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CO Avg Real Estate Commission Rate in Boulder, Colorado

Boulder is the home rule municipality that is the county seat and the most populous municipality of Boulder County, and the 11th most populous municipality in the U.S. state of Colorado. Boulder is located at the base of the foothills of the Rocky Mountains at an elevation of 5,430 feet (1,655 m) above sea level. The city is 25 miles (40 km) northwest of Denver.

The population of the City of Boulder was 97,385 people at the 2010 United States Census, while the population of the Boulder, CO Metropolitan Statistical Area was 294,567.

Boulder is famous for its association with American frontier history and for being the home of the main campus of the University of Colorado, the state's largest university. The city frequently receives high rankings in art, health, well-being, quality of life, and education.

 

Boulder, Colorado Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Boulder, Colorado. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Boulder, Colorado, you will find the following real estate commissions charged*:

Typical Asking Commission: 6.0%

Competitive Commission: 5.0-5.5%

Very Competitive Commission: 4.5-4.99%

The median existing single-family home price in the West rose 7.5%, to $372,400, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Colorado, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Boulder $593,200 7.9%
Colorado Springs $284,200 9.6%
Denver, Aurora, Lakewood $424,500 7.6%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Colorado.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

the 2010 census, there were 97,385 people, 41,302 households, and 16,694 families residing in the city. The population density was 3,942.7 inhabitants per square mile (1,524.0/km²). There were 43,479 housing units at an average density of 1,760.3 per square mile (680.4/km²). The racial makeup of the city was 88.0% White, 0.9% Black or African American, 0.4% Native American, 4.7% Asian, 0.1% Pacific Islander, 3.2% some other race, and 2.6% from two or more races. 8.7% of the population are Hispanic or Latino of any race.

There were 41,302 households, out of which 19.1% had children under the age of 18 living with them, 32.2% were headed by married couples living together, 5.5% had a female householder with no husband present, and 59.6% were non-families. 35.8% of all households were made up of individuals, and 7.1% were someone living alone who was 65 years of age or older. The average household size was 2.16, and the average family size was 2.84.

Boulder's population is younger than the national average, largely due to the presence of university students. The median age at the 2010 census was 28.7 years compared to the U.S. median of 37.2 years. In Boulder, 13.9% of the residents were younger than the age of 18, 29.1% from 18 to 24, 27.6% from 25 to 44, 20.3% from 45 to 64, and 8.9% were 65 years of age or older. For every 100 females, there were 105.5 males. For every 100 females age 18 and older, there were 106.2 males.

In 2011 the estimated median household income in Boulder was $57,112, and the median family income was $113,681. Male full-time workers had a median income of $71,993 versus $47,574 for females. The per capita income for the city was $37,600. 24.8% of the population and 7.6% of families were below the poverty line. Out of the total population, 17.4% of those under the age of 18 and 6.0% of those 65 and older were living below the poverty line.

Boulder housing tends to be priced higher than surrounding areas. For the 2nd quarter of 2006, the median single-family home in Boulder sold for $548,000 and the median attached dwelling (condo or town home) sold for $262,000. According to the National Association of Realtors, during the same period the median value of one-family homes nationwide was $227,500. The median price of a home exceeded $1,000,000 dollars in July 2016.

 

ECONOMY:

The Boulder MSA had a gross metropolitan product of $18.3 billion in 2010, the 110th largest metropolitan economy in the United States.

In 2007, Boulder became the first city in the USA to levy a carbon tax.

In 2013, Boulder appeared on Forbes magazine's list of Best Places for Business and Careers.

Transportation

Since Boulder has operated under residential growth control ordinances since 1976, the growth of employment in the city has far outstripped population growth. Considerable road traffic enters the city each morning and leaves each afternoon, since many employees live in Longmont, Lafayette, Louisville, Broomfield, Westminster, and Denver. Boulder is served by US 36 and a variety of state highways. Parking regulations in Boulder have been explicitly designed to discourage parking by commuters and to encourage the use of mass transit, with mixed results.

Boulder, Colorado, a city of just over 100,000 people, is located approximately 30 miles northwest of Denver at the foothills of the Rocky Mountains. Boulder is home to the University of Colorado, whose 30,000 students swell the city's population during the academic year. Over the years, Boulder has made significant investments in the multi-modal network. The city is now well known for its grade-separated bicycle and pedestrian paths, which are integrated into a network of bicycle lanes, cycle-tracks, and on-street bicycle routes. Boulder also provides an innovative community transit network that connects downtown, the University of Colorado campuses, and local shopping amenities. While the city has no rail transit, local and regional shuttle busses are funded by a variety of sources and emphasize minimal headways, enhanced route identity, easy fare payment, and community input in design (RTD, 2005). Due in part to these investments in pedestrian, bicycle, and transit infrastructure, Boulder has been recognized both nationally and internationally for its transportation system.

In 2009, the Boulder metropolitan statistical area (MSA) ranked as the fourth highest in the United States for percentage of commuters who biked to work (5.4 percent). In 2013, the Boulder MSA ranked as the fourth lowest in the United States for percentage of workers who commuted by private automobile (71.9 percent). During the same time period, 11.1 percent of Boulder area workers had no commute whatsoever: they worked out of the home.

 

*Data provided by Bankrate.com - Real Estate and Wikipedia - Boulder - Colorado