Q1 2021
Micro Market Report DENVER METRO
2821 E Cedar Avenue, Unit# 3
670 N Marion Street
Denver Metro MARKET UPDATE
After an eventful year with many challenges, Denver Metro’s real estate market is starting off 2021 on a positive note with plenty of buying and selling activity. Colorado’s capitol city and its surrounding communities have quickly become one of the most popular destinations to purchase homes as a result of shifting consumer preferences. With the need for lifestyle-focused living and access to outdoor spaces still top-of-mind for many buyers, our state is a natural choice to plant roots. According to the Q1 Micro Market Report, produced by LIV Sotheby’s International Realty, which summarizes Denver Metro’s market performance through March of 2021 in comparison to the same time period in 2020, Denver has shown increased real estate activity in many areas. Although inventory levels in the six-county Denver Metro area remain low, decreasing by 11.8% compared to Q1 of 2020, the number of sold listings for all property types rose by 3.4%. Attached housing, such as condominiums, townhomes, and duplexes, outperformed single family homes through March of this year compared to the same time frame last year. There was a 12.1% increase in the number of sold attached residences whereas single family home sales dipped by 0.7%. Average sold prices for both property types rose due to elevated demand for Denver Metro homes. Through Q1 of this year, the average price of an attached residence increased by 10.4%, reaching $403,128, and the average price for a single family home increased by 19.1% reaching $640,647. Overall, the total dollar volume sold in Denver Metro through March of this year was $6,748,398117 – an impressive 19.5% increase from the same time period in 2020. Looking at some prominent Denver Metro neighborhoods, several areas proved to be very popular with buyers and showed increases in the number of listings sold during the first quarter of the year. LoHi, a neighborhood beloved for its restaurant scene and nearness to the city, experienced a remarkable 97.7% rise in home sales, growing from 43 listings sold through March of 2020 to 85 listings sold through the same month this year. While less listings were sold in total, the RiNo district saw tremendous growth in its
market. Here, listings sold rose from 11 homes sold to 24 homes sold – a 118.2% difference. Many other neighborhoods saw home prices climb due to the heightened levels of demand and fewer amount of homes on the market. Sloan’s Lake, a community just west of downtown Denver, experienced a 39.4% increase, bringing the average price for a home to $988,574. In Cherry Creek North average prices also appreciated, rising 34.4% from $1,078,655 in Q1 of 2020 to $1,449,854 through Q1 of 2021. Further illustrating the level of demand and competition for homes in Denver Metro, many neighborhoods saw dips in the time listings spent on the market. For example, the Southglenn community showed a 66.7% decrease in average days on market, from 21 days in Q1 of 2020 to just seven days during Q1 of this year. Downtown Denver’s condominium market also picked up the pace with listings dropping from an average of 71 days on market to 61 days on market through March of 2021. With bountiful opportunities to experience the best of cityliving and the great outdoors, Denver Metro is sure to be a hot home market yet again this year.
DENVER METRO January through March
2020
2021
% Change
New Listings
16,122
14,218
-11.8%
Sold Listings (All Properties)
11,686
12,079
3.4%
Sold Single Family
7,968
7,911
-0.7%
Sold Attached
3,718
4,168
12.1%
36
22
-38.9%
Average Sold Price (Single Family)
$538,059
$640,647
19.1%
Average Sold Price (Attached)
$365,201
$403,128
10.4%
99.3%
101.3%
2.0%
$5,645,073,213
$6,748,398,117
19.5%
Average Days on Market
% Sold Price to Original List Price Total Dollar Volume Sold
Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson Attached Dwellings Include: Condos, Townhomes, and Duplexes
Based on Information from REColorado. This representation is based in whole or in part on data supplied by REColorado. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.
coloradomicroreports.com
DENVER METRO NEIGHBORHOODS
1.
Baker
14. Columbine Valley
27. Hilltop
40. RiNo
2.
Belmar
15. Congress Park
28. Homestead
41. Saddle Rock Golf Club
3.
