MICROMARKET REPORT
BOULDER | Q1 2020
BOULDER/NORTH METRO NEIGHBORHOODS 1.
Mountain & Canyon Communities
15
3
2. Foothills Communities 3. Lyons 4. North Boulder 5. Downtown 6. University Hill & Chautauqua 7. Central Boulder & Historic District
2 10
4
8. South Boulder
14
9. East Boulder & Gunbarrel 10. Eastern Boulder County Plains 9
11. Superior 12. Louisville
5
7
13. Lafayette 14. Erie 15. Longmont
1 6
16. Broomfield 17. Westminster 18. Arvada
13
8
16 11 18 17 12
Pictured on cover: 350 15th Street, Boulder
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BOULDER MARKET UPDATE Located at the base of Colorado’s famous Rocky Mountains lies the lively and unique city of Boulder. Just a halfhour northwest of Denver, this area has all of the amenities of a metropolitan city, on a smaller scale. With its strong community feel, Boulder offers its residents plenty of activities to choose from all year round. Head to Pearl Street to test some of Boulder’s best selection of restaurants, browse through local boutiques, and find a spot to sip a cocktail and enjoy live music to listen to. When the weather is nice, you’ll want to head outdoors for hiking, biking, rock climbing, and more. Since this city is so close to the mountains, adventures are easily accessible. No matter your lifestyle, hobbies, or interests, Boulder will have something for you. LIV Sotheby’s International Realty produces a Micro Market Report focused on Boulder County and each of the unique neighborhoods within it. The report examines key performance indicators from Q1 of 2020 and compares them to the same time period of 2019. Boulder County has seen a 20.9% increase in total sold sales volume, likely as the result of Boulder County’s 14.6% increase in overall sold properties. Throughout Q1 in 2020, there were 960 sold homes compared to 2019 when there were 838 sold homes.
BOULDER COUNTY January through March
2019
2020
% Change
New Listings
1,511
1412
-6.6%
Sold Listings (All Properties)
838
960
14.6%
Sold Single Family
584
658
12.7%
Sold Attached Dwellings
252
300
19.0%
Average Days on Market Average Price % Sold Price to Original List Price Total Dollar Volume Sold
67
75
11.9%
$668,094
$709,294
6.2%
98.2%
97.7%
-0.5%
$559,862,483
$676,666,335
20.9%
Out of all of the communities within Boulder County, Downtown Boulder saw the most impressive rise in the number of homes sold, increasing by 400% from Q1 of 2019 when three homes were sold, to Q1 of 2020 when 15 homes were sold. Further illustrating this area’s popularity, the average days on market for this community dropped by 39.5% to 118 days, showing that interested buyers are acting more quickly. The Central and Historic Boulder community experienced the largest increase in average price, up 27.3% in Q1 of 2020 compared to the same time frame in 2019. The average price for a home in this area is $1,307,792, up from Q1 of 2019 when the average price was $1,027,225. Ideal for all ages and lifestyles, Boulder is a beautiful city to buy and sell primary residences or second homes in. This Colorado community’s real estate market is healthy and continually growing as more people decide to call the Boulder area home.
Based on Information from IRES, LLC and REColorado. This representation is based in whole or in part on data supplied by IRES, LLC and REColorado. IRES, LLC and REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by IRES, LLC and REColorado may not reflect all real estate activity in the market.
MICROMARKET REPORT | Boulder JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
CITY OF BOULDER
20.4%
The number of sold listings in the City of Boulder increased by 20.4% January through March 2020 compared to that of 2019.
January through March
2019
2020
% Change
New Listings
590
581
-1.5%
Sold Listings (All Properties)
289
348
20.4%
Sold Single Family
167
188
12.6%
Sold Condo
122
158
29.5%
68
84
23.5%
$930,182
$1,003,339
7.9%
98.2%
96.9%
-1.3%
Average Days on Market Average Price % Sold Price to List Price
CENTRAL & HISTORIC BOULDER January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,027,255
$1,307,792
27.3%
68
100
47.1%
$4,500,000
$5,910,000
31.3%
42
61
45.2%
97.9%
98.9%
1.0%
Mapleton Hill, Whittier, Newlands, Green Meadows, Sunset Hill, Panorama Heights
2040 16th Street, Boulder
DOWNTOWN BOULDER
Stroll along our popular
January through March
pedestrian mall and
Average Price
enjoy a great selection of
Average Days on Market
restaurants, bookstores,
Highest Price
boutiques, and sidewalk cafes in Downtown Boulder.
Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,208,000
$1,199,283
-0.7%
195
118
-39.5%
$1,735,000
$2,600,000
49.9%
3
15
400.0%
94.8%
95.5%
0.7%
coloradomicroreports.com
UNIVERSITY HILL & CHAUTAUQUA January through March Average Price
2019
2020
% Change
$1,317,390
$1,578,996
19.9%
63
71
12.7%
$3,900,000
$3,700,000
-5.1%
20
16
-20.0%
96.8%
97.2%
0.4%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Floral Park, Geneva Park, Bellevue, Rose Hill, Columbine, Interurban Park
695 11th Street, Boulder
12.9%
SOUTH BOULDER January through March Average Price Average Days on Market
The average days on market for South Boulder
Highest Price
decreased by 12.9% January through March
Properties Sold
2020 compared to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$855,088
$875,727
2.4%
70
61
-12.9%
$3,304,800
$2,950,000
-10.7%
32
54
68.8%
99.2%
99.6%
0.4%
Devil’s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows
NORTH BOULDER January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,037,609
$962,577
-7.2%
59
76
28.8%
$4,500,000
$4,000,000
-11.1%
61
68
11.5%
98.4%
96.9%
-1.5%
Wonderland Hill,Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay’s Orchard, Moores
2930 Broadway Street, Boulder
Boulder MICROMARKET MICROMARKETREPORT REPORT| |Boulder livsothebysrealty.com
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4.7%
The number of properties sold for East Boulder & Gunbarrel increased by 4.7% January through March 2020 compared to that of 2019.
