Boulder Year End 2019 Micro Market Report

MICROMARKET REPORT

BOULDER | YEAR END 2019

BOULDER/NORTH NEIGHBORHOODS 1.

Mountain & Canyon Communities

15

3

2. Foothills Communities 3. Lyons 4. North Boulder 5. Downtown 6. University Hill & Chautauqua 7. Central Boulder & Historic District

2 10

4

8. South Boulder

14

9. East Boulder & Gunbarrel 10. Eastern Boulder County Plains 9

11. Superior 12. Louisville

5

7

13. Lafayette 14. Erie 15. Longmont

1 6

16. Broomfield 17. Westminster 18. Arvada

13

8

16 11 18 17 12

Pictured on cover: 695 11th Street, Boulder

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BOULDER MARKET UPDATE

North of Denver is the beautiful city of Boulder. Aptly named, this community lies at the base of the Rockies, next to the famous Flatiron rock formations. Because of its location, Boulder has the privilege of unparalleled access to incredible hiking, biking, camping, and rock climbing. But this town has more than just outdoor activities to offer its residents, just take a stroll down Pearl Street to find the best local boutiques, restaurants, and bars.

Home to the University of Colorado Boulder, this area is always buzzing with activity, making it a suitable home for people of all ages and lifestyles.

LIV Sotheby’s International Realty produces a Micro Market Report focused on Boulder County and each of the unique cities and neighborhoods within and around it. The report examines year-end key performance indicators from 2019 and compares them to 2018. Across all neighborhoods, Boulder County saw a 9.4% increase in new listings over the last year, which added 6,636 homes to the market throughout 2019. In addition to the new properties that came onto the market, the county also had a 5.5% increase in total dollar volume sold.

BOULDER COUNTY January through December

2018

2019

% Change

New Listings

6,064

6,636

9.4%

Sold Listings (All Properties)

4,600

4,782

4.0%

Sold Single Family

3,241

3,408

5.2%

Sold Attached Dwellings

1,359

1,382

1.7%

Average Days on Market

59

66

11.9%

$654,454

$665,667

1.7%

98.0%

97.0%

-1.0%

$3,021,471,635

$3,187,181,104

5.5%

Average Price % Sold Price to Original List Price Total Dollar Volume Sold

Louisville had the largest increase in homes sold from 2018 to 2019, growing by 18.6%. Following Louisville, Boulder’s University Hill and Chautauqua neighborhood also saw a sizable rise in listings sold, increasing by 16.7%. These numbers are impressive considering the average for all of Boulder County was a 4% increase for homes sold. As far as home prices, the South Boulder neighborhood and the City of Boulder had nearly identical increases in average home prices, rising by 11% and 10.9% respectively.

Boulder is a lively city filled with great homes to buy and sell. The real estate market in this area will continue to prosper as long as people continue to flock to Boulder to embrace the Colorado lifestyle.

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 livsothebysrealty.com

JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM

CITY OF BOULDER January through December

2018

2019

% Change

New Listings

2,268

2,516

10.9%

Sold Listings (All Properties)

1,620

1,583

-2.3%

Sold Single Family

932

933

0.1%

Sold Condo

688

650

-5.5%

60

73

21.7%

$882,943

$922,803

4.5%

97.8%

97.8%

0.0%

Average Days on Market Average Price % Sold Price to List Price

2306 Pearl Street, Boulder

CENTRAL & HISTORIC BOULDER January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

10.3%

2018

2019

% Change

$1,086,639

$1,198,173

10.3%

56

69

23.2%

$5,200,000

$7,200,000

38.5%

The average price for Central & Historic Boulder

221

235

6.3%

increased by 10.3% January through December

99.0%

97.0%

-2.0%

2019 compared to that of 2018.

Mapleton Hill, Whittier, Newlands, Green Meadows, Sunset Hill, Panorama Heights

DOWNTOWN BOULDER

Stroll along our popular

January through December

pedestrian mall and

Average Price

enjoy a great selection of

Average Days on Market

restaurants, bookstores, boutiques, and sidewalk cafes in Downtown Boulder.

Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$1,223,650

$1,201,168

-1.8%

96

98

2.1%

$5,500,000

$2,495,000

-54.6%

39

28

-28.2%

99.0%

97.0%

-2.0%

coloradomicroreports.com

UNIVERSITY HILL & CHAUTAUQUA 2018

2019

% Change

University Hill is an eclectic

$1,493,387

$1,297,021

-13.1%

area across from the

62

76

22.6%

$4,300,000

$3,950,000

-8.1%

84

98

16.7%

98.0%

96.0%

-2.0%

January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

University of Colorado campus, home to many shops, lively bars, and plenty of dining options.

Floral Park, Geneva Park, Bellevue, Rose Hill, Columbine, Interurban Park

11.0%

The average price for South Boulder increased by 11.0% January through December 2019

compared to that of 2018.

