LIV
MICRO MARKET REPORTS
BOULDER | January - September 2016
C O LO R A D O M I C R O R E P O RTS .C O M
BOULDER COUNTY NEIGHBORHOODS 15
3
2
10
14
4
9
5
1
7
6
13 8
11
1. Mountain & Canyon Communities
7. Central Boulder & Historic District
13. Lafayette
2. Foothills Communities
8. South Boulder
14. Erie
3. Lyons
9. East Boulder & Gunbarrel
15. Longmont
4. North Boulder
10. Eastern Boulder County Plains
5. Downtown
11. Superior
6. University Hill & Chautauqua
12. Louisville
12
MICROMARKET REPORT | BOULDER JANUARY - SEPTEMBER 2016 | 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.
BOULDER AREA The Boulder Area Micro Market Report (MMR), prepared by LIV Sotheby’s International Realty, compares 2016 statistics (January through September), to that of 2015, for single family homes and attached dwellings in Boulder County. The average sales price of single family and attached dwellings combined rose 16.7%, resulting in an average price of $582,934.
The Boulder market was rated the #1 metropolitan statistical area in terms of the price appreciation by the federal government with over 14% gained in the last twelve months at the end of the third quarter 2016. These are exciting times for sellers, but difficult times for buyers entering the market. Compounding the affordability problem is a distinct lack of inventory. Accordingly, average price is up nearly across the board, anywhere between 10%-30% for single family homes depending on the neighborhood. Although fewer homes were sold in the first three quarters of 2016 than the same period in 2015, total sales volume is up slightly, and is just under $2 billion year-to-date.
Quarter 3 (YTD) Highlights:
• Louisville’s average price is $599,867 – up 17.8% • Foothills Communities of Boulder County’s average price is $950,595 – up 27.2% • University Hill’s average price is $1,073,629 – up 3.6% • Central Boulder and Historic District’s average price is $1,339,915 – up 23.6%
2,909
homes sold for an average of
$582,934
or, $1,968,568,757 total dollar volume sold.
BOULDER COUNTY All Properties January through September
2015
2016
% Change
New Listings
3,555
2,909
-18.2%
Sold Listings (All Properties)
3,853
3,377
-12.4%
Sold Single Family
2,738
2,453
-10.4%
1,115
924
-17.1%
57
62
8.8%
$499,583
$582,934
16.7%
100.0%
100.0%
0.0%
$1,924,893,080
$1,968,568,757
2.3%
Sold Condo Average Days on Market Average Price % Sold Price to List Price Total Sold Sales Volume
MICROMARKET REPORT | BOULDER JANUARY - SEPTEMBER 2016 | 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.
BOULDER MARKET | MARKETS BY AREA
CITY OF BOULDER
All Properties
January through September
2015
2016
% Change
New Listings
1,231
1,076
-12.6%
Sold Listings (All Properties)
1,442
1,201
-16.7%
Sold Single Family
780
714
-8.5%
Sold Condo
662
487
-26.4%
55
59
7.3%
$659,072
$790,765
20.0%
99.0%
99.6%
0.6%
Average Days on Market Average Price % Sold Price to List Price
CENTRAL BOULDER & HISTORIC DISTRICT Mapleton Hill, Whittier, Newlands, Green Meadows, Sunset Hill, Panorama Heights
January through September Single Family
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$1,083,964
$1,339,915
23.6%
73
69
-5.5%
$3,750,000
$3,950,000
5.3%
157
108
-31.2%
98.0%
99.2%
1.2%
2015
2016
% Change
$598,919
$599,572
0.1%
60
59
-1.7%
$3,750,000
$1,855,000
-50.5%
156
112
-28.2%
100.0%
99.7%
-0.3%
2015
2016
% Change
$1,036,340
$1,073,629
3.6%
79
51
-35.4%
$2,600,000
$3,400,000
30.8%
82
56
-31.7%
98.0%
98.5%
0.5%
DOWNTOWN BOULDER Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
UNIVERSITY HILL & CHAUTAUQUA
Floral Park, Geneva Park, Bellevue, Rose Hill, Columbine, Interurban Park
Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER JANUARY - SEPTEMBER 2016 | 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.
