LIV MICRO MARKET REPORTS BOULDER Mid-Year 2016 COLORADOMICROREPORTS.COM
BOULDER COUNTY NEIGHBORHOODS 3 15 2 10 4 14 9 1 5 7 6 13 8 11 12 1. Mountain & Canyon Communities 2. Foothills Communities 3. Lyons 4. North Boulder 5. Downtown 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 13. Lafayette 14. Erie 15. Longmont
BOULDER AREA The Boulder Area Micro Market Report (MMR), prepared by LIV Sotheby s International Realty, compares 2016 mid-year statistics (January through June), to that of 2015, for single family homes and attached dwellings in Boulder County. The average sales price of single family and attached dwellings combined rose 16.8%, resulting in an average price of $588,256. The pace of sales has slowed slightly (down 12.0% from 2015), although double-digit average price appreciation (up 16.8% from 2015) has more than made up for the decline. Boulder County is experiencing a severe shortage of inventory across all price ranges, but more acutely as the price range lowers. Average sales price to list price ratio remains over 100%, and winning bids are often significantly over asking. Even in the luxury market (homes priced over $1M), average days on the market are a mere two months. Boulder and surrounding communities are often cited in the media as best places to live in the country, and our economy is growing rapidly. More jobs and increasing incomes will continue to drive prices higher for as long as the supply stays so limited. No changes in the variables of this equation are anticipated anytime soon. MID-YEAR Highlights: Louisville s average price is $568,305 up 11.6% Foothills Communities of Boulder County s average price is $894,708 up 19.5% University Hill s average price is $1,050,904 up 14.5% Central Boulder and Historic District s average price is $1,355,992 up 27.4% 2,084 homes sold for an average of $588,256 or, $1,233,326,967 total dollar volume sold. BOULDER COUNTY All Properties New Listings 3,376 3,128-7.3% Sold Listings (All Properties) 2,368 2,084-12.0% Sold Single Family 1,668 1,531-8.2% Sold Condo 700 553-21.0% Average Days on Market 61 65 6.6% Average Price $503,719 $588,256 16.8% % Sold Price to List Price 100.0% 100.0% 0.0% Total Sold Sales Volume $1,286,029,738 $1,233,326,967-4.1%
BOULDER MARKET MARKETS BY AREA CITY OF BOULDER All Properties New Listings 1,326 1,230-7.2% Sold Listings (All Properties) 958 760-20.7% Sold Single Family 513 463-9.7% Sold Condo 445 297-33.3% Average Days on Market 56 60 7.1% Average Price $654,968 $790,101 20.6% % Sold Price to List Price 100.0% 100.0% 0.0% CENTRAL BOULDER & HISTORIC DISTRICT Mapleton Hill, Whittier, Newlands, Green Meadows, Sunset Hill, Panorama Heights Average Price $1,064,494 $1,355,992 27.4% Single Family Average Days on Market 73 70-4.1% Highest Price $3,400,000 $3,950,000 16.2% Properties Sold 109 83-23.9% % Sold Price to List Price 99.0% 99.0% 0.0% DOWNTOWN BOULDER Average Price $587,097 $603,698 2.8% Average Days on Market 59 55-6.8% Highest Price $2,780,000 $1,600,000-42.4% Properties Sold 109 68-37.6% % Sold Price to List Price 100.0% 101.0% 1.0% UNIVERSITY HILL & CHAUTAUQUA Floral Park, Geneva Park, Bellevue, Rose Hill, Columbine, Interurban Park Average Price $918,072 $1,050,904 14.5% Average Days on Market 77 49-36.4% Highest Price $2,125,000 $3,400,000 60.0% Properties Sold 54 42-22.2% % Sold Price to List Price 98.0% 99.0% 1.0%
BOULDER MARKET MARKETS BY AREA 2220 Spotswood Place, Boulder SOUTH BOULDER Devil s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows Average Price $570,143 $728,068 27.7% Average Days on Market 38 46 21.1% Highest Price $3,489,000 $3,100,000-11.1% Properties Sold 165 133-19.4% % Sold Price to List Price 101.0% 102.0% 1.0% EAST BOULDER & GUNBARREL Four Mile Creek, Noble Park, Palo Park, Orange Orchard, Boulder Country Club, Country Club Estates Average Price $458,606 $591,674 29.0% Average Days on Market 46 50 8.7% Highest Price $2,050,000 $2,600,000 26.8% Properties Sold 313 255-18.5% % Sold Price to List Price 100.0% 101.0% 1.0% NORTH BOULDER Wonderland Hill, Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay s Orchard, Moores Average Price $712,203 $900,081 26.4% Average Days on Market 56 69 23.2% Highest Price $4,495,000 $2,500,000-44.4% Properties Sold 163 154-5.5% % Sold Price to List Price 100.0% 100.0% 0.0%
