Boulder County 2023 Q1 Real Estate Report

Page 1

Boulder County Real Estate Report

1st Quarter 2023

FHFA HPI by Metropolitan Area Since 1991Q2

Percent Change in House Prices

Metropolitan Area Rank 1-Quarter 1-Year 5-Years Since 1991Q1 Missoula, MT 15 3.44 19.54 88.12 665.44 Austin-Round Rock-Georgetown, TX 222 -5.35 7.56 75.92 618.91 Salt Lake City, UT 197 -2.92 8.7 74.37 596.7 Boulder, CO 150 -1.96 10.66 47.8 588.29 Bend, OR 221 -2.56 7.57 72.76 586.46 Coeur d'Alene, ID 175 -1.15 9.84 104.63 574.29 Albany-Lebanon, OR 196 -1.08 8.72 68.21 549.86 Denver-Aurora-Lakewood, CO 216 -2.41 7.96 52.15 548.72 Miami-Miami Beach-Kendall, FL 4 2.23 21.62 75.85 539.14 Provo-Orem, UT 206 -3.27 8.39 75.92 514.28 Fort Collins, CO 141 -2.34 10.88 51.04 508.13 Logan, UT-ID 70 -1.12 13.9 91.71 503.24 Boise City, ID 256 -6.44 1.06 96.45 501.63 Portland-Vancouver-Hillsboro, OR-WA 247 -2.87 4.63 43.13 493.76 Ogden-Clearfield, UT 214 -3.29 8.01 79.91 489.15 Wenatchee, WA 180 -0.35 9.66 64.42 472.57 Flagstaff, AZ 115 -0.6 11.73 72.27 465.38 Greeley, CO 207 -3.14 8.35 53.74 462.73
Purchase-Only FHFA HPI (Seasonally Adjusted, Nominal) Period ended 2022 Q4

2. Boulder, CO

According to data from the Federal Housing Administration (FHA), the home price index in Boulder, Colorado rose by more than 277% from 1997 through 2021. Additionally, home prices in Boulder have been relatively stable during that 25-year period, with a 1% chance of a 5% or more drop in home price within a decade of buying.

Local Statistics

By Area

Single-Family

Single Family Q1

Boulder County
Boulder County Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 441 43.6% 307 27.8% 345 Median Sales Price $900,000 3.1% $872,750 18.4% $760,000 Average Sales Price $1,219,687 5.2% $1,159,510 23.2% $989,990 SP/LP Ratio 98.0% -5.6% 103.9% -2.4% 100.5% Average Market Time 72 84.6% 39 30.9% 55 Number of Sales YTD 351 -24.7% 466 -38.1% 567 Expired Listings 123 108.5% 59 11.8% 110 Months of Inventory 3.8 100.0% 1.9 111.1% 1.8 % Under Contract 40% -44.4% 72% -43.7% 71% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023

Single Family Q1

Boulder County
City
Boulder Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 163 139.7% 68 33.6% 122 Median Sales Price $1,392,500 -4.5% $1,458,355 2.2% $1,362,500 Average Sales Price $1,788,831 3.9% $1,720,931 16.6% $1,534,485 SP/LP Ratio 98.7% -5.1% 104.0% -0.7% 99.4% Average Market Time 58 26.1% 46 3.6% 56 Number of Sales YTD 98 -15.5% 116 -27.9% 136 Expired Listings 28 100.0% 14 -37.8% 45 Months of Inventory 5 177.8% 1.8 85.2% 2.7 % Under Contract 33% -47.6% 63% -43.1% 58% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023
of

Single Family Q1

Boulder County
City of Louisville Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 19 58.3% 12 35.7% 14 Median Sales Price $910,000 -9.0% $1,000,000 10.8% $821,250 Average Sales Price $1,051,012 -4.2% $1,097,331 16.4% $902,675 SP/LP Ratio 97.2% -10.1% 108.1% -5.5% 102.9% Average Market Time 68 172.0% 25 61.9% 42 Number of Sales YTD 19 -32.1% 28 -36.7% 30 Expired Listings 4 100.0% 2 ---- 3 Months of Inventory 3 130.8% 1.3 114.3% 1.4 % Under Contract 58% -30.1% 83% -18.3% 71% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023

