HELLO!
The holidays are just around the corner along with seasonal cooling in a real estate market that has already shifted considerably due to rising interest rates. Please feel free to reach out if you or anyone you know would like to discuss buying or selling. I have a ton of information and insight that Id be happy to share and would love to provide any guidance needed.
A LOOK AT THE MARKET
Along with the effects of rising interest rates, Boulder is starting to see a seasonal slowdown.
In the city of Boulder, median single-family home prices dropped from $1,325,000 in August to $1,191,500 last month. Across the county, prices also decreased from $830,000 to $799,500 month-over-month. One bright spot is Longmont where home prices jumped from $598,500 in August to $645,155 in September, a year-over-year increase of 18.4%.
As for attached properties, prices actually jumped from a median price of $590,000 in August to $610,500 in September. While the increase was less pronounced countywide, Longmont prices rose from $417,500 in August to $472,500 in September.
CLICK HERE to learn more or reach out to discuss your real estate needs.
FIGHT RISING INTEREST RATES
WITH A MORTGAGE RATE BUYDOWN
WITH A MORTGAGE RATE BUYDOWN
Interest rates, therefore mortgage rates, have been on the rise. As a buyer, you might be worried about affordability. If youre a seller, you may wonder how rates will impact your returns.
While rates are cyclical and will come down, there are financial tools available to help you now. 2-1 Buydown Provides a lower rate during the first two years of the loan term 3-2-1 Buydown Offers greater savings and gives a buyer three years of lower rates Permanent Buydown Lowers the rate for the life of the loan based on points purchased CLICK HERE to learn more about these options, as well as the pros and cons of a buydown.
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PORCHLIGHT FEATURED LISTINGS
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NEIGHBORHOOD SPOTLIGHT
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BOULDER JEWISH FILM FESTIVAL
Held at the Dairy Arts Center, the festivals Gala Opening Night will kick off 10 days of films that reflect the Jewish experience throughout history. November 3 - 13: Various Events & Times
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LONGMONT TURKEY TROT Run one of the most scenic, fastest, 10k or 2-mile courses around! And dont just run for the fun of it, all proceeds benefit the Longmont Rec Services Youth Scholarship Fund.
November 12: 9am Start Time
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LIGHT UP THE HOLIDAYS
Downtown Boulder lights up the holidays with St. Nick on the Bricks, Freezie Fest and the Lights of December Parade. Enjoy festive fun for the whole family.
Begins November 20: Various Events & Times
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Dina Piterniece
Broker Associate
720.317.3649
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[email protected] |
A BETTER EXPERIENCE. A BETTER AGENT.
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