In 2015 listings sold quickly at an average of 66 days on the market (DOM) and close to the list price, on average.
Year Over Year
Comparison of Homes Sold on the Hill
2014
|
2015
|
% Chg.
|
% Chg.
|
|
# sold
|
22
|
18
|
-18%
|
-18%
|
Avg $/sf
|
$327
|
$372
|
14%
|
14%
|
Avg sale
|
$808,142
|
$925,000
|
14%
|
14%
|
Discount
|
-2.46%
|
0.00%
|
-100%
|
-100%
|
Avg DOM
|
68
|
66
|
-3%
|
-3%
|
Heading into 2016, there’s a glimmer of hope for would-be homebuyers in our
neighborhood with more inventory than usual coming on the market in January. In
early February, there were already 5 listings on the market of which 3 were
under contract. And the “coming soon” signs are popping up like daisies.
If the trend from last year continues, I predict the average
home price on the Hill will climb over $1 million in 2016.
However, the home market on the Hill is really a tale of two
markets. There are homes that appeal to investors because they are easy to rent
to students and are priced for profitability. And there are homes that appeal
to owner-occupants with a higher quality of finishes. Most of the appreciation
we see this year will be in the latter category as homebuyers continue to pay a
higher premium for quality and location.
After years of steep rent increases in Boulder, there are
signs of stabilization as new rental apartments come on-line. This will mean
that prices of homes that appeal primarily to investors will not increase much
this year.
Please feel free to contact me any time with questions about
real estate on the Hill or anywhere in greater Boulder area. As home prices
rise in Boulder, I have helped a number of homebuyers and investors purchase
outside of town.
2015 Home Sales in University
Hill, Boulder
Sold
|
Sales Price
|
Address
|
DOM
|
Sq Ft
|
Bdrm
|
Bath
|
4/30/15
|
$550,000
|
855 Lincoln
|
30
|
1056
|
2
|
1
|
3/31/15
|
$560,000
|
965 10th
|
35
|
1406
|
4
|
2
|
12/16/15
|
$599,000
|
1420 Euclid
|
48
|
1756
|
3
|
2
|
7/29/15
|
$645,000
|
865 15th
|
69
|
1704
|
2
|
3
|
8/14/15
|
$669,500
|
905 Euclid
|
71
|
1398
|
3
|
2
|
7/10/15
|
$700,000
|
980 9th
|
36
|
1644
|
3
|
2
|
8/31/15
|
$716,000
|
929 15th
|
157
|
1936
|
3
|
2
|
5/1/15
|
$780,000
|
876 15th
|
92
|
2723
|
4
|
2
|
7/27/15
|
$819,000
|
865 13th
|
171
|
2201
|
4
|
2
|
5/29/15
|
$850,000
|
800 12th
|
59
|
2730
|
4
|
3
|
12/18/15
|
$855,000
|
1075 10th
|
51
|
2408
|
5
|
2
|
5/11/15
|
$903,000
|
740 13th
|
33
|
1960
|
3
|
3
|
10/16/15
|
$1,035,000
|
920 10th
|
1
|
3005
|
5
|
4
|
3/6/15
|
$1,113,500
|
764 14th
|
78
|
2879
|
5
|
2
|
4/30/15
|
$1,180,000
|
805 16th
|
56
|
3426
|
5
|
3
|
8/20/15
|
$1,250,000
|
1006 10th
|
71
|
4084
|
4
|
4
|
8/13/15
|
$1,525,000
|
727 13th
|
122
|
6025
|
4
|
4
|
6/23/15
|
$1,900,000
|
935 10th
|
12
|
5287
|
5
|
5
|
About the author: Monique Cole is a real estate broker with Pedal to Properties. She has lived in the University Hill neighborhood for over 10 years and has 14 years of real estate experience. Her specialties include marketing high-end homes and investment properties.
