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Tag Archives: Boulder Real Estate Market
The latest Boulder real estate market information, Boulder home prices, and Boulder housing updates from Stephanie Iannone Boulder real estate agent, and top producing Boulder realtor managing broker with Housing Helpers of Colorado
More solar powered homes in Boulder future
While other utilities are addressing their renewable energy goals by investing in large-scale solar and wind farms, Boulder community leaders are looking to see how a municipal utility could encourage more solar power through rooftop panels on commercial buildings and homes, the Boulder Daily Camera recently reported.
Data released by the City of Boulder shows that, in 2013, much of its renewable energy was coming from wind power and purchase agreements outside of the area.
Currently, only two percent of the Boulder’s renewable energy comes from local solar power, the article stated. I think that number would surprise most Boulder residents. There aren’t that many solar powered homes in Boulder.
A working group made up of industry representatives, technical and policy experts, and members of the Boulder community are hoping a municipal utility could reduce the barriers of rooftop solar panels and community solar gardens for apartment dwellers and others who can’t place panels on their rooftops. Some of the barriers include the soft costs of permitting and code requirements. It’s not the way a lot of utilities are going these days, admittedly.
The costs of rooftop solar powered homes are indeed higher than those associated with investment in large-scale renewable energy farms. However, what Boulder has going for it, beyond the determination of a working group, is a lot of sun and a community well versed in the benefits of solar power.
Much discussion remains to be had, the article noted, as net metering and improved solar storage that allows people with solar powered homes to opt out of the grid leaves those still dependent on the grid to shoulder the burden of its infrastructure. The working group is studying how several other cities are handling this situation, including Sacramento and Austin.
In Austin, the city is moving away from net metering and into a “value of solar” model, where everyone pays the same for electricity, but then a value of solar calculation is made each year — determining how much the city utility saved because of the solar provided — and customers with solar panels are reimbursed for their portion of that value.
If you’re looking for a community that is energy aware and looking to provide the utility of the future, Boulder Colorado is your place. And if you’re looking for solar powered homes in Boulder County we can help you find one. We’d love to talk more with you about Boulder and help you to make it your home. For more information, contact us. 303.545.6000 [email protected]
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Boulder Colorado residents share vision for East Arapahoe
The City of Boulder is growing. With thousands of new residents relocating to Boulder each year many of Boulder’s older neighborhoods are being redeveloped to house multiple new high density uses. The east Arapahoe corridor is at the center of this movement.
Arapahoe Street runs east and west starting at the foothills, trailing through downtown Boulder, continues east through the business district, and exits the city of Boulder at the east end into the bordering city of Lafayette Colorado.
A staggering 40 percent of the workforce in Boulder works along the East Arapahoe corridor, a recent article from the Boulder Daily Camera stated. Some of the city’s largest employers are there, including the Boulder Community Hospital’s Arapahoe Campus..
Now the city is asking residents to participate in deciding how the corridor will look in the future.
At a July public meeting, Boulder officials and urban planners told residents that it was important for them to have a say in the Envision East Arapahoe project, which will integrate land use concepts, transportation connectivity, and other community-led elements. Already, the Colorado Department of Transportation and RTD are taking a look at the transportation aspects of a plan for East Arapahoe. RTD is considering arterial bus rapid transit lines to the area, the article stated.
Boulder Colorado residents’ comments at the meeting ranged from wanting high density rental properties to wanting greater segmentation of land planned for apartments and land planned for businesses. Some residents asked that the area be more bike and pedestrian-friendly while others asked that the roads not be widened to more than four lanes.
One resident, who lives in unincorporated Boulder County stated that she wanted to see the opinions from country residents sought the same as the city residents’ opinions are. An additional public meeting is planned for October, and adoption of a final plan might happen before years’ end.
Choices are a great thing. Part of Housing Helpers’ job when working with individuals and families who are planning a relocation to Boulder Colorado is listening to what their desires are and giving them multiple options that can best meet those desires. Boulder is deciding what its future is going to look like. You can too. We can help. For more information, contact us.
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Boulder based broadband company expands to Denver
Zayo Group, a Boulder-based broadband infrastructure firm, has announced that it will be expanding to Denver. According to a recent article from the Boulder Daily Camera, the Denver office will be Zayo’s fourth in the state, joining offices in Boulder, Louisville, and Greenwich Village.
Zayo Chairman and Chief Executive Officer, Dan Caruso, said that establishing a larger presence in Denver is important to the company as the telecommunications industry that is driving the state’s economy has deep roots there. He stated that Zayo is looking forward to ingraining itself in the city’s startup and entrepreneurial scene.
