MICROMARKET REPORT |
Boulder • 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: 7677 Portico Place, Longmont
coloradomicroreports.com
BOULDER market update The ever-popular Boulder County offers an unmatched lifestyle including easy access to nature and bike paths, great walkability, a vibrant economy, a community feel, and a health-conscious environment. With an increase of demand for real estate in Boulder County, buyers were having to act quicker and pay more in 2018 than in 2017. The Boulder County Micro Market Report by LIV Sotheby’s International Realty indicates this rise in demand with a 9.3% increase in average price from $601,432 in 2017 to $657,387 in 2018, in addition to a decrease in average days on market by 3.4%. Interestingly, new listings and sold listings saw a decrease while total dollar volume sold increased by 5.9%. This
BOULDER COUNTY
decrease in inventory combined with an increase in total dollar volume sold represents a very healthy and active market. Numerous neighborhoods within Boulder County reported strong in 2018, with an increase of average price and a decrease of average days on market. North Boulder & Gunbarrel displayed a complimenting mix of these two metrics with a 4.2% increase in average price and a 15.6% decrease in average days on market. University Hill & Chautauqua
January through December
2018
% Change
New Listings
6,183
6,048
-2.2%
Sold Listings (All Properties)
4,730
4,580
-3.2%
Sold Single Family
3,405
3,230
-5.1%
Sold Condo
1,325
1,350
1.9%
59
57
-3.4%
$601,432
$657,387
9.3%
98.6%
98.6%
0.0%
$2,844,170,548
$3,010,832,135
5.9%
Average Days on Market Average Price
presented the highest increase in average price of 25%, from $1,137,824 in
% Sold Price to Original List Price
2017 to $1,422,613 in 2018. Lafayette saw the most dramatic decrease in
Total Dollar Volume Sold
average days on market, dropping 22.2% from 54 days in 2017 to 42 days
2017
All Properties
in 2018. Boulder County continues to rank as one of the happiest and healthiest areas in the country, driving potential buyers to invest 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 December New Listings
2017
2,263
-2.8%
1,651
1,615
-2.2%
980
930
-5.1%
671
685
2.1%
63
58
-7.9%
$797,310
$888,618
11.5%
97.7%
98.0%
0.3%
Sold Single Family Sold Condo Average Days on Market
% Sold Price to List Price
% Change
2,329
Sold Listings (All Properties)
Average Price
2018
644 College Avenue, Boulder
CENTRAL & HISTORIC BOULDER January through December
2017
2018
Average Price
$1,087,505
$1,166,932
7.3%
60
65
8.3%
$6,700,000
$5,200,000
-22.4%
252
246
-2.4%
98.0%
99.0%
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 December
2017
2018
Average Price
$1,015,806
$1,223,650
20.5%
89
96
7.9%
$2,187,500
$5,500,000
151.4%
29
39
34.5%
96.0%
99.0%
3.1%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
3601 Arapahoe Avenue #320, Boulder
coloradomicroreports.com
25%
The average price for University Hill & Chautauqua increased by 25% January through December, 2018 compared to that of 2017.
UNIVERSITY HILL & CHAUTAUQUA January through December
2017
2018
Average Price
$1,137,824
$1,422,613
25.0%
65
64
-1.5%
$4,125,000
$4,300,000
4.2%
107
85
-20.6%
98.0%
98.0%
0.0%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Floral Park, Geneva Park, Bellevue, Rose Hill, Columbine, Interurban Park
SOUTH BOULDER January through December
2017
Average Price
$698,396
$748,394
7.2%
51
49
-3.9%
$4,100,000
$3,290,000
-19.8%
296
292
-1.4%
99.0%
99.0%
0.0%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Devil’s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows
EAST BOULDER
11.5%
The average days on market for East Boulder decreased by 11.5% January through December, 2018 compared to that of 2017.
