LIV REPORT MICROMARKET
BOULDER | Mid-Year 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 MID-YEAR 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 mid-year statistics, to those of 2014, for single family homes and condos. The average price of single family homes and condos combined, rose 13% in Boulder County, resulting in an average price of $491,789. In the City of Boulder, the average price of single family homes and condos rose 18%, resulting in an average price of $654,968. The number of new listings coming on the market has dropped 9% in Boulder County and 15% in the City of Boulder. Meanwhile, the number of sold listings have increased 6% and 4% respectively, making for a tight supply of inventory. Combine that with an already strong and growing demand, and you have significant upward price pressure, and market conditions that favor sellers.
Mid-Year Highlights: • • •
Downtown attached dwellings average price is $587,097 – up 25% South Boulder’s average price is $570,143 – up 18% Louisville’s average price is $509,010 – up 8%
2,615
homes sold for an average of
$491,789
or, $1,286,029,738 total dollar volume sold.
BOULDER COUNTY All Properties January through June
2014
2015
% Change
New Listings
4,227
3,850
-8.9%
Sold Listings (All Properties)
2,458
2,615
6.4%
Sold Single Family
1,722
1,832
6.4%
736
783
6.4%
66
58
-12.1%
$434,560
$491,789
13.2%
Sold Condo Average Days on Market Average Price % Sold Price to List Price Total Sold Sales Volume
98%
100%
1.3%
$1,067,712,754
$1,286,029,738
20.4%
MICROMARKET REPORT | BOULDER MID-YEAR 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 June
2014
2015
% Change
New Listings
1,669
1,426
-14.6%
918
958
4.4%
Sold Listings (All Properties) Sold Single Family
475
513
8.0%
Sold Condo
443
445
0.5%
74
56
-24.3%
$554,701
$654,968
18.1%
98%
99%
1.0%
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 June Single Family
Average Price Average Days on Market
2014
2015
% Change
$943,622
$1,064,494
12.8%
81
73
-9.9%
Highest Price
$3,300,000
$3,400,000
3.0%
Lowest Price
$349,500
$410,000
17.3%
85
109
28.2%
97%
99%
2.0%
2014
2015
% Change
$469,405
$587,097
25.1%
108
59
-45.4%
Highest Price
$3,300,000
$2,780,000
-15.8%
Lowest Price
$112,000
$116,000
3.6%
92
109
18.5%
98%
100%
2.0%
2014
2015
% Change
$925,777
$918,072
-0.8%
89
77
-13.5%
Highest Price
$2,830,000
$2,125,000
-24.9%
Lowest Price
$165,000
$115,000
-30.3%
59
54
-8.5%
97%
98%
1.0%
Properties Sold % Sold Price to List Price
DOWNTOWN BOULDER Attached Dwellings
January through June Average Price Average Days on Market
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 June Average Price Average Days on Market
Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER MID-YEAR 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 June Average Price
2014
2015
% Change
$482,447
$570,143
18.2%
Average Days on Market
46
38
-17.4%
Highest Price
$1,770,000
$3,489,000
97.1%
Lowest Price
$127,000
$134,000
5.5%
194
165
-14.9%
100%
101%
1.0%
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 June
2014
2015
$403,094
$458,606
13.8%
62
46
-25.8%
Highest Price
$1,950,000
$2,050,000
5.1%
Lowest Price
$97,500
$92,000
-5.6%
325
313
-3.7%
99%
100%
1.0%
Average Price Average Days on Market
Properties Sold % Sold Price to List Price
% Change
NORTH BOULDER
Wonderland Hill, Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay’s Orchard, Moores
Single Family & Attached Dwellings
January through June
2014
2015
$601,979
$712,203
18.3%
102
56
-45.1%
Highest Price
$2,814,400
$4,495,000
59.7%
Lowest Price
$142,500
$155,000
8.8%
151
163
7.9%
98%
100%
2.0%
Average Price Average Days on Market
Properties Sold % Sold Price to List Price
% Change
MICROMARKET REPORT | BOULDER MID-YEAR 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 June Average Price Average Days on Market
2014
2015
% Change
$472,688
$509,010
7.7%
43
47
9.3%
Highest Price
$1,375,000
$1,185,000
-13.8%
Lowest Price
$97,000
$145,000
49.5%
133
155
16.5%
101%
100%
-1.0%
2014
2015
% Change
$414,664
$461,912
11.4%
47
46
-2.1%
Highest Price
$819,000
$1,142,333
39.5%
Lowest Price
$143,000
$160,000
11.9%
103
100
-2.9%
99%
100%
1.0%
2014
2015
% Change
$367,334
$408,654
11.2%
55
55
0.0%
Highest Price
$1,074,000
$1,423,333
32.5%
Lowest Price
$85,000
$116,000
36.5%
257
251
-2.3%
100%
102%
2.0%
Properties Sold % Sold Price to List Price
CITY OF SUPERIOR Single Family & Attached Dwellings
January through June Average Price Average Days on Market
