REAL ESTATE
Real Estate News, Open Home Listings, Homes for Sale, Rentals and More!
BOULDER COUNTY
Hot Right Now, and Timeless:
Brookfield Residential to introduce four new portfolios at North End, Central Park Open House
Open Homes and Virtual Tour Quick Guide
Real Estate: Buying College Housing Starts Now- Part 2
Looking for a home? View comprehensive listings of local virtual tours and open houses taking place from all across the area.
The type of property and rent or lease agreements associated with possibly roommates, depend on the personalities and requirements of your student.
June 18-19, 2021
Home Price Increase and Buyer Competition Continue – Can it Last? While home prices continue to rise and competitive markets make the dream of owning a home seem hard to reach, many wonder how long it can keep going. ATHOMECOLORADO.COM
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REAL ESTATE NEWS
COLORADO HOME AND REAL ESTATE
ATHOMECOLORADO.COM
Home Price Increase and Buyer Competition Continue – Can it Last?
CONTRIBUTING WRITERS Tom Kalinski Luanne Kadlub Duane Duggan Wendy McMillan Mary Lynn Bruny Cathy Hobbs Paul F. P. Pogue Ilyce Glink Samuel J. Tamkin ADVERTISING CONSULTANTS Thais Hafer Toni McNeill Elvonney Poole Mary Romano MANAGING EDITOR Greg Stone
EDITORIAL
At Home Colorado is a weekly publication designed for the Colorado home and real estate community. The Boulder County edition publishes Friday in the Boulder Daily Camera and Saturday in the Longmont Times-Call. The Northern Colorado edition publishes Saturday in the Greeley Tribune and Loveland Reporter-Herald. Submit news releases and articles to: gstone@prairiemountainmedia.com.
ADVERTISING
To advertise in At Home or to promote your virtual home tour visit AtHomeColorado.com/Advertise, call Thais Hafer at 303.473.1456, Toni McNeill at 303.684.5329 or Elvonney Poole at 970.392.5645. At Home is an advertising feature of the Boulder Daily Camera, Greeley Tribune, Longmont Times-Call and Loveland Reporter-Herald. ©2021 Prairie Mountain Media. FACEBOOK.COM/ ATHOMECOLORADO
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As the market continues to grow, some are wondering where the ceiling is. (Photo: Pexels).
In a trend that seems to defy the odds, the housing market surges on. It’s a national phenomenon and alive and strong in BY TOM Boulder County. KALINSKI Boulder-area RE/MAX of Boulder median home list prices are sharply higher for year-to-date in May 2021 than last year at this time, according to statistics from the Boulder-Longmont Realtors Association, which draws on data from Information Real Estate Services (IRES). The range is from 45.1% in the plains area east of Boulder with a median price of $953,500 to 10.2% in Niwot, which has the highest median price at $1,369,000. While prices have risen, the number of days a home spends on the market has dropped for all areas but Niwot. Nationally, median home list prices increased 17.2% year over year in April, to hit a new record high of $375,000, according to Realtor.com data. And across the Denver metro area, home prices are at a record high, yet homes are being purchased in record time. But as home prices rise, incomes aren’t nearly keeping up. So what does this mean for home prices? Is there a decline on the horizon?
In contrast to 2008 and 2009, experts don’t expect a crash, reports Realtor.com. To distinguish the situation then from the current market environment, they point to today’s market drivers and the economic principle of supply and demand. The current out-of-sight prices are driven by the number of buyers far exceeding the properties for sale. Prices rise when there is more demand than supply. But the frenzied rate of increase is not likely to continue. Experts expect the market to calm over the next couple of years: Prices may continue to rise, but at a slower pace. “There’s no way the double-digit price growth can continue long term,” says Realtor.com Chief Economist Danielle Hale. Many home buyers wonder if their home will hold its value once the impact of COVID-19 is truly over. Experts say most buyers shouldn’t worry. The supply and demand imbalance should keep most home prices stable. “It’s certainly possible that home prices can decline. But I don’t think it’s likely we’ll see big declines,” says Realtor.com’s Hale. “It’s more likely prices will flatten where they are.” Areas with lots of amenities and short commutes to bigger cities with plentiful jobs are likely to continue increasing in value, say experts, as well as vacation markets.
What could cause prices to drop? Mortgage rates rising quickly and a sudden increase in number of homes for sale. If rates that are currently in the 3% territory go up to 4% or 5%, buyers will not be able to afford the same home they can with a 3% mortgage rate. If those homebuyers decide to sit on the sidelines, there would be fewer buyers, which would reduce demand. One other factor that could cool the market is the ending of the pandemic and the effect “staying at home” had on the housing market. As we leave that period, people may be less focused on their home, which could take the pressure off of home buying and cool the rise in prices. Read the full story on the nationwide situation at realtor. com/news/trends/housing-marketcrash/. _________ Tom Kalinski is the broker/ owner of RE/MAX of Boulder, the local residential real estate company he established in 1977. He was inducted into Boulder County’s Business Hall of Fame in 2016 and has a 40year background in residential and commercial real estate. For questions, e-mail Tom at tomkalinski33@gmail.com, call 303.441.5620, or visit boulderco. com.
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ASK ANGI
What should I do after a flood? no risk of it adding to the flood. Also, remember that water and electricity are a dangerous mix, and any contact between your system and the water can be dangerous for everyone. Shut off your electricity and call an electrician to help you determine the steps necessary to safely reenter the house.
The first actions you take after a home flood are vital. Make sure you contact the right professionals. (Dreamstime/TNS) Paul F. P. Pogue, Ask Angi (TNS)
Whether it’s caused by a late spring rain, a broken water main or a backup from some other cause entirely, a flood in your house can be destructive and expensive to repair. How you react immediately following a flood is critical. The steps you take in the minutes and hours after the water starts flowing can make a big difference in hassle, cost and personal safety. Here are some steps to take as quickly as possible to minimize the damage, the cost and the headaches. 1. Shut off your utilities. Regardless of the cause of flooding in your home, additional water can only make it worse. If it’s safe, shut off your water so there’s
talk to a pro or your insurance company, take written notes of the conversation and any commitments made on both sides. Save emails and texts related to the flooding. All of this will act as proof to support your insurance claims.
2. Call your insurance company. Even if it’s the middle of the night, call their emergency hotline number. You want your claim on file as quickly as possible, and your provider can help guide you to the best emergency services. In some cases, the insurance company will only cover water damage repair costs if you use pros they select, so it’s a good idea to get them involved early on. If your flood is caused by an external event, such as a rainstorm, there will be many others contacting insurance as well, so the quicker you get into the system, the better.
4. Clear out the water and dry the area. After the flooding stops, start drying out the area as quickly as possible to minimize the threat of mold. Open all the windows and doors, then set up fans to blow air outside. Make sure air is blowing toward external walls and away from the center of your home. If you have a wet-dry shop vacuum, sump pump or other method to remove water, now’s the time to use it. This immediate work will help begin the cleanup process, but should be followed by a thorough cleaning from a local pro, who will ensure the right steps are taken to prevent any long-term damage.
3. Document everything. Before you repair or clean anything, take photographs of all the damage. Whenever you
5. Get rid of what you can’t save. Some things are a total loss if they’ve been hit by a flood. Damaged carpets and padding can’t
be saved, so pull it up and throw it out. Flood-soaked drywall and insulation can’t be salvaged, either. Mattresses, rugs, paper products and upholstered furniture should be checked closely and discarded if they’re heavily damaged. Keeping anything that’s soaked beyond repair will invite in more mold and mildew. 6. Take stock of the situation and start calling the right pros. Depending on the extent of the flood and the damage, you may need different pros to help you complete the problem. Drywall, mold remediation and plumbing pros are some of the most common service providers you’ll need. If the flood involved the roof or foundation in any way, get thorough inspections as quickly as possible. Water damage only gets worse — and more expensive — with time, so deal with it right away. Tweet your home care questions with #AskAngi and we’ll try to answer them in a future column.
