Market Updates & Listing Outreach from CLR Agent Phil Booth

We are in a VERY UNIQUE WINDOW right now, which reinforces that there may not be a better time to sell than the second quarter of 2021!

We are currently in an extremely strong sellers market.  There is very little housing inventory (low supply) and an abundance of buyers (high demand).   This situation is a direct reflection of concerns around COVID and super low mortgage interest rates.  These factors are colliding to create a ‘perfect storm’ for sellers.

To explain concisely, there are two forces at play:

1. SUPPLY (SELLERS) – There are many would be sellers who have chosen to hold tight over the past year and not sell because of COVID.  They simply do not want to open their homes up to buyers!  As such, we have had and continue to have historically low inventory.

2. DEMAND (BUYERS) – There is super high buyer demand based on COVID… there is a dramatic influx of people moving from denser population centers to the area, there are many people who, having spent more time than ever at home over the past 12 months, have realized that their current home does not meet their needs  Couple these factors with the fact that money is ‘cheap’ at present… people looking to capitalize on historically low interest rates.

THE RESULT.  When properties come onto the market that are well prepared, well presented, and well priced, we are seeing extremely high showing demand and multiple offers, at well above asking price.   This phenomenon is causing rapid appreciation.  In the last 12 months in Boulder County we have seen appreciation of up to 20% for single family homes and 10% for attached dwellings.  And, this pattern is continuing stronger than ever here in 2021, with 2% appreciation per month in certain areas and price points!

However, this supply and demand imbalance is likely to balance out in the second half of 2021. WHY?

1. SUPPLY – As we see higher vaccination rates (hopefully by mid summer) home owners will feel less wary about COVID and will feel more comfortable about selling, and will be HIGHLY motivated to realize the rapid appreciation they have seen in their homes.

2. DEMAND – We are likely to see interest rates creep up, which will cause buyer demand to wane somewhat.

It is still promise to remain a Sellers’ market, but not to the degree of imbalance we are seeing at present.

Hence, the second quarter of 2021 is a fantastic opportunity to sell and realize the benefits of  THE PERFECT STORM!

Phil Booth

REALTOR®

303-817-8307

Phil@ColoradoLandmark.com

 

Landmark Moment: SRQ Magazine Features CLR Agent Anja Deichmann

At Colorado Landmark, Realtors, we recognize that each home, buyer, and seller has a unique story, as do our agents that represent them. CLR agent Anja Deichmann is no exception: she is a top agent that splits her time between Sarasota, Florida and Boulder, offering her clients a diverse and dynamic perspective when it comes to finding the perfect place to call “home.”

Click  here  to read SRQ’s entire feature on Anja in the magazine’s latest digital publication, which can be found on page 3.


 

Spring 2021 Buyer, Seller + Millennial Guides Are Now Online

Great news! Spring 2021 Buyer & Seller Guides are now available! Both Guides speak of present, crucial information about today’s housing market in an easy-to-understand way.


Seller Guide

Selling your house when the fewest number of homes are available to buy is what puts you in the driver’s seat. With today’s high buyer traffic and low inventory of houses for sale, this power combination makes now the optimal time to sell, if you’re ready. Whether you want to move-up or downsize, here’s the breakdown on supply and demand and why this imbalance in the current housing market positions this season as the optimal time to make your next move.

 

Buyer Guide 

The housing market recovery has been nothing short of remarkable. Many experts agree the turnaround from the nation’s economic pause last year is playing out extremely well for real estate, so it’s an ideal time to buy a home for those who are ready to make a purchase. Here’s a dive into some of the biggest wins for homebuyers this spring.

 

Millennials Guide

If you are one of the millions of millennials who has seen their peers begin to buy homes recently and are wondering what it would take for you to do the same… you’ve found the right eGuide!

There are many stereotypes and myths about the millennial generation as a whole, AND about what it takes to buy a home in today’s market. These myths have prevented many millennials from even considering homeownership as an option for them and their families.

The goal of this eGuide is to provide you with the information you will need to make the best decision for you and your family in regards to homeownership. We will break down the myths and stereotypes that have long been believed to be true, as well as shed light on the opportunity you have to build wealth using your monthly housing cost.


