3694 Wittaker Cir Johnstown, CO 80534
New listing just posted: http://tour.circlepix.com/home/YASFMX
Description: Opportunity knocks! Spacious, open two story home filled with light! Enjoy the large kitchen with island, open to the family room and offers abundant windows, formal living room can serve as a formal dining area. Main floor laundry/mud room and a 928 sq ft garage. Large master suite with 5 piece master bath and walk in closet. Basement is unfinished for expansion. Great neighborhood offering a private pool, walking trails and park areas.
Home Information:
Beds: 3
Baths: 3.00
Sqft: 3316
Price: $260000
MLS #: 725422
Saturday, January 11, 2014
Wednesday, October 16, 2013
Housing Economic Snapshot
Economic
Snapshot
A look at the
current real estate market; provided by RE/MAX ALLIANCE
October/2013
Economics seem to rule the roost these days. As
such, there always appears to be some degree of drama attached to them.
Economics are the core issue when it comes to mortgage interest rates
fluctuating up and down, the stock market typifying a roller coaster or the
government shutting down because the political parties can’t agree on what to
do.
Buying and selling real estate is an economic
decision. If a seller decides to sell their home, what is the economic impact
to them? What are the economic options left if they do sell? For a buyer,
deciding what to buy is based to a great degree on their economic situation.
How much can they afford? What is the economic bearing on their financial
state?
The 2013 Boulder Valley housing market has
been a year characterized by economics. On average, home values have increased
across the area in most price ranges. Mortgage interest rates have vacillated
between 3.5% and 4.5%, still residing at near historic levels. Buyers have outnumbered
sellers, with available resale inventory struggling to keep pace with demand
and new home construction continuing to be a viable part of the overall market.
The economic scene across the Boulder Valley has shifted
noticeably over the past nearly two years from the previous seven years when
bank foreclosures and short sales, and depreciating property values were more
the norm.
Below is a brief overview of
the activity level for single family homes in a number of
the Boulder
Valley areas through September/2013,
courtesy of IRES, the Northern Colorado MLS.
Area Active
Listings Solds Y.T.D. Absorption Rate
Boulder
County 1118 2766 110 Days Larimer County 1999 4331 126 Days Weld County 1414 3148 122 Days
====================================
Boulder 351 844 113 Days
Erie 113 315 98 Days
Lafayette 75 257 80 Days
Longmont 370 1028 98 Days
Louisville 43 183 64 Days
Suburban
Mountains 270 246 299 Days
Suburban
Plains 239 464 140 Days
Superior 31 114 74 Days
======= ======= =========
Community Totals: 1492 3451 118 Days
The Absorption Rate is the
length of time it would take for the existing inventory to sell assuming the
same rate of sales activity and no new inventory coming on the market.
In September/2012,
Community Totals were 1774 (active listings), 3038 (sold listings) and 160 days
(absorption rate). The Boulder Valley market has
experienced a 16% decrease in active listings, 13.5% increase in sold listings,
and 24% decrease in the Absorption Rate year over year.
Look for the balance of 2013 and moving into 2014 to
mirror what is happening now in the local housing market. Mortgage interest
rates should reside in the 4%+ range, home sales and available inventory will
normally trend down as fall turns to winter.
Tuesday, July 9, 2013
Economic Snapshot
Economic
Snapshot
A look at the current real estate market; provided
by RE/ MAX ALLIANCE
July/2013
Over
the course of the past eighteen months the Boulder Valley real estate market
can be characterized as one of demand exceeding supply. Spawned by low mortgage
interest rates and improved economic conditions, the Boulder Valley real
estate market has flourished. The direct result of that is an increase in home
values. All geographic segments of the marketplace have benefitted, with the
core area of Boulder and those outlying areas closest to Boulder showing the
most improvement.
Below is a brief overview of the
housing market in our area by locale for single family homes from IRES (the
Northern Colorado MLS).
