[Courtesy of the Daily Camera]

City’s average is $1.2M, up 21 percent from one year ago; largely driven by $2M+ sales

A spate of sales of $2 million-plus homes in Boulder has pushed the average price of a single-family house to $1.2 million. Despite the eye-popping number, real estate agents say it is Boulder’s relative global affordability that is attracting out-of-town buyers.

Re/Max of Boulder co-owner Jay Kalinski originally reported on the increase in a column for BizWest. In it, he noted that the figure represented a staggering 21 percent year-over-year for the first quarter of 2018.

While that’s certainly true, said DB Wilson, also of Re/Max of Boulder, it indicates high demand on the high end, not a new normal for Boulder. Median price, the preferred measure to gauge an area’s cost, is a (still astonishing) $900,000, up only 3.8 percent over early 2017…

Read the full article here