In the Big Leagues Now... Boulder’s Luxury Market Hits It Out of the Park in 2021 Photo/charts courtesy: WK Real Estate
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he Boulder area is known as an expensive market for home buyers in the Denver Metro. With the exception of 2019 when things stalled out a bit with only single digit growth, the market for properties priced $1 million and over has grown approximately 12% to 30% every year since 2015 until 2021. In 2021, the number of residential properties sold over $1 million in Boulder and Broomfield Counties increased an unprecedented 71% year over year. WK Real Estate in Boulder has been a local leader in distinctive home sales since the company was founded in 1976. WK is a 15-plus year member of Luxury Portfolio International® (LPI), the luxury marketing division of Leading Real Estate Companies of the World® (LeadingRE).
We recently held an informative panel discussion with Elaine Collins, Jim Green, John Hoeffler, Sibyl Liedtke and Barry Remington, some of WK’s top broker associates, about Boulder’s ongoing luxury real estate boom. Here are a few key conversations from this knowledgeable group of real estate professionals. The luxury market in Boulder and Broomfield Counties saw unprecedented growth in sales and price appreciation in 2021. What do you attribute this to? John Hoeffler: This trend is not unique to Boulder, it’s a national trend in many desirable markets that have limited supply. The economy is good, wealth has increased for many people, especially given that the stock market has been on a run for 10 years now. Now with Augmented Reality! See Page 4 for Details. – Spring 2022
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