LIVREPORT MICROMARKET
BOULDER | Year-End 2015
C O LO R A D O M I C R O R E P O R TS . C O M
BOULDER COUNTY NEIGHBORHOODS 11
12
14
13
10
6
5
15
2
1
3
9 4
16
17
18
8
7
1. Central Boulder & Historic District
7. Louisville
13. Eastern Boulder County Plains
2. Downtown
8. Superior
14. Foothills Communities
3. University Hill & Chautauqua
9. Lafayette
15. Mountain & Canyon Communities
4. South Boulder
10. Erie
16. Broomfield
5. East Boulder & Gunbarrel
11. Longmont
17. Westminster
6. North Boulder
12. Lyons
18. Arvada
North Denver Metro Market
MICROMARKET REPORT | BOULDER YEAR-END 2015 | 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.
BOULDER AREA The Boulder Area Micro Market Report (MMR), prepared by LIV Sotheby’s International Realty, compares 2015 year-end statistics (January through December), to that of 2014, for single family homes and attached dwellings. The average sales price of single family and attached dwellings combined rose 11.8% in Boulder County, resulting in an average price of $505,991. In the City of Boulder, the average price rose 15.5% for single family homes and attached dwellings, resulting in an average price of $673,789.
New listings are down 3.4% in the county and down 8.8% in the city. At the same time, the number of properties sold has increased 5.6% in the county and 1.8% in the city, meaning inventory has dropped substantially. As a result of this strong demand and limited supply, we are continuing to see upward pressure on prices, less time on the market, and higher sell price/list price ratios nearly across the board. We are in the midst of a very competitive and fast-moving market, with many positive economic variables that indicate there will be continued strong demand. Boulder and its surrounding communities are consistently rated as the best places to live in America, and with near 100% employment, Boulder real estate is sought after for both lifestyle and investment reasons. Buyers are frequently frustrated by missed opportunities resulting from the prevalence of competitive bidding situations. The “hottest” neighborhoods leading in terms of dollars per square foot are located in the core of Boulder – the Historic District, Downtown, and University Hill. Nearly all of the cities of the eastern Boulder County plains are also appreciating quickly, with average price increases of at least 10%.
January-December Highlights:
• Louisville’s average price is $515,789 – up 9.2% • Foothills Communities of Boulder County’s average price is $758,887 – up 16.0% • University Hill’s average price is $1,073,049 – up 21.3% • Central Boulder and Historic District’s average price is $1,147,700 – up 8.9%
4,914
homes sold for an average of
$505,991
or, $2,486,440,112 total dollar volume sold.
BOULDER COUNTY All Properties January through December
2014
2015
% Change
New Listings
6,213
6,001
-3.4%
Sold Listings (All Properties)
4,653
4,914
5.6%
Sold Single Family
3,252
3,538
8.8%
Sold Condo
1,401
1,376
-1.8%
68
59
-13.2%
$452,649
$505,991
11.8%
Average Days on Market Average Price % Sold Price to List Price Total Sold Sales Volume
98%
100%
2.0%
$2,106,175,856
$2,486,440,112
18.1%
MICROMARKET REPORT | BOULDER YEAR-END 2015 | 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.
