A quick market update for buyers, sellers and investors in Boulder Valley real estate.
Rich's Boulder Valley Real Estate Report
Quick Market Update
In talking to clients and other brokers last month, I noticed a sense that the market is slowing down. Summer is generally a slower time in real estate with people taking vacations and getting ready to go back to school. But looking at the numbers, the market is actually more active this year than it was a year ago. Appreciation is leveling off (single-digit this year compared to double-digit last year), but the number of transactions is up 3.3% from a year ago. The reason for slower appreciation is that the number of homes for sale is up 10% from a year ago. Looking forward from today, school is back in session, we are past Labor Day, and I can tell you that I am seeing increased activity. It looks like the market will remain strong at least until the holidays. If you are considering buying or selling, fall can be a strategically good time to be in the market. I'm happy to help. Please don't hesitate to call me with questions about opportunities for your specific situation.  
- Rich (303) 931-6979

Area Home Sales
Outstanding Week of Arts in Boulder
Another reason to love living on the Front Range:  cultural opportunities are virtually endless. The next week or so boasts some terrific events, most of which are free: 

A festival of literature from all over the world, ZEE JLF at Boulder  is free and accessible to everyone. Rich with words and ideas, the Festival includes distinguished contemporary authors from across the globe.  The event is free to the public, but you must register

CRUSH is back for its seventh year with the largest curated outdoor gallery of  live graffiti paint installations and street art by local, national, and international artists.
Interest Rates
  • 30 year fixed conforming 3.75%
  • 5/1 ARM conforming 3.25%
  • 7/1 ARM conforming 3.375%
  • 15 year fixed 3.0%
  • 30 year fixed jumbo 3.75%
  • 5/1 ARM jumbo 3.0%
  • 7/1 ARM jumbo 3.125%
Friends & Family
I appreciate your referrals and promise to provide excellent service that will make us both look good.  Feel free to forward this e-newsletter or my contact details to anyone interested in Boulder Valley real estate. Thank you.

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Rich Gribbon | RE/MAX of Boulder
303-931-6979 | RichGribbon@BoulderCO.com

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