Boulder County Real Estate Market
The Boulder County real estate market is one of the most unique in the Front Range, and dare I say the United States. That is
because people flock here from near and far creating high demand for the land that is available, and it is scarce. Using the interactive Map below it is interesting to look compare the images of Boulder County and how it compares to the Metro Denver area. If you zoom in and out of the cities moving south you will notice how much of Boulder County remains green. That is because our community has consistently voted to use tax dollars purchase land around our county and dedicate it to Open Space. Currently, Boulder owns over 60,000 acres and has conservation easements totaling over 40,000 acres. That is more than 100,000 acres of natural environment for our community to enjoy. Here is a detailed map from the County of Boulder detailing the dedicated open space. This forward thinking movement has limited the amount of developable space creating the unique real estate environment where we live.
Luxury Real Estate
Because land is limited throughout our county it creates both scarcity and also desirability. People look to our community and see it as very attractive because of the natural environment. The trail system, outdoor lifestyle and incredible community it supports attracts people to Boulder from all over the world. However, with the scarcity of land for new development this causes a situation where demand exceeds supply driving the prices of our real estate to levels comparable to Los Angeles, New York, San Francisco, etc. Because the price of land is valuable, the homes and buildings also reflect the same high-end luxury real estate. Local builders are often semi-custom meeting the elegant tastes of the consumers they hope to attract. Finishes within the homes are often modern with ease of living in mind. There is also a strong demand for ‘green’ features. This means our consumers want their homes to meet the highest standards for efficiency with the lowest carbon emissions in order to help preserve the natural environment that we love so much in Boulder County.
The community within the City of Boulder goes beyond individual efforts for preserving the environment and actually bans together to enact laws that require green stewardship. Previously mentioned is the Open Space dedicated by tax dollars for preserving the meadows and trails around our county. There is also a Climate Action Plan (CAP) for greening the city. Boulder’s City Council is currently in talks to require local businesses to enact a recycling program. Building codes for residential real estate and also commercial projects require Green Points be met before construction can commence. All of these influence the buying decisions of our sophisticated individuals who are willing to pay a premium for green efficiency. Green living doesn’t just stop in the city of Boulder. It extends throughout our county to the many communities being constructed around our county. Everyone wants a home that has green features and a low HERS Index. Outlying cities such as Lafayette, Louisville and Longmont still strive for the highest in efficiencies and low carbon emissions. It’s a way of life for real estate throughout Boulder County.
Contact TrailRidge Realty