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Christa's HOT PICK of the Week!

by Cory Dudley

 

My HOT PICK for the week is 242 Stickney Street in Lyons, Colorado!

 

 

Live at the base of the mountains, 30 minutes to Rocky Mountain National Park, 15 minutes to shopping in Longmont, a beautiful commute to Boulder along the foothills highway, MILES and MILES of trails to explore, thousands of acres of Boulder County Open Space, there’s world class BEER here too – you’d be walking distance to Oscar Blues! You’re around the corner from The Stone Cup, the bestest little coffee shop in Boulder County.

Need I say more, it’s front range living at its finest!!!

 

 

Built in 2007, it has the charm of a historic bungalow with none of the older home fixing up. ​

 

 

Beautiful, warm, classy kitchen! You want to cook here! Your house will become the weekend getaway home for all your friends! Maybe that’s a good thing… maybe not…?

 

 

Open floor plan with vaulted ceilings. ​

 

 

3 bright bedrooms all on the main level, updated baths and a fully finished basement. 

 

 

Co​nvenience, charm, location, space! This is a Lyons gem! It won’t last long, but I’d love to check it out with you and then go grab a beer! Let’s do it! 😲 Call, text or email – 303-913-9698​

 


 

(Listed by Gateway Realty Group)

 

 

Christa Marsh is a full time Realtor® and Buyer’s Specialist. From first-time home buyers to seasoned home-buying pros, Christa has all the tools and support to make the process fun, efficient, and most importantly SUCCESSFUL! Call, text or email at christa@justlistedcolo.com | 303-913-9698

 

JUST CLOSED in Golden, Colorado...

by Cory Dudley

 

Congratulations to our sellers, who have officially CLOSED on their home in Golden, Colorado. We received many phone calls and so much interest on this property, and were happy to have helped our clients maximize their return. 

 

 

Call us if you want a 'SOLD' sign in your front yard! 

 

 

Cory feels blessed and honored to be a top producing, full-time real estate broker and business owner in beautiful Colorado. He gives everything he has to fulfilling his client's dreams of home ownership - and it's a privilege he doesn't take lightly. His family includes his wife and daughter, and they feel fortunate to call Longmont their home.

Cory can be reached by mobile at 303.641.8597 or email at cory@justlistedcolo.com

UNDER CONTRACT on the Western Slope!

by Cory Dudley

 

We love that our Old Town Real Estate office lives in Longmont, close to shops, restaurants and our fellow local small business partners. But we actually help clients buy and sell homes all along the Front Range - and beyond! Whether you're moving down the street or across the state, we're knowledgeable in every corner of colorful Colorado. 

Congratulations to Cory's friends, who are officially UNDER CONTRACT on a cute home in New Castle, Colorado! 

 


 

New Castle is a small town nestled in the Colorado River Valley, at the western edge of the Rocky Mountains. The town prides itself on being 'authentically Colorado'; Western Colorado's best kept secret. Here our clients will find that small town charm meets excellent mountain living and outdoor activities aplenty.

If you're looking for unique mountain living in Boulder county, click HERE to check out homes currently available! We're happy to take you for a closer look if anything catches your eye...

 

 

Cory feels blessed and honored to be a top producing, full-time real estate broker and business owner in beautiful Colorado. He gives everything he has to fulfilling his client's dreams of home ownership - and it's a privilege he doesn't take lightly. His family includes his wife and daughter, and they feel fortunate to call Longmont their home.

Cory can be reached by mobile at 303.641.8597 or email at cory@justlistedcolo.com

 

Cory's HOT PICK of the Week!

by Cory Dudley

 

My HOT PICK for the week is 462 Aspen Drive in Lyons, CO. Maybe our weekly Rocky Mountain National Park Series has you thinking about a family get-away home...


 

In the secluded Big Elk Meadows Subdivision, this cabin feels far away from the daily grind of day-to-day life - and the stresses that come with it. Despite the secluded vibe, you're nestled nicely between Lyons and Estes Park...

 

 

A true, log cabin build and skylights give this home plenty of light and a rustic feel throughout.


 

The spacious laundry room is located on the main level for easy access - clothing washer and dryer are both included.

 

 

The walk-out basement has a built-in radon system and is 90% finished! Complete with a crawl space for additional storage.

 

 

If you're looking for a bit of quiet, the deck provides some solitude and a beautiful view.

