MICROMARKET REPORT |
Boulder • Mid-Year 2019
BOULDER COUNTY NEIGHBORHOODS 15
3
1.
Mountain & Canyon Communities
2.
Foothills Communities
3. Lyons 4. 2
North Boulder
5. Downtown
10
14
4
9
6.
University Hill & Chautauqua
7.
Central Boulder & Historic District
8.
South Boulder
9.
East Boulder & Gunbarrel
10.
Eastern Boulder County Plains
11. Superior 12. Louisville
1
5
7
13. Lafayette 14. Erie 15. Longmont
6
13 8
11
12
Pictured on cover: 2211 6th Street, Boulder
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BOULDER market update Walking along brick-lined Pearl Street, enjoying the acclaimed 300 days of sunshine, or meeting like-minded adventurers – Boulder County offers an unbeatable lifestyle for many. With the close accessibility to nature as well as the charming feel of a tight-knit community, Boulder County is often an attractive location for real estate investments. LIV Sotheby’s International Realty produces a Micro Market Report focused on Boulder County and each of the unique neighborhoods within it. Overall, Boulder County is once again proving to be an active market for real estate with the biggest increase for all of Boulder County being a 10.1% increase in the number of new listings. In 2018 there were 3,457 new
BOULDER COUNTY
listings January through June, and for 2019 the report shows 3,805 during the same time frame.
January through June
2018
% Change
2019
New Listings
3,457
3,805
10.1%
Looking at the different neighborhoods of Boulder County, there are some
Sold Listings (All Properties)
2,315
2,251
-2.8%
significant increases including a notable 46.4% increase in average price
Sold Single Family
1,610
1,611
0.1%
for the Foothills Communities, raising the average price to $892,943 in
Sold Condo
705
640
-9.2%
2019 from $610,071 in 2018. While many areas reported increases in
Average Days on Market
56
61
8.9%
average price, which is good news for sellers, many areas also showed an
Average Price
$669,975
$664,997
-0.7%
increase in average days on market, which is good news for buyers. The
% Sold Price to Original List Price
99.5%
98.0%
-1.5%
increase in average days on market allows more time for buyers to make
Total Dollar Volume Sold
$1,550,993,267
$1,496,908,278
-3.5%
real estate decisions. Buyers and sellers can both benefit this year from their real estate investments in Boulder County. This highly desired community is once again drawing interest, for those wanting to live the raved-about Boulder lifestyle.
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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.
MICROMARKET REPORT | Boulder 2019 • COLORADOMICROREPORTS.COM
CITY OF BOULDER January through June
2018
New Listings
2019
% Change
1,349
1,464
8.5%
Sold Listings (All Properties)
857
750
-12.5%
Sold Single Family
483
448
-7.2%
Sold Condo
374
302
-19.3%
53
63
18.9%
$900,834
$914,553
1.5%
100.0%
98.9%
-1.1%
Average Days on Market Average Price % Sold Price to List Price
3601 Arapahoe Ave #432, City of Boulder
CENTRAL & HISTORIC BOULDER January through June
2018
Average Price
$1,195,130
$1,069,905
-10.5%
58
55
-5.2%
$5,200,000
$4,500,000
-13.5%
120
122
1.7%
99.4%
99.2%
-0.2%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
% Change
Historic Boulder is famed for its pedestrian-friendly mall, lined with the city’s acclaimed restaurants, bookstores, boutiques, sidewalk cafes, and plaques that highlight the area’s history.
Mapleton Hill, Whittier, Newlands, Green Meadows, Sunset Hill, Panorama Heights
DOWNTOWN BOULDER January through June
2018
2019
Average Price
$1,442,751
$1,437,428
-0.4%
142
108
-23.9%
$5,500,000
$2,495,000
-54.6%
20
14
-30.0%
98.8%
97.2%
-1.6%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
23.9%
The average days on market for Downtown Boulder decreased by 23.9% January through June 2019 compared to that of 2018.
coloradomicroreports.com
UNIVERSITY HILL & CHAUTAUQUA University Hill is an eclectic area across from the University of Colorado campus, home to many shops, lively bars, and plenty of dining options.
January through June
2018
Average Price
$1,647,586
$1,392,834
-15.5%
48
70
45.8%
$4,750,000
$3,900,000
-17.9%
40
43
7.5%
99.7%
97.0%
-2.8%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
% Change
Floral Park, Geneva Park, Bellevue, Rose Hill, Columbine, Interurban Park
SOUTH BOULDER
15.1%
January through June Average Price
2018
Highest Price
$917,075
15.1%
47
52
10.6%
$3,290,000
$3,304,800
0.4%
121
105
-13.2%
99.9%
99.0%
-0.9%
Properties Sold % Sold Price to List Price
% Change
$796,862
Average Days on Market
The average price for South Boulder increased by 15.1% January through June 2019 compared to that of 2018.
