QUARTER 2 2022
Micro Market Report BOULDER
1026 Valley Lane
2991 Foothills Ranch Drive
Boulder
BOULDER
NEIGHBORHOODS
MARKET UPDATE 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
Boulder County is filled with communities that offer a variety of lifestyles and opportunities for homebuyers to create the life they love. As a national leader in sustainability efforts and bountiful recreation options, Boulder County attracts those looking for a combination of exciting city luxuries and proximity to nature that few other areas can claim. Over the past few years, Boulder County and the unique areas within it have seen encouraging real estate activity that indicates that the community is a top destination for homebuying and selling. LIV Sotheby’s International Realty produces a Micro Market Report focused on Boulder County and each of the unique neighborhoods within it. This report examines key performance indicators from January through June of 2022 and compares them to the same period in 2021. As the market continues its return to pre-pandemic real estate patterns, the number of listings sold in Boulder County has decreased. During the first two quarters, the total number of listings sold reached 1,866, which is 21.4% fewer than the same time period in 2021. The average sale price for those listings was $1,028,961—15.2% higher than Q2 in 2021. Similar trends were also seen in the various communities within Boulder County. The City of Boulder saw a 24.9% decrease in overall listings sold, with 777 total properties sold during Q2 of this year. The City of Westminster had the highest number of homes sold from January through June, with a total of 901 homes sold. Average prices for homes in Boulder County generally showed upward trends during Q2 of this year. Homes in Downtown Boulder saw one of the most significant increases in average sales price, growing by 61.4% to reach $2,093,749. Arvada homes also experienced sale price appreciation, with an average sold price of $647,945—19% higher than the same time period
8. Foothills Communities
13. Mountain & Canyon Communities
last year. Buyers looking for more affordability may find the home of their dreams in Westminster where homes sold for an average price of $584,740. While this is the lowest average sale price within Boulder County, homes in this area appreciated by 16.9% over the last year. Days on market is an important indicator that shows how quickly homes are selling and can often reflect the demand for real estate in each area. In the City of Boulder, the average days on market decreased by 21.2%, dipping from 66 days down to an average of 52 days on market. The Mountain and Canyon Communities saw a 44.3% decrease in the average days on market, leaving homes on the market for an average of 64 days through Q2 of this year. The market pace was much slower in other areas such as Downtown Boulder where the average days on market was 253 days, which is 155.6% higher than it was during the same time frame in 2021.
8
14
7 6
13 2022
% Change
New Listings
1,811
1,539
-15.0%
Sold Listings (All Properties)
2,374
1,866
-21.4%
Sold Single Family
1,547
1,233
-20.3%
703
540
-23.2%
56
44
-21.4%
$892,913
$1,028,961
15.2%
101.7%
103.8%
2.1%
$2,119,776,363
$1,920,040,333
-9.4%
Sold Condos Average Days on Market Average Price % Sold Price to List Price Total Sold Sales Volume
10
2
BOULDER COUNTY 2021
18. Westminster
12
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.
January through June
Chautauqua
5
4
17
15
1 16 18 11
9 3
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.
MICRO MARKET REPORT | Boulder coloradomicroreports.com
livsothebysrealty.com
JANUARY - JUNE 2022 • COLORADOMICROREPORTS.COM
BOULDER (CITY) ARVADA
Boulder decreased by 21.2% in the first half of 2022 compared to that of 2021.
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.
2022
% Change
758
636
-16.1%
1,035
777
-24.9%
Average Price
Sold Single Family
560
417
-25.5%
Average Days on Market
Sold Condos
423
320
-24.3%
Highest Price
66
52
-21.2%
Properties Sold
$1,143,354
$1,316,276
15.1%
100.8%
103.9%
3.1%
2021
2022
% Change
$566,952
$674,945
19.0%
44
46
4.5%
$3,025,000
$2,680,000
-11.4%
1,327
1,302
-1.9%
Properties Sold
104.7%
105.1%
0.4%
% Sold Price to List Price
$752,345,253
$878,778,743
16.8%
New Listings Sold Listings (All Properties)
Average Days on Market Average Price % 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
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2021
2022
% Change
$643,575
$715,356
11.2%
55
43
-21.8%
$2,350,000
$3,925,000
67.0%
572
511
-10.7%
103.9%
104.4%
0.5%
Total Sold Sales Volume
$368,124,820
$365,547,046
-0.7%
January through June
2021
2022
% Change
$1,644,964
$1,501,548
-8.7%
85
58
-31.8%
$6,400,000
$4,500,000
-29.7%
167
131
-21.6%
99.0%
102.0%
3.0%
Total Sold Sales Volume
$274,708,987
$196,702,803
-28.4%
January through June
2021
2022
% Change
$1,297,152
$2,093,749
61.4%
99
253
155.6%
$6,200,000
$3,800,000
-38.7%
30
26
-13.3%
96.5%
101.6%
5.3%
$38,914,567
$54,437,476
39.9%
% Sold Price to List Price
Average Price Average Days on Market Highest Price
2021
2022
% Change
$738,441
$843,128
14.2%
52
39
-25.0%
$6,650,000
$10,000,000
50.4%
Highest Price
868
684
-21.2%
Properties Sold
101.4%
103.2%
1.8%
$640,966,460
$576,699,470
-10.0%
Niwot, Somerset Meadows, White Hawk Ranch, Fairview Estates, Paragon Estates
Average Price Average Days on Market
% Sold Price to List Price Total Sold Sales Volume
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 June
January through June
CENTRAL & HISTORIC DISTRICT
BOULDER COUNTY PLAINS
The average number of days on market in
2021
BROOMFIELD
21.2%
January through June
Gunbarrel increased by 29.7% in the first half of 2022 compared to that of 2021.
