Q2 2021
Micro Market Report B O U L D E R VA L L E Y
3075 7th Street
1426 Rembrandt Road
Boulder Valley MARKET UPDATE
Boulder County, a community that appreciates nature, culture, and a healthy lifestyle, has been a long-time favorite of buyers looking for the epitome of the Colorado lifestyle. In fact, Boulder was recently ranked as the No. 1 city in the country to live in for 2021 by U.S. News & World Report. Situated beneath the iconic Flatirons and located just 40 minutes from the heart of Denver, Boulder offers its residents the best of city living near nature. It’s sustained popularity has influenced an appreciation of home prices, increases in the number of homes sold, and a quickening of the pace of the market. According to LIV Sotheby’s International Realty’s MidYear Micro Market Report, focused on Boulder County and each of the unique neighborhoods within it, Boulder has experienced a 30.3% increase in listings sold for all property types through June of this year compared to the same time frame of 2020. While there were more single family home sales through the second quarter of the year, the condominiums market saw a more significant increase in the number of units sold. There were 1,842 single family homes sold, a 27.5% increase over 2020, but condominium sales rose by an impressive 47.5%, reaching a total of 869 units sold through June. During that time, the average price for all property types also increased, rising by 26.7%, which brings the average home price to $850,630 in Boulder County. Combined, the boost in property sales and appreciation of home prices resulted in a 65.1% increase in sales volume, totaling $2,306,058,451. The elevated levels of demand for Boulder County homes can also be seen throughout the individual neighborhoods that make up this incredible Colorado community. The Foothills Communities are a prime example of this trend. Through June of this year, there were 849 homes sold, which is an astounding 14,050% increase from the same
time frame in 2020 when there were just six homes sold. The University Hills & Chautauqua neighborhood also experienced a boom in homebuying, with the number of sold properties rising by 157.7%, from 26 homes sold last year to 67 homes sold so far in 2021. Home values within the County’s neighborhoods saw an upward trend through Q2 of 2021. Communities such as the City of Boulder and Arvada have both experienced upticks in home prices. In Boulder, the average price for a home through June was $1,093,936, a 16.9% increase and in Arvada, homes sold for an average price of $566,398, a 17.4% increase, during the same time period. As a top destination for homebuyers, Boulder’s real estate market will continue to see growth in its market activity and strengthening of home values. With an enviable lifestyle, an active real estate market, and an incredible community, Boulder County is sure to continue drawing consumers to its cities for years to come.
BOULDER COUNTY January through June
2020
2021
% Change
New Listings
3,281
3,289
0.2%
Sold Listings (All Properties)
2,080
2,711
30.3%
1,445
1,842
27.5%
589
869
47.5%
67
57
-14.9%
$671,398
$850,630
26.7%
98.3%
102.1%
3.9%
$1,396,508,599
$2,306,058,451
65.1%
Sold Single Family Sold Condo Average Days on Market Average Price % Sold Price to List Price Total Sold Sales Volume
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 VALLEY NEIGHBORHOODS
1.
Arvada
2. Boulder County Plains
6. East Boulder & Gunbarrel
11. Louisville
16. Superior
7.
Erie/Southwest
12. Lyons
17. University Hill &
Weld County
13. Mountain & Canyon
3. Broomfield 4. Central Boulder &
8. Foothills Communities
Communities
Historic District
9. Lafayette
14. North Boulder
5. Downtown Boulder
10. Longmont
15. South Boulder
Chautauqua 18. Westminster
12
8
10
14
2
7 6
13
5
4
17
15
1 16 18 11
9 3
MICROMARKET REPORT | Boulder Valley livsothebysrealty.com
JANUARY - JUNE 2021 • COLORADOMICROREPORTS.COM
ARVADA
January through June
2020
2021
% Change
$482,268
$566,398
17.4%
58
38
-34.5%
$1,282,000
$3,025,000
136.0%
1,154
1,319
14.3%
100.0%
104.9%
4.9%
Total Sold Sales Volume
$556,537,160
$747,078,874
34.2%
January through June
2020
2021
% Change
New Listings
1,340
1,344
0.3%
Sold Listings (All Properties)
671
1,108
65.1%
Sold Single Family
375
614
63.7%
Sold Condo
294
494
68.0%
70
60
-14.3%
$936,189
$1,093,937
16.9%
97.6%
101.0%
3.5%
Average Price Average Days on Market Highest Price Properties Sold
BOULDER COUNTY PLAINS
BOULDER (CITY)
% Sold Price to List Price
65.1%
The number of properties sold in
Boulder increased by 65.1% January
Average Days on Market
through June 2021 compared to that of
Average Price
2020.
% Sold Price to List Price
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2020
2021
% Change
$551,243
$690,010
25.2%
70
50
-28.6%
$3,500,000
$6,650,000
90.0%
1,042
1,124
7.9%
98.8%
102.0%
3.2%
$574,395,134
$775,570,887
35.0%
Niwot, Somerset Meadows, White Hawk Ranch, Fairview Estates, Paragon Estates
2021
% Change
$548,145
$637,563
16.3%
31
42
35.5%
$3,500,000
$2,350,000
-32.9%
525
624
18.9%
99.7%
103.6%
3.9%
Total Sold Sales Volume
$287,776,010
$397,839,013
38.2%
January through June
2020
2021
% Change
$1,237,628
$1,528,616
23.5%
77
79
2.6%
$5,910,000
$6,400,000
8.3%
100
187
87.0%
98.6%
99.2%
0.6%
$123,762,810
$285,851,172
131.0%
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
23.5% The average price in Central & Historic Boulder increased by 23.5% January through June 2021 compared to that of 2020.
