Denver Metro Mid Year 2020 Micro Market Report

MICROMARKET REPORT

DENVER METRO | MID-YEAR 2020

DENVER METRO NEIGHBORHOODS 1.

Ken Caryl Valley

30. Cory-Merrill

2. Ken Caryl North Ranch

31. Cherry Creek South/East

3. Lakewood

32. Cherry Creek North

4. Belmar

33. Congress Park

5. Bow Mar/Bow Mar South

34. City Park South

6. Sloan’s Lake

35. City Park

7. Berkeley

36. Park Hill

8. Polo Reserve

37. Hale Mayfair

9. Columbine Valley

38. Hilltop

10. LoHi

39. Greenwood Village East

11. Highlands

40. Homestead

12. Baker

41. Heritage Greens

13. Golden Triangle

42. Crestmoor

14. Downtown

43. Montclair

15. Uptown

44. Lowry

16. Denver (City)

45. Stapleton

17. Washington Park West

46. Lone Tree

18. Platt Park

47. Castle Pines North

19. Capitol Hill

48. The Village at Castle Pines

20. Cheesman

49. The Meadows

21. Country Club

50. Keene Ranch

22. Washington Park East

51. Bell Mountain Ranch

23. Bonnie Brae/Belcaro

52. Pradera & Timbers

24. Highlands Ranch

53. Tallyn’s Reach

25. Southglenn

54. Saddle Rock Golf Club

26. Greenwood Village West

55. Jefferson Park

27. Cherry Hills Village

56. Sunnyside

28. Southern Hills

57. RiNo

29. Observatory Park

58. Southmoor Park

56

7

11 10

6

55

4 3

57 35 14 15 34 19 13 20 33 16 21 32 12 31 17 22 23 30

45

36

37 43 38

42

44

18 29 28 27

58

5 26

39

9 25 2

8

54

40

53

41

1

24

46

47 48 52

49

50

51

Pictured on cover: 2611 E 7th Avenue Parkway Denver

coloradomicroreports.com

DENVER METRO MARKET UPDATE The spring is typically one of the busiest seasons for buying and selling homes within the Denver Metro marketplace.

However, this year’s spring market was interrupted by COVID-19, resulting in a sharp, but brief decline in real estate activity. While the restrictions placed on real estate in the spring made an impact on the market, buyers and sellers are making up for lost time by diving head-first back into the housing market.

For the month of June, pending sales have increased by 7.2% overall and 18.8% from June 2019, according to the Metro Denver Market Report compiled by Megan Aller of First American Title. What’s more, closed sales are up month-over-month by 78.4%, showing that Denver Metro’s market is recovering from the pandemic and continuing to pick up momentum.

LIV Sotheby’s International Realty reports on the Denver Metro real estate market, sectioning into 57 neighborhoods, collectively, comparing real estate performance for January through June of 2020 to that of 2019. The average sold price for both single family and attached homes through June of 2020 showed an upward trend, growing by 2.6% and 1.7% respectively. These increases bring the average sold price for single family homes in Denver to $542,311 and price for attached January through June 2019 2020 % Change homes to $368,075.

DENVER METRO

Within the 58 neighborhoods that make up Denver Metro, many neighborhoods experienced positive activity through June of this year. There were 19 different neighborhoods that saw an increase in the number of properties sold in Q1 and Q2. One of the most impressive rises in buyer activity was seen in the Downtown condominium market. Through June of this year, an astonishing 211 condos were sold, a 245.9% difference from 2019 when 61 condos sold in the same time frame. Southmoor Park also experienced a boost of buying activity, increasing the number of sold homes from 21 properties through June of 2019 to 39 properties through June of 2020.

