Featured Property

  • 131 Equinox Drive
    Castle Rock, CO
    5 beds | 5 baths
  • 3766 West 100th Avenue
    Westminster, CO
    4 beds | 4 baths
  • 4950 Homestead Place 23
    Thornton, CO
    2 beds | 1 baths
  • 6178 Graden Street
    Frederick, CO
    3 beds | 2 baths
  • 22461 East Peakview Drive
    Aurora, CO
    6 beds | 3 baths
  • 2955 Blue Sky Circle 6-302
    Erie, CO
    2 beds | 2 baths
  • 4130 East 130th Place
    Thornton, CO
    4 beds | 2 baths
  • 49600 East Mississippi Avenue
    Bennett, CO
  • 1464 East 130th Drive
    Thornton, CO
    3 beds | 2 baths
  • 1020 15th Street 8L
    Denver, CO
    2 beds | 2 baths
  • 8164 159th Ct
    Thornton, CO
    7 beds | 6 baths
  • 6849 Saddleback Avenue
    Firestone, CO
    6 beds | 4 baths
  • 1983 Briarwood Place
    Erie, CO
    3 beds | 2 baths
  • 6841 East 80th Avenue
    Commerce City, CO
  • VACANT LOT 80th Avenue
    Commerce City, CO
  • 4705 Claude Court
    Denver, CO
    5 beds | 1 baths
  • 11354 Quivas Way
    Westminster, CO
    4 beds | 3 baths
  • 3344 West Walsh Pl
    Denver, CO
    2 beds | 1 baths

Real Estate Market Report

  Is now a good time to buy or sell in Broomfield Colorado?

What new national & local trends are affecting the value of my home?

What new economic policies will be shaping my real estate decisions in the coming months?

BROOMFIELD CO SOLD HOMES INFORMATIONCurrent New Local Broomfield Information on Recently Listed and Recently Sold Homes in the Broomfield Real Estate Market

DENVER & BROOMFIELD CO HOME SALES STATISTICSCurrently Updated New Local Information and Recently Listed and Sold Homes in the Denver & Broomfield Real Estate Market

REAL ESTATE MORTGAGE CHECKLISTReal Estate Mortgage Loan Information

REAL ESTATE DENVER, BROOMFIELD, WESTMINSTER, THORNTON, BRIGHTON & ARVADACurrently Updated New Local Information and Recently Listed and Sold Homes in Denver Thornton Westminster Broomfield Real Estate Market

Housing affordability is at an all-time high for buying a home in Broomfield and real estate in Broomfield is more affordable than ever when you take a look at the combination of the average American’s income, the average real estate sales prices on homes sold, and the average percent on fixed mortgage rates for a 30 year financed home loan. Historically, the nation has never seen a better opportunity to buy a home ever according to the housing affordability index presented below by the National Association of Realtors:
    Median Priced   Monthly Payment Median     Affordability Indexes
    Existing Single- Mortgage P & I as a % Family Qualifying      
Year   Family Home Rate* Payment of Income Income Income** Composite Fixed  
2010   196,600 6.15 958 18.1 63,366 45,984 137.8 137.4  
2011   172,100 5.14 751 14.8 61,082 36,048 169.4 169.2  
2012   173,100 4.89 734 14.4 61,313 35,232 174.0 169.0  
2012 Oct 177,000 3.57 641 12.3 62,679 30,768 203.7 201.2  
2012 Nov 179,400 3.50 644 12.3 62,756 30,912 203.0 201.1  
2012 Dec 180,300 3.43 642 12.2 62,982 30,816 204.4 202.5  
2012 Jan 171,100 3.47 612 11.7 62,736 29,376 213.6 211.8  
2012 Feb 173,500 3.56 628 11.9 63,237 30,144 209.8 208.1  
2012 Mar 184,500 3.66 676 12.8 63,371 32,448 195.3 193.3  
2012 Apr 192,100 3.69 706 13.4 63,377 33,888 187.0 184.9  
2012 May 203,600 3.57 738 13.9 63,512 35,424 179.3 177.8  
2012 Jun 214,600 3.67 787 14.8 63,634 37,776 168.5 166.3  
2012 Jul 213,000 4.13 826 15.6 63,723 39,648 160.7 158.4  
2012 Aug 209,700 4.41 841 15.8 63,783 40,368 158.0 156.3  
2012 Sep r 198,500 4.53 807 15.1 63,962 38,736 1165.1 162.9  
2013 Oct p 199,500 4.49 808 15.1 64,153 38,784 165.4 163.6  
                This Month Year
                Month Ago Ago
  Northeast 246,800 4.46 996 16.1 74,163. 47,808 155.1 163.2 181.9
  Midwest 155,900 4.54 635 11.8 64,377 30,480 211.2 205.7 254.9
  South 174,900 4.51 710 14.4 59,212 34,080 173.7 173.0 214.5
  West 287,700 4.46 1,161 21.1 66,162 55,728 118.7 118.0 149.8
*Mortgage rates are not available                
©2014 National Association of REALTORS®              

So why would the housing affordability index reach an all-time peak? Interest rates are at historic lows. Interest rates have dominated the news quite a bit lately as we have established new record lows time and again. Potential home buyers in Broomfield need to understand the positive financial impact low interest rates have on the cost of home ownership and the thousands of dollars that can be saved over the life of a typical mortgage loan.

