LIV REPORT MICROMARKET
BOULDER | Quarter 1 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 Metro Market
MICROMARKET REPORT | BOULDER QUARTER 1 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 The Boulder Area Micro Market Report (MMR), prepared by LIV Sotheby’s International Realty, compares 2015 first quarter statistics, to those of 2014, for single family homes and condos. The average price of single family homes and condos combined rose 10% in Boulder County, resulting in an average price of $478,757. In the City of Boulder, single family homes and condos rose 15%, resulting in an average price of $632,133.
AREA
Quarter 1 Highlights:
• Central Boulder & Historic District’s average price is $1,160,471 – up 38% • Downtown Attached Dwellings average price is $593,746 – up 23%
The number of new listings coming on the market has dropped 10% in Boulder County and 18% in the City of Boulder. Meanwhile, the number of sold listings have increased 23% and 20% respectively, making for a very 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. While the central core of Boulder leads the pack in terms of appreciation rate, we have also seen great interest and activity in the Foothills Communities of Boulder County, including the city of Lyons, which was heavily damaged by the floods of September 2013.
997
homes sold for an average of
$478,757
or, $477,321,165 total dollar volume sold.
BOULDER COUNTY All Properties January through March
2014
2015
% Change
New Listings
1,643
1,485
-9.6%
Sold Listings (All Properties)
813
997
22.6%
Sold Single Family
573
696
21.5%
Sold Condo
240
301
25.4%
78
70
-10.3%
$435,468
$478,757
9.9%
Average Days on Market Average Price % Sold Price to List Price Total Sold Sales Volume
97%
99%
2.0%
$354,035,521
$477,321,165
34.8%
MICROMARKET REPORT | BOULDER QUARTER 1 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 BOULDER All Properties
January through March
2014
2015
% Change
New Listings
665
547
-17.7%
Sold Listings (All Properties)
301
362
20.3%
Sold Single Family
154
189
22.7%
Sold Condo
147
173
17.7%
83
66
-20.5%
$551,629
$632,133
14.6%
97%
98%
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 March Single Family
Average Price Average Days on Market
2014
2015
% Change
$841,489
$1,160,471
37.9%
63
93
47.6%
Highest Price
$1,600,000
$4,900,000
206.3%
Lowest Price
$214,975
$410,000
90.7%
25
46
84.0%
97%
96%
-1.0%
2014
2015
% Change
$484,521
$593,746
22.5%
114
57
-50.0%
Highest Price
$3,300,000
$2,780,000
-15.8%
Lowest Price
$112,000
$116,000
3.6%
28
42
50.0%
96%
100%
4.0%
2014
2015
% Change
$924,438
$755,578
-18.3%
92
62
-32.6%
Highest Price
$2,250,000
$1,800,000
-20.0%
Lowest Price
$165,000
$225,000
36.4%
16
18
12.5%
96%
100%
4.0%
Properties Sold % Sold Price to List Price
DOWNTOWN BOULDER Attached Dwellings
January through March 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 March Average Price Average Days on Market
Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER QUARTER 1 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 March Average Price
2014
2015
% Change
$439,737
$475,330
8.1%
51
44
-13.7%
Highest Price
Average Days on Market
$1,206,000
$1,249,900
3.6%
Lowest Price
$148,000
$134,000
-9.5%
66
62
-6.1%
99%
100%
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 March
2014
2015
$366,529
$433,655
18.3%
71
60
-15.5%
Highest Price
$1,245,000
$1,720,000
38.2%
Lowest Price
$97,500
$92,000
-5.6%
104
109
4.8%
98%
99%
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 March
2014
2015
$631,971
$646,095
2.2%
114
56
-50.9%
Highest Price
$2,814,400
$1,890,000
-32.8%
Lowest Price
$127,278
$136,630
7.3%
48
61
27.1%
98%
100%
2.0%
Average Price Average Days on Market
Properties Sold % Sold Price to List Price
% Change
MICROMARKET REPORT | BOULDER QUARTER 1 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 March Average Price Average Days on Market
2014
2015
% Change
$458,956
$455,849
-0.7%
50
53
6.0%
Highest Price
$1,336,500
$930,000
-30.4%
Lowest Price
$97,000
$145,000
49.5%
42
68
61.9%
99%
99%
0.0%
2014
2015
% Change
$454,389
$442,410
-2.6%
58
57
-1.7%
Highest Price
$819,000
$943,000
15.1%
Lowest Price
$143,000
$160,000
11.9%
31
36
16.1%
99%
100%
1.0%
2014
2015
% Change
$353,273
$385,239
9.0%
62
65
4.8%
