Welcome

Thanks for visiting our website.  We are truly working on making this site an informative place where you can learn all that you will want to know about Life in East County.  Or better said life in Erie, Lafayette, Louisville and Superior, Colorado – The Coal Creek Watershed. 

So what does that mean?  Well as we have learned real estate is a fairly comprehensive concept.  The basic idea of real estate is land, houses and buildings; however, the broader aspect is location, community and demographics.  When one makes a real estate purchase they are buying much more than a place to eat and sleep or have a business.  They are joining a community and making a contentious choice of where they want to live, work and play.

Based on this - our intention is to create sight that will offer you information about your home, your neighborhood and your community.  We will provide neighborhood statistical information, neighborhood characteristics and neighborhood geographic significance. We will write about great up coming community events and activities.  We'll have a section on interesting community members and what they are doing to make our communities special. 

We also will try to make it interesting with guest articles, links to other community resources, YouTube video and interesting polls so you can see how others in your community think.

So thanks for stopping in and please come back again soon.  Each time you visit I am sure you will find something interesting to read or view.  And if you don't let us know - we certainly will do our best to keep this site fresh.

Regards -

Ted@CoalCreekBrokers.com

Dear Mr. and Mrs. Fence Rider:

As quarterly numbers can mislead and be misinterpreted – we thought a “state of the union” in a real estate sense would be insightful.   It’s our hope that you the reader see and hear what we in the industry have been experiencing for the past few months.

                “ So how’s the market?”  The question that all realtors are asked and many are quick to respond because we have to  - because we know, right?  Well as simple a question as it seems – it’s really not.  In real estate there is always a market. There’s the buyer’s market and the seller’s market.  There’s the higher dollar market and the starter home market.  There’s the new builder market and flipper’s market.  Certainly, you get my point.  So when I am asked “how’s the market” – I smile and say “it’s great but if you’re interested to know, as it pertains to your home’s value, I would welcome the opportunity to meet with you to discuss.” 

                In the past few months – on a national level and in many of our local areas, we’ve seen prices continue to fall as they have over the past few years, but the important part here is the price drop is slowing. The cause of this slowing  is sellers holding tight and refusing to list. This has led to a consistent and steady decline in inventory.  On the buyer side, prices are starting to become attractive, particularly with starter homes and mid-range market.  National Realtor Associations chief economist, Lawrence Yun, stated, “we have a broad shortages of lower priced homes across the nation, and in the Western States for homes through the mid-ranges.”  On a national level after Q1 we had 22% less houses for sale than last year and in the Denver Metro area,  that number is double, 40% less. So what’s this mean, Yun emphatically says, “This is very good news for many sellers who wish to list now, or for those waiting for prices to improve.” 

The most promising statement of market improvement came this month from PIMCO managing director, Mark Kiesel.  In 2006 – Keisel became famous after stating that poor lending practices was causing property inflation and he actually sold all his real estate holding.  He was one of the few that predicated the market collapse.  Early this month, Keisel released this statement, “The future is hard to predict, but U.S. housing is healing and is probably close to the bottom.“  He concluded that he’s about to close on a new home himself.

What we’re hearing on the national level is resonating in East County.  Our housing inventory is stark and days on market are dwindling.  In many price ranges and neighborhoods, we are seeing multiple offers with the only hindrance to close is lender approval. 

                So how’s the market?  It’s great, so give me a call I welcome the chance to tell you more.

Old Town Louisville (May, 2012)

If you have been living here in the past 5 years – you’ve seen Old Town Louisville come alive.  It has always been quant and charming but in the past few years it has taken fire.  Commercially and residentially, Old Town Louisville has become the spot for East County and really the county as a whole.  Commercially – it’s as hot as Pearl Street, and residentially, other than core Boulder, it has seen the greatest amount of remodeling in Boulder County. 

Centrally located with easy access to the 36 corridor, Boulder and beyond,  Old Town provides the best of small town living with easy city access.  Walking distance to great restaurants, shops and cafes and short drive to all other commercial needs – living is easy in Old Town.  Combined with it’s progressive business association – Old Town hosts endless weekend events like concerts, art fairs and farmers markets.  If you want it all….Old Town Louisville is worth a look.

Old Town Louisville  Market

In general, properties in Old Towns vary greatly in physical age, style and size, therefore, detailed analysis is critical to really understand these types of markets.  In Old Town Louisville there are several types of properties.  Smaller homes that are dated and need work,  smaller homes that have been modernized, and larger new or total remodeled with additions.

Robust is an understatement when talking the Old Town Louisville market.  Currently, Days to Offer in Old Town Louisville can literally be counted on one hand.  Days on Market is around 50 with the only limitation to this number being the lenders ability to close.  This is a hot market.   As for pricing, average price per square foot is right around $250, with the smaller and dated properties being closer to $300.  This inversion is due to the limitation of vacant lots in Old Town.  The smaller, older homes are being sold for their lots at roughly $250 -$300k.   Prricing varies based on proximity to main street and rail road tracks on East side of town. 

While it’s certain Old Town Louisville has seen great change in the past years, it’s all but certain it will see even more change in the coming years and pricing certainly will continue to rise along with its charm.