MICROMARKET REPORT |
Boulder • January-September 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: 3800 Pleasant Ridge Road, Boulder
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BOULDER market update The ever-popular Boulder County offers an unmatched lifestyle including easy access to nature and bike paths, walkability, a vibrant economy, a community feel, and a health-conscious environment. As expected, Boulder County continues to report an active real estate market January through September 2018. Overall, many factors reported remain relatively the same year-over-year for Boulder County. Sold listings, average days on market, and percentage soldprice to original list-price remain level. However, a dip in new listings possibly caused the notable 9.6% increase in average price to $663,938 in 2018. Total dollar volume sold also increased in 2018 by a similar 9.5%. Interestingly,
BOULDER COUNTY
sold condos resulted in a 6.2% increase to 1,050 condos sold in 2018, compared to 989 condos sold in 2017. Highlights of January through September 2018, compared to 2017, for Boulder County include a 63% increase in highest price for Central & Historic Boulder to $4,537,500 in 2018 and a 61.8% increase in highest price for Lyons to $1,594,000 in 2018. In addition, LIV Sotheby’s International Realty represented a Downtown Boulder sale of $5,500,000, increasing
January through September
2018
% Change
New Listings
5,300
5,096
-3.8%
Sold Listings (All Properties)
3,548
3,547
0.0%
Sold Single Family
2,559
2,497
-2.4%
989
1,050
6.2%
56
56
0.0%
$605,910
$663,938
9.6%
99.1%
99.1%
0.0%
$2,149,769,745
$2,354,988,532
9.5%
Sold Condo Average Days on Market Average Price
the highest price for the area by 151.4% in 2018. This notable sale was a 4th
% Sold Price to Original List Price
floor, three-bedroom, four-bathroom condo, complete with Flatiron views,
Total Dollar Volume Sold
movable walls, and one of the first buildings in the country to achieve the
2017
All Properties
Silver LEEDS certification. Boulder County continues to rank as one of the happiest and healthiest areas in the country. While the market should continue to remain dynamic for Boulder County, the data proves that now is a great time for sellers in this area as listings have decreased and prices have increased.
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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 2018 • COLORADOMICROREPORTS.COM
CITY OF BOULDER January through September
2017
2018
% Change
New Listings
2,009
1,913
-4.8%
Sold Listings (All Properties)
1,239
1,279
3.2%
741
732
-1.2%
498
547
9.8%
60
57
-5.0%
$803,656
$891,063
10.9%
98.2%
98.6%
0.4%
Sold Single Family Sold Condo Average Days on Market Average Price % Sold Price to List Price
CENTRAL & HISTORIC BOULDER January through September Average Price
2017
$1,376,619
9.9%
57
60
5.3%
$2,775,000
$4,537,500
63.5%
61
52
-14.8%
98.0%
99.0%
1.0%
Properties Sold % Sold Price to List Price
% Change
$1,252,268
Average Days on Market Highest Price
2018
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 September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$563,393
$796,471
41.4%
58
65
12.1%
$2,187,500
$5,500,000
151.4%
81
79
-2.5%
99.0%
99.0%
0.0%
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29.6%
The average price for University Hill & Chautauqua increased by 29.6% January through September 2018 compared to that of 2017.
UNIVERSITY HILL & CHAUTAUQUA January through September
2017
2018
Average Price
$1,144,986
$1,484,014
29.6%
73
63
-13.7%
$4,125,000
$4,300,000
4.2%
90
71
-21.1%
97.0%
99.0%
2.1%
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 September Average Price
2017
$837,605
4.1%
39
48
23.1%
$1,850,000
$1,850,000
0.0%
94
115
22.3%
100.0%
100.0%
0.0%
Properties Sold % Sold Price to List Price
% Change
$804,816
Average Days on Market Highest Price
2018
Devil’s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows
25.2%
The average price for East Boulder and Gunbarrel increased by 25.2% January through September 2018 compared to that of 2017.
EAST BOULDER & GUNBARREL January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$813,672
$1,018,999
25.2%
58
59
1.7%
$1,901,000
$3,150,000
65.7%
57
57
0.0%
99.0%
98.0%
-1.0%
Wonderland Hill,Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay’s Orchard, Moores
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JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
NORTH BOULDER January through September Average Price
2017
$772,202
1.6%
52
50
-3.8%
$3,500,000
$3,150,000
-10.0%
220
232
5.5%
99.0%
99.0%
0.0%
Properties Sold % Sold Price to List Price
% Change
$760,060
Average Days on Market Highest Price
2018
LOUISVILLE January through September Average Price
2017
$659,705
7.2%
58
50
-13.8%
$1,775,000
$1,790,000
0.8%
251
207
-17.5%
99.8%
99.7%
-0.1%
Properties Sold % Sold Price to List Price
% Change
$615,306
Average Days on Market Highest Price
2018
Northern Boulder boasts more than 220+ artists and creative industries along its popular Broadway Street.
7.2%
The average price in Louisville increased by 7.2% January through September 2018 compared to that of 2017.
SUPERIOR January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$590,739
$561,271
-5.0%
45
70
55.6%
$1,090,000
$972,000
-10.8%
127
142
11.8%
101.3%
99.9%
-1.4%
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LAFAYETTE January through September Average Price
2017
$565,178
8.2%
50
39
-22.0%
$1,520,000
$1,600,000
5.3%
352
343
-2.6%
100.5%
100.4%
-0.1%
Properties Sold % Sold Price to List Price
6.5%
January through September 2018, the average price in Erie and Southwest Weld County increased by 6.5% compared to that 2017.
% Change
$522,463
Average Days on Market Highest Price
2018
ERIE/SOUTHWEST WELD COUNTY January through September Average Price
2017
$413,236
6.5%
52
51
-1.9%
$1,800,000
$1,215,000
-32.5%
915
879
-3.9%
99.4%
99.3%
-0.1%
Properties Sold % Sold Price to List Price
% Change
$388,062
Average Days on Market Highest Price
2018
Frederick, Firestone, Dacono
LONGMONT January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$438,026
$482,584
10.2%
53
54
1.9%
$5,950,000
$4,000,000
-32.8%
1,273
1,268
-0.4%
99.7%
99.5%
-0.2%
MICROMARKET REPORT | Boulder livsothebysrealty.com
JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
LYONS January through September Average Price
2017
$597,313
12.1%
84
93
10.7%
$985,000
$1,594,000
61.8%
71
94
32.4%
97.4%
96.0%
-1.4%
Properties Sold % Sold Price to List Price
% Change
$532,631
Average Days on Market Highest Price
2018
BOULDER COUNTY PLAINS January through September
2017
2018
Average Price
$1,072,228
$1,322,188
23.3%
96
116
20.8%
$5,475,000
$3,124,400
-42.9%
78
91
16.7%
95.5%
96.0%
0.5%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
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”.
23.3%
The average price in the Eastern Boulder County Plains increased by 23.3% in January through September 2018 compared to that of 2017.
FOOTHILLS COMMUNITIES January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$794,742
$721,939
-9.2%
76
81
6.6%
$1,400,000
$1,365,000
-2.5%
17
22
29.4%
98.0%
97.0%
-1.0%
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
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9.8%
January through September 2018, the average price in the Mountain and Canyon Communities increased by 9.8% compared to that of 2017.
NUMBER OF DAYS OF SUNSHINE: 300
MOUNTAIN & CANYON COMMUNITIES January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$461,278
$506,664
9.8%
76
92
21.1%
$1,095,000
$1,525,000
39.3%
94
98
4.3%
99.0%
97.0%
-2.0%
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 2018 • COLORADOMICROREPORTS.COM
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.