takes for the market to absorb itself.  A healthy real estate market is thought to be around six months of available inventory.  That time frame provides buyers with an adequate selection of homes and sellers with a reasonable amount of time to sell.  The current “absorption rate” for the South Metro Denver real estate market stands at approximately 200 days.  The absorption rate in September/2009 was at 161 days.  As we enter the fall and winter, the absorption rate should remain around the same level as both inventory levels and sales dwindle. 

The question now becomes, “What’s next?”  What magic elixir can the Federal Government and banking community pull from their proverbial hat?  The answer isn’t putting more lipstick on the pig, because you still have a pig.  The answer always comes back to one four-letter word; the word that drives the economy and fosters the housing industry.  That word is “jobs”.  Jobs are the Holy Grail; the path to redemption; the pot of gold at the end of the rainbow.  Without them, you have a stagnant economy, which naturally leads to a declining housing market.

Click here for a brief overview of the absorption rates for single family homes and attached units for the South Metro Denver area through September/2010.  Thanks to MetroList, the Denver metro MLS, for all their magic numbers.

Click here for a downloadable PDF.

Jefferson County Economic Snapshot - October '10

Economic Snapshot

Over the course of the past eighteen months, the Federal Government implemented the Homeowner Tax Credit Program.  The Federal Reserve lowered the Federal Funds Rate for member banks to borrow funds to nearly zero percent.  Home mortgage interest rates have fallen to the lowest level in more than fifty years.  Now, members of the banking industry are taking a sabbatical by not foreclosing on homes.  All of these factors were/are designed to stabilize and stimulate the housing industry.  Despite all these efforts, the housing market continues to quietly drift along. 

There have been spurts of activity.  The Jefferson County real estate market was UP in sales activity at the end of June/2010 as compared to the end of June/2009 for attached units (+26%) and UP for single family homes (+17%).  But those numbers have dropped since the Homeowner Tax Credit Program ended in late April/2010.  Through September/2010, single family home sales are UP 4% Y.T.D. compared to Y.T.D. 2009; and are UP 3% for attached units.  Thus, the Jefferson County real estate market hasn’t sustained itself.

One of the best indicators of real estate market activity is the time it takes for the market to absorb itself.  A healthy real estate market is thought to be around six months of available inventory.  That time frame provides buyers with an adequate selection of homes and sellers with a reasonable amount of time to sell.  The current “absorption rate” for the Jefferson County real estate market stands at approximately 181 days.  The absorption rate in September/2009 was at 162 days.  As we enter the fall and winter, the absorption rate should remain around the same level as both inventory levels and sales dwindle. 

The question now becomes, “What’s next?”  What magic elixir can the Federal Government and banking community pull from their proverbial hat?  The answer isn’t putting more lipstick on the pig, because you still have a pig.  The answer always comes back to one four-letter word; the word that drives the economy and fosters the housing industry.  That word is “jobs”.  Jobs are the Holy Grail; the path to redemption; the pot of gold at the end of the rainbow.  Without them, you have a stagnant economy, which naturally leads to a declining housing market.

Click here for a brief overview of the absorption rates for single family homes and attached units for the Jefferson County area through September/2010.  Thanks to MetroList, the Denver metro MLS, for all their magic numbers.

Click here for a downloadable PDF.

Metro Denver Economic Snapshot - October '10

Economic Snapshot

Over the course of the past eighteen months, the Federal Government implemented the Homeowner Tax Credit Program.  The Federal Reserve lowered the Federal Funds Rate for member banks to borrow funds to nearly zero percent.  Home mortgage interest rates have fallen to the lowest level in more than fifty years.  Now, members of the banking industry are taking a sabbatical by not foreclosing on homes.  All of these factors were/are designed to stabilize and stimulate the housing industry.  Despite all these efforts, the housing market continues to quietly drift along. 

There have been spurts of activity.  The Metro Denver real estate market was UP in sales activity at the end of June/2010 as compared to the end of June/2009 for attached units (+16%) and UP for single family homes (+8%).  But those numbers have dropped since the Homeowner Tax Credit Program ended in late April/2010.  Through September/2010, single family home sales are down about 5% Y.T.D. compared to Y.T.D. 2009; and down around 4% for attached units.  Thus, the Metro Denver real estate market hasn’t sustained itself.

One of the best indicators of real estate market activity is the time it takes for the market to absorb itself.  A healthy real estate market is thought to be around six months of available inventory.  That time frame provides buyers with an adequate selection of homes and sellers with a reasonable amount of time to sell.  The current “absorption rate” for the Metro Denver real estate market stands at approximately 198 days.  The absorption rate in September/2009 was at 154 days.  As we enter the fall and winter, the absorption rate should be around the same level as inventory levels and sales dwindle. 

