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Happy New Year to all and I’m hopeful everyone survived and enjoyed the Holiday’s with family and friends. Boulder County Real Estate remained stagnant in 2019 with the median price of single family homes increasing only 2.2 percent in Boulder, 1.7 percent in Longmont, while the median price in Lafayette was flat and Louisville dropped 2.8 percent. Broomfield was the big winner last year with their median home price increasing by 7.2 percent. Townhomes in 2019 paint a different picture, increasing 14.8 percent in Lafayette, 9.9 percent in Louisville, while the median price of a townhome in Boulder only increased 0.9 percent.

Colorado’s economy continues to lead the nation in wage growth and employment, though growth is showing signs of slowing. The Boulder area, in terms of employment, is one of the strongest and fastest growing in the state. The Colorado Business Economic Outlook expects job growth throughout the state to fall from 1.9 percent growth in 2019 to 1.4 percent in 2020, although Boulder County is expected to outpace the state due to the strong base of technological and scientific businesses, as well as robust tourism and outdoor industries. A large part of Boulder County’s continued growth is attributed to the concentration of educated employees graduating from the University of Colorado and falling in love with 300 days of sunshine and the majestic Flatirons. Because the local economy is so diversified, in the event we were to experience some softening, the strengths from other industries will hopefully keep the economy moving along.

Boulder has so much to offer with a strong economy, abundant open space, access to recreation, and lots of sunshine! It’s no wonder unemployment remains low and businesses are drawn to this area.  Thank you so much for your referrals, and if you, or anyone you know is interested in buying or selling in Boulder County, I’d appreciate it if you pass my name along. Have a great 2020!

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