Luxury Market Report 2023
In the last three years, we’ve seen ultra-luxury buyers from California and New York, along with parts of Texas and Illinois, surface in search of a greater quality of life. Our challenge here has become one of inventory. The demand exists but due to a variety of constraints, we have a very limited supply. Price thresholds are constantly being tested and consistently being accepted by the market. Our little mountain college town is no longer a secret, it now sits squarely on the radar for ultra-luxury.
— The Remmert Group
Steve, Lindsey, Lucy, Vanessa, and Michelle
(July 1st, 2022 - December 31st, 2022) Boulder County (Cities, Mountains and Plains) Residential Detached ACTIVE UNDER CONTRACT SOLD* MONTHS SUPPLY OF INVENTORY: 7.5 MONTHS ACTIVE TO U/C RATIO: 21% 53 42 8 City of Boulder Residential Detached ACTIVE UNDER CONTRACT SOLD* MONTHS SUPPLY OF INVENTORY: 5.1 MONTHS ACTIVE TO U/C RATIO: 32% 22 26 7 *SOLD IN THE LAST 6 MONTHS DATA SOURCED FROM IRES, MLS
Luxury Statistics in Boulder County, Properties $3M+
Boulder County (Plains)
Residential Detached ACTIVE UNDER CONTRACT SOLD*
INVENTORY:
U/C
Residential Detached ACTIVE UNDER CONTRACT SOLD*
OF INVENTORY:
ACTIVE TO U/C RATIO:
9
Luxury Residential Attached ACTIVE UNDER CONTRACT SOLD*
U/C
*SOLD IN THE LAST 6 MONTHS DATA SOURCED FROM IRES, MLS
MONTHS SUPPLY OF
11.5 MONTHS ACTIVE TO
RATIO: 4% 23 12 1 Boulder County (Plains)
MONTHS SUPPLY
11 MONTHS
0%
5 0
MONTHS SUPPLY OF INVENTORY: 1.2 MONTHS ACTIVE TO
RATIO: 0% 1 5 0
Remmert Group Luxury Sales in the Second Half of 2022 • 2075 Balsam Ave - BUYER • 3033 4th Street - BUYER • 2115 Linden Ave - SELLER • 1955 3rd Street - BUYER Luxury Properties $3M+ Total Number Sold in Boulder County PAST YEAR.........................109 PAST 3 YEARS.....................251 PAST 5 YEARS....................324
Steve Remmert (720) 339-5033 steve@steveremmert.com Michelle Steiner (303) 746-2047 Michelle.Steiner@compass.com Lindsey Hughes (720) 456-2576 Lindsey.Hughes@compass.com Lucy Conklin (720) 470-0910 Lucy.Conklin@compass.com Vanessa Hilbert (303) 653-3054 Vanessa.Hilbert@compass.com 1470 Walnut St Suite 201/202 Boulder, CO 80302 steveremmert.com Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. This is not intended to solicit property already listed. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.