New Listings

36,459

32,792

-10.1%

Sold Listings (All Properties)

26,030

23,466

-9.9%

Sold Single Family

18,292

16,449

-10.1%

7,738

6,176

-20.2%

29

28

-3.4%

Average Price (Single Family)

$528,518

$542,311

2.6%

Averge Price (Condo)

$361,828

$368,075

1.7%

99.3%

99.6%

0.3%

$11,503,250,899

-7.3%

Sold Condo 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

The average days on market in Denver Metro has decreased slightly by 3.4%, making the average days on market for all types of homes in the area 28 days. Other individual communities have also seen drops in the average amount of time properties are spending on the market, showing that buyers are hungry for available homes and moving more quickly to secure the listings they love. Both single family homes and condos in Denver’s Cherry Creek North neighborhood have been moving quickly in the real estate market. Homes in this community are staying on the market for 29.5% less time, bringing the average days on market down from 78 days through June of 2019 to 55 days during the same time frame in 2020.

Denver’s active lifestyle, access to the fresh air and outdoors, as well as urban entertainment and dining options make this city an attractive place to put down roots or invest in a second home. For these reasons, the real estate market will likely continue to thrive, allowing buyers and sellers the opportunity to reach their lifestyle goals.

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.

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2.9%

DENVER (CITY) January through June Average Price Average Price per Square Foot

The average days on market in the City of

Average Days on Market

Denver decreased by 2.9% January through

Highest Price

June 2020 compared to that of 2019.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$499,259

$522,149

4.6%

$355

$378

6.6%

34

33

-2.9%

$10,750,000

$4,625,000

-57.0%

7,024

6,254

-11.0%

97.6%

98.2%

0.6%

Boundaries: City of Denver

BAKER January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$514,183

$529,855

3.0%

$391

$406

3.8%

23

21

-8.7%

$775,000

$802,600

3.6%

56

53

-5.4%

97.9%

98.6%

0.8%

Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway

416 Acoma Street Unit #105, Denver

BELL MOUNTAIN RANCH Bell Mountain Ranch is

January through June

nestled against the bluffs

Average Price

just south of Downtown

Average Price per Square Foot

Castle Rock. Home sites

Average Days on Market

average 5 to 12 acres with

Highest Price

nearly 1,000 acres of

Properties Sold

open space.

% Sold Price to List Price

2019

2020

% Change

$961,864

$943,929

-1.9%

$347

$361

4.0%

67

83

23.9%

$1,695,000

$1,100,000

-35.1%

11

6

-45.5%

97.1%

97.3%

0.2%

Boundaries: I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle

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BELMAR January through June Average Price

2020

% Change

$450,846

$414,585

-8.0%

$270

$298

10.5%

46

47

2.2%

$750,000

$540,000

-28.0%

neighborhood of Belmar increased by 10.5%

26

15

-42.3%

January through June 2020 compared to

97.0%

96.9%

-0.1%

that of 2019.

Average Price per Square Foot Average Days on Market Highest Price

10.5%

2019

Properties Sold % Sold Price to List Price

The average price per square foot for the

Boundaries: Kentucky to Alameda; Wadsworth to Pierce

BERKELEY January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$641,516

$674,357

5.1%

$507

$505

-0.3%

16

30

87.5%

$1,375,000

$1,515,000

10.2%

80

89

11.3%

98.9%

98.0%

-0.9%

Boundaries: W 38th Ave to I-70; Sheridan to Federal

5033 Utica Street, Denver

BONNIE BRAE/BELCARO January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

Both located just east of

$1,158,335

$1,073,171

-7.4%

Washington Park, these

$554

$560

1.0%

neighborhoods hold a

39

43

10.3%

collection of classic Tudor-

$2,400,000

$2,675,000

11.5%

style homes, Colonial and

31

28

-9.7%

smaller bungalows.

96.2%

95.3%

-0.9%

Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado

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48.4%

BOW MAR/BOW MAR SOUTH January through June Average Price Average Price per Square Foot

The average days on market in the

Average Days on Market

neighborhood of Bow Mar/Bow Mar South

Highest Price

decreased by 48.4% January through June

Properties Sold

2020 compared to that of 2019.

