It is no surprise that Colorado’s Front Range has seen a significant population boom over the past several years that has impacted local and regional housing markets. As presented in Illustration A, housing markets in Boulder, Larimer, and Weld Counties have shown an upward trend in median home sale prices for nearly ten years (12 month rolling values). How much of a trend you might ask? From January 2010 to August 2019, median sale prices for Boulder, Larimer, and Weld Counties increased 64%, 91%, and 123%, respectively. Just between August 2018 and August 2019, median sale prices for Boulder, Larimer, and Weld Counties increased 3%, 4%, and 5%, respectively. While new construction is helping to alleviate some of the buyer demand, this upward trend in prices will likely continue into 2020 as inventory remains low and demand remains high. Illustration B presents the impact that buyer demand is having on the available inventory in Boulder, Larimer, and Weld Counties.
What does all of this mean for home sellers and home buyers? Home sellers can take advantage of the inventory shortage and generally sell their homes for a premium. Home buyers may pay more for a home in this market; however, taking advantage of lower interest rates and building equity (vs renting) are just some of the advantages for buyers. Please contact me today to find out how your neighborhood compares to these county trends and to see if selling or buying a home may be right for you.
Buying or selling real estate is a monumental endeavor that can be streamlined by selecting the right real estate professional. "How do I select the right real estate professional with so many real estate agents to choose?" you might ask. Finding an agent not only with experience, but also with the drive, marketing skills, and personality to work with you every step of the way is critical. I provide my clients with the highest quality of service by being professional, responsive, trustworthy, knowledgeable, and accountable. My success resides largely on my clients' satisfaction and I do my best to provide my clients with the service they expect from an agent. I look forward to assisting you with your current real estate needs as well as building a working relationship that grows in the years ahead.
- Marshall Massaro, RE/MAX Traditions, Inc.
REALTOR, Negotiation Expert, Professional Geologist
Marshall Massaro, RE/MAXTraditions, Inc., 2204 18th Avenue, Longmont, CO
Cell: 303-912-9124 Office: 303-772-3800 Marshall.Massaro@remax.net
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