Berkeley
16. Cory-Merrill
29. Jefferson Park
42. Sloan’s Lake
4.
Bonnie Brae/Belcaro
17. Country Club
30. Ken Caryl North Ranch
43. Southern Hills
5.
Bow Mar/Bow Mar South
18. Crestmoor
31. Ken Caryl Valley
44. Southglenn
6.
Capitol Hill
19. Denver (City)
32. Lakewood
45. Southmoor Park
7.
Central Park
20. Downtown
33. LoHi
46. Sunnyside
8.
Cheesman
21. Golden Triangle
34. Lowry
47. Tallyn’s Reach
9.
Cherry Creek North
22. Greenwood Village East
35. Montclair
48. Uptown
10. Cherry Creek South/East
23. Greenwood Village West
36. Observatory Park
49. Washington Park East
11. Cherry Hills Village
24. Hale Mayfair
37. Park Hill
50. Washington Park West
12. City Park
25. Heritage Greens
38. Platt Park
51. West Highlands
13. City Park South
26. Highlands
39. Polo Reserve
46 3 26
51
40
33
7 12
42
29
37 13
20 48 21
19
8
6
24
35
15 17
27
14
34
1 38
10 2 50 32 18
49 4
16
36
43
45 11 5 44 22
9 24
28
30 39 31
25
47 41
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - MARCH 2021 • COLORADOMICROREPORTS.COM
DENVER CITY
16.2%
The number of properties sold in the city
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price
of Denver increased by 16.2% January
Properties Sold
through March 2021 compared to that of
% Sold Price to List Price
2020
2021
% Change
$521,997
$613,225
17.5%
$372
$419
12.5%
37
30
-18.9%
$4,625,000
$6,075,000
31.4%
3,028
3,520
16.2%
98.07%
100.7%
2.7%
2020.
Boundaries: City of Denver
January through March
BAKER
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$538,256
$535,125
-0.6%
$408
$434
6.5%
21
52
147.6%
$752,500
$750,000
-0.3%
36
22
-38.9%
99.4%
99.8%
0.4%
BELMAR
Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway
13.6%
The average price in the neighborhood
of Belmar increased by 13.6% January through March 2021 compared to that of 2020.
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$403,756
$458,686
13.6%
$303
$319
5.3%
52
43
-17.3%
$520,000
$457,070
-12.1%
9
7
-22.2%
96.7%
98.9%
2.4%
Boundaries: Kentucky to Alameda; Wadsworth to Pierce
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$679,682
$792,741
16.6%
$510
$606
18.8%
42
13
-69.0%
$1,515,000
$1,435,000
-5.3%
42
32
-23.8%
97.1%
105.8%
8.9%
Boundaries: W 38th Ave to I-70; Sheridan to Federal
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$973,562
$1,698,252
74.4%
$559
$627
12.1%
55
36
-34.5%
$1,775,000
$4,895,000
175.8%
13
22
69.2%
94.5%
100.6%
6.5%
The average days on market in the neighborhood
of
Berkeley
decreased
by 69.0% January through March 2021 compared to that of 2020.
BONNIE BRAE/BELCARO
January through March
69.0%
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,863,750
$5,400,000
189.7%
$528
$679
28.4%
44
0
-100.0%
$2,285,000
$5,400,000
136.3%
4
1
-75.0%
96.2%
100.0%
4.0%
Boundaries: West Quincy Avenue to West Bowles Avenue
136.3% The highest price in the neighborhood of Bow Mar/Bow Mar South increased by 136.3% January through March 2021 compared to that of 2020.
BOW MAR/BOW MAR SOUTH
January through March
BERKELEY
January through March
CAPITOL HILL
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$368,565
$374,906
1.7%
$370
$386
4.2%
37
40
8.1%
$1,030,000
$1,655,000
60.7%
86
117
36.0%
97.7%
97.2%
-0.5%
Boundaries: Broadway to Downing; 6 Avenue to Colfax
CHEESMAN PARK
CENTRAL PARK
th
60.6% The average days on market in the neighborhood of Central Park decreased by 60.6% January through March 2021 compared to that of 2020.
