Boulder Real Estate Values
"...when the coastal market slows, the Boulder County market tends to see a surge in activity..."
Boulder's controlled growth has historically been a strong insulator for the local market. It is a prime example of Adam Smith's Supply-Side economics at work. The Boulder market has remained strong by limiting growth, while some of the outlying areas such as Erie and Weld County have seen their markets stay flat or decline in some areas. As we see other areas such as Superior, Louisville, and Lafayette bump up against their building moratoriums, these markets should be seeing an increase in property values as well. Some areas continue to subscribe to the more is better philosophy; Weld County and Longmont are two example of this approach and will probably continue to see below-market appreciation rates for several years.
The second component of Supply-Side economics is demand. Over the last several years the Boulder County market has been slower than the Housing market nationwide. Much of this can be attributed to the downsizing of large corporations such as Sun and Level Three. This trend has changed over the last year - we have seen a full percentage drop in unemployment down to the 4.5 range and have had local economists such as Tupper Hart Adams predicting a surge in job growth ahead. This bodes well for the local economy!
In fact, if the past is any indicator of the future, then when the coastal market slows, the Boulder County market tends to see a surge in activity...which makes perfect sense, because as those markets become more expensive to operate a business in, businesses begin to look for areas that they can relocate to, but still offer their employees a strong quality of life. With over 300 days of sun a year, Denver International Airport, great recreational opportunities, and a mild climate Boulder usually comes to the top of the list. Boulder Real Estate"