June's Mid-Year Stats Reveal...
Statistics can be very misleading, especially when the numbers vary vastly from month to month. Typically, there's a good reason for this so it’s important to call me to understand them. Here's a quick example - condos and townhomes in the city of Boulder for the first quarter were up 25%+ on average. That’s an enormous jump! By the end of the 2nd quarter, they were only up 13% on average. Did your property values just slide? The most likely answer is that the first quarter had a $5 million+ sale that skewed the data, but by the 2nd quarter the additional data points brought everything back in line. So the more accurate indicator is in the 10% range. Click here to see the statistics for the first half of 2018.
Are you Wondering What to do with Your Real Estate Investment Money?
If you have equity in your home or real estate investments, and you’re wondering about the best way to invest it, here are 10 ideas from BizWest that you should consider. For example, you could refinance your home and use the equity to invest in a rental property. Why is this a good idea? Because of the profitable combination of current low interest rates and a high demand for rentals in Boulder County. Also, if you’re considering buying a larger home in the near future, by purchasing NOW and upgrading before prices rise again, you’re putting money in your pocket. Plus, you’ll gain equity over the next few years. For more smart ideas, check out the full article here.
Boulder's Average Single Family Home Prices Go Up How Much?
When 2017 came to a close, and we transitioned into the new year, many thought that "Boulder had finally reached a price ceiling at the limits of people’s purchasing power...After all, approximately 40 percent of the homes sold in Boulder were over $1 million last year, so surely the pool of buyers able to buy a million dollar home must be depleted, right?" Not yet! According to an article in BizWest, "The average single family home price in Boulder reached $1,207,403 by the end of March, which represents a whopping 21 percent increase over the same period last year." Is Boulder slowly separating itself from surrounding cities and becoming more of a "resort market"? It doesn't seem like the market is slowing down, and Summer buyers are facing many of the same challenges of low inventory and high prices.
Make the Most out of Your Kitchen Storage
Want to take advantage of every bit of storage in your kitchen? This article in Houzz has some amazing suggestions that I never thought of! One of the suggestions I love is utilizing the extra gap next to the refrigerator in a more appealing way. Oh, and don't miss the pull-out-pantry! What a great idea! This is a great thing to do before the kids start school in the fall so you have everything well organized for snacks, lunches, and meals when they get home! Check out all of the suggestions here.
What's Happening this Month:
Boulder Farmers Market. Saturdays, 8am-2pm, Wednesdays, 4pm-8pm
Band on the Bricks. August 1st, 6pm-9pm
Boulder Fringe Festival. August 15h, 6pm-9pm
Opera in the Park. August 18th, 7pm-10pm.
Bark in the Park. August 18th, 11am-5pm.