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eefier'ede
Cynthia Arey
4845 PearlE Circle, Suite 101
Boulder, Colorado 80301
Direct: 303-581-0606
E-Mail: [email protected]
Web Site: www.Colorado Real
Estateladv.csm
January 18,2016
HiFolksll
Here is my Year End 2015 Report for Front Range Real Estate. I have consolidated promising economic
development locally, statewide, and nationwide-which muld positively impact your realestate holdings and your
perspective in Living N Colorado-now and in the future.
At the end of this report, I have attached my custom chart for realestate sales comparing 2014 sales to 2015
sales. lf you have seen any of my last ten years of reports, you will see how progressive real estate continues to be
in the Front Range. There are no yearend charts (in the last ten years) that equal the stats for 2015. For example,
the single family home ayerage, for median price, has increased +12o/o and forcondos, the average median price
increase was +19Y0. Further, the average sales price for a single family home in Boulder is just under $1M. The
highest single family home median price increase was in Boulder with +16010 and in Longmont with +18%. Superior,
in condos sales, has the strongest median price increase with +39%.
The predictions say 2016 will be a banner year, too. With the increase of interest rates, more buyers will be
buying and more Sellerc may
refinancing to rejnvest-buying investment property or smaller/larger homes. Call ME!
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Boulder's 2#'t 5 Community l{*nors:
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The Seven Best Cities to Launch a Startup in 2016 {#tt} - Smal/ Eusfuess Trends, Nov. 15, 2015
The Best Citis for Outdoor Recreation Enthusiasts {#t) - Sforage, Nov. 3, 2015
The Top l0ltiefiro Arem for Fgmale Entrepreneurship (#1)
The
Ba* College Towns to Live ln (f3) - Smad'Assel
-
Fast
&mpany, Oct. 26 2015
Oct. 13, 2015
Great Places in America: Public Spaces {Pead Stred Malll - Ameican Ptanning Associatian (APA), October 2015
10 Best Cities for Hillennial Entrepreneurs lffil - Thumbtack, Sept. 29, 2015
The f00 Best Placesto Live (#5)- Livability,September20lS
Top 10 Places to Do Business {#3) - Busrhess Review U$4, August 2015
Top {0 Cities in the U.S. for Small Busines Friendliness (ffi1- Thumbtxk, August 2015
Heahhist City in Colorado - USA loday, August 2015
Bst Farmen
Madret in the U.S. - USATaday 10 Fr-g., August 2015
Placs
in the U.S. forPhysicians and Surgeons {#14} - OaodQalL June 25, 2015
The Best Housing ltrarke{s forGrowth and Stability (#1)- SmarfAssef , July 8, 2015
The Best
ffi
- Travel+ Leisure, June 30, 2015
The Best Places for EtlTs and Paramedics (f29) - GoadCalt, iune 25, 2015
The Gountry's Best July 4 Celebrations
The Most Fitness.Friendly Cities in America {#1} - ml?post Healt}ty Living, July 2, 2015
The 10 Bst Cities For Starting A Business In 2015 (f1) - Forbes, April 30, 2015
Top 50 College Towns in America (#l) - City Described, March 2015
LOCAL:
*en
zoned (roughly 126,000 sq ft) for office space, retail
stores, a restaurani space plus an abundant nurnber of apartments and townhomes (both market rate and affordable
housing). Construction lvill commence this year with completion in2017.
Boulder*Sutherlands Lumber Yard, on Valmont, has
tr1argrpsrybars4orrr€rsrd$ffian*€rrde*urpay,@dcesadfiis'sretu.
www,linkedin.COm/inlCynthiaafey www.pintefeSt.COm/fealtOfbOUldef
BoulderZayo Group (broadwidth infrastructure provider) closed its $182M acquisition of Viatel-a fullservice
telecommunications and managed services oprator, based in Dublin, lreland. This acquisition strengthens *reir
Europan business. Furfher, Zayo reached a $347.4M a purchase agreement with Allstream {a Canadian fikroptic
company) in November 2015. Zayo Group began {a stariup} in Boulder in 2007 and has become an almost $1.58
revenue broadwidth leader. Zayo Group reported a fourttr quarter revenue of $361.9M up 32a/a from 2014's 4tr quarter
revenue.