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Make one of these great properties yours! Mountain Home Overlooking Pinewood Reservoir
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www.RealEstateInNorthernColorado.com Information deemed reliable, but not guaranteed. © 2017 C3 Real Estate Solution, LLC.
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BOULDER DAILY CAMERA / LONGMONT TIMES CALL
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REAL ESTATE
Study analyzes housing prices, supply and demand Ilyce Glink and Samuel J. Tamkin Tribune Content Agency
The National Association of Realtors (NAR) recently released a study calling for a dire, “oncein-a-generation” response to a housing shortage. The study, Housing Is Critical Infrastructure: Social and Economic Benefits of Building More Housing, written by members of Rosen Consulting Group, was remarkable, as it brought together some of the housing industry’s most recognized observers, who lent their particular expertise to bear on a seemingly intractable problem: There are now anywhere from 5 to 6.8 million housing units (including single-family homes, townhomes, condos, and rental units) missing from housing inventory. In short: Housing prices and rents are rising astronomically because the demand is so great, and the supply is so thin. This is quite a turnaround in just a few short years. As the housing crisis got underway in 2009, there were arguably too many homes for too few buyers. Millions of homeowners lost their jobs, then lost their homes, some of which went through foreclosure and some of which were sold in a short sale. Ilyce wrote stories for CBSNews’ Moneywatch site in 2011 about homes selling for $7 in Detroit, condos in Atlanta selling for $50,000, and all sorts of properties selling for not much more than that in Arizona, Las Vegas, and other cities that were hard-hit by foreclosures. As the economy recovered, and prices started to rise in places like Boise, Denver and Boston, there were a glut of homes that sat for years up until 2013, 2014 and even 2015, until hedge funds and other large scale investors began scooping them up, and turning them into rentals. Sometimes, the former homeowner rented their home back from the new owners. And now, as if by magic, the U.S. is experiencing an extreme shortage of housing of all kinds: first-time buyer houses, affordable housing, trade-up properties, rental properties, two- and three6
AT HOME COLORADO
family properties, and multifamily buildings. But is the shortage of housing caused by historic low interest rates or a lack of building, or both? The study argues that there has been a decades-long gap in investment. That the U.S. faces “an acute shortage of available housing, an ever-worsening affordability crisis, and an existing housing stock that is aging and increasingly in need of repair -all to the detriment of the health of the public and the economy. The scale of underbuilding and the existing demand-supply gap is enormous and will require a major national commitment to build more housing of all types by expanding resources, addressing barriers to new development and making new housing construction an integral part of a national infrastructure strategy.” The Realtors, whose membership is said to be at or near an all-time high and who clearly benefit from having more housing product to sell and lease, are proposing an unprecedented push on the supply side: more and better funding capabilities, changes in zoning to accommodate more units in smaller spaces, converting underutilized commercial space to residential homes, and using the might of the federal government
“to help address construction capacity challenges such as rising construction costs and labor and materials shortages.” “There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” said Lawrence Yun, NAR’s chief economist, in the press release announcing the report’s release. “It’s clear from the findings of this report and from the conditions we’ve observed in the market over the past few years that we’ll need to do something dramatic to close this gap.” The NAR and the National Association of Home Builders, among others, predicted back in 2011 and 2012 that supply would be a problem by 2017. Mortgage interest rates, which hit 15 new historic lows last year, aren’t helping. Homebuyers (and homeowners) have been rushing to take advantage of what many imagine will be the last chance to lock in a 30-year mortgage at under 3%. With the Federal Reserve Bank’s admission this week that inflation is rising faster than expected, mortgage interest rates are likely to follow, industry experts say. And that will naturally slow down housing demand from the current frenzied pace.
“In 2018, mortgage interest rates jumped from rates below 4% to above 5%, while home prices were increasing at an annual pace of 5 to 6 percent. The challenge was the speed with which they went up,” recalls Michael Fratantoni, chief economist of the Mortgage Bankers Association. “It was too fast for people to adjust to the increase in payments needed, and by the time we got to the fall, we saw transaction volume drop quickly.” This time, he says, the configuration is different. “Because of the dire shortage of supply, prices are going up by double digits. If we were to get a rapid increase in mortgage rates like in 2018 at the same time prices are going up, we could see transaction volume fall off very quickly again.” For the first time in a dozen years, we’re starting to hear people talk about a housing bubble. But when you’re more than 5 million homes short, and builders are only building 1.5 million homes per year, it will take a long time for supply to catch up with demand. Too long. Which is why the Realtors are calling for a one-in-a-generation (maybe lifetime?) push to build more housing. The problem is what happens after the music stops: When home sellers wake up one morning to find that home prices and interest rates are so high, there suddenly aren’t enough buyers who can qualify for that mortgage. (Ilyce Glink is the author of “100 Questions Every First-Time Home Buyer Should Ask” (4th Edition). She is also the CEO of Best Money Moves, an app that employers provide to employees to measure and dial down financial stress. Samuel J. Tamkin is a Chicago-based real estate attorney. Contact Ilyce and Sam through their website, bestmoneymoves. com.) (C)2021 Ilyce R. Glink and Samuel J. Tamkin. Distributed by Tribune Content Agency, LLC.
BOULDER DAILY CAMERA / LONGMONT TIMES CALL
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June 18-19, 2021
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DESIGN RECIPES
The beauty of black decor Cathy Hobbs Tribune News Service (TNS) Black is a color that is often overlooked. Neutral, bold and luxurious, the color black can be used either as an accent, a pop or an overall statement. Not sure how to introduce or use black in your space? Here are some tips to help you take the plunge! 1. Introduce black into your space through the use of artwork or mirrors. 2. Consider painting trims and door jambs black instead of traditional white when looking to add a bold statement of luxury. 3. Use portable design elements such as throws, pillows and accent pieces. 4. Use black lampshades instead of lighter colors or white when seeking to elevate your lighting look. 5. Finish unexpected areas
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Black cabinets trimmed in walnut make an elegant statement in this kitchen. (Scott Gabriel Morris/Handout/TNS)
elegant. 10. Repeat black throughout a space as pops of colors and accents. A painted piece of black art adds an instant modern edge to this living space. (Handout/TNS)
in black, such as cabinetry and countertops. 6. Love the look of lacquer? Consider using black lacquer for elements such as sideboards and kitchen islands. 7. Add texture! From area rugs to toss pillows, sheepskin and
faux fur, these tactile accessories in black can add an unexpected yet luxurious element. 8. Pair black with brass or gold. This color combination remains modern and on trend. 9. Mix black with wood. The combination often feels warm and
(Cathy Hobbs, based in New York City, is an Emmy Awardwinning television host and a nationally known interior design and home staging expert with offices in New York City, Boston and Washington, D.C. Contact her at info@cathyhobbs.com or visit her website at cathyhobbs. com.)
BOULDER DAILY CAMERA / LONGMONT TIMES CALL
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6635 Rabbit Mountain Rd
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43-acre gated, executive estate with world-class views in all directions. Situated on Rabbit Mountain at the end of a quiet country road. Four en-suite bedrooms and a separate guest suite above the garage.
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BOULDER DAILY CAMERA / LONGMONT TIMES CALL
REAL ESTATE
Part 2: Buying College Housing Starts Now Financing for the “Student Property” If a condo is being purchased, the type of financing and down payment options available can be determined by the owner occupancy ratio of the condo complex and what particular approvals (FHA, Fannie Mae, etc.) are available. It is good to have the lender check to see if the complex has the approvals for the type of financing you are considering.