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2020
2021
% Change
$1,142,554
$1,051,985
-7.9%
99
88
-11.1%
$2,600,000
$4,000,000
53.8%
21
29
38.1%
95.5%
96.5%
1.0%
$23,993,632
$30,507,567
27.1%
DOWNTOWN BOULDER
January through June
CENTRAL & HISTORIC BOULDER
2020
BROOMFIELD
January through June
The average days on market in East Boulder
FOOTHILLS COMMUNITIES
Average Price Average Days on Market Highest Price
2020
2021
% Change
$697,568
$761,669
9.2%
69
49
-29.0%
$7,400,000
$3,925,000
-47.0%
238
414
73.9%
97.3%
103.1%
6.0%
& Gunbarrel decreased by 47.0% January
Properties Sold
through June 2021 compared to that of
% Sold Price to List Price
2020.
Total Sold Sales Volume
$166,021,253
$315,331,096
89.9%
January through June
2020
2021
% Change
$472,718
$556,412
17.7%
51
49
-3.9%
$1,450,000
$2,215,000
52.8%
636
836
31.4%
99.5%
102.9%
3.4%
$300,648,750
$465,160,052
54.7%
ERIE/SOUTHWEST WELD COUNTY
EAST BOULDER & GUNBARREL
47.0%
January through June
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
Erie, Frederick, Firestone, Dacono
50.4% The number of properties sold in the Foothills Communities increased by 50.4% January through June 2021 compared to that of 2020.
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2020
2021
% Change
$997,103
$1,203,923
20.7%
130
61
-53.1%
$8,000,000
$7,900,000
-1.3%
565
850
50.4%
97.6%
100.7%
3.1%
$563,363,406
$1,023,334,422
81.6%
Pine Brook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
% Change
$570,979
$700,566
22.7%
52
48
-7.7%
$2,500,000
$2,850,000
14.0%
194
269
38.7%
99.2%
104.2%
5.0%
Total Sold Sales Volume
$110,769,909
$188,452,237
70.1%
January through June
2020
2021
% Change
$491,357
$612,444
24.6%
63
39
-38.1%
$3,500,000
$6,650,000
90.0%
782
848
8.4%
98.9%
102.6%
3.7%
Total Sold Sales Volume
$384,240,811
$519,352,574
35.2%
January through June
2020
2021
% Change
$653,108
$813,040
24.5%
64
27
-57.8%
$1,775,000
$2,700,000
52.1%
148
148
-
99.8%
105.4%
5.6%
$96,660,039
$120,329,951
24.5%
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
22.7% The average price in Lafayette inecreased by 22.7% January through June 2021 compared to that of 2020.
52.1% The highest price in Louisville increased by 52.1% January through June 2021 compared to that of 2020.
LOUISVILLE
2021
LONGMONT
2020
LAFAYETTE
January through June
January through June
2020
2021
% Change
$547,718
$773,620
41.2%
83
68
-18.1%
$899,900
$1,750,000
94.5%
38
33
-13.2%
98.2%
100.6%
2.4%
Total Sold Sales Volume
$20,813,300
$25,529,455
22.7%
January through June
2020
2021
% Change
$513,428
$634,483
23.6%
66
89
34.8%
$2,470,000
$4,365,000
76.7%
60
105
75.0%
96.5%
100.1%
3.7%
$30,805,689
$66,620,692
116.3%
LYONS
Average Price Average Days on Market Highest Price Properties Sold
NORTH BOULDER
MOUNTAIN & CANYON COMMUNITIES
% Sold Price to List Price
75.0% The number of properties sold in the mountain and canyon communities increased by 75.0% January through June 2021 compared to that of 2020.
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
Nederland, Allenspark, Gilpin County
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2020
2021
% Change
$961,369
$1,011,830
5.2%
65
54
-16.9%
$6,600,000
$7,900,000
19.7%
135
210
55.6%
97.8%
100.4%
2.7%
$129,784,759
$212,484,203
63.7%
% Change
$839,152
$996,411
18.7%
54
41
-24.1%
$2,950,000
$3,900,000
32.2%
111
145
30.6%
99.9%
103.8%
3.9%
Total Sold Sales Volume
$93,145,851
$144,479,619
55.1%
January through June
2020
2021
% Change
$629,125
$792,868
26.0%
52
51
-1.9%
$1,022,608
$1,630,499
59.4%
66
100
51.5%
99.6%
106.2%
6.6%
Total Sold Sales Volume
$41,522,278
$79,286,795
91.0%
January through June
2020
2021
% Change
$1,388,094
$1,612,792
16.2%
70
67
-4.3%
$3,700,000
$4,400,000
18.9%
26
67
157.7%
96.9%
99.6%
2.7%
$36,090,434
$108,057,071
199.4%
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
24.1% The average days on market in South Boulder decreased by 24.1% January through June 2021 compared to that of 2020.
59.4% The highest price in Superior increased by 59.4% January through June 2021 compared to that of 2020.
UNIVERSITY HILL & CHAUTAUQUA
2021
SUPERIOR
2020
SOUTH BOULDER
January through June
WESTMINSTER
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2020
2021
% Change
$414,423
$500,772
20.8%
17
36
111.8%
$1,600,000
$1,807,500
13.0%
815
948
16.3%
100.3%
105.5%
5.2%
$337,754,467
$474,732,072
40.6%
04 07 28 300 350+ NATIONAL PARKS
MOUNTAIN RANGES
AVG DAYS OF SUNSHINE
SKI AREAS & RESORTS
CRAFT BREWERIES
MICROMARKET REPORT | Boulder Valley JANUARY - JUNE 2021 • COLORADOMICROREPORTS.COM