April 24, 2017

Hello again…

MARCH 2017 MARKET UPDATE BOULDER CO REAL ESTATE
and SURROUNDING COMMUNITIES including ESTES PARK

The Old West Lives On Today…. 
Two Spirits, One Soul….James Ayers – Artist
 
NEXT MONTH’S FEATURE TOPIC
Disputing Low Appraisal Values on Your Home
 
STATISTICS TO EXCITE OR BORE
Many of you have asked me to provide a chart that would compare Average Sales Price 
to Median Sales Price for the first quarter (three months) of 2017, so…below is an overview 
of sales activity for single family detached homes in various Boulder Valley areas, 
courtesy of IRES – Northern Colorado MLS.  Of special note is the Median Sales Price
in Boulder at $825,000, Niwot at $907,000, and Longmont at $388,635.
 
    TOTAL   HOMES       AVERAGE      SALES       MEDIAN     SALES    
          SOLD              PRICE             PRICE    
    01/01/16   01/01/17        01/01/16     01/01/17        01/01/16    01/01/17    
LOCATION   03/31/16   03/31/17       %    03/31/16     03/31/17       %    03/31/16    03/31/17      %
                                     
Boulder     168     167     -0.6   $917,745    $935,862     2.0   $790,000   $825,000     4.4
Erie       62       60     -3.2     483,621      494,419     2.2     462,500     476,500     3.0
Lafayette       47       62    31.9     515,383      530,769     3.0     470,000     494,900     5.3
Longmont     238     208   -12.6     410,384      463,760   13.0     366,222     388,635     6.1
Louisville       28       38    35.7     570,665      635,834   11.4     541,250     589,250     8.9
Lyons       25       11   -56.0     426,387      558,578   31.0     410,000     600,000   46.3
Mountains       61       58     -4.9     588,689      557,430    -5.3     450,000     489,500     8.8
Niwot       12       14    16.7     753,708   1,101,341   46.1     759,500     907,000   19.4
Plains     112     105     -6.3     682,771      787,688   15.4     601,666     628,700     4.5
Superior       25       25      0.0     647,559      622,346   – 3.9     649,836     586,750    -9.7
TOTAL     778     748                            


Provided below with an apology for any boredom is our December 2016 Boulder Market Update 
(12 Month Period ending December 31, 2016).  Of special note was the Median Sales Price (MSP)
in Boulder at that time of $845,000 versus $825,000 (-2.3%) ending March 31, 2017, the Niwot (MSP) 
of $810,000 versus $907,000 (+11.9%), and Longmont (MSP) of $365,000 versus $388,635 (+6.4%).
Concerns or questions, please contact us.

       TOTAL   HOMES        AVERAGE        SALES         MEDIAN     SALES    
                   SOLD                            PRICE                       PRICE    
    01/01/15   01/01/16        01/01/15        01/01/16          01/01/15    01/01/16    
Location   12/31/15   12/31/16      %    12/31/15        12/31/16      %      12/31/15    12/31/16     %
Boulder     1,021       906   -11.3   $916,653    $1,020,726    11.4     $750,000   $845,000   12.7
Erie        455       364   -20.0     450,962         496,784    10.2       411,950     456,250   10.8
Lafayette        323       268   -17.0     511,286         582,692    14.0       452,500     506,417   11.9
Longmont     1,438    1,311     -8.8     376,080         421,244    12.0       323,500     365,000   12.8
Louisville        205       184   -10.2     563,260         633,574    12.5       520,000     594,500   14.3
Lyons        114       112     -1.8     446,613         458,499      2.7       445,000     435,500    -2.1
Mountains        461       404   -12.4     510,991         595,633    16.6       420,000     445,000     6.0
Niwot          83         75     -9.6     753,447         975,481    29.5       660,000     810,000   22.7
Plains        671       629     -6.3     648,411         730,498    12.7       546,500     615,000   12.5
Superior        128       143     11.7     570,581         620,623      8.8       535,000     607,000   13.5
TOTAL     4,899    4,396      
 
Consider connecting with us for your real estate needs. Thank you.
 
Bruce Royer
Equity Colorado Real Estate
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