LIV MICROMARKET REPORT BOULDER Year-End 2015 COLORADOMICROREPORTS.COM
BOULDER COUNTY NEIGHBORHOODS 12 11 14 13 6 10 5 15 2 1 3 4 16 17 18 9 8 7 1. Central Boulder & Historic District 2. Downtown 3. University Hill & Chautauqua 4. South Boulder 5. East Boulder & Gunbarrel 6. North Boulder 7. Louisville 8. Superior 9. Lafayette 10. Erie 11. Longmont 12. Lyons 13. Eastern Boulder County Plains 14. Foothills Communities 15. Mountain & Canyon Communities 16. Broomfield 17. Westminster 18. Arvada North Denver Metro Market
BOULDER AREA The Boulder Area Micro Market Report (MMR), prepared by LIV Sotheby s International Realty, compares 2015 year-end statistics (January through December), to that of 2014, for single family homes and attached dwellings. The average sales price of single family and attached dwellings combined rose 11.8% in Boulder County, resulting in an average price of $505,991. In the City of Boulder, the average price rose 15.5% for single family homes and attached dwellings, resulting in an average price of $673,789. New listings are down 3.4% in the county and down 8.8% in the city. At the same time, the number of properties sold has increased 5.6% in the county and 1.8% in the city, meaning inventory has dropped substantially. As a result of this strong demand and limited supply, we are continuing to see upward pressure on prices, less time on the market, and higher sell price/list price ratios nearly across the board. We are in the midst of a very competitive and fast-moving market, with many positive economic variables that indicate there will be continued strong demand. Boulder and its surrounding communities are consistently rated as the best places to live in America, and with near 100% employment, Boulder real estate is sought after for both lifestyle and investment reasons. Buyers are frequently frustrated by missed opportunities resulting from the prevalence of competitive bidding situations. The hottest neighborhoods leading in terms of dollars per square foot are located in the core of Boulder the Historic District, Downtown, and University Hill. Nearly all of the cities of the eastern Boulder County plains are also appreciating quickly, with average price increases of at least 10%. January-December Highlights: Louisville s average price is $515,789 up 9.2% Foothills Communities of Boulder County s average price is $758,887 up 16.0% University Hill s average price is $1,073,049 up 21.3% Central Boulder and Historic District s average price is $1,147,700 up 8.9% 4,914 homes sold for an average of $505,991 or, $2,486,440,112 total dollar volume sold. BOULDER COUNTY All Properties New Listings 6,213 6,001-3.4% Sold Listings (All Properties) 4,653 4,914 5.6% Sold Single Family 3,252 3,538 8.8% Sold Condo 1,401 1,376-1.8% Average Days on Market 68 59-13.2% Average Price $452,649 $505,991 11.8% % Sold Price to List Price 98% 100% 2.0% Total Sold Sales Volume $2,106,175,856 $2,486,440,112 18.1%
CITY OF BOULDER BOULDER MARKET MARKETS BY AREA All Properties New Listings 2,448 2,233-8.8% Sold Listings (All Properties) 1,791 1,824 1.8% Sold Single Family 974 1,012 3.9% Sold Condo 817 812-0.6% Average Days on Market 75 60-20.0% Average Price $583,399 $673,789 15.5% % Sold Price to List Price 98% 99% 1.0% CENTRAL BOULDER & HISTORIC DISTRICT Mapleton Hill, Whittier, Newlands, Green Meadows, Sunset Hill, Panorama Heights Average Price $1,053,951 $1,147,700 8.9% Single Family Average Days on Market 74 78 5.4% Highest Price $3,300,000 $5,050,000 53.0% Properties Sold 185 200 8.1% % Sold Price to List Price 97% 98% 1.0% DOWNTOWN BOULDER Average Price $522,535 $581,317 11.2% Average Days on Market 91 61-33.0% Highest Price $5,300,000 $3,750,000-29.2% Properties Sold 162 183 13.0% % Sold Price to List Price 97% 100% 3.1% UNIVERSITY HILL & CHAUTAUQUA Floral Park, Geneva Park, Bellevue, Rose Hill, Columbine, Interurban Park Average Price $884,340 $1,073,049 21.3% Average Days on Market 90 76-15.6% Highest Price $2,830,000 $3,350,000 18.4% Properties Sold 105 104-1.0% % Sold Price to List Price 97% 98% 1.0%
