Real estate provides a fascinating window into a community. Home prices dictate who can live in a city and who feels welcome, and Boulder prices have climbed steadily upward in recent years, making an already rarefied community even more so.
For example, Boulder’s median home price of $690,000 in June 2017 represents 43.8 percent jump from the city’s median home price of $480,000 just three years prior in June 2014, according to Redfin data. That’s nearly a 50 percent jump!
Compare that to median price increases in Denver and Fort Collins. Denver prices saw a 35.1 percent jump to $395,000 and Fort Collins prices jumped 14.7 percent to $375,000 over the same period. Not to mention that median prices in those cities — the closest large metros to our fair city— were just a fraction of Boulder’s in June 2017: 55.8 percent and 54.3 percent, respectively. Boulder is exclusive and becoming more so.
In this section of BLDRfly, we’ll cover the intersection of city and real estate.