% Sold Price to List Price

2019

2020

% Change

$1,779,934

$1,316,731

-26.0%

$441

$467

6.0%

91

47

-48.4%

$3,250,000

$2,285,000

-29.7%

8

13

62.5%

92.5%

94.8%

2.4%

Boundaries: West Quincy Avenue to West Bowles Avenue

CAPITOL HILL January through June Average Price

2019

2020

% Change

$380,077

$373,487

-1.7%

$366

$375

2.4%

30

37

23.3%

$3,056,000

$1,925,000

-37.0%

175

160

-8.6%

97.3%

97.4%

0.1%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Broadway to Downing; 6th Avenue to Colfax

15.9%

The average days on market in the

neighborhood of Castle Pines decreased by 15.9% January through June 2020 compared to that of 2019.

1300 N Ogden Street Unit #401, Denver

CASTLE PINES January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$723,164

$668,668

-7.5%

$249

$247

-1.2%

44

37

-15.9%

$2,400,000

$1,476,000

-38.5%

68

51

-25.0%

97.5%

97.1%

-0.4%

Boundaries: Country Club Parkway to Coyote Park; Daniels Park to Yorkshire

coloradomicroreports.com

THE VILLAGE AT CASTLE PINES January through June Average Price

2019

2020

% Change

$1,320,403

$1,202,606

-8.9%

$390

$383

-1.6%

73

96

31.5%

$2,675,000

$3,266,716

22.1%

66

55

-16.7%

96.6%

94.0%

-2.7%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

Boundaries: US 85 & Copper Blush to Northwood; Daniels Park to Gate 5, Country Club to I-25

1041 Meteor Place, Castle Rock

CHEESMAN Cheesman is one of the

January through June

oldest neighborhoods in

Average Price

Denver and was originally

Average Price per Square Foot

developed with mostly

Average Days on Market

large mansions that still

Highest Price

stand to this day.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$528,339

$522,750

-1.1%

$401

$386

-3.8%

33

47

42.4%

$4,350,000

$2,400,000

-44.8%

103

58

-43.7%

97.8%

95.7%

-2.2%

Boundaries: York to Downing; Colfax to 8th Avenue

CHERRY CREEK NORTH January through June Average Price

2019

2020

% Change

$1,386,222

$1,088,150

-21.5%

$638

$560

-12.2%

78

55

-29.5%

$6,742,620

$2,575,000

-61.8%

92

58

-37.0%

95.8%

95.6%

-0.2%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: York to Colorado; 1st Avenue to 6th Avenue

226 Monroe Street, Denver

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CHERRY CREEK EAST & SOUTH January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$646,670

$842,996

30.4%

$397

$418

5.3%

57

49

-14.0%

$1,275,000

$3,850,000

202.0%

61

55

-9.8%

96.8%

96.1%

-0.8%

Boundaries: University to Colorado; Alameda to 1st Avenue

71 South Jackson Street, Denver

CHERRY HILLS VILLAGE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$1,989,387

$1,626,951

-18.2%

$463

$442

-4.6%

35

22

-37.1%

$3,689,000

$2,750,000

-25.5%

31

24

-22.6%

95.3%

96.2%

0.9%

Home to the Cherry Hills Country Club, which has hosted two PGA Championships, this neighborhood is home to many beautiful properties.

(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou

CHERRY HILLS VILLAGE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

1120 E Tufts Avenue, Cherry Hills Village

2019

2020

% Change

$2,725,862

$3,025,000

11.0%

$483

$511

5.7%

80

67

-16.3%

$8,200,000

$6,620,000

-19.3%

29

20

-31.0%

91.7%

95.3%

3.9%

(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou

coloradomicroreports.com

CITY PARK 2019

2020

% Change

One of Denver’s most

$643,593

$665,173

3.4%

popular destinations,

$416

$407

-2.1%

City Park is home to

27

32

18.5%

historical monuments,

$1,219,000

$1,347,500

10.5%

two lakes, picnic sites,

28

37

32.1%

playgrounds, and sweeping

98.5%

100.4%

2.0%

views of the city’s skyline.

January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Downing to York; 18th to Martin Luther King

11.1%

CITY PARK SOUTH January through June Average Price Average Price per Square Foot

The number of properties sold in the

Average Days on Market

neighborhood of City Park South increased

Highest Price

by 11.1% January through June 2020

Properties Sold

compared to that of 2019.