Highest Price
$1,074,000
$840,000
-21.8%
Lowest Price
$85,000
$140,000
64.7%
84
81
-3.6%
100%
100%
0.0%
Properties Sold % Sold Price to List Price
CITY OF SUPERIOR Single Family & Attached Dwellings
January through March Average Price Average Days on Market
Properties Sold % Sold Price to List Price
CITY OF LAFAYETTE Single Family & Attached Dwellings
January through March Average Price Average Days on Market
Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER QUARTER 1 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 March Average Price Average Days on Market
2014
2015
% Change
$302,020
$338,883
12.2%
79
62
-21.5%
Highest Price
$820,000
$1,859,000
126.7%
Lowest Price
$23,500
$60,000
155.3%
249
360
44.6%
99%
99%
0.0%
2014
2015
% Change
$282,398
$304,404
7.8%
63
62
-1.6%
Highest Price
$817,840
$863,000
5.5%
Lowest Price
$67,000
$79,500
18.7%
242
316
30.6%
98%
99%
1.0%
2014
2015
% Change
$416,471
$545,925
31.1%
84
106
26.2%
Highest Price
$562,265
$690,000
22.7%
Lowest Price
$270,000
$430,500
59.4%
8
7
-12.5%
98%
98%
0.0%
Properties Sold % Sold Price to List Price
CITY OF LONGMONT Single Family & Attached Dwellings
January through March Average Price Average Days on Market
Properties Sold % Sold Price to List Price
CITY OF LYONS Single Family & Attached Dwellings
January through March Average Price Average Days on Market
Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER QUARTER 1 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 March Average Price Average Days on Market
2014
2015
% Change
$645,334
$639,459
-0.9%
108
96
-11.1%
Highest Price
$3,350,000
$1,720,000
-48.7%
Lowest Price
$118,000
$135,750
15.0%
63
103
63.5%
96%
97%
1.0%
2014
2015
% Change
$628,834
$726,613
15.5%
128
139
8.6%
Highest Price
$4,000,000
$2,500,000
-37.5%
Lowest Price
$76,000
$375,000
393.4%
22
29
31.8%
89%
95%
6.0%
Properties Sold % Sold Price to List Price
FOOTHILLS COMMUNITIES
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
January through March 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 March
2014
2015
$336,694
$364,572
8.3%
179
156
-12.8%
Highest Price
$1,310,000
$1,237,000
-5.6%
Lowest Price
$39,855
$85,000
113.3%
52
64
23.1%
96%
97%
1.0%
Single Family
Average Price Average Days on Market
Properties Sold % Sold Price to List Price
% Change
MICROMARKET REPORT | BOULDER QUARTER 1 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 METRO MARKET | MARKETS BY AREA
CITY OF BROOMFIELD Single Family & Attached Dwellings
January through March Average Price Average Days on Market
2014
2015
% Change
$348,498
$386,149
10.8%
61
43
-29.5%
Highest Price
$1,170,960
$2,900,000
147.7%
Lowest Price
$104,000
$146,000
40.4%
219
210
-4.1%
99%
99%
0.0%
2014
2015
% Change
$239,551
$281,176
17.4%
35
21
-40.0%
Highest Price
$515,000
$560,000
8.7%
Lowest Price
$85,000
$117,000
37.6%
126
137
8.7%
99%
101%
2.0%
2014
2015
% Change
$265,511
$292,160
10.0%
42
23
-45.2%
Highest Price
$1,400,000
$1,400,000
0.0%
Lowest Price
$67,500
$85,500
26.7%
Properties Sold
400
375
-6.3%
% Sold Price to List Price
99%
100%
1.0%
Properties Sold % Sold Price to List Price
CITY OF WESTMINSTER Single Family & Attached Dwellings
January through March Average Price Average Days on Market
Properties Sold % Sold Price to List Price
CITY OF ARVADA Single Family & Attached Dwellings
January through March Average Price Average Days on Market
MICROMARKET REPORT | BOULDER QUARTER 1 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
CHERRY CREEK
400 S. Colorado Blvd., Suite 400 Denver, CO 80246 303.893.3200
DENVER TECH CENTER
DOWNTOWN DENVER
BEAVER CREEK VILLAGE
VAIL VALLEY
8000 E. Belleview Avenue, Suite 200 Greenwood Village, CO 80111 303.893.3200
255 Clayton Street, Unit 100 North Denver, CO 80206 303.893.3200
EVERGREEN
1512 Larimer Street, #46R Denver, CO 80202 303.893.3200
26 Avondale Lane, #119 Beaver Creek, CO 81620 970.845.0400
CHERRY CREEK-CLAYTON
31955 Castle Court, #1 South Evergreen, CO 80439 303.674.3200
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 Evergreen
Edwards
Greenwood Village
70
Beaver Creek 24
85
Breckenridge
285
25
Castle Pines Village
MICROMARKET REPORT | BOULDER QUARTER 1 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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