Boulder Micro Market Report
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 January through March of 2023 and compares them to the same period in 2022.
Boulder’s real estate market is starting off 2023 on a positive note and outperforming many conservative expectations. The number of homes sold in Boulder County slightly decreased in comparison to 2022 Through March of this year, there have been 736 homes sold— down 0.8% from 2022. However, low inventory coupled with continued buyer demand resulted in housing prices remaining strong and a decrease in the days on market. After a slow end of 2022, momentum is certainly building in Denver’s real estate market.
Rising interest rates means that buyers have less purchasing power. Sellers have come down ever so slightly in pricing, but limited inventory and high demand still gives buyers a lot of control in this market. During the first quarter of the year, the average price for a singlefamily home in Boulder County is $924,021—down 5.8% from 2022.
Boulder’s individual neighborhoods vary in market trends, as there are many distinctions even within this small geographic region. We are seeing a wide variance in buyer demand for certain neighborhoods, subdivisions and even buildings. In the first quarter of 2023, North Boulder saw a 8.1% average price increase compared to 2022, and the South Boulder neighborhood saw a —30.9% decrease for the same time period.