BOULDER MARKET | MARKETS BY AREA
All Properties
CITY OF BOULDER January through December
2014
2015
% Change
New Listings
2,448
2,233
-8.8%
1,791
1,824
1.8%
Sold Single Family
974
1,012
3.9%
Sold Condo
817
812
-0.6%
75
60
-20.0%
$583,399
$673,789
15.5%
98%
99%
1.0%
Sold Listings (All Properties)
Average Days on Market Average Price % Sold Price to List Price
CENTRAL BOULDER & HISTORIC DISTRICT Mapleton Hill, Whittier, Newlands, Green Meadows, Sunset Hill, Panorama Heights
January through December Single Family
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2014
2015
% Change
$1,053,951
$1,147,700
8.9%
74
78
5.4%
$3,300,000
$5,050,000
53.0%
185
200
8.1%
97%
98%
1.0%
2014
2015
% Change
$522,535
$581,317
11.2%
91
61
-33.0%
$5,300,000
$3,750,000
-29.2%
162
183
13.0%
97%
100%
3.1%
2014
2015
% Change
$884,340
$1,073,049
21.3%
90
76
-15.6%
$2,830,000
$3,350,000
18.4%
105
104
-1.0%
97%
98%
1.0%
DOWNTOWN BOULDER Attached Dwellings
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
UNIVERSITY HILL & CHAUTAUQUA
Floral Park, Geneva Park, Bellevue, Rose Hill, Columbine, Interurban Park
Single Family & Attached Dwellings
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER YEAR-END 2015 | 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.
BOULDER MARKET | MARKETS BY AREA
SOUTH BOULDER
Devil’s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows
Single Family & Attached Dwellings
January through December Average Price
2014
2015
% Change
$502,104
$573,132
14.1%
53
45
-15.1%
$1,770,000
$3,489,000
97.1%
342
330
-3.5%
99%
101%
2.0%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
EAST BOULDER & GUNBARREL
Four Mile Creek, Noble Park, Palo Park, Orange Orchard, Boulder Country Club, Country Club Estates
Single Family & Attached Dwellings
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2014
2015
% Change
$426,642
$466,830
9.4%
64
52
-18.8%
$2,200,000
$2,400,000
9.1%
605
653
7.9%
99%
101%
2.0%
NORTH BOULDER
Wonderland Hill, Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay’s Orchard, Moores
Single Family & Attached Dwellings
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2014
2015
% Change
$582,090
$729,142
25.3%
92
56
-39.1%
$2,814,400
$4,495,000
59.7%
352
313
-11.1%
98%
100%
2.0%
MICROMARKET REPORT | BOULDER YEAR-END 2015 | 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.
BOULDER MARKET | MARKETS BY AREA
CITY OF LOUISVILLE Single Family & Attached Dwellings
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2014
2015
% Change
$472,520
$515,789
9.2%
51
48
-5.9%
$1,375,000
$1,408,000
2.4%
243
260
7.0%
100%
100%
0.0%
2014
2015
% Change
$435,016
$505,747
16.3%
52
44
-15.4%
$838,099
$1,142,333
36.3%
178
167
-6.2%
99%
102%
3.0%
2014
2015
% Change
$371,352
$416,980
12.3%
58
58
0.0%
$2,100,000
$1,423,333
-32.2%
469
439
-6.4%
100%
102%
2.0%
CITY OF SUPERIOR Single Family & Attached Dwellings
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
CITY OF LAFAYETTE Single Family & Attached Dwellings
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER YEAR-END 2015 | 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.
BOULDER MARKET | MARKETS BY AREA
CITY OF ERIE AND SOUTHWEST WELD COUNTY Frederick, Firestone, Dacono
Single Family & Attached Dwellings
January through December
2014
2015
% Change
$327,736
$363,364
10.9%
71
73
2.8%
$1,137,673
$1,495,000
31.4%
998
1,366
36.9%
99%
100%
1.0%
2014
2015
% Change
$287,847
$323,038
12.2%
56
52
-7.1%
$1,430,000
$1,085,000
-24.1%
Properties Sold
1,371
1,565
14.2%
% Sold Price to List Price
99%
101%
2.0%
2014
2015
% Change
$448,506
$516,186
15.1%
83
92
10.8%
$760,000
$770,000
1.3%
46
49
6.5%
98%
98%
0.0%
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
CITY OF LONGMONT Single Family & Attached Dwellings
January through December Average Price Average Days on Market Highest Price
CITY OF LYONS Single Family & Attached Dwellings
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER YEAR-END 2015 | 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.
