I represented the Sellers on this updated Louisville home on a huge lot ($582,500). Also procured was an extremely strong backup offer that wasn’t needed in the end. Inventory in Louisville has been low for a long time. That doesn’t mean it’s easy to sell for top dollar. Many firms have listings that are stale and not moving even in our low inventory market. It takes proper marketing and negotiating to get the job done correctly!
Just Listed: 1548 E 166th Court, Thornton CO 80602
List Price: 510k
Amazing cul-de-sac location on one of the largest lots in the neighborhood! There’s an open floorplan between the kitchen & living room with a rare vaulted ceiling. Out back, a large deck overlooks a massive professionally landscaped private backyard that also includes a patio with gas fireplace, perfect for backyard bbq’s and entertaining! Kitchen has granite countertops, an island, and stainless appliances. Upstairs includes the master bedroom/5piece master bath with two custom closet storage systems, two other bedrooms, a full bath, and a large loft. Main level does have a separate office/studio as well. Looking to cut costs with an energy efficient home? This one has two furnaces/two AC units & pre-wired for solar if desired. Easy access to the hwy’s and close to shopping, don’t miss this opportunity!
As summer officially approaches, let step back to look at the Boulder Area market update for May 2014.
While we did see a 7.5% drop in home sales compared to May 2013 (404 units versus 437 units), detached home sales were up 14.8% this month compared to last month with 404 units sold versus 352 units sold in April 2014.
Inventory for detached homes for sale dropped 40.5% compared to May of last year (942 units sold in May 2014 versus 1584 units sold in May 2013) and inventory of detached homes for sale dropped 27.6% from just last month (942 units sold in May 2014 versus 1302 units sold in April 2014).
Looking at house sales in various locations, Boulder is by far the most expensive city to buy a house in with over half of the houses sold in May 2014 in the over $700,000 range. Longmont was the most affordable area to buy a house with well over half of the houses sold in May 2014 in the under $300,000 range.
Condominium and Townhomes
We also saw a decrease in condominium and townhome sales year over year by 4.7% with 156 units sold in May 2014 versus 149 units sold in May 2013, however condominium and townhome sales improved from last month by 11.4% with 156 units sold in May 2014 versus 140 units sold in April 2014.
We’re also seeing a year to year and month to month drop in inventory of condominums and townhomes for sale. Yearly, inventory fell 50.4% with 206 units in May 2014 versus 415 units in May 2013. Monthly, this inventory drop was 45.6% with 206 units in May 2014 versus 379 units in April 2014.
Looking at house sales in various locations, Boulder certainly has certainly had the most condo and townhome sales with both the most affordable options AND the most expensive options available. Longmont has the second most condo and townhome sales with most options below $300,000.
With visitors regularly coming to Colorado and finding it too enticing to leave, plenty of towns and cities along the Denver-Boulder corridor are growing rapidly. Tucked away in Boulder County near the town hosting the University of Colorado’s main campus, Lafayette is a treasure: still sized like a small town with all the amenities of the state’s biggest cities just a hop and a skip away. If you’re contemplating Lafayette as a place to find a home, read on to find more reasons to fall in love with the town.
Overview of Lafayette, CO
With its proximity to the Rocky Mountains, involved and invested residents, and lively history, Lafayette has a lot to give newcomers and locals looking for a new residence alike. Nestled in Boulder County with downtown Boulder a short distance away, Lafayette has great views of the mountains, easy access to those mountains, and a network of Boulder County trails and parks dotted throughout its borders.
While it’s certainly a ready option, one need not drive to downtown Boulder or downtown Denver for some fun that attracts all ages. The Lafayette Old Town Association pulls out all the stops to create fun seasonal events in the town’s historic center, and Colorado history buffs will get a kick out of open-to-the-public tours of noteworthy homes in the area that date back to the Lafayette’s foundations as a mining town. Local shops and restaurants provide relaxing, high-quality experiences without the hustle and bustle of larger town and city centers.
Those looking for a long-term place to settle down are also in luck. With a variety of condominiums, townhomes, and homes with as much or as little square footage as you could hope to have, options are plentiful for everyone from singles to extended families. And for all that Lafayette has to offer, prices on homes are amazingly affordable.