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$738,198
$780,248
5.7%
$325
$352
8.2%
33
13
-60.6%
$1,290,000
$1,390,000
7.8%
73
75
2.7%
98.8%
101.6%
2.8%
Boundaries: Quebec to Havana; Montview to 64th
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$447,719
$580,425
29.6%
$384
$413
7.6%
58
77
32.8%
$1,157,375
$4,900,000
323.4%
31
51
64.5%
96.1%
96.6%
0.4%
Boundaries: York to Downing; Colfax to 8th Avenue
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
36.7%
2020
2021
% Change
$914,164
$673,521
-26.3%
$419
$428
2.3%
42
65
54.8%
$3,850,000
$1,400,000
-63.6%
30
41
36.7%
of Cherry Creek East/South increased
97.0%
97.0%
0.1%
by 36.7% January through March 2021.
The number of properties sold in the area
Boundaries: University to Colorado; Alameda to 1 Avenue st
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,078,655
$1,449,854
34.4%
$586
$661
12.8%
71
70
-1.4%
$1,800,000
$3,360,000
86.7%
33
41
24.2%
95.7%
94.6%
-1.2%
CHERRY CREEK NORTH
January through March
Boundaries: York to Colorado; 1st Avenue to 6th Avenue
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
35.4%
2020
2021
% Change
$1,721,750
$2,138,125
24.2%
$483
$655
35.4%
39
73
87.2%
$2,650,000
$3,210,000
21.1%
The average price per square foot in
8
4
-50.0%
Cherry Hills Village increased by 35.4%
93.6%
92.2%
-1.6%
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
January through March 2021 compared to that of 2020.
CHERRY HILLS VILLAGE
January through March
CHERRY CREEK EAST /SOUTH
January through March
CHERRY HILLS VILLAGE CITY PARK
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$3,198,917
$4,803,333
50.2%
$533
$679
27.4%
52
81
55.8%
$6,620,000
$7,850,000
18.6%
12
9
-25.0%
95.8%
93.3%
-2.6%
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
42.8% The highest price in the neighborhood
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price
of City Park increased by 42.8% January
Properties Sold
through March 2021 compared to that of
% Sold Price to List Price
2020.
CITY PARK SOUTH
2020
56.6% The average price in the neighborhood of City Park South increased by 56.6% January through March 2021 compared to that of 2020.
2020
2021
% Change
$617,047
$864,755
40.1%
$390
$474
21.5%
40
45
12.5%
$950,000
$1,356,215
42.8%
16
27
68.8%
100.6%
102.7%
2.0%
Boundaries: Downing to York; 18th to Martin Luther King
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$616,050
$965,000
56.6%
$573
$458
-20.2%
6
76
1,166.7%
$700,000
$1,050,000
50.0%
5
2
-60.0%
100.0%
97.4%
-2.6%
Boundaries: York to Colorado; Colfax to 17th
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,403,984
$1,703,000
21.3%
$462
$426
-7.8%
117
89
-23.9%
23.9%
$2,265,000
$3,500,000
54.5%
The average days on market in the
6
5
-16.7%
neighborhood
97.6%
94.4%
-3.3%
of
Columbine
Valley
decreased by 23.9% January through March 2021 compared to that of 2020.
Boundaries: South Polo Ridge Drive to West Bowles; Platte Canyon Road to South Platte River
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$680,033
$559,749
-17.7%
$459
$470
2.3%
32
26
-18.8%
$1,500,000
$1,235,000
-17.7%
34
37
8.8%
the neighborhood of Congress Park
97.5%
99.8%
2.4%
increased by 8.8% January through
Boundaries: York to Colorado; 6th Avenue to Colfax
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$820,537
$1,170,532
42.7%
$481
$545
13.4%
73
26
-64.4%
$1,730,000
$1,920,000
11.0%
20
27
35.0%
94.5%
102.0%
7.9%
Boundaries: South University Blvd to South Colorado Blvd; 1-25 to East Mississippi Ave
The number of properties sold in
March 2021 compared to that of 2020.