Single Family Q1

Boulder County
City of Lafayette Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 29 26.1% 23 -3.3% 30 Median Sales Price $882,500 12.8% $782,500 30.6% $675,750 Average Sales Price $933,595 -6.6% $1,000,050 32.7% $703,371 SP/LP Ratio 98.8% -9.2% 108.8% -3.8% 102.7% Average Market Time 69 76.9% 39 0.0% 69 Number of Sales YTD 20 -33.3% 30 -61.5% 52 Expired Listings 12 500.0% 2 100.0% 6 Months of Inventory 4.4 91.3% 2.3 158.8% 1.7 % Under Contract 38% -51.3% 78% -52.5% 80% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023

Single Family Q1

Boulder County
City
Longmont Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 110 34.1% 82 7.8% 102 Median Sales Price $608,000 0.8% $603,000 22.2% $497,500 Average Sales Price $670,836 1.1% $663,265 26.3% $531,234 SP/LP Ratio 99.3% -6.8% 106.6% -2.9% 102.3% Average Market Time 62 129.6% 27 63.2% 38 Number of Sales YTD 110 -28.6% 154 -42.1% 190 Expired Listings 35 288.9% 9 118.8% 16 Months of Inventory 3 87.5% 1.6 87.5% 1.6 % Under Contract 55% -36.8% 87% -34.5% 84% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023
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Single Family Q1

Boulder County
Suburban Plains Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 84 55.6% 54 16.7% 72 Median Sales Price $1,033,500 9.9% $940,500 11.7% $925,000 Average Sales Price $1,467,204 11.1% $1,320,998 10.2% $1,331,109 SP/LP Ratio 96.7% -3.4% 100.0% -2.7% 99.4% Average Market Time 71 42.0% 50 -11.3% 80 Number of Sales YTD 58 -35.6% 90 -33.3% 87 Expired Listings 24 140.0% 10 9.1% 22 Months of Inventory 4.3 138.9% 1.8 72.0% 2.5 % Under Contract 35% -47.8% 67% -52.7% 74% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023

Single Family Q1

Boulder County
Suburban Mountains Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 34 25.9% 27 -19.0% 42 Median Sales Price $1,005,000 -11.5% $1,136,000 15.5% $870,000 Average Sales Price $1,316,109 -4.9% $1,383,881 25.0% $1,052,812 SP/LP Ratio 96.3% -4.0% 100.3% -3.9% 100.2% Average Market Time 157 170.7% 58 101.3% 78 Number of Sales YTD 33 6.5% 31 -40.0% 55 Expired Listings 12 -33.3% 18 -33.3% 18 Months of Inventory 3.1 19.2% 2.6 34.8% 2.3 % Under Contract 29% -39.6% 48% -49.1% 57% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023

Single Family Q1

Boulder County
Town of Superior Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 11 22.2% 9 0.0% 11 Median Sales Price $920,500 2.6% $897,500 9.8% $838,000 Average Sales Price $926,013 -6.3% $988,656 7.5% $861,736 SP/LP Ratio 98.4% -11.1% 110.6% -9.9% 109.1% Average Market Time 57 147.8% 23 171.4% 21 Number of Sales YTD 12 -25.0% 16 -7.7% 13 Expired Listings 5 150.0% 2 --- 0 Months of Inventory 2.75 61.8% 1.7 10.0% 2.5 % Under Contract 36% -53.8% 78% -60.4% 91% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023
Boulder County
City of Broomfield Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 129 437.5% 24 344.8% 29 Median Sales Price $705,500 2.2% $690,050 11.1% $635,000 Average Sales Price $771,151 1.5% $759,671 9.0% $707,439 SP/LP Ratio 99.1% -5.3% 104.6% -3.0% 102.1% Average Market Time 49 48.5% 33 -7.5% 53 Number of Sales YTD 160 281.0% 42 213.7% 51 Expired Listings 36 1700.0% 2 --- 0 Months of Inventory 2.4 41.2% 1.7 41.2% 1.7 % Under Contract 58% -26.6% 79% -37.6% 93% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES and RECO MLS 4/5/2023
Single Family Q1

