MICROMARKET REPORT Boulder Quarter

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Spencer Manning
5 years ago
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1 MICROMARKET REPORT Boulder Quarter

BOULDER COUNTY NEIGHBORHOODS 3 15 1. Mountain & Canyon Communities 2. Foothills Communities 3. Lyons 4. North Boulder 2 10 5. Downtown 6. University Hill & Chautauqua 4 14 7.

2 BOULDER COUNTY NEIGHBORHOODS Mountain & Canyon Communities 2. Foothills Communities 3. Lyons 4. North Boulder Downtown 6. University Hill & Chautauqua Central Boulder & Historic District 8. South Boulder 9. East Boulder & Gunbarrel 10. Eastern Boulder County Plains Superior Louisville 13. Lafayette 14. Erie Longmont Pictured on cover: 1459 White Hawk Ranch Drive, Boulder coloradomicroreports.com

BOULDER market update Boulder County real estate continues to be one of the best performing investments, in addition to providing one of the most attractive lifestyles in the country.

3 BOULDER market update Boulder County real estate continues to be one of the best performing investments, in addition to providing one of the most attractive lifestyles in the country. Strong employment, and net migration has created a market where demand seems to constantly outpace supply, resulting in a fastmoving and competitive seller s market in most areas. County-wide, there were 883 sold listings (all properties) January through March 2018, which is up 6.5% year-over-year. Total dollar volume sold was up a signficiant 22.7%, and stood at $583,934,787 at the end of Quarter The average price was up 15.2%, to $661,308, and several micro markets saw a similar increase in average sold price as well as highest price sold. LIV Sotheby s International Realty was credited with having the highest sale of an attached residence in Boulder County history; 1155 Canyon Boulevard #406 sold for a record-breaking $5,500,000 in March There were modest increases in transaction volume, while average sales price increased 15.2% for all property types in Boulder County, said David Carner, managing broker of LIV Sotheby s International Realty s Boulder offices. Because of some notable high-end sales this first quarter, the average price comparison is a little skewed, and should not be interpreted as an average appreciation rate. That number is better reflected in in the Federal government s estimation of appreciation in their quarterly price index (source: FHFA.gov).. The most recent data for the Boulder metropolitan statistical area indicates an annual appreciation rate of 9.3%. The last quarter of 2017 came in at 1.86%, so the trend is that the appreciation rate will be lower (still increasing, but at a decreasing rate). Ultimately, appreciation is driven by an undersupplied market with excess demand, and this is what we are still seeing. New Listings 1,444 1, % Sold Listings (All Properties) % Sold Single Family % Sold Condo % Average Days on Market % Average Price $574,282 $661, % % Sold Price to Original List Price 99.3% 98.6% -0.7% Total Dollar Volume Sold $476,079,579 $583,934, % All Properties BOULDER COUNTY Overall, the Boulder real estate market remains one of the most desirable places to live in the country. The Boulder metropolitan statistical area ranked 57th of 253 markets by the Federal Housing Finance Authority in their most recent quarterly report, further exemlifying the attractive lifestyle that Boulder offers buyers. 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 QUARTER COLORADOMICROREPORTS.COM

CITY OF BOULDER New Listings 555 539-2.9% Sold Listings (All Properties) 312 341 9.3% Sold Single Family 172 195 13.4% Sold Condo 140 146 4.3% Average Days on Market 69 65-5.

1% Highest Price $2,450,000 $5,200,000 112.2% Properties Sold 26 33 26.

4 CITY OF BOULDER New Listings % Sold Listings (All Properties) % Sold Single Family % Sold Condo % Average Days on Market % Average Price $723,916 $893, % % Sold Price to List Price 98.2% 97.9% -0.3% CENTRAL & HISTORIC BOULDER Average Price $1,258,613 $1,485, % Average Days on Market % Highest Price $2,450,000 $5,200, % Properties Sold % 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. % Sold Price to List Price 100.0% 98.0% -2.0% Mapleton Hill, Whittier, Newlands, Green Meadows, Sunset Hill, Panorama Heights DOWNTOWN BOULDER Average Price $694,938 $888, % Average Days on Market % Highest Price $2,187,500 $5,500, % Properties Sold % % Sold Price to List Price 99.0% 98.0% -1.0% coloradomicroreports.com

85.1% The average price for University Hill & Chautauqua increased by 85.1% January through March 2018 compared to that of 2017. UNIVERSITY HILL & CHAUTAUQUA Average Price $927,437 $1,716,557 85.

