The report extends past Boulder County and into Weld and Larimer counties, covering Boulder, Longmont, Lafayette, Louisville, Superior, Erie, Loveland, Berthoud, Firestone, Frederick, Mead and Dacono.
Not one of the 12 towns has an average home price under $250,000, the study’s threshold for entry-level affordability. Dacono is the closest, with a $265,363 average cost.
“Our conclusion from the information presented here is that there are no entry level housing options,” reads the report. “The lines we drew in the sand as reasonably priced in both categories will soon be obsolete.”
Nationally, the median purchase price for first-time buyers was $170,000 in 2016, according to the National Association of Realtors. (The figure does not distinguish between attached and detached dwellings.)
Low inventory has been a huge challenge for Boulder County and much of the Front Range, particularly at lower price points.
Only 99 single-family homes sold for less than $250,000 in Boulder County last year, and just 22 attached units went for under $150,000.
Currently, there is one house and two attached dwellings for sale under those prices, all in Boulder.
“The $150,000-or-below condo or townhome is becoming extinct,” concludes the report.
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