Boulder Year End 2018 Micro Market Report

MICROMARKET REPORT |

Boulder • 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: 7677 Portico Place, Longmont

coloradomicroreports.com

BOULDER market update The ever-popular Boulder County offers an unmatched lifestyle including easy access to nature and bike paths, great walkability, a vibrant economy, a community feel, and a health-conscious environment. With an increase of demand for real estate in Boulder County, buyers were having to act quicker and pay more in 2018 than in 2017.

The Boulder County Micro Market Report by LIV Sotheby’s International Realty indicates this rise in demand with a 9.3% increase in average price from $601,432 in 2017 to $657,387 in 2018, in addition to a decrease in average days on market by 3.4%. Interestingly, new listings and sold listings saw a decrease while total dollar volume sold increased by 5.9%. This

BOULDER COUNTY

decrease in inventory combined with an increase in total dollar volume sold represents a very healthy and active market.

Numerous neighborhoods within Boulder County reported strong in 2018, with an increase of average price and a decrease of average days on market. North Boulder & Gunbarrel displayed a complimenting mix of these two metrics with a 4.2% increase in average price and a 15.6% decrease in average days on market. University Hill & Chautauqua

January through December

2018

% Change

New Listings

6,183

6,048

-2.2%

Sold Listings (All Properties)

4,730

4,580

-3.2%

Sold Single Family

3,405

3,230

-5.1%

Sold Condo

1,325

1,350

1.9%

59

57

-3.4%

$601,432

$657,387

9.3%

98.6%

98.6%

0.0%

$2,844,170,548

$3,010,832,135

5.9%

Average Days on Market Average Price

presented the highest increase in average price of 25%, from $1,137,824 in

% Sold Price to Original List Price

2017 to $1,422,613 in 2018. Lafayette saw the most dramatic decrease in

Total Dollar Volume Sold

average days on market, dropping 22.2% from 54 days in 2017 to 42 days

2017

All Properties

in 2018.

Boulder County continues to rank as one of the happiest and healthiest areas in the country, driving potential buyers to invest 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 December New Listings

2017

2,263

-2.8%

1,651

1,615

-2.2%

980

930

-5.1%

671

685

2.1%

63

58

-7.9%

$797,310

$888,618

11.5%

97.7%

98.0%

0.3%

Sold Single Family Sold Condo Average Days on Market

% Sold Price to List Price

% Change

2,329

Sold Listings (All Properties)

Average Price

2018

644 College Avenue, Boulder

CENTRAL & HISTORIC BOULDER January through December

2017

2018

Average Price

$1,087,505

$1,166,932

7.3%

60

65

8.3%

$6,700,000

$5,200,000

-22.4%

252

246

-2.4%

98.0%

99.0%

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 December

2017

2018

Average Price

$1,015,806

$1,223,650

20.5%

89

96

7.9%

$2,187,500

$5,500,000

151.4%

29

39

34.5%

96.0%

99.0%

3.1%

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

% Change

3601 Arapahoe Avenue #320, Boulder

coloradomicroreports.com

25%

The average price for University Hill & Chautauqua increased by 25% January through December, 2018 compared to that of 2017.

UNIVERSITY HILL & CHAUTAUQUA January through December

2017

2018

Average Price

$1,137,824

$1,422,613

25.0%

65

64

-1.5%

$4,125,000

$4,300,000

4.2%

107

85

-20.6%

98.0%

98.0%

0.0%

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

% Change

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

SOUTH BOULDER January through December

2017

Average Price

$698,396

$748,394

7.2%

51

49

-3.9%

$4,100,000

$3,290,000

-19.8%

296

292

-1.4%

99.0%

99.0%

0.0%

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

2018

% Change

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

EAST BOULDER

11.5%

The average days on market for East Boulder decreased by 11.5% January through December, 2018 compared to that of 2017.