Single Family Q1

Boulder County
Town of Erie Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 181 352.5% 40 465.6% 32 Median Sales Price $725,450 -4.9% $762,500 -2.0% $740,000 Average Sales Price $772,957 -9.5% $853,992 -2.3% $791,170 SP/LP Ratio 98.4% -4.4% 102.9% -2.8% 101.2% Average Market Time 58 100.0% 29 13.7% 51 Number of Sales YTD 100 61.3% 62 100.0% 50 Expired Listings 22 1000.0% 2 100.0% 11 Months of Inventory 5.4 184.2% 1.9 184.2% 1.9 % Under Contract 54% -6.9% 58% -33.3% 81% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES and RECO MLS 4/5/2023

Single-Family Recap

Number of Single-Family Homes Sold - 1st Qtr 2023 2015​​ 2016​​ 2017​​ 2018​​ 2019​​ 2020​​ 2021​​ 2022​ 2023 Boulder​​ 119​​ 112​​ 112​​ 142​​ 107​​ 141​​ 136​​ 116​ 98 Louisville​​ 37​​ 26​​ 38​​ 26​​ 40​​ 34​​ 30​​ 28​ 19 Lafayette​​ 45​​ 43​​ 56​​ 51​​ 50​​ 54​​ 52​​ 30​ 20 Longmont​​ 227​​ 195​​ 174​​ 216​​ 210​​ 247​​ 190​​ 154​ 110 Sub. Plains​​ 125​​ 106​​ 105​​ 115​​ 108​​ 120​​ 87​​ 90​ 58 Sub. Mtns 55​​ 41​​ 42​​ 38​​ 37​​ 33​​ 55​​ 31​ 33 Superior​​ 23​​ 24​​ 25​​ 12​​ 14​​ 26​​ 13​​ 16​ 12 Bldr County​​ 624​​ 548​​ 553​​ 600​​ 572​​ 661​​ 567​​ 466​ 351 Broomfield​​ 53​​ 51​​ 79​​ 76​​ 81​​ 69​​ 51​​ 42​ 160 Erie​​ 95​​ 62​​ 65​​ 84​​ 88​​ 98​​ 50​​ 62​ 100
Single Family Median Price by Area - Qtr 1 2023 2015​​ 2016​​ 2017​​ 2018​​ 2019​​ 2020​​ 2021​​ 2022​ 2023 Boulder​​ $770,000 $842,000 $867,000 $900,000 $1,025,000​ $1,000,000​​ $1,362,500​​ $1,458,355​ $1,392,500 Louisville​​ 497,500​​ 545,000​​ 589,250​​ 737,500​​ 627,500​​ 669,500​​ 821,250​​ 1,000,000​ 910,000 Lafayette​​ 429,875​​ 470,000​​ 477,900​​ 592,000​​ 567,500​​ 546,000​​ 675,750​​ 782,500​ 882,500 Longmont​​ 299,000​​ 342,000​​ 375,397​​ 428,500​​ 435,000​​ 455,000​​ 497,500​​ 603,000​ 608,000 Sub. Plains​​ 550,000​​ 575,778​​ 625,000​​ 625,000​​ 727,500​​ 666,000​​ 925,000​​ 940,500​ 1,033,500 Sub. Mtns 495,000​​ 564,000​​ 630,250​​ 682,250​​ 610,000​​ 650,000​​ 870,000​​ 1,136,000​ 1,005,000 Superior​​ 427,700​​ 649,836​​ 600,000​​ 510,250​​ 612,500​​ 632,000​​ 838,000​​ 897,500​ 920,500 Bldr County 457,964​​ 495,000​​ 558,000​​ 592,000​​ 594,950​​ 609,000​​ 760,000​​ 872,750​ 900,000 Broomfield​​ 415,000​​ 440,500​​ 495,787​​ 497,500​​ 505,000​​ 570,000​​ 635,000​​ 690,050​ 705,500 Erie​​ 409,500​​ 462,500​​ 486,000​​ 481,500​​ 518,950​​ 520,000​​ 740,000​​ 762,500​ 725,450