CORY-MERRILL
January through March
8.8%
2020
CONGRESS PARK
January through March
COLUMBINE VALLEY
January through March
COUNTRY CLUB
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold
2020
2021
% Change
$3,095,000
$3,601,017
16.3%
$545
$789
44.9%
37
73
97.3%
$4,625,000
$6,075,000
31.4%
4
8
100.0%
100.1%
13.9%
87.9%
% Sold Price to List Price
Boundaries: University to Downing 1 - 4 ; Race to University 4th - 6th
DOWNTOWN
CRESTMOOR PARK
st
4.8%
January through March Average Price Average Price per Square Foot Average Days on Market
The average price per square foot in
Highest Price
the neighborhood of Crestmoor Park
Properties Sold
increased by 4.8% January through March 2021 compared to that of 2020.
% Sold Price to List Price
th
2020
2021
% Change
$1,592,833
$1,299,667
-18.4%
$538
$564
4.8%
9
15
66.7%
$2,400,000
$1,450,000
-39.6%
6
3
-50.0%
99.7%
98.9%
-0.8%
Boundaries: Holly to Monaco; Bayaud to 6th Avenue
23.3% The average days on market in the neighborhood of Belmar decreased by 23.3% January through December 2020 compared to that of 2019.
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$651,932
$727,257
11.6%
$523
$548
4.8%
71
63
-11.3%
$2,800,000
$5,147,600
83.8%
128
160
25.0%
96.0%
97.2%
1.2%
(Attached Dwellings) Boundaries: Downtown Denver MLS Area
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$541,208
$574,412
6.1%
$391
$394
0.9%
46
65
41.3%
$1,117,678
$1,175,000
5.1%
10
17
70.0%
10.2%
98.2%
95.5%
-2.8%
Denver increased by 7.8% January through
Boundaries: North Speer Blvd to Broadway; Colfax to 7th
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$1,220,611
$1,638,722
34.3%
$335
$429
28.2%
78
45
-42.3%
$1,700,000
$2,230,000
31.2%
9
9
0.0%
of Greenwood Village East increased
92.9%
96.8%
4.2%
by 31.2% January through March 2021
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
The highest price in the neighborhood
compared to that of 2020.
13.3%
2020
2021
% Change
$1,398,714
$2,326,618
66.3%
$421
$533
26.8%
13
34
161.5%
$2,142,000
$3,445,000
60.8%
7
11
57.1%
The average days on market in the
96.1%
99.1%
3.1%
neighborhood of Belmar decreased by
(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
23.3% January through December 2020 compared to that of 2019.
GREENWOOD VILLAGE WEST
Average Price
31.2%
2020
Boundaries: I-25 to Havana; Belleview to Orchard
January through March
December 2020 compared to that of 2019.
GREENWOOD VILLAGE EAST
January through March
The number of properties sold in the City of
GOLDEN TRIANGLE
January through March
GREENWOOD VILLAGE WEST
HALE MAYFAIR HERITAGE GREENS
7.8% The number of properties sold in the City of Denver increased by 7.8% January through
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
December 2020 compared to that of 2019.
73.9% The average days on market in the
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold
by 73.9% January through March 2021
% Sold Price to List Price
compared to that of 2020.
The highest price in the neighborhood
% Change
$1,500,000
$1,774,500
18.3%
$489
$399
-18.5%
3
29
866.7%
$1,500,000
$1,850,000
23.3%
1
2
100.0%
100.0%
90.2%
-9.8%
2020
2021
% Change
$705,763
$846,658
20.0%
$494
$567
14.7%
23
6
-73.9%
$1,200,000
$1,395,000
16.3%
21
22
4.8%
100.4%
104.0%
3.6%
Boundaries: Colorado to Holly; 6th to Colfax
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price
of Heritage Greens increased by 90.1%
Properties Sold
January through March 2021 compared
% Sold Price to List Price
to that of 2020.
