Boulder, Colorado is a town of around 100,000 people and is famous for the quality of life that it provides to its residents. It provides you with stunning views of the surrounding mountain scenery and is blessed with more than 300 days of sunshine every year. You can choose from a wide range of homes starting with Victorian architecture to the most modern and high-tech houses. It was founded in 1859 as a mining supply town for the Gold Rush because of its location; West Boulder houses are some of the oldest houses in Boulder. Pearl Street was the original Main Street and continues to play that role to this day. Here you will find the historic original buildings which catered to the gold miners as well as the oldest churches in town.
Boulder has a long history of restrictive building practices that aim to preserve the spectacular mountain views and promote open spaces. Much of the land is held in conservation by the city and the county so that land usage is strictly regulated. Building plans and policies followed by the town prevent the unsightly sprawl of urban housing and low-cost homes that blight many of the towns and cities in America. As a result, not just individual landowners but every resident in the community benefits.
The history of pricing data for the last 20 years is available from median price data that has been tracked. For example, midsized houses that sold for around $160,000 in 1991 sold for around $630,000 in 2010. The data reveals that for the decade from 1991 to 2001, prices of midsized homes recorded an appreciation of just under 180% and between 20% and 30% from the year 2002 to the year 2010. The appreciation for the two decades would average at around 257%.in the communities of Longmont, Erie, Arvada, Broomfield and Westminster, appreciation from the year 1991 to the year 2001 was in the range of 115% to 125% while appreciation from 2001 to the year 2010 was in the vicinity of -1% to 3%. For the entire period of 20 years, the ballpark appreciation figure would be between 115% and 125%.
In contrast, communities that are closer to Boulder such as Gunbarrel, Louisville, Lafayette and Superior saw average price increases in the vicinity of 120% to 140% from 1991 to 2001 and 10% to 25% for the two decades that followed. The annual average appreciation for this 20 year period is between 160% and 185%. The local real estate experts are cautiously optimistic about the future but believe that the key to the recovery of real estate prices in Boulder is the overall rebound in the US economy.
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