NEIGHBORHOOD MICROMARKET REPORT |
January through June
2016
2017
% Change
Average Price Boulder • January-September 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: 228 Lion Point, Boulder
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BOULDER Market Introduction
BOULDER COUNTY
The Boulder County real estate market continues to be one of the strongest 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 properties from January – September 2017 is up 4.4% from the same time period in 2016, with 5,273 transactions taking place.
January through September
The Boulder Area MMR indicates that the average sales price of single family and attached dwellings combined rose 4.1%, resulting in an average price of $606,870. New listings rose 10.7% in Boulder county and 11% in the city, meaning slightly more options for buyers, though the balance between inventory (supply) and buyers in the market (demand) varies widely between communities, property types and price ranges. Louisville, where supply is very low, saw a 30% rise in properties sold year-over-year, making for an incredibly hot market. Similarly, University Hill and Chautauqua’s number of sales has increased 53.6%, and the average price has increased 6.1%. 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. The number of properties sold there have decreased by 14.7% in the last year, and average price dipped 3.2%, demonstrating that the market is trending toward a desire for convenience and amenities, over privacy and space, in terms of location.
Average Days on Market
Overall, the Boulder real estate market remains nestled in the midst of a very competitive and fast-moving market, with many positive economic variables that indicate there will be continued strong demand.
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2016
2017
% Change
New Listings
4,764
5,273
10.7%
Sold Listings (All Properties)
3,377
3,525
4.4%
Sold Single Family
2,469
2,544
3.0%
930
981
5.5%
62
56
-9.7%
$582,829
$606,870
4.1%
100.0%
99.1%
-0.9%
$1,981,035,419
$2,139,217,573
8.0%
Sold Condo
Average Price % Sold Price to Original List Total Dollar Volume Sold
All Properties
January through September 2017,
3,525
homes sold for an average of
$606,870
or, $2,139,217,573 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 JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
CITY OF BOULDER January through September
2016
2017
% Change
New Listings
1,805
2,004
11.0%
Sold Listings (All Properties)
1,212
1,233
1.7%
Sold Single Family
722
738
2.2%
Sold Condo
490
495
1.0%
59
60
1.7%
$790,405
$804,122
1.7%
100.1%
98.2%
-1.9%
Average Days on Market Average Price % Sold Price to List Price
CENTRAL & HISTORIC BOULDER January through September
2016
2017
Average Price
$1,339,915
$1,391,872
3.9%
69
66
-4.3%
$3,950,000
$6,700,000
69.6%
108
127
17.6%
99.2%
98.0%
-1.2%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Mapleton Hill, Whittier, Newlands, Green Meadows, Sunset Hill, Panorama Heights
3.9%
January through September 2017, the average price in Central and Historic Boulder increased by 3.9% compared to that of 2016.
DOWNTOWN BOULDER January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$599,572
$582,050
-2.9%
59
52
-11.9%
$1,855,000
$2,187,500
17.9%
112
105
-6.3%
99.7%
99.0%
-0.7%
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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 September
2016
2017
Average Price
$1,073,629
$1,138,684
6.1%
51
74
45.1%
$3,400,000
$4,125,000
21.3%
56
86
53.6%
98.5%
97.0%
-1.5%
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 September Average Price
2016
$682,510
-4.6%
46
46
0.0%
$3,100,000
$4,100,000
32.3%
207
224
8.2%
101.2%
99.0%
-2.2%
Properties Sold % Sold Price to List Price
% Change
$715,544
Average Days on Market Highest Price
2017
Devil’s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows
1.9%
The number of properties sold for East Boulder and Gunbarrel increased by 1.9% January through September 2017 compared to that of 2016.
EAST BOULDER & GUNBARREL January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$580,869
$591,966
1.9%
52
53
1.9%
$2,600,000
$2,782,505
7.0%
412
407
-1.2%
100.1%
98.0%
-2.1%
Wonderland Hill,Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay’s Orchard, Moores
MICROMARKET REPORT | Boulder livsothebysrealty.com
JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
NORTH BOULDER January through September Average Price
2016
$878,080
-2.6%
70
62
-11.4%
$4,795,000
$3,500,000
-27.0%
234
214
-8.5%
99.6%
99.0%
-0.6%
Properties Sold % Sold Price to List Price
% Change
$901,524
Average Days on Market Highest Price
2017
LOUISVILLE January through September Average Price
2016
$613,252
2.2%
52
58
11.5%
$1,233,200
$1,775,000
43.9%
190
247
30.0%
100.8%
101.0%
0.2%
Properties Sold % Sold Price to List Price
% Change
$599,867
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.
30.0%
The number of properties sold in Louisville increased by 30.0% January through September 2017 compared to that of 2016.
SUPERIOR January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$571,922
$589,673
3.1%
39
44
12.8%
$1,107,287
$1,090,000
-1.6%
134
126
-6.0%
106.1%
102.0%
-3.9%
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LAFAYETTE January through September Average Price
2016
$510,996
9.7%
74
49
-33.8%
$1,450,000
$1,520,000
4.8%
311
322
3.5%
101.1%
101.0%
-0.1%
Properties Sold % Sold Price to List Price
9.7%
January through September 2017, the average price in Erie and Southwest Weld County increased by 9.7% compared to that 2016.
% Change
$465,731
Average Days on Market Highest Price
2017
ERIE/SOUTHWEST WELD COUNTY January through September Average Price
2016
$417,981
9.7%
56
54
-3.6%
$1,250,000
$1,775,000
42.0%
933
996
6.8%
99.7%
100.0%
0.3%
Properties Sold % Sold Price to List Price
% Change
$381,159
Average Days on Market Highest Price
2017
Frederick, Firestone, Dacono
LONGMONT January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$370,112
$398,178
7.6%
55
54
-1.8%
$1,285,000
$5,200,000
304.7%
1,069
1,130
5.7%
100.9%
101.0%
0.1%
MICROMARKET REPORT | Boulder livsothebysrealty.com
JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
LYONS January through September Average Price
2016
$577,319
8.5%
77
81
5.2%
$791,000
$925,000
16.9%
31
36
16.1%
99.0%
99.0%
0.1%
Properties Sold % Sold Price to List Price
% Change
$531,932
Average Days on Market Highest Price
2017
BOULDER COUNTY PLAINS January through September Average Price
2016
$828,352
8.0%
73
72
-1.4%
$6,250,000
$5,950,000
-4.8%
343
360
5.0%
98.3%
96.0%
-2.3%
Properties Sold % Sold Price to List Price
% Change
$767,037
Average Days on Market Highest Price
2017
Niwot, Hygiene, Sommerset Estates, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills
8.0%
The average price in the Eastern Boulder County Plains increased by 8.0% in January through September 2017 compared to that of 2016.
FOOTHILLS COMMUNITIES January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$950,595
$834,749
-12.2%
99
91
-8.1%
$5,400,000
$2,360,000
-56.3%
95
96
1.1%
96.4%
97.0%
0.7%
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
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2.2%
MOUNTAIN & CANYON COMMUNITIES January through September Average Price Average Days on Market
January through September 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
$425,391
$411,805
-3.2%
102
79
-22.5%
$3,000,000
$1,095,000
-63.5%
197
168
-14.7%
96.9%
99.0%
2.2%
Nederland, Allenspark, Coal Creek Canyon, Golden Gate Canyon, Gilpin, Jefferson County
BOULDER COUNTY PARKS: 60
ACRES OF PRESERVED OPEN SPACE: 45,000
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JANUARY-SEPTEMBER 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.