Weekend Getaway to Crested Butte, Colorado

We went to Crested Butte for Labor Day weekend.  It’s a beautiful place to visit in the summer.  We did some great hikes, ate some good food and our kids got to swim in the hotel swimming pool.  Ha!  We stayed at the Grand Lodge and it was nice.

One negative it is a long-trip for a 3/4 day weekend.  Door-to-door it’s a 5 hour drive–mainly because of traffic and most of the trip is on single lane highways.

Hiking around Lake Irwin

Hiking around Lake Irwin

 

Lake Irwin

Lake Irwin

 

Our Weekend Group

Our Weekend Group

 

Lower Loop Trail by Peanut Lake. My youngest daughter throwing rocks.

Lower Loop Trail by Peanut Lake. My youngest daughter throwing rocks.

 

Crested Butte Mountain

Crested Butte Mountain

 

If you’re moving to the Boulder/Louisville/Lafayette/Superior/Niwot/Erie area and you need a Realtor who specializes in helping Relocation Buyers I can help you.

Mario Jannatpour                                                 Mario Jannatpour

 

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The Louisville, Colorado Real Estate Market Has Reached its Peak!

This is my opinion—-

I’ve noticed this year a number of homes in Louisville have gone on the market well over $1M but not many of them are selling at that price.  A lot of Sellers have been pushing the envelope listing their home in the $1.2M to $1.5M range in Louisville, Colorado.  Since January 1st of this year only one resale home in Louisville has sold for over $1M and it was just barely at $1,013,824. (The newly built houses on Hutchinson Street were all listed below $1M but some of them did sell over $1M once all updates and finishes were chosen.)

I am predicting a slow down in the Louisville Colorado real estate market next year.  A few factors–election year with candidates that make everyone nervous–builders are building like crazy so supply is going to catch up with demand–and we’re going to start seeing a lot of people moving out of Louisville and buying new construction in Lafayette/Erie areas so this will increase the resale supply in Louisville.

Louisville has reached its peak.  It’s still going to remain a good investment but no one is going to pay over $1M for older homes which are not updated.  Better options in Boulder/Niwot/Erie at those prices.  Two years ago I helped a Buyer buy a newly built home in Old Town Louisville for $1.1M.  I don’t see many homes like that on the market this year in Louisville.

If you have any thoughts feel free to contact me to share your opinion.

Mario Jannatpour

Mario Jannatpour

 

alliancenum1noweb

 

 

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Awesome South Boulder Hiking Trail

From Table Mesa Drive take up past Broadway.  Turn right on Stanford Drive (in front of King Soopers)  Stay on Stanford, veer to right past apartments.  Stay on Stanford and go all the way to the top, it will turn into Kohler Drive.  Turn right when road ends and park at Trailhead on Deer Valley Road.

I recommend you hike in the morning because generally the skies will be clearer because it usually gets cloudy in the afternoon.

Hike to the left and get on the maintenance road and then keep going west.  You’ll be on Skunk Canyon Trail and you hike straight towards the mountains.  Amazing views of all the Flatirons.  Skunk Canyon Trail goes all the way to Mesa Trail on top and you’ll be very close to the Flatirons.

It’s a beautiful hike and also great exercise since you’re going straight up.  Your heart will start pounding for sure and if it’s hot you will sweat.  Going up and down takes about 60-75 minutes.

Then afterwards you can have a nice lunch in South Boulder.

See some of the pics–you can click on each pic to get a better resolution:

Skunk Canyon Trail

Skunk Canyon Trail

Skunk Canyon Trail Loop Back

Skunk Canyon Trail Loop Back

Beginning of Skunk Canyon Trail

Beginning of Skunk Canyon Trail

View of Bear Mountain

View of Bear Mountain

Great Blue Sky Day for a Hike

Great Blue Sky Day for a Hike

Made it Top, on Mesa Trail

Made it Top, on Mesa Trail

 

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Q2 2016 Home Values in Broomfield, Colorado

Quarter 2 Statistics this year, 2016, the average price of a home in the City of Broomfield, Colorado was $508,039 based on the sale of 117 residential homes sold.

For the year, 2015, the average sales price of a home in the City of Broomfield was $411,000.

In 2014, the average sales price of a home in the City of Broomfield was $355,000.

Source information–IRES MLS.

Homes in the City of Broomfield have gone up quite a bit the past two years just like many other cities in the Denver Metro area.

