The start of 2025 has brought a pretty significant shift in Boulder's luxury real estate market.
LUXURY $2M-$5M: A Surge in Activity
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The City of Boulder saw 56 new listings last month, which is double our 5-year January average of 27 new listings. There were an additional 9 new listings at this price point outside the city of Boulder, but within Boulder County.
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At the end of January, there were 84 homes for sale in Boulder within this price range, accounting for 23.4% of all City inventory. There are another 41 homes available outside of the City, within Boulder County.
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We are seeing an average of $748 per square foot for listings in the City within this price range.
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While days on market have averaged 103 over the past year, we saw two listings in January in the $3.5M-$3.8M price range go under contract within one day. This movement highlights how hyper-local the market is and how these metrics can vary significantly based on location, price point, bed/bath count, and more.
ULTRA-LUXURY $5M+: Growing Momentum
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The City of Boulder saw 11 new listings last month in this price range, more than double our 5-year January average of 5 new listings. There were an additional 2 new listings at this price point outside the city of Boulder, but within Boulder County.
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At the end of January, there were 29 ultra-luxury homes for sale in Boulder, accounting for 8.1% of all City inventory. There are another 9 homes available outside of the City, but within the County.
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We are seeing an average of $1,198 per square foot for listings in Boulder within this ultra-luxury price range.
WHAT THIS MEANS FOR BOULDER'S LUXURY MARKET:
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The surge in new listings across both the luxury and ultra-luxury price points signals increasing seller confidence as we move into the spring market. With inventory levels rising, buyers have more options than in recent years, but well-priced and desirable homes continue to contract.
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Pricing strategy and market positioning remain critical, especially as price-per-square-foot values vary significantly between luxury and ultra-luxury segments.
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While the City of Boulder remains the focus of luxury activity, the increasing inventory across Boulder County presents additional opportunities for buyers at these price points.
Are you thinking of buying or selling? Reach out to us to determine the best strategy and timing for your goals.