BY DUANE DUGGAN
Realtor and Author RE/MAX of Boulder
In my last article, Part 1 of “Buying College Housing Starts Now,” I discussed how purchasing a condo or house for your child to live in while attending college can be a worthwhile investment and can provide financial as well as other benefits for your college student. As you evaluate this decision, here’s a guide to help you: Helping Your College Student Establish Credit If you decide to have your college student on the mortgage and deed, you can help your student establish credit prior to making a mortgage loan application by obtaining a credit card in his or her name, preferably a year prior to your house or condo purchase. In addition, if the student has a car, it is a good idea to have a small loan on the car in the student’s name, which can also help your student’s credit rating. It is also good idea to meet with a mortgage professional to discuss strategies well in advance of a possible purchase. Method of Ownership for the “Student Property” It’s necessary to talk to your accountant and attorney to determine the ownership method that works best for you. Some parents will buy the property as a second home or as an owneroccupied property with the student on the deed and loan. Others will treat it 100% as a rental property for additional tax benefits. There are many ways of holding the title including creating a family limited liability company (or FLLC). June 18-19, 2021
Rental Roommate Income One option is to buy a 1-bedroom condo for your student to live in alone. However, a 2-bedroom unit will allow for a roommate, and the rent from the roommate can supplement the mortgage payment. If a 3-bedroom unit or home can be found, the rental income from 2 roommates can help the monthly cash flow even more. Be aware that there are occupancy limits imposed in some communities. In other words, check the local ordinances before deciding if it is okay to have 5 students living in one property. In Boulder, zoning rules allow 3 unrelated people in a low-density zone and 4 unrelated people in a medium or highdensity zone. Roommate Lease or Rental Agreement Even though the potential roommates are typically close friends, it is a good idea to have a written rental agreement for roommates. The roommate rental agreement should cover all of the terms typically found in a residential lease such as: • Lease term • Rental rate and due date • Security deposit • Notice to vacate • Utility payment agreement • Maximum occupancy • Parking • Pets
Is it Better to Purchase a House or a Condo/Townhome? This decision depends on whether or not the student will be able to maintain a house and be responsible for exterior maintenance, snow removal, lawn care, etc. Often a condo suits student life best since most college students are not interested in mowing the lawn in their free time. Typically, an owner will be paying a Homeowner’s Association (HOA) fee at a condo or townhome in order to cover these maintenance items. This will increase the monthly cost but will ensure that the upkeep and maintenance tasks are completed. Advantages of a Condo for a Student • No lawn care, snow shoveling, or exterior maintenance • Easier to “just leave” for the summer Disadvantages of a Condo for a Student • Owner occupancy ratio of the complex could affect the ability to purchase, sell or refinance • Homeowner’s Association fee may be high and out of your control • Loud music or parties might bother nearby neighbors Advantages of the Single-Family Home • No concern over occupancy ratios • A single-family home might be easier to resell than a condo since you tend to have more competing properties when selling a condo or townhome
• Often there is no Homeowner Association fee Disadvantages of the Single-Family Home • The student needs to mow and water the lawn, shovel snow, and maintain the home • Neighborhood may be less friendly to a group of students living there What to do with the Rental Property When the Student is Ready to Move On When the student is ready to move on and has hopefully graduated, there are a few options to consider. The owners can keep the property as an investment rental, the former student may keep it as their first home, or you can exchange it for a real estate investment somewhere else. As an example, one family I worked with purchased a property for their first child who attended and graduated from CU-Boulder, then sold the property in Boulder and bought a new property in a different college town where their next child was planning to attend school. Potential financial benefits include: • Possible appreciation in value • Possible tax benefits • Debt reduction on an amortized loan which increases equity build up • Keep as an investment after college for cash flow Purchasing a college home is a significant decision. Consulting the appropriate professionals can help create a plan for a housing situation that could provide many short- and long-term benefits for your student and your family. Duane has been a Realtor for RE/MAX of Boulder since 1982. Living the life of a Realtor and being immersed in real estate led to the inception of his book, Realtor for Life. For questions, e-mail DuaneDuggan@ boulderco.com, call 303.441.5611 or visit boulderco.com. ATHOMECOLORADO.COM
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COVERPROFILE
Hot Right Now, and Timeless:
Brookfield Residential to introduce four new portfolios at North End, Central Park Open House
(Photo courtesy: Brookfield Residential).
The Villa Portfolio features paired homes with more than their share of privacy. (Photo courtesy: Brookfield Residential).
By Wendy McMillan for At Home Colorado
It’s summer, Colorado, and things are heating up from pool to barbecue—but, not so much as in home buying. When it comes to hitting highs, even Colorado sunshine may have trouble competing with today’s hot housing market. Low interest rates, reflective time at home to refine what we’re really looking for in our living spaces, and a myriad of other contributing factors mean stiff competition for a historically low supply of 12
AT HOME COLORADO
homes for sale. But, it’s not all bad news, house hunters. Golden opportunities invite prospective buyers to skip out on bidder wars by buying not just new, but ‘perfect-for-you’. Dedicated to creating the best places to call home, Brookfield Residential exemplifies the benefits of new construction homes. This includes brand-new amenities such as resort-style pools, premium clubhouses, tranquil parks, vibrant playgrounds, fitness centers and more. Perhaps most importantly however, new construction further allows buyers
to go beyond finding a home that feels just right, in favor of creating the just-right fit, top to bottom. With Brookfield, up-todate floorplans await, ready to be wholly enjoyed from the moment you move in—no need to budget tens of thousands of dollars for remodeling. Not only that, you get to personalize to taste, picking colors and other options that are non-negotiable with resales. Now, Brookfield is ready to unveil four new, stunning home portfolios in Central Park. With sweeping views and thoughtful, innovative design, this is a special opportunity; and, guaranteed it won’t last long. Located at the northern edge of Denver’s Central Park, where a great city meets great plains, the special North End neighborhood reflects some of the city’s most inspired and exciting ideas. Homes have been intentionally designed to fully take advantage
of the rolling landscape and breathtaking mountain views. What’s more, the premium location is a true celebration of thriving community. With 32,000+ residents and more than 100 businesses each adding warmth and signature flavor, Central Park offers a diverse, captivating mix of uses. Wherever you are, you can count on both a sense of genuine community, as well as access to the great outdoors. Brookfield Residential homes invite residents to step outside to greet their neighbors, from porches, balconies, and courtyards. And certainly, feeling the summer sunshine from these carefully cultivated outdoor spaces is all the invitation needed to explore any of the 60+ parks, 62 miles of trails, and expansive open spaces. Don’t just take our word for it, though. Come see Brookfield Residential’s inspired vision for
BOULDER DAILY CAMERA / LONGMONT TIMES CALL
The Tealight Portfolio combines nostalgic charm with smart innovation.
The Signature Portfolio use midcentury design to complement your lifestyle needs.
(Photo courtesy: Brookfield Residential).
