Boulder began as a mining town, and has finally grown into a city of fun, love and enthusiasm. Though the city may look like any old town, the cost of living in this little old town is quite high. It does have its own share of expensive residential housings situated right in the suburbs of the city. The highest real estate trade ever to have occurred in the city, is in excess of $11 million. This 8700+ sq ft 5 bedroom 7 bath mansion is considered as the gem of Homes for Sale Boulder Co. You can have a look at the mansion if you chooses to. In case you can handle a hike in your living prices, Boulder shall be a great destination for you. After all, a paradise do comes with a cost.
Most apartments in the city are sold for an average figure of $308k, when compared to the $100k the year before. Realtors have a stated a lot as possible factors for this rise. Though still unsure, most point to the rising prices of essential commodities as the main reason. Most commodities cost a lot more in Boulder County, than in the rest of the country. Preschool cost more than $500 to $600 a month. High school and college cost even more than $1000 a month. The parents of the city shall know a lot more than that. The owners of these educational institutions know that the city being the gateway into the Rockies and a great educated town, the parents shall meet the pay irrespective of what the prices are. Rental prices have actually risen a lot more than $2000 a month. There are even reports of houses costing more than $25000 a month. Coupled with the increasing prices of most of the essential commodities, it has further fueled the increase in the real estate prices. Most medium houses close the deal at an average figure of $600k – $700k. Good Denver Roofers are hard to find but Call Elite if you need one.
The residents are of the opinion that there is no influence of the officials in the real estate market to lower the prices. Most owners are listing their homes for outrageous list prices due to this increase in the cost of living. This shall further increase the prices in the real estate. The residents are of the opinion that the taxes in the city are mostly outrageous for the state, and they feel that it should at least be halved to lower the prices in real estate. The mortgage prices are no satisfaction for anyone looking to buy properties, and the banks are also to blame in this ever increasing prices of the city.
Surrounded by the cities with their luxury ski resorts and lots of fun, just minutes away from the city, its expected that you make a minimum of $100k a year before you even start thinking about moving to Boulder County. Though the city does have it share of culture and fun, most feel that these outrageous prices are the result for the hike in real estate prices. Rather than going head on with real estate, its recommended that you try out rental first. You can also contact a Broomfield Realtor for more information.