 

 

This home sits within the Estes Park School District and horses are allowed.

Proximity to both Estes Park and Lyons gives you great opportunity for outdoor fun and exploration all year-round. Check out the Estes Park Blog for the inside scoop,  and put Hall Ranch on your list of places to visit.


#BringingYouColorado

 

(Listed by Carol Davis)

 

 

Cory feels blessed and honored to be a top producing, full-time real estate broker and business owner in  beautiful Colorado. He gives everything he has to fulfilling his client’s dreams of home ownership - and it’s a privilege he doesn’t take lightly. His family includes his wife and daughter, and they feel fortunate to call Longmont their home.

Cory can be reached by mobile at 303.641.8597 or email at cory@justlistedcolo.com.

 

Announcing our Newest Buyer's Agent - Christa Kenny

by Cory Dudley

It is with great pleasure that we announce our team's addition, Christa Kenny, The Winning Team Real Estate's newest Buyer's Agent.

Christa is a Licensed REALTOR for The Winning Team Real Estate Group at Old Town Real Estate in beautiful Longmont, Colorado. Christa is The Winning Team's Buyer's Specialist. Her business background gives her the experience and expertise a Buyer needs and wants in today's competitive market.

Christa lives with her contractor husband, Guy and their two pups Bubba and Whim in the foothills North of Boulder. Christa can be found spending her free time mountain biking, skiing, running and enjoying her home and property.

It's all that Colorado has to offer that keeps Christa and Guy happy, healthy and enjoying life to it's fullest.

Christa can be contacted via email  christa@justlistedcolo.com  or mobile 303.913.9698.

Welcome Christa!


Market Update: October 2015 Longmont Area Stats

by Cory Dudley

Oh how I love FALL. Average prices are slowly stabilizing and homes are remaining on the market for more than a week. Offers aren't coming in by the dozens the first weekend on the market. All of this can mean only one thing: the hot real estate market is cooling off.

You may not believe this, but these things are normal for this time of year. You may also experience some of the following symptoms of Fall: fewer showings on your listings, seller anxiety over longer marketing times, downward price adjustments, and quite possibly, less than full price offers. It is fall, but I assure you, the sky is not falling.

Just as the leaves change so does the business of real estate change. This year is no exception, but for some reason it feels different, doesn't it? I think the reason is because sales activity in the late summer months never really slowed down. We never eased gently into fall/winter. The market had 122 closings last month, which is actually very high for October. For November the  prediction of 105 sales would be a record November. Who knows anymore...even the trends are trending away from trends.

Our good friend inventory levels, or lack thereof, will keep us warm and insulated from a cold winter. A quick check showed the 266 Active and Under Contract listings in this report is only 113 Active listings. Of those 113 active listings, there are 23 under construction, leaving just 90 homes for sale in Longmont. Heck there are 83 condos for sale. Even with the talk of the Fed raising interest rates, it won't change inventory and there will still be a shortage of homes in town. The inventory issue will not be going away soon. Our best guess is there is at least another year or two of steady prices and tight inventory.



October 2015 Longmont Area Stats
Residential Highlights

  • Boulder Avg Price in Oct: $952,916!
  • Longmont Active SFR Listings: 90
  • Carbon Valley Avg DOM: 50
  • BoCo Plains Avg Price: +23.4%
  • Longmont ATD Oct Closed: -41.9%

This month's graph is comparing the January through October Year to Date sales totals. The line is just a 2 period standard deviation trend line that I just figured out how to add. I think we have a decent shot at breaking the 2004 all-time high sales total. We are 11% ahead of last years' sales total on single family resales and that is the lowest increase in this report. Boulder Count Plains is up a healthy 13.5% and both Longmont Attached and the Carbon Valley are both up nearly 40% in sales volume alone. Those are flat-out crazy numbers.

Click here for .pdf file
Click here for .jpg image file
Click here for the Word .doc file

The average prices around here have been described by some Realtors as insane. Count your blessings and realize there is no insanity here in Longmont. It's located about 10 miles south by southwest of here (Boulder for those of you who are directionally challenged). That's where the Average Price of a home in October of 2015 is: $952,916! And here is the really funny part... their days on market = 66. The average price in Boulder is almost 3 times higher than ours (2.86 times to be exact). Prices are lower in Longmont than in any of the following nearby towns of: Berthoud, Mead, Lafayette, Louisville, Superior and Erie.