BOULDER MARKET | MARKETS BY AREA
EASTERN BOULDER COUNTY PLAINS
Niwot, Hygiene, Sommerset Estates, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills
Single Family & Attached Dwellings
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2014
2015
% Change
$631,060
$652,264
3.4%
81
65
-19.8%
$3,350,000
$3,050,000
-9.0%
401
487
21.4%
97%
98%
1.0%
2014
2015
% Change
$677,661
$785,887
16.0%
122
117
-4.1%
$4,000,000
$6,300,000
57.5%
129
160
24.0%
95%
96%
1.1%
FOOTHILLS COMMUNITIES
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
January through December Single Family
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MOUNTAIN & CANYON COMMUNITIES
Nederland, Allenspark, Coal Creek Canyon, Golden Gate Canyon, Gilpin & Jefferson County
January through December Single Family
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2014
2015
% Change
$350,072
$349,301
-0.2%
122
117
-4.1%
$2,650,000
$887,500
-66.5%
205
281
37.1%
96%
98%
2.1%
MICROMARKET REPORT | BOULDER YEAR-END 2015 | 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.
NORTH DENVER METRO MARKET | MARKETS BY AREA
CITY OF BROOMFIELD Single Family & Attached Dwellings
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2014
2015
% Change
$381,624
$424,581
11.3%
60
46
-23.3%
$2,550,000
$2,585,103
1.4%
489
430
-12.1%
99%
99%
0.0%
2014
2015
% Change
$404,730
$483,600
19.5%
64
71
10.9%
$1,750,000
$1,429,000
-18.3%
126
174
38.1%
99%
99%
0.0%
2014
2015
% Change
$322,884
$360,802
11.7%
53
31
-41.5%
$708,500
$1,200,000
69.4%
107
127
18.7%
99.0%
100.0%
1.0%
CITY OF WESTMINSTER January through December Single Family
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
CITY OF ARVADA January through December Single Family
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER YEAR-END 2015 | 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.
COLORADO LUXURY REAL ESTATE EXPERTS BOULDER
CASTLE PINES
1050 Walnut Street Boulder, CO 80302 303.443.6161
858 W. Happy Canyon Road, Suite 100 Castle Rock, CO 80108 303.660.8800
DENVER TECH CENTER
31955 Castle Court, #1 South Evergreen, CO 80439 303.674.3200
BEAVER CREEK
EDWARDS
26 Avondale Lane, #119 Beaver Creek, CO 81620 970.845.0400
292 E. Meadow Drive, Suite 101 Vail, CO 81657 970.476.7944
101 South Main Street Breckenridge, CO 80424 970.453.0550
EVERGREEN
1512 Larimer Street, #46R Denver, CO 80202 303.893.3200
VAIL
BRECKENRIDGE
255 Clayton Street, Unit 100 North Denver, CO 80206 303.893.3200
100 Saint Paul Street, Suite 200 Denver, CO 80206 303.893.3200
DOWNTOWN DENVER
8000 E. Belleview Avenue, Suite 200 Greenwood Village, CO 80111 303.893.3200
CHERRY CREEK (Clayton)
CHERRY CREEK (St. Paul)
34253 Highway 6, #2A Edwards, CO 81632 970.748.5150
34
36
LIV Sotheby’s International Realty Locations
BOULDER COUNTY BOULDER
|
CASTLE PINES VILLAGE
DOWNTOWN DENVER
|
EVERGREEN
BRECKENRIDGE
|
|
|
CHERRY CREEK
GREENWOOD VILLAGE
Boulder
25
VAIL VALLEY
DENVER 70
Downtown Denver Cherry Creek
VAIL VALLEY
Denver Tech Center
Evergreen
Edwards Beaver Creek
Vail
24
70
SUMMIT COUNTY 85
Breckenridge
285
25
Castle Pines
MICROMARKET REPORT | BOULDER YEAR-END 2015 | 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.
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