 

The Spring 2021 Luxury Portfolio Magazine is Now Available

NEW LUXURY PORTFOLIO MAGAZINE: NATURE AND HOME DESIGN

Just released, LPI’s Spring edition of Luxury Portfolio magazine explores biophilia, or the desire to be near nature, and how it relates to home design. The issue also notably features second home market trends, sustainable luxury brands, celebrity homes, and more.


NATURE AND HOME: BIOPHILIA IN DESIGN

Biophilia has been steadily trending in home design for years, and it’s only been exasperated with greater time at home and the need for a tranquil and healing space. In our exclusive four-page spread “Nature and Home: Biophilia in Design,” we explore the definition and its incorporations by exceptional designers and architects. The piece offers everything from eco-friendly design tips to a Disappearing Pool (yes!).

The nature theme is found throughout the issue, also showcasing outdoor furnishings, our favorite houseplants, and tips for exterior living.

 

A LOOK AT ETHICAL LUXURY

In our latest edition of recurring article “Jet Set,” we looked at four ethical luxury brands from around the world, including recognizable names Stella McCartney and Bobbi Brown, as well as beautifully crafted sustainable jewelry and clothes made from seaweed.

Additionally, LPI conducted a Q&A with the Chief Sustainability Officer of Tiffany & Co., Anisa Kamadoli Costa, to gain insight into how Tiffany has been influential in promoting ethical practices among luxury brands.

 

BREAKING TRADITION: THE SECOND HOME MARKET

Second home markets have shattered expectations in 2020. To gain insight into various markets, we interviewed experts from Brown Harris Stevens – The Hamptons; Chase International; John R. Wood Properties; Turks and Caicos Property; VALLAT; and The Whistler Real Estate Co. Ltd. The article explores how the markets are performing and the most popular amenities within the respective regions.

 

NOTABLE OWNERS

Every issue, we make a point to showcase celebrity homes. The most recent lineup includes athlete Derek Jeter and popular musical artists, like John Lennon, Katy Perry, and Sonny Bono.

 

BONUS: EXTENDED INTERVIEWS

In the coming weeks, be sure to keep up with our blog. Every week for six weeks, LPI will share extended interviews from the issue. Including designer insight on biophilia, a look at various second home markets, and an extended interview with Tiffany & Co.

 

Read the  digital edition, request your  print copy, or view our  press release for additional details.

 


 

Landmark Moment: CLR Wins Two Prestigious LeadingRE Awards

A big shout out and congratulations are in order for all of our amazing Colorado Landmark agents for making 2020 such a successful year in more ways than one!

Together, we are celebrating a monumental Landmark Moment: winning both the 2020 Million Dollar Club Award AND the 2020 Momentum Club Award through LeadingRE. It is an honor to be a LeadingRE-affiliated company, and highlighted as leaders within this incredible, unmatched network of independent brokerages.


CLR earned The Million Dollar Club Award, which is presented to the affiliate with the most outgoing closed referrals with an actual sales price of $1,000,000 or greater.


We are grateful to be recognized with the Momentum Club Award for achieving notable improvements in our broker-to-broker referral production in 2020.


 

Landmark Moment: atHome Colorado – Luxury Edition features CLR Agent Mia Ness

from atHome Colorado – Luxury Edition February 2021

Mia Ness, Colorado Landmark, Realtors

atHome Colorado – Luxury Edition recently featured Colorado Landmark, Realtors agent Mia Ness in a fun and informative Q & A feature. Check out the full publication and download here!


Known for discretion and privacy, Mia Ness will use her broad network and expertise to find you the perfect luxury home.

Give us a brief background on you. How long have you lived in Colorado? How did you get into real estate?

Having moved a family twice myself, I understand that the packing and unpacking can be the most stressful part of a home move. My passion to get into real estate came from my career background in the luxury hotel industry. I realized I am so client focused and hands-on with attention to detail that I would offer a more personalized, boutique, luxury, white-glove service than what we experienced when we moved.

 

What is your favorite part of your job?