% Sold Price to List Price

2019

2020

% Change

$721,956

$668,175

-7.4%

$499

$526

5.3%

10

6

-40.0%

$1,049,900

$851,000

-18.9%

9

10

11.1%

98.9%

101.0%

2.1%

Boundaries: York to Colorado; Colfax to 17th

COLUMBINE VALLEY January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$1,440,153

$1,521,923

5.7%

$410

$438

6.8%

75

54

-28.0%

$2,725,000

$3,700,000

35.8%

15

15

0.0%

97.8%

99.6%

1.9%

35.8% The highest price in the neighborhood of Columbine Valley increased by 35.8% January through June 2020 compared to that of 2019.

Boundaries: South Polo Ridge Drive to West Bowles; Platte Canyon Road to South Platte River

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CONGRESS PARK

13.8%

January through June Average Price Average Price per Square Foot

The average days on market in the neighborhood of Congress Park decreased by 13.8% January

Average Days on Market Highest Price Properties Sold

through June 2020 compared to that of 2019.

% Sold Price to List Price

2019

2020

% Change

$638,614

$615,963

-3.5%

$453

$448

-1.1%

29

25

-13.8%

$2,285,000

$1,500,000

-34.4%

85

74

-12.9%

97.0%

98.4%

1.4%

Boundaries: York to Colorado; 6th Avenue to Colfax

CORY-MERRILL January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$890,336

$810,833

-8.9%

$473

$505

6.7%

33

41

24.2%

$1,790,000

$1,850,000

3.4%

60

45

-25.0%

96.2%

96.5%

0.3%

Boundaries: South University Blvd to South Colorado Blvd; 1-25 to East Mississippi Ave

1275 South Steele Street, Denver

42.7%

The highest price in the neighborhood of Country Club increased by 42.7% January through June 2020 compared to that of 2019.

COUNTRY CLUB January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$2,663,870

$3,095,000

16.2%

$677

$712

5.2%

43

37

-14.0%

$3,240,000

$4,625,000

42.7%

10

4

-60.0%

95.2%

87.9%

-7.7%

Boundaries: University to Downing 1st - 4th; Race to University 4th - 6th

coloradomicroreports.com

CRESTMOOR January through June Average Price

2019

2020

% Change

$1,633,543

$1,361,933

-16.6%

$525

$510

-2.8%

24

19

-20.8%

$3,235,000

$2,400,000

-25.8%

15

15

0.0%

97.7%

98.6%

0.9%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Holly to Monaco; Bayaud to 6th Avenue

120 South Clermont Street, Denver

245.9%

The number of properties sold in Downtown

increased by an impressive 245.9% January through June 2020 compared to that of 2019.

DOWNTOWN January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$777,288

$616,602

-20.7%

$543

$513

-5.6%

56

61

8.9%

$4,115,000

$2,800,000

-32.0%

61

211

245.9%

98.1%

96.4%

-1.8%

(Attached Dwellings) Boundaries: Downtown Denver MLS Area

GOLDEN TRIANGLE January through June Average Price

2019

2020

% Change

$636,667

$566,036

-11.1%

$419

$394

-6.0%

58

37

-36.2%

$1,475,000

$1,117,678

-24.2%

12

16

33.3%

95.4%

98.4%

3.1%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: North Speer Blvd to Broadway; Colfax to 7th

55 West 12th Avenue Unit #607, Denver

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GREENWOOD VILLAGE EAST January through June

Greenwood Village is

Average Price

located in the Denver Tech

Average Price per Square Foot

Center area and meanders

Average Days on Market

in and out of the cities of

Highest Price

Englewood and Centennial.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$1,175,727

$1,196,821

1.8%

$371

$340

-8.3%

69

56

-18.8%

$1,995,000

$1,950,000

-2.3%

29

17

-41.4%

95.3%

94.2%

-1.2%

Boundaries: I-25 to Havana; Belleview to Orchard

GREENWOOD VILLAGE WEST January through June Average Price

2019

2020

% Change

$1,748,547

$1,569,905

-10.2%

$395

$410

3.6%

32

22

-31.3%

$2,850,000

$2,600,000

-8.8%

24

21

-12.5%

94.2%

95.5%

1.4%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25

24.6%

The average price in the neighborhood of Greenwood Village West increased by 24.6% January through June 2020 compared to that of 2019.

