A quick market update for buyers, sellers and investors in Boulder Valley real estate.
APRIL 2018
Rich's Boulder Valley Real Estate Report
1st Quarter Stats Are In & They Explain A Lot...
I've been eagerly awaiting the 1st quarter stats to see if they contain some clues about the intensity of the current real estate market. After 5 years of steady appreciation, the market was expected to start leveling off in 2018. So far, it's done anything but.

The stats revealed that the number of new listings in Boulder County through the 1st quarter of 2018 compared to a year ago is down 14.1% for single family homes and is down 6.4% for attached dwellings. But, the number of sales increased 2.7% for single family homes and increased 0.3% for attached dwellings. It's no wonder we're seeing multiple offers and rising prices. 

Fewer properties on the market combined with an increased number of sales means appreciation. The median price for a single family home in Boulder County is up 9.6% to $592,000 compared to a year ago, with the  median price for an attached dwelling up 9.2% to $393,000.  

If the inventory of properties for sale remains low, prices will continue to climb. If an increased number of properties are listed this spring and summer,  the market could level out a bit. We'll see what the next few months bring and I'll be sure to keep you informed. In the meantime, don't hesitate to call if I can help with a real estate transaction or simply answer a question.  
Best, Rich
(303) 931-6979

Area Home Sales
Interest Rates
  • 30 year fixed conforming 4.625%
  • 5/1 ARM conforming 4.375%
  • 7/1 ARM conforming 4.375%
  • 15 year fixed 4.0%
  • 30 year fixed jumbo 4.5%
  • 5/1 ARM jumbo 4.0%
  • 7/1 ARM jumbo 4.125%
Intercambio Seeks Support  
Intercambio is a fantastic Boulder County non-profit that improves immigrant lives through English education. I was going to encourage you to attend the organization's upcoming fundraiser, Comedy for Cambio, but the event is sold out. Good for Intercambio! That said, you can still make a difference by giving, with all proceeds benefiting Intercambio's adult English language program. The organization hopes to raise $110,000 to support 55 one-on-one English students and their teachers for the next two years. Learn more and give here.

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.

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

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