(Photo courtesy: Brookfield Residential).
yourself: visit the grand opening event on June 26, from 10 a.m. - 3 p.m., and tour these inspired portfolios of homes: Signature Portfolio By engaging three acclaimed architects to create a single home collection, Brookfield raised the bar for new homes in Colorado. Inspired by mid-century design and created for next-century life, Signature homes are filled with light and purpose. Each design is the embodiment of outdoorindoor harmony. Signature homes embrace the concept of home going well beyond looks, conforming to personal style by incorporating lifestyle functionality and feel. • 1,879-2,175 sq.ft • 2-5 bedrooms • 2.5-5 baths • 2-car garage
yourself. Paired homes with privacy and pizazz, the homes of Villa Portfolio offer the perfect balance of both. With a splendid main-floor suite of your own, wide-open living areas, and a front porch and patio, Villa Homes are the epitome of how wonderful sharing can be. And, with a sense of privacy and abundant natural light, chances are you’ll find yourself forgetting you share a wall with your neighbor. • 2,372-2,815 sq.ft. • 2-5 bedrooms • 2.5-4.5 baths • 2-car garage Cadence Townhomes High on style, low on
Cadence Townhomes a geared toward low-maintenance, high style living. (Photo courtesy: Brookfield Residential).
maintenance, Cadence townhomes are a celebration of vertical elegance. Rising up from the garages with handy mud rooms to upper floors, each townhome boasts its own identity. One flight up, the open plan design welcomes friends and family time, where conversation flows seamlessly between kitchen, dining, and living spaces. Just a few steps more, and you’re kicking back
in your spacious, master retreat. And, like proverbial icing on the cake, these townhomes offer easy, refreshing, low-maintenance living. • 1,786-2,082 sq.ft. • 2-4 bedrooms • 2.5 baths • 2-car garage
LEARN MORE: Visit brookfieldresidentialCO.com or call 303-529-1709 Central Park Grand Opening event: June 26, 10 a.m. - 3 p.m.
Tealight Portfolio How often do we hear the phrase, “charming old home”? The Tealight Portfolio takes what could be considered cliche and makes it a marvel. As smart as they are beautiful, these classic homes have a gemlike quality, with every facet carefully polished. Not only do homes combine timehonored character with bright, clean, modern sensibility, they’re designed for efficient living, opening up more hours each day for pure enjoyment. What’s more charming than that? • 1,461-1,632 sq.ft. • 2-4 bedrooms • 2.5-3.5 baths • 2-car garage Villa Portfolio It’s good to share. And, it’s good to have something all to June 18-19, 2021
(Photo courtesy: Brookfield Residential).
ATHOMECOLORADO.COM
13
REAL ESTATE
Homes with flexible space gain popularity according to Realtor.com® Survey
Room for extended family and pets, home office and internet rise in importance for buyers who realize the need to compromise in today’s competitive market PRNewswire/ -- Life is beginning to return to normal throughout the U.S. with many companies announcing their return to office strategies and cities beginning to open up. However, for many 2021 home shoppers who spent the majority of 2020 confined to their homes, the COVID pandemic has influenced what they are looking for in their next house, while the hyper-competitive housing market has them strategizing about how to get ahead, according to a new Realtor.com® survey released today. The need for more space was the top reason driving home shoppers’ decision to purchase a new home in the coming year, according to the online survey of 1,200 home shoppers conducted this spring by HarrisX. Although the majority of today’s buyers are looking for three bedrooms and two baths, their responses indicate they are looking for more flexibility in their home space and affordability in exchange for a shorter commute -the new realities of a post-COVID world. “The COVID pandemic ushered in a new way of thinking about what home means, and that is influencing much of what today’s home shoppers are looking for,” said George Ratiu, senior economist, Realtor. com®. “Garages, large backyards and space for pets always rank high on buyers’ wish lists, but those features have grown in importance. The survey results highlight that the pandemic has elevated our relationship with family as well as the need for our home to serve multiple purposes, especially the ability to work remotely. As a result, we are placing a premium on the need to accommodate extended family, 14
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Home offices and broadband internet are among the top searches for homebuyers. (Photo: Shutterstock).
and features like a home office and broadband internet.” What’s in and what’s out for post-COVID home shoppers When asked which home features have become a priority as a result of the pandemic, quiet location (28%), updated kitchen (25%), garage and large backyard (24% each) topped the list. Outdoor living area (20%), space for pets (18%), updated bathrooms (19%), home office and broadband internet capabilities (17% each) and open floor plan (16%) rounded out the top 10 pandemic-induced most desired home features. Sixty-five percent of respondents indicated that they are considering extended family when they shop for a home, with nearly a quarter stating that they are planning to buy near family members. Onefifth of those surveyed said they would have extended family living with them full-time and 30% said their new home would need to accommodate extended family staying with them part-time or visiting. Consistent with the desire for outdoor space, terms such as “fenced yard,” “acres,” “backyard,” “front porch,” “garage” and “three-car garage” have all seen a significant uptick in searches on Realtor.com® over the past year. With reports of pets being adopted at record rates during the pandemic, the term
“pet friendly” also saw a large increase in searches. Decreasing in importance from prior surveys was the need for a short commute time and a home with smaller square footage. Only 9% indicated a short commute time was a priority and 4% were looking for smaller square footage. This was down from 11% and 8%, respectively, in early March 2020 prior to the pandemic. Perhaps due to rising home prices, searches for “remodeled” homes on Realtor.com® were down 88% year to date through May. It appears that motivated buyers are making concessions in their home search, with fewer searches for otherwisepopular features such as granite countertops (-58%), theater/media rooms (-65%), and bars (-52%). Today’s buyer is prepared and willing to compromise Again, pragmatic about the competitive housing market, 35% of home shoppers said that they were checking listing websites every day and 25% had set a price alert to get notified when new homes hit the market to stay ahead of the competition. From a financing perspective, 28% indicated that they were planning to offer more than a 20% cash payment, 21% plan to increase their earnest money deposit and 17% plan to either offer above asking price or all cash. While a third said they
would not offer above asking price, nearly half were prepared to offer up to 10% above asking. “In today’s competitive housing market, it is not uncommon to submit an offer above the home’s list price. At the same time, knowing what you can spend and sticking to your budget is one of the most important things a home buyer can do. One way to ensure that you don’t go over budget is to limit your search by using price filters to homes under your budget. That way, if you submit an offer that is over the list price, you’ll still be within your maximum budget,” said Realtor.com® Housing and Lifestyle Expert Lexie Holbert. When buyers were asked to select which features they would sacrifice if they had to reduce their budget, several COVID-coveted features would be the first to go with man cave and pool/spa tied at 24%, followed by guest house and mother-in-law suite both 23% and new construction at 22%, Rounding out the top 10 features to fall by the wayside were solar panels (21%), finished basement (20%), home office (18%), large backyard and guest room (both 17%). Methodology: Realtor.com® commissioned HarrisX to conduct a national survey of consumers, including 1,218 adults over the age of 18 who plan to purchase a home within the next 12 months. This survey was conducted online within the United States from March 26 - April 7, 2021. The sampling margin of error of this poll is plus or minus 1.6 percentage points. Results were weighted for age, gender, region, race/ethnicity, and income where necessary to align them with their actual proportions in the population. In addition to the general population, the survey oversampled 1,218 potential buyers with a margin of error of plus or minus 2.8 percentage points. The search information contained in the release is based on an analysis of the most commonly searched keywords on Realtor. com® from Jan. 1 - May 31, 2021.
BOULDER DAILY CAMERA / LONGMONT TIMES CALL
THE
PATRICK DOLAN TEAM
We have new listings! Contact us today for more information! NEW LISTING!
NEW LISTING!
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7138 CEDARWOOD CIR, GUNBARREL
578 JACKSON ST, LAFAYETTE
7301 PETURSDALE CT, GUNBARREL
2 BD • 2 BA • 3,514 SF • $895,000
4 BD • 4 BA • 3,392 SF • $899,000
3 BD • 3 BA • 3,342 SF • $979,000
Great ranch-style patio home by BCC!
Bright home steps from Coal Creek Trail!