BOULDER MARKET MARKETS BY AREA 10135 75th Street, Boulder CITY OF LOUISVILLE Average Price $509,010 $568,305 11.6% Average Days on Market 47. 53 12.8% Highest Price $1,185,000 $999,000-15.7% Properties Sold 155 112-27.7% % Sold Price to List Price 100.0% 101.0% 1.0% CITY OF SUPERIOR Average Price $461,912 $576,081 24.7% Average Days on Market 46 36-21.7% Highest Price $1,142,333 $10,107,287 784.8% Properties Sold 100 84-16.0% % Sold Price to List Price 100.0% 107.0% 7.0% CITY OF LAFAYETTE Average Price $408,654 $460,401 12.7% Average Days on Market 55 78 41.8% Highest Price $1,423,333 $1,250,000-12.2% Properties Sold 251 179-28.7% % Sold Price to List Price 102.0% 101.0% -1.0%
BOULDER MARKET MARKETS BY AREA CITY OF ERIE AND SOUTHWEST WELD COUNTY Frederick, Firestone, Dacono 6610 Rabbit Mountain Road, Longmont Average Price $345,719 $378,413 9.5% Average Days on Market 58 61 5.2% Highest Price $1,265,000 $1,008,000-20.3% Properties Sold 973 611-37.2% % Sold Price to List Price 100.0% 100.0% 0.0% CITY OF LONGMONT Average Price $312,563 $364,699 16.7% Average Days on Market 51 59 15.7% Highest Price $1,085,000 $1,067,500-1.6% Properties Sold 827 661-20.1% % Sold Price to List Price 101.0% 101.0% 0.0% CITY OF LYONS Average Price $511,938 $516,638 0.9% Average Days on Market 76 88 15.8% Highest Price $690,000 $791,000 14.6% Properties Sold 18 21 16.7% % Sold Price to List Price 98.0% 99.0% 1.0%
BOULDER MARKET MARKETS BY AREA EASTERN BOULDER COUNTY PLAINS Niwot, Hygiene, Sommerset Estates, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills 1306 Reed Ranch Road, Boulder Average Price $629,395 $770,274 22.4% Average Days on Market 70 77 10.0% Highest Price $2,050,000 $2,750,000 34.1% Properties Sold 561 219-61.0% % Sold Price to List Price 99.0% 98.0% -1.0% FOOTHILLS COMMUNITIES Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs Average Price $748,631 $894,708 19.5% Single Family Average Days on Market 126 110-12.7% Highest Price $3,099,500 $3,069,000-1.0% Properties Sold 75 54-28.0% % Sold Price to List Price 96.0% 97.0% 1.0% MOUNTAIN & CANYON COMMUNITIES Nederland, Allenspark, Coal Creek Canyon, Golden Gate Canyon, Gilpin & Jefferson County Average Price $344,579 $465,583 35.1% Single Family Average Days on Market 148. 133-10.1% Highest Price $1,237,000 $3,000,000 142.5% Properties Sold 162 105-35.2% % Sold Price to List Price 97.0% 96.0% -1.0%
LIV SOTHEBY S INTERNATIONAL REALTY MARKET UPDATE VIDEOS Median Listing Price 2015-2016 Median Sale Price 2015-2016 Days on Market 2015-2016 The monthly MARKET SNAPSHOT VIDEO for your neighborhood. LIV Sotheby s International Realty compiles monthly Market Update Videos to help consumers make better real estate decisions, whether purchasing or selling a home. Explore local market conditions, sales trends and more by viewing our detailed yet easy to understand videos. COLORADOMARKETUPDATES.COM
COLORADO LUXURY REAL ESTATE EXPERTS BOULDER 1805 29th Street #1140 Boulder, CO 80301 303.447.2000 BOULDER 1050 Walnut Street Suite 100 Boulder, CO 80302 303.443.6161 CASTLE PINES 858 W. Happy Canyon Road Suite 100 Castle Rock, CO 80108 303.660.8800 CHERRY CREEK 100 Saint Paul Street Suite 200 Denver, CO 80206 303.893.3200 CHERRY CREEK 255 Clayton Street Unit 100 North Denver, CO 80206 303.893.3200 DENVER TECH CENTER 8000 E. Belleview Avenue Suite 200 Greenwood Village, CO 80111 303.893.3200 DOWNTOWN DENVER 1512 Larimer Street #46R Denver, CO 80202 303.893.3200 EVERGREEN 31955 Castle Court Unit #1 South Evergreen, CO 80439 303.674.3200 BRECKENRIDGE 101 S. Main Street Breckenridge, CO 80424 970.453.0550 VAIL 292 E. Meadow Drive Suite 101 Vail, CO 81657 970.476.7944 VAIL 28 Bridge Street Suite 100 Vail, CO 81657 970.476.7944 BEAVER CREEK 26 Avondale Lane #119 Beaver Creek, CO 81620 970.845.0400 EDWARDS 34253 Highway 6 #2A Edwards, CO 81632 970.748.5150 LIV Sotheby s International Realty Locations 36 BOULDER CASTLE PINES VILLAGE CHERRY CREEK DOWNTOWN DENVER EVERGREEN GREENWOOD VILLAGE BRECKENRIDGE VAIL VALLEY BOULDER COUNTY Boulder 25 DENVER VAIL VALLEY 70 Downtown Denver Cherry Creek Edwards Beaver Creek Vail 24 70 SUMMIT COUNTY Breckenridge Evergreen 85 25 Denver Tech Center 285 Castle Pines
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