SOUTH BOULDER January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$812,087

$901,781

11.0%

47

57

21.3%

$3,290,000

$4,550,000

38.3%

245

233

-4.9%

99.0%

98.0%

-1.0%

Devil’s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows

NORTH BOULDER January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$872,240

$887,656

1.8%

54

78

44.4%

$4,100,000

$4,500,000

9.8%

344

333

-3.2%

98.0%

98.0%

0.0%

912 Juniper Ave, Boulder

MICROMARKET REPORT | Boulder livsothebysrealty.com

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EAST BOULDER & GUNBARREL January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$645,588

$691,654

7.1%

54

68

25.9%

$3,380,000

$4,761,819

40.9%

543

532

-2.0%

99.0%

98.0%

-1.0%

Wonderland Hill,Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay’s Orchard, Moores

6241 Willow Lane, Boulder

LOUISVILLE January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

Louisville is successfully 2018

2019

% Change

$657,386

$647,738

-1.5%

new, Old Town’s Main

59

53

-10.2%

Street is lined with new

$1,790,000

$2,000,000

11.7%

shops and restaurants

264

313

18.6%

that are housed in historic

99.0%

98.0%

-1.0%

wooden buildings.

9.3%

The average price for the city of Superior increased by 9.3% January through

December 2019 compared to that of 2018.

blending the old and the

SUPERIOR January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$566,542

$619,245

9.3%

64

54

-15.6%

$1,218,414

$1,453,108

19.3%

186

202

8.6%

99.0%

99.0%

0.0%

coloradomicroreports.com

LAFAYETTE January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

6.3%

2018

2019

% Change

$558,260

$566,417

1.5%

43

61

41.9%

$1,850,000

$2,125,000

14.9%

January through December 2019, the number

448

476

6.3%

of properties sold in the city of Lafayette

99.0%

98.0%

-1.0%

increased by 6.3% compared to that of 2018.

6.0%

The average price for Erie/Southwest Weld County increased by 6.0% January through

December 2019 compared to that of 2018.

ERIE/SOUTHWEST WELD COUNTY January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$444,725

$471,337

6.0%

54

57

5.6%

$1,794,000

$2,250,000

25.4%

1,176

1,357

15.4%

99.0%

99.0%

0.0%

Frederick, Firestone, Dacono

LONGMONT January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$475,286

$472,896

-0.5%

57

64

12.3%

$8,218,973

$1,975,000

-76.0%

1,678

1,751

4.4%

99.0%

98.0%

-1.0%

6082 N 79th Street, Longmont

MICROMARKET REPORT | Boulder livsothebysrealty.com

JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM

LYONS January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

BOULDER COUNTY PLAINS January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$987,606

$1,049,890

6.3%

78

68

-12.8%

$3,124,400

$7,200,000

130.4%

139

116

-16.5%

97.0%

98.0%

1.0%

2018

2019

% Change

$594,289

$577,063

-2.9%

92

86

-6.5%

$2,400,000

$1,460,000

-39.2%

115

93

-19.1%

96.0%

96.0%

0.0%

6.3%

The average price for Boulder County Plains increased by 6.3% January through

December 2019 compared to that of 2018.

Niwot, Hygiene, Somerset Meadows, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills

13.5%

January through December 2019, the number

of properties sold in Foothills Communities increased by 13.5% compared to that of 2018.

FOOTHILLS COMMUNITIES January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$746,042

$724,664

-2.9%

94

84

-10.6%

$1,925,000

$5,779,000

200.2%

37

42

13.5%

96.0%

97.0%

1.0%

Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs

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MOUNTAIN & CANYON COMMUNITIES January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

6.2%

2018

2019

% Change

$466,827

$495,772

6.2%

83

78

-6.0%

$1,640,000

$1,330,000

-18.9%

The average price for Mountain & Canyon

153

142

-7.2%

Communities increased by 6.2% January through

98.0%

97.0%

-1.0%

December 2019 compared to that of 2018.

Nederland, Allenspark, Coal Creek Canyon, Golden Gate Canyon, Gilpin, Jefferson County

BROOMFIELD

Founded in 1877, Broomfield offers a variety

January through December

of housing options from

Average Price

affordable starter homes

Average Days on Market

to million dollar mansions

Highest Price

suitable for any buyer.

Properties Sold % Sold Price to List Price

2018

2019

% Change

$515,769

$542,144

5.1%

29

34

17.2%

$3,375,000

$2,500,000

-25.9%

1,049

1,173

11.8%

100.0%

99.5%

-0.5%

WESTMINSTER January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$400,548

$408,649

2.0%

18

23

27.8%

$2,235,000

$1,750,000

-21.7%

1698

1,713

0.9%

100.0%

100.0%

0.0%

2895 W 111th Way, Westminster

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3.1%

The average price for the city of Arvada increased by 3.1% January through

December 2019 compared to that of 2018.

ARVADA January through December Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$452,171

$466,340

3.1%

23

27

17.4%

$1,825,000

$1,230,000

-32.6%

2,400

2,423

1.0%

98%

100.0%

0.0%

WHY COLORADO? NATIONAL PARKS: 4

MOUNTAIN RANGES: 7

SKI AREAS & RESORTS: 28

AVERAGE DAYS OF SUNSHINE ANNUALLY: 300

CRAFT BREWERIES: 350+

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MICROMARKET REPORT | Boulder

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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.