Single Family Average Sales Price - 1st Qtr 2023 2015​​ 2016​​ 2017​​ 2018​​ 2019​​ 2020​​ 2021​​ 2022​ 2023 Boulder $969,706​ $1,071,554​​ $1,094,319​​ $1,215,000​​ $1,318,240​​ $1,236,000​​ $1,534,485​​ $1,720,931​ $1,788,831 Louisville 562,933​​ 634,438​​ 666,128​​ 749,600​​ 742,920​​ 764,875​​ 902,675​​ 1,097,331​ 1,051,012 Lafayette 489,854​​ 552,981​​ 570,010​​ 618,000​​ 601,960​​ 582,870​​ 703,371​​ 1,000,050​ 933,595 Longmont 342,009​​ 387,832​​ 422,178​​ 461,700​​ 462,200​​ 489,516​​ 531,234​​ 663,265​ 670,836 Plains 651,850​​ 731,698​​ 796,447​​ 839,200​​ 879,980​​ 892,005​​ 1,331,109​​ 1,320,998​ 1,467,204 Mountains 560,868​​ 691,252​​ 632,256​​ 777,800​​ 895,980​​ 866,530​​ 1,052,812​​ 1,383,881​ 1,316,109 Superior 570,581​​ 614,912​​ 635,117​​ 677,200​​ 621,700​​ 659,675​​ 861,736​​ 988,656​ 926,013 Boulder Cty 575,753​​ 652,214​​ 680,647​​ 745,985​​ 765,590​​ 770,114​​ 989,990​​ 1,159,510​ 1,219,687 Broomfield 456,531​​ 496,456​​ 537,262​​ 561,700​​ 552,160​​ 621,470​​ 707,439​​ 759,671​ 771,151 Erie​​ 450,794​​ 496,007​​ 508,303​​ 535,900​​ 542,200​​ 548,680​​ 791,170​​ 853,992​ 772,957
Percent of Single-Family Homes U/C - 1st Qtr 2023 2015​​ 2016​​ 2017​​ 2018​​ 2019​​ 2020​​ 2021​​ 2022​ 2023 Boulder 58​​ 49​​ 43​​ 48​​ 39​​ 36​​ 58​​ 63​ 33 Louisville 67​​ 49​​ 47​​ 65​​ 51​​ 50​​ 71​​ 83​ 58 Lafayette 71​​ 65​​ 47​​ 60​​ 47​​ 63​​ 80​​ 78​ 38 Longmont 70​​ 70​​ 49​​ 69​​ 52​​ 66​​ 84​​ 87​ 55 Plains 46​​ 45​​ 44​​ 41​​ 38​​ 50​​ 74​​ 67​ 35 Mountains​ 37​​ 28​​ 28​​ 47​​ 39​​ 26​​ 57​​ 48​ 29 Superior 56​​ 23​​ 46​​ 64​​ 68​​ 61​​ 91​​ 78​ 36 Boulder County 57​​ 53​​ 50​​ 55​​ 45​​ 51​​ 71​​ 72​ 40
This representation is based in whole or in part on data supplied by IRES MLS for the time period above
PRICE RANGE # SOLD # ON MARKET MONTHS OF INVENTORY # Listed 1st Qtr 2023 $0 - $99,999 0 0 0 0 $100,000 - 149,999 0 0 0 0 $150,000 - 199,999 0 0 0 0 $200,000 - 249,999 0 1 0 0 $250,000 - 299,999 1 0 0 0 $300,000 - 349,999 2 0 0 0 $350,000 - 399,999 4 0 0 0 $400,000 - 449,999 13 2 0 2 $450,000 - 499,999 15 2 0 0 $500,000 - 549,999 16 4 1 4 $550,000 - 599,999 17 13 2 10 $600,000 - 649,999 24 13 2 8 $650,000 - 699,999 18 13 2 11 $700,000 - 749,999 19 8 1 6 $750,000 - 799,999 15 7 1 5 $800,000 - 849,999 10 7 2 6 $850,000 - 899,999 20 12 2 12 $900,000 - 949,999 14 3 1 2 $950,000 - 999,999 10 15 5 12 $1,000,000 - 1,099,999 16 13 2 11 $1,100,000 - 1,199,999 19 17 3 13 $1,200,000 - 1,299,999 15 11 2 10 $1,300,000 - 1,399,999 9 7 2 6 $1,400,000 - 1,499,999 11 8 2 6 $1,500,000 - 1,599,999 10 9 3 4 $1,600,000 - 1,699,999 7 2 1 2 $1,700,000 - 1,799,999 6 3 2 3 $1,800,000 - 1,899,999 6 12 6 9 $1,900,000 - 1,999,999 2 7 11 6 $2,000,000 - 52 119 7 87 TOTALS: 351 308 2.63 235
Prepared by RE/MAX of Boulder, Inc. For Boulder County on April 6 2023