2 S Franklin Circle, Greenwood Village

GREENWOOD VILLAGE WEST January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$1,734,071

$2,160,000

24.6%

$390

$583

49.6%

74

41

-44.6%

$3,300,000

$2,820,000

-14.5%

7

2

-71.4%

90.1%

90.3%

0.2%

(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25

coloradomicroreports.com

HALE MAYFAIR January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$721,988

$716,950

-0.7%

$489

$502

2.5%

19

22

15.8%

$1,820,000

$2,372,000

30.3%

49

49

0.0%

98.4%

99.2%

0.9%

30.3% The highest price in the neighborhood of Hale Mayfair increased by 30.3% January through June 2020 compared to that of 2019.

Boundaries: Colorado to Holly; 6th to Colfax

HERITAGE GREENS Heritage Greens is

January through June

one of metro Denver’s

Average Price

premier south-suburban

Average Price per Square Foot

neighborhoods providing

Average Days on Market

residents a variety of

Highest Price

community amenities and

Properties Sold

local activities.

% Sold Price to List Price

2019

2020

% Change

$866,204

$879,713

1.6%

$266

$295

10.9%

35

26

-25.7%

$1,625,000

$1,190,000

-26.8%

14

9

-35.7%

98.6%

99.2%

0.6%

Boundaries: Dry Creek to County Line; Colorado Blvd to Holly

HIGHLANDS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$688,598

$658,835

-4.3%

$454

$501

10.4%

35

32

-8.6%

$2,300,000

$1,695,000

-26.3%

145

145

0.0%

96.3%

97.4%

1.2%

Boundaries: W 38th Avenue to Speer Blvd; S Platte River to Federal Blvd

2820 Meade Street, Denver

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(WEST) HIGHLANDS

Overlooking downtown Denver, the Highlands

January through June

is a bustling residential

Average Price

neighborhood featuring

Average Price per Square Foot

avenues lined with elegant

Average Days on Market

old homes, chic cocktail

Highest Price

bars and trendsetting

Properties Sold

restaurants.

% Sold Price to List Price

2019

2020

% Change

$651,554

$700,672

7.5%

$490

$536

9.6%

20

20

0.0%

$1,900,000

$1,785,000

-6.1%

111

107

-3.6%

98.1%

99.0%

1.0%

Boundaries: 38th Avenue; Federal to Sheridan

HIGHLANDS RANCH January through June Average Price Average Price per Square Foot

2019

2020

% Change

$587,547

$589,876

0.4%

$263

$271

3.3%

21

20

-4.8%

$4,595,032

$2,986,405

-35.0%

753

694

-7.8%

98.9%

99.0%

0.1%

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

Boundaries: Daniels Park to County Line; Santa Fe to Quebec

12.8% The average price per square foot for the neighborhood of Hilltop increased by 12.8% January through June 2020 compared to that of 2019.

28 Falcon Hills Drive, Highlands Ranch

HILLTOP January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$1,436,627

$1,594,108

11.0%

$451

$509

12.8%

41

55

34.1%

$3,250,000

$3,275,000

0.8%

52

28

-46.2%

93.9%

93.5%

-0.4%

Boundaries: Alameda to 6th; Colorado to Holly

coloradomicroreports.com

HOMESTEAD January through June Average Price

2019

2020

% Change

$537,589

$544,936

1.4%

$302

$316

4.9%

42

20

-52.4%

$1,225,000

$990,000

-19.2%

52

53

1.9%

96.9%

100.0%

3.2%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

52.4% The average days on market for the neighborhood of Homestead decreased by 52.4% January through June 2020 compared to that of 2019.

