YEAR-END 2021
Micro Market Report BOULDER
333-375 Bellevue Drive
1426 Rembrandt Road
Boulder
MARKET UPDATE
Just north of Denver, the beautiful County of Boulder offers the opportunity to live at the crossroads of closeness to nature and a tight-knit, colorful community. Aptly named, this county lies at the base of the Rockies, next to the famous Flatiron rock formations. Because of its location, Boulder County has unparalleled access to incredible hiking, biking, camping, and rock climbing. With more than 150 miles of trails and 45,000 acres of open space to explore, it’s no wonder Boulder County is one of the healthiest communities in the nation. But this community has more than just outdoor activities to offer its residents. The University of Colorado at Boulder sits right in the center of the City of Boulder, and nearby Pearl Street features the area’s best local boutiques, restaurants, and bars. Here, residents will always have something new to explore close to home. LIV Sotheby’s International Realty produces a Micro Market Report focused on Boulder County and each of the unique cities and neighborhoods within and around it. The report examines year-end key performance indicators from 2021 and compares them to 2020. Across all neighborhoods, Boulder County saw a 15.5% increase in total dollar volume sold, growing from $3,603,242,260 in sales during 2020 to $4,161,793,289 in sales last year. Despite the 13.9% decrease in new listings coming onto the market in Boulder County, several neighborhoods within Boulder and its nearby communities experienced increases in the number of properties sold in 2021 compared to 2020. By far, the most impressive rise in property sales was seen in South Boulder. Here, the number of properties sold rose from 254 during 2020 to 618 last year – a 143.3% increase. The University Hill & Chautauqua neighborhood, popular for its nearness to the famous Flatirons, saw a 41.0% increase in homes sold over the last year. These increases in home sales are no surprise considering that Boulder was recently named one of the best cities to live in the country by U.S. News & World Report. The heightened demand for homes in the area, paired with a limited inventory of available homes, has resulted in an
appreciation of average home prices in several communities. Property prices within the Mountain & Canyon Communities increased by 41.4% over the last year, reaching an average price of $799,070. The City of Boulder also saw rising home values in 2021. The average price for residences here increased by 21.0% from $955,679 in 2020 to $1,155,900 last year. Homebuyers looking for a better deal on a home in Boulder may consider looking in East Boulder and Gunbarrel, where property prices rose the least, increasing by 11.1% to reach an average of $788,294. The influx of excited buyers looking to call Boulder County home influenced the speed of the marketplace in 2021. In the City of Broomfield, the average days on market decreased by 49.3%, dipping from 67 days during 2020 down to 34 days in 2021. The City of Louisville saw an impressive 33.9% decrease in the average days on market in 2021. Homes in the area sold within an average of 41 days last year. One of the only neighborhoods where the market didn’t pick up pace in 2021 was Central & Historic Boulder, where the average days on market rose from 68 days in 2020 to 76 days in 2021 – an 11.8% increase. 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.
BOULDER COUNTY January through December
2020
2021
% Change
New Listings
6,617
5,991
-9.5%
Sold Listings (All Properties)
5,068
4,660
-8.1%
Sold Single Family
3,651
3,251
-11.0%
Sold Condos
1,386
1,406
1.4%
60
48
-20.0%
$714,079
$635,750
-11.0%
98.7%
100.0%
1.3%
$3,603,242,260
$4,161,793,289
15.5%
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
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
MICRO MARKET REPORT | Boulder livsothebysrealty.com
JANUARY - DECEMBER 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 December
2020
2021
% Change
New Listings
2,683
2,311
-13.9%
Sold Listings (All Properties)
1,774
1,907
7.5%
Sold Single Family
1,035
1,112
7.4%
731
795
8.8%
64
57
-10.9%
$955,679
$1,155,909
21.0%
98.0%
99.8%
1.8%
2020
2021
% Change
$498,609
$577,450
15.8%
54
30
-44.4%
$1,490,000
$3,025,000
103.0%
2,778
2,847
2.5%
100.5%
103.4%
2.9%
$1,385,135,931
$1,644,001,179
18.7%
Sold Condos Average Days on Market Average Price % Sold Price to List Price
January through December Average Price Average Days on Market Highest Price
The highest priced home in Arvada
Properties Sold
increased by 103.0% in 2021 compared
% Sold Price to List Price
to that of 2020.
