Q3 2021
Micro Market Report BOULDER
9829 Shoreline Drive
3365 Sunshine Canyon Drive
Boulder
MARKET UPDATE
Recently ranked as the number one city to live in the country by U.S. News & World Report, Boulder and its surrounding neighborhoods are lively communities filled with thriving businesses, beautiful outdoor spaces, and a diverse mix of people. With more than 150 miles of trails and 45,000 acres of open space to explore, it’s no wonder why Boulder Valley is one of the healthiest communities in the nation. The active lifestyle is just one of many aspects that attract so many people to Boulder. Similar to Denver Metro, which is located just 40 minutes south, Boulder is seeing a boom in real estate activity. For many, the access to nature and quality of life found here is simply irresistible. For that reason, buying and selling activity in the Boulder community has increased at an impressive rate.
within the downtown area increased in price by 26.7%, reaching an average price of $1,369,915. In the University Hill and Chautauqua area, the average price rose by 24.5%, making the average price of a home in this community $1,575,062.
LIV Sotheby’s International Realty produces a Micro Market Report focused on Boulder Valley and each of the unique neighborhoods within it. The report examines key performance indicators from January through September of 2021 and compares them to the same time period of 2020. Across all neighborhoods, Boulder County has seen an impressive 17.9% increase in the number of properties sold through Q3 of this year, totaling 4,409 listings sold. Additionally, the average sold price for homes in the area rose by 21.1%, which brought the average price to $846,834. As a result of these increases, the total dollar volume sold grew by 42.8%, totaling $3,733,689,487.
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.
Many neighborhoods within Boulder and its nearby communities experienced astonishing increases in the number of properties sold through September of this year compared to 2020. In downtown Boulder, the number of homes sold rose by 300%, rising from 28 listings sold through September of last year to 112 listings sold so far this 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 a given area. In downtown Boulder, the average days on market decreased by 9.2%, dipping from 87 days down to an average of 79 days on market. The Foothills communities, which includes Pine Brook Hills, Boulder Heights, Lake of Pines, Jamestown, and Eldorado Springs, saw a slight 1.7% decrease in the average days on market. Homes in these neighborhoods are selling within an average of 58 days.
BOULDER COUNTY January through September
2020
2021
% Change
New Listings
5,133
5,070
-1.2%
Sold Listings (All Properties)
3,739
4,409
17.9%
Sold Single Family
2,697
3,039
12.7%
Sold Condo
1,038
1,367
31.7%
61
48
-21.3%
$699,292
$846,834
21.1%
98.7%
101.9%
3.2%
$2,614,653,408
$3,733,689,487
42.8%
Average Days on Market Average Price % Sold Price to List Price Total Sold Sales Volume
In addition to more homes being sold, average home prices have shown an upward trend in Boulder as well. Properties
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
MICROMARKET REPORT | Boulder livsothebysrealty.com
JANUARY - SEPTEMBER 2021 • COLORADOMICROREPORTS.COM
BOULDER (CITY) ARVADA BOULDER COUNTY PLAINS
Boulder is a city at the foothills of the Rocky Mountains, in northern Colorado. To the west, the trail-lined Flatirons are rock formations overlooking the city. Downtown’s pedestrian Pearl Street Mall includes art galleries, cafes, restaurants, and boutiques. Boulder is also home to the University of Colorado.
103.0%
January through September
2020
2021
% Change
New Listings
2,159
1,988
-7.9%
Sold Listings (All Properties)
1,293
1,728
33.6%
Sold Single Family
757
969
28.0%
Sold Condo
533
759
42.4%
64
56
-12.5%
$940,596
$1,087,982
15.7%
98.0%
100.9%
3.0%
2020
2021
% Change
$490,793
$574,292
17.0%
21
38
81.0%
$1,490,000
$3,025,000
103.0%
2,044
2,158
5.6%
100.5%
104.1%
3.6%
$1,003,179,973
$1,239,322,695
23.5%
Average Days on Market Average Price % Sold Price to List Price
January through September Average Price Average Days on Market Highest Price
The highest price in Arvada increased
Properties Sold
by 103.0% January through September
% Sold Price to List Price
2021 compared to that of 2020.
Total Sold Sales Volume
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2020
2021
% Change
$575,126
$715,366
24.4%
82
47
-42.7%
$4,000,000
$8,150,000
103.8%
1,859
1,778
-4.4%
99.0%
101.9%
2.9%
$1,069,158,578
$1,271,920,545
19.0%
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
$555,736
$640,640
15.3%
28
39
39.3%
$3,500,000
$2,350,000
-32.9%
963
1,054
9.4%
99.9%
103.2%
3.3%
$535,173,763
$675,234,396
26.2%
2020
2021
% Change
$1,161,368
$569,317
-51.0%
67
60
-10.4%
$7,000,000
$2,380,000
-66.0%
202
266
31.7%
98.1%
100.6%
2.5%
$234,596,414
$151,438,414
-35.4%
2020
2021
% Change
$1,081,594
$1,369,915
26.7%
87
79
-9.2%
$2,600,000
$6,400,000
146.2%
28
112
300.0%
96.1%
96.9%
0.9%
$30,284,632
$153,430,455
406.6%
Stretching across a handful of smaller neighborhoods, Central Boulder 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 September
2021
CENTRAL & HISTORIC DISTRICT
January through September
2020
BROOMFIELD
January through September
The average price in East Boulder & Gunbarrel increased by 66.7% January through September 2021 compared to that of 2020.