Spacious tri-level on a private 1/3 acre lot!
patrick-dolan.com/7138-cedarwood
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patrick-dolan.com/7301-petursdale
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7487 PANORAMA DR, BOULDER
4962 COUNTRY CLUB WAY, GUNBARREL
905 S WILEY CT, SUPERIOR
4 BD • 3 BA • 3,870 SF • $2,299,000
5 BD • 5 BA • 6,268 SF • $1,795,000
6 BD • 5 BA • 5,684 SF • $1,499,000
Great lot! Unobstructed mountain views!
Grand & across from BCC golf course!
Spacious and grand in Rock Creek!
patrick-dolan.com/7487-panorama
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Thinking about buying or selling? Call us today: (303) 441-5642 (303) 441-5642 June 18-19, 2021
patrick-dolan.com
patrickdolanteam@gmail.com ATHOMECOLORADO.COM
15
REAL ESTATE
Colorado’s average home prices continue to climb
By Luanne Kadlub, At Home Colorado Dick Greenberg recalls back in the ‘90s a time he and his wife, Mary, brokers/ owners of New Paradigm Partners, lost out on a residential sale in Fort Collins because they didn’t want to list the home for more than $400,000. Oh how times have changed. Greenberg, a former forecast economist for Lockheed Martin in Denver, enjoyed a 30-year-career in economic development, including in Loveland and Pueblo, before making the switch to residential real estate. He remains an economist at heart and continues to monitor the northern Colorado real estate market on a monthly basis. His most recent statistics for May indicate home prices have once again risen across the board: In Greeley, the median home
The price of the average home has continued to increase despite the pandemic. (Shutterstock)
price went up 2.2% to $378K from $370K, while the average price was up 0.3% to $400K from $398K during the same period. In Loveland, the median price gained 15.2% to $500K from $434K in April 2021, while the
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This 3-bedroom, 2-bath, 1050 square foot home is situated on just over half an acre. From the front of the home, enjoy unobstructed Flatiron views and unparalleled mountain vistas from Eldorado Canyon to the North of Boulder. And in the expansive backyard, there is ample room for playing, entertaining, and enjoying your outdoor space. Inside the home, you’ll find hardwood floors, a living room fireplace, and a kitchen that flows smoothly to the dining and living space.This classic ranch home is move-in ready and can offer unlimited potential to make it your dream space.There is a one-car attached garage, and a detached two-car garage. Close to hiking, running, and cycling trails, this home serves up easy access to Colorado outdoor life at its finest.
Virtual Tour: https://my.matterport.com/show/?m=Fsw9efuuUQB
$849,900
Amanda G. Lovato, Realtor www.lovatorealestate.com amanda@lovatorealestate.com
303-717-6069 16
AT HOME COLORADO
average price gained 15.5%, to $579K from $501K. And in Fort Collins, the median price gained 4.7% to $534K from $510K in April 2021, while the average price gained 5.9%, to $592K from $559K. If that’s not enough to make you wonder if you’ll ever be able to own your own home, here’s another fun fact: Home prices in the Loveland and Fort Collins market have increased $100,000 over this time last year, according to Greenberg. “With franchises building people out of home ownership, everything has become luxury homes for the affluent. Everyone else will have to rent,” he said. Another factor in high home prices heading upward on the graph, Greenberg said, is reticence on the part of current homeowners to sell their homes during the pandemic, which has brought the inventory of homes way down. “We had historic lows starting in October, and it has kept declining,” he said. We had 100plus homes for sale (in northern Colorado) in April. Usually the number would be 600.” Where does this leave the luxury home market? “What’s going on with milliondollar homes has little to do with the real estate market,” Greenberg said. “A lot of people have done well (financially) out of the pandemic. We have basically
a fundamentally stable economy in northern Colorado with good basic employment. There is a very affluent chunk of people at the top end. Those are the ones buying luxury homes.” New construction of milliondollar homes is strong in this area, especially in Windsor, Timnath and Fort Collins where homes sit on large lots, often with water or mountain views, he added. John Clarkson, manager of Benchmark Custom Homes LLC in Greeley, agrees that there is a market for high-end homes, but existing luxury homes are not always “snapped up as quickly as homes under $700,000.” Although Greeley is not yet a major market for luxury homes, Clarkson said there is “the money here to support that.” “It takes a year-plus to build a custom home,” Clarkson said, compared to seven months for a “regular family home” and a month or so for homes by franchise builders. He added, “What is on the market seems to be sitting.” Case in point: Swan Lake Estate, 3696 65th Ave., Evans, has been for sale for well over 300 days. The fully furnished 29-room property, listed at $7,750,000 was built in 1977 and sits on 12 parklike acres. It features six bedrooms and 12 bathrooms and comes with a 20,000 square foot barn for receptions, a ’50s-style diner, a spa that seats 20, a movie theater and
BOULDER DAILY CAMERA / LONGMONT TIMES CALL
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LIST YOUR OPEN HOUSE OR VIRTUAL TOUR: VISIT OPENHOMES.ATHOMECOLORADO.COM OR CALL 303.473.1456, 303.684.5329
Boulder 41 Silver Spruce $599,900 Saturday 12:00 PM-2:00 PM Linda Davidson Berkshire Hathaway (720) 203-7200 41 Silver Spruce $599,900 Sunday 12:00 PM-2:00 PM Linda Davidson Berkshire Hathaway (720) 203-7200 856 Walnut Street B $690,000 Saturday 12:00 PM-3:00 PM Colorado RE/MAX of Boulder (303) 818-6592 750 S Cherryvale Road $849,900 Saturday 10:00 AM-2:00 PM Amanda Lovato Lovato Real Estate (303) 717-6069 750 S Cherryvale Road $849,900 Sunday 1:00 PM-3:00 PM Amanda Lovato Lovato Real Estate (303) 717-6069
4618 18th Street $1,350,000 Saturday 1:00 PM-3:00 PM Janelle Cliff WK Real Estate (720) 514-2306 900 Pearl Street 301 $1,475,000 Saturday 1:00 PM-3:00 PM Colorado RE/MAX of Boulder (303) 818-6592 2108 Mesa Dr $1,825,000 Saturday 1:00 PM-3:00 PM Miles Kunkel Compass Colorado (303) 345-8619 6138 Sunshine Canyon Drive $1,950,000 Saturday 10:00 AM-2:00 PM Jeff Erickson LIV Sotheby’s International Realty (303) 589-2741 2431 23rd Street $2,095,000 Sunday 1:30 PM-3:00 PM Andrew Muller RE/MAX of Boulder (303) 434-6633