Total Sold Sales Volume
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2020
2021
% Change
$611,290
$758,455
24.1%
61
43
-29.5%
$4,000,000
$8,150,000
103.8%
2,117
1,759
-16.9%
98.6%
101.6%
3.0%
$1,294,101,123
$1,334,121,561
3.1%
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
$561,234
$651,301
16.0%
67
34
-49.3%
$3,500,000
$2,720,000
-22.3%
1,280
1,179
-7.9%
99.7%
102.7%
3.0%
$712,996,765
$767,883,952
7.7%
2020
2021
% Change
$1,192,460
$1,559,119
30.7%
68
76
11.8%
$7,000,000
$7,150,000
2.1%
273
301
10.3%
97.9%
98.5%
0.6%
$325,541,672
$469,294,702
44.2%
2020
2021
% Change
$1,034,295
$1,212,135
17.2%
96
85
-11.5%
$2,600,000
$4,000,000
53.8%
36
51
41.7%
96.6%
96.4%
-0.2%
$37,234,632
$61,818,870
66.0%
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 December
2021
CENTRAL & HISTORIC DISTRICT
January through December
2020
BROOMFIELD
January through December
The total sales volume in East Boulder
& Gunbarrel increased by 51.5% in 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
51.5%
January through December
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2020
2021
% Change
$709,638
$788,294
11.1%
60
51
-15.0%
$7,400,000
$5,750,000
-22.3%
619
844
36.3%
98.3%
102.6%
4.4%
$439,265,831
$665,319,819
51.5%
2020
2021
% Change
$496,762
$582,587
17.3%
49
34
-30.6%
$2,160,000
$1,970,000
-8.8%
1,422
875
-38.5%
99.6%
102.5%
2.9%
$706,395,506
$509,763,992
-27.8%
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 December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2020
2021
% Change
$1,037,286
$1,274,996
22.9%
65
58
-10.8%
$8,000,000
$7,900,000
-1.3%
1,362
1,494
9.7%
97.9%
100.2%
2.3%
$1,412,784,133
$1,904,844,029
34.8%
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 December
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
$596,492
$710,884
19.2%
50
45
-10.0%
$2,500,000
$3,300,000
32.0%
485
434
-10.5%
99.8%
103.4%
3.6%
$289,298,443
$308,523,612
6.6%
2020
2021
% Change
$531,112
$645,633
21.6%
59
38
-35.6%
$4,000,000
$8,150,000
103.8%
1,802
1,533
-14.9%
99.0%
102.0%
3.0%
$957,063,046
$989,754,856
3.4%
2020
2021
% Change
$667,805
$824,140
23.4%
62
41
-33.9%
$1,775,000
$2,700,000
52.1%
323
246
-23.8%
100.0%
103.4%
3.4%
$215,701,100
$202,738,546
-6.0%
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.
52.1% The highest price in Louisville increased by 52.1% in 2021 compared to that of 2020.
LOUISVILLE
January through December
2021
LONGMONT
Average Price
2020
LAFAYETTE
January through December
LYONS
32.2% The total sales volume in Lyons increased by 32.2% in 2021 compared to that of 2020.
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
NORTH BOULDER
MOUNTAIN & CANYON COMMUNITIES
Total Sold Sales Volume
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
2020
2021
% Change
$594,880
$786,164
32.2%
68
48
-29.4%
$1,600,000
$2,150,000
34.4%
106
110
3.8%
99.1%
100.3%
1.2%
$63,057,314
$86,477,993
37.1%
2020
2021
% Change
$551,155
$779,070
41.4%
74
76
2.7%
$2,183,000
$12,000,000
449.7%
193
155
-19.7%
98.4%
97.8%
-0.6%
$106,372,889
$120,755,841
13.5%
Nederland, Allenspark, Gilpin County
21.0%
January through December Average Price Average Days on Market Highest Price
The average days on market in North Boulder
Properties Sold
decreased by 21.0% in 2021 compared to that
% Sold Price to List Price
of 2020.
Total Sold Sales Volume
2020
2021
% Change
$993,320
$1,106,399
11.4%
62
49
-21.0%
$7,200,000
$7,900,000
9.7%
377
357
-5.3%
98.3%
100.5%
2.2%
$374,481,660
$394,984,449
5.5%
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
January through December
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
$841,766
$1,090,488
29.5%
52
43
-17.3%
$2,950,000
$7,900,000
167.8%
254
618
143.3%
99.8%
101.7%
1.9%
$213,808,685
$673,921,610
215.2%
2020
2021
% Change
$658,541
$858,345
30.3%
49
43
-12.2%
$1,165,000
$1,740,000
49.4%
182
154
-15.4%
100.4%
105.3%
4.9%
$119,854,516
$132,185,084
10.3%
2020
2021
% Change
$1,523,710
$1,698,452
11.5%
81
64
-21.0%
$6,800,000
$4,400,000
-35.3%
83
117
41.0%
97.3%
99.3%
2.1%
$126,467,914
$198,718,896
57.1%
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.
30.3% The average price in Superior increased by 30.3% in 2021 compared to that of 2020.
UNIVERSITY HILL & CHAUTAUQUA
January through December
2021
SUPERIOR
Average Price
2020
SOUTH BOULDER
January through December
WESTMINSTER
January through December Average Price
2020
2021
% Change
$427,938
$509,128
19.0%
49
21
-57.1%
$2,700,000
$2,570,000
-4.8%
2,006
1,965
-2.0%
100.7%
103.7%
3.0%
$858,443,684
$1,000,436,677
16.5%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price Total Sold Sales Volume
WHY COLORADO?
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CRAFT BREWERIES
MICRO MARKET REPORT | Boulder JANUARY - DECEMBER 2021 • COLORADOMICROREPORTS.COM