Boulder Q1 2019 Micro Market Report

MICROMARKET REPORT |

Boulder • Quarter 1 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 Boulder County is a sought-after location for many, offering an unmatched lifestyle with easy access to nature. Living in this esteemed area provides close proximity to bike paths, great walkability, a vibrant economy, a community feel, and a health-conscious environment. While 2018 was an active year for real estate in Boulder County, 2019 is off to a great start with many notable increases in performance.

LIV Sotheby’s International Realty produces a Micro Market Report focused on Boulder County and the neighborhoods within it. As a whole, Boulder County is seeing an increase in new listings, up 12.4% compared to Q1 of 2018. Average days on market are down 1.5%, resulting in homes selling within 66 days on average.

Breaking down into the different areas of Boulder County, there are

BOULDER COUNTY January through March

significant increases including the most notable, a 61.6% increase in

New Listings

average price for Boulder County Plains. This increase drove the average price from $704,939 in 2018 to $1,139,008 in Q1 of 2019. Impressively, Boulder County Plains also sold more properties so far with an increase of 55.6% of properties sold to 14 in 2019 (from 9 in 2018). Foothills

Average Days on Market

Communities also saw a significant increase in performance with a 24.7%

Average Price

increase in average price and a 16.7% increase in properties sold. Following

% Sold Price to Original List Price

closely behind, North Boulder & Gunbarrel resulted in a 20.3% increase in

Total Dollar Volume Sold

2018

% Change

2019

1,323

1,487

12.4%

Sold Listings (All Properties)

901

816

-9.4%

Sold Single Family

613

570

-7.0%

Sold Condo

288

246

-14.6%

67

66

-1.5%

$660,292

$667,661

1.1%

98.7%

97.4%

-1.3%

$594,923,022

$544,811,080

-8.4%

average price and a 7.1% increase in properties sold.

Across the board for Boulder County, it’s evident that buyers are very much interested in investing in the community and taking part 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 March

2018

2019

% Change

New Listings

543

577

6.3%

Sold Listings (All Properties)

345

283

-18.0%

Sold Single Family

197

165

-16.2%

Sold Condo

148

118

-20.3%

65

68

4.6%

$895,311

$935,214

4.5%

97.9%

96.9%

-1.0%

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

2331 Bluff Street, Boulder

CENTRAL & HISTORIC BOULDER January through March

2018

2019

Average Price

$1,267,803

$1,132,314

-10.7%

108

84

-22.2%

$5,200,000

$4,500,000

-13.5%

47

42

-10.6%

98.0%

97.0%

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

2018

2019

% Change

$1,502,093

$1,392,500

-7.3%

113

189

67.3%

$5,500,000

$1,735,000

-68.5%

8

2

-75.0%

98.0%

94.0%

-4.1%

2040 16th Street, Boulder

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5.3%

The number of properties sold for University Hill & Chautauqua increased by 5.3% January through March 2019 compared to that of 2018.

UNIVERSITY HILL & CHAUTAUQUA January through March

2018

Average Price

$1,574,060

$1,444,390

-8.2%

55

94

70.9%

$4,300,000

$3,900,000

-9.3%

19

20

5.3%

100.0%

97.0%

-3.0%

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 January through March Average Price

2018

$778,097

9.8%

70

158

125.7%

$2,220,000

$3,304,800

48.9%

54

39

-27.8%

98.0%

99.0%

1.0%

Properties Sold % Sold Price to List Price

% Change

$708,390

Average Days on Market Highest Price

2019

Devil’s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows 2805 Dartmouth Ave, Boulder

EAST BOULDER

6.9%

The average rice of a home for East Boulder ncreased by 6.9% January through March 2019 compared to that of 2018.

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

2018

2019

% Change

$676,489

$723,249

6.9%

79

123

55.7%

$2,079,000

$3,000,000

44.3%

83

78

-6.0%

99.0%

100.0%

1.0%

MICROMARKET REPORT | Boulder livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

NORTH BOULDER & GUNBARREL January through March Average Price

2018

$1,045,794

20.3%

79

82

3.8%

$2,500,000

$4,500,000

80.0%

56

60

7.1%

99.0%

98.0%

-1.0%

Properties Sold % Sold Price to List Price

% Change

$869,175

Average Days on Market Highest Price

2019

Wonderland Hill,Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay’s Orchard, Moores 2075 Yarmouth Ave, Boulder

LOUISVILLE January through March Average Price

2018

$652,080

0.7%

60

46

-23.3%

$1,400,000

$1,870,000

33.6%

42

58

38.1%

101.4%

98.8%

-2.6%

Properties Sold % Sold Price to List Price

% Change

$647,506

Average Days on Market Highest Price

2019

Louisville has about 1,700 acres of open space that include 32 miles of trails throughout town.

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

2018

2019

% Change

$490,740

$567,056

15.6%

107

64

-40.2%

$915,000

$875,000

-4.4%

44

31

-29.5%

99.8%

98.5%

-1.3%

2982 Casalon Circle, Superior

coloradomicroreports.com

LAFAYETTE January through March Average Price

2018

$545,415

-1.0%

43

56

30.2%

$1,150,000

$1,050,000

-8.7%

86

82

-4.7%

97.8%

99.4%

1.6%

Properties Sold % Sold Price to List Price

3.9%

January through March, 2019, the number of properties sold in Erie increased by 3.9% compared to that 2018.

% Change

$550,901

Average Days on Market Highest Price

2019

ERIE/SOUTHWEST WELD COUNTY January through March Average Price

2018

$434,789

-0.5%

73

71

-2.7%

$1,150,000

$980,000

-14.8%

229

238

3.9%

99.0%

99.0%

0.0%

Properties Sold % Sold Price to List Price

% Change

$437,046

Average Days on Market Highest Price

2019

Frederick, Firestone, Dacono

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

2018

2019

% Change

$454,382

$465,863

2.5%

70

66

-5.7%

$2,000,000

$2,975,000

48.8%

322

300

-6.8%

99.1%

97.6%

-1.5%

7677 Portico Place, Longmont

MICROMARKET REPORT | Boulder livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

LYONS January through March Average Price

2018

$509,664

-17.0%

133

102

-23.3%

$1,594,000

$850,000

-46.7%

21

15

-28.6%

93.5%

93.6%

0.1%

Properties Sold % Sold Price to List Price

% Change

$613,986

Average Days on Market Highest Price

2019

BOULDER COUNTY PLAINS January through March Average Price

2018

$1,139,008

61.6%

82

108

31.7%

$1,300,000

$2,750,000

111.5%

9

14

55.6%

102.0%

97.0%

-4.9%

Properties Sold % Sold Price to List Price

% Change

$704,939

Average Days on Market Highest Price

2019

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

61.6%

The average price of a home in the Eastern Boulder County Plains increased by 61.6% in January through March 2019 compared to that of 2018.

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

2018

2019

% Change

$756,440

$943,400

24.7%

211

172

-18.5%

$815,000

$2,500,000

206.7%

6

7

16.7%

95.0%

99.0%

4.2%

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

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4.2%

January through March, 2019, the average days on market in the Mountain and Canyon Communities decreased by 4.2%.

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

2018

2019

% Change

$657,875

$592,722

-9.9%

143

137

-4.2%

$1,240,000

$1,250,000

0.8%

8

9

12.5%

96.0%

98.0%

2.1%

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+

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.