Boulder Valley | Quarter 2, 2021
Boulder County, a community that appreciates nature, culture, and a healthy lifestyle, has been a long-time favorite of buyers looking for the epitome of the Colorado lifestyle. In fact, Boulder was recently ranked as the No. 1 city in the country to live in for 2021 by U.S. News & World Report. Situated beneath the iconic Flatirons and located just 40 minutes from the heart of Denver, Boulder offers its residents the best of city living near nature. It’s sustained popularity has influenced an appreciation of home prices, increases in the number of homes sold, and a quickening of the pace of the market.
According to LIV Sotheby’s International Realty’s Mid-Year Micro Market Report, focused on Boulder County and each of the unique neighborhoods within it, Boulder has experienced a 30.3% increase in listings sold for all property types through June of this year compared to the same time frame of 2020. While there were more single family home sales through the second quarter of the year, the condominiums market saw a more significant increase in the number of units sold. There were 1,842 single family homes sold, a 27.5% increase over 2020, but condominium sales rose by an impressive 47.5%, reaching a total of 869 units sold through June. During that time, the average price for all property types also increased, rising by 26.7%, which brings the average home price to $850,630 in Boulder County. Combined, the boost in property sales and appreciation of home prices resulted in a 65.1% increase in sales volume, totaling $2,306,058,451.
The elevated levels of demand for Boulder County homes can also be seen throughout the individual neighborhoods that make up this incredible Colorado community. The Foothills Communities are a prime example of this trend. Through June of this year, there were 849 homes sold, which is an astounding 14,050% increase from the same time frame in 2020 when there were just six homes sold. The University Hills & Chautauqua neighborhood also experienced a boom in homebuying, with the number of sold properties rising by 157.7%, from 26 homes sold last year to 67 homes sold so far in 2021.
Home values within the County’s neighborhoods saw an upward trend through Q2 of 2021. Communities such as the City of Boulder and Arvada have both experienced upticks in home prices. In Boulder, the average price for a home through June was $1,093,936, a 16.9% increase and in Arvada, homes sold for an average price of $566,398, a 17.4% increase, during the same time period.
As a top destination for homebuyers, Boulder’s real estate market will continue to see growth in its market activity and strengthening of home values. With an enviable lifestyle, an active real estate market, and an incredible community, Boulder County is sure to continue drawing consumers to its cities for years to come.
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.