Boulder Housing Market Conditions
As mortgage rates continue to rise and the pool of buyers shrinks, Boulder's housing market is on track to favor buyers. Home prices are expected to remain flat in 2023, but new home builders are offering buyers more bang for their buck.
Due to growing wildfire risks in the area, homeowners have found it increasingly difficult to insure their houses. The good news is that Colorado is finally joining other states that offer government-backed homeowners insurance, which should ease the burden.
While Metro Boulder has one of the lowest unemployment rates in the state, even lower than the National average, layoffs at major corporations are expected this year, which will certainly affect the labor market. As the area trends toward becoming a buyer's market, it signals a good time to purchase new homes for sale in Boulder.
Things to Do in Boulder, CO
With its mountainous backdrop in the foothills of the Rocky Mountains, the Boulder-Longmont area of northern Colorado offers stunning beauty and lots of outdoor fun and adventure. Hiking, camping, and fishing are just a few of the many pastimes in the region at notable local landmarks like Flagstaff Mountain, Eldorado Canyon State Park, and the Flatirons. Winter sports enthusiasts will appreciate great ski slopes, snowboarding, snowmobiling, and cross-country skiing opportunities. From upscale dining, great bars, and loads of shopping, the Boulder-Longmont area is where it's at! Check out Pearl Street Mall, featuring four unique blocks of eclectic shops, boutiques, and restaurants.
Industries in the Boulder Area
Located just 30 minutes north of Denver, the Boulder-Longmont region offers a booming economy and strong job market. Manufacturing and technology are two significant drivers of the regional economy here, along with education.
Most of the new home communities in the Boulder-Longmont region can be found in Longmont.
There’s no better feeling than knowing your kids are in good hands. The excellent schools here provide warm, enriching learning environments and quality educators. Boulder Valley School District, St. Vrain Valley School District and Jefferson County School Districts are the top school districts to choose from for success results.
Use NewHomeSource to explore the entire real estate market in Boulder. Your new dream home is just a click away.
Market Overview: New Homes in Boulder, CO
Here is a quick overview of new housing developments in the Boulder area and the new construction market for new build homes in Boulder:
| Market Name | Boulder |
| State Name | Colorado |
| Subdivisions | 28 |
| Homes Under Construction | 76 |
| Quick Move-in Homes | 79 |
| Floor Plans | 135 |
| Starting Price | $366,900 |
| Average Price | $831,715 |
| Price Per SqFt | $393 |
| New Home Builders | 20 |
| Leading Builders | - Koelbel Mountain Communities
- Richmond American Homes
- Century Communities
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