Properties Sold % Sold Price to List Price
CITY OF LAFAYETTE Single Family & Attached Dwellings
January through June Average Price Average Days on Market
Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER MID-YEAR 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 Single Family & Attached Dwellings
January through June Average Price Average Days on Market
2014
2015
% Change
$311,320
$345,719
11.0%
64
58
-9.4%
Highest Price
$723,845
$1,265,000
74.8%
Lowest Price
$50,000
$60,000
20.0%
683
973
42.5%
99%
100%
1.0%
2014
2015
% Change
$283,954
$312,563
10.1%
54
51
-5.6%
Highest Price
$768,000
$1,085,000
41.3%
Lowest Price
$67,000
$79,500
18.7%
734
827
12.7%
99%
101%
2.0%
2014
2015
% Change
$439,377
$511,938
16.5%
72
76
5.6%
Highest Price
$725,000
$690,000
-4.8%
Lowest Price
$255,000
$288,000
12.9%
23
18
-21.7%
98%
98%
0.0%
Properties Sold % Sold Price to List Price
CITY OF LONGMONT Single Family & Attached Dwellings
January through June Average Price Average Days on Market
Properties Sold % Sold Price to List Price
CITY OF LYONS Single Family & Attached Dwellings
January through June Average Price Average Days on Market
Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER MID-YEAR 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 June Average Price Average Days on Market
2014
2015
% Change
$597,264
$629,395
5.4%
84
70
-16.7%
Highest Price
$3,350,000
$2,050,000
-38.8%
Lowest Price
$118,000
$135,750
15.0%
198
561
183.3%
97%
99%
2.0%
2014
2015
% Change
$659,428
$748,631
13.5%
118
126
6.8%
Highest Price
$4,000,000
$3,099,500
-22.5%
Lowest Price
$250,000
$275,000
10.0%
64
75
17.2%
94%
96%
2.0%
Properties Sold % Sold Price to List Price
FOOTHILLS COMMUNITIES
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
January through June Single Family
Average Price Average Days on Market
Properties Sold % Sold Price to List Price
MOUNTAIN & CANYON COMMUNITIES
Nederland, Allenspark, Coal Creek Canyon, Golden Gate Canyon, Gilpin & Jefferson County
January through June
2014
2015
$363,458
$344,579
-5.2%
179
148
-17.3%
Highest Price
$2,650,000
$1,237,000
-53.3%
Lowest Price
$105,000
$105,000
0.0%
129
162
25.6%
96%
97%
1.0%
Single Family
Average Price Average Days on Market
Properties Sold % Sold Price to List Price
% Change
MICROMARKET REPORT | BOULDER MID-YEAR 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 June Average Price Average Days on Market
2014
2015
% Change
$395,963
$428,235
8.2%
51
45
-11.8%
Highest Price
$1,310,000
$2,900,000
121.4%
Lowest Price
$97,500
$146,000
49.7%
479
476
-0.6%
100%
101%
1.0%
2014
2015
% Change
$272,483
$307,288
12.8%
33
25
-24.2%
Highest Price
$610,000
$575,000
-5.7%
Lowest Price
$117,000
$171,500
46.6%
269
302
12.3%
100%
102%
2.0%
2014
2015
% Change
$301,868
$339,781
12.6%
40
30
-25.0%
Highest Price
$1,400,000
$1,400,000
0.0%
Lowest Price
$97,000
$140,490
44.8%
761
746
-2.0%
100%
101%
1.0%
Properties Sold % Sold Price to List Price
CITY OF WESTMINSTER Single Family & Attached Dwellings
January through June Average Price Average Days on Market
Properties Sold % Sold Price to List Price
CITY OF ARVADA Single Family & Attached Dwellings
January through June Average Price Average Days on Market
Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER MID-YEAR 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
CHERRY CREEK
858 W. Happy Canyon Road, Suite 100 Castle Rock, CO 80108 303.660.8800
DENVER TECH CENTER (DTC)
400 S. Colorado Blvd., Suite 400 Denver, CO 80246 303.893.3200
DOWNTOWN DENVER
8000 E. Belleview Avenue, Suite 200 Greenwood Village, CO 80111 303.893.3200
31955 Castle Court, #1 South Evergreen, CO 80439 303.674.3200
VAIL VALLEY
26 Avondale Lane, #119 Beaver Creek, CO 81620 970.845.0400
255 Clayton Street, Unit 100 North Denver, CO 80206 303.893.3200
EVERGREEN
1512 Larimer Street, #46R Denver, CO 80202 303.893.3200
BEAVER CREEK VILLAGE
CHERRY CREEK-CLAYTON
BRECKENRIDGE
34253 Highway 6, #2A Edwards, CO 81632 970.748.5150
101 South Main Street Breckenridge, CO 80424 970.453.0550 34
LIV Sotheby’s International Realty Locations 36
BOULDER
|
CASTLE PINES VILLAGE
DOWNTOWN DENVER
|
EVERGREEN
BRECKENRIDGE
|
|
|
CHERRY CREEK
GREENWOOD VILLAGE
Boulder
25
VAIL VALLEY
DENVER Downtown Denver
70
Cherry Creek
VAIL VALLEY
Denver Tech Center
Evergreen
Edwards
70
Beaver Creek 24
85
Breckenridge
285
25
Castle Pines
MICROMARKET REPORT | BOULDER MID-YEAR 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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