EAST BOULDER & GUNBARREL January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
LOUISVILLE January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$691,810
$731,055
5.7%
57
79
38.6%
$3,000,000
$7,400,000
146.7%
106
111
4.7%
99.4%
96.1%
-3.3%
Louisville is successfully 2019
2020
% Change
$655,672
$615,397
-6.1%
new, Old Town’s Main
48
89
85.4%
Street is lined with new
$1,870,000
$1,560,000
-16.6%
shops and restaurants
59
61
3.4%
that are housed in historic
99.6%
99.2%
-0.4%
wooden buildings.
blending the old and the
SUPERIOR January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$565,429
$627,092
10.9%
64
52
-18.8%
$875,000
$1,022,608
16.9%
32
31
-3.1%
99.3%
99.6%
0.3%
920 E Riverbend Street, Superior
coloradomicroreports.com
LAFAYETTE January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$545,651
$555,720
1.8%
55
69
25.5%
$1,050,000
$2,500,000
138.1%
83
85
2.4%
99.1%
98.5%
-0.6%
1881 Pioneer Circle, Lafayette
27.6%
ERIE/SOUTHWEST WELD COUNTY January through March Average Price Average Days on Market
The highest price for Erie/Southwest Weld County
Highest Price
increased by 27.6% January through March 2020
Properties Sold
compared to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$441,117
$456,834
3.6%
66
58
-12.1%
$980,000
$1,250,000
27.6%
257
282
9.7%
98.9%
99.1%
0.2%
Frederick, Firestone, Dacono
LONGMONT January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$473,738
$501,186
5.8%
67
72
7.5%
$2,975,000
$2,385,000
-19.8%
309
357
15.5%
97.3%
98.4%
1.1%
8195 N 81st Street, Longmont
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JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
1.7%
LYONS January through March Average Price Average Days on Market
The average price for Lyons increased by 1.7%
Highest Price
January through March 2020 compared to that
Properties Sold
of 2019.
% Sold Price to List Price
2019
2020
% Change
$509,664
$518,182
1.7%
102
105
2.9%
$850,000
$710,000
-16.5%
15
11
-26.7%
97.4%
98.5%
1.1%
BOULDER COUNTY PLAINS January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
With close access to
$1,060,653
$949,643
-10.5%
the city of Boulder and
71
84
18.3%
surrounding areas, Boulder
$2,750,000
$2,465,000
-10.4%
County Plains provides
24
20
-16.7%
endless views of the
98.5%
96.1%
-2.4%
Boulder Flatirons.
Niwot, Somerset Meadows, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills
FOOTHILLS COMMUNITIES January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$967,483
$1,013,750
4.8%
168
77
-54.2%
$2,500,000
$1,595,000
-36.2%
6
4
-33.3%
99.1%
98.8%
-0.3%
Pine Brook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
1133 Timber Lane, Boulder
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MOUNTAIN & CANYON COMMUNITIES January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$503,386
$534,637
6.2%
109
88
-19.3%
$1,100,000
$1,250,000
13.6%
22
21
-4.5%
97.0%
97.0%
0.0%
Nederland, Allenspark, Coal Creek Canyon, Golden Gate Canyon, Gilpin, Jefferson County
38619 Boulder Canyon Drive, Boulder
BROOMFIELD
Founded in 1877, Broomfield offers a variety
January through March
of housing options from
Average Price
affordable starter homes
Average Days on Market
to million dollar mansions
Highest Price
suitable for any buyer.
Properties Sold % Sold Price to List Price
2019
2020
% Change
$503,448
$533,369
5.9%
37
37
0.0%
$1,600,000
$1,100,000
-31.3%
223
221
-0.9%
99.5%
100.0%
0.5%
WESTMINSTER January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$374,588
$404,313
7.9%
27
23
-14.8%
$850,000
$1,470,000
72.9%
353
364
3.1%
99.7%
100.0%
0.3%
9731 Eaton Street, Westminster
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MICROMARKET REPORT | Boulder MICROMARKET REPORT | Boulder
JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
9.1%
ARVADA January through March Average Price Average Days on Market
The average days on market for the city of
Highest Price
Arvada decreased by 9.1% January through
Properties Sold
March 2020 compared to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$452,977
$472,736
4.4%
33
30
-9.1%
$1,100,000
$940,000
-14.5%
497
522
5.0%
100.0%
100.0%
0.0%
WHY COLORADO? NATIONAL PARKS: 4
MOUNTAIN RANGES: 7
SKI AREAS & RESORTS: 28
AVERAGE DAYS OF SUNSHINE ANNUALLY: 300
CRAFT BREWERIES: 350+
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The life you love.
livsothebysrealty.com | coloradomicroreports.com Based on Information from IRES, LLC and REColorado. This representation is based in whole or in part on data supplied by IRES, LLC and REColorado. IRES, LLC and REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by IRES, LLC and REColorado may not reflect all real estate activity in the market.