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
coloradomicroreports.com
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
JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM
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
coloradomicroreports.com
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
MICROMARKET REPORT | Boulder livsothebysrealty.com
JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM
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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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.