Our fledgling wrens and finches have flown their coops and so the back patio at the Red Door Ranch is quiet, save for the late summer cricket+cicada chorale. Mornings arrive damp and cool. The high summer sun sets lower and as such the school year begins and for better or worse, we arrive autumnal.
My business continues to thrive although at a slightly slower pace in July/Aug. It was wonderful to get out and enjoy the Colorado wild in this summer - gosh I love this state! It’s a state of mind actually. I was recently listed in the #10 spot for second quarter agent production by Real Producers Magazine of Boulder County. Thanks to those of you I’ve worked with this year for pushing my biz to the next level — it’s been so fun and rewarding!
In local real estate news, Boulder County experienced a 7.2% loss in inventory compared last year at this time. Median and average sale prices split the field with a 3.4% drop in the median while the average rose 1.9%. The fact that these numbers hover lower affirms the hitch in the giddy-up we experience in the current marketplace.
Average days on market rose 68.5% over last year from 35 to 59 days. Sellers this fall will need some patience with timing and pricing. But we are seeing an uptick in showings and there are still some competitive offer situations for properties that greatly appeal to that available buyer pool.
The percent of homes under contract this year has been averaging 34% and reflects a balance of power between buyers and sellers. General rule of thumb we use is we see appreciating markets above roughly 35% and depreciating markets below 30% under contract. While the market historically cools in July and August we are forecasting a calm yet productive fall season without major disruptions in the force.
I’ve got some fun listings coming soon; from Boulder to Longmont and up to Summit County for one of the most amazing homes and properties around — I can’t wait to share.
Alas, there is a property I do want to share today, and while it is not my listing it is an amazing home at 1055 County Road 200 in Poncha Springs up near Salida and BV. If you have friends or family looking to own a primary or second home in Chaffee County at the base of Monarch Mountain with Poncha Creek frontage and with acres of true Colorado landscape, then this is a property is a must see, and feel. And if trout fishing, mountain biking, rafting, trail running, hot springs and skiing is your jam, than turn the car around and get there now. Contact Jeff Post at First Colorado Land real estate office in Salida at 719-539-6682 or email post@firstcolorado.com. So why am I posting this? This sale is for good friends of mine moving back home to the Boulder area. Thank you for sharing!
This month’s charity for giving is the Chordoma Foundation. Chordoma is a slow growing cancer of tissue found inside the spine. Chordoma can happen anywhere along the spine. It is most often found near the tailbone or where the spine meets the skull. It’s Chordoma Foundation’s plan to bring about treatments that can prevent recurrence, eliminate tumors rather than just slow their growth, and preserve patients’ quality of life. If we all contribute what we can, these new treatments are not only possible, but probable. Please see how important this program is and give today!
Thank you and don’t forget to SMILE!
Jon Hatch
Realtor®, RE/MAX Lifetime Achievement®, RE/MAX Hall of Fame®, GRI®, ABR®
RE/MAX of Boulder
303-513-2834
hatch@boulderco.com
http://www.jonhatch.com
Lead photo: August evening storm in the BOCO, photo by Hatch