Longmont is a city in Boulder County, Colorado. The name "Longmont" originates from the view of Longs Peak available from much the city. Longmont was declared an "All-America City" by the National Civic League in June 2006. Longmont has over 300 days of sunshine, and a spectacular view of the Rocky Mountains. With over 1500 acres of parks and open space, Longmont is perfect for outdoor enthusiasts. Longmont also sits at the base of the Rocky Mountains, within driving distance of 29 ski areas.
The Longmont real estate market is growing rapidly. New homes are being built in Longmont at a staggering
pace. Much of this Longmont real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in Longmont and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in Longmont has begun to soften
a bit. The softening market has prompted some sellers to increase incentives
to sales agents and buyers, ranging from increasing sales commissions to
reducing pricing. Many believe this presents an opportunity to scoop up
hot Longmont homes at reduced prices.
The reasons for the cooling market include mortgage rates than are beginning to move higher, a temporary oversupply of homes, and the property tax consequences of moving to a new home. Many experts and market watchers say the fundamentals underlying Longmont's real estate market remain sound
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