Boundaries: Colorado to Quebec; Arapahoe to Dry Creek

JEFFERSON PARK January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

KEENE RANCH Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2020

% Change

$557,873

$548,058

-1.8%

$415

$410

-1.2%

50

43

-14.0%

$1,170,000

$863,000

-26.2%

68

70

2.9%

97.7%

97.7%

0.1%

Boundaries: Federal Blvd to S Platte River; South of 29th Ave & Speer Blvd, North of Mile High Stadium

2728 W 26th Avenue Unit #105, Denver

January through June

2019

2019

2020

% Change

$1,168,250

$1,070,000

-8.4%

$351

$328

-6.6%

71

58

-18.3%

$1,500,000

$1,220,000

-18.7%

6

3

-50.0%

91.9%

86.6%

-5.7%

Located in the scenic foothills and bordering 1,500 acres of open space, Keene Ranch offers convenient access to Castle Rock and awardwinning golf courses.

Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - JUNE 2020 • COLORADOMICROREPORTS.COM

KEN-CARYL NORTH RANCH January through June

Situated among the

Average Price

foothills, Ken-Caryl is

Average Price per Square Foot

surrounded by beautiful

Average Days on Market

views and extraordinary

Highest Price

wildlife.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$1,043,125

$1,064,096

2.0%

$302

$289

-4.4%

12

42

250.0%

$1,337,500

$1,176,500

-12.0%

4

5

25.0%

98.5%

97.2%

-1.3%

Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road

KEN-CARYL VALLEY January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

17.6%

2019

2020

% Change

$872,199

$838,065

-3.9%

$296

$320

7.9%

23

31

34.8%

$2,700,000

$1,295,000

-52.0%

neighborhood of Ken-Caryl Valley increased

34

40

17.6%

by 17.6% January through June 2020

97.7%

97.8%

0.1%

compared to that of 2019.

The average price per square foot for the

Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Carly Ave

LAKEWOOD January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

575 S Nelson Street, Lakewood

2019

2020

% Change

$500,256

$510,255

2.0%

$305

$322

5.7%

27

23

-14.8%

$2,425,000

$1,700,000

-29.9%

728

655

-10.0%

98.4%

98.6%

0.2%

Boundaries: City of Lakewood

coloradomicroreports.com

LOHI January through June Average Price Average Price per Square Foot

2019

2020

% Change

$712,311

$687,959

-3.4%

$448

$496

10.7%

39

32

-17.9%

$2,300,000

$1,626,074

-29.3%

109

106

-2.8%

95.9%

97.2%

1.3%

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

Boundaries: W 38th Avenue to I-25; Speer Blvd to Zuni Street

3501 Mariposa Street, Denver

LONE TREE January through June

Located on the far south

Average Price

outskirts of Denver, Lone

Average Price per Square Foot

Tree hosts a variety of

Average Days on Market

popular events, arts,

Highest Price

culture and recreation

Properties Sold

activities in the area.

% Sold Price to List Price

2019

2020

% Change

$968,774

$902,586

-6.8%

$316

$291

-7.9%

37

48

29.7%

$2,175,000

$1,989,428

-8.5%

73

61

-16.4%

97.1%

97.0%

-0.1%

Boundaries: City of Lone Tree

LOWRY January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Quebec to Unita; Alameda to 11th

2019

2020

% Change

$835,705

$853,875

2.2%

$324

$350

8.0%

25

29

16.0%

$1,850,000

$1,650,000

-10.8%

18

16

-11.1%

97.8%

97.8%

0.0%

7675 E 4th Avenue, Denver

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - JUNE 2020 • COLORADOMICROREPORTS.COM

THE MEADOWS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

MONTCLAIR Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2020

% Change

$470,580

$496,041

5.4%

$225

$227

1.1%

48

30

-37.5%

$765,000

$810,000

5.9%

247

225

-8.9%

98.1%

99.0%

0.9%

Boundaries: N Meadows Drive to Coachline Road; Breezy Lane to Dairylide Street

3999 Alcazar Drive, Castle Rock

January through June

2019

2019

2020

% Change

$673,601

$706,302

4.9%

$430

$480

11.6%

33

31

-6.1%

$1,600,000

$1,699,000

6.2%

64

55

-14.1%

96.5%

98.9%

2.5%

4.9%

The average price in the neighborhood of Montclair increased by 4.9% January through June 2020 compared to that of 2019.