Lafayette residents get to live in a friendly, close-knit community with numerous ways to entertain themselves. But those aren’t the only reasons to give serious consideration to making the move. Here are a few other practical matters that make Lafayette a great place to live:
Good Reasons for a Lafayette Relocation
Lafayette’s short distance from both Denver and Boulder give locals all the advantages of the big city while still being part of a small, quiet, intimate town. That combination creates some great opportunities for potential residents, including:
Education — Lafayette is part of the Boulder Valley School District, which is among the top-rated districts in the nation. Small class sizes within the city give parents a further boost in their confidence about their children’s education, and the safety the town provides gives them reasons to let kids explore both inside and outside the classroom.
Jobs — The town is a short ride away from Boulder and also easily accessible from Denver. New residents looking to change their careers can also find plenty of opportunities in the corporate campuses of nearby Broomfield or take on a job in one of the new stores that are consistently moving in to Lafayette.
Cost of Living — With its wide array of housing options at readily affordable prices, anyone from young people just starting in the workforce to families preparing for a new baby can find a residence that fulfills their needs and allows them to save money.
Diversions — LOTA puts on a constant effort to make Old Town Lafayette fun and family-friendly. With flower festivals and winter celebrations galore, there’s always something going on in the town’s historic center, and the shops and restaurants in the area give a great way to enjoy good food and shopping in a friendly environment. Naturally, Buffs and Broncos games are also a short drive away, as are the concerts that stop at Denver and Boulder on tour.
Climate — Forget Florida. Colorado residents know that theirs is the true Sunshine State, and Lafayette residents soak up the golden light and gorgeous blue skies. While snowstorms do occur, they rarely last long, and Lafayette residents don’t have long to wait before strolling through Old Town again.
Lafayette has a warm, welcoming environment with plenty for its residents to do. Stop by to take a look, but be prepared to stay!
Just Sold: 1461 Zinnia Circle, Lafayette, Colorado 80026
Asking Price: 449k
SOLD PRICE: 449k!! (I represented the Sellers)
My latest Just Sold property took place within the secluded Weynand Estates subdivision of Lafayette. The home sat on a 1/3 acre, had 5 bedrooms, 4 baths, and a 3 car garage. Not only did my Sellers get full asking price, they had a backup offer for the same amount. Lafayette real estate for sale is hot right now, asking prices are up 9% from the same time last yr and this is supposed to be our slow time of yr. If you’re interested in finding out more about Lafayette and Lafayette real estate for sale, please contact me, Brian MacMillan, for more info. Here are a few photos of the house within Weynand Estates that I just sold:
I’ve been helping homebuyers, sellers & investors in the Denver/Boulder area find the best real estate for their needs for over 10 years. Here’s some advice on what to look for when choosing a real estate agent.
Buying a home offers so many stresses along with the rewards. There are mortgages to contend with, movers to find, and those are only after you’ve found the house that’s worth the time and money. Finding a good real estate agent can save you a good deal of agony on that first, and perhaps most important, step.
Here are three things to look for when deciding who should represent you in this exciting journey.
How to Find Your Real Estate Agent
Tip #1: Get recommendations from your friends and family members
As with any other part of your life, advice from those closest to you can and often should have an impact on your choices on everything from restaurants to major purchases. Finding a real estate agent is no different.
While it’s easy to be blindsided by advertisements for real estate agencies and agents in the local paper, those advertisements only highlight the positives. Your friends’ experiences will give you a look at both the upsides and downsides of the process, giving you a good idea who will be the most trustworthy and sympathetic agent overall.
Tip #2: Find an agent who knows your desired location
Whether you have only a general idea of what you’re looking for or have a list of specific neighborhoods, you want to make sure your agent knows the area and can tailor listings in a given area to your needs. An agent with in-depth knowledge of the city you’re looking in can spare you from spending time looking at a property whose profile won’t fit your needs.
I live, work and play in the Denver/Boulder area and know the neighborhoods like the back of my hand. I can help you find that perfect home, in the perfect neighborhood–even if you don’t know the perfect neighborhood for you yet.
Tip #3: Ask about your real estate agent’s connections
Since home-buying is a multi-step process, hiring an agent who can connect you with a good inspector, appraiser, and loan officer can smooth the purchase process considerably. This will save you time and will ensure that paperwork gets transferred more efficiently.
Finding a house doesn’t need to be a harrowing experience. Making sure that your real estate agent has your best interests at heart will allow you time to focus on finding your home and preparing for the next big step in your life.
