Boulder | Q1 2020
Located at the base of Colorado’s famous Rocky Mountains lies the lively and unique city of Boulder. Just a half-hour northwest of Denver, this area has all of the amenities of a metropolitan city, on a smaller scale. With its strong community feel, Boulder offers its residents plenty of activities to choose from all year round. Head to Pearl Street to test some of Boulder’s best selection of restaurants, browse through local boutiques, and find a spot to sip a cocktail and enjoy live music to listen to. When the weather is nice, you’ll want to head outdoors for hiking, biking, rock climbing, and more. Since this city is so close to the mountains, adventures are easily accessible. No matter your lifestyle, hobbies, or interests, Boulder will have something for you.
LIV Sotheby’s International Realty produces a Micro Market Report focused on Boulder County and each of the unique neighborhoods within it. The report examines key performance indicators from Q1 of 2020 and compares them to the same time period of 2019. Boulder County has seen a 20.9% increase in total sold sales volume, likely as the result of Boulder County’s 14.6% increase in overall sold properties. Throughout Q1 in 2020, there were 960 sold homes compared to 2019 when there were 838 sold homes.
Out of all of the communities within Boulder County, Downtown Boulder saw the most impressive rise in the number of homes sold, increasing by 400% from Q1 of 2019 when three homes were sold, to Q1 of 2020 when 15 homes were sold. Further illustrating this area’s popularity, the average days on market for this community dropped by 39.5% to 118 days, showing that interested buyers are acting more quickly.
The Central and Historic Boulder community experienced the largest increase in average price, up 27.3% in Q1 of 2020 compared to the same time frame in 2019. The average price for a home in this area is $1,307,792, up from Q1 if 2019 when the average price was $1,027,225.
Ideal for all ages and lifestyles, Boulder is a beautiful city to buy and sell primary residences or second homes in. This Colorado community’s real estate market is healthy and continually growing as more people decide to call the Boulder area home.
This Colorado Micro Market Report includes real estate data statistics for the following neighborhoods (single family, unless otherwise indicated): Central Boulder, East Boulder, Gunbarrel, Mapleton Hill, Newlands, Niwot, Northeast Boulder, Northwest Boulder, South Boulder, Southeast Boulder, and Southwest Boulder.