2012 (Thru June) 2013 (Thru June)
Area Average Sales Price Average Sales Price % Change
Boulder $666,232 $749,116 +12.44%
Superior $410,166 $469,584 +14.48%
Louisville $421,352 $504,165 +19.65%
Lafayette $399,302 $423,943 +6.17%
Longmont $255,818 $280,923 +9.81%
Suburban
Plains $546,327 $571,726 +4.64%
Suburban
Mountains $394,289 $427,505 +8.42%
Broomfield $357,499 $391,432 +9.49%
======= ======= =======
Average … $442,418 $476,568 +7.71%
As
the economy has shown signs of stabilization, home mortgage interest rates have
trended up slightly over the past sixty days. The traditional thirty-year fixed
rate loan that could be had for under 4%, now resides closer to 4.5%. All
indications are that mortgage rates will continue to hover around that mark for
the foreseeable future.
Sales
activity for single family homes and attached units across Boulder County continues
to outpace 2012 numbers through June of each year. Single family home sales are
up 6.43%; attached unit sales are up 15.23%; and the cumulative market is up
8.71%. The Absorption Rate for single family homes across Boulder
County is at 144 days through June/2013. That number was 182 days in
June/2012. The inventory level of available single family homes in Boulder
County crept up 5.20% in June/2013 vs. May/2013 (1,355 vs. 1,288).
Faced
with the dog days of summer, the Boulder Valley real estate market is
experiencing continued improvement in sales activity over 2012, an increase in
home values, an upturn in home mortgage interest rates, and fewer days on the
market. With the possible exception of the somewhat higher mortgage interest
rates, the Boulder Valley real estate market is healthy. Look for another
upward push in sales activity before we drift into fall, when buyers and
sellers typically begin the process of settling in for the start of the school
year and the holiday season. This year may be a little different with continued
pent up demand potentially fostering a more dynamic fall selling season.
Friday, May 24, 2013
Friday, April 26, 2013
Wednesday, April 17, 2013
Wednesday, April 10, 2013
Boulder Valley Real Estate Snaphot
Economic
Snapshot
A look at the
current real estate market; provided by RE/MAX ALLIANCE
April/2013
One
of the issues the area real estate market faced as the year began was available
inventory of homes for sale across the Boulder Valley. 2012 ended with 814
single family active listings in Boulder County. That was down 27%
from the end of 2011 (1121 active single family listings).
The decline in
inventory was driven by sales activity. When comparing 2012 to 2011, single
family home sales were up 24.44% (3258 vs. 2618) for Boulder County. Attached
unit sales were up 20.80% (1144 vs. 947) for the same time periods.
Collectively, those two market segments were up 23.47%.
Through March/2013
the Boulder
County real estate market continues to sustain itself. Single family
home sales are up 14.61% compared to through March/2012 (604 vs. 527). Attached
unit sales are up 20.41% for the same time periods (230 vs. 191).
Below are some
sold numbers for single-family homes for
various geographic areas throughout the Boulder Valley. Information is
courtesy of IRES (the Northern Colorado MLS).
2012 Sales
2013 Sales
1st Quarter 1st
Quarter
Area Single Family Single
Family % Change
Boulder 138 143 +3.62%
Erie 50 70 +40.0%
Superior 19 23 +21.05%
Louisville 28 30 +7.14%
Lafayette 43 51 +18.60%
Longmont 172 235 +36.62%
Suburban
Plains 89 96 +7.86%
Suburban
Mountains 34 42 +23.52%
=== === ====
TOTAL 573 690 +20.41%
This
is the scenario that currently exists across the Boulder Valley, Metro
Denver, and Northern Colorado – fewer listings and more sales. Combined with
low mortgage interest rates the result is a perfect storm, if you’re a seller.
Normally,
scarcity creates demand, which in turn adds value to whatever is in short
supply. Looking at the areas noted above and average sales value; here
is what has happened to the average sales value for single
family homes when comparing end-of-year 2012 to through March/2013:
Boulder (+2.62%): Louisville (+1.56%); Lafayette (+12.61%); Longmont (+9.66%);
Superior (+.96%); Erie (+9.50%); Suburban Plains (+5.45%); and Suburban
Mountains (+3.40%). Collectively, these market areas are +5.14%.
Look
for the Boulder Valley spring real estate market to continue to
flourish. Available inventory will creep-up, but will continue to be swept-up
by prospective buyers waiting in the wings. Mortgage interest rates have
trickled-up over the past few weeks, but there are no signs on the horizon they
will shift noticeably either up or down for the balance of 2013.
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