BOULDER MARKET | MARKETS BY AREA
2220 Spotswood Place, Boulder
SOUTH BOULDER
Devil’s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows
Single Family & Attached Dwellings
January through September Average Price
2015
2016
% Change
$578,104
$715,544
23.8%
41
46
12.2%
$3,489,000
$3,100,000
-11.1%
240
207
-13.8%
101.0%
101.2%
0.2%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
EAST BOULDER & GUNBARREL
Four Mile Creek, Noble Park, Palo Park, Orange Orchard, Boulder Country Club, Country Club Estates
Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$460,436
$580,869
26.2%
44
52
18.2%
$2,050,000
$2,600,000
-27.0%
475
412
-13.3%
101.0%
100.1%
-0.9%
NORTH BOULDER
Wonderland Hill, Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay’s Orchard, Moores
Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$689,788
$901,524
30.7%
56
70
25.0%
$4,495,000
$4,795,000
6.7%
259
234
-9.7%
100.0%
99.6%
-0.4%
MICROMARKET REPORT | BOULDER JANUARY - SEPTEMBER 2016 | 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.
BOULDER MARKET | MARKETS BY AREA
10135 75th Street, Boulder
CITY OF LOUISVILLE Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$509,417
$599,867
17.8%
45
52
15.6%
$1,185,000
$1,233,200
4.1%
213
190
-10.8%
101.0%
100.8%
-0.2%
2015
2016
% Change
$494,440
$571,922
15.7%
44
39
-11.4%
$1,142,333
$1,107,287
-3.1%
131
134
2.3%
101.0%
106.1%
5.0%
2015
2016
% Change
$417,892
$465,731
11.4%
61
74
21.3%
$1,423,333
$1,450,000
1.9%
342
311
-9.1%
102.0%
101.1%
-0.9%
CITY OF SUPERIOR Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
CITY OF LAFAYETTE Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER JANUARY - SEPTEMBER 2016 | 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.
BOULDER MARKET | MARKETS BY AREA
6610 Rabbit Mountain Road, Longmont
CITY OF ERIE AND SOUTHWEST WELD COUNTY Frederick, Firestone, Dacono
Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$332,234
$381,159
14.7%
59
56
-5.1%
$1,400,000
$1,250,000
-10.7%
1,080
933
-13.6%
100.0%
99.7%
-0.3%
2015
2016
% Change
$317,059
$370,112
16.7%
50
55
10.0%
$1,085,000
$1,285,000
18.4%
1,204
1,069
-11.2%
101.0%
100.9%
-0.1%
2015
2016
% Change
$514,517
$531,932
3.4%
78
77
-1.3%
$770,000
$791,000
2.7%
34
31
-8.8%
98.0%
99.0%
1.0%
CITY OF LONGMONT Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
CITY OF LYONS Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER JANUARY - SEPTEMBER 2016 | 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.
BOULDER MARKET | MARKETS BY AREA
1306 Reed Ranch Road, Boulder
EASTERN BOULDER COUNTY PLAINS
Niwot, Hygiene, Sommerset Estates, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills
Single Family & Attached Dwellings
January through September Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$644,425
$767,037
19.0%
65
73
12.3%
$3,050,000
$6,250,000
104.9%
389
343
-11.8%
99.0%
98.3%
-0.7%
2015
2016
% Change
$747,486
$950,595
27.2%
105
99
-5.7%
$3,099,500
$5,400,000
74.2%
118
95
-19.5%
96.0%
96.4%
0.4%
FOOTHILLS COMMUNITIES
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
January through September Single Family
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MOUNTAIN & CANYON COMMUNITIES
Nederland, Allenspark, Coal Creek Canyon, Golden Gate Canyon, Gilpin & Jefferson County
January through September Single Family
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$342,680
$425,391
24.1%
110
102
-7.3%
$887,500
$3,000,000
238.0%
215
197
-8.4%
98.0%
96.9%
-1.1%
MICROMARKET REPORT | BOULDER JANUARY - SEPTEMBER 2016 | 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.
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