January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$620,575
$678,228
9.3%
61
54
-11.5%
$3,450,000
$3,380,000
-2.0%
389
385
-1.0%
98.0%
99.0%
1.0%
MICROMARKET REPORT | Boulder livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
NORTH BOULDER & GUNBARREL January through December Average Price
2017
$853,112
4.2%
64
54
-15.6%
$6,700,000
$4,100,000
-38.8%
363
336
-7.4%
99.0%
99.0%
0.0%
Properties Sold % Sold Price to List Price
% Change
$818,562
Average Days on Market Highest Price
2018
Northern Boulder boasts more than 220+ artists and creative industries along its popular Broadway Street.
Wonderland Hill,Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay’s Orchard, Moores
8.2%
LOUISVILLE January through December Average Price
2017
$663,128
8.2%
59
56
-5.1%
$1,775,000
$1,790,000
0.8%
309
262
-15.2%
99.2%
98.9%
-0.3%
Properties Sold % Sold Price to List Price
% Change
$612,633
Average Days on Market Highest Price
2018
The average price in Louisville increased by 8.2% January through December, 2018 compared to that of 2017.
SUPERIOR January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$570,968
$571,035
0.0%
45
65
44.4%
$1,090,000
$1,218,414
11.8%
169
185
9.5%
100.4%
99.5%
-0.9%
2982 Casalon Circle, Superior
coloradomicroreports.com
LAFAYETTE January through December Average Price
2017
$560,909
7.1%
54
42
-22.2%
$2,211,300
$1,850,000
-16.3%
474
443
-6.5%
99.6%
99.6%
0.0%
Properties Sold % Sold Price to List Price
% Change
$523,635
Average Days on Market Highest Price
2018
10203 Arapahoe Road, Lafayette
15.6%
January through December, 2018, the average days on market in Erie decreased by 15.6% compared to that 2017.
ERIE/SOUTHWEST WELD COUNTY January through December Average Price
2017
$448,924
-11.4%
64
54
-15.6%
$1,800,000
$1,794,000
-0.3%
1,247
1,163
-6.7%
100.0%
100.0%
0.0%
Properties Sold % Sold Price to List Price
% Change
$506,410
Average Days on Market Highest Price
2018
Frederick, Firestone, Dacono
LONGMONT January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$435,482
$478,058
9.8%
55
55
0.0%
$5,950,000
$4,000,000
-32.8%
1,704
1,672
-1.9%
99.4%
99.0%
-0.4%
MICROMARKET REPORT | Boulder livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
LYONS January through December Average Price
2017
$592,394
15.2%
85
89
4.7%
$985,000
$2,400,000
143.7%
90
115
27.8%
97.1%
96.3%
-0.8%
Properties Sold % Sold Price to List Price
% Change
$514,093
Average Days on Market Highest Price
2018
BOULDER COUNTY PLAINS January through December
2017
2018
Average Price
$1,131,515
$1,046,714
-7.5%
114
84
-26.3%
$2,350,000
$3,124,400
33.0%
38
61
60.5%
98.0%
96.0%
-2.0%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Niwot, Hygiene, Somerset Meadows, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills
Situated at the intersection of State Highway 7 and U.S. Highway 36, Lyons is often referred to as “The Double Gateway to the Rockies.”
26.3%
The average days on market in the Eastern Boulder County Plains decreased by 26.3% in January through December, 2018 compared to that of 2017.
FOOTHILLS COMMUNITIES January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$749,585
$764,925
2.0%
102
85
-16.7%
$1,400,000
$1,410,400
0.7%
23
26
13.0%
97.0%
96.0%
-1.0%
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs 3800 Pleasant Ridge Road, Boulder County Plains
coloradomicroreports.com
9.1%
January through December, 2018, the average price in the Mountain and Canyon Communities increased by 9.1% compared to that of 2017.
NUMBER OF DAYS OF SUNSHINE: 300
MOUNTAIN & CANYON COMMUNITIES January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$468,466
$511,243
9.1%
92
88
-4.3%
$1,095,000
$1,240,000
13.2%
87
77
-11.5%
98.0%
98.0%
0.0%
Nederland, Allenspark, Coal Creek Canyon, Golden Gate Canyon, Gilpin, Jefferson County
BOULDER COUNTY PARKS: 60
ACRES OF PRESERVED OPEN SPACE: 45,000
MICROMARKET REPORT | Boulder livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
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.