My favorite part of being a Real Estate Advisor is walking into a home with a buyer and seeing their face and reaction that “This is the one.” The greatest compliment and most rewarding part of my career is repeat clients and my clients’ network referrals. I am so thankful and grateful that they put their trust in me and lean on my market knowledge and strategies to achieve their real estate goals.

 

What is your favorite luxury activity in our region? 

One of my favorite places to visit and where we visited over the holidays was the Westin Avon in Beaver Creek, Colorado. What better place to enjoy the sunshine after a day of skiing than by their salt water pool and salt water spas? It was great to relax by their cozy fireplace, meeting others that traveled here from around the world while enjoying conversations over spirits and charcuterie while listening to live music.

 

 


Landmark Moment: Top Agent Magazine Features CLR Agent Deborah Read Fowler

Colorado Landmark, Realtors agent Deborah Read Fowler was recently featured in Top Agent Magazine.   


Based in the historic town of Niwot, Top Agent Deborah Read Fowler of DRF Real Estate, specializes in the Luxury Market in Boulder County, Colorado

Deborah Read Fowler became involved in real estate at a young age, buying and selling investment properties in London. She earned a degree in Business and Marketing, and for many years she enjoyed a successful career working for a large supply-chain company, managing multiple regions, business development, and operations. When Deborah moved to Colorado with her family, she decided to change things up and follow her first passion. “I decided it was the right time to make a change and dive into real estate, which I have always loved,” Deborah says. “I haven’t looked back. It’s been a wonderful experience.”

She set up DRF Real Estate LLC and operates under employing broker Colorado Landmark, Realtors – the leading in the Luxury Market in Boulder County, Deborah and her team are based in the charming historic town of Niwot, Colorado, Deborah has grown her business and her reputation, and has become one of the top agents in the region. With seven years of experience and an unflagging passion for what she does, Deborah averages forty transactions per year, averaging at 1.1 million dollars. Committed to constant improvement, Deborah has earned the prestigious CRS certification, which puts her in the top 2% of realtors nationwide. She also has her GRI, GREEN, LHMS (Luxury Home Marketing) and HSE (Home Staging Expert designations) But it is not accolades that drive Deborah to new heights; for her, it is her clients who fuel her passion and her love for what she does.

“People refer me because of my proven record. I have a passion for doing the right thing, and getting the job done. I love this job, and I think clients can feel that energy.”

Read the entire article here!

Service Line Coverage from State Farm

 

 

 

 

Do you know that municipalities and utility companies are typically not responsible for the water, sewer, electric, gas and other service lines on your premises? Any repairs are most likely at your expense.

State Farm® Service Line Coverage may be added to your Homeowners Policy for a low annual cost with a $500 deductible and a $10,000 limit per occurrence to provide coverage for loss or damage to service lines. In some states, coverage includes a limitation of $2,500 on service lines 50 years old or older at the time of loss. Ask your agent about what’s covered in your state.

 

What does this coverage include?

This is not warranty coverage. Under the Service Line Coverage, a covered service line refers to “exterior underground piping and wiring,” including permanent connections, valves or attached devices providing the following services to your home:

1. Communications
2. Compressed air
3. Drainage
4. Electrical power
5. Heating, including geothermal, natural gas, propane and steam
6. Waste disposal
7. Water

A service line failure is defined as a leak, break, tear, rupture, collapse, or electrical arcing of a covered service line not otherwise excluded. A service line failure may be caused by, but is not limited to, the following:

  • Wear and tear, marring, deterioration or hidden decay
  • Rust or other corrosion
  • Mechanical breakdown, latent defect inherent vice
  • Weight of vehicles, equipment, animals or people
  • Vermin, insects, rodents or other animals
  • Artificially generated electrical current
  • Freezing or frost heave
  • External force from a shovel, backhoe or other forms of excavation
  • Tree or other root invasions

Blockage or low pressure of a covered service line when there is no physical damage is not a covered service line failure.

