January Market Update for the Boulder Area

Happy New Year! It's officially 2021, which felt like it would never come.
We have some encouraging numbers and predictions to kick off the new year, so let's get right into it! The market is hot! �
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National Numbers
Homeowners gained equity all across the US during 2020. Colorado homeowners gained an average of $18k.
The average equity gain among homeowners across the entire US sits at $17k, making the average total equity $194k for mortgaged homes in 2020.
Appreciation predictions show that if you purchase a $300k home in January 2021, it will be worth up to $354,221 5 years later in 2026, making for almost a $55k equity gain! That's pretty enticing if you're a buyer!
We've been saying for months that we've experienced relatively no drop in market activity even with our current economic downfall, and this proves it! 2020's recession provided the highest percentage of price increases from any other recession since 1980.
Unemployment rates are expected to reduce throughout 2021, making for even more economic stability, but more importantly, making for a closer to "normal" feeling for many Americans still struggling from COVID-19.
Interest rates are at record lows. Buying NOW could save you almost $200 a month and a whopping $68k over the life of your loan. If you're hesitant to get into the market, let this be your motivation!
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Colorado Numbers
BoCo is currently sitting below the market activity reported from this time last year. It all stems from lack of inventory because without listings, there will be less price changes, less listings going under contract, etc. When we have listings, and they're priced right, they're receiving multiple offers in a matter of days.
Zillow predicts up to a 10.5% price increase over the next year in some areas. See below for the rest of their predictions and current median home values...
Here's what Zillow predicted was GOING to happen in 2020 and the median home values from 2019...
If you're a seller, we can't stress enough that it's a GREAT time to sell with heightened equity and a large demand from buyers. Although we may see predictions for even more equity gain in the next 5 years, one thing is certain - those are only predictions and there is proven equity NOW.
If you're a buyer, don't let "skyrocketed" prices scare you. Remember, interest rates are at record lows, which will save you money NOW and home prices are predicted to continue rising, making for more equity for YOU later on.
Happy New Year! It's officially 2021, which felt like it would never come.
We have some encouraging numbers and predictions to kick off the new year, so let's get right into it! The market is hot! �
_____________________________
National Numbers
Homeowners gained equity all across the US during 2020. Colorado homeowners gained an average of $18k.
The average equity gain among homeowners across the entire US sits at $17k, making the average total equity $194k for mortgaged homes in 2020.
Appreciation predictions show that if you purchase a $300k home in January 2021, it will be worth up to $354,221 5 years later in 2026, making for almost a $55k equity gain! That's pretty enticing if you're a buyer!
We've been saying for months that we've experienced relatively no drop in market activity even with our current economic downfall, and this proves it! 2020's recession provided the highest percentage of price increases from any other recession since 1980.
Unemployment rates are expected to reduce throughout 2021, making for even more economic stability, but more importantly, making for a closer to "normal" feeling for many Americans still struggling from COVID-19.
Interest rates are at record lows. Buying NOW could save you almost $200 a month and a whopping $68k over the life of your loan. If you're hesitant to get into the market, let this be your motivation!
_____________________________
Colorado Numbers
BoCo is currently sitting below the market activity reported from this time last year. It all stems from lack of inventory because without listings, there will be less price changes, less listings going under contract, etc. When we have listings, and they're priced right, they're receiving multiple offers in a matter of days.
Zillow predicts up to a 10.5% price increase over the next year in some areas. See below for the rest of their predictions and current median home values...
Here's what Zillow predicted was GOING to happen in 2020 and the median home values from 2019...
If you're a seller, we can't stress enough that it's a GREAT time to sell with heightened equity and a large demand from buyers. Although we may see predictions for even more equity gain in the next 5 years, one thing is certain - those are only predictions and there is proven equity NOW.
If you're a buyer, don't let "skyrocketed" prices scare you. Remember, interest rates are at record lows, which will save you money NOW and home prices are predicted to continue rising, making for more equity for YOU later on.
_____________________________
We Have Buyers!
