Stats that You'll Howl Over
Third Quarter Stats are in, and they reveal that compared to 2016 prices, we are still trending slightly higher with regard to the median price of single family and attached homes. The median price of a single family home in Boulder County is $560,000, up 4.7% from last year. Condos and townhomes are selling for $360,000, up 2.9%. CLICK HERE to read the full Third Quarter Stats. As we transition into the final quarter of 2017, it's a fantastic time to take advantage of increased inventory and decreased buyer activity!
Has the Housing Market Stalled?
According to CNBC, "it is no longer a blip, but a trend. Home sales are weakening, and they are not expected to improve anytime soon." This is good news for buyers because there will be more opportunity to get a competitive price on a home. There are various speculated reasons for this "stall" in the market. The supply of homes compared with what buyers can afford could be a mismatch, but another important factor could be the two significant hurricanes that created significant damage. It seems likely that the fires in California will also impact the national numbers as well.
Who Wins Amazon?
Where oh where should Amazon build its new warehouse? Fortunately for Amazon, The New York Times solved this dilemma and says, "Denver it is. The city’s lifestyle and affordability, coupled with the supply of tech talent from nearby universities, has already helped build a thriving start-up scene in Denver and Boulder, 40 minutes away." Thank you, NYT for laying it out so clearly why Denver is the ideal location for this new development. We should hear by 1st or 2nd Quarter 2018 about their decision. If Denver is "the one" get ready for rents and home prices to increase again.
Want to Travel from Denver to Vail in Minutes?
Imagine that the future has arrived. The Colorado Independent says that within the next ten years hyperloop, an electromagnetic capsule may change travel technology forever. "This capsule would allow for a 360-mile track that includes a leg from Denver to Vail, with a stop in Silverthorne along the way, may soon zip people up to the mountains in mere minutes at speeds of 700 miles per hour." Sounds like a great way to get up to the ski resorts to me!
What's Happening this Month:
Reel Rock 12 Festival. November 3rd, 3-11pm.
Boulder Farmer's Market. November 4th 8am-2pm.
Sleep Out for Homeless Youth. November 9th, 7pm-morning.
Pearl Street Stampede. November 10th, 7pm.
Switch on the Holidays. November 19th, 5pm.