Multi-Family

Boulder County Attached Dwelling Listing Inventory

Attached Dwelling Q1

Boulder County
Boulder County Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 136 65.9% 82 -26.5% 185 Median Sales Price $484,960 -4.0% $505,000 12.5% $431,000 Average Sales Price $562,769 -9.8% $623,757 7.0% $526,021 SP/LP Ratio 98.9% -4.4% 103.4% -0.9% 99.8% Average Market Time 67 31.4% 51 -5.6% 71 Number of Sales YTD 173 -29.7% 246 -43.8% 308 Expired Listings 33 57.1% 21 -49.2% 65 Months of Inventory 2.4 140.0% 1 33.3% 1.8 % Under Contract 48% -41.5% 82% -27.4% 66% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023

Attached Dwelling Q1

Boulder County
City of Boulder Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 77 -27.4% 106 -45.4% 141 Median Sales Price $566,000 -0.5% $569,000 18.2% $479,000 Average Sales Price $644,716 -11.4% $728,012 5.4% $611,546 SP/LP Ratio 98.7% -3.5% 102.3% -0.5% 99.2% Average Market Time 59 1.7% 58 -35.2% 91 Number of Sales YTD 78 -40.5% 131 -50.9% 159 Expired Listings 17 41.7% 12 -66.0% 50 Months of Inventory 3 25.0% 2.4 11.1% 2.7 % Under Contract 43% -44.4% 77% -19.2% 53% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023
Boulder County
City of Louisville Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 5 25.0% 4 -64.3% 14 Median Sales Price $624,338 2.4% $610,000 47.6% $422,900 Average Sales Price $686,459 5.7% $649,444 50.5% $456,192 SP/LP Ratio 98.5% -8.6% 107.8% -1.3% 99.8% Average Market Time 53 194.4% 18 20.5% 44 Number of Sales YTD 8 -11.1% 9 -38.5% 13 Expired Listings 0 ---- 1 ---- 0 Months of Inventory 1.9 46.2% 1.3 -40.6% 3.2 % Under Contract 40% -20.0% 50% -56.9% 93% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023
Attached Dwelling Q1

Attached Dwelling Q1

Boulder County
City of Lafayette Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 12 50.0% 8 -63.6% 33 Median Sales Price $491,500 0.5% $489,000 12.2% $438,000 Average Sales Price $460,172 -7.4% $496,990 8.5% $424,072 SP/LP Ratio 100.1% -4.7% 105.0% -1.9% 102.0% Average Market Time 76 -6.2% 81 76.7% 43 Number of Sales YTD 20 -35.5% 31 -31.0% 29 Expired Listings 4 300.0% 1 ----- 0 Months of Inventory 1.8 125.0% 0.8 -47.1% 3.4 % Under Contract 58% -41.7% 100% -23.1% 76% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023

Attached Dwelling Q1

Boulder County
City of Longmont Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 109 303.7% 27 165.9% 41 Median Sales Price $473,960 6.9% $443,500 20.1% $394,712 Average Sales Price $486,068 4.3% $465,978 20.3% $404,040 SP/LP Ratio 99.5% -5.8% 105.6% -1.7% 101.2% Average Market Time 86 230.8% 26 95.5% 44 Number of Sales YTD 40 -4.8% 42 -32.2% 59 Expired Listings 7 133.3% 3 -22.2% 9 Months of Inventory 8.2 331.6% 1.9 290.5% 2.1 % Under Contract 48% -43.5% 85% -46.8% 90% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023
Boulder County
Suburban Plains Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 12 71.4% 7 -52.0% 25 Median Sales Price $435,000 4.8% $415,000 22.7% $354,500 Average Sales Price $455,594 -10.5% $509,127 14.4% $398,150 SP/LP Ratio 98.7% -4.5% 103.3% -1.1% 99.8% Average Market Time 27 -30.8% 39 -56.5% 62 Number of Sales YTD 17 -26.1% 23 -46.9% 32 Expired Listings 4 --- 0 33.3% 3 Months of Inventory 2.1 133.3% 0.9 -8.7% 2.3 % Under Contract 83% -16.7% 100% 38.8% 60% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023
Attached Dwelling Q1