Currently more than 400 of the company’s 1,500 employees worldwide are located in Colorado. The Denver office will employ 125, many of whom will transfer from other locations in the state. The 24,000 square-foot office is located in downtown Denver and is scheduled to open in August, the article stated.
Caruso added that Colorado is establishing itself as a “geographical hub of technology and innovation.” When industries thrive and grow as technology is in Colorado, population also grows. Whether you’re coming here to find a job or transferring here because of your job, coming from out of state or from a different part of the state, having someone who knows the area and can help you find housing is important.
Housing Helpers has been helping people find homes in the Boulder County and Denver metro area since 1987. Whether you’re looking for a rental home, apartment, or condo, or you’re looking for a home to buy, we’re pleased to offer personal service based on your needs.
From before you even move until after you’ve settled in, we’re here for all of your relocation needs. For more information and a free consultation, contact us today.
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Boulder leaders talk about the flood, vow to “build back better”
At a recent Natural Hazards Research and Applications Workshop in Broomfield, Boulder Mayor Matt Appelbaum and city manager Jane Brautigam talked about last September’s flood.
According to a report from the Boulder Daily Camera, Appelbaum stressed that while they certainly couldn’t have been completely prepared for the record-breaking flood that impacted areas not prone to flooding and outside of the flash flood season, some things did work in the city’s favor.
The disaster planning that the city did helped in the crisis, Appelbaum said. Extensive open space, multi-use creek paths, high-hazard property acquisition and their collaboration with other organizations not only helped mitigate some of the damages from the disaster but have helped in the rebuilding process as well.
Also helping with the rebuilding is funding from FEMA, Brautigam explained. However, because Boulder needed to use its own money upfront before getting reimbursement from FEMA, the city was also fortunate to have had financial reserves. A problem with FEMA, she went on to explain, is that it only helps communities to get back to where they were before the disaster. City officials hope to “build back better” though, she said, creating a community that is stronger and more disaster-resistant than before.
Housing Helpers supports the efforts of the city to rebuild and believes it will be stronger, both in terms of disaster resistance as well as in the community sense. In terms of the Boulder real estate market, the Boulder market is thriving, but the signs of the flood are still apparent as you drive through certain neighborhoods in Boulder County.
Housing Helpers got its start in Boulder in 1987, and we have been pleased with the way the City has continued to thrive in spite of the flood, but also proud to consider Boulder our home. If you’re interested in making Boulder or any of the other area communities your home too, contact us.
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University of Colorado expansion good for Boulder
The University of Colorado is working to finalize its expansion of athletic facilities in Boulder. CU Boulder Athletic Director Rick George says that the new facilities will not only benefit the student athletes, but the business community as well.
The expansion will feature a high performance sports medicine center that is open to the public, as well as retail spaces and meeting spaces. The meeting spaces would help the university attract small to medium-sized events and conferences that are currently held in other locations outside of the city, the article noted.
One of the spaces — a 9,900 square-foot Touchdown Club — would become one of the Boulder’s largest meeting spaces, able to host more than 1,000 people at a time when rented out on non-game days. George said he believes that many businesses around the nation would be interested in having their meetings and conferences in Boulder because there is so much that the town has to offer once business has concluded for the day.
The 12,000 square-feet of retail space could include a mixture of local business and national chains, as well as service businesses such as banks, George explained. Additionally, the increase in meeting space could further push the city’s need — and its ability to fill — new hotel rooms.
Boulder is an attractive place to be, not just for businesses planning their events here, but also to businesses planning to relocate here and for the people who work for those businesses. If you’re looking to expand or relocate your business in the Boulder area, we can help you and your employees find housing to suit your budget and needs.
Let us use our extensive experience with the Boulder real estate market to get you into a home you’ll love. Contact our Boulder office at 303.545.6000.
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Boulder’s Economic Future Looks Bright in Spite of Flood Damage
According to Cliff Harald, the executive director of the Boulder Economic Council, Boulder’s future looks bright in spite of the damage from summer’s flood and the continued drag it has had on the economy. In a recent interview with the Boulder Daily Camera, Harald said that business expansions and hiring are up and that real estate vacancy rates in Boulder have fallen.
More bright notes, Harald stated, include millions of venture capital dollars that are being invested in Boulder companies. Additionally, there are increased revenues for the state and local governments.