5 85.1% The average price for University Hill & Chautauqua increased by 85.1% January through March 2018 compared to that of UNIVERSITY HILL & CHAUTAUQUA Average Price $927,437 $1,716, % Average Days on Market % Highest Price $2,250,000 $4,300, % Properties Sold % % Sold Price to List Price 97.0% 99.0% 2.1% Floral Park, Geneva Park, Bellevue, Rose Hill, Columbine, Interurban Park SOUTH BOULDER Average Price $658,123 $709, % Average Days on Market % Highest Price $1,675,000 $2,220, % Properties Sold % % Sold Price to List Price 98.0% 98.0% 0.0% Devil s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows 12.7% The average price for East Boulder and Gunbarrel increased by 12.7% January through March 2018 compared to that of EAST BOULDER & GUNBARREL Average Price $580,379 $654, % Average Days on Market % Highest Price $2,550,000 $3,000, % Properties Sold % % Sold Price to List Price 99.0% 99.0% 0.0% Wonderland Hill,Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay s Orchard, Moores livsothebysrealty.com MICROMARKET REPORT Boulder QUARTER COLORADOMICROREPORTS.COM

NORTH BOULDER Average Price $800,955 $1,031,431 28.8% Average Days on Market 83 71-14.5% Highest Price $2,200,000 $2,500,000 13.

6 NORTH BOULDER Average Price $800,955 $1,031, % Average Days on Market % Highest Price $2,200,000 $2,500, % Northern Boulder boasts more than 220+ artists and creative industries along its popular Broadway Street. Properties Sold % % Sold Price to List Price 100.0% 99.0% -1.0% LOUISVILLE Average Price $551,204 $651, % Average Days on Market % Highest Price $1,260,000 $1,400, % 18.3% The average price in Louisville increased by 18.3% January through March 2018 compared to that of Properties Sold % % Sold Price to List Price 100.0% 102.0% 2.0% SUPERIOR Average Price $567,078 $496, % Average Days on Market % Highest Price $1,087,242 $915, % Properties Sold % % Sold Price to List Price 107.0% 100.0% -6.5% coloradomicroreports.com

LAFAYETTE Average Price $493,184 $536,940 8.9% Average Days on Market 65 43-33.8% Highest Price $1,465,000 $1,150,000-21.5% Properties Sold 72 74 2.8% % Sold Price to List Price 101.0% 100.0% -1.0% 8.

8% Average Days on Market 70 62-11.4% Highest Price $997,500 $1,150,000 15.3% Properties Sold 217 250 15.2% % Sold Price to List Price 99.0% 99.0% 0.

7 LAFAYETTE Average Price $493,184 $536, % Average Days on Market % Highest Price $1,465,000 $1,150, % Properties Sold % % Sold Price to List Price 101.0% 100.0% -1.0% 8.8% January through March 2018, the average price in Erie and Southwest Weld County increased by 8.8% compared to that ERIE/SOUTHWEST WELD COUNTY Average Price $401,858 $437, % Average Days on Market % Highest Price $997,500 $1,150, % Properties Sold % % Sold Price to List Price 99.0% 99.0% 0.0% Frederick, Firestone, Dacono LONGMONT Average Price $384,303 $421, % Average Days on Market % Highest Price $1,248,499 $890, % Properties Sold % % Sold Price to List Price 100.0% 100.0% 0.0% livsothebysrealty.com MICROMARKET REPORT Boulder QUARTER COLORADOMICROREPORTS.COM

LYONS Average Price $473,896 $618,272 30.5% Average Days on Market 128 121-5.5% Highest Price $805,391 $815,000 1.2% Properties Sold 11 9-18.2% 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.

8 LYONS Average Price $473,896 $618, % Average Days on Market % Highest Price $805,391 $815, % Properties Sold % 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. % Sold Price to List Price 100.0% 98.0% -2.0% BOULDER COUNTY PLAINS Average Price $783,284 $852, % Average Days on Market % Highest Price $2,550,000 $3,000, % Properties Sold % % Sold Price to List Price 96.0% 97.0% 1.0% Niwot, Hygiene, Sommerset Estates, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills 8.9% The average price in the Eastern Boulder County Plains increased by 8.9% in January through March 2018 compared to that of FOOTHILLS COMMUNITIES Average Price $788,358 $913, % Average Days on Market % Highest Price $1,459,750 $3,650, % Properties Sold % % Sold Price to List Price 96.0% 96.0% 0.0% Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs coloradomicroreports.com

9.5% January through March 2018, the average price in the

2% Properties Sold 39 41 5.1% % Sold Price to List Price 98.

0% Nederland, Allenspark, Coal Creek Canyon, Golden Gate

9 9.5% January through March 2018, the average price in the Mountain and Canyon Communities increased by 9.5% compared to that of MOUNTAIN & CANYON COMMUNITIES Average Price $466,434 $510, % Average Days on Market % Highest Price $1,095,000 $1,240, % Properties Sold % % Sold Price to List Price 98.0% 97.0% -1.0% 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 livsothebysrealty.com MICROMARKET REPORT Boulder QUARTER COLORADOMICROREPORTS.COM

10 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.

MICROMARKET REPORT BOULDER

MICROMARKET REPORT BOULDER MID-YEAR 2012 w w w. c o l oradomi c roreport s. c om BOULDER NEIGHBORHOODS 6 3 8 7 5 4 1 11 2 9 10 1. Central Boulder 5. Newlands 9. South Boulder 2. East Boulder 6. Niwot 10. Southwest Boulder 3. Gunbarrel