2021
(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
neighborhood of Hale Mayfair decreased
90.1%
2020
2020
2021
% Change
$701,500
$995,625
41.9%
$223
$339
52.1%
28
7
-75.0%
$768,000
$1,460,000
90.1%
2
8
300.0%
96.6%
101.6%
5.2%
Boundaries: Dry Creek to County Line; Colorado Blvd to Holly
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$675,970
$754,301
11.6%
$486
$492
1.3%
40
26
-35.0%
62.3%
$1,695,000
$2,020,000
19.2%
The number of properties sold in the
61
99
62.3%
Highlands increased by 62.3% January
97.7%
99.9%
2.3%
through March 2021 compared to that of
HIGHLANDS
January through March
2020.
Boundaries: W 38th Avenue to Speer Blvd; S Platte River to Federal Blvd
January through March
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$1,595,202
$1,573,666
-1.4%
$519
$499
-3.9%
74
45
-39.2%
$2,650,000
$3,634,474
37.1%
15
24
60.0%
92.9%
96.0%
3.3%
HILLTOP
Average Price
2020
Boundaries: Alameda to 6th; Colorado to Holly
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$553,806
$657,443
18.7%
$311
$360
15.7%
37
5
-86.5%
86.5%
$984,900
$1,000,000
1.5%
The average days on market in the
20
21
5.0%
100.2%
103.6%
3.4%
Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
neighborhood of Homestead decreased by 86.5% January through March 2021 compared to that of 2020.
HOMESTEAD
January through March
JEFFERSON PARK KEN-CARYL NORTH RANCH KEN-CARYL VALLEY
7.8% The number of properties sold in the City of Denver increased by 7.8% January through December 2020 compared to that of 2019.
11.7% The average price per square foot in Ken-
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
$534,107
$590,018
10.5%
$419
$454
8.4%
57
45
-21.1%
$710,000
$1,100,000
54.9%
32
45
40.6%
99.5%
2.2%
97.3%
Boundaries: Federal Blvd to S Platte River; South of 29 Ave & Speer Blvd, North of Mile High Stadium
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold
January through March 2021 compared
% Sold Price to List Price
2020
2021
% Change
$1,047,620
$1,335,000
27.4%
$288
$321
11.7%
29
18
-37.9%
$1,176,500
$1,420,000
20.7%
4
2
-50.0%
97.6%
97.5%
-0.1%
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
87.2% The average days on market in the neighborhood
2021
th
Caryl North Ranch increased by 11.7% to that of 2020.
2020
of
Ken-Caryl
Valley
decreased by 87.2% January through March 2021 compared to that of 2020.
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$864,321
$786,083
-9.1%
$325
$322
-0.7%
39
5
-87.2%
$1,210,000
$1,250,000
3.3%
14
12
-14.3%
98.1%
100.4%
2.3%
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Carly Ave
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
17.0%
2020
2021
% Change
$501,721
$586,998
17.0%
$323
$371
15.1%
32
16
-50.0%
$1,200,000
$1,525,000
27.1%
The average price in Lakewood increased
280
307
9.6%
by 17.0% January through March 2021
98.1%
103.3%
5.3%
compared to that of 2020.
LAKEWOOD
January through March
Boundaries: City of Lakewood
January through March Average Price
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
97.7%
2021
% Change
$705,436
$756,494
7.2%
$483
$491
1.8%
42
27
-35.7%
$1,230,000
$2,020,000
64.2%
The number of properties sold in LoHi
43
85
97.7%
increased by 97.7% January through
97.6%
100.1%
2.6%
LOHI
Average Price per Square Foot
2020
March 2021 compared to that of 2020.
