LIV
MICRO MARKET REPORTS
BOULDER | Mid-Year 2016
C O LO R A D O M I C R O R E P O RTS .C O M
BOULDER COUNTY NEIGHBORHOODS 15
3
2
10
14
4
9
5
1
7
6
13 8
11
1. Mountain & Canyon Communities
7. Central Boulder & Historic District
13. Lafayette
2. Foothills Communities
8. South Boulder
14. Erie
3. Lyons
9. East Boulder & Gunbarrel
15. Longmont
4. North Boulder
10. Eastern Boulder County Plains
5. Downtown
11. Superior
6. University Hill & Chautauqua
12. Louisville
12
MICROMARKET REPORT | BOULDER MID-YEAR 2016 | 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.
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 January through June
2015
2016
% Change
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%
700
553
-21.0%
61
65
6.6%
$503,719
$588,256
16.8%
Sold Condo Average Days on Market Average Price % Sold Price to List Price Total Sold Sales Volume
100.0%
100.0%
0.0%
$1,286,029,738
$1,233,326,967
-4.1%
MICROMARKET REPORT | BOULDER MID-YEAR 2016 | 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.
BOULDER MARKET | MARKETS BY AREA
All Properties
CITY OF BOULDER January through June
2015
2016
New Listings
1,326
1,230
-7.2%
958
760
-20.7%
Sold Single Family
513
463
-9.7%
Sold Condo
445
297
-33.3%
56
60
7.1%
$654,968
$790,101
20.6%
100.0%
100.0%
0.0%
Sold Listings (All Properties)
Average Days on Market Average Price % Sold Price to List Price
% Change
CENTRAL BOULDER & HISTORIC DISTRICT Mapleton Hill, Whittier, Newlands, Green Meadows, Sunset Hill, Panorama Heights
January through June Single Family
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$1,064,494
$1,355,992
27.4%
73
70
-4.1%
$3,400,000
$3,950,000
16.2%
109
83
-23.9%
99.0%
99.0%
0.0%
2015
2016
% Change
$587,097
$603,698
2.8%
59
55
-6.8%
$2,780,000
$1,600,000
-42.4%
109
68
-37.6%
100.0%
101.0%
1.0%
2015
2016
% Change
$918,072
$1,050,904
14.5%
77
49
-36.4%
$2,125,000
$3,400,000
60.0%
54
42
-22.2%
98.0%
99.0%
1.0%
DOWNTOWN BOULDER Attached Dwellings
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
UNIVERSITY HILL & CHAUTAUQUA
Floral Park, Geneva Park, Bellevue, Rose Hill, Columbine, Interurban Park
Single Family & Attached Dwellings
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER MID-YEAR 2016 | 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.
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
Single Family & Attached Dwellings
January through June Average Price
2015
2016
% Change
$570,143
$728,068
27.7%
38
46
21.1%
$3,489,000
$3,100,000
-11.1%
165
133
-19.4%
101.0%
102.0%
1.0%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
EAST BOULDER & GUNBARREL
Four Mile Creek, Noble Park, Palo Park, Orange Orchard, Boulder Country Club, Country Club Estates
Single Family & Attached Dwellings
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$458,606
$591,674
29.0%
46
50
8.7%
$2,050,000
$2,600,000
26.8%
313
255
-18.5%
100.0%
101.0%
1.0%
NORTH BOULDER
Wonderland Hill, Dakota Ridge, Northfield, Carolyn Heights, Melody Heights, McKay’s Orchard, Moores
Single Family & Attached Dwellings
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$712,203
$900,081
26.4%
56
69
23.2%
$4,495,000
$2,500,000
-44.4%
163
154
-5.5%
100.0%
100.0%
0.0%
MICROMARKET REPORT | BOULDER MID-YEAR 2016 | 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.
BOULDER MARKET | MARKETS BY AREA
10135 75th Street, Boulder
CITY OF LOUISVILLE Single Family & Attached Dwellings
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$509,010
$568,305
11.6%
47.
53
12.8%
$1,185,000
$999,000
-15.7%
155
112
-27.7%
100.0%
101.0%
1.0%
2015
2016
% Change
$461,912
$576,081
24.7%
46
36
-21.7%
$1,142,333
$10,107,287
784.8%
100
84
-16.0%
100.0%
107.0%
7.0%
2015
2016
% Change
$408,654
$460,401
12.7%
55
78
41.8%
$1,423,333
$1,250,000
-12.2%
251
179
-28.7%
102.0%
101.0%
-1.0%
CITY OF SUPERIOR Single Family & Attached Dwellings
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
CITY OF LAFAYETTE Single Family & Attached Dwellings
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER MID-YEAR 2016 | 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.
BOULDER MARKET | MARKETS BY AREA
6610 Rabbit Mountain Road, Longmont
CITY OF ERIE AND SOUTHWEST WELD COUNTY Frederick, Firestone, Dacono
Single Family & Attached Dwellings
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$345,719
$378,413
9.5%
58
61
5.2%
$1,265,000
$1,008,000
-20.3%
973
611
-37.2%
100.0%
100.0%
0.0%
2015
2016
% Change
$312,563
$364,699
16.7%
51
59
15.7%
$1,085,000
$1,067,500
-1.6%
827
661
-20.1%
101.0%
101.0%
0.0%
2015
2016
% Change
$511,938
$516,638
0.9%
76
88
15.8%
$690,000
$791,000
14.6%
18
21
16.7%
98.0%
99.0%
1.0%
CITY OF LONGMONT Single Family & Attached Dwellings
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
CITY OF LYONS Single Family & Attached Dwellings
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | BOULDER MID-YEAR 2016 | 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.
BOULDER MARKET | MARKETS BY AREA
1306 Reed Ranch Road, Boulder
EASTERN BOULDER COUNTY PLAINS
Niwot, Hygiene, Sommerset Estates, White Hawk Ranch, Fairview Estates, Paragon Estates, Spanish Hills
Single Family & Attached Dwellings
January through June Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$629,395
$770,274
22.4%
70
77
10.0%
$2,050,000
$2,750,000
34.1%
561
219
-61.0%
99.0%
98.0%
-1.0%
2015
2016
% Change
$748,631
$894,708
19.5%
126
110
-12.7%
$3,099,500
$3,069,000
-1.0%
75
54
-28.0%
96.0%
97.0%
1.0%
FOOTHILLS COMMUNITIES
Pinebrook Hills, Boulder Heights, Lake of the Pines, Jamestown, Eldorado Springs
January through June Single Family
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MOUNTAIN & CANYON COMMUNITIES
Nederland, Allenspark, Coal Creek Canyon, Golden Gate Canyon, Gilpin & Jefferson County
January through June Single Family
Average Price Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$344,579
$465,583
35.1%
148.
133
-10.1%
$1,237,000
$3,000,000
142.5%
162
105
-35.2%
97.0%
96.0%
-1.0%
MICROMARKET REPORT | BOULDER MID-YEAR 2016 | 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.
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