2428 Bluff Street $1,247,000 Saturday 12:00 PM-3:00 PM Lynn Ryan RE/MAX of Boulder (303) 489-0309
2420 Bluff Street $2,100,000 Saturday 12:00 PM-3:00 PM Digger Braymiller RE/MAX of Boulder (720) 234-6390
2428 Bluff Street $1,247,000 Sunday 12:00 PM-2:00 PM Lynn Ryan RE/MAX of Boulder (303) 489-0309
2420 Bluff Street $2,100,000 Sunday 12:00 PM-3:00 PM Digger Braymiller RE/MAX of Boulder (720) 234-6390
June 18-19, 2021
Broomfield 4402 Calloway Court $1,198,000 Saturday 12:00 PM-2:00 PM Mia Ness Colorado Landmark (720) 273-7567
Longmont 2123 Springs Pl $680,000 Saturday 12:00 PM-3:00 PM Mary Romano RE/MAX Alliance (303) 588-8433 4318 Heatherhill Circle $1,399,000 https://is.gd/N64XfS Jon Hatch RE/MAX of Boulder (303) 513-2834 3159 Nelson Road $1,725,000 https://is.gd/bgVQne Lydia Waskul RE/MAX of Boulder (303) 981-8432 2408 Summerlin Court From $1.2M Saturday 12:00 PM-4:00 PM Brian Terry Bosch Real Estate Group (303) 845-0949 2408 Summerlin Court From $1.2M Sunday 12:00 PM-4:00 PM Brian Terry Bosch Real Estate Group (303) 845-0949
Superior 527,533,535,539 Canary Lane Starting at $1,035,000 https://is.gd/aPbj3O Eric Stjernholm Trelora Real Estate (720) 572-1397 ATHOMECOLORADO.COM
17
REAL ESTATE
Boulder Area Real Estate Statistics Boulder - Longmont REALTOR Association HOUSE SALES
Year to Date
May 2021 Statistics
Average Sales Price
Sold Listings Location Boulder Erie Lafayette Longmont Louisville Lyons Mountains Niwot Plains Superior Total
Sold Inventory Avg. Sales Listings Price 98 95 $1,526,942 26 $703,978 19 25 12 $962,641 92 117 $686,893 18 3 $1,002,212 11 12 $766,591 37 53 $1,019,227 4 3 $1,229,250 52 47 $1,233,662 8 2 $972,250 396 338
Days on Market 41 25 37 28 17 40 42 31 34 17
Median Sales Price $1,296,500 $662,500 $841,500 $590,000 $864,500 $775,000 $900,000 $1,105,000 $942,000 $782,500
Location Boulder Erie Lafayette Longmont Louisville Lyons Mountains Niwot Plains Superior Total
Thru May-20 289 184 106 488 61 27 97 16 208 40 1,516
Thru May-21 418 106 108 440 67 34 134 25 184 29 1,545
% Chg 44.6 (42.4) 1.9 (9.8) 9.8 25.9 38.1 56.3 (11.5) (27.5)
Thru May-20 $1,195,718 $563,245 $647,654 $528,004 $745,918 $545,704 $807,241 $1,345,758 $849,232 $662,696
CONDO & TOWNHOME SALES
Boulder Erie Lafayette Longmont Louisville Lyons Mountains Niwot Plains Superior Total
Avg. Sales Price $567,160 $437,417 $471,845 $470,381 $474,653 $0 $0 $273,400 $416,627 $679,980
Days on Market 48 21 37 27 26 0 0 11 26 23
Median Sales Price $499,500 $390,000 $475,000 $410,000 $417,960 $0 $0 $273,400 $398,250 $780,000
Location Boulder Erie Lafayette Longmont Louisville Lyons Mountains Niwot Plains Superior Total
Thru May-20 73 51 51 69 43 87 97 71 77 46
Boulder Erie Lafayette Longmont Louisville Lyons Mountains Niwot Plains Superior
Thru May-21 59 41 56 40 31 50 76 80 64 22
% Chg (19.2) (19.6) 9.8 (42.0) (27.9) (42.5) (21.6) 12.7 (16.9) (52.2)
Thru May-20 235 21 43 125 37 3 3 7 41 13 528
Days on Market
Average Sales Price
Sold Listings
Sold Inventory Listings 75 67 6 0 15 5 21 11 3 1 0 0 0 0 2 3 14 10 5 3 141 100
Location
Thru May-20 $966,000 $549,313 $602,500 $470,000 $670,000 $574,000 $616,250 $1,242,500 $657,325 $652,000
Thru % Chg May-21 $1,325,000 37.2 $678,750 23.6 $765,746 27.1 $548,250 16.6 $860,000 28.4 $690,278 20.3 41.6 $872,400 10.2 $1,369,000 45.1 $953,500 39.9 $912,000
Year to Date
May 2021 Statistics Location
Median Sales Price
Days on Market
Thru % Chg May-21 $1,594,117 33.3 $742,712 31.9 $804,304 24.2 $676,815 28.2 $949,666 27.3 $708,619 29.9 30.6 $1,054,462 7.6 $1,447,867 52.8 $1,297,234 37.8 $912,923
Thru May-21 339 17 59 104 18 0 2 5 59 25 628
% Chg 44.3 (19.0) 37.2 (16.8) (51.4) 0.0 (33.3) (28.6) 43.9 92.3
Thru May-20 $633,995 $332,033 $379,813 $348,229 $476,419 $413,333 $764,333 $332,943 $367,452 $539,361
Thru May-21 $582,750 $409,609 $442,504 $415,286 $462,470 $0 $396,500 $282,560 $395,334 $658,957
% Chg (8.1) 23.4 16.5 19.3 (2.9) 0.0 (48.1) (15.1) 7.6 22.2
Location
Thru May-20 77 80 67 62 115 44 64 86 54 64
Boulder Erie Lafayette Longmont Louisville Lyons Mountains Niwot Plains Superior
Median Sales Price
Thru May-21 73 42 44 41 40 0 94 27 52 53
% Chg (5.2) (47.5) (34.3) (33.9) (65.2) 0.0 46.9 (68.6) (3.7) (17.2)
Thru May-20 $520,000 $304,000 $370,000 $346,400 $465,000 $400,000 $399,999 $271,700 $337,000 $527,500
Thru May-21 $582,750 $355,000 $455,000 $400,000 $420,430 $0 $396,500 $301,000 $365,000 $724,814
% Chg 12.1 16.8 23.0 15.5 (9.6) 0.0 (0.9) 10.8 8.3 37.4
Data Source: IRES- Information Real Estate Services
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1565 Judson Drive
This 1,800 sf, 4BD, 2.5BA, bi-level home is located on a super quiet street in the coveted Table Mesa neighborhood. Well maintained and ready for updating, this home is a great opportunity for someone wanting to build equity. Lovely primary suite with attached 3/4 bath. Great views from.
$1,050,000
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2840 La Grange Circle
840 Gilpin Drive
$860,000
$925,000
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Beautifully remodeled 1,788 sf, 4BD, 2BA, bi-level is located on a large, nicely landscaped lot within a stone’s throw of High Peaks Elementary and Boulder’s pedestrian and bicycle trail system.
735 S 42nd Street
Centrally located 2,214 sf, 5 beds, 3 baths remodel ranch with full basement in Majestic Heights! Landscaped lot with stone retaining walls and brick paver walkways. New kitchen with slab granite counters, tile floors, ss appliances!
$975,000
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1,280 sf tri-level home with 4 BD, 2 BA located on a corner 8,717 sf lot in the heart of Table Mesa. Views of the Flatirons from front porch and spacious backyard for summer! Short walk to Bear Creek Elementary, restaurants, shopping, and nearby trails.
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STEVE ALTERMATT, Boulder’s #1Realtor
Steve sells more homes in Boulder than any other Realtor or real estate team!
5489 Seneca Place
This 2,858 sqft, 4 BD, 2.5 BA home features the most coveted floorplan in Keewaydin Meadows: large living areas & a great main floor family room. Covered front & back porch, across from Boulder’s expansive open space.
785 38th Street
Great investment opportunity or starter home in Aurora 7 neighborhood. One level living with 1,053 sf, 3 BD, 1 BA and 1-car garage. Big backyard with storage sheds and private patio for warm nights, plenty of room for a garden.