2019
Devil’s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows
NORTH BOULDER January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$838,160
$950,512
13.4%
50
65
30.0%
$2,800,000
$4,500,000
60.7%
191
151
-20.9%
99.2%
98.7%
-0.5%
4302 Apple Way, North Boulder
MICROMARKET REPORT | Boulder livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
EAST BOULDER & GUNBARREL January through June Average Price
2018
$680,059
6.8%
57
51
-10.5%
$3,380,000
$4,761,819
40.9%
443
379
-14.4%
99.8%
98.7%
-1.1%
Properties Sold % Sold Price to List Price
% Change
$636,944
Average Days on Market Highest Price
2019
10.5%
The average days on market for East Boulder & Gunbarrel decreased by 10.5% January through June 2019 compared to that of 2018.
Wonderland Hill,Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay’s Orchard, Moores
LOUISVILLE January through June Average Price
2018
$681,684
2.7%
46
50
8.7%
$1,575,000
$2,000,000
27.0%
131
155
18.3%
100.5%
98.4%
-2.1%
Properties Sold % Sold Price to List Price
% Change
$663,910
Average Days on Market Highest Price
2019
816 Lincoln Ave, Louisville
SUPERIOR January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$562,427
$623,707
10.9%
44
36
-18.2%
$972,000
$1,225,762
26.1%
94
85
-9.6%
100.1%
98.8%
-1.3%
10.9%
The average price for Superior increased by 10.9% January through June 2019 compared to that of 2018.
coloradomicroreports.com
LAFAYETTE January through June Average Price
2018
$557,466
-1.1%
41
51
24.4%
$1,600,000
$1,280,000
-20.0%
228
238
4.4%
100.5%
98.4%
-2.1%
Properties Sold % Sold Price to List Price
% Change
$563,406
Average Days on Market Highest Price
2019
610 Rawlins Way, Lafayette
ERIE/SOUTHWEST WELD COUNTY
6.1%
January through June Average Price
2018
Highest Price
$463,352
3.6%
50
55
10.0%
$1,215,000
$1,585,000
30.5%
594
630
6.1%
99.6%
99.1%
-0.5%
Properties Sold % Sold Price to List Price
% Change
$447,125
Average Days on Market
January through June 2019, the number of properties sold in Erie increased by 6.1% compared to that 2018.
2019
Frederick, Firestone, Dacono
LONGMONT January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$473,702
$464,457
-2.0%
55
63
14.5%
$363,000
$355,000
-2.2%
801
809
1.0%
100.0%
98.3%
-1.7%
4115 Greens Place, Longmont
MICROMARKET REPORT | Boulder livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
LYONS January through June Average Price
2018
$577,342
-3.3%
51
50
-2.0%
$1,594,000
$1,086,246
-31.9%
66
40
-39.4%
98.1%
99.1%
1.0%
Properties Sold % Sold Price to List Price
% Change
$596,955
Average Days on Market Highest Price
2019
BOULDER COUNTY PLAINS January through June Average Price
2018
$1,082,848
2.6%
79
71
-10.1%
$3,000,000
$4,716,819
57.2%
67
68
1.5%
97.0%
97.3%
0.3%
Properties Sold % Sold Price to List Price
10.1%
% Change
$1,055,894
Average Days on Market Highest Price
2019
Niwot, Hygiene, Somerset Meadows, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills
The average average days on market for Boulder County Plains decreased by 10.1% January through June 2019 compared to that of 2018.
FOOTHILLS COMMUNITIES January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$610,071
$892,943
46.4%
114
77
-32.5%
$1,365,000
$2,500,000
83.2%
20
19
-5.0%
97.2%
101.1%
4.0%
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs 1133 Timber Lane, Foothiils
coloradomicroreports.com
5.5%
January through June 2019, the average price in the Mountain & Canyon Communities increased by 5.5%.
MOUNTAIN & CANYON COMMUNITIES January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$545,968
$575,888
5.5%
81
91
12.3%
$1,240,000
$1,330,000
7.3%
32
30
-6.3%
97.7%
97.1%
-0.6%
Nederland, Allenspark, Coal Creek Canyon, Golden Gate Canyon, Gilpin, Jefferson County
NUMBER OF DAYS OF SUNSHINE: 300
BOULDER COUNTY PARKS: 60
ACRES OF PRESERVED OPEN SPACE: 45,000
MICROMARKET REPORT | Boulder livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
WHY COLORADO?
NATIONAL PARKS: 4
MOUNTAIN RANGES: 7
AVERAGE DAYS OF SUNSHINE ANNUALLY: 300
SKI AREAS & RESORTS: 28
CRAFT BREWERIES: 350+
IMAGINE.
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DESIGN.
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SHOP.
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The life you love.
livsothebysrealty.com | 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.