No. 1. Boulder, Colorado 

Up from third place last quarter, Boulder—a hot spot for outdoor enthusiasts because of its miles of walking, hiking and biking trails, as well as its proximity to the mountains—has now risen to first place. Boulder, only 25 miles north of Colorado’s capital Denver, is “a very unique town,” said Douglas Elliman’s Liza Hogan, who specializes in Aspen, Vail, Denver and Boulder’s luxury markets. “It has that small-town feel, but it’s got the sophistication you don’t find in small towns.”“It checks all the boxes,” she said.

Average luxury prices—that is listings priced at $2.5 million and up—in Boulder rose annually in April, May and June, according to data from Compass. In June, the average sold price for a luxury home ticked up 9.4% from the same time last year to $3.9 million, the brokerage said.

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