November 22, 2016
Happy and Healthy Holidays to Everyone
OCTOBER 2016 MARKET UPDATE BOULDER CO REAL ESTATE
and SURROUNDING COMMUNITIES including ESTES PARK
A Saddle of Joy by Jack Sorenson – Artist
Shrinking State Inventory
Within the State of Colorado, single-family inventory was down 31.9% in
October 2016 as compared to October 2015.
So…What Is External Obsolescence?
A factor that reduces the value of an improvement (home) because of something
external to the property itself…something outside of the home location that may
cause a lower property value. For example 1. Busy Road (extra noise and traffic);
2. Commercial Buildings (not a good mix in suburban areas); 3. Landfill (excessive
smell and truck noise); 4. Railroad Tracks, Airport (noise factor); and 5. High Voltage
Towers (poor visual and possible safety concerns).
Thinking of Buying a New Home…
Enlist the services of a Buyer’s Agent. Why? Expert experienced advice with negatives
of Builder’s Contract, lot selection and sun orientation, designer finishes, structural
upgrades ( two year verses ten year warranty), monitoring your budget, choosing
an independent property inspector to certify builder compliance. The builder pays
the cost…no cost to the Buyer. www.new.coloradosbestbroker.com/colorado-home-buyers/
What Does “As Is” Mean?
Some consumers see this as a warning…others see it as an opportunity. Technically,
the term implies the owner is selling the home in its present condition. No repairs or
improvements will be made nor any buyer credits for repairs. Still thinking of moving
forward with a purchase, always obtain a Home Inspection. Contact us for a list of
our trusted home inspectors.
City of Boulder for October 2016
Median Sales Price…… $855,000 (+14.2%) from previous year
Average Sales Price…. $1,016,734 (+13.6%) from previous year
At present, mortgage rates have increased to 4.125% per annum fo a 30-year Fixed
Rate Loan. Origination Fee: 0.00%…Discount Points: 0.00%.
Enjoy the Thanksgiving Season….
For Sale in Evergreen CO – A Masterpiece in Design and Construction
21,236 Total Sq Ft – 16,817 Fin Sq Ft – Built 2015 – 35 Mountain Acres
Offered at $17,500,000 – Marketed by LIV Sotheby’s International Realty
{for an exclusive showing, contact us}
If you or family/neighborhood friends might be planning a move this Winter or Spring,
please contact us.
Enjoy the Thanksgiving Season….
Bruce Royer
Equity Colorado Real Estate
Direct: 303-589-7168
Toll Free: 800-373-1282
bruceroyer@equityco.net
bruceroyer034@gmail.com
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Jack Sorenson – Artist
