August 2022 Boulder Porch Report

August 2022 Boulder Porch Report

  • Dina Piterniece
  • 08/2/22

 

 
HELLO!
As kids head back to school, we're expecting to see the seasonal shift of buyers and sellers heading back to the real estate market. Fall is a popular time to make a move, so if you're thinking about buying or selling, now is the time to get in touch and I'd love to help!
A LOOK AT THE MARKET
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In Boulder, just 121 single-family homes came on the market in July after two months of increases. Average prices dipped again from $1,673,139 in June to $1,513,705 last month. Still, the year-to-date average is up 11.4% compared to 2021 showing healthy equity gains.

Across Boulder County, the average decreased to $1,006,954 for single-family homes and listings are going for 99.6% of their asking price. Again, county numbers show that average home prices stand at $1,126,402 year-to-date which is 10% higher compared to the same stretch of time in 2021.

And in Longmont, single-family home prices were down month-over-month, now at $710,355. However, townhouse/condo prices were up 6.4% compared to June.

CLICK HERE to learn more on the PorchLight blog or reach out to discuss your real estate needs.
4 WAYS TO DIVERSIFY
YOUR REAL ESTATE PORTFOLIO
You've likely heard the saying, don t put all your eggs in one basket. That s the basic premise behind diversifying which is applicable to all types of investments, including real estate.

By diversifying, you're better protected and have a better chance of growing your wealth. When looking at your real estate investments, be sure to mix things up in the following ways:

" Type: Residential, retail space, land, industrial, office space, etc.
" Strategy & Hold Times: Look at monthly cash flow and long-term properties
" Location: Explore different neighborhoods, regions, and even states
" Overall Risk: Don t overcommit to investments that are highly speculative
CLICK HERE to learn more about making smart investments.
PORCHLIGHT FEATURED LISTINGS
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$3,395,000
3142 5th Street
Boulder, CO
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$1,100,000
810 Grenville Circle
Erie, CO
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$840,000
4107 Riley Drive
Longmont, CO
NEIGHBORHOOD SPOTLIGHT
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LOUISVILLE FALL FESTIVAL
Head to Memory Square Park to enjoy local artists, crafts, food trucks, and family fun including a performance by Paige and Jeff. Parade on Main Street at 10am, too!
September 5: 9am - 3pm
image.png BOULDER FALL FEST
Enjoy local food, a large beer/wine/margarita garden, live music, family entertainment, and the Firefly Handmade Market all along the historic Pearl Street Mall.
September 16: 5pm - 9pm
September 17: 10am - 9pm
September 18: 10am - 5pm
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LEFT HAND OKTOBERFEST
Local brewers host this annual Longmont event complete with their Oktoberfest Märzen Lager, live music, firkin tapping, stein holding contest, food trucks and more!
September 23: 4pm
September 24: 11am
Dina Piterniece
Broker Associate
720.317.3649
|
[email protected]
A BETTER EXPERIENCE. A BETTER AGENT.
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