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Boulder Real Estate Market Stats: November 2021

Boulder Real Estate Market Stats Sept 2021 | PorchLight Real Estate Group, Boulder

The Boulder Real Estate Market in November 2021

In November, just 68 single-family listings sold in the city of Boulder. Is that due to seasonal slowing or because just 47 new listings came on the market, adding to only 92 homes left in inventory from the month prior?

Looking at month-to-month data, seasonal slowing might be a contender. Days on market increased from 44 in October to 50 in November while the percent of list price was 100.5% which is a slight decrease but still strong.

However, when you compare November's numbers to the same time last year, days on market decreased by 19.4% and percent of list price received increased by 2.9%. In addition, end-of-month inventory is down 56.8% year-over-year. And there are just 0.7 months of inventory right now, down from 1.7 last year—a balanced market takes a 6-month supply. 

So, calling it seasonal slowing might be inaccurate. And until this imbalance starts to swing in the completely opposite direction, sellers will continue to reap the benefits of home appreciation. If you've been thinking about selling your home but are waiting for the "busy season" there's no time like the present to cash in.

Boulder Real Estate Market Stats November 2021 | PorchLight Real Estate GroupSpeaking of prices, the city of Boulder experienced price dips for two months before seeing an increase in October and again in November. The average sales price last month was $1,694,535 an increase of over $45k month-over-month and a 38.3% hike compared to November of 2020.

However, the average sale price for townhouses and condos decreased from $668,923 in October to $631,693 in November. That's still up 24.3% year-over-year, but if you want to live the Boulder lifestyle, this might be a more accessible path.

Looking at all of Boulder County in November, the picture is similar in nearly every way. Compared to October, there were fewer new listings and sales. Days on market increased while percent of list price was steady at 101.6%.

And compared to last year, both end-of-month inventory and months supply are down by 60.4% and 61.5% respectively. Significant decreases just like the city of Boulder. 

The one exception in Boulder County is that prices actually decreased month-over-month.

While the numbers haven't dipped back under the million-dollar mark, the average single-family sales price landed at $1,013,364 for November compared to $1,020,934 in October. A small decrease but a decrease nonetheless. Still, that's up by 28.6% compared to the same time last year. 

No matter what happens next, the best strategy is to work with an experienced real estate agent who will help you make smart buying or selling decisions. At PorchLight, agents have the connections (including around 200 colleagues in-house) it takes to find a home that fits your needs or a buyer who is ready to get closed. 

The right agent can also ensure maximum return on investment if you're a seller. Even if things cool down, great staging and photography, plus smart marketing and maximizing every resource to present your home to buyers locally and even globally is key. And that's where we really shine. 

To view our full report on Boulder real estate market stats for November, click here

Identifying Different Types of Home Architecture

Whether you're out touring homes with your PorchLight agent or browsing listings online, you'll come across a number of architectural styles that are common in the Boulder area and across the Front Range. Here's a quick look at the distinguishing features that define these different types of homes. 

Victorian – Built from 1810-1910, the most popular being a Queen Anne, this style features:

  • Steep, gabled roof
  • Elaborate wood trim
  • Bright paint colors
  • Asymmetrical shape
  • Towers and turrets
  • Two or three stories

Tudor – Built from 1925-1945, with Medieval and Renaissance influences, Tudors include:

  • Steeply pitched roof
  • Half-timbered (wood/stucco)
  • Tall, multi-pane windows
  • Ornate chimneys
  • Substantial wood front doors
  • Cantilevered second story

Foursquare – Built from the 1890s to 1930s and also known as a Denver Square, this style offers:

  • Square and brick-built
  • Sloped, four-sided roof
  • Large windows
  • Center dormer with window
  • Wide front porch
  • Distinct interior spaces

Ranch – Popular in the 1950s and 60s, the single-story ranch is often characterized by:

  • Low-pitched roof
  • Deep, overhanging eaves
  • Large picture windows
  • Backyard with patio or deck
  • Simple, open floorplan
  • Attached garage or carport

Bungalow – Primarily built from 1915 to the 1930s this style has many distinct features:

  • Low-pitched roof
  • Dormered windows
  • Covered front porch
  • Square porch columns
  • Built-in cabinetry
  • Exposed beamed ceilings

Modern – This broad-ranging architectural style continues to evolve but typically includes:

  • Simple, clean, straight lines
  • Industrial/sustainable materials
  • Lack of ornamental detail
  • Large windows and skylights
  • Open, flowing interior
  • Energy-efficient features

Craftsman – This popular style of home dates back to the late 19th century and features:

  • Low-pitched gable roof
  • Natural materials and colors
  • Robust, tapered columns
  • Wide and covered front porch
  • One or two stories, open floorplan
  • Exposed beams and rafter tails

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