A quick market update for buyers, sellers and investors in Boulder Valley real estate.
AUGUST 2017
Rich's Boulder Valley Real Estate Report
Interesting Stuff
According to a Zillow study, the average price of homes nationwide within 1 mile of a Whole Foods or Trader Joe's increased 144% between 1997 and 2014 compared to a national average of a 70% increase in home value between 1997 and 2014. The average price in Boulder increased 191% between 1997 and 2014 while the average price of homes within 1 mile of Whole Foods and Trader Joe's (28th and Pearl) increased 234%.  The article by Zillow concludes by pondering whether  both chains are either incredibly smart about finding neighborhoods on the verge of gentrifying or whether  the opening of either location positively impacts home values.  I would say that both Whole Foods and Trader Joe's are incredibly smart about finding neighborhoods on the verge of gentrifying.  After all, who would have guessed years ago that the area around the Crossroads Mall would be considered the hip and central location it is today? Read the full article here. 
 
I hope you and your family are enjoying the final days before school starts. Please don't hesitate to contact me if I can help you, a family member or a friend with any real estate needs, even if they just want to ask a question. - Rich
Area Home Sales
Miraculous Giving
RE/MAX OF BOULDER was recently named a "Miracle Office" by  Children's Miracle Network Hospitals (CMNH) for supporting  Children's Hospital Colorado through donations from every home sale. I am proud to have been a part of the effort to support this great cause.  
 
One of the nation's top pediatric hospitals,  Children's Hospital Colorado is internationally recognized for its medical, research, education and advocacy programs, as well as comprehensive everyday care for kids.  Read more about our partnership with Children's Hospital in this recent Daily Camera article
 
Interest Rates
  • 30 year fixed conforming 4.0%
  • 5/1 ARM conforming 3.375%
  • 7/1 ARM conforming 3.5%
  • 15 year fixed 3.125%
  • 30 year fixed jumbo 3.875%
  • 5/1 ARM jumbo 3.0%
  • 7/1 ARM jumbo 3.25%
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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