May Stats Say What?
May was a busy month in Boulder County, and the stats show that we are on target for projected appreciation values of homes. The housing market is not slowing down, except for the number of homes on the market. This is great for sellers, and for you buyers: consider the possibility of less competition if other buyers are busy out of town on vacation. The median price of a single family home in Boulder County is now $565,000 and is up 8.2%. And, townhomes and condos are selling for a median price of $359,800, up 3.5%. CLICK HERE to read the full stats. Before you take your Summer vacation, let's talk about your plans for your home.
Is it the Time to Sell?
According to this article in Realtor.com more Americans in May thought it was time to sell their home. To be more specific, "about 61% of folks said there was no time like the present to put a home on the market, according to Fannie Mae's National Housing Survey for May. That's the highest percentage it's been since Fannie began the survey in June 2010." Whether you're one of the people who wants to "move in the summer, before the kids go back to school", are relocating, downsizing, or looking for something with more room, it makes sense that more people would be inclined to sell in May, "as prices are usually the highest during the warm-weather months, when competition is the fiercest." Even if that is the case for many homeowners, what's true for you?
Will Your Property Taxes Go Up? Everyone Wants to Know...
Boulder County homeowners all want to know the same thing...now that the new appraisals have come in, will their property taxes increase? The good news (yes, good!) is that your property value has increased over the past couple of years, and as this article in Colorado Hometown Weekly points out, "The increase of the average Boulder County residence exceeded 20 percent." That however, doesn't guarantee that your taxes will increase as there are several determining factors. Remember: "Property values are just one part of the tax equation." And, "Even if your property tax does increase, there are positive aspects to it. If it's a rental property, you can deduct property tax on your income taxes. If it's a personal residence and you itemize, then you may be able to deduct your property tax on your federal taxes under current law." So, like I said, good news, right? Call me with questions.
Does your Lawn Furniture Need a Makeover?
Did you know that you can paint those cute plastic chairs that you picked up at the end of the season last year? This simple makeover trick will give your backyard the update that looks great without too much fuss. Seriously, this how-to guide will walk you through the process. This might also be something to consider before listing your home to spruce up your back yard, or for your own enjoyment as you plan your next BBQ.
What's Happening this Month:
Boulder Farmer's Market, Saturdays, 8am-2pm.
Boulder Art and Jazz Fest. July 1st-3rd.
Folk Dancing on the Plaza. July 4th 7-10pm.
Band on the Bricks. Wednesdays, 5:30-9pm.
Pearl Street Arts Fest. July 16th, 10am-5pm.