Michelle VANCIL    "exceptional service every time"
Broker Associate
REALTORŪ/ABRŪ
contact email michelle
Phone 303-588-4847
Fax 303-443-1440
1938 Pearl Street
Suite #200
Boulder, CO 80302
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On The Move

My monthly newsletter is designed to provide you with information about:

Buying or selling a home...
Homeownership...
Boulder County Real Estate Market Statistics...
Mortgage News...
Upcoming Community Events
And more...

Subscribe now if you would like to receive this free newsletter via e-mail each month.

Enjoy!


 
   
 On The Move           
    From Michelle Vancil      July 2010  
 
           
 
        Michelle Vancil       
                                                        www.michellevancil.com
 
Happy July! Sorry for the delay in getting this month's newsletter out to everyone. I wanted to wait for the final 2nd quarter numbers to come out (see detailed numbers in Area Real Estate Sales below). 
 
Across the board the number of sales for both single family and condos/townhomes were up 2nd quarter of 2010 over 2nd quarter of 2009. This is great news, yet...I'm a little worried we may not see the same rise in the 2nd half of 2010 due to the expiration of the first time home buyer and move-up buyer tax credit. The government did extend the closing date to the end of September (giving Buyers two extra months to close on their house and receive the credit), but the time line to go under contract has passed. We'll know more in a few months.
 
Check out the mortgage rates below. It might be a great time to refinance if you haven't done so already. Rates in the mid 4%. We didn't think they'd go quite this low, but here they are! Let me know if you need any lender contacts to get your mortgage lower while you can. If your current rate is above 5.5% is might be worth it.
 
I had a chance to get away camping with my family up in Rocky Mountain National Park this last weekend. I'd forgotten how breathtakingly gorgeous it is up there, and how close we live to all of it! I hope you get a chance to relax in the great outdoors this Summer. Being so close to the mountains is one of the reasons a lot of us live here. It's a great reminder why we live in such a desirable place and why real estate in the area is a great long term investment.
 
Have a great month.
 
Michelle
Area Real Estate Sales
2nd Quarter - 2009/2010 Year-to-Date Market Comparison
 
 
Residential 
2009
Avg. Sales
Price $
2009
Avg. Days
to Offer
 2009
Units
Sold
2010
Avg. Sales
Price $
2010
Avg. Days
to Offer
 2010
Units
Sold
Metro Denver
 $252,363
   73   
 15,432
 $277,023  
 82
16,506 
Boulder
 $651,360
77
239
$660,000 
75 
 347
Broomfield 
 $328,657 
  99   
   318   
$333,233 
79
337 
Louisville
 $391,030
43
 116
 $449,151
 48
 106
Lafayette 
 $339,536
65
 92
 $341,392
 69
 141
Longmont 
 $235,998
79
399
 $250,512
 72
 478
Superior 
 $396,996
57
56
 $408,829
 52
 63
Gunbarrel
 $450,867
67
 37
 $430,770
 80
 44
Niwot
 $877,921
133
 19
 $626,057
 102
 23
Erie 
 $337,910
 78
 149
 $339,889
 102
 206
Mountains
 $411,478
154
 83
 $371,082
 129
 103
Condos/Townhomes
 
 
 
 
 
 
Metro Denver
 $155,753
     76
 3,931
 $162,012
 87 
 4,484
Boulder 
 $319,764
     99
 291
 $298,137
 139
 360
Louisville
 $188,774
     61
 25
 $219,227
 83
 26
Lafayette
 $187,706
     98
 37
 $175,631
 50
 59
Longmont 
 $171,281
    107
 78
 $171,871
 71
 96
Superior
 $265,625
     79
 18
 $228,892
 87
 25
Gunbarrel 
 $174,087
     85
 41
 $187,365
 60
 52
 

 
     In The News....
 
New-home sales plunge 33 pct with tax credits gone Sales of new homes collapsed in May, sinking 33 percent to the lowest level on record as potential buyers stopped shopping for homes once they could no longer receive government tax credits. read more here
 
Census shows 11 Colorado cities (Including Boulder) have more than 100,000 residents In the metro area, the estimates showed that Centennial and Boulder rose above 100,000 in population — making them the 10th and 11th Colorado cities to surpass the mark. In 2000, there were eight. Boulder's rise above 100,000 was due to growth and a city challenge of earlier census estimates as too low, said City Planner Chris Meschuk. read more here
 

 
Current Mortgage Rates 
 
 Mortgage Type
 National
 Local
 15 Year Fixed
4.08%
3.875%
 30 Year Fixed Jumbo
5.51%
5.875%
 30 Year Fixed
4.69%
4.375%
 5/1 Arm
3.68%
3.5%
 5/1 Arm Jumbo
4.19%
4.375%
 FHA 30 Year Fixed
4.75%
4.5%
Examples and are based on market conditions as of July 8th, 2010. Local rates include 1 point paid to Lender. This is not a guarantee of any kind.  Interest Rates are subject to daily change based on market conditions and a variety of specific qualifications for borrowers
 
4.5% has finally arrived! 
For homeowners, a rate of 4.5% for a 30 Year fixed mortgage has been always been just out of reach.  Even a year ago, when rates were around 5%, lending institutions were saying 4.5% would never happen. Well, the time has come and lots of homeowners are taking advantage of what is sure to be a very small window of opportunity to refinance their homes.  Of course every refi has to make good financial sense; homeowners have to recapture their costs quickly, and there must be short as well as long-term benefit.  But speaking generally, if a homeowner is paying 5.5% or over for a $200,000 mortgage, there is benefit to the refinance.
 

   
Local Events...
 
Colorado Shakespeare Festival
July 2th - August 8th
Location:  CU Campus
www.coloradoshakes.org
 
Colorado Dragon Boat Festival
July 24, 2010 - July 25, 2010
Location: Sloan's Lake Park
http://cdbf.org/ 

Boulder Outdoor Cinema
July 5th - August 28th
Location: Behind the Boulder Museum of Contemporary Art
www.boulderoutdoorcinema.com
 
2010 Rocky Mountain Tea Festival
July 24th - July 25th
Location: Boulder Dushanbe Teahouse
www.boulderteahouse.com
 
3rd Annual Boulder Festival of the Arts
July 24th – July 25th
Location: 29th Street Mall
www.artfestival.com
 
Tutankhamun: The Golden King and the Great Pharaohs
June 29th - January 9th
Location: Denver Art Museum
www.denverartmuseum.org/home
 
   
   
 
 

"We are still masters of our fate. We are still captains of our souls."

-Winston Churchill

  
 

 
 
Contact Michelle
 
303-588-4847 or
 
 
 

  
 
Featured Listings
 
  
 4670 White Rock 12
 $164,000
 Boulder, Colorado
 
 
 
 720 Peakview Rd
 $474,900
 Boulder, Colorado
 
 
  
 3081 Red Deer Trail
 $420,000
 Lafayette, Colorado
 
    
 
 225 Indian Peaks
 $519,000
 Nederland, Colorado
 
 
 
 899 Pearl St #4
 $305,000
 Denver, Colorado
 
  

  
 
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1938 Pearl Street, #200    Boulder, CO     80302 
 303.440.8200
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