Attached Dwelling Q1

Boulder County
Town of Superior Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 16 0.0% 16 -38.5% 26 Median Sales Price $529,900 -10.5% $592,111 -18.4% $649,300 Average Sales Price $584,771 2.4% $571,326 -7.6% $632,868 SP/LP Ratio 94.8% -10.1% 105.5% -5.2% 100.0% Average Market Time 136 369.0% 29 86.3% 73 Number of Sales YTD 7 -22.2% 9 -53.3% 15 Expired Listings 1 -50.0% 2 -66.7% 3 Months of Inventory 6.9 30.2% 5.3 32.7% 5.2 % Under Contract 50% -50.0% 100% -35.0% 77% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES MLS 4/5/2023
Boulder County
City of Broomfield Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 66 560.0% 10 214.3% 21 Median Sales Price $534,990 21.6% $440,000 18.2% $452,450 Average Sales Price $513,418 3.8% $494,470 15.8% $443,357 SP/LP Ratio 98.5% -5.8% 104.6% -2.9% 101.4% Average Market Time 76 130.3% 33 117.1% 35 Number of Sales YTD 55 266.7% 15 292.9% 14 Expired Listings 9 ----- 0 ---- 0 Months of Inventory 3.6 80.0% 2 -20.0% 4.5 % Under Contract 54% -32.5% 80% -43.2% 95% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES and RECO MLS 4/5/2023
Attached Dwelling Q1

Attached Dwelling Q1

Boulder County
Town of Erie Year 2023 % Change Year 2022 2 yr. Change Year 2021 Total Active Listings 42 2000.0% 2 425.0% 8 Median Sales Price $520,000 25.3% $415,000 31.6% $395,000 Average Sales Price $486,684 4.5% $465,882 20.2% $404,885 SP/LP Ratio 98.4% -3.0% 101.4% -2.1% 100.5% Average Market Time 78 160.0% 30 44.4% 54 Number of Sales YTD 26 160.0% 10 160.0% 10 Expired Listings 4 ----- 0 ----- 0 Months of Inventory 4.8 700.0% 0.6 100.0% 2.4 % Under Contract 64% 28.0% 50% -14.7% 75% 30 Year Mortgage 6.32% 51.6% 4.17% 105.2% 3.08% From IRES and RECO MLS 4/5/2023

