Boulder, Colorado, officially turns 150 years old this Tuesday, February 10th. If you're in Boulder for the celebration of its sesquicentennial, you'll hear bells ringing (150 times) from Macky Auditorium on the University of Colorado campus to some of Boulder's most historic churches in all corners of the city. It's another milestone for Boulder, which 100 years ago was home to only 9,000 residents.Today Boulder (population 103,000+) shines as a progressive and thriving city that has claimed some remarkable 'firsts' in U.S. history. One 'first' that has helped preserve the communal beauty and quality of life for Boulder residents (and in turn help preserve Boulder real estate values), was when Boulder became the first U.S. city to have a publicly funded open space program. In 1967, Boulder voters made history by approving 4/10 of a cent sales tax specifically to buy and maintain open space. It was the first time citizens in any U.S. city had voted to tax themselves specifically for open space. That was just the beginning of a community-wide commitment to preserving Boulder, which today has 45,000 acres of open space and mountain parks in and around the city.
The high percentage of open space in Boulder means fewer opportunities for developers, and the limited supply and high demand of vacant buildable parcels means the prices are at a premium. Buyers can rest assured, however, that even when you pay a premium, the value of the land is directly tied to a very finite supply and always be. Thus, Boulder land values are likely to hold steady or climb for years to come.
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