Boulder Mid-Year 2019

MICROMARKET REPORT |

Boulder • Mid-Year 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 Walking along brick-lined Pearl Street, enjoying the acclaimed 300 days of sunshine, or meeting like-minded adventurers – Boulder County offers an unbeatable lifestyle for many. With the close accessibility to nature as well as the charming feel of a tight-knit community, Boulder County is often an attractive location for real estate investments.

LIV Sotheby’s International Realty produces a Micro Market Report focused on Boulder County and each of the unique neighborhoods within it.

Overall, Boulder County is once again proving to be an active market for real estate with the biggest increase for all of Boulder County being a 10.1% increase in the number of new listings. In 2018 there were 3,457 new

BOULDER COUNTY

listings January through June, and for 2019 the report shows 3,805 during the same time frame.

January through June

2018

% Change

2019

New Listings

3,457

3,805

10.1%

Looking at the different neighborhoods of Boulder County, there are some

Sold Listings (All Properties)

2,315

2,251

-2.8%

significant increases including a notable 46.4% increase in average price

Sold Single Family

1,610

1,611

0.1%

for the Foothills Communities, raising the average price to $892,943 in

Sold Condo

705

640

-9.2%

2019 from $610,071 in 2018. While many areas reported increases in

Average Days on Market

56

61

8.9%

average price, which is good news for sellers, many areas also showed an

Average Price

$669,975

$664,997

-0.7%

increase in average days on market, which is good news for buyers. The

% Sold Price to Original List Price

99.5%

98.0%

-1.5%

increase in average days on market allows more time for buyers to make

Total Dollar Volume Sold

$1,550,993,267

$1,496,908,278

-3.5%

real estate decisions.

Buyers and sellers can both benefit this year from their real estate investments in Boulder County. This highly desired community is once again drawing interest, for those wanting to live the raved-about 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 June

2018

New Listings

2019

% Change

1,349

1,464

8.5%

Sold Listings (All Properties)

857

750

-12.5%

Sold Single Family

483

448

-7.2%

Sold Condo

374

302

-19.3%

53

63

18.9%

$900,834

$914,553

1.5%

100.0%

98.9%

-1.1%

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

3601 Arapahoe Ave #432, City of Boulder

CENTRAL & HISTORIC BOULDER January through June

2018

Average Price

$1,195,130

$1,069,905

-10.5%

58

55

-5.2%

$5,200,000

$4,500,000

-13.5%

120

122

1.7%

99.4%

99.2%

-0.2%

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

2019

% 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 June

2018

2019

Average Price

$1,442,751

$1,437,428

-0.4%

142

108

-23.9%

$5,500,000

$2,495,000

-54.6%

20

14

-30.0%

98.8%

97.2%

-1.6%

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

% Change

23.9%

The average days on market for Downtown Boulder decreased by 23.9% January through June 2019 compared to that of 2018.

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UNIVERSITY HILL & CHAUTAUQUA University Hill is an eclectic area across from the University of Colorado campus, home to many shops, lively bars, and plenty of dining options.

January through June

2018

Average Price

$1,647,586

$1,392,834

-15.5%

48

70

45.8%

$4,750,000

$3,900,000

-17.9%

40

43

7.5%

99.7%

97.0%

-2.8%

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

15.1%

January through June Average Price

2018

Highest Price

$917,075

15.1%

47

52

10.6%

$3,290,000

$3,304,800

0.4%

121

105

-13.2%

99.9%

99.0%

-0.9%

Properties Sold % Sold Price to List Price

% Change

$796,862

Average Days on Market

The average price for South Boulder increased by 15.1% January through June 2019 compared to that of 2018.

2019

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

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

2018

2019

% Change

$838,160

$950,512

13.4%

50

65

30.0%

$2,800,000

$4,500,000

60.7%

191

151

-20.9%

99.2%

98.7%

-0.5%

4302 Apple Way, North Boulder

MICROMARKET REPORT | Boulder livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

EAST BOULDER & GUNBARREL January through June Average Price

2018

$680,059

6.8%

57

51

-10.5%

$3,380,000

$4,761,819

40.9%

443

379

-14.4%

99.8%

98.7%

-1.1%

Properties Sold % Sold Price to List Price

% Change

$636,944

Average Days on Market Highest Price

2019

10.5%

The average days on market for East Boulder & Gunbarrel decreased by 10.5% January through June 2019 compared to that of 2018.

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

LOUISVILLE January through June Average Price

2018

$681,684

2.7%

46

50

8.7%

$1,575,000

$2,000,000

27.0%

131

155

18.3%

100.5%

98.4%

-2.1%

Properties Sold % Sold Price to List Price

% Change

$663,910

Average Days on Market Highest Price

2019

816 Lincoln Ave, Louisville

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

2018

2019

% Change

$562,427

$623,707

10.9%

44

36

-18.2%

$972,000

$1,225,762

26.1%

94

85

-9.6%

100.1%

98.8%

-1.3%

10.9%

The average price for Superior increased by 10.9% January through June 2019 compared to that of 2018.

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LAFAYETTE January through June Average Price

2018

$557,466

-1.1%

41

51

24.4%

$1,600,000

$1,280,000

-20.0%

228

238

4.4%

100.5%

98.4%

-2.1%

Properties Sold % Sold Price to List Price

% Change

$563,406

Average Days on Market Highest Price

2019

610 Rawlins Way, Lafayette

ERIE/SOUTHWEST WELD COUNTY

6.1%

January through June Average Price

2018

Highest Price

$463,352

3.6%

50

55

10.0%

$1,215,000

$1,585,000

30.5%

594

630

6.1%

99.6%

99.1%

-0.5%

Properties Sold % Sold Price to List Price

% Change

$447,125

Average Days on Market

January through June 2019, the number of properties sold in Erie increased by 6.1% compared to that 2018.

2019

Frederick, Firestone, Dacono

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

2018

2019

% Change

$473,702

$464,457

-2.0%

55

63

14.5%

$363,000

$355,000

-2.2%

801

809

1.0%

100.0%

98.3%

-1.7%

4115 Greens Place, Longmont

MICROMARKET REPORT | Boulder livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

LYONS January through June Average Price

2018

$577,342

-3.3%

51

50

-2.0%

$1,594,000

$1,086,246

-31.9%

66

40

-39.4%

98.1%

99.1%

1.0%

Properties Sold % Sold Price to List Price

% Change

$596,955

Average Days on Market Highest Price

2019

BOULDER COUNTY PLAINS January through June Average Price

2018

$1,082,848

2.6%

79

71

-10.1%

$3,000,000

$4,716,819

57.2%

67

68

1.5%

97.0%

97.3%

0.3%

Properties Sold % Sold Price to List Price

10.1%

% Change

$1,055,894

Average Days on Market Highest Price

2019

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

The average average days on market for Boulder County Plains decreased by 10.1% January through June 2019 compared to that of 2018.

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

2018

2019

% Change

$610,071

$892,943

46.4%

114

77

-32.5%

$1,365,000

$2,500,000

83.2%

20

19

-5.0%

97.2%

101.1%

4.0%

Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs 1133 Timber Lane, Foothiils

coloradomicroreports.com

5.5%

January through June 2019, the average price in the Mountain & Canyon Communities increased by 5.5%.

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

2018

2019

% Change

$545,968

$575,888

5.5%

81

91

12.3%

$1,240,000

$1,330,000

7.3%

32

30

-6.3%

97.7%

97.1%

-0.6%

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+

IMAGINE.

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DESIGN.

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SHOP.

Available now for download in the Google Play Store and the iOS App Store.

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.