MICROMARKET REPORT
DENVER METRO | Q1 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
56
7
11 10
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
6
55
4 3
57 35 14 15 34 13 19 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: 1930 W 35th Ave, Denver
coloradomicroreports.com
DENVER METRO MARKET UPDATE Consistently ranked as one of the best cities to live in the U.S., Denver Metro is an epicenter for art, culture, music, business, and adventure. The Mile High City and its surrounding communities have something for everyone, as you can enjoy many lifestyles. From professional sports, gourmet restaurants, stunning street art, and iconic live music venues, Denver has it all. What’s more, each neighborhood within Denver County is as unique as the snowflakes that grace this city in the winter. These characteristics and features such as amazing public parks, access to public transportation, and other amenities are what attract homebuyers from across the country. LIV Sotheby’s International Realty reports on the Denver Metro real estate market, sectioning into 58 neighborhoods. Collectively, comparing the Q1 performance of 2020 to that of 2019, sold listings increased by a notable 8.1%, which brought 10,888 sold listings to the market. The average price in Q1 showed an upward trend, growing by 6.6% for single family homes and 3.9% for condominiums. January through March 2019 2020 % Change As a result, the overall total dollar volume sold New Listings 14,783 15,346 3.8% rose by 13.4% in Q1 when the total reached Sold Listings (All Properties) 10,071 10,888 8.1% $5,248,863,111 compared to last year when the total sales volume reached $4,629,021,069. Sold Single Family 7,014 7,405 5.6%
DENVER METRO
Within the 58 neighborhoods that make up Denver Metro, many neighborhoods experienced noteworthy activity throughout Q1 of 2020. Southglenn saw a formidable increase in properties sold, growing by 133.3%. During Q1 of this year, there were 14 homes sold in this community compared to the same time frame in 2019 when there were just six homes sold.
3,057
3,478
13.8%
36
37
2.8%
Average Price (Single Family)
$505,334
$538,895
6.6%
Averge Price (Condo)
$352,781
$366,426
3.9%
97.7%
99.2%
1.5%
$4,629,021,069
$5,248,863,111
13.4%
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
Single family homes and condominiums in Cherry Creek East and South saw the greatest increase in average price during Q1 of 2020, of 50.6%, in a comparison to Q1 of 2019. Through March of this year, the average price for single family homes and condominiums in this community rose more than in most other neighborhoods. Homebuyers in Crestmoor were very motivated during Q1 of 2020. Listings in this community were on the market for 78% less time, averaging only nine days in Q1 of this year compared to 41 in Q1 of 2019. Heritage Greens also saw a drop in average days on market, decreasing by 60.6% , from 71 days in the first quarter of 2019 to 28 days in the same time period this year. Because of an active and continually growing real estate market, Denver Metro’s array of neighborhoods present buyers and sellers with opportunities to reach their real estate and 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
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
9.8%
DENVER (CITY) January through March Average Price Average Price per Square Foot
The number of properties sold in the City of
Average Days on Market
Denver increased by 9.8% January through
Highest Price
March 2020 compared to that of 2019.
Properties Sold % Sold Price to List Price
2019
2020
% Change
$504,364
$522,003
3.5%
$349
$374
7.0%
36
37
2.8%
$10,750,000
$4,625,000
-57.0%
2,734
3,003
9.8%
97.10%
98.07%
1.0%
Boundaries: City of Denver
BAKER January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
Baker received historic
$528,065
$538,256
1.9%
district designation by the
$377
$408
8.2%
City of Denver in 2000, and
27
21
-22.2%
is lined with 19th century
$775,000
$752,500
-2.9%
brick houses and charming
25
36
44.0%
local restaurants and
95.9%
99.4%
3.6%
businesses.
Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway
BELL MOUNTAIN RANCH January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
750 Bold Sun Circle, Castle Rock
2019
2020
% Change
$909,583
$865,000
-4.9%
$361
$357
-1.2%
89
78
-12.4%
$1,640,000
$875,000
-46.6%
6
2
-66.7%
95.7%
98.1%
2.5%
Boundaries: I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle
coloradomicroreports.com
BELMAR January through March Average Price
2020
% Change
$424,042
$403,756
-4.8%
$272
$303
11.4%
52
52
0.0%
The average price per square foot for the
$750,000
$520,000
-30.7%
neighborhood of Belmar increased by 11.4%
12
9
-25.0%
January through March 2020 compared to
95.9%
96.7%
0.8%
that of 2019.
Average Price per Square Foot Average Days on Market Highest Price
11.4%
2019
Properties Sold % Sold Price to List Price Boundaries: Kentucky to Alameda; Wadsworth to Pierce
BERKELEY January through March
Berkeley offers its residents
Average Price
an eclectic mix of popular
Average Price per Square Foot
dining options, local art
Average Days on Market
galleries, and a convenient
Highest Price
location near I-70.
Properties Sold % Sold Price to List Price
2019
2020
% Change
$624,121
$679,682
8.9%
$490
$510
4.2%
23
42
82.6%
$1,375,000
$1,515,000
10.2%
28
42
50.0%
98.4%
97.1%
-1.3%
Boundaries: W 38th Ave to I-70; Sheridan to Federal
BONNIE BRAE/BELCARO January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,161,306
$973,562
-16.2%
$565
$559
-1.1%
33
55
66.7%
$2,265,000
$1,775,000
-21.6%
12
13
8.3%
95.9%
94.5%
-1.5%
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
950 S Steele Street, Denver
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
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45.0%
BOW MAR/BOW MAR SOUTH January through March 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 45.0% January through March
Properties Sold
2020 compared to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$1,634,320
$1,863,750
14.0%
$433
$528
21.9%
80
44
-45.0%
$2,950,000
$2,285,000
-22.5%
3
4
33.3%
93.5%
96.2%
2.9%
Boundaries: West Quincy Avenue to West Bowles Avenue
CAPITOL HILL January through March Average Price
2020
% Change
$328,187
$368,565
12.3%
$358
$370
3.3%
35
37
5.7%
$1,030,000
$1,030,000
0.0%
neighborhood of Capitol Hill increased by 34.4%
64
86
34.4%
January through March 2020 compared to that
96.4%
97.7%
1.4%
of 2019.
Average Price per Square Foot Average Days on Market Highest Price
34.4%
2019
Properties Sold % Sold Price to List Price
The number of properties sold in the
Boundaries: Broadway to Downing; 6th Avenue to Colfax
CASTLE PINES January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
899 Greenridge Lane, Castle Pines
2019
2020
% Change
$631,338
$660,047
4.5%
$241
$241
0.2%
54
45
-16.7%
$1,223,868
$1,100,000
-10.1%
20
16
-20.0%
97.7%
97.2%
-0.5%
Boundaries: Country Club Parkway to Coyote Park; Daniels Park to Yorkshire
coloradomicroreports.com
THE VILLAGE AT CASTLE PINES January through March Average Price
2020
% Change
$1,326,313
$1,113,139
-16.1%
$403
$387
-3.9%
92
98
6.5%
$2,540,000
$3,266,716
28.6%
neighborhood of The Village at Castle Pines
25
29
16.0%
increased by 16.0% January through March
97.1%
93.7%
-3.5%
2020 compared to that of 2019.
