MICROMARKET REPORT |
Boulder • Quarter 1 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 Boulder County is a sought-after location for many, offering an unmatched lifestyle with easy access to nature. Living in this esteemed area provides close proximity to bike paths, great walkability, a vibrant economy, a community feel, and a health-conscious environment. While 2018 was an active year for real estate in Boulder County, 2019 is off to a great start with many notable increases in performance. LIV Sotheby’s International Realty produces a Micro Market Report focused on Boulder County and the neighborhoods within it. As a whole, Boulder County is seeing an increase in new listings, up 12.4% compared to Q1 of 2018. Average days on market are down 1.5%, resulting in homes selling within 66 days on average. Breaking down into the different areas of Boulder County, there are
BOULDER COUNTY January through March
significant increases including the most notable, a 61.6% increase in
New Listings
average price for Boulder County Plains. This increase drove the average price from $704,939 in 2018 to $1,139,008 in Q1 of 2019. Impressively, Boulder County Plains also sold more properties so far with an increase of 55.6% of properties sold to 14 in 2019 (from 9 in 2018). Foothills
Average Days on Market
Communities also saw a significant increase in performance with a 24.7%
Average Price
increase in average price and a 16.7% increase in properties sold. Following
% Sold Price to Original List Price
closely behind, North Boulder & Gunbarrel resulted in a 20.3% increase in
Total Dollar Volume Sold
2018
% Change
2019
1,323
1,487
12.4%
Sold Listings (All Properties)
901
816
-9.4%
Sold Single Family
613
570
-7.0%
Sold Condo
288
246
-14.6%
67
66
-1.5%
$660,292
$667,661
1.1%
98.7%
97.4%
-1.3%
$594,923,022
$544,811,080
-8.4%
average price and a 7.1% increase in properties sold. Across the board for Boulder County, it’s evident that buyers are very much interested in investing in the community and taking part in the sought-after Boulder lifestyle.
livsothebysrealty.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.
MICROMARKET REPORT | Boulder 2019 • COLORADOMICROREPORTS.COM
CITY OF BOULDER January through March
2018
2019
% Change
New Listings
543
577
6.3%
Sold Listings (All Properties)
345
283
-18.0%
Sold Single Family
197
165
-16.2%
Sold Condo
148
118
-20.3%
65
68
4.6%
$895,311
$935,214
4.5%
97.9%
96.9%
-1.0%
Average Days on Market Average Price % Sold Price to List Price
2331 Bluff Street, Boulder
CENTRAL & HISTORIC BOULDER January through March
2018
2019
Average Price
$1,267,803
$1,132,314
-10.7%
108
84
-22.2%
$5,200,000
$4,500,000
-13.5%
47
42
-10.6%
98.0%
97.0%
-1.0%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% 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 March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,502,093
$1,392,500
-7.3%
113
189
67.3%
$5,500,000
$1,735,000
-68.5%
8
2
-75.0%
98.0%
94.0%
-4.1%
2040 16th Street, Boulder
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5.3%
The number of properties sold for University Hill & Chautauqua increased by 5.3% January through March 2019 compared to that of 2018.
UNIVERSITY HILL & CHAUTAUQUA January through March
2018
Average Price
$1,574,060
$1,444,390
-8.2%
55
94
70.9%
$4,300,000
$3,900,000
-9.3%
19
20
5.3%
100.0%
97.0%
-3.0%
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 January through March Average Price
2018
$778,097
9.8%
70
158
125.7%
$2,220,000
$3,304,800
48.9%
54
39
-27.8%
98.0%
99.0%
1.0%
Properties Sold % Sold Price to List Price
% Change
$708,390
Average Days on Market Highest Price
2019
Devil’s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows 2805 Dartmouth Ave, Boulder
EAST BOULDER
6.9%
The average rice of a home for East Boulder ncreased by 6.9% January through March 2019 compared to that of 2018.
January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$676,489
$723,249
6.9%
79
123
55.7%
$2,079,000
$3,000,000
44.3%
83
78
-6.0%
99.0%
100.0%
1.0%
MICROMARKET REPORT | Boulder livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
NORTH BOULDER & GUNBARREL January through March Average Price
2018
$1,045,794
20.3%
79
82
3.8%
$2,500,000
$4,500,000
80.0%
56
60
7.1%
99.0%
98.0%
-1.0%
Properties Sold % Sold Price to List Price
% Change
$869,175
Average Days on Market Highest Price
2019
Wonderland Hill,Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay’s Orchard, Moores 2075 Yarmouth Ave, Boulder
LOUISVILLE January through March Average Price
2018
$652,080
0.7%
60
46
-23.3%
$1,400,000
$1,870,000
33.6%
42
58
38.1%
101.4%
98.8%
-2.6%
Properties Sold % Sold Price to List Price
% Change
$647,506
Average Days on Market Highest Price
2019
Louisville has about 1,700 acres of open space that include 32 miles of trails throughout town.
SUPERIOR January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$490,740
$567,056
15.6%
107
64
-40.2%
$915,000
$875,000
-4.4%
44
31
-29.5%
99.8%
98.5%
-1.3%
2982 Casalon Circle, Superior
coloradomicroreports.com
LAFAYETTE January through March Average Price
2018
$545,415
-1.0%
43
56
30.2%
$1,150,000
$1,050,000
-8.7%
86
82
-4.7%
97.8%
99.4%
1.6%
Properties Sold % Sold Price to List Price
3.9%
January through March, 2019, the number of properties sold in Erie increased by 3.9% compared to that 2018.
% Change
$550,901
Average Days on Market Highest Price
2019
ERIE/SOUTHWEST WELD COUNTY January through March Average Price
2018
$434,789
-0.5%
73
71
-2.7%
$1,150,000
$980,000
-14.8%
229
238
3.9%
99.0%
99.0%
0.0%
Properties Sold % Sold Price to List Price
% Change
$437,046
Average Days on Market Highest Price
2019
Frederick, Firestone, Dacono
LONGMONT January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$454,382
$465,863
2.5%
70
66
-5.7%
$2,000,000
$2,975,000
48.8%
322
300
-6.8%
99.1%
97.6%
-1.5%
7677 Portico Place, Longmont
MICROMARKET REPORT | Boulder livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
LYONS January through March Average Price
2018
$509,664
-17.0%
133
102
-23.3%
$1,594,000
$850,000
-46.7%
21
15
-28.6%
93.5%
93.6%
0.1%
Properties Sold % Sold Price to List Price
% Change
$613,986
Average Days on Market Highest Price
2019
BOULDER COUNTY PLAINS January through March Average Price
2018
$1,139,008
61.6%
82
108
31.7%
$1,300,000
$2,750,000
111.5%
9
14
55.6%
102.0%
97.0%
-4.9%
Properties Sold % Sold Price to List Price
% Change
$704,939
Average Days on Market Highest Price
2019
Niwot, Hygiene, Somerset Meadows, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills
61.6%
The average price of a home in the Eastern Boulder County Plains increased by 61.6% in January through March 2019 compared to that of 2018.
FOOTHILLS COMMUNITIES January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$756,440
$943,400
24.7%
211
172
-18.5%
$815,000
$2,500,000
206.7%
6
7
16.7%
95.0%
99.0%
4.2%
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
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4.2%
January through March, 2019, the average days on market in the Mountain and Canyon Communities decreased by 4.2%.
MOUNTAIN & CANYON COMMUNITIES January through March Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$657,875
$592,722
-9.9%
143
137
-4.2%
$1,240,000
$1,250,000
0.8%
8
9
12.5%
96.0%
98.0%
2.1%
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+
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.