NEIGHBORHOOD MICROMARKET REPORT |
January through June
2016
2017
% Change
Average Price Boulder • Mid-Year 2017 Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
MICROMARKET REPORT | Denver Metro 303.893.3200
page 1
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
BOULDER COUNTY NEIGHBORHOODS 15
3
1.
Mountain & Canyon Communities
2.
Foothills Communities
3. Lyons 4. 2
North Boulder
5. Downtown
10
14
4
9
6.
University Hill & Chautauqua
7.
Central Boulder & Historic District
8.
South Boulder
9.
East Boulder & Gunbarrel
10.
Eastern Boulder County Plains
11. Superior 12. Louisville
1
5
7
13. Lafayette 14. Erie 15. Longmont
6
13 8
11
12
Pictured on cover: 1820 Deer Valley Road, Boulder
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BOULDER Market Introduction The Boulder County real estate market continues to be one of the hottest in the country in terms of price appreciation, number of units sold, and overall sales volume on a per capita basis. The number of sold listing in the first half of 2017 is up 4.9% from the same time period in 2016, with 2,222 transactions from January to June. The Boulder metropolitan area ranked 12th in the nation for the highest rate of appreciation in the federal government’s most recent report (fhfa.gov). Colorado is #2 on the list (after Washington, D.C.) with 10.73% appreciation in the last 12 months. We are now entering our third consecutive year of double-digit annual appreciation. The Micro Market Report shows the uneven nature of this overly broad metric. The balance between inventory (supply) and buyers in the market (demand) varies widely between communities, property types and price ranges. Louisville and Lafayette, where supply is very low, also saw a 36.6% rise in properties sold year-over-year. Average price is up 9.6%, and the average sold price to list price ratio is 101.2% - that’s a hot market! Similarly, Lafayette’s number of sales has increased 17.8%, and the average price has increased 15.8%. On the other hand, Mountain and Canyon Communities have larger inventories of available listings, and not as much demand as there once was for this property type and lifestyle. The number of properties sold there have decreased by -9.5% in the last year, and average price dipped -1.7%. The “market” desires convenience and amenities, over privacy and space, in terms of location. It also desires new and modern, over established or traditional home types.
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BOULDER COUNTY January through June
2016
2017
% Change
New Listings
1,860
1,821
-2.1%
Sold Listings (All Properties)
2,118
2,222
4.9%
Sold Single Family
1,556
1,589
2.1%
562
633
12.6%
64
50
-21.9%
$588,024
$612,433
4.2%
100.2%
99.5%
-0.7%
$1,245,434,720
$1,360,825,637
9.3%
Sold Condo Average Days on Market Average Price % Sold Price to Original List Total Dollar Volume Sold
All Properties
January through June 2017,
2,222
homes sold for an average of
$612,433
or, $1,360,825,637 total dollar volume sold.
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 MID-YEAR 2017 •COLORADOMICROREPORTS.COM
CITY OF BOULDER January through June
2016
2017
% Change
New Listings
965
664
-31.2%
Sold Listings (All Properties)
772
808
4.7%
Sold Single Family
469
473
0.9%
Sold Condo
303
335
10.6%
64
56
-12.5%
$796,459
$809,420
1.6%
100.1%
98.7%
-1.4%
Average Days on Market Average Price % Sold Price to List Price
CENTRAL & HISTORIC BOULDER January through June
2016
Average Price
$1,369,577
$1,509,658
10.2%
72
62
-13.9%
$3,950,000
$6,700,000
69.6%
80
77
-3.8%
99.4%
98.7%
-0.7%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
10.2%
January through June 2017, the average price in Central and Historic Boulder increased by 10.2% compared to that of 2016.
Mapleton Hill, Whittier, Newlands, Green Meadows, Sunset Hill, Panorama Heights
DOWNTOWN BOULDER January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$576,089
$573,196
-0.5%
55
52
-5.5%
$1,600,000
$2,187,500
36.7%
67
66
-1.5%
100.8%
99.6%
-1.2%
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UNIVERSITY HILL & CHAUTAUQUA University Hill, located in southwest Boulder, is easily within walking distance of the famed Chautauqua Park, the University of Colorado, as well as shops and services. Chautauqua real estate is very convenient for buyers looking for property that offers an easy commute to the downtown core.
January through June
2016
2017
Average Price
$1,047,796
$1,136,717
8.5%
45
71
57.8%
$3,400,000
$3,100,000
-8.8%
38
49
28.9%
99.2%
96.3%
-2.9%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Floral Park, Geneva Park, Bellevue, Rose Hill, Columbine, Interurban Park
SOUTH BOULDER January through June Average Price
2016
$680,854
-6.0%
46
44
-4.3%
$3,100,000
$1,850,000
-40.3%
135
139
3.0%
101.7%
99.4%
-2.2%
Properties Sold % Sold Price to List Price
% Change
$724,412
Average Days on Market Highest Price
2017
Devil’s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows
3.5%
The number of properties sold for East Boulder and Gunbarrel increased by 3.5% January through June 2017 compared to that of 2016.