Multi-Family Recap

Attached Dwelling Sold by Area Year - Q1 2023 2015​​ 2016​​ 2017​​ 2018​​ 2019​​ 2020​​ 2021​​ 2022​ 2023 Boulder​​ 141​​ 102​​ 119​​ 122​​ 100​​ 143​​ 159​​ 131​ 78 Louisville​​ 22​​ 11​​ 21​​ 15​​ 17​​ 30​​ 13​​ 9​ 8 Lafayette​​ 16​​ 24​​ 16​​ 23​​ 29​​ 27​​ 29​​ 31​ 20 Longmont​​ 58​​ 36​​ 74​​ 63​​ 60​​ 75​​ 59​​ 42​ 40 Sub. Plains​​ 22​​ 13​​ 24​​ 29​​ 24​​ 20​​ 32​​ 23​ 17 Superior​​ 5​​ 6​​ 10​​ 28​​ 16​​ 5​​ 15​​ 9​ 7 Boulder County​​ 258​​ 192​​ 265​​ 283​​ 246​​ 301​​ 308​​ 246​ 173 Broomfield​​ 14​​ 19​​ 19​​ 23​​ 16​​ 19​​ 14​​ 15​ 55 Erie​​ 8​​ 7​​ 12​​ 10​​ 17​​ 13​​ 10​​ 10​ 26
Attached Dwelling Median Sales Price - Q1 2023 2015​​ 2016​​ 2017​​ 2018​​ 2019​​ 2020​​ 2021​​ 2022​ 2023 Boulder​​ $315,000​ $388,000​ $395,000​ $508,750​ $440,000​ $575,000​ $479,000​ $569,000​ $566,000 Louisville​​ 322,050​​ 300,000​​ 405,360​​ 345,000​​ 435,000​​ 472,450​​ 422,900​​ 610,000​ 624,338 Lafayette​​ 224,875​​ 345,297​​ 395,000​​ 419,000​​ 415,000​​ 377,500​​ 438,000​​ 489,000​ 491,500 Longmont​​ 214,000​​ 250,000​​ 278,000​​ 328,362​​ 329,950​​ 365,000​​ 394,712​​ 443,500​ 473,960 Sub. Plains​​ 191,200​​ 276,000​​ 351,250​​ 319,900​​ 336,200​​ 333,750​​ 354,500​​ 415,000​ 435,000 Superior​​ 220,000​​ 353,500​​ 332,500​​ 462,393​​ 489,000​​ 390,000​​ 649,300​​ 592,111​ 529,900 Boulder County 267,500​​ 340,250​​ 360,000​​ 399,000​​ 389,000​​ 424,000​​ 431,000​​ 505,000​ 484,960 Broomfield​​ 237,388​​ 275,000​​ 390,000​​ 323,000​​ 390,000​​ 345,000​​ 452,450​​ 440,000​ 534,990 Erie​​ 171,750​​ 223,000​​ 254,500​​ 302,500​​ 337,400​​ 292,000​​ 395,000​​ 415,000​ 520,000
Attached Dwelling Average Sales Price - Q1 2023 2015​​ 2016​​ 2017​​ 2018​​ 2019​​ 2020​​ 2021​​ 2022​ 2023 Boulder​​ $403,884 $431,908 $492,570 $577,794 $511,030 $724,950​​ $611,546​​ $728,012 $644,716 Louisville​​ 354,742​​ 356,490​​ 398,065​​ 398,326​​ 449,640​​ 472,120​​ 456,192​​ 649,444​ 686,459 Lafayette​​ 221,380​​ 321,218​​ 379,687​​ 382,863​​ 415,200​​ 386,780​​ 424,072​​ 496,990​ 460,172 Longmont​​ 235,921​​ 261,971​​ 303,487​​ 344,267​​ 352,400​​ 359,640​​ 404,040​​ 465,978​ 486,068 Sub. Plains​​ 231,848​​ 294,253​​ 344,732​​ 374,474​​ 348,630​​ 336,795​​ 398,150​​ 509,127​ 455,594 Superior​​ 200,600​​ 356,500​​ 382,419​​ 452,305​​ 510,900​​ 457,660​​ 632,868​​ 571,326​ 584,771 Boulder County 335,943​​ 370,211​​ 408,570​​ 465,961​​ 440,960​​ 550,985​​ 526,021​​ 623,757​ 562,769 Broomfield​​ 262,220​​ 295,839​​ 369,288​​ 336,936​​ 369,740​​ 354,340​​ 443,357​​ 494,470​ 513,418 Erie​​ 176,250​​ 225,929​​ 277,462​​ 329,325​​ 339,900​​ 326,165​​ 404,885​​ 465,882​ 486,684
This representation is based in whole or in part on data supplied by IRES MLS for the time period above
6th,
PRICE RANGE # SOLD # ON MARKET MONTHS OF INVENTORY # Listed 1st Qtr 2023 $0 - $99,999 0 0 0 0 $100,000 - 149,999 0 0 0 0 $150,000 - 199,999 1 2 6 2 $200,000 - 249,999 5 1 1 1 $250,000 - 299,999 8 1 0 1 $300,000 - 349,999 16 5 1 5 $350,000 - 399,999 12 15 4 13 $400,000 - 449,999 24 8 1 3 $450,000 - 499,999 27 7 1 5 $500,000 - 549,999 20 8 1 6 $550,000 - 599,999 10 4 1 3 $600,000 - 649,999 8 11 4 10 $650,000 - 699,999 11 6 2 6 $700,000 - 749,999 3 3 3 2 $750,000 - 799,999 5 5 3 4 $800,000 - 999,999 12 15 4 12 $1,000,000 - 11 25 7 19 TOTALS: 173 116 2.01 92
Prepared by RE/MAX of Boulder, Inc. For Boulder County on April
2023