Finding a good place to settle down is a challenge for anyone in the home buying market, but for parents and parents-to-be, there are added challenges involved. Not only should a home be spacious enough and be close to one or several neighborhood parks, the quality of an area’s public schools will play a large role in where a family chooses to live.
Parents who find a home within the Boulder Valley School District have little to worry about. The district’s overall ratings put it in the top two public school systems in the state, and Boulder’s idyllic setting and friendly community attract top-of-the-line educators to the area.
Top 5 BVSD Schools
While all the public schools in the area receive high praise from parents and independent evaluators alike, certain schools truly stand out from the crowd. Here are five of those schools, going from elementary to high school:
Bear Creek Elementary School
This K-5 school has received numerous awards, including a Blue Ribbon and several years’ inclusion among Green Star Schools for its positive strides towards teaching reduced environmental impact. With its emphasis on getting children involved in good personal and community habits along with its promotion of academic success, it’s no wonder elementary school parents rave over Bear Creek.
Douglass Elementary School
Douglass’ focus on balancing academics with athletics and arts gives kids a rounded education that marks a refreshing change of pace from the test-taking obsession that has given children less time to explore. And yet, the school still finds itself boasting a tremendous academic success rate.
Summit Middle School
Middle school often feels like an awkward time for everyone involved, from parents to teachers and especially students. And yet, the faculty at Summit, it seems, has found a way to keep students focused enough on their studies that they consistently score well above the state average in academic proficiency. A dedicated principal who isn’t afraid to talk to the students certainly helps matters.
Fairview High School
At Fairview, academics are a central focus, as well they should be. This school is particularly strong in its advanced programs, allowing students to excel in the AP and IB programs, but also looking after students who need a little more help. The school’s formidable reputation in sports gives athletes the kind of training they will need to land college scholarships, but they had best bear in mind that they need to excel at hitting the books as well.
Boulder High School
Located downtown, this school’s academic and athletic prowess makes it stand out even among Boulder schools, but its open campus allows students to learn just enough independence and responsibility to give them an extra push. Its proximity to CU’s main campus and connections with the university are big bonuses for students who have not yet graduated but are ready for college-level work.
Any school within the Boulder Valley District will give children a solid head start in life. Parents who really want their children to shine, however, can give them an extra push by putting them in the schools widely considered to be the best of the best.
If your family has children of school age, I can help find you the ideal home in a neighborhood close to the public school of your choice.
Just listed: 1461 Zinnia Circle, Lafayette, Colorado 80026
Asking Price: $459,000
My most recent listing just hit the market in the Weynand Estates Subdivision of Lafayette (few blocks NE of 95th & Arapahoe). The house is large enough for big families: 5 bedrooms, 4 baths, and enough room in the yard: 1/3 acre. Lafayette real estate for sale is doing well, inventory is low, and rates are in the low 3’s. This would be a great time to take advantage of a home like this, everything has already been done: basement just fully remodeled this yr with a bedroom/bath/rec room, master bath got updated, a mud room off the garage just added, and brand new window treatments are included. Take a look at the photos below and let me know if you, or someone you know, would like to check it out:
As with many other Colorado towns, Lafayette’s real estate market is showing plenty of strength and vigor. Though average listing prices are rising and falling, the median sales price is showing powerful growth from year to year. Every dollar invested in real estate here can be expected to yield good returns in home equity.
A 19.7% annual growth rate in prices is nothing to sneeze at. In just one year, at this rate, your home equity could grow, for example, from $200,000 to $240,000. That’s a gain most stocks and bonds would be hard put to match!
Lafayette MLS Home Sales: Trends This Year
The foremost statistic showing home sales trends in Lafayette, Colorado is the 19.7% rise in median sales price over 2011 prices. Even if a growth rate like that isn’t sustainable over the long term, it shows that positive price trends can be expected to continue for the near future. The current median sales price in Lafayette, CO is $295,000. This means that exactly half the houses sold for more than this amount, and half sold for less. It’s an important figure because these are houses that really sold, as opposed to just being listed.
The real estate market in Lafayette, CO has been staying strong. Search the Lafayette MLS and let me help find you a great deal on a home in Lafayette, CO.
Some of the strongest growth is in areas where home prices are above $500,000, but the rest of the market is doing well, too. Historically, median sales prices have been rising steadily since at least 2000, with a few spikes and valleys. Right now, however, the prices have taken off to a level equaled only twice in the past ten years, in 2005 and 2010. There is a lot of potential for more growth in the future, too.