However, Harald noted, the community is facing “severe and widespread” damage from the flood and years of recovery from it. While the recovery causes an increase in business for some industries, such as construction, it represents a hardship for the community as a whole.
In addition to the multi-million dollar flood recovery, he stated, companies are challenged with finding employees who have the skills they need and with a shortage of workforce housing. Still, the businesses that the Boulder Economic Council works with nearly all say that they’re planning to stay and to expand in Boulder. Further, more companies are coming in. Harald reported that there was a 50 percent increase in inquiries last year from businesses considering relocating in Boulder, and four small businesses have already stated that they plan to relocate here in 2014.
The Boulder community and its economy undoubtedly face a long road to recovering from the 2013 floods. However, when it comes to a community, Boulder is a strong one. And when it comes to the economy, Boulder continues to thrive and to provide an excellent quality of live for those who live and work here.
Housing Helpers is proud to be of service for those who plan to relocate to this great community. Whether you’re looking for workforce housing or housing for your own family, it helps to have the experience and knowledge that decades of work in Boulder real estate can provide. For more information, contact us today.
To learn more about the Boulder Real Estate Market contact Stephanie Iannone at 303.545.6000.
Colorado real estate market feels impact from floods
According to a recent report, analysts are now saying that, similar to other natural disasters including fires, the summer floods experienced in the state could negatively impact the Colorado real estate market for at least a year.
Some of the early effects that are already being seen include lower inventory due to homes seeing flood damage, a booming rental market due to displaced residents and re-inspection by appraisers of all of Boulder and Weld Counties resulting in delayed closings and loss of interest rate locks.
Home values could see a decrease too as FEMA begins significantly changing the flood plain maps. Other impacts from that include the need for additional need for flood insurance and individuals experiencing more difficulty in lending on certain properties. Historically, however, the home values in places such as Boulder that are already included in the flood plain maps have not experienced much of a decrease, the report stated.
Since 1987, Housing Helpers has been serving the area that has been impacted by the floods and beyond. This is our home community and we are here to help our community recover. We have recently entered into a partnership with local governments and non-profits such as the United Way to help locate more temporary rental housing for those that have been displaced. If you or anyone you know has a rental property in Colorado to offer, or even just a room in your house to offer, please contact us right away- there are still hundreds of people that are in need of housing.
Beyond recovery, we are looking forward to seeing the region grow and thrive, continuing to help those who are looking to relocate to Colorado, to purchase a home, rent an apartment, or relocate for work opportunities in Colorado. With Housing Helpers, there is no need to sacrifice personal, friendly service for reliable information. We offer both. How can we serve you? Contact us and let us know.
Will Colorado floods affect property values?
The September floods in Colorado are, by many accounts, the worst case scenario. These conditions are the sort that cities consider in the creation of new flood plans. Without a doubt, the floods will change the lives and the way of life for many Coloradans. But will they have an adverse impact on property values in Colorado?
At our Housing Helpers Boulder office we are already getting this question from homeowners, prospective home buyers, and landlords alike. Boulder Colorado, a place historically where property values have managed to stay relatively insulated from economic recessions, stock market crashes, terrorist attacks, and more. Could the floods of epic proportions be the event that actually bring Boulder’s property values down? According to a study found on the City of Boulder’s website, maybe they will. Maybe they won’t.
The study, published by Stephen Yao of Risk Frontiers – NHRC and Macquarie University, whether a property’s situation in a floodplain impacts its values or not depends on the premium placed on waterfront properties in the area. Some waterfronts are so in demand that owners are willing to take the risk of the 100 year flood in order to have the views and the conveniences of living close to the water.
Whether or not property values decline after a flood has taken place also vary from study to study and region to region. One point emerges from the various results, however. Being located in an area where a flood has occurred is more likely to impact property values than being located in a floodplain. How long adverse impacts of flooding on property values last depends on how extensive the damage was.
As Boulder and the region recover from the floods over the next days, weeks and months, the impact of this month’s events on the real estate market are uncertain.
Those of us in the industry will most certainly be paying attention to the situation, because the people we serve are relying on our experience in the area and our knowledge to make important decisions regarding the buying and selling of properties in the area.
More importantly for now we are simply focused on helping our neighbors, friends, and family to clean up and restore their lives to normalcy as much as possible. For many of us it will be months, if not years, before the reminders of this epic event will be erased.
