MICROMARKET REPORT |
Boulder • Mid-Year 2018
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: 6600 South Boulder Road, Boulder
coloradomicroreports.com
BOULDER market update Boulder County real estate continues to be one of the best performing investments, in addition to providing one of the most attractive lifestyles in the country. Strong employment, and net migration has created a market where demand seems to constantly outpace supply, resulting in a fast-moving and competitive “seller’s market” in most areas. The number of single family homes sold remained the same year-over-year, holding at 2,271. The average sales price in Boulder County increased a significant 10% year-over-year, from $611,510 in 2017, to $672,465 January through June 2018. Across the board, days on market held steady year-over-year, at 57 days January through June 2018, an excellent time frame in the Boulder County real estate market. The number of days a home Boulder remains on the market averages just two months, which demonstrates extremely competitive conditions in the area’s highly desirable marketplace.
BOULDER COUNTY
January through June
Highlights from the Boulder County area include the average price in University Hill & Chautauqua rising to $1,762,769, up 55.1% from 2017, and Downtown Boulder’s average price for condos, townhomes, and duplexes rising to $786,219, up 37.2% from 2017. Longmont’s average price for all properties rose to $474,968, up 8.9%, from 2017, and the Mountain & Canyon Communities of Boulder County’s average price for all properties rose to $517,354, up 12.5% from 2017.
2017
2018
% Change
New Listings
3,606
3,435
-4.7%
Sold Listings (All Properties)
2,249
2,271
1.0%
Sold Single Family
1,607
1,578
-1.8%
642
693
7.9%
56
57
1.8%
$611,510
$672,465
10.0%
99.7%
99.5%
-0.2%
$1,375,287,099
$1,527,168,771
11.0%
Sold Condo Average Days on Market Average Price % Sold Price to Original List Price Total Dollar Volume Sold
All Properties
Overall, the Boulder real estate market remains one of the most desirable places to live in the country. The Boulder metropolitan statistical area ranked 68th of 253 top markets by the Federal Housing Finance Authority in their most recent quarterly report, further exemplifying the attractive lifestyle that Boulder offers buyers.
livsothebysrealty.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.
MICROMARKET REPORT | Boulder MID -YEAR 2018 • COLORADOMICROREPORTS.COM
CITY OF BOULDER January through June
2017
New Listings
2018
% Change
1,351
1,338
-1.0%
Sold Listings (All Properties)
817
843
3.2%
Sold Single Family
478
475
-0.6%
Sold Condo
339
368
8.6%
60
56
-6.7%
$808,417
$903,937
11.8%
98.7%
99.0%
0.3%
Average Days on Market Average Price % Sold Price to List Price
CENTRAL & HISTORIC BOULDER January through June
2017
2018
Average Price
$1,510,751
$1,541,465
2.0%
62
60
-3.2%
$6,700,000
$5,200,000
-22.4%
78
85
9.0%
99.0%
99.0%
0.0%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Historic Boulder is famed for its pedestrian-friendly mall, lined with the city’s acclaimed restaurants, bookstores, boutiques, sidewalk cafes, and plaques that highlight the area’s history.
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
2017
2018
% Change
$573,195
$786,219
37.2%
52
81
55.8%
$2,187,500
$5,500,000
151.4%
66
67
1.5%
100.0%
99.0%
-1.0%
coloradomicroreports.com
55.1%
The average price for University Hill & Chautauqua increased by 55.1% January through June 2018 compared to that of 2017.
UNIVERSITY HILL & CHAUTAUQUA January through June
2017
2018
Average Price
$1,136,717
$1,762,769
55.1%
71
51
-28.2%
$3,100,000
$4,750,000
53.2%
49
39
-20.4%
96.0%
99.0%
3.1%
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
2017
$749,847
10.2%
44
48
9.1%
$1,850,000
$3,290,000
77.8%
140
136
-2.9%
99.0%
100.0%
1.0%
Properties Sold % Sold Price to List Price
% Change
$680,633
Average Days on Market Highest Price
2018
Devil’s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows
11.1%
The average price for East Boulder and Gunbarrel increased by 11.1% January through June 2018 compared to that of 2017.
