QUARTER 1 2022
Micro Market Report BOULDER
1044 White Hawk Ranch Drive
333 - 375 Bellevue Drive
Boulder
MARKET UPDATE
Just north of Denver, the Boulder County community has something for everyone. Here, hundreds of miles of hiking and biking trails offer easy access to some of the Front Range’s most beautiful natural spaces while the community’s business, arts, and entertainment scene provide ample opportunity for creating the life you love every day. For these reasons, the area has been a long-time favorite destination for buying and selling homes in Colorado. 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 January through March of 2022 and compares them to the same period in 2021. In comparison to the real estate boom that was observed here during the same period last year, Boulder County saw a 20.8% decrease in the number of listings sold. The average sold price for homes in this community was $980,833 through March. Those listings sold spent an average of 57 days on the market – a 12.3% decrease from Q1 of 2021. While most neighborhoods within the Boulder County community saw slight decreases in total property sales as well, North Boulder remained steady. Two miles north of Downtown Boulder lies North Boulder (commonly referred to as NoBo), a quiet residential neighborhood with parks, trails, and a growing retail and restaurant scene. Here there were an impressive 69 homes sold during Q1 of this year. The average price of homes in this neighborhood appreciated by 2.6% to reach $1,081,301. The average price for sold homes in the popular University Hill and Chautauqua neighborhood remained the same in Q1 of 2022 as it did in Q1 of 2021. Homes in this neighborhood, which is situated at the base of the famous Flatirons, sold for an average price of $1,616,360. In Downtown Boulder, listings have appreciated by 26.1% to bring the average sale
price to $1,556,190 – a significant increase from the same time just one year ago. Days on market is an important indicator that shows how quickly homes are selling and can often reflect the demand for real estate in a given area. In Downtown Boulder, the average days on market decreased by 37.5%, dipping from 16 days down to an average of 10 days on market – the shortest average time within the Boulder County community. The Foothills Communities, which includes Pinebrook Hills, Boulder Heights, Lake of Pines, Jamestown, and Eldorado Springs, saw a 24.1% decrease in the average days on market. Homes in these neighborhoods are selling within an average of 60 days. This slowing pace in the Foothills market allows buyers to find their dream homes on a less hasty timeline, making the buying process more enjoyable and often yielding them better results. Boulder is an incredible place to live with convenient access to culture, city life, and captivating mountain views. The real estate market in this area continues to show signs of strength and growth as it attracts more consumers to its thriving communities.
BOULDER COUNTY January through March
2021
2022
% Change
New Listings
1,116
973
-12.8%
Sold Listings (All Properties)
937
742
-20.8%
Sold Single Family
573
466
-18.7%
Sold Condos
311
246
-20.9%
Average Days on Market
65
57
-12.3%
$823,664
$980,833
19.1%
99.83%
103.30%
3.5%
$771,772,762
$727,778,009
-5.7%
Average Price % Sold Price to List Price Total Sold Sales Volume
Counties: Boulder
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.
coloradomicroreports.com
BOULDER
NEIGHBORHOODS 1.
Arvada
5. Downtown Boulder
9. Lafayette
14. North Boulder
2. Boulder County Plains
6. East Boulder & Gunbarrel
10. Longmont
15. South Boulder
3. Broomfield
7.
Erie/Southwest
11. Louisville
16. Superior
Weld County
12. Lyons
17. University Hill &
4. Central Boulder & Historic District
8. Foothills Communities
13. Mountain & Canyon Communities
Chautauqua 18. Westminster
12
8
10
14
2
7 6
13
5
4
17
15
1 16 18 11
9 3
MICRO MARKET REPORT | Boulder livsothebysrealty.com
JANUARY - MARCH 2022 • COLORADOMICROREPORTS.COM
BOULDER (CITY) ARVADA BOULDER COUNTY PLAINS
64.6%
2021
2022
% Change
New Listings
452
414
-8.4%
Sold Listings (All Properties)
412
327
-20.6%
Sold Single Family
204
161
-21.1%
The average home price in Boulder
Sold Condos
186
151
-18.8%
increased by 64.6% in the first quarter
Average Days on Market
76
57
-25.0%
of 2022 compared to that of 2021.