Boulder
1: West Boulder, near trails, 3000+ SqFt, up to $2M
2: Condo for investment, up to $400K
3: 2 homes on the "Hill," 2+ beds, one up to $650K, one up to $850K
4: On the Boulder Country Club Golf Course, up to $2.5M
5: North Boulder condo, first floor, covered parking or garage, quiet area, up to $500K
Rural
1: Nederland, 2+ beds, up to $525K
2: East Boulder County, 1+ acre, shop for working, up to $900K
3: Weld/Larimar/Broomfield/Adams Counties, 2+ acre horse property, up to $900K
Lafayette/Erie and Surrounding
1: Lafayette/Erie/Louisville/Superior, 2000+ SqFt with basement, up to $800K
2: Lafayette/Louisville/Heatherwood, up to $700K
3: 36 Corridor/North to Lafayette/Erie, small home up to $500K
4: Lafayette, 1995 or newer, up to $650K
Gunbarrel
1: Country Club Greens condo, first floor, 2+ beds, 1+ bath, attached garage
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Winter Fun-tivities
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It may be a new year, but we're still giving back...
Here at RE/MAX Alliance BoCo, it is always our goal to help the individuals, businesses, and causes in our communities. We're not just in the business of real estate, more so, we are in the business of helping those in need. Please consider helping us support the businesses and causes below:
Wildfire Resources
It's times like these that are more important than ever for us to come together as a community. This year's wildfires across Colorado left so much destruction and devastation in their paths, and there are many residents and firefighters that could use our help.
RE/MAX Alliance is helping to raise funds for The Red Cross. You can make a donation today by following this link.
Children's Miracle Network
Donate Blood and Platelets. If you're healthy and able to leave home, the Children's Colorado Blood Donor Center in Aurora is seeking blood donations. More information about donating blood can be found here.
Longmont Humane Society
We're a proud partner with the Longmont Humane Society. Please consider donating by following this link, OR purchase items from their Amazon Wishlist to be delivered directly to them!
We will cover your adoption fees on Tia, if adopted by January 31st. Don't forget to mention RE/MAX Alliance Boulder County!
Tia
This delightful senior girl has a heart of gold and is ready to meet her new best friend for life – could it be you? Tia is eight-years-old, absolutely adores being in the company of people of all ages and will make an excellent companion. She is affectionate, inquisitive and has excellent leash manners. Though she is a lover of people, Tia is looking for a home where she can be the only beloved pet, please.
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If you're looking to buy or sell, we'll go to bat for you. Here's how we advertise properties for a quicker, more successful sale...
  • Virtual Property Tour - See a sample here
  • Matterport 3D Walk-Through - See a sample here
  • FaceTime/Skype/Zoom Walk-Through - Video call walk-through done by me, as your agent, or by the seller/seller's agent
  • 'Just Listed' Email Sent - Photos/basic property info, link to your listing on my website, sent to around 2000 local agents for their searching buyers
  • 'Just Listed' Postcard - We have many resources and templates to provide your property with a custom, full color, professionally printed postcard
  • 7 days of free advertising through Adwerx - To specific demographics that could be a match for the property
  • Property Auto-Posted to our Office Facebook Pages - See a sample here
  • Printed and Digital Newspaper Ads - 3 ads Run Friday, Saturday, and Sunday featuring up to 40 listings
Look for our newspaper ads in the Daily Camera and Longmont Times-Call!
Please visit our Community Resources webpage for any needs that you or your family might have. We will continue to update the page as we get more information.
Want Market Insights in this time of uncertainty? We even have pre-built Market Update Videos for over 50 areas across Colorado... because RE/MAX Alliance knows the market and wants to keep you informed!
We are grateful that we are uniquely positioned to help our clients achieve their real estate goals through:
  • A strong Worldwide Network of professional agents
  • Cutting edge technology and analytical insights
  • Strong and assertive Online Presence
  • Cloud-based infrastructure
  • Virtual showing capabilities, like FaceTime or Matterport
  • Cutting edge marketing expertise
  • Instant Offer Aggregation Program - which allows our clients to explore multiple "iBuyer" options simultaneously to see if an Instant Offer may be the best solution
  • A unique relationship with our affiliate partner Home Mortgage Alliance, giving us insight into the mortgage side of real estate and allowing us to lean into other professionals to provide quality solutions to our clients

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