Paying off debt is usually the most common approach for home buyers and their families so that they can work on putting a good amount on a down payment for a house. The opportunity that is apparent when you take a look at the combination of low sales prices, good inventory, and great historically low home finance rates should make you rethink waiting on the Denver and Broomfield real estate market to change. The experts are already projecting appreciation in the next couple of years based on buying activity and the slight increases in homes sold prices across the board. So for buyers who are waiting for home prices to hit the “bottom,” before buying it’s important to point out that the possibility of a slight drop in the price of a Broomfield home’s market price will have very little effect on the monthly mortgage payment, while even a slight increase in interest rates (a far more likely possibility) will have a much more noticeable financial impact on a monthly mortgage loan.
What we encourage from this statistical data is that if you are able to buy and you want to, you should not wait. It could be a huge mistake when you take into account all the positives that the housing affordability index numbers indicate. If you can afford to buy, trade up, or invest, our current Broomfield real estate market and the statistics above definitely present a lifetime opportunity.

Keller Williams Agents in Westminster & Broomfield

At the Westminster Keller Williams North office What we all definitely need less of is trash in our neighborhoods and communities. Thanks to the Adopt-A-Street program, the visual appearance of our busy streets in the Denver metropolitan area can now be a lot better! Lowering home values in Westminster or just making communities in Broomfield and surrounding areas not be as desireable to live in obviously lowers home values and when you are able take a program like this that at the same time can give something back to the community and help the Westminster Broomfield real estate market maintain it's conditions for all.

The Adopt-A-Street program allows community volunteers to make the commitment to remove litter along pre-designated sections of city streets for a minimum of once a month for a year at a time. Our agent volunteers are encouraged to monitor conditions on their section of the street and report any problems to city staff members for follow up. A City of Westminster representative assists the group in establishing a specific street segment to be "adopted", arrange an agreement, set up a litter pick up schedule, distribute trash bags and safety vests and discuss safety rules with the volunteers. The Keller Williams agents in Westminster will be cleaning the streets once a month between Huron Street and Federal Boulevard along 112th Avenue for the next year. There will be a sign placed in appreciation of the Westminster real estate agents for their participation in the program.

If you or your group are interested in volunteering, please contact the Westminster Street Operations Adopt-A-Street Program at streets@cityofwestminster.us or call them at 303-658-2501. Working within the community is something that makes Keller Williams Realty different from other real estate companies in Broomfield Colorado, Westminster, and Denver and nationally, too.

Feel free to contact us if you are in need of expert real estate services, we would be glad to help you at Keller Williams North with the Homewerks real estate team. Have a great day! Shaun Werkele 303-250-4735

Give Where You Live! Our goal at Keller Williams in Broomfield CO is to collect 5,000 pounds of food to donate to our community food bank in Broomfield, Colorado, "Broomfield Fish," on May 12, 2011. This goal is part of the national campaign for Red, Red standing for Renew Energize Donate. This program is sponsored by Keller Williams nationally on the second Tuesday of May every year, and this is the 3rd Annual Red Day event. Red Day is an initiative that is dedicated to celebrating the year-round commitment that Keller Williams makes to improve our local communities in which we both live in and work in. Broomfield Fish is a community bank that has been drained of their food supply for more than a year now. What we are hoping to accomplish is replenish their supply for the needy and misfortunate persons and families that need a little help during a more challenged economic period for everyone. If you are interested in helping to feed the communites in the Broomfield Colorado area and help the Broomfield Fish food bank, then we at Homewerks will be glad to come by your house on May 12, 2011 to pick up food from your home in Broomfield CO for the Keller Williams food drive for Red Day. Red Day is one of the things that makes Keller Williams Realty different from other real estate companies in Broomfield Colorado, Denver and nationally. Feel free to contact us if you would like to help with a donation, or you would like more information on what the company initiative is all about.

What difference will the Keller Williams North Market Center make in 2011? Watch www.kw.com/redday for more news and information.



Have a Great Day!
Shaun Werkele
Keller Williams Realty