% Change
$784,130
$1,017,046
29.7%
51
38
-25.5%
$3,925,000
$5,900,000
50.3%
Highest Price
367
248
-32.4%
Properties Sold
102.8%
104.5%
1.7%
Total Sold Sales Volume
$287,775,737
$252,227,510
-12.4%
January through June
2021
2022
% Change
$566,492
$682,309
20.4%
Average Price
41
33
-19.5%
Average Days on Market
$1,970,000
$4,800,000
143.7%
Highest Price
430
400
-7.0%
102.5%
104.1%
1.6%
$243,591,703
$272,923,421
12.0%
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
January through June
2021
2022
% Change
$699,733
$911,525
30.3%
54
47
-13.0%
$2,850,000
$3,895,000
36.7%
219
152
-30.6%
104.2%
105.8%
1.5%
Total Sold Sales Volume
$153,241,577
$138,551,800
-9.6%
January through June
2021
2022
% Change
$638,153
$718,889
12.7%
43
35
-18.6%
$6,650,000
$10,000,000
50.4%
755
592
-21.6%
102.0%
103.7%
1.7%
Total Sold Sales Volume
$481,805,880
$425,582,430
-11.7%
January through June
2021
2022
% Change
$878,033
$979,701
11.6%
34
31
-8.8%
$2,850,000
$2,350,000
-17.5%
118
110
-6.8%
104.6%
107.0%
2.3%
$103,607,865
$107,767,134
4.0%
Average Price Average Days on Market
% Sold Price to List Price
Properties Sold % Sold Price to List Price
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.
50.4% The highest price in Longmont increased by 50.4% in the first half of 2022 compared to that of 2021.
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 June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2021
2022
% Change
$1,257,356
$1,394,096
10.9%
70
56
-20.0%
Average Days on Market
$7,900,000
$6,875,000
-13.0%
Highest Price
814
611
-24.9%
Properties Sold
100.5%
102.9%
2.4%
$1,023,487,695
$851,792,622
-16.8%
Pine Brook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
Average Price
% Sold Price to List Price Total Sold Sales Volume
LOUISVILLE
FOOTHILLS COMMUNITIES
2022
LONGMONT
ERIE / SOUTHWEST WELD COUNTY
EAST BOULDER & GUNBARREL
The average home price in East Boulder &
2021
LAFAYETTE
29.7%
January through June
LYONS
The average home price in Lyons increased by 27.9% in the first half of
% Change
$661,668
$846,192
27.9%
57
44
-22.8%
$1,750,000
$2,825,000
61.4%
Highest Price
51
50
-2.0%
Properties Sold
101.7%
103.6%
1.9%
Total Sold Sales Volume
$33,745,055
$42,309,596
25.4%
January through June
2021
2022
% Change
$608,682
$699,421
14.9%
115
64
-44.3%
Average Days on Market
$4,365,000
$3,150,000
-27.8%
Highest Price
78
64
-17.9%
Properties Sold
99.5%
98.3%
-1.3%
% Sold Price to List Price
$47,477,210
$44,762,959
-5.7%
Total Sold Sales Volume
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
January through June
2022
% Change
$1,030,299
$1,214,990
17.9%
41
32
-22.0%
$3,900,000
$3,750,000
-3.8%
131
113
-13.7%
103.8%
106.2%
2.3%
Total Sold Sales Volume
$134,969,119
$137,293,902
1.7%
January through June
2021
2022
% Change
$824,760
$878,850
6.6%
44
32
-27.3%
$1,630,499
$1,625,000
-0.3%
76
75
-1.3%
The average number of days on market
106.7%
105.8%
-0.8%
in Superior decreased by 27.3% in the
$62,681,784
$65,913,745
5.2%
Average Price Average Days on Market
% Sold Price to List Price
Average Price
37.7%
Average Price Average Days on Market Highest Price
The average number of days on market
Properties Sold
in North Boulder decreased by 37.7% in
% Sold Price to List Price
the first half of 2022 compared to that of 2021.
Total Sold Sales Volume
2021
2022
% Change
$1,059,526
$1,178,149
11.2%
61
38
-37.7%
$7,900,000
$6,300,000
-20.3%
186
161
-13.4%
100.3%
104.7%
4.4%
$197,071,891
$189,682,010
-3.7%
27.3%
first half of 2022 compared to that of 2021.
Nederland, Allenspark, Gilpin County
January through June
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
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2021
2022
% Change
$1,761,622
$1,943,832
10.3%
75
45
-40.0%
$6,500,000
$6,875,000
5.8%
73
55
-24.7%
99.6%
100.1%
0.5%
$128,598,421
$106,910,787
-16.9%
UNIVERSITY HILL & CHAUTAUQUA
NORTH BOULDER
2022
SUPERIOR
MOUNTAIN & CANYON COMMUNITIES
2022 compared to that of 2021.
2021
SOUTH BOULDER
27.9%
January through June
WESTMINSTER
January through June Average Price
2021
2022
% Change
$500,219
$584,740
16.9%
40
35
-12.5%
$1,807,500
$3,000,000
66.0%
902
901
-0.1%
105.5%
105.9%
0.4%
$451,197,796
$526,850,663
16.8%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
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MICRO MARKET REPORT | Boulder JANUARY - JUNE 2022 • COLORADOMICROREPORTS.COM