Boundaries: Holly to Quebec; 6th to Colfax

OBSERVATORY PARK January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2930 East Iliff Ave, Denver

2019

2020

% Change

$1,292,788

$1,287,793

-0.4%

$462

$484

4.6%

56

40

-28.6%

$2,825,000

$2,870,000

1.6%

49

30

-38.8%

95.0%

95.6%

0.6%

Boundaries: University to Colorado; Evans to Yale

coloradomicroreports.com

PARK HILL January through June Average Price

2019

2020

% Change

$790,283

$748,605

-5.3%

$477

$481

0.9%

23

24

4.3%

$2,920,000

$1,975,736

-32.3%

116

85

-26.7%

97.4%

99.6%

2.2%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Colfax to 26th; Colorado to Quebec

2026 Ash Street, Denver

17.8%

The number of properties sold for the

PLATT PARK January through June Average Price Average Price per Square Foot Average Days on Market Highest Price

neighborhood of Platt Park increased

Properties Sold

by 17.8% January through June 2020

% Sold Price to List Price

compared to that of 2019.

2019

2020

% Change

$750,442

$783,008

4.3%

$566

$570

0.7%

20

21

5.0%

$1,957,422

$1,735,451

-11.3%

45

53

17.8%

98.6%

99.8%

1.2%

Boundaries: Broadway to Downing; Louisiana to Evans

POLO RESERVE January through June

2019

2020

% Change

Average Price

-

$2,550,000

-

Average Price per Square Foot

-

$385

-

Average Days on Market

-

91

-

Highest Price

-

$3,700,000

-

No Sales

2

-

-

96.7%

-

Properties Sold % Sold Price to List Price

Boundaries: North of Mineral; South of Arabian Place; West of the S Platte River; East of S. Platte Canyon Road

7270 S Polo Ridge Drive, Littleton

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - JUNE 2020 • COLORADOMICROREPORTS.COM

PRADERA & TIMBERS January through June

Nestled between Parker

Average Price

and Castle Rock, these

Average Price per Square Foot

neighborhoods offer wide

Average Days on Market

open vistas with hundreds

Highest Price

of acres of beautiful

Properties Sold

Colorado open space.

% Sold Price to List Price

2019

2020

% Change

$934,004

$917,299

-1.8%

$246

$264

7.2%

68

67

-1.5%

$1,900,000

$1,787,530

-5.9%

51

55

7.8%

96.7%

96.9%

0.2%

Boundaries: Praders and Timbers Subdivisions in Parker

RINO January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$505,688

$528,896

4.6%

$411

$431

4.7%

48

28

-41.7%

$1,150,000

$850,000

-26.1%

27

27

0.0%

97.1%

98.1%

1.1%

Boundaries: I-25 to York St; South of I-70; North of Park Ave; East of Lawrence St to 40th Avenue

3195 Blake Street Unit #208, Denver

23.1%

SADDLE ROCK January through June Average Price Average Price per Square Foot Average Days on Market

The highest price in the neighborhood of Saddle

Highest Price

Rock increased by 23.1% January through June

Properties Sold

2020 compared to that of 2019.

% Sold Price to List Price

2019

2020

% Change

$668,892

$666,760

-0.3%

$227

$232

2.4%

72

52

-27.8%

$975,000

$1,200,000

23.1%

40

39

-2.5%

97.1%

98.3%

1.2%

Boundaries: North of E Dry Creek Rd; South of Smoky Hill Rd; West of E-470; East of S Liverpool St

coloradomicroreports.com

SLOAN’S LAKE January through June Average Price

2019

2020

% Change

$659,340

$752,290

14.1%

$460

$514

11.8%

63

18

-71.4%

$1,275,000

$1,483,000

16.3%

53

55

3.8%

96.6%

98.6%

2.1%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:Colfax to 29th; Sheridan to Federal

3424 W 18th Avenue, Denver

38.1% The average days on market in the neighborhood of Southern Hills decreased by 38.1% January through June 2020 compared to that of 2019.