Boundaries: W 38th Avenue to I-25; Speer Blvd to Zuni Street
January through March Average Price
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
13.3%
2021
% Change
$728,167
$923,333
26.8%
$357
$369
3.6%
11
26
136.4%
$900,000
$1,310,000
45.6%
6
12
100.0%
The average days on market in the
98.8%
99.8%
1.0%
neighborhood of Belmar decreased by
Boundaries: Quebec to Unita; Alameda to 11th
23.3% January through December 2020 compared to that of 2019.
LOWRY
Average Price per Square Foot
2020
MONTCLAIR
32.2%
January through March Average Price Average Price per Square Foot Average Days on Market
The highest price in the neighborhood of
Highest Price
Montclair increased by 32.2% January
Properties Sold
through March 2021 compared to that of 2020.
% Sold Price to List Price
2020
2021
% Change
$633,662
$850,889
34.3%
$460
$524
13.9%
32
22
-31.3%
$1,140,000
$1,507,000
32.2%
21
29
38.1%
99.0%
101.8%
2.8%
Boundaries: Holly to Quebec; 6 to Colfax
PARK HILL
OBSERVATORY PARK
th
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,421,782
$1,776,760
25.0%
$506
$520
2.9%
50
56
12.0%
$2,870,000
$3,307,500
15.2%
17
23
35.3%
97.5%
96.4%
-1.1%
Boundaries: University to Colorado; Evans to Yale
18.2%
January through March Average Price Average Price per Square Foot Average Days on Market
The average price per square foot in Park
Highest Price
Hill increased by 18.2% January through
Properties Sold
March 2021 compared to that of 2020.
% Sold Price to List Price
2020
2021
% Change
$770,171
$885,679
15.0%
$465
$549
18.2%
35
14
-60.0%
$1,419,000
$1,750,000
23.3%
34
48
41.2%
99.6%
103.7%
4.1%
Boundaries: Colfax to 26th; Colorado to Quebec
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$746,835
$1,056,596
41.5%
$570
$639
12.0%
36
16
-55.6%
$1,520,000
$1,965,000
29.3%
20
13
-35.0%
99.0%
101.6%
2.6%
Boundaries: Broadway to Downing; Louisiana to Evans
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,400,000
$3,341,667
138.7%
$309
$388
25.6%
181
93
-48.6%
$1,400,000
$3,900,000
178.6%
1
3
200.0%
93.4%
89.6%
-4.0%
Boundaries: North of Mineral; South of Arabian Place; West of the S Platte River; East of S. Platte Canyon Road
January through March Average Price
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Denver increased by 7.8% January through December 2020 compared to that of 2019.
48.6% The average days on market in the neighborhood of Polo Reserve decreased by 48.6% January through March 2021 compared to that of 2020.
118.2%
2020
2021
% Change
$563,573
$519,734
-7.8%
$418
$426
1.9%
44
46
4.5%
$850,000
$985,000
15.9%
11
24
118.2%
increased by 118.2% January through
98.8%
134.9%
36.6%
March 2021 compared to that of 2020.
Boundaries: I-25 to York St; South of I-70; North of Park Ave; East of Lawrence St to 40th Avenue
The number of properties sold in RiNo
RINO
Average Price per Square Foot
The number of properties sold in the City of
POLO RESERVE
January through March
10.2%
PLATT PARK
January through March
SLOAN’S LAKE
7.8% The number of properties sold in the City of Denver increased by 7.8% January through
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
SOUTHGLENN
SOUTHERN HILLS
December 2020 compared to that of 2019.
83.1% The highest price in the neighborhood
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold
January through March 2021 compared
% Sold Price to List Price
to that of 2020.
The average days on market in the neighborhood of Southglenn decreased by 66.7% January through March 2021 compared to that of 2020.