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
66.7%
January through September
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2020
2021
% Change
$707,703
$1,179,504
66.7%
63
50
-20.6%
$7,400,000
$7,900,000
6.8%
448
282
-37.1%
98.1%
100.5%
2.4%
$317,051,162
$332,620,221
4.9%
2020
2021
% Change
$480,481
$672,199
39.9%
49
46
-6.1%
$1,450,000
$2,100,000
44.8%
1,124
646
-42.5%
99.5%
103.3%
3.8%
$540,060,824
$434,240,756
-19.6%
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 September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2020
2021
% Change
$991,648
$1,189,726
20.0%
65
58
-10.8%
$8,000,000
$7,900,000
-1.3%
1,086
1,339
23.3%
98.0%
100.6%
2.7%
$1,076,929,614
$1,593,043,085
47.9%
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 September
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
$596,406
$699,232
17.2%
52
45
-13.5%
$2,500,000
$3,300,000
32.0%
360
443
23.1%
99.7%
103.9%
4.2%
$214,706,066
$309,759,768
44.3%
2020
2021
% Change
$516,013
$620,679
20.3%
59
39
-33.9%
$4,000,000
$8,150,000
103.8%
1,358
1,374
1.2%
99.2%
102.4%
3.2%
$700,745,786
$852,812,414
21.7%
2020
2021
% Change
$663,077
$804,405
21.3%
65
41
-36.9%
$2,000,000
$2,700,000
35.0%
246
250
1.6%
99.8%
104.2%
4.4%
$163,117,016
$201,101,208
23.3%
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.
36.9% The average days on market in Louisville decreased by 36.9% January through September 2021 compared to that of 2020.
LOUISVILLE
January through September
2021
LONGMONT
Average Price
2020
LAFAYETTE
January through September
LYONS
31.3% The highest price in Lyons increased by 31.3%
January through September Average Price Average Days on Market Highest Price
January through September 2021 compared to
Properties Sold
that of 2020.
% Sold Price to List Price
NORTH BOULDER
MOUNTAIN & CANYON COMMUNITIES
Total Sold Sales Volume
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2020
2021
% Change
$567,057
$833,420
47.0%
66
65
-1.5%
$1,600,000
$2,100,000
31.3%
82
61
-25.6%
98.8%
99.9%
1.1%
$46,498,700
$50,838,593
9.3%
2020
2021
% Change
$559,014
$687,026
22.9%
68
73
7.4%
$2,183,000
$12,000,000
449.7%
136
204
50.0%
98.0%
98.4%
0.4%
$76,025,889
$140,153,208
84.3%
Nederland, Allenspark, Gilpin County
21.9%
January through September Average Price Average Days on Market Highest Price
The average days on market in North Boulder
Properties Sold
decreased by 21.9% January through
% Sold Price to List Price
September 2021 compared to that of 2020.
Total Sold Sales Volume
2020
2021
% Change
$964,163
$1,179,504
22.3%
64
50
-21.9%
$6,650,000
$7,900,000
18.8%
267
282
5.6%
98.2%
100.5%
2.3%
$257,431,470
$332,620,221
29.2%
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
January through September
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
$837,011
$1,000,751
19.6%
48
38
-20.8%
$2,950,000
$3,900,000
32.2%
192
243
26.6%
100.1%
103.9%
3.8%
$160,706,080
$243,182,400
51.3%
2020
2021
% Change
$647,943
$797,205
23.0%
52
44
-15.4%
$1,371,250
$1,740,000
26.9%
134
167
24.6%
100.1%
105.7%
5.6%
$86,824,424
$133,133,275
53.3%
2020
2021
% Change
$1,264,929
$1,575,062
24.5%
74
62
-16.2%
$5,675,000
$4,400,000
-22.5%
60
99
65.0%
96.8%
100.1%
3.4%
$93,604,734
$155,931,125
66.6%
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.
23.0% The average price in Superior increased by 23.0% January through September 2021 compared to that of 2020.
UNIVERSITY HILL & CHAUTAUQUA
January through September
2021
SUPERIOR
Average Price
2020
SOUTH BOULDER
January through September
WESTMINSTER
January through September Average Price
2020
2021
% Change
$422,429
$505,327
19.6%
15
36
140.0%
$1,600,000
$2,750,000
71.9%
1,459
1,544
5.8%
100.7%
104.5%
3.8%
$616,323,535
$780,224,370
26.6%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
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MICROMARKET REPORT | Boulder JANUARY - SEPTEMBER 2021 • COLORADOMICROREPORTS.COM