Average Price
$479,295
$789,098
64.6%
% Sold Price to List Price
102.3%
105.6%
3.2%
January through March
2021
2022
% Change
$570,605
$610,893
7.1%
34
111
226.5%
$1,100,000
$1,043,546
-5.1%
36
32
-11.1%
102.7%
103.4%
0.7%
$20,541,766
$19,548,588
-4.8%
Northwest of Denver, Arvada holds the spot as Colorado’s eighth largest city, while still boasting small-town charm. Popular attractions and amenities include the Arvada Center, Apex Center, Olde Town, and 125 miles of hiking, biking and horseback riding trails.
January through March
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2021
2022
% Change
$705,773
$838,239
18.8%
63
40
-36.5%
$6,600,000
$8,515,000
29.0%
364
280
-23.1%
98.7%
102.2%
3.5%
$256,901,369
$234,706,881
-8.6%
Niwot, Somerset Meadows, White Hawk Ranch, Fairview Estates, Paragon Estates
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
% Change
$654,829
$686,581
4.8%
48
27
-43.8%
$1,850,000
$1,795,000
-3.0%
73
59
-19.2%
101.7%
104.2%
2.5%
$47,802,527
$40,508,255
-15.3%
2021
2022
% Change
$1,465,812
$1,558,757
6.3%
91
86
-5.5%
$4,950,000
$3,920,000
-20.8%
64
60
-6.3%
99.4%
102.6%
3.3%
$93,811,986
$93,525,393
-0.3%
2021
2022
% Change
$1,234,473
$1,556,190
26.1%
97
85
-12.4%
$6,200,000
$3,800,000
-38.7%
16
10
-37.5%
95.5%
97.8%
2.4%
$19,751,567
$15,561,900
-21.2%
Stretching across a handful of smaller neighborhoods, Central & Historic District is an expansive area. Residents of this neighborhood enjoy the peace and serenity of its tree-lined streets and convenient access to Pearl Street Mall.
DOWNTOWN BOULDER
January through March
2022
CENTRAL & HISTORIC DISTRICT
January through March
2021
BROOMFIELD
January through March
The average home price in East Boulder & Gunbarrel increased by 36.9% in the first quarter of 2022 compared to that of 2021.
FOOTHILLS COMMUNITIES
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
ERIE/SOUTHWEST WELD COUNTY
EAST BOULDER & GUNBARREL
36.9%
January through March
January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2021
2022
% Change
$692,361
$947,701
36.9%
65
46
-29.2%
$3,222,983
$4,300,000
33.4%
152
119
-21.7%
100.0%
105.1%
5.1%
$105,238,876
$112,776,374
7.2%
2021
2022
% Change
$547,085
$642,855
17.5%
49
41
-16.3%
$1,970,000
$2,300,000
16.8%
188
170
-9.6%
100.9%
102.8%
1.9%
$102,851,968
$109,285,318
6.3%
Erie, Frederick, Firestone, Dacono
The Foothills Communities are nestled against the backdrop of Boulder open space where the plains meet the mountains. Larger properties are common in these areas, and many have direct access to open space and trails.
January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2021
2022
% Change
$1,161,169
$1,308,898
12.7%
79
60
-24.1%
$6,450,000
$5,590,000
-13.3%
331
256
-22.7%
99.3%
102.2%
2.9%
$384,346,824
$335,077,835
-12.8%
Pine Brook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
January through March
Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
% Change
$610,950
$791,718
29.6%
58
61
5.2%
$1,300,000
$3,895,000
199.6%
87
63
-27.6%
102.3%
106.1%
3.7%
$53,152,617
$49,878,220
-6.2%
2021
2022
% Change
$604,170
$713,042
18.0%
50
35
-30.0%
$6,600,000
$8,515,000
29.0%
310
236
-23.9%
The highest price in Longmont increased by
99.1%
102.5%
3.4%
29.0% in the first quarter of 2022 compared
$187,292,575
$168,277,811
-10.2%
2021
2022
% Change
$767,692
$967,876
26.1%
43
38
-11.6%
$2,400,000
$2,350,000
-2.1%
43
38
-11.6%
102.3%
108.2%
5.8%
$33,010,751
$36,779,275
11.4%
In Lafayette, you can find plenty of greenbelts, parks, open spaces, and bikeways, allowing residents to enjoy the beauty of Colorado and the Rocky Mountains.