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

2017

2018

% Change

$620,575

$678,228

9.3%

61

54

-11.5%

$3,450,000

$3,380,000

-2.0%

389

385

-1.0%

98.0%

99.0%

1.0%

MICROMARKET REPORT | Boulder livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

NORTH BOULDER & GUNBARREL January through December Average Price

2017

$853,112

4.2%

64

54

-15.6%

$6,700,000

$4,100,000

-38.8%

363

336

-7.4%

99.0%

99.0%

0.0%

Properties Sold % Sold Price to List Price

% Change

$818,562

Average Days on Market Highest Price

2018

Northern Boulder boasts more than 220+ artists and creative industries along its popular Broadway Street.

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

8.2%

LOUISVILLE January through December Average Price

2017

$663,128

8.2%

59

56

-5.1%

$1,775,000

$1,790,000

0.8%

309

262

-15.2%

99.2%

98.9%

-0.3%

Properties Sold % Sold Price to List Price

% Change

$612,633

Average Days on Market Highest Price

2018

The average price in Louisville increased by 8.2% January through December, 2018 compared to that of 2017.

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

2017

2018

% Change

$570,968

$571,035

0.0%

45

65

44.4%

$1,090,000

$1,218,414

11.8%

169

185

9.5%

100.4%

99.5%

-0.9%

2982 Casalon Circle, Superior

coloradomicroreports.com

LAFAYETTE January through December Average Price

2017

$560,909

7.1%

54

42

-22.2%

$2,211,300

$1,850,000

-16.3%

474

443

-6.5%

99.6%

99.6%

0.0%

Properties Sold % Sold Price to List Price

% Change

$523,635

Average Days on Market Highest Price

2018

10203 Arapahoe Road, Lafayette

15.6%

January through December, 2018, the average days on market in Erie decreased by 15.6% compared to that 2017.

ERIE/SOUTHWEST WELD COUNTY January through December Average Price

2017

$448,924

-11.4%

64

54

-15.6%

$1,800,000

$1,794,000

-0.3%

1,247

1,163

-6.7%

100.0%

100.0%

0.0%

Properties Sold % Sold Price to List Price

% Change

$506,410

Average Days on Market Highest Price

2018

Frederick, Firestone, Dacono

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

2017

2018

% Change

$435,482

$478,058

9.8%

55

55

0.0%

$5,950,000

$4,000,000

-32.8%

1,704

1,672

-1.9%

99.4%

99.0%

-0.4%

MICROMARKET REPORT | Boulder livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

LYONS January through December Average Price

2017

$592,394

15.2%

85

89

4.7%

$985,000

$2,400,000

143.7%

90

115

27.8%

97.1%

96.3%

-0.8%

Properties Sold % Sold Price to List Price

% Change

$514,093

Average Days on Market Highest Price

2018

BOULDER COUNTY PLAINS January through December

2017

2018

Average Price

$1,131,515

$1,046,714

-7.5%

114

84

-26.3%

$2,350,000

$3,124,400

33.0%

38

61

60.5%

98.0%

96.0%

-2.0%

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

% Change

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

Situated at the intersection of State Highway 7 and U.S. Highway 36, Lyons is often referred to as “The Double Gateway to the Rockies.”

26.3%

The average days on market in the Eastern Boulder County Plains decreased by 26.3% in January through December, 2018 compared to that of 2017.

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

2017

2018

% Change

$749,585

$764,925

2.0%

102

85

-16.7%

$1,400,000

$1,410,400

0.7%

23

26

13.0%

97.0%

96.0%

-1.0%

Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs 3800 Pleasant Ridge Road, Boulder County Plains

coloradomicroreports.com

9.1%

January through December, 2018, the average price in the Mountain and Canyon Communities increased by 9.1% compared to that of 2017.

NUMBER OF DAYS OF SUNSHINE: 300

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

2017

2018

% Change

$468,466

$511,243

9.1%

92

88

-4.3%

$1,095,000

$1,240,000

13.2%

87

77

-11.5%

98.0%

98.0%

0.0%

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

BOULDER COUNTY PARKS: 60

ACRES OF PRESERVED OPEN SPACE: 45,000

MICROMARKET REPORT | Boulder livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

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.