January 2016 Market Update for Baseline Pulse

January 20, 2016
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Sara Oclassen Front Q4

2015 was a big year for real estate appreciation in Boulder County, the City of Boulder and in the Baseline neighborhoods.

Here’s a snapshot of the Baseline sales over the past five years based on sales reported in the MLS:

Baseline – North Side

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Baseline – South Side

 

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Will we see this same jump in 2016? Inventory remains low and demand remains high. There are many buyers seeking a home in Boulder for under $600,000 so we could very well see a similar increase in the north side of Baseline. I don’t know that we’ll see such a significant increase in the south side, but I anticipate it will be between 5-10%.

In 2014, the total sales in the Baseline neighborhoods was 33 (19 in the north, 14 in the south). In 2015, the total number increased by 3 to 36 sales (15 in the north, 21 in the south).

Here’s how those numbers work out in dollars:

2014 Total $17,822,822
2014 North side $8,375,928
2014 South side $9,446,894

2015 Total $23,677,600
2015 North side $7,475,700
2015 South side $16,201,900

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*Not all properties were listed and/or sold by 8z Real Estate. This data is based on content supplied by REcolorado, IRES, PPAR, and/or MLSListings. Content is deemed reliable but not guaranteed. Content may not reflect all real estate activity in the market.