The question now becomes, “What’s next?”  What magic elixir can the Federal Government and banking community pull from their proverbial hat?  The answer isn’t putting more lipstick on the pig, because you still have a pig.  The answer always comes back to one four-letter word; the word that drives the economy and fosters the housing industry.  That word is “jobs”.  Jobs are the Holy Grail; the path to redemption; the pot of gold at the end of the rainbow.  Without them, you have a stagnant economy, which naturally leads to a declining housing market.

Click here for a brief overview of the absorption rates for single family homes and attached units for the Metro Denver area through September/2010.  Thanks to MetroList, the Denver metro MLS, for all their magic numbers.

Click here for a downloadable PDF.

Aurora Economic Snapshot - October '10

Economic Snapshot

Over the course of the past eighteen months, the Federal Government implemented the Homeowner Tax Credit Program.  The Federal Reserve lowered the Federal Funds Rate for member banks to borrow funds to nearly zero percent.  Home mortgage interest rates have fallen to the lowest level in more than fifty years.  Now, members of the banking industry are taking a sabbatical by not foreclosing on homes.  All of these factors were/are designed to stabilize and stimulate the housing industry.  Despite all these efforts, the housing market continues to quietly drift along. 

There have been spurts of activity.  The Aurora real estate market was UP in sales activity at the end of June/2010 as compared to the end of June/2009 for attached units (+19%) and slightly off for single family homes (-5%).  But those numbers have dropped since the Homeowner Tax Credit Program ended in late April/2010.  Through September/2010, single family home sales are down 15% Y.T.D. compared to Y.T.D. 2009; and are UP 4% for attached units.  Thus, the Aurora real estate market hasn’t sustained itself.

One of the best indicators of real estate market activity is the time it takes for the market to absorb itself.  A healthy real estate market is thought to be around six months of available inventory.  That time frame provides buyers with an adequate selection of homes and sellers with a reasonable amount of time to sell.  The current “absorption rate” for the Aurora real estate market stands at approximately150 days.  The absorption rate in September/2009 was at 88 days.  As we enter the fall and winter, the absorption rate should remain around the same level as both inventory levels and sales dwindle. 

The question now becomes, “What’s next?”  What magic elixir can the Federal Government and banking community pull from their proverbial hat?  The answer isn’t putting more lipstick on the pig, because you still have a pig.  The answer always comes back to one four-letter word; the word that drives the economy and fosters the housing industry.  That word is “jobs”.  Jobs are the Holy Grail; the path to redemption; the pot of gold at the end of the rainbow.  Without them, you have a stagnant economy, which naturally leads to a declining housing market.

Click here for a brief overview of the absorption rates for single family homes and attached units for the Aurora area through September/2010.  Thanks to MetroList, the Denver metro MLS, for all their magic numbers.

Click here for a downloadable PDF.

Douglas County Economic Snapshot - October '10

Economic Snapshot

Over the course of the past eighteen months, the Federal Government implemented the Homeowner Tax Credit Program.  The Federal Reserve lowered the Federal Funds Rate for member banks to borrow funds to nearly zero percent.  Home mortgage interest rates have fallen to the lowest level in more than fifty years.  Now, members of the banking industry are taking a sabbatical by not foreclosing on homes.  All of these factors were/are designed to stabilize and stimulate the housing industry.  Despite all these efforts, the housing market continues to quietly drift along. 

There have been spurts of activity.  The Douglas County real estate market was UP in sales activity at the end of June/2010 as compared to the end of June/2009 for attached units (+2%) and UP for single family homes (+19%).  But those numbers have dropped since the Homeowner Tax Credit Program ended in late April/2010.  Through September/2010, single family home sales are UP just under 1% Y.T.D. compared to Y.T.D. 2009; and are down 8% for attached units.  Thus, the Douglas County real estate market hasn’t sustained itself.

One of the best indicators of real estate market activity is the time it takes for the market to absorb itself.  A healthy real estate market is thought to be around six months of available inventory.  That time frame provides buyers with an adequate selection of homes and sellers with a reasonable amount of time to sell.  The current “absorption rate” for the Douglas County real estate market stands at approximately 238 days.  The absorption rate in September/2009 was at 231 days.  As we enter the fall and winter, the absorption rate should remain around the same level as both inventory levels and sales dwindle. 

The question now becomes, “What’s next?”  What magic elixir can the Federal Government and banking community pull from their proverbial hat?  The answer isn’t putting more lipstick on the pig, because you still have a pig.  The answer always comes back to one four-letter word; the word that drives the economy and fosters the housing industry.  That word is “jobs”.  Jobs are the Holy Grail; the path to redemption; the pot of gold at the end of the rainbow.  Without them, you have a stagnant economy, which naturally leads to a declining housing market.