$850,000
$650,000
Steve Altermatt, CRS 303-441-5669
www.SteveAltermatt.com • steve@stevealtermatt.com 18
AT HOME COLORADO
BOULDER DAILY CAMERA / LONGMONT TIMES CALL
M WT ANT MORE INFORMATION? Check out these great homes and many more at: Check out these homes and many more at:
CUSTOM BUILT HOME - UNOBSTRUCTED VIEWS 1535 Onyx Cir LONGMONT $1,500,000, 5 Beds, 5 Baths, 6124 SqFt
PIECE OF CO HISTORY 14500 County Road 7 MEAD $1,300,000, 2 Beds, 2 Baths, 2383 SqFt
tinyurl.com/BoCoFeatured
IMMACULATE HOME 1912 Creekside Dr LONGMONT $1,025,000, 6 Beds, 5 Baths, 4993 SqFt
FABULOUS RANCH 1745 Montgomery Cir LONGMONT $992,500, 4 Beds, 4 Baths, 5099 SqFt
1-3 un nS e Op
BETTER THAN NEW 2159 Summerlin Ln LONGMONT $975,000, 4 Beds, 4 Baths, 5714 SqFt
BEAUTIFUL FINISHES THROUGHOUT 2270 Front Range Rd ERIE $952,000, 4 Beds, 4 Baths, 6218 SqFt Duane Caraballo 720-371-8629
PREPARE TO BE IMPRESSED 2000 Emerald Dr LONGMONT $900,000, 4 Beds, 3 Baths, 4582 SqFt
YOUR MOUNTAIN RETREAT ON 17 ACRES 344 Old Hughesville Rd BLACK HAWK $899,000, 3 Beds, 3 Baths, 2588 SqFt
TRANQUIL AND PRIVATE 208 Howe Ct BLACK HAWK $849,999, 3 Beds, 3 Baths, 3084 SqFt
1926 FARMHOUSE 695 Beauprez Ave LAFAYETTE $799,900, 4 Beds, 2 Baths, 2292 SqFt
EXCELLENT LOT TO BUILD 2575 Glenwood Dr BOULDER $735,000, .17 Acre
THE RANCH - WESTMINSTER 11265 Quivas Lp WESTMINSTER $675,000, 5 Beds, 4 Baths, 3640 SqFt
SNOW-CAPPED MTN VIEWS 902 Karlann Dr BLACK HAWK $599,000, 3 Beds, 3 Baths, 1669 SqFt
AMAZING LOCATION 2117 Walnut St 11C BOULDER $585,000, 1 Bed, 1 Bath, 438 SqFt
GORGEOUS DOWNTOWN HOME 314 Main St LYONS $520,000, 2 Beds, 1 Bath, 1225 SqFt
SUN DRENCHED 22 ACRES 1451 Ridge Rd NEDERLAND $499,000
FLATIRON VIEWS 665 Manhattan Dr 108 BOULDER $400,000, 2 Beds, 2 Baths, 888 SqFt
LOTS OF STORAGE 1000 E 8th Ave 6 DENVER $339,000, 2 Beds, 1 Bath, 877 SqFt
ONE OF A KIND WITH VIEWS 3345 Chisholm Trl C-204 BOULDER $325,000, 1 Bed, 1 Bath, 592 SqFt
1-3 at nS e Op
BEAUTIFULLY UPDATED 7387 Russell Cir LONGMONT $425,000, 3 Beds, 3 Baths, 1452 SqFt Duane Caraballo 720-371-8629
Boulder 303.499.9880
Downtown Longmont 303.651.3939
On Walnut 303.442.3180
Nederland 303.258.7070
4770 Baseline Rd #220 Boulder, CO 80303
1911 11th St #200 Boulder, CO 80302 June 18-19, 2021
512 4th Ave #101 Longmont, CO 80501
286 N Bridge St Nederland, CO 80466
Lafayette 303.497.0588
109 N Public Rd View these homes online! Lafayette, CO 80026
rem.ax/bocohomes
Louisville 303.666.6500
225 W South Boulder Rd Louisville, CO 80027
Each office independently owned and operated.
ATHOMECOLORADO.COM
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19 Years
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4618 18th Street Open Sat 1-3pm Gorgeous North Boulder Home! www.4618.wkre.com Janelle Cliff: 720-514-2306
Boulder $1,350,000
41 Reed Place Longmont 1602 Oak Ridge Lane Longmont New Listing! $385,000 Under Contract $425,000 Charming home in an ideal location! 55+ neighborhood at 17th and Francis. www.41.wkre.com www.1602.wkre.com Jennifer Rutherford: 720-388-9818 Dennis & Jann Culver: 303-541-1960
1675 Stardance Circle Longmont 867 Jenny Lane Berthoud 3250 Euclid Avenue Boulder New Listing! $1,130,000 Under Contract $525,000 New Listing! $650,000 Stately ranch on 12th hole of Fox Hill CC. Meticulously Maintained and Practically New! 3 bed/2 bath home + studio near CU Campus! www.1675.wkre.com www.867.wkre.com www.Euclid.wkre.com Dene Yarwood: 303-808-0076 Matthew Jensen: 303-819-6494 Rachel Weinberg: 303-541-1913
2340 9th Street Boulder 2696 Big Horn Circle Lafayette 13165 E. County Line Road Longmont New Listing! $1,450,000 Under Contract $440,000 4 Bed, 3 Bath $1,425,000 Charm and function meet, recently remodeled. Bright & Sunny Condo in Lafayette! Rare horse property w/views & lots of water! www.2340.wkre.com www.2696.wkre.com www.13165.wkre.com Eric Wright: 303-883-7245 Janet Borchert: 720-564-6034 Keith Robinson: 303-949-2363
VIEW THE ENTIRE MARKETPLACE INVENTORY OF LISTINGS ON WKRE.COM BOULDER OFFICE: 303.443.2240 LONGMONT OFFICE: 303.776.3344 wkre.com 20
AT HOME COLORADO
BOULDER DAILY CAMERA / LONGMONT TIMES CALL
THE LIGHTER SIDE
Do we need to slick up because of our increased home values? Recently my husband and I got an email from Zillow informing us of our supposed increased home value, which made us happy. Then we got a BY MARY LYNN BRUNY letter from the city notifying us about our increased house appraisal value and subsequent new property taxes, which made us far less happy. Certainly we are not alone here. All of us homeowners living along the Front Range suddenly have properties that have dramatically increased in value. While we’ve been quietly surviving the last year and a half (okay, some of us have been kvetching a wee bit), out-of-staters have been fleeing their crowded, more expensive metropolises and pouring into our state. Who can blame them? We live in an awesome place! I would contend it’s the best state
in the country. Despite our trying to scare these folks away with news about blizzards and fires and bears (oh, my!), still they have figured out how great it is here. And these transplants are happy to pay way above asking price for homes here as these sums seem like deals compared to their former locales. Thus, our home values are skyrocketing. While pondering our new home appraisal, I started wondering if we need to slick up our house to match its new value. For instance, we don’t have actual window coverings in many rooms. Being the classy lass that I am, the first week we moved in I taped rice paper to the bottom half of many windows to give us privacy. Seven years ago this was supposed to be a temporary solution. But lo and behold time has frittered away and somehow getting real window coverings got demoted down my To Do list with “Organize the 27 boxes of old photos” and “Go through the tubs in the attic with your childhood junk.” Not too
surprisingly, none of these items have been completed. (Really, why bother with the last two? I’ll just let our kids deal with them after I die. Only kidding. I would never do that because I’m such a very thoughtful mother. Just ask our sons - after I Venmo them some cash.) Back to the window coverings: I do feel we should raise the bar a bit here and get some actual ones especially now that we supposedly live in such a swanky place. Plus I think window coverings and a bed headboard are signs that you are truly a mature, grown-up human. (I’m semi-constantly working semi-diligently on becoming this.) I’m also wondering about myself. Am I posh enough for my own house? Are my ratty college sweatpants with holes and paint stains still appropriate for me wear while gardening? Are my old, threadbare flannel bathrobe and my ripped slippers proper attire for me to go out in the morning and pick up the newspaper from the front walk? But here’s the thing. Most
Coloradans are very down to earth. It doesn’t matter who you are and what you do or what you wear or what kind of house you live in (or what its current value is). Most people here don’t care about whether you have paper on your windows or ratty sweatpants on your behind. They’re just happy to be living here and happy to make your acquaintance. Like I said, we live in the best state and this is just another reason why it is so. Still, I’m going to work on those window coverings. And maybe I should get some new slippers. But the cozy robe and the sweatpants are definitely staying. Most times slicking down is just way better than slicking up. Mary Lynn Bruny writes about local real estate and homerelated topics. Contact her at ml.bruny@comcast.net. To read previous TLS articles, go to athomecolorado.com/the-lighterside/.