SOUTHERN HILLS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$816,582

$799,156

-2.1%

$389

$429

10.2%

21

13

-38.1%

$1,325,000

$1,577,500

19.1%

17

25

47.1%

98.5%

99.5%

1.1%

Boundaries: University to Colorado; Yale to Hampden

SOUTHGLENN 2019

2020

% Change

Located in Centennial,

$486,452

$495,252

1.8%

rated one of the safest

$288

$275

-4.7%

cities in Colorado,

15

18

20.0%

Southlenn is surrounded

$560,000

615000

-11.6%

21

28

33.3%

99.4%

99.9%

0.5%

January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

by shops, resturants, and The Streets at Southglenn shopping mall.

Boundaries:Colorado to University; Arapahoe to Dry Creek

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - JUNE 2020 • COLORADOMICROREPORTS.COM

SOUTHMOOR PARK January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$592,519

$570,325

-3.7%

$260

$273

5.1%

22

42

90.9%

$824,000

$815,000

-1.1%

21

39

85.7%

98.8%

97.1%

-1.7%

85.7% The number of properties sold in the neighborhood of Southmoor Park increased by 85.7% January through June 2020 compared to that of 2019.

STAPLETON

Stapleton used to be the

January through June

location of the Stapleton

Average Price

International Airport until

Average Price per Square Foot

Denver International

Average Days on Market

Airport opened. Now,

Highest Price

it’s home to many new

Properties Sold

developments and

% Sold Price to List Price

community space.

2019

2020

% Change

$710,945

$726,328

2.2%

$326

$332

2.0%

24

26

8.3%

$1,350,000

$1,290,000

-4.4%

196

171

-12.8%

99.4%

98.8%

-0.6%

Boundaries: Quebec to Havana; 23rd to 40th

SUNNYSIDE January through June

2019

2020

% Change

$581,642

$579,800

-0.3%

$445

$475

6.8%

28

27

-3.6%

$1,150,000

$927,500

-19.3%

137

150

9.5%

98.4%

98.1%

-0.3%

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Federal Blvd to Inca St; W 38th Ave to I-70

2165 W 39th Avenue, Denver

coloradomicroreports.com

TALLYN’S REACH Tallyn’s Reach is known for

January through June

its beautiful surroundings.

Average Price

Here, 200-year-old

Average Price per Square Foot

Ponderosa Pines

Average Days on Market

accentuate the landscape

Highest Price

from nearly every vantage.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$591,199

$614,152

3.9%

$217

$228

5.2%

58

38

-34.5%

$889,000

$945,000

6.3%

56

65

16.1%

96.9%

98.3%

1.4%

Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470

UPTOWN January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

9.7%

2019

2020

% Change

$488,544

$536,154

9.7%

$390

$409

4.8%

22

41

86.4%

$1,364,900

$1,450,000

6.2%

The average price for the neighborhood of

71

63

-11.3%

Uptown increased by 9.7% January through

98.4%

97.0%

-1.4%

June 2020 compared to that of 2019.

Boundaries:North of Colfax, East of Broadway, South of 20th, 20th & Park to 19th; West of Josephine

WASHINGTON PARK EAST January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$1,391,699

$1,385,808

-0.4%

$607

$646

6.6%

30

33

10.0%

$3,650,000

$3,425,000

-6.2%

65

67

3.1%

95.5%

96.3%

0.8%

Boundaries: Louisiana to Ellsworth, Downing to University

322 S Williams Street, Denver

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - JUNE 2020 • COLORADOMICROREPORTS.COM

WASHINGTON PARK WEST January through June Average Price

2019

2020

% Change

$723,002

$823,604

13.9%

$506

$521

3.1%

23

32

39.1%

$1,850,000

$1,500,000

-18.9%

83

63

-24.1%

98.5%

98.0%

-0.5%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:Louisiana to Ellsworth; Broadway to Downing

648 S Clarkson Street, Denver

WHY COLORADO? NATIONAL PARKS: 4

MOUNTAIN RANGES: 7

SKI AREAS & RESORTS:

AVERAGE DAYS OF SUNSHINE ANNUALLY: 300

CRAFT BREWERIES: 350+

coloradomicroreports.com

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livsothebysrealty.com | coloradomicroreports.com 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.