So, since we are surrounded by crazy high prices and low inventory, our market strengthens. Plan on a future local market place that’s healthy with steadily rising prices, continued tight inventory levels, low DOM, and strong sales for at least two to three years.

So what are you waiting for…? Jump into this market NOW while the markets working in your favor.

New Home Sales Surge

by Cory Dudley

New Home Sales Surge | Keeping Current Matters

 

According to the latest report from the US Census Bureau and the Department of Housing and Urban Development, newly constructed home sales jumped 5.7% month-over-month and 21.6% year-over-year to an annual pace of 552,000.

Many buyers are looking to the new homes market to make up for the lack of existing home sales inventory. National Association of Home Builders Chief Economist David Crowe explains:

"Today's report indicates the release of pent-up housing demand as the overall economy strengthens, consumer confidence grows and mortgage interest rates remain low. The housing market should continue to move forward at a modest but more persistent pace throughout the rest of 2015."

Regionally, the Northeast led the way with a 24.1% increase in new home sales, followed by the South (7.4%) and West (5.4%). Sales in the Midwest declined by 9.1%.

The inventory of new homes for sale currently sits at a 4.7-month supply down slightly from July (4.9) and significantly from August 2014 (5.4).

Buyers who purchased a new home were willing to spend more to get the amenities that they wanted. The median home price for new homes was $64,000 higher than existing homes in August at $292,700!

Approved applications for building permits increased 3.5% over July and 12.5% over this time last year. Permit applications are seen as a strong indicator of builder confidence in the market.

Bottom Line

Buyer demand continues to outpace inventory of homes for sale. If you are thinking of selling your house this year, now may be the time to list before builders have a chance to replenish the supply of new homes.


 

Sales of Boulder County mountain homes soaring after years of fire, flood

Single-family home sales up 74 percent

 

 

 

Sales of single-family homes in the suburban mountains west of Boulder are up nearly 74 percent from last year, according to data compiled by D.B. Wilson at Re/Max of Boulder.

 

 

"Sales and list price are up, inventory is down, and the percentage under contract is as high as I've seen it or can remember," said Wilson. "All of this shows that this is a really strong market."

Jasper Kaminsky, 7, helps paint a shed on his parents property that is for sale in Nederland.
Jasper Kaminsky, 7, helps paint a shed on his parents property that is for sale in Nederland. (Mark Leffingwell / Staff Photographer)

"For the number of sales in the first six months to be 74 percent more than a year ago is a strong indicator that mountains have really bounced back after floods and wildfires from some years ago."

Heather Gray, a real estate agent with Re/Max Alliance in Nederland, said those numbers absolutely reflect the reality of the market she's working in.

"It's the best market I've ever had," Gray said. "(Properties) are selling closer to their value and really quickly, and we haven't seen that in who knows how long."

Fire, flood devalued homes

The market was depressed in part by the huge Fourmile Fire of 2010, which burned nearly 6,200 acres and destroyed 165 homes, according to Boulder County officials. A scant three years later, almost to the day, flooding surged through the foothills, sweeping away 349 homes in Boulder County.

Those combined natural disasters — the two "F words," as many in the business call them — slowed home sales beyond the typical recovery period, said Jimmy Keith, a Re/Max of Boulder agent who specializes in mountain properties.

"Fires (typically) slow down sales for one year," Keith said. "The flood has slowed things for two years."

The Fourmile Fire caused $100 million in property damages, according to Boulder County assessor Jerry Roberts, and property losses from the September 2013 floods were valued at $95 million.

About half of the properties lost in the Fourmile Fire were not rebuilt, said Garry Sanafacon, Boulder County flood recovery manager, as homeowners moved simply to get away or because they did not have enough money to rebuild.

Numbers weren't available for building permits and certificates of occupancy for homes destroyed in the 2013 flood, but more than 30 homeowners have expressed interest in a buyout program offered by the county and the Federal Emergency Management Agency (FEMA).

Of those, 12 have been approved by FEMA for purchase, the Times-Call reported Tuesday.

Homes selling near value

Though many fled the area, others stayed put, hoping that the market would revive enough for them to recover the value their homes lost in the wake of the calamities.

That day might have come.

Jamestown and Fourmile Canyon homes are selling "really well," Keith said, and much closer to their listing price than in previous years.

The sales price to list ratio is nearly 97 percent, up two percentage points from last year.

