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Lafayette Real Estate Blog


What Will Tomorrow Bring?

Kevin Chard - Thursday, November 17, 2016

Well, the election is finally behind us and we're looking at closing out 2016 soon and moving into 2017. What does that mean to me if I currently own real estate or would like to buy real estate in the near future or anytime next year in 2017? How long can this strong Seller's Market last if I'm an owner thinking about selling? How long will Interest Rates remain at the historical lows we've enjoyed for years now, making it less expensive to buy and own property now before the inevitable rise in our rates? 

Hottest Home Market in the Nation

Kevin Chard - Thursday, April 21, 2016

After recently being named the "Hottest Home Market in the Nation" by REALTOR.com, what does the state of the real estate market suggest as we push forward through the second half of the year here in the Denver/Boulder area? While having a full six months of data on the books is great for 2015, we are only halfway through and forecasting what is to come can be about as unpredictable as forecasting the Colorado weather. One thing that can be said is that the outlook certainly continues to look promising, especially with interest rates managing to remain low through the summer months. 

What is my property worth, what can I expect to make selling?

Kevin Chard - Thursday, April 14, 2016

It's been a very busy year for our regional real estate, and by all measures 2016 should be another good year for appreciation and demand for single family homes, condominiums, and townhomes. Our real estate activity continues to grow at an accelerated pace, where Kevin Chard's real estate volume activity increased 200% in 2014 over 2013, and this year experienced 100% growth in 2015 over 2014. Demand is certainly still very high for properties in the $200-$400K price band, particularly so in the lower price range. We're seeing renewed interest with buyer's, many who were previously squeezed out of competing in multi-offer scenarios earlier in the year that drove up purchase prices now coming back to look. Our market is a little less heated now due to our normal market seasonality fluctuations, coupled with a slow increase in available inventory and extremely aggressive mortgage interest rates which makes for an attractive environment to purchase.

From a sales price point perspective, in 2014 Kevin's sales price on homes he listed averaged at selling at 100% of list price; in 2015 he averaged selling homes at 5% over list price with 2 homes selling at 13% and 15% over list. Clearly there is plenty of demand for property that is priced correctly, is attractive and shows well to buyers. Many of the properties that Kevin sold were multi-offer scenarios, which drove up the sales price for his owners. 

How Will 2016 Treat Your Colorado Real Estate?

Kevin Chard - Thursday, April 07, 2016

We're continuing our positive trends in Real Estate going into 2016, and by all accounts we're looking to have a repeat of 2015's activity, trends, and expectations. Where's the inventory? Still being built, but not at the speed to catch up to and keep pace with our demand.

Our local economy remains robust, even with weakness starting to show in our mineral sector (gas and oil exploitation specifically) due to the low price of oil per barrel. Our Unemployment Rate of 3.9% is almost 1.5% lower than the National Unemployment Rate of 5.3% per a recent article in The Denver Post: Colorado Unemployment Rate Among 10 Lowest in Country.  

2 Story corner lot in Erie’s Vista Ridge

Kevin Chard - Thursday, December 03, 2015

2075 Juniper Way, Erie 

Current State of the Market and 2014 in Review

Web Admin - Monday, March 09, 2015

The Boulder Area Realtor Association has collected the figures for 2014, and there aren't any surprises as to how the year ended for us. As I've noted in the last several newsletters, it's certainly been a great year to be a seller, and a frustrating one to be a buyer. There just has not been any inventory to buy, which has resulted in our continual strong sellers’ market in Denver, Boulder, and The Front Range. Interested in a graphical representation of our real estate trends since 1997 and projections for 2015? Read More

Common Mistakes that First-Time Home-buyers Make

Web Admin - Monday, February 02, 2015
An article published on the BayAreaForSale website, written by Kevin Chard, Owner and Realtor of Phoenix Realty and Property Management, Inc. 

How To Prepare Your House For Sale

Web Admin - Wednesday, November 12, 2014
Prepping and staging a house. Every seller wants her home to sell fast and bring top dollar. Does that sound good to you? Well, it's not luck that makes that happen. It's careful planning and knowing how to professionally spruce up your home that will send home buyers scurrying for their checkbooks. Here is how to prep a house and turn it into an irresistible and marketable home.

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