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The Table Mesa neighborhood in South Boulder
One of Boulder’s great, and active, real estate markets is the Table Mesa neighborhood Boulder. Divided into North (Enchanted Mesa) and South, Table Mesa is nestled in the foothills south and west of the downtown area. Home to the iconic I. M. Pei building and hosting lots of beautiful nature trails for wandering, Table Mesa is an attractive place to raise a family while still being convenient to all that Boulder has to offer. Viele Lake, the Harlow Platts Park and the South Boulder Recreation Center are some of the attractions that draw potential homeowners to this area
That I. M. Pei building is home to the National Center for Atmospheric Research, NCAR, including the Mesa Lab Visitor Center, which features free exhibits about weather and climate and is open daily. They also let anyone traverse the steep, winding and scenic road to the lab from 6:30 am until dark, weather permitting. This allows bicyclists, runners, pedestrians, photographers and general nature lovers (including dog-walkers, as long as those dogs remain on the leash) to explore and enjoy this lovely mountain sanctuary.
Statistics show that Table Mesa neighborhood Boulder homeowners have average household incomes significantly higher than the Boulder average. However, the average estimated value of Table Mesa South detached homes in 2010 was nearly $90,000 lower than the average Boulder house. It’s therefore not surprising that the Table Mesa real estate scene is hot, with 6 active listings, 7 houses under contract, and 42 homes sold within the past 6 months. This means that, if no new homes were to come on the market, existing inventory would be gone in under two months. So if you’re thinking about purchasing in this desirable area, you won’t want to drag your feet.
Homes for rent in the Table Mesa neighborhood Boulder are equally in high demand. Rental homes in Table Mesa consistently command much higher rental rates than other neighborhoods of Boulder. When homes are listed for rent in Table Mesa we are seeing them snatched up within days. One of the reasons for the tight rental market in Table Mesa is the lack of apartment rental inventory. There are very few apartments in the Table Mesa area. The largest apartment community in the Table Mesa area is Boulder Creek Apartments. Here you will find one bedroom apartments and townhomes rental ranges ranging from $1254 to over $2400 per month. Two bedroom apartment homes in the rent range of $1600 per month to over $3,000 per month. The overall vacancy rate in Table Mesa is less than 2%. (rental statistics as of the time of this post).
The Table Mesa neighborhood Boulder is recognized as a neighborhood with stunning Colorado scenery, excellent schools, outstanding access to trails and outdoor recreation, and great proximity to the University of Colorado, downtown Boulder, and easy access to major transportation routes to Golden and Denver. Statistics show that Table Mesa can be a more expensive part of Boulder for renters and home-owners alike, and that there is a limited supply of housing available in this part of town. For newcomers, you will need to be patient to find your ideal home in Table Mesa.
Our Boulder Realtors can help you track the real estate market in Table Mesa to find your dream home. And our Boulder rental specialists can help you track the rental market in Table Mesa. Either way, we’ve got you covered!
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Homes here are going fast, so let Housing Helpers find you the perfect home in Table Mesa today.
Boulder Home Prices
Boulder Colorado’s improving economy, mountain landscapes, and over 300 days of sunshine continue to attract home buyers and renters. In the year ending June 2013, Boulder home prices have risen by 8.5 percent to $454,600, according to Zillow. This amount consists of the median estimated value of all properties in the city, including those that are on sale and those not on the market.
- The median list price is $519,000, up 5.2 percent. The median sale price is $457,900, up 6.7 percent.
- East Chautauqua boasts the highest home values of $799.500, up 7 percent. The greatest increase goes to University Hill at 14.8 percent to $549,600.
- The least expensive values are in Keewaydin at $209,800. The lowest increase is the 1.8 percent of East Aurora to $319,900.
- The median monthly rent in Boulder runs $1,600, up 6 percent from a year ago. The increasing price is forcing many people to put their money into a home rather than spend it on rent. Just under 50 percent of residents are homeowners, compared to over 66 percent for the United States.
About 62 percent of the homes in Boulder consist of single-family homes.
- Over 22 percent of homes consist of 1,000 square feet or less. Over 20 percent are between 1,000 and 1,400 sq. ft. and almost 19 percent are between 1,800 and 2,300 square feet.
- Over 40 percent of homes were built from 1960 to 1979, with 27 percent from 1980 to 1999 and almost 14 percent from 1940 to 1959. Only 9 percent of the homes were constructed in the 21st century.
- The median home size runs 1,598 square feet, with the average one being built in 1971. Property taxes run $2,910 per year.
If you’re interested in learning more about the trends in Boulder home prices or getting into the Boulder housing market as a buyer or a renter, please contact us at Housing Helpers Boulder.
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