Boulder-Google has begun development of its new fsur-acre carnpus {total of 330,S00 sq fi in three-four
buildings) at 30th and Pearl. The first two buildings are slated to open January 2017. Cunently, &ogle has fourdifferent
buildings cunently and will consolidate &ese locations into one area {above}-so hordes of new Gmgle folks will not be
entering fe housing ma*et. They will be re-shifting the exisling employees & adding less than 1,000 employees.
Boulder-AstraZenena {a London-basd pharmareutical gia*t} buys BoulderAmgen facility ffor $14.6M} on
Airport Blvd bringing 400 iobs to the city.
Baulder-NetApp {based in Sunnyvale, CA) is buying SolidFire for $870M. SolidFire is a Boulder startup in 2010
makes
flash-memory data storage devices plus software development.
and
Boulder-Travel + Leisure announced its'2015 World's Best Awards'and St Julien Hotel & Spa ffirst time on the
list) has been recognized as one of the top 25 hotels in the USA.
Boulder-Pinnacle is to buy Boulder Brands for $975M. lt is probabty fre largest single moretary fod exchange
business in Bouldefs history.
Boulder-The Waddington Group, parent company of Boulder-based Eco Preducts, is being sold for $1.358 to
Fiorida-based consumer products company Jarden Corp. Eco Products makes disposable items such as cups, bowls
and eating uiensils that are made from recycled cardboard and plastics and plant-based materials.
Boulder County-Every odd year Boulder Coung re-assesses your historical property values. Last year many of
the 117,594 residents, commercial, and industry received a notice of increa*d tax assessments. 13,365 letters of
appeal were received by the Boulder Coung board and 7 ,523 at ftose were denied. Please note thai the degree of
appreciatir:n continues to be strong so your 2017 Boulder Coun$ re-assessment letter will be another significant
increase. Colorado does rank low in real estate taxes compared to other states-in fact, it is the 1lth louest real estate
tax in the USA.
Lafayetteoriental Herb Company {OHCO} relocates from Evergreen to Lafaptte. CoH-Snap {a great product
that I have used fcr years) is manufactured by OHCO.
Longmont-Circle Graphics, the *odd's lagest produer of grand-format digital graphics, announed their
acquisition o{ lmagic, a west coast similar company. Circle Graphics is expanding their sut+f-home advertising indusiry.
Erie-The Cig of Erie is supporting developrs'efforts in building three new retail centers-northwest comer of
Sheridan & Hvry 7 {King Swper new store via 20 acres of othercommercial develgpment}, Arapahoe & Hny 287 (plans
for 10,000 sq ft commercial space and 462 residences-it is really in Lafayetre but close to Eriei, and the southwest
comer of Erie Pkwy & County Line Road {4$acre Four Comers propsed mixed-use development including 14.5 acres
of retail). Erie is expcted to grow to 40,000 people by 203,4 {census estimation forJuly 2014 is 20,493 people}.
Broomfiel*Kimrnel Mechanical has moved its headquarters from Denver to Broomfield. Kimmel expects, in
2015, to
exced
its 2014 sales v*itich was $3SM.
Broomfield.Datavail raises $47M to triple treir size in tfre next fue years. Datavail manages databases for
businesses and cunently employs 550 people in 10 affices throughout the wortd.
Louisville-$48M mixed+se project is underuay in Louisville East of Hwy 42 and south of S Boulder Road. The
complex will have 60 townhomes, 130 apartments, office space, relail shops and a restaurant. Campletion is expected at
the end of 2016.
Ft Collins-Avago Tecfrnologies {semiconductor manufacturer} posts $1.368 as profit for 2015 fiscal year. This
San Jose based company has its largest facility in Fi Collins employing 1,300+ people.
Loveland-Agrium {manufactures and distributes fertilizers and other agriculture products} to anchor a new 3&
aere development on the west side of l-25 in Loveland. The project will include office buildings, retail store, a restaurant,
multi-family hcusing, and a hotel.
