The Next Boulder?
The hottest question we get in Northern Colorado is this “do you think Fort Collins is the next Boulder?”
Let’s look closely at that question and start with what is similar. They are both beautiful college towns nestled against the foothills. They both have affordability issues which push real estate buyers to satellite communities (what is happening in Wellington is not unlike what happened in Louisville).
Yet there are differences at a fundamental level that will forever keep these two places very different from each other. For example, the average Household Income in Boulder is 60% higher than Fort Collins. Here is another big deal: Boulder is only half the size of Fort Collins (25 square miles versus 57 square miles). And get this, the City of Boulder owns 71 square miles of open space in and around the City.
Essentially Boulder is a small island surrounded by an ocean of open space inhabited by very high income-earners. That is why the average price of a single family home in Boulder is now over $1 million.
We put together a short video which shows you more detail about this hot question. You can watch it here:
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February 28, 2017