Micro Market Report

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 offer. Over the past few years, Boulder County and the special communities within it have seen strong real estate activity because of the unique lifestyle the area provides.

2022 is now over and what a year it was. In the back half of 2022, the real estate market showed strong signs of normalizing after the 2021 COVID-driven boom. The first half of the year saw incredibly high buyer demand, and it felt similar to 2021 market. The market started to shift when mortgage interest rates started to rise. This was intended to tamp down buyer demand, but because of the limited inventory in Boulder County, listings decreased by 31% in the last quarter of 2022 in comparison to that of 2021, there were fewer transactions, and but the remaining demand resulted in homes selling quickly, leading to a decrease in the number of days on market from 48 days in Q4 2021 to 45 in Q4 2022.

The media and many “experts” anticipated that home prices would fall in, but that hasn’t been the case in highly sought out areas like Boulder. To further understand the Boulder County market, one must look at Boulder’s micro markets because there are many nuances within a small geographic region. In Q4, 2022 Downtown Boulder saw a 53.8% average price increase vs Q4 2021, and the city of Superior saw a 3.6% decrease for the same time period.

We recognize each neighborhood is unique and no two regions respond to market shifts the same way. LIV Sotheby’s International Realty is proud to present our yearend Micro Market Report, representing the metrics of many key and beloved Boulder neighborhoods.

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

Based on Information from IRES, LLC and REColorado for the period January 1st, 2022 - December 31th, 2022. 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.