 

Here’s a coverage example:

Say, for instance, your sewer line cracks as a result of tree root invasion and the covered repair costs total $10,000. With Service Line Coverage, your responsibility for the loss is your $500 deductible. Payment for the loss would be the remaining $9,500. Payment for the loss would be $2,500 if your state has a sublimit and the damaged sewer line was 50 years old or older.

 

Covered service lines also include:

• Excavation costs – We may pay the necessary and reasonable excavation costs that are required to repair or replace your covered service line.
• Expediting costs – We may pay reasonable extra costs to make temporary repairs and expedite permanent repairs or permanent replacement.
• Loss of use – We may cover additional living expenses and fair rental value due to a covered loss.
• Outdoor property – We may pay for your outdoor property, such as trees, shrubs, plants, lawns, walkways or driveways that are damaged as a result of a service line failure or are damaged during the excavation of the covered service line.

 

Choosing the right supplemental coverage is important. Your State Farm agent is here to help guide your decision.

 

Call us 24 hours a day!

Jeannie Hulse Ins Fncl Svc Inc
Jeannie Hulse, Agent

303-828-4002

525 Briggs Street, PO Box 1005
Erie, CO 80516-1005

 

Landmark Moment: BusinessDen’s January Top Home Sales Features CLR Agent Marybeth Emerson

Colorado Landmark, Realtors agent Marybeth Emerson’s sale of the historical 809 Pine Street in Boulder was included in BusinessDen’s feature of January’s Top Home Sales.  

 

January Top Home Sales: 3 Cherry Hills Village Mansions Sell for Over $7M

by LilyO’Neill  

809 Pine Street, Boulder

Built in 1877, this Boulder home sold for $4.95 million.

Listed by  Marybeth Emerson with Colorado Landmark – Boulder

Built around 144 years ago, this historic Queen Anne Victorian home “exudes charm,” according to the listing. It sits on more than half an acre, the second largest lot in Mapleton Hill.

Inside, the 4,825-square-foot layout includes six bedrooms, four bathrooms, a formal living room, family room, parlor, kitchen, dining room and two wood-burning fireplaces.

There’s also a carriage house with a private office on the property.


If you are a subscriber to BusinessDen’s exclusive reporting, view the entire article here.

 

DRF Team Becomes 1st in Boulder County to Receive B-Corp Certification!

Check out this exciting news from The DRF Team!


Woohoo, my team and I are pumped to kick off 2021 with some exciting news… We are now a certified B-Corporation! This certification verifies that our business is being used as a force for good.

The certification is (very) tough to get! We are the only realtor in Boulder Country to have been awarded this, and as far as we can tell, just the 2nd realtor in the whole of Colorado.

It means the world to us because we believe just making a profit doesn’t cut it anymore. It is time for businesses to show leadership, and to prove they care about people and our planet while they do business. We strive to “B the Change” we want to see in our world. While we have always felt this way, our B-Corp certification gives you the confidence that we meet the highest standards of social and environmental impact.

Here are some of the high standards we have met to become a B-Corp:

Our Governance: We meet high standards of ethics, transparency, and have even amended our founding documents to reflect our commitment to caring for people and our planet, in addition to making a profit.

Our Clients: We have worked hard to make sure our clients are delighted with every aspect of our service

Our Community: We actively support our community. Our suppliers are 100% local and we give preference to minorities. We joyously pledge at least 1% of our profits back into our community.


Our Workers: We strive to look after workers like family, compensate them well, and work towards diversity, equity, and inclusion.


Our Planet: We are now a carbon-neutral company that has done real work to reduce, reuse, and recycle. We actively seek to minimize our footprint wherever possible.

See more details here: https://bcorporation.net/


Getting B-Corp certified feels great! We challenge other Niwot businesses to consider becoming B-Corps too, feel free to ask us more about this. B the Change!

B Corp U.S. & Canada


#drfteam #drfrealestate #debfowlerrealtor #deborahreadfowler 
#coloradolandmark

#realesatateinniwot #niwothomes #bcorp #bcorpcertified #bcorpcertification

#bthechange #certifiedbcorporation #ecobusiness #forceofgood

#ethicalbusiness #ethicalpractices #certifiedbcorp 

— at Deborah Read Fowler Real Estate
.