2Q21 Boulder County Stats

The first half of the year's numbers are in and they are still maintaining the trend from the first quarter. We've seen an uptick in listings this month, although that wasn't hard to do since we were so low to begin with.

Buying activity seems to have slowed a bit as people go on vacation. This was not something we saw last year with Covid - could be that we are returning to a more predictable seasonal pattern. If so, things will pick up a bit after Labor Day until November.

If you need a market activity report for your county or neighborhood let me know. It's still a good time to sell!

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I would love to help you with your real estate journey. 

Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

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FOR SALE: 1562 E Riverbend Street, Superior

This one will not disappoint! The owners of this Rock Creek 2-story have taken great care of their home, and polished up the cosmetics, too! Let's start with the the 3 bedrooms up and 5 piece primary bathroom. Two of the bedrooms share a full bath and have some separation from the primary bedroom. All of the windows in the house have been replaced in the last few years and let in a ton of natural light. The main floor has a renovated eat-in kitchen with counter seating along with a formal living and dining room. The family room has vaulted ceilings, wood floors and a gas fireplace. Top it off with a main floor bed/office, remodeled powder room and laundry.

The finished basement has a 3/4 bath near the conforming guest bedroom, storage space, plus a large bonus room that serve many purposes at once. The basement carpeting is brand new and the water heater is just two years old. The private backyard has a play structure and deck, with patio furniture that can be thrown into the deal. Since this is a corner lot, the 2-car garage side loads with a south facing driving so the snow will melt by midday. A radon mitigation system is already installed and a pre-listing inspection has been done to give the new buyers peace of mind and offers are due by the evening of July 18. Asking price is $849,000 and includes the neighborhood amenities - tennis courts, pools, clubhouse, exercise room and walking trails. Just minutes to shopping and restaurants in a few directions - drive over and see why people love Superior!

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I would love to help you with your real estate journey. 

Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

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Broomfield Heights 1st Filing 2Q21 Stats

Are we returning to a more normal real estate schedule? Last year, nothing was normal. Like everyone else, we were completely shut down for a few weeks. When things started going again they didn't slow down, not even very much in July and during the holidays.

This summer we're seeing the typical slump in showing activity while people head out on vacation, excited to be out in the world again. We are still low on inventory, and properties under $600,000 are still moving quickly.

Broomfield Heights 1st Filing saw 15 houses close in the second quarter, keeping pace with last year and exceeding the three years prior. 

The median $/sqft foot dropped slightly, but I'm not very concerned about that being a trend. That number moves from month to month depending on what is on the market. Also, I noticed more houses than usual in the neighborhood were sold off-market, at least one to a family member at a steep discount. Houses that don't make it to the MLS generally sell for less than they would have had they been given adequate market exposure and had a real estate expert negotiating and advocating for the seller's needs. If you'd like a Comparative Market Analysis of your home, contact me anytime, no obligation!

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I would love to help you with your real estate journey. 

Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

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Another Satisfied Customer

My business operates mostly on referrals. My goal is to make happy clients that talk to me about their friends and family. Not only does this help my business survive, but if I get along with a client chances are I'll get along with the people they know. This is a great way to work.

Robin and Patrick bought a condo in Boulder about 6 years ago and just moved up to a detached home. The process was a little tricky in that we had to find a seller who would accept a contract contingent on the sale of their condo first. In this seller's market, it's unlikely in the Denver/Boulder area. As it turns out, they fell in love with a newer neighborhood in Loveland, so the seller gave us a week and a half to get the condo under contract and we were able to do so.

Communication with the other agent was not so smooth, as she was moving herself and her assistant quit. But she was good-natured and we eventually got all of the threads tied up. Robin left this review on my Google business page:

"I cannot say enough great things about working with Robbin. We first worked together seven years ago when we bought our first place, and she was the obvious choice when it came time to sell that place and buy a house. The process of selling and buying a home at the same time was so overwhelming and difficult, and having an agent like Robbin made all the difference in the world. Not only is she experienced, highly skilled and incredibly knowledgeable, she is also one of the most caring and genuine people I know. She has the remarkable ability to remain calm and levelheaded in extremely stressful situations, a quality that is vitally important in an agent. She is incredibly organized and on top of every detail. She also bent over backwards to help us throughout this process, and we are so grateful to her for that. With Robbin, it always felt like we were her top priority, day or night. We are so fortunate to have found her."

 

Thank you, Robin and Patrick! My only regret is that now that you've found your dream house, I won't get to see you as often. We'll have to plan a nice picnic at that lake!

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I would love to help you with your real estate journey. 

Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

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What You Need to Know about Metro Taxing Districts

Metro taxing districts are a part of a property's tax bill and are becoming more and more common in Colorado. Rather than including the costs of infrastructure such as roads and recreation facilities into the price of a newly built home, developers create a separate taxing district so that these expenses can be paid back over time. This keeps the prices of the homes lower, requiring less of a downpayment and creating more opportunities for home ownership.

Property Tax Certificate

The downside of these districts is the potential for unanticipated hikes in future property taxes. One study showed that a typical metro tax district payment increased by about 10% in the first four years. In addition, if houses in the new development are not built and sold as fast as anticipated, the existing homes will foot the bill for more of their share of the expenses. A Denver Post article not long ago cited both successful districts and those being abused, creating a source of revenue for the developer. 

Helpful information for evaluating metro tax districts can be found at the Colorado Division of Local Affairs. One thing to look for is the number of homeowners on the board; the more homeowners, the more likely decisions regarding the neighborhood will be made in the interests of the homeowners. Also, checking on the amount of total debt that can be issued in the future can help potential buyers determine what the worst case scenario for the tax bill would be. Smaller districts with fewer homes should be able to determine with a fair amount of accuracy what the total infrastructure costs will be versus very large developments that build for many years.

Evaluating the metro tax district is an important but confusing part of the home buying process. If you need help, the Colorado Division of Local Affairs should be able to answer questions, as would the tax assessor in the county where the development is built. The existence of a metro tax district is not, in and of itself, something to be feared, but it is important to know what you're getting into.

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I would love to help you with your real estate journey. 

Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

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Broomfield Heights 1st Filing Neighborhood Garage Sale 2021

Join us June 12, 8am-3pm!

130 Agate Way

269 Agate Way
299 Agate Way
235 Beryl Way
259 Beryl Way
280 Beryl Way
116 Daphne Way
260 Daphne Way
275 Daphne Way
124 Emerald Street
127 Emerald Street
178 Emerald Street
185 Emerald Street
289 Emerald Street
146 Flint Way
270 Flint Way
235 Garnet Street
295 Garnet Street
200 Hemlock Street
130 Iris Street
145 Iris Street
250 Jade Street
800 W 1st Avenue
320 W 3rd Ave Drive

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I would love to help you with your real estate journey. 

Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

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How Will the Gallagher Amendment Repeal Affect Property Taxes?

I recently attended a webinar explaining the Gallagher Amendment, and how its repeal could potentially affect our property taxes. This hour-long video will also include some information on the federal governments proposed tax policies and 1031 Exchanges for investment properties.

Should you need more resources, don't hesitate to contact me!

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I would love to help you with your real estate journey. 

Please contact me at 303-917-7143 or robbin@elevatedrealestate.com

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