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A Description of Boulder Colorado Real Estate and the Surrounding Cities

Saturday, September 13th, 2008
Fort Collins
Claire Call asked:


A Description of Boulder Colorado Real Estate and the Surrounding Cities

Boulder Colorado, located around a half an hour Northwest of Denver, and 45 minutes Southwest of Fort Collins, is an excellent place to live. Right against the Rocky Mountains in Colorado, Boulder Colorado has so much to offer residents. A Boulder Colorado home for sale very often is the most pricey in the area, but with good reason. For one; it is near impossible to build a new house in Boulder because of a moratorium on new housing developments. The restriction on supply has just made demand go up (and has caused prices to go up right along with that demand.) Different from communities in the surrounding area (which we’ll describe below), the city of Boulder has the most employment, the largest trail system, the most recreation facilities (4 city owned, and dozens of privately owned facilities), great schools, and certainly — “The Flatirons” which are located in Chataqua Park. The Flatirons can be seen for miles, are utilized by hundreds of thousands of visitors and residents every year, and are viewed worldwide as a Colorado landmark.

Boulder Colorado’s population is a little over 100,000, and the prices for homes in Boulder start at approximately $125,000 for a starter 1-bedroom condo. The going rate for single family houses start at about $250,000, which will likely get you a 900 square foot, 3 bedroom house. When you get closer to downtown Boulder, house prices tend to be higher.

If you have thought about residing in the city of Boulder, but aren’t thrilled with the prices for houses in Boulder, Louisville Colorado is as little as 10 to 15 minutes East of Boulder. There are four pretty easy routes allowing access to Boulder from Louisville; Arapahoe Road, Baseline Road, South Boulder Road, and Highway 36. In addition to easy access via automobile, Boulder County has a very effective system of transportation, with multiple city bus routes that go downtown if you’d prefer not to drive. A Louisville house for sale is on average up to 30% lower than Boulder house prices. While the starting price for a Louisville town home or condo is around the same as in Boulder, you get more for your money. It is the same with single family homes. A Louisville starter home will usually sell for around $250,000, but rather than a 900 square foot home without a garage, you will probably be able to get a home with 1000 to 1200 square feet with a one to two car garage. Louisville isn’t merely a suburb of Boulder either. Indeed, a lot of residents of Boulder often come to Louisville for the amenities the city offers patrons, such as big-box shopping such as Costco or Super-Target, a movie theater, or one of the many attractive small town eateries.

The second largest city in Boulder County, Longmont has a population of about 70,000. Longmont CO is located around fifteen to twenty five minutes Northwest of Boulder via hwy 119 (also known as The Diagonal). Unlike other Boulder County cities that are fairly intertwined with Boulder, a lot of families in Longmont like to think of themselves as a great deal more independent from Boulder. Longmont has large-scale employers, a transportation system, shopping centers, and has both an old town and a newer part of town. Longmont has lovely Victorian charmers, as well as dozens of stylish new home communities with a wide variety of building styles. Generally, Longmont Colorado real estate prices tend to be as much as 35 percent lower than in Boulder. Prices will largely depend on the section of town that homes are in.

Niwot Colorado is another city that is found near Boulder. Though Niwot is beginning to expand and seeing a lot of custom, and semi-custom home developments, it is primarily a bedroom community to Boulder. Real estate in Niwot is unusually limited, and the average price of a home varies a great deal. Home prices are so fluctuant mostly because at any given time, there are only fifty to seventy houses that are available for sale. With so few homes available, 2 or 3 sales on one side of the price scale can drastically shift the average price for that month. (It should be noted that most towns and cities have hundreds, if not several thousand houses on the market, and average prices are more constant than when there are just a few dozen houses for sale - such as with Niwot Colorado.) Overall, Niwot is a rather charismatic smaller town that is as close to Boulder as you can get without truly living in Boulder itself.

Just about 15 or 20 minutes East of Boulder via Baseline Road, Arapahoe Rd, or South Boulder Rd — is Lafayette, Colorado. Lafayette is one of the fastest growing communities in Boulder County, with the Indian Peaks Neighborhood as biggest part of that development. Lafayette home prices are usually up to 35% less expensive than Boulder prices. Along with getting more house for the money in Lafayette, Homeowners welcome the ambiance of a small town with benefits like fine antique shops, family run businesses, access to I-25, and of course, the Indian Peaks Golf Course - one of the most magnificent public courses in the area.

For more details or current market statistics on any of the areas that we have talked about in this article, or for reports on other communities in the Boulder County area, call your Benchmark agent or look at www.BenchmarkRealtyLLC.com.



PIONTEK

2006: Best U.S. Cities To Buy Real Estate And Homes

Friday, September 5th, 2008
Fort Collins
Real Estate Advisor asked:


Eager to know the top cites in America where one can safely invest? Here are the best real estate markets in the entire country according to a recent report from Business 2.0 Magazine. The November 2006 edition of the magazine lists the top ten cities that are ideal to buy a home. These are – Panama City and Vero Beach in Florida, Bridgeport in Connecticut, Lakeland in Florida, McAllen in Texas, San Luis Obispo in California, Wilmington in North Carolina, Manchester in New Hampshire, Fort Collins in Colorado and Atlanta in Georgia. The report cites the appreciation rates of home prices projected over a period of five years.

Florida enjoys the status of having three of the top four cities to invest in. Panama City, which tops the list of best places to buy real estate is expected to have a real estate appreciation of 72% over the next five years. Major real estate development projects such as the building of a new airport and low property prices are expected to boost the economy and the housing market.

Vero Beach, projected to have an appreciation of 64%, comes second for its excellent weather, low property taxes and a lower cost of living. Lakeland, with a 59% projected gain in home prices is a tempting option with homes selling for a fifth less than the national median price.

Buying a home in Bridgeport, CT is a bargain now with median home prices at a very low $280,000 compared to the rest of the Fairfield County. Home prices in McAllen, TX which holds the fifth place, are expected to soar by 57%.

It is estimated that homes in the McAllen, TX area may appreciate 57 percent with an increase in the median home price from $70,000 to $109,000.

Homeowners making an investment in San Luis Obispo, California, today, are expected to get a good appreciation (40%) on their homes over the next five years.

The median home price in Wilmington, NC is expected to increase to $297,000 by 2011, up from the current price of $217,000, an increase by 37%.

Manchester, NH, which has twice been rated as the ‘best place to live’ in America by Money Magazine, sits at eighth place with an expected appreciation of 35%.

Fort Collins and Atlanta follow in the ninth and tenth places of top cities for real estate investment in the USA. Fort Collins, one of the most popular cities in America, has been ranked as the ‘No.1 small city’ this year by Money Magazine. Recent price reductions in the housing market makes ‘now’ the best time to buy a home or condo in this city with an estimated property appreciation of 28%. Atlanta is poised for a significant appreciation too with an expected rise of up to 24% in home prices over the next five years.

So, if you are a prospective homebuyer set to take a plunge into any of the top ten real estate markets, it is the right time to enlist the services of a good real estate agent who can guide you through the complicated home buying process.



FREI