Click here for a brief overview of the absorption rates for single family homes and attached units for the Douglas County area through September/2010.  Thanks to MetroList, the Denver metro MLS, for all their magic numbers.

Click here for a downloadable PDF.

Evergreen Economic Snapshot - October '10

Economic Snapshot

Over the course of the past eighteen months, the Federal Government implemented the Homeowner Tax Credit Program.  The Federal Reserve lowered the Federal Funds Rate for member banks to borrow funds to nearly zero percent.  Home mortgage interest rates have fallen to the lowest level in more than fifty years.  Now, members of the banking industry are taking a sabbatical by not foreclosing on homes.  All of these factors were/are designed to stabilize and stimulate the housing industry.  Despite all these efforts, the housing market continues to quietly drift along. 

There have been spurts of activity.  The Evergreen real estate market was UP in sales activity at the end of June/2010 as compared to the end of June/2009 for single family homes (+20%).  But that number has dropped since the Homeowner Tax Credit Program ended in late April/2010.  Through September/2010, single family home sales are UP about 9% Y.T.D. compared to Y.T.D. 2009 (448 vs. 411).  Thus, the Evergreen real estate market hasn’t sustained itself.  The average sales value of a single family home in the Evergreen real estate market is down about 5% through September/2010 as compared to September/2009 ($392,306 vs. $413,220).

One of the best indicators of real estate market activity is the time it takes for the market to absorb itself.  A healthy real estate market is thought to be around six months of available inventory.  That time frame provides buyers with an adequate selection of homes and sellers with a reasonable amount of time to sell.  The current “absorption rate” for the Evergreen real estate market stands at approximately 451 days.  The absorption rate in September/2009 was at 439 days.  As we enter the fall and winter, the absorption rate should remain around the same level as both inventory levels and sales dwindle. 

The question now becomes, “What’s next?”  What magic elixir can the Federal Government and banking community pull from their proverbial hat?  The answer isn’t putting more lipstick on the pig, because you still have a pig.  The answer always comes back to one four-letter word; the word that drives the economy and fosters the housing industry.  That word is “jobs”.  Jobs are the Holy Grail; the path to redemption; the pot of gold at the end of the rainbow.  Without them, you have a stagnant economy, which naturally leads to a declining housing market.

Click here for a brief overview of the absorption rates for single family homes for the Evergreen area through September/2010.  Thanks to MetroList, the Denver metro MLS, for all their magic numbers.

Click here for a downloadable PDF.

Broomfield/Westminster Economic Snapshot - October '10

Economic Snapshot

Over the course of the past eighteen months, the Federal Government implemented the Homeowner Tax Credit Program.  The Federal Reserve lowered the Federal Funds Rate for member banks to borrow funds to nearly zero percent.  Home mortgage interest rates have fallen to the lowest level in more than fifty years.  Now, members of the banking industry are taking a sabbatical by not foreclosing on homes.  All of these factors were/are designed to stabilize and stimulate the housing industry.  Despite all these efforts, the housing market continues to quietly drift along. 

There have been spurts of activity.  The Broomfield/Westminster real estate market was UP in sales activity at the end of June/2010 as compared to the end of June/2009 for single family homes (+4%), but down for attached units (-7%).  But those numbers have adjusted since the Homeowner Tax Credit Program ended in late April/2010.  Through September/2010, single family home sales are down 12% Y.T.D. compared to Y.T.D. 2009; and are comparable for attached units.  Thus, the Broomfield/Westminster real estate market hasn’t sustained itself in relation to single family home sales.

One of the best indicators of real estate market activity is the time it takes for the market to absorb itself.  A healthy real estate market is thought to be around six months of available inventory.  That time frame provides buyers with an adequate selection of homes and sellers with a reasonable amount of time to sell.  The “absorption rate” for the Broomfield/Westminster real estate market has been relatively stable for most of 2010.  Through September/2010, the absorption rate stands at 166 days for single family homes and 204 days for attached units.  This compares to 114 days for single family homes and 165 days for attached units through September/2009.  As we enter the fall and winter, the absorption rate should remain around the same level as both inventory levels and sales dwindle. 

The question now becomes, “What’s next?”  What magic elixir can the Federal Government and banking community pull out of their proverbial hat?  The answer isn’t putting more lipstick on the pig, because you still have a pig.  The answer always comes back to one four-letter word; the word that drives the economy and fosters the housing industry.  That word is “jobs”.  Jobs are the Holy Grail; the path to redemption; the pot of gold at the end of the rainbow.  Without them, you have a stagnant economy, which naturally leads to a declining housing market.