Luxury Market

$1M + Boulder County

Single Family and Attached Dwelling

Through 1st Quarter 2023​

Active​​​​ SOLD​​​​​ DOM​​​​​ U/C​​​​ % Sales over ​​$1 Million​​​​ 2015​​​​​ 214​​​​​ 54​​​​​ 107​​​​​ 18%​​​​​ 8.8%​ 2016​​​​​ 256​​​​​ 61​​​​​ 103​​​​​ 25%​​​​​ 11.3%​ 2017​​​​​ 269​​​​​ 69​​​​​ 103​​​​​ 25%​​​​​ 12.5%​ 2018​​​​​ 261​​​​​ 95​​​​​ 87​​​​​ 28%​​​​​ 15.8%​ 2019​​​​​ 304​​​​​ 94​​​​​ 83​​​​​ 23%​​​​​ 16.3%​ 2020​​​​ 258​​​​ 145​​​​ 101​​​​ 19%​​​​ 15.0%​​​​ 2021​​​ 241​​​ 138​​​ 75​​​ 48%​​​ 24.3%​​​ 2022​​ 216​​ 215​​ 57​​ 62%​​ 30.2%​​ 2023​ 338​ 166​ 78​ 25%​ 31.4%​

Single Family Through 1st Quarter​​

$1,000,000 – $2,000,000
​Boulder County​ 2017​​​ 2018​​​ 2019​​​ 2020​​​ 2021​​ 2022​ 2023 Total Active Listings​​​ 36​​​ 108​​ 101​ 151 % Under Contract​​​ 24.3%​​​ 66%​​ 64%​ 37.1% Number Sold 62​​​ 73​​​ 69​​​ 91​​​ 124​​ 132​ 101 Average Days on Mkt​​​ 110​​​ 84​​​ 67​​​ 78​​​ 73​​ 45​ 61 % of Total Market Sold​​​ 11.1%​​​ 11.9%​​​ 11.9%​​​ 13.7%​​​ 21.8%​​ 28.3%​ 28.7% ​City of Boulder​ 2017​​​ 2018​​​ 2019​​​ 2020​​​ 2020​​​ 2022​ 2023 Total Active Listings​​​ 60​​​ 45​​ 38​ 63 % Under Contract​​​ 18.3%​​​ 64.4%​​ 81.6%​ 34.9% Number Sold 32​​​ 41​​​ 38​​​ 55​​​ 68​​ 59​ 43 Average Days on Mkt​​​ 77​​​ 69​​​ 63​​​ 68​​​ 61​​ 39​ 41 % of SF Market Sold​​​ 28.3%​​​ 28.7%​​​ 35.5%​​​ 38.5%​​​ 50%​​ 50.90%​ 43.4%

$2,000,000 and up Single Family Through 1st Quarter​​

Boulder County​ 2017​​​ 2018​​​ 2019​​​ 2020​​​ 2021​​ 2022​ 2023 Total Active Listings​​​ 78​​​ 98​​ 67​ 158 % Under Contract​​​ 5.1%​​​ 35.7%​​ 41.8%​ 15.8% Number Sold 7​​​ 25​​​ 25​​​ 27​​​ 47​​ 55​ 53 Average Days on Mkt​​​ 128​​​ 99​​​ 129​​​ 136​​​ 91​​ 59​ 112 % of Total Market Sold​​​ 1.3%​​​ 4.1%​​​ 4.3%​​​ 4.1%​​​ 8.3%​​ 11.8%​ 15.1% ​City of Boulder​ 2017​​​ 2018​​​ 2019​​​ 2020​​​ 2021​​ 2022​ 2023 Total Active Listings​​​ 35​​​ 53​​ 31​ 89 % Under Contract​​​ 2.9%​​​ 45.3%​​ 48.4%​ 16.9% Number Sold 5​​​ 18​​​ 17​​​ 17​​​ 28​​ 32​ 32 Average Days on Mkt​​​ 139​​​ 81​​​ 92​​​ 71​​​ 72​​ 65​ 80 % of total market sold​​​ 4.4%​​​ 12.6%​​​ 15.9%​​​ 11.9%​​​ 20.6%​​ 27.6%​ 32.3%

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