LIVREPORT MICROMARKET
BOULDER | January-September 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 JANUARY-SEPTEMBER 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 January through September 2015 statistics, to those of the same period 2014, for both single family homes and attached dwellings. The average price of single family homes and attached dwellings combined rose 10.3% in Boulder County, resulting in an average price of $499,583. In the City of Boulder, the average price of single family homes and condos rose 13.7%, resulting in an average price of $659,072. Inventory has increased, and the number of new listings coming on the market is up 18.7% in Boulder County and up 3.8% in the City of Boulder. Meanwhile, the number of listings sold have increased only 6.2% and 1.3% respectively, making for more choices for buyers than what existed during the accelerated summer months. Demand remains high, however prices are still on an upward trend. Across the board, days on market are dropping (now 57 days on average), and the sales price to list price ratio is up (averaging more than 100% in some areas), which evidences the still frenzied and hyper-competitive conditions in the marketplace.
January-September Highlights:
• Average sale price for a single family home in Central Boulder and the Historic District is now $1,083,864 – up 4.1% • Louisville’s average sale price is $509,417 – up 7.2% • Lafayette’s average sale price is $417,892 – up 14.0% • The number of sales in the Weld County cities of Erie, Frederick and Firestone are up 44%
3,853
homes sold for an average of
$499,583
or, $1,924,893,080 total dollar volume sold.
BOULDER COUNTY All Properties January through September
2014
2015
% Change
New Listings
2,996
3,555
18.7%
Sold Listings (All Properties)
3,628
3,853
6.2%
Sold Single Family
2,543
2,738
7.7%
Sold Condo
1,085
1,115
2.8%
67
57
-14.9%
$453,030
$499,583
10.3%
Average Days on Market Average Price % Sold Price to List Price Total Sold Sales Volume
98%
100%
2.0%
$1,643,594,296
$1,924,893,080
17.1%
MICROMARKET REPORT | BOULDER JANUARY-SEPTEMBER 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 September
2014
2015
% Change
New Listings
1,186
1,231
3.8%
Sold Listings (All Properties)
1,423
1,442
1.3%
Sold Single Family
764
780
2.1%
Sold Condo
659
662
0.5%
75
55
-26.7%
$579,502
$659,072
13.7%
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 September Single Family
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2014
2015
% Change
$1,040,803
$1,083,964
4.1%
72
73
1.4%
$3,300,000
$3,750,000
13.6%
142
157
10.6%
97%
98%
1.0%
2014
2015
% Change
$505,350
$598,919
18.5%
94
60
-36.2%
$5,300,000
$3,750,000
-29.2%
128
156
21.9%
98%
100%
2.0%
2014
2015
% Change
$871,287
$1,036,340
18.9%
88
79
-10.2%
$2,830,000
$2,600,000
-8.1%
81
82
1.2%
97%
98%
1.0%
DOWNTOWN BOULDER Attached Dwellings
January through September 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 September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER JANUARY-SEPTEMBER 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 September Average Price
2014
2015
% Change
$494,768
$578,104
16.8%
53
41
-22.6%
$1,770,000
$3,489,000
97.1%
286
240
-16.1%
100%
101%
1.0%
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 September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2014
2015
% Change
$423,374
$460,436
8.8%
64
44
-31.3%
$1,950,000
$2,050,000
5.1%
471
475
0.8%
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 September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2014
2015
% Change
$587,870
$689,788
17.3%
99
56
-43.4%
$2,814,400
$4,495,000
59.7%
280
259
-7.5%
99%
100%
1.0%
MICROMARKET REPORT | BOULDER JANUARY-SEPTEMBER 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 September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2014
2015
% Change
$475,151
$509,417
7.2%
47
45
-4.3%
$1,375,000
$1,185,000
-13.8%
193
213
10.4%
100%
101%
1.0%
2014
2015
% Change
$446,630
$494,440
10.7%
51
44
-13.7%
$819,000
$1,142,333
39.5%
141
131
-7.1%
99%
101%
2.0%
2014
2015
% Change
$366,449
$417,892
14.0%
56
61
8.9%
$1,074,000
$1,423,333
32.5%
370
342
-7.6%
100%
102%
2.0%
CITY OF SUPERIOR Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
CITY OF LAFAYETTE Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER JANUARY-SEPTEMBER 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 September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2014
2015
% Change
$327,909
$332,234
1.3%
71
59
-16.9%
$1,375,000
$1,400,000
1.8%
750
1,080
44.0%
100%
100%
0.0%
2014
2015
% Change
$288,623
$317,059
9.9%
56
50
-10.7%
$1,430,000
$1,085,000
-24.1%
1,046
1,204
15.1%
99%
101%
2.0%
2014
2015
% Change
$428,714
$514,517
20.0%
78
78
0.0%
$725,000
$770,000
6.2%
34
34
0.0%
98%
98%
0.0%
CITY OF LONGMONT Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
CITY OF LYONS Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER JANUARY-SEPTEMBER 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 September
2014
2015
% Change
$650,935
$644,425
-1.0%
83
65
-21.7%
$3,350,000
$3,050,000
-9.0%
Properties Sold
296
389
31.4%
% Sold Price to List Price
97%
99%
2.1%
2014
2015
% Change
$691,269
$747,486
8.1%
115
105
-8.7%
$4,000,000
$3,099,500
-22.5%
98
118
20.4%
95%
96%
1.1%
Average Price Average Days on Market Highest Price
FOOTHILLS COMMUNITIES
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
January through September 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 September Single Family
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2014
2015
% Change
$359,954
$342,680
-4.8%
150
110
-26.7%
$2,650,000
$887,500
-66.5%
147
215
46.3%
96%
98%
2.1%
MICROMARKET REPORT | BOULDER JANUARY-SEPTEMBER 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 September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2014
2015
% Change
$376,323
$422,329
12.2%
60
51
-15.0%
$1,868,000
$2,300,000
23.1%
390
340
-12.8%
100%
100%
0.0%
2014
2015
% Change
$280,148
$295,228
5.4%
45
37
-17.8%
$660,000
$575,000
-12.9%
105
100
-4.8%
100%
102%
2.0%
2014
2015
% Change
$279,702
$333,770
19.3%
45
41
-8.9%
$708,500
$1,200,000
69.4%
120
118
-1.7%
99%
101%
2.0%
CITY OF WESTMINSTER Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
CITY OF ARVADA Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER JANUARY-SEPTEMBER 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
858 W. Happy Canyon Road, Suite 100 Castle Rock, CO 80108 303.660.8800
DENVER TECH CENTER
EVERGREEN
1512 Larimer Street, #46R Denver, CO 80202 303.893.3200
31955 Castle Court, #1 South Evergreen, CO 80439 303.674.3200
BEAVER CREEK
VAIL
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
255 Clayton Street, Unit 100 North Denver, CO 80206 303.893.3200
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
BRECKENRIDGE
CHERRY CREEK
CHERRY CREEK
CASTLE PINES
1050 Walnut Street Boulder, CO 80302 303.443.6161
34253 Highway 6, #2A Edwards, CO 81632 970.748.5150
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 Beaver Creek
Vail
24
70 85
Breckenridge
285
25
Castle Pines
MICROMARKET REPORT | BOULDER JANUARY-SEPTEMBER 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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