Wide Open Spaces – Colorado Ranch Property and Acreage

Colorado is considered one of the top destinations in the United States real estate market for ranch property and acreage and still has a great supply of these wide open spaces.  There are a couple of strong drivers in the marketplace right now – investor’s and second home and luxury real estate purchases.  This trend will continue in the market until it is completely depleted of inventory, according to many real estate news sources.  So where is there still ‘real estate gold’ left?  Land – wide open space still for sale, and by all accounts, plenty of it in many parts of Colorado.  Land is an excellent investment and compared to other types of investments, seems to be the preferred investment of choice for many for a couple of reasons.  The 2013 is still seeing lower than average market prices for acreages.

Top considerations for purchases of acreages are pointing towards location when evaluating homesites in master planned communities.  Next in preferences were views from the homesite – (waterfront, mountain, golf & wooded), amenities, price and actual size of home site.

The Value and Benefits of Acreage Compared to Other or Traditional Investments

Acreage is considered a safe, stable long term investment nationwide, according to and informal survey by landthink.com.  This is really no surprise, as the economy is not considered either stable or certain and both are premier considerations in evaluating paper investments such as stocks.  One of the biggest advantages to purchasing land is not just the investment, but the recreational enjoyment of the land during ownership.  Those in the city or suburbs in communities with average size lots enjoy the opportunity to escape the city heat and congestion by taking family time weekends to the high county in more secluded, scenic mountain lands.

Enjoy Your Acreage Now As You Grow Your Investment

Acreages offer unspoiled opportunities to get close to nature, enjoy the views and the wildlife that aren’t readily available in the city.  There aren’t too many camping experiences that can top taking a drive to your own land and pitching up a tent for the family and enjoying that type of fellowship over the weekend.

There are a great number of incentives for acreage purchase – desire to own forested land, to hunt and fish, to ride ATV’s – Colorado acreage offers it all!  Searches across the state show an excellent selection of properties that may be used for various purposes, can be built upon in many cases, nearby to utility services, and in all types of shapes, sizes and locations.

Let your qualified buyers agent identify what you find most attractive in a piece of land and consider buying while land prices are still at all time lows in many areas.

Quarterly Market Report – Boulder County

Summary

Boulder County is seeing an overall increase in home sales over the same quarter of 2012, as is the case with many active real estate markets that have been evidencing significant increased activity.

The Numbers

Specifically, sales were up 13% from last March, according to Neil Kearney of Kearney Realty Company.  Kearney also reports that single family home sales were up a whopping 45% from February.

Such activity in a market presents challenges – the biggest of which is inventory, a critical key in sustaining growth in the region.  Inventory is actually down 3% compared to last year so there is a concerning shortage of good listings.  Properties under contract are at an all time high, reports Kearney.

Inventory Challenges

This type of activity is a key indicator that Boulder’s real estate market is recovering at a robust pace, however, if the number of new listings in the market does not substantially increase in this current quarter, it will be difficult to maintain this level of growth.

The predominant price tier that has seen the most substantial sales are the lower to moderate price ranges in most markets in Colorado.  The median home prices in Boulder County exceed those price parameters making the market a more specialized market than other counties in Colorado.

Boulder County enjoyed an increase in home sales throughout 2012 while other markets across the country were just beginning to see evidence of a recovery trends.  In fact, Boulder and Broomfield counties closed out the year 2012 with a 24 percent increase in single-family home sales, according to Boulder Area Realtor Association data.

Looking Forward

All leading indicators point to a nearly complete market recovery for Boulder county, with the number one future concern being inventory of existing homes.  The past four years saw a 65,000 unit deficit statewide.  Unless those numbers decline, it will be difficult to sustain an increase in new household formation.  The tightening availability and increased pricing in the rental market has definitely been a key incentive for renters to enter the residential market.  Overall, consumer confidence has increased and if inventory stabilizes and mortgage rates stay within about 1% of where there are today, Boulder County will remain a market leader in Colorado.

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