Berthoud-At the l-25 and Hwy 56 intersection, Berthoud is preparing for many possibilities via billionaire Bill
Gates participaiing in building a new wastewater treatrnent plant which will break the ice on a major residential and
commercial development. The plant near I-25 and Colorado Highway 56 will allow 6 develcpments to move forward, the
largest project 1,600-acre Wilson Ranch (t're properg quietly acquired by Gates-backed Front Range Holdings LLC).
STATEWDE:
Oenrer.RealtyTrac reported that Denver's foreclosures lyere down 14Yo in 2015 compared lo2AM, reaching its
lowest point since 2006. And Redfin reported Denvefs six day, under contract real estate sales in 2015, topped all other
cities in the USA. Further, Zllow predicts Denver to be the nation's top sales timeline in 2016. And Frddie Macs Market
lndicator says Denver's real estate market is the 4th highest growth {14.73Yo} in the USA. Biggefockets ranked Denver
as the 2nd in USA for realestate investments {Datlas is ranked #1).
Colorado-Forbes Magazine has chosen Colordo in 2015 as the Sth spot for being the best for businesses and
careers in USA {also in 2A12,n13, and 2014}. The US Census Bureau announced that Colorado is the 2nd fastest
growing state in the USA.
Colorado.Ski lndustry has reported trat the economic impact reaches nearly $58 annually! The ski industry
supports 46,000 jobs generating $t.9M a year in labor incorne. 7 million travelers, outside of Colorado, ski annually
using S.4 million nighti in ldging. Oh by fre way, Vail Resorts (headquartered in Broomfield) reprts quadrupling their
profits in 2015.
Aurora-Gaylord Rocky Resort, near DlA, breaks ground for treir 3,000 room hotel and events center with a
water park. 10,0ffi wo*ers will be employed to build the complex during the next three years and 2,500 will be
'
employed
-
upn opning
in 2019.
Thomton-$l34M outlet mallwillbegin construction in mid 2016. lt willbe called Denver Premium Outlets and
will be built on g4-acres at the northwest comer of 136th Ave and l-25. Restaurants and hotels will accompany the outlet
retailstores.
NATJONAL:
Reserve Raises lnterest Rates The last rate hike was in June 2$6-almost 10 years ago. The Fed
put interest rates near zero during the financial crisis in December 2008 to help stimulate he economy and boost the
collapsed housing ma*et. Projections are that rates will continue to slowly increase-our economy is getting sbonger.
an increased demand for buyerc to buy
Yuhai are the reprcussions for the housins industry? 1. There will
-feAeral
k
@continuestohavelittteinventoryandlotsofdemand(goodexampleofeconomic
model of 'supply and demand'|. Proprty prices yrill continue to rapidly increase due to bidding contrac{ wals.
Buy sooner ifran taterl {l have several rabbits up my sleeve...so call me when you are ready to enter that fierce
Ouying arena.) 2. An elec{ion year'typically' means moderation, so a very slow increase will unfold unless the
'China; situation becomes more extreme which, at that time, interest rate increases may become eYen slower'
3. Sellers may want to refinance and place their equity in more real estate {call me}. {. US dollar has kome
stronger for traveling beyond the USA Go trayel--pck up and rent your home! Rental rates are sky high..'you
may truly profit!
As a side note, I always look fonroard to the HGTV Sweepstake and want to share the link with you--to
WIN;FREE an amazing home plus boat, GMC Denali& $250,000 cash totaling $1.5M. Go to:trrww'HGTV.com.
you can enter twice a daylll lf you win, call me I will list your cunent home and off you go to an advenfure of living by the
seaside (tndian River in Florida) OR if you want to sell your sweepstake's home, I have a refenal netwo* all cver the
world...my pleasure to connmtrr'rith Realtom afar!!!
*ay your 2016 be filled full with ioy, prosper*y, and well hing. lf you have any questionsahut real
estate, pleas! contact me. lf you know anyone thinking about buying a home or selling a home, please pass
along their infonnation to me. I can serye most folks in the USA and abroad due to my extensive rcal estate
netwo*. I thank those that have entrusted me with their refenals, referrab are the life blood of mv business.
Sincerely,
ps. lf you rruould prefer the email vemion of this quarterly newsletter, just ernail me.
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