EAST BOULDER & GUNBARREL January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$585,065
$649,977
11.1%
54
50
-7.4%
$2,682,000
$3,380,000
26.0%
271
341
25.8%
99.0%
99.0%
0.0%
Wonderland Hill,Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay’s Orchard, Moores
MICROMARKET REPORT | Boulder livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
NORTH BOULDER January through June Average Price
2017
$972,687
12.7%
61
56
-8.2%
$2,575,000
$2,615,317
1.6%
149
135
-9.4%
100.0%
99.0%
-1.0%
Properties Sold % Sold Price to List Price
% Change
$863,134
Average Days on Market Highest Price
2018
LOUISVILLE January through June Average Price
2017
$664,816
6.8%
55
45
-18.2%
$1,280,000
$1,575,000
23.0%
156
130
-16.7%
101.0%
101.0%
0.0%
Properties Sold % Sold Price to List Price
% Change
$622,661
Average Days on Market Highest Price
2018
Northern Boulder boasts more than 220+ artists and creative industries along its popular Broadway Street.
6.8%
The average price in Louisville increased by 6.8% January through June 2018 compared to that of 2017.
SUPERIOR January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$574,112
$560,511
-2.4%
43
84
95.3%
$1,087,242
$972,000
-10.6%
84
92
9.5%
103.0%
100.0%
-2.9%
coloradomicroreports.com
LAFAYETTE January through June Average Price
2017
$544,445
4.9%
52
38
-26.9%
$1,520,000
$1,600,000
5.3%
199
201
1.0%
101.0%
101.0%
0.0%
Properties Sold % Sold Price to List Price
7.5%
January through June 2018, the average price in Erie and Southwest Weld County increased by 7.5% compared to that 2017.
% Change
$519,061
Average Days on Market Highest Price
2018
ERIE/SOUTHWEST WELD COUNTY January through June Average Price
2017
$510,526
7.5%
49
51
4.1%
$997,500
$1,155,277
15.8%
218
250
14.7%
100.0%
99.0%
-1.0%
Properties Sold % Sold Price to List Price
% Change
$474,827
Average Days on Market Highest Price
2018
Frederick, Firestone, Dacono
LONGMONT January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$436,296
$474,968
8.9%
51
56
9.8%
$1,287,402
$1,362,500
5.8%
795
781
-1.8%
100.3%
100.0%
-0.3%
MICROMARKET REPORT | Boulder livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
LYONS January through June Average Price
2017
$593,545
18.9%
92
104
13.0%
$884,143
$1,594,000
80.3%
48
66
37.5%
98.1%
95.5%
-2.7%
Properties Sold % Sold Price to List Price
% Change
$499,167
Average Days on Market Highest Price
2018
BOULDER COUNTY PLAINS January through June Average Price
2017
$890,574
9.6%
74
63
-14.9%
$5,475,000
$3,475,000
-36.5%
220
238
8.2%
97.0%
98.0%
1.0%
Properties Sold % Sold Price to List Price
% Change
$812,316
Average Days on Market Highest Price
2018
Niwot, Hygiene, Sommerset Estates, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills
Situated at the intersection of State Highway 7 and U.S. Highway 36, Lyons is often referred to as “The Double Gateway to the Rockies”.
9.6%
The average price in the Eastern Boulder County Plains increased by 9.6% in January through June 2018 compared to that of 2017.
FOOTHILLS COMMUNITIES January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$931,860
$963,328
3.4%
87
83
-4.6%
$2,360,000
$3,650,000
54.7%
59
63
6.8%
98.0%
97.0%
-1.0%
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
coloradomicroreports.com
12.5%
January through June 2018, the average price in the Mountain and Canyon Communities increased by 12.5% compared to that of 2017.
MOUNTAIN & CANYON COMMUNITIES January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$459,850
$517,354
12.5%
86
97
12.8%
$1,095,000
$1,640,000
49.8%
97
104
7.2%
98.0%
97.0%
-1.0%
Nederland, Allenspark, Coal Creek Canyon, Golden Gate Canyon, Gilpin, Jefferson County
NUMBER OF DAYS OF SUNSHINE: 300
BOULDER COUNTY PARKS: 60
ACRES OF PRESERVED OPEN SPACE: 45,000
MICROMARKET REPORT | Boulder livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
IMAGINE.
Introducing CURATE by Sotheby ’s International Realty Sotheby’s International Realty is the first real estate brand to launch and implement a virtual staging augmented reality (AR) app:
DESIGN.
Curate by Sotheby’s International Realty. This mobile app brings a home’s virtual staging images from 2-D perception into augmented reality, allowing customers to visualize a house as their own before purchase, thereby curating the homebuying experience.
SHOP.
Available now for download in the Google Play Store and the iOS App Store.
WHY COLORADO?
NATIONAL PARKS: 4
MOUNTAIN RANGES: 7
AVERAGE DAYS OF SUNSHINE ANNUALLY: 300
SKI AREAS & RESORTS: 28
CRAFT BREWERIES: 350+
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.