Home sales are concentrated towards the center of Lafayette, with a few on the fringes. The town isn’t large enough to break down sale by neighborhood, but the central and north areas are the most active zones for real estate.
Lafayette Economic Conditions
Lafayette’s economy is growing. Commercial space that stood idle earlier in the decade is being bought and reopened with new businesses. There are job opportunities in the town itself, as well as in nearby Boulder, though the commute is a bit longer than for Boulder residents. Violent crime affects 0.22% of the population each year, or about 1 in 454 people. This is a bit higher than the county average, but less than the state. Property crime is also lower than Colorado’s as a whole.
Condos are pretty scarce in the town, making up only 10.6% of housing. By contrast, single family homes are 76.4% of Lafayette’s dwellings. 59.1% of the city’s inhabitants are married couples, and 26.3% are single. Houses of all sizes, from single bedroom homes to large abodes with 4 or more bedrooms, are all popular for purchase. Median household income is $56,375, around $9,000 more than the state average.
Living in Lafayette CO
Becoming a homeowner in Lafayette, Colorado is a good choice for several reasons. The town’s improving economy and good prospects for continuing home price increases are two of the biggest. Buying into this town puts you in the middle of promising business activity. It also provides you with a house that will likely appreciate in value if current trends continue. You can leverage these two big pluses to your advantage by finding a good home for yourself in this thriving Colorado town.
With a magnificent view of the Rocky Mountains running along the horizon, and Denver adjacent to the Southeast, Westminster is one of Colorado’s more notable small cities. There are around 100,000 people in the city, but it is currently expanding. The Westminster Mall has been demolished to make way for new construction. Median house prices are rising powerfully. Historical data suggests continued price rises are likely, making home purchases here valuable to the owner.
Being close enough to Denver to fulfill the role of a suburb and having a good economy of its own, Westminster shares a lot of the state’s advantages. Good housing markets with plenty of potential future increases in home equity are themselves enough to make a dwelling here a good buy. Add in easy access to work in Westminster or in Denver itself, and there are clearly major benefits to becoming a homeowner here.
Westminster MLS Home Sales: Trends This Year
Median sales prices in Westminster have had a varied history over the past decade or so. During the early 2000s, up until about 2007, they rose steadily before leveling off. In late 2007 and into 2008, they dropped sharply. Prices stayed almost level for several years at a point somewhat below their 2007 peak. Now, however, they are rising strongly at the start of a new upward trend, leading to median sales prices of $214,900, a rise of 10.2% over a year ago.
The number of homes listed for sale at any one time goes up and down strongly over time. However, around 500 sell every month, so you’ll clearly have a decent choice. Sales naturally trough in the winter (a good time to buy) and peak in the summer (a good time to sell). The number of houses on the market has increased a bit more than average lately thanks to the expanding real estate market.
Considering the neighborhoods within Westminster, some of the most popular include:
- Standley Lake has a whopping 5.1% increase in listing price per week lately, with the average house costing around $139,000 there.
- Madison Hill has stable prices but is very much sought after, and has slightly lower prices at around $120,000 on average.
- Prices are falling anywhere from 0.7% ro 2% weekly in Silo, Pebble Brook North, and Walnut Grove, but buying and selling here is still quite vigorous and properties are desirable here.
The Kinds of Houses People Want in Westminster
Single family homes make up the bulk of purchases in Westminster, Colorado today. 79.8% of home sales are of this type of abode. However, condo sales, which make up 14.9% of the market, take place mostly in Standley Lake.
3 and 4 bedroom houses offer the highest rate of equity growth as their prices have spiked upwards as much as 13% since this time last year. 1 and 2 bedroom houses aren’t bad, either, though – they just can’t compete with the success of larger homes. 58.1% of homes in the town are owned by married couples.
The town has higher than average property crime rates for Colorado, but quite a bit less violent crime. Per capita, household, and family incomes are all far above the state averages – showing the solid bulwark of economic success that underlies the vibrant housing market.
Westminster CO Real Estate Future
Westminster is a good Colorado town to live in. It’s conveniently adjacent to the capital but has low violent crime rates. The economy is thriving, the town is expanding, and property prices are low enough for middle class people to afford them – with the strong price growth trend that promises good things for the future of your home equity.