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REAL ESTATE
LAWN AND GARDEN
WK Real Estate welcomes the Daly team
5 simple, sustainable backyard improvements or shrubs, which require minimal upkeep. Support your local environment by choosing native plants, as they typically require less watering, fertilizer and pesticides, and are beneficial to pollinators. Plus, native plants can store excess carbon dioxide for improved air quality. (BPT) - One in three consumers say they have increased their efforts to incorporate environmentally friendly practices, and 70% prefer to purchase ecofriendly products, according to a recent Trusted Media Brands survey. Some of the easiest first steps toward a more sustainable lifestyle can be taken right in your own backyard. Create an outdoor oasis with these simple and sustainable tips - minimal green thumb required. Save time - and water - with low-maintenance landscaping. Plant the seed for a hassle-free backyard by planting perennials
Collect and reuse rainwater. Conserving rainwater is a simple way to make your outdoor space more sustainable. Install a reusable water drum in your yard below your gutter spouts to collect water when it rains. Once full, use the rainwater to water plants or clean exterior surfaces like decking, siding and outdoor furniture. Choose energy-efficient LED lighting. Replace outdated, energydraining deck and landscape lighting with energy-efficient or solar-powered outdoor lights. LED lights are extremely long-lasting, easy to install and use significantly less energy compared to more
Elliott Apartments are located in a historic residential neighborhood in Longmont, Colorado. Just two blocks from beautiful main street Longmont, Elliott Apartments has easy access to shopping, restaurants, and entertainment.
Offering 1, 2, and 3 bedroom apartments.
418 Emery St. Longmont • (303) 772-6452
commonly used incandescent lights. Not only can you enjoy your yard long after the sun goes down, but you can feel good knowing you are making a sustainable choice. Grow “up.” A vertical garden can be an attractive, artful addition to any yard or deck, freeing up valuable ground in small spaces without compromising plush greenery. To start, build a frame against a wall or fence, or plant around an existing structure like a pergola or latticework - all of which work great for climbing plants such as vines, wisteria, honeysuckle and ivy.
Rachel and Jeremiah Daly
Use wood-alternative decking. Among the greenest products available for the home is composite decking, such as Trex, which is manufactured from more than 95% recycled materials. Unlike wood, composite decking resists fading, staining, scratching and mold, and needs only an occasional soap-and-water cleaning. Since composite decking never needs to be stripped, stained or painted, no environmentally harmful chemicals are required. For green bonus points, take items such as plastic grocery bags and newspaper sleeves to one of the many NexTrex plastic film recycling drop-off locations nationwide. Instead of ending up in landfills, these polyethylene plastic films can be repurposed into high-performance composite decking. These easy upgrades will not only benefit the planet but also create an outdoor space that will leave your neighbors green with envy.
Boulder—WK Real Estate has announced the addition of the newest team, Daly Team to the Boulder office. The team includes Jeremiah Daly and Rachel Daly, partners in business and life. The Daly Team’s approach to real estate is simple: put the client first. With Jeremiah’s background in marketing and technology it allows them to meet the demand of today’s tech savvy consumer. For each unique listing, they develop comprehensive marketing strategies tailored to target serious buyers. Both of them had the good fortune of growing up along Colorado’s Front Range, giving them an extensive knowledge of the Front Range communities. Team Daly can be reached at 303.990.2012 and via email at jdaly@wkre.com
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3100 34th St, Boulder, CO 80301 or Call 303-442-0230 Hours of Operation: Monday-Friday 9am-5pm Equal Housing Opportunity
FOR LEASE Prime location 1128 N. Main St, Longmont, Available July 1st. Three yr. lease $5,000 per month. POC welchcolorado@gmail.com
1 room in Clean 3 bed 1 bath house in Martin acres S Boulder. stove, fridge W/D. internet and WIFI no pets 6 blocks to CU & shopping, half a block to bus. $650+ 1/3 utilities avail 7/1/21 Call John for more information 303-494-4532
NEED A ROOM! Prefer room with no pets or folks. I do not drink or smoke. I am a peaceful old hippie, vegan since 1980, on Social Security & food stamps. Have cable phone it is acting up leave message & I’ll call right back. Name’s Tim Sr. Can pay $400 a month. 720-694-1246
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• June 18, 2021 • 23
RECENTLY LISTED HOMES UNDER CONTRACT
LONGMONT | 535 SUMMER HAWK
LONGMONT | 4318 HEATHERHILL
LONGMONT | 1512 LASALLE WAY
BOULDER | 6965 FIREROCK CT.
4 BR * 4 BA * 4462 TSF (941124) * $689,000
4 BR * 5 BA * 6442 TSF (942100) * $1,399,000
5 BR * 3 BA * 3849 TSF (942468) * $650,000
4 BR * 4 BA * 3289 TSF (942545) * $850,000
OPEN SAT. 12-3 & SUN. 12-2
UNDER CONTRACT
BOULDER | 25 BARCELONA DR.
BOULDER | 7781 BROCKWAY DR.
BOULDER | 2428 BLUFF STREET
LOUISVILLE| 129 S. FILLMORE AVE.
4 BR * 3 BA * 3218 TSF (942605) * $900,000
3 BR * 3 BA * 2350 TSF (942632) * $989,000
3 BR * 2 BA * 1878 TSF (942645) * $1,247,000
4 BR * 2 BA * 1680 TSF (942769) * $750,000
LONGMONT | 5228 MT ARAPAHO
LAFAYETTE | 1068 DELTA DR. E
WARD | 410 PINE CONE DRIVE
BOULDER | 805 29TH STREET 412
3 BR * 4 BA * 2902 TSF (942803) * $489,000
2 BR * 3 BA * 1761 TSF (942841) * $415,000
0 BR * 0 BA * 528 TSF (942849) * $425,000
2 BR * 1 BA * 864 TSF (942889) * $379,000
UNDER CONTRACT
OPEN SUNDAY 3 - 5 PM
BOULDER | 395 COUGAR DRIVE
BOULDER | 7301 PETURSDALE CT.
BOULDER | 6532 FLAGSTAFF RD.
BOULDER | 3301 ARAPAHOE E218
4 BR * 3 BA * 2693 TSF (942907) * $950,000
3 BR * 3 BA * 3342 TSF (942937) * $979,000
4 BR * 3 BA * 3548 TSF (942985) * $1,375,000
1 BR * 1 BA * 846 TSF (943027) * $599,000
BOULDER | 7138 CEDARWOOD CR.
ESTES PARK | 755 ELM ROAD 15
GREELEY | 6017 W. 13TH ST. RD.
WARD | 600 ROCK LAKE ROAD
2 BR * 2 BA * 3514 TSF (943069) * $895,000
2 BR * 1 BA * 627 TSF (943091) * $305,000
3 BR * 3 BA * 2722 TSF (943122) * $545,000
1 BR * 1 BA * 1409 TSF (943124) * $695,000
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2425 Canyon #110 | 1320 Pearl 24
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