EAST BOULDER & GUNBARREL January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$584,597
$588,714
0.7%
50
55
10.0%
$2,600,000
$2,682,000
3.2%
257
266
3.5%
100.6%
99.2%
-1.4%
Wonderland Hill,Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay’s Orchard, Moores
MICROMARKET REPORT | Boulder livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
NORTH BOULDER January through June Average Price
2016
$861,771
-2.5%
67
61
-9.0%
$2,500,000
$2,575,000
3.0%
160
148
-7.5%
100.1%
99.8%
-0.3%
Properties Sold % Sold Price to List Price
% Change
$883,833
Average Days on Market Highest Price
2017
LOUISVILLE January through June Average Price
2016
$622,661
9.6%
52
55
5.8%
$999,000
$1,280,000
28.1%
114
156
36.8%
100.7%
101.2%
0.5%
Properties Sold % Sold Price to List Price
% Change
$568,243
Average Days on Market Highest Price
2017
Quiet residential streets give North Boulder a distinct neighborhood feeling, yet a growing retail and restaurant scene make NoBo (as it is called by locals), one of the best places to live in Boulder right now.
36.8%
The number of properties sold in Louisville increased by 36.8% January through June 2017 compared to that of 2016.
SUPERIOR January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$574,892
$574,113
-0.1%
36
43
19.4%
$1,107,287
$1,087,242
-1.8%
85
84
-1.2%
107.3%
103.2%
-3.8%
coloradomicroreports.com
LAFAYETTE January through June Average Price
2016
$519,061
15.8%
81
52
-35.8%
$1,250,000
$1,520,000
21.6%
169
199
17.8%
101.1%
100.6%
-0.5%
Properties Sold % Sold Price to List Price
8.2%
January through June 2017, the average price in Erie and Southwest Weld County increased by 8.2% compared to that 2016.
% Change
$448,322
Average Days on Market Highest Price
2017
ERIE/SOUTHWEST WELD COUNTY January through June Average Price
2016
$407,100
8.2%
58
55
-5.2%
$1,008,000
$1,062,500
5.4%
591
587
-0.7%
99.9%
99.7%
-0.2%
Properties Sold % Sold Price to List Price
% Change
$376,245
Average Days on Market Highest Price
2017
Frederick, Firestone, Dacono
LONGMONT January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$365,100
$399,433
9.4%
59
49
-16.9%
$1,067,500
$1,287,402
20.6%
660
699
5.9%
101.0%
100.6%
-0.4%
MICROMARKET REPORT | Boulder livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
LYONS January through June Average Price
2016
$570,854
10.5%
92
81
-12.0%
$791,000
$884,143
11.8%
21
24
14.3%
98.9%
99.1%
0.2%
Properties Sold % Sold Price to List Price
% Change
$516,638
Average Days on Market Highest Price
2017
BOULDER COUNTY PLAINS January through June Average Price
2016
$816,590
6.9%
75
74
-1.3%
$2,750,000
$5,475,000
99.1%
228
218
-4.4%
98.6%
96.8%
-1.9%
Properties Sold % Sold Price to List Price
% Change
$763,560
Average Days on Market Highest Price
2017
Niwot, Hygiene, Sommerset Estates, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills
6.9%
The average price in the Eastern Boulder County Plains increased by 6.9% in January through June 2017 compared to that of 2016.
FOOTHILLS COMMUNITIES January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$891,039
$927,237
4.1%
111
88
-20.7%
$3,069,000
$2,360,000
-23.1%
54
58
7.4%
96.5%
97.6%
1.1%
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
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2.2%
MOUNTAIN & CANYON COMMUNITIES January through June Average Price Average Days on Market
January through June 2017, the percent sold price to list price in the Mountain and Canyon Communities increased by 2.2% compared to that of 2016.
NUMBER OF DAYS OF SUNSHINE: 300
Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$465,584
$457,470
-1.7%
133
87
-34.6%
$3,000,000
$1,095,000
-63.5%
105
95
-9.5%
96.0%
98.2%
2.2%
Nederland, Allenspark, Coal Creek Canyon, Golden Gate Canyon, Gilpin, Jefferson County
BOULDER COUNTY PARKS: 60
ACRES OF PRESERVED OPEN SPACE: 45,000
MICROMARKET REPORT | Boulder livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
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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.