29.0% to that of 2021.
LOUISVILLE
January through March
2022
LONGMONT
Average Price
2021
LAFAYETTE
January through March
LYONS
41.1% The average home price in Lyons
January through March Average Price Average Days on Market Highest Price
increased by 41.1% in the first quarter of
Properties Sold
2022 compared to that of 2021.
% Sold Price to List Price
NORTH BOULDER
MOUNTAIN & CANYON COMMUNITIES
Total Sold Sales Volume
January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2021
2022
% Change
$680,875
$960,538
41.1%
61
55
-9.8%
$1,250,000
$2,825,000
126.0%
16
13
-18.8%
100.6%
101.8%
1.2%
$10,894,000
$12,487,000
14.6%
2021
2022
% Change
$454,567
$661,127
45.4%
133
70
-47.4%
$2,035,000
$2,550,000
25.3%
32
27
-15.6%
97.8%
98.0%
0.2%
$14,546,130
$17,850,420
22.7%
Nederland, Allenspark, Gilpin County
35.7%
January through March Average Price Average Days on Market Highest Price
The average days on market in North
Properties Sold
Boulder decreased by 35.7% in the first
% Sold Price to List Price
quarter of 2022 compared to that of 2021.
Total Sold Sales Volume
2021
2022
% Change
$1,053,581
$1,081,301
2.6%
70
45
-35.7%
$4,200,000
$5,590,000
33.1%
69
69
0.0%
98.7%
103.9%
5.3%
$72,697,057
$74,609,750
2.6%
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
January through March
Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
% Change
$1,661,431
$1,691,874
1.8%
78
51
-34.6%
$3,200,000
$3,960,000
23.8%
31
19
-38.7%
99.0%
99.6%
0.6%
$51,504,371
$32,145,597
-37.6%
2021
2022
% Change
$739,128
$838,417
13.4%
49
25
-49.0%
$1,198,562
$1,500,000
25.1%
28
25
-10.7%
104.7%
109.3%
4.4%
decreased by 49.0% in the first quarter
$20,695,576
$20,960,433
1.3%
of 2022 compared to that of 2021.
2021
2022
% Change
$1,615,762
$1,616,360
0.0%
77
44
-42.9%
$3,200,000
$3,960,000
23.8%
32
20
-37.5%
99.0%
99.6%
0.6%
$51,704,371
$32,327,197
-37.5%
49.0% The average price in Superior
UNIVERSITY HILL & CHAUTAUQUA
January through March
2022
SUPERIOR
Average Price
Residents love South Boulder for the generous open space, hiking trails, and family-friendly atmosphere. South Boulder includes neighborhoods like Table Mesa, Devil’s Thumb, and Shanahan Ridge.
2021
SOUTH BOULDER
January through March
WESTMINSTER
January through March Average Price
2021
2022
% Change
$530,139
$578,072
9.0%
40
20
-50.0%
$1,807,500
$991,000
-45.2%
52
24
-53.8%
103.3%
105.9%
2.5%
$27,567,230
$13,873,727
-49.7%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
WHY COLORADO?
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MOUNTAIN RANGES
AVG DAYS OF SUNSHINE
SKI AREAS & RESORTS
CRAFT BREWERIES
MICRO MARKET REPORT | Boulder JANUARY - MARCH 2022 • COLORADOMICROREPORTS.COM