2021
% Change
$708,923
$988,574
39.4%
$509
$625
22.8%
16
33
106.3%
$1,483,000
$2,150,000
45.0%
20
27
35.0%
98.8%
99.9%
1.1%
Boundaries:Colfax to 29th; Sheridan to Federal
of Southern Hills increased by 83.1%
66.7%
2020
2020
2021
% Change
$701,040
$1,071,224
52.8%
$454
$552
21.6%
12
5
-58.3%
$1,125,000
$2,060,000
83.1%
10
17
70.0%
100.2%
103.6%
3.4%
Boundaries: University to Colorado; Yale to Hampden
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$497,743
$594,450
19.4%
$277
$301
8.9%
21
7
-66.7%
$555,500
$721,000
29.8%
14
10
-28.6%
100.4%
104.3%
3.9%
Boundaries:Colorado to University; Arapahoe to Dry Creek
2021
% Change
$525,512
$606,140
15.3%
$244
$274
12.0%
49
51
4.1%
15.3%
$735,000
$945,000
28.6%
The average price in the neighborhood
18
10
-44.4%
% Sold Price to List Price
96.6%
95.4%
-1.2%
January through March
2020
2021
% Change
$615,771
$673,179
9.3%
$465
$528
13.6%
22
13
-40.9%
$927,500
$1,330,000
43.4%
62
58
-6.5%
98.8%
102.3%
3.5%
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
January through March 2021 compared to that of 2020.
SUNNYSIDE
Average Price
of Southmoor Park increased by 15.3%
SOUTHMOOR PARK
2020
January through March
Boundaries: Federal Blvd to Inca St; W 38th Ave to I-70
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
75.0%
2020
2021
% Change
$612,659
$661,882
8.0%
$227
$256
12.5%
52
13
-75.0%
$925,000
$910,000
-1.6%
29
28
-3.4%
Reach decreased by 75.0% January
97.5%
102.9%
5.5%
through March 2021 compared to that of
Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470
The average days on market in Tallyn’s
2020.
TALLYN’S REACH
January through March
UPTOWN
175.6% The highest price in Uptown increased
January through December Average Price Average Price per Square Foot Average Days on Market Highest Price
by 175.6% January through March 2021
Properties Sold
compared to that of 2020.
% Sold Price to List Price
2019
2020
% Change
$529,641
$566,598
7.0%
$399
$420
5.1%
58
50
-13.8%
$1,125,000
$3,100,000
175.6%
29
60
106.9%
96.3%
98.0%
1.8%
WASHINGTON PARK WEST
WASHINGTON PARK EAST
Boundaries:North of Colfax, East of Broadway, South of 20th, 20th & Park to 19th; West of Josephine
65.2%
January through December Average Price Average Price per Square Foot Average Days on Market
The number of properties sold in
Highest Price
Washington Park East increased by
Properties Sold
65.2% January through March 2021 compared to that of 2020.
23.3% The average days on market in the neighborhood of Belmar decreased by 23.3% January through December 2020 compared to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$1,256,080
$1,507,224
20.0%
$612
$693
13.2%
42
45
7.1%
$3,150,000
$4,375,000
38.9%
23
38
65.2%
95.0%
97.6%
2.7%
Boundaries: Louisiana to Ellsworth, Downing to University
January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$820,481
$883,998
7.7%
$495
$546
10.4%
49
19
-61.2%
$1,447,000
$1,650,000
14.0%
26
45
73.1%
95.7%
102.0%
6.5%
Boundaries:Louisiana to Ellsworth; Broadway to Downing
Average Price Average Price per Square Foot
2019
2020
% Change
$660,159
$777,532
17.8%
$563
$560
-0.6%
21
17
-19.0%
17.8%
$1,300,000
$1,700,000
30.8%
The average price in the area of West
44
48
9.1%
Highlands increased by 17.8% January
98.8%
102.7%
4.0%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
through March 2021 compared to that of 2020.
Boundaries: 38th Avenue; Federal to Sheridan
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January through December
MICROMARKET REPORT | Denver Metro JANUARY - MARCH 2021 • COLORADOMICROREPORTS.COM