Though the average price of a single-family mountain home is down 3 percent — $519,686 in the first half of 2015, compared to $537,822 in 2014 — Wilson said that is mostly due to lower-end properties being snapped up.

The median price for the same area is up 5 percent, to $447,900.

Keith said that homes in the $400,000 price point are "pretty hot."

"In the mountains, you can get a nice home for $450,000 to $650,000," Keith said. "In Boulder, that's the base price."

Re/Max realtor Jimmy Keith in a home he is listing for sale in Nederland.
Re/Max realtor Jimmy Keith in a home he is listing for sale in Nederland. (Mark Leffingwell / Staff Photographer)

The average price of a single-family home in the city was $790,000 for the first six months of 2015, a 15 percent increase over last year.

Tom Kahn, a 40-year veteran of the Boulder real estate market, said the continued climb of prices in town has caused more prospective buyers to look elsewhere for more value.

"If you take $500,000-$700,000 to the mountains, you get a lot more bang for your buck," Kahn said. "As you get farther up, you get a lot more house."

More 'mature' buyers seek rural lifestyle

An influx of out-of-state buyers, seeking the "Colorado lifestyle" is also driving sales in the area.

"(They) are the kind of buyer that says, 'I'm coming to Colorado for a reason,'" Kahn said.

Karol and Loran Smith in October closed on a house halfway between Boulder and Nederland, off Magnolia Road. The Smiths moved from New Hampshire in August 2013, and lived in the city and in Boulder Heights before deciding to purchase a home farther into the mountains.

"We looked all over — Lafayette, Lousiville, Lyons," said Karol Smith. "We knew Boulder was sort of out of our reach (financially), and it was a little too crowded for us.

"We're from New Hampshire, so we're used to kind of mountains and being kind of remote, and that's sort of the way we prefer it."

Karol travels to Boulder for her job as a loan processor — "It's 20 minutes, door to door" — and her husband, Loran, who is self-employed as a carpenter and tradesman, drives to various jobs throughout the Denver metro area. Neither of them minds the commute.

"We rented the first winter off Lee Hill Road and saw what it was like commuting all winter," said Loran. "It was pretty much what we expected, so when we saw this property, it was just a beautiful spot."

The couple, in their 50s, typifies the new mountain buyer, said Keith — people who are pursuing a quieter life away from the "shopping and malls" in Boulder.

"Our buyers are slightly more mature," he said. "They are quite demanding and smart in wanting a rural lifestyle.

"These people are not even considering new, pre-built homes that are dominant in Lafayette and Louisville. They aren't interested in cookie cutter."

Keith said his buyers — many of whom are employed in the high-tech industry — take advantage of technology that allows them to work from home.

And those who do commute, he said, prefer a canyon drive to the snarled mess that has been U.S. 36 in recent years.

"The commute going east is difficult. It's quite free-flowing up the canyon, and people are realizing that 20 minutes up the canyon — that's three traffic lights in Boulder."

Supply dwindling

The rush of buyers to the mountains is likely to peter out soon.

Inventory is down — way down. Wilson's data revealed a 44 percent decrease from last year in single-family mountain homes.

That low supply, coupled with a demand that shows no signs of slowing, has resulted in an "aggressive market," Gray said.

"They're running out of homes down there (in Boulder)," she said, "so they're coming farther up."

Keith said that, although homes are reclaiming their pre-disaster value, he doesn't expect that too many more people will decide to sell.

"It's not that people wouldn't sell, it's that they can't get enough for their mountain house to move down to Boulder. That inhibits people."

Kahn offers a kinder view, one based on loyalty and the rugged spirit of mountain dwellers.

"The Daniel Boone spirit has been whipped out of the average person," Kahn said. "But with people on Magnolia, Flagstaff, Sunshine Canyon ... once they're up there, that's their mountain. They wouldn't trade it in for any other."

Shay Castle: 303-473-1626, castles@dailycamera.com

The Kaminsky home that is for sale in Nederland, Colorado.
The Kaminsky home that is for sale in Nederland, Colorado. (Mark Leffingwell)

The Winning Team Real Estate Group at Old Town Real Estate Co.
522 Kimbark Street • Longmont, Colorado 80501 | o:303.776.4004 • c:303.641.8597 • f:303.776.4661
Email: cory@justlistedcolo.com  Connect:  Twitter | Facebook | Link

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