BOULDER MARKET MARKETS BY AREA SOUTH BOULDER Devil s Thumb, Table Mesa, Highland Park, Shanahan Ridge, Martin Acres, Frasier Meadows, Keewaydin Meadows Average Price $502,104 $573,132 14.1% Average Days on Market 53 45-15.1% Highest Price $1,770,000 $3,489,000 97.1% Properties Sold 342 330-3.5% % Sold Price to List Price 99% 101% 2.0% EAST BOULDER & GUNBARREL Four Mile Creek, Noble Park, Palo Park, Orange Orchard, Boulder Country Club, Country Club Estates Average Price $426,642 $466,830 9.4% Average Days on Market 64 52-18.8% Highest Price $2,200,000 $2,400,000 9.1% Properties Sold 605 653 7.9% % Sold Price to List Price 99% 101% 2.0% NORTH BOULDER Wonderland Hill, Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay s Orchard, Moores Average Price $582,090 $729,142 25.3% Average Days on Market 92 56-39.1% Highest Price $2,814,400 $4,495,000 59.7% Properties Sold 352 313-11.1% % Sold Price to List Price 98% 100% 2.0%
BOULDER MARKET MARKETS BY AREA CITY OF LOUISVILLE Average Price $472,520 $515,789 9.2% Average Days on Market 51 48-5.9% Highest Price $1,375,000 $1,408,000 2.4% Properties Sold 243 260 7.0% % Sold Price to List Price 100% 100% 0.0% CITY OF SUPERIOR Average Price $435,016 $505,747 16.3% Average Days on Market 52 44-15.4% Highest Price $838,099 $1,142,333 36.3% Properties Sold 178 167-6.2% % Sold Price to List Price 99% 102% 3.0% CITY OF LAFAYETTE Average Price $371,352 $416,980 12.3% Average Days on Market 58 58 0.0% Highest Price $2,100,000 $1,423,333-32.2% Properties Sold 469 439-6.4% % Sold Price to List Price 100% 102% 2.0%
BOULDER MARKET MARKETS BY AREA CITY OF ERIE AND SOUTHWEST WELD COUNTY Frederick, Firestone, Dacono Average Price $327,736 $363,364 10.9% Average Days on Market 71 73 2.8% Highest Price $1,137,673 $1,495,000 31.4% Properties Sold 998 1,366 36.9% % Sold Price to List Price 99% 100% 1.0% CITY OF LONGMONT Average Price $287,847 $323,038 12.2% Average Days on Market 56 52-7.1% Highest Price $1,430,000 $1,085,000-24.1% Properties Sold 1,371 1,565 14.2% % Sold Price to List Price 99% 101% 2.0% CITY OF LYONS Average Price $448,506 $516,186 15.1% Average Days on Market 83 92 10.8% Highest Price $760,000 $770,000 1.3% Properties Sold 46 49 6.5% % Sold Price to List Price 98% 98% 0.0%
BOULDER MARKET MARKETS BY AREA EASTERN BOULDER COUNTY PLAINS Niwot, Hygiene, Sommerset Estates, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills Average Price $631,060 $652,264 3.4% Average Days on Market 81 65-19.8% Highest Price $3,350,000 $3,050,000-9.0% Properties Sold 401 487 21.4% % Sold Price to List Price 97% 98% 1.0% FOOTHILLS COMMUNITIES Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs Average Price $677,661 $785,887 16.0% Single Family Average Days on Market 122 117-4.1% Highest Price $4,000,000 $6,300,000 57.5% Properties Sold 129 160 24.0% % Sold Price to List Price 95% 96% 1.1% MOUNTAIN & CANYON COMMUNITIES Nederland, Allenspark, Coal Creek Canyon, Golden Gate Canyon, Gilpin & Jefferson County Average Price $350,072 $349,301-0.2% Single Family Average Days on Market 122 117-4.1% Highest Price $2,650,000 $887,500-66.5% Properties Sold 205 281 37.1% % Sold Price to List Price 96% 98% 2.1%
NORTH DENVER METRO MARKET MARKETS BY AREA CITY OF BROOMFIELD Average Price $381,624 $424,581 11.3% Average Days on Market 60 46-23.3% Highest Price $2,550,000 $2,585,103 1.4% Properties Sold 489 430-12.1% % Sold Price to List Price 99% 99% 0.0% CITY OF WESTMINSTER Average Price $404,730 $483,600 19.5% Single Family Average Days on Market 64 71 10.9% Highest Price $1,750,000 $1,429,000-18.3% Properties Sold 126 174 38.1% % Sold Price to List Price 99% 99% 0.0% CITY OF ARVADA Average Price $322,884 $360,802 11.7% Single Family Average Days on Market 53 31-41.5% Highest Price $708,500 $1,200,000 69.4% Properties Sold 107 127 18.7% % Sold Price to List Price 99.0% 100.0% 1.0%
COLORADO LUXURY REAL ESTATE EXPERTS BOULDER 1050 Walnut Street Boulder, CO 80302 303.443.6161 CASTLE PINES 858 W. Happy Canyon Road, Suite 100 Castle Rock, CO 80108 303.660.8800 CHERRY CREEK (St. Paul) 100 Saint Paul Street, Suite 200 Denver, CO 80206 303.893.3200 CHERRY CREEK (Clayton) 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, #1 South Evergreen, CO 80439 303.674.3200 BRECKENRIDGE 101 South Main Street Breckenridge, CO 80424 970.453.0550 VAIL 292 E. Meadow Drive, Suite 101 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 COUNTY BOULDER CASTLE PINES VILLAGE CHERRY CREEK DOWNTOWN DENVER EVERGREEN GREENWOOD VILLAGE BRECKENRIDGE VAIL VALLEY 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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