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.
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
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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
coloradomicroreports.com
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.