Click here for a brief overview of the absorption rates for single family homes and attached units in the Broomfield/Westminster areas through September/2010.  Thanks to MetroList, the metro Denver MLS, for all their magic numbers.

Click here for a downloadable PDF.

Boulder Valley Economic Snapshot - October '10

Economic Snapshot

Over the course of the past eighteen months, the Federal Government implemented the Homeowner Tax Credit Program.  The Federal Reserve lowered the Federal Funds Rate for member banks to borrow funds to nearly zero percent.  Home mortgage interest rates have fallen to the lowest level in more than fifty years.  Now, members of the banking industry are taking a sabbatical by not foreclosing on homes.  All of these factors were/are designed to stabilize and stimulate the housing industry.  Despite all these efforts, the housing market continues to quietly drift along. 

There have been spurts of activity.  The Boulder Valley real estate market was UP in sales activity at the end of June/2010 as compared to the end of June/2009 for both single family homes (+36%) and attached units (+34.5%).  But those numbers have dropped since the Homeowner Tax Credit Program ended in late April/2010.  Through September/2010, single family home sales are UP 13.5% Y.T.D. compared to Y.T.D. 2009; and are comparable for attached units.  Thus, the Boulder Valley real estate market hasn’t sustained itself.

One of the best indicators of real estate market activity is the time it takes for the market to absorb itself.  A healthy real estate market is thought to be around six months of available inventory.  That time frame provides buyers with an adequate selection of homes and sellers with a reasonable amount of time to sell.  The “absorption rate” for the Boulder Valley real estate market has vacillated between nine and ten months for most of 2010.  Through September/2010, the absorption rate stands at 270 days; nearly nine months.  As we enter the fall and winter, the absorption rate should remain around the same level as both inventory levels and sales dwindle. 

The question now becomes, “What’s next?”  What magic elixir can the Federal Government and banking community pull out of their proverbial hat?  The answer isn’t putting more lipstick on the pig, because you still have a pig.  The answer always comes back to one four-letter word; the word that drives the economy and fosters the housing industry.  That word is “jobs”.  Jobs are the Holy Grail; the path to redemption; the pot of gold at the end of the rainbow.  Without them, you have a stagnant economy, which naturally leads to a declining housing market.

Click here for a brief overview of the absorption rates for single family homes in a number of the Boulder Valley areas through September/2010.  Thanks to IRES, the Northern Colorado MLS, for all their magic numbers.

Click here for a downloadable PDF.

Boulder Valley Economic Snapshot - September '10

Issue: Boulder Valley // September | 2010
Economic Snapshot

A look at the current real estate market.
An information source provided by RE/MAX Alliance.

       As the announcer in baseball likes to say when one of the Rockies hits a home run:  “You can kiss it goodbye!”  Well, that’s about all that can be said about this summer of 2010.  Poof!  It was over before we even knew it.  Now comes the fall; filled with football games, warm days and cool nights.  Change is in the air.

       The Boulder Valley real estate market limped along through the summer months.  No longer bolstered by the Federal government’s tax payer incentive program, home buyers and sellers were left to survive on their own.  Mortgage interest rates dropped to historic lows, which spawned a plethora of homeowners interested in refinancing.  Problem was, home values had slipped and appraisals were coming-in low; leaving many homeowners on the sidelines (or in the dugout) unable to take advantage of lower rates.

       There is some good news on the Boulder Valley real estate landscape.  Year to date sales of single family homes and attached units are up slightly over 13% through August/2010 as compared to August/2009.  Although some degree of that increase is a result of the Federal tax payer incentive program, it does show evidence of buyer confidence in the market.  Another positive sign is the chart below, which is a brief overview of average single family home values for the Boulder Valley area for the past couple of years.  (Information is from IRES, the Northern Colorado MLS.) Click the image to view.

       On the surface, Boulder Valley home values have stabilized and are (on average) improving in most geographic areas.  At this time last year, through August/2009, home values were down approximately 5.53% as compared to 2008. 

Real estate markets are composed of peaks and valleys; ups and downs.  Between the peaks and valleys are plateaus.  This is where a calmness normally prevails.  People aren’t fighting the currents of change. They have become more accepting; more realistic.  This may be where the Boulder Valley real estate market is today.

       From a real estate perspective, we may never again see the past in the future i.e. annual double digit appreciation of home values followed by annual double digit depreciation of home values.  There will always be opportunities in the real estate market to make money.  They exist today, but they are predicated on a person’s willingness to wait.  How long that wait might be is unknown, but, for some, their patience will eventually be rewarded.  They’ll hit a home run!

Click here for a downloadable PDF