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Q2 2016 Home Values in Lafayette, Colorado

Quarter 2 Statistics this year, 2016, the average price of a home in the City of Lafayette, Colorado was $575,086 based on the sale of 29 residential homes sold.

For the year, 2015, the average sales price of a home in the City of Lafayette was $435,000.

In 2014, the average sales price of a home in the City of Lafayette was $406,688.

Source information–IRES MLS.

The past two years home values in the City of Lafayette have gone up considerably.

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Q2 2016 Home Values in Louisville, Colorado

Quarter 2 Statistics this year, 2016, the average price of a home in the City of Louisville, Colorado was $666,399 based on the sale of 58 residential homes sold.

For the year, 2015, the average sales price of a home in the City of Louisville was $520,000.

In 2014, the average sales price of a home in the City of Louisville was $511,000.

Source information–IRES MLS.

As you can see the home values in the City of Louisville have spiked up considerably this year, 2016.

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Average Price of Home in City of Boulder Over $1,000,000

Quarter 2 Statistics this year, 2016, the average price of a home in the City of Boulder was $1,119,031 based on the sale of 222 residential homes sold.

For the year, 2015, the average sales price of a home in the City of Boulder was $969,7666.

In 2014, the average sales price of a home in the City of Boulder was $823,421.

Source information–IRES MLS.

As you can see the home values in the City of Boulder keep going up and up, year after year.

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Hire Mario Jannatpour to be Your Realtor

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Colorado is Pretty Close to Hawaii

We went to the Big Island over Spring Break recently. It was a great family vacation. From Colorado, Hawaii is about 6-7 hours of flight time. You can fly through Phoenix, San Fran or LA.

Here’s a video I took from our condo:

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Why I Moved to Boulder, Colorado

I remember growing up we visited Boulder a few times during the summer. My family did not have much money growing up so we did the long road trip from Northern Virginia all the way to Boulder, Colorado. Wow, those were long trips. We were squeezed in pretty tight for our first trip but the second trip we had a nice station wagon.

My family fell in love with Boulder the second time we visited. I was fifteen years old. I just remember how beautiful the mountains looked, the bright blue sky, the fresh air and the lack of humidity. The night times were the best because it really cooled off.

We took a day trip up to Lake Brainard and it was the best day of our trip. The Indian Peaks Mountains were spectacular. Even today one of my favorite spots to visit is Lake Brainard and just above Brainard is a great hike up to Lake Isabelle, a pristine mountain lake above 12,000 feet.

After our family went back to Virginia from our vacation one thing led to another and within a few months we decided to move here to Boulder, Colorado. I have lived in this area all my life since. If you are considering a move here then I envy you because the first few years living here are the best because everything is new and fresh.

Bear Mountain in South Boulder
South Boulder–this is where we lived.

 

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Home Buying Tips for the Hot Market in Colorado

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Here are a few valuable tips to help you as a Buyer in the hot (Sellers) market in my area of Colorado—Boulder, Louisville, Superior, Erie, Lafayette, Broomfield, Longmont, and Westminster.

How can you set your Offer apart from the competition?  You will be competing with 5 to 10 other Buyers most times when you find a house you like.

Tips:

1. You have to be pre-approved with a local lender.   Now, I can’t stress this point enough.  Unfortunately any Offers pre-approved with an out-of-state lender or a national lender most times will not even be considered.  There are many problems and issues which come up when working with a lender that is not local to our area.

2. Schedule your home inspection as soon as you can after the contract date. Set the Inspection Objection and Resolution Deadline right after the inspection. Get it done right away.

3. Increase the amount of your Earnest Money towards the purchase.

4. Write a personal (genuine) letter to the Seller–why you love the house and how it’s a great fit for you.

5. Don’t do escalation clauses–your Realtor should be able to find out what is the right price you need to Offer to win the deal.

6. If you offer more than list price then be prepared to bring extra cash to the Closing if the Appraisal comes in lower than the contract price.

7. Be flexible on closing date per Sellers needs.

One item I never feel comfortable with is waiving your right as a Buyer for the Inspection clause. I advise all of my Buyers Clients to always have an inspection on the property they are buying.

I also would not advise designating the Earnest Money as non-refundable. My Buyers should always have the right to get their earnest money back per the Contract.

If you don’t have a Realtor helping you in your home search then fill out the contact form below and we can schedule a time to meet or talk on the phone.

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