Average Price per Square Foot Average Days on Market Highest Price
16.0%
2019
Properties Sold % Sold Price to List Price
The number of properties sold in the
Boundaries: US 85 & Copper Blush to Northwood; Daniels Park to Gate 5, Country Club to I-25
CHEESMAN January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$597,562
$447,719
-25.1%
$393
$384
-2.4%
34
58
70.6%
$4,350,000
$1,157,375
-73.4%
40
31
-22.5%
97.8%
96.1%
-1.7%
Boundaries: York to Downing; Colfax to 8th Avenue
1313 N Williams Street #1104, Denver
CHERRY CREEK NORTH January through March Average Price
2019
2020
% Change
$1,184,648
$1,078,655
-8.9%
$506
$586
15.8%
72
71
-1.4%
$2,975,000
$1,800,000
-39.5%
23
33
43.5%
95.0%
95.7%
0.7%
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
525 Columbine Street, Denver
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CHERRY CREEK EAST & SOUTH
50.6%
January through March Average Price Average Price per Square Foot
The average price in the neighborhood
Average Days on Market
of Cherry Creek East & South increased
Highest Price
by 50.6% January through March 2020
Properties Sold
compared to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$606,996
$914,164
50.6%
$388
$419
7.8%
63
42
-33.3%
$1,090,000
$3,850,000
253.2%
29
30
3.4%
96.2%
97.0%
0.8%
Boundaries: University to Colorado; Alameda to 1 Avenue st
CHERRY HILLS VILLAGE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,612,818
$1,721,750
6.8%
$413
$483
17.1%
48
39
-18.8%
$2,625,000
$2,650,000
1.0%
11
8
-27.3%
95.5%
93.6%
-1.9%
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
9 Foxtail Circle, Cherry Hills Village
CHERRY HILLS VILLAGE January through March
Cherry Hills Village, located just south of Denver, was named for the cherry tree groves that lined the original town site.
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$3,094,000
$3,198,917
3.4%
$452
$533
18.0%
75
52
-30.7%
$8,200,000
$6,620,000
-19.3%
5
12
140.0%
86.6%
95.8%
10.5%
(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
$692,914
$617,047
-10.9%
popular destinations,
$412
$390
-5.3%
City Park is home to
28
40
42.9%
historical monuments,
$1,105,400
$950,000
-14.1%
two lakes, picnic sites,
7
16
128.6%
playgrounds, and sweeping
98.9%
100.6%
1.7%
views of the city’s skyline.
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Downing to York; 18 to Martin Luther King th
CITY PARK SOUTH January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
COLUMBINE VALLEY Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
% Change
$785,000
$616,050
-21.5%
$440
$573
30.4%
23
6
-73.9%
$800,000
$700,000
-12.5%
2
5
150.0%
95.8%
100.0%
4.4%
Boundaries: York to Colorado; Colfax to 17th
3114 E 17th Ave, Denver
January through March
2019
2019
2020
% Change
$1,534,825
$1,403,984
-8.5%
$434
$462
6.3%
14
117
735.7%
$2,546,300
$2,265,000
-11.0%
4
6
50.0%
97.0%
97.6%
0.6%
6.3%
The average price per square foot for the neighborhood of Columbine Valley increased by 6.3% January through March compared to that of 2019.
Boundaries: South Polo Ridge Drive to West Bowles; Platte Canyon Road to South Platte River
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
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CONGRESS PARK January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$681,838
$691,337
1.4%
$482
$461
-4.4%
26
32
23.1%
$2,285,000
$1,500,000
-34.4%
29
33
13.8%
97.6%
97.5%
-0.2%
Boundaries: York to Colorado; 6 Avenue to Colfax th
1134 Monroe Street, Denver
CORY-MERRILL January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Named after John J. Cory 2019
2020
% Change
and Louise A. Merrill, two
$887,750
$820,537
-7.6%
influential Denver educators,
$449
$481
7.2%
Cory-Merrill neighborhood
80
73
-8.8%
was founded in 1859 to be a
$1,599,000
$1,730,000
8.2%
dry town because its citizens
29
20
-31.0%
didn’t like the saloons that
96.0%
94.5%
-1.6%
had taken over Denver.
Boundaries: South University Blvd to South Colorado Blvd; 1-25 to East Mississippi Ave
COUNTRY CLUB January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
477 N High Street, Denver
2019
2020
% Change
$3,096,264
$3,095,000
0.0%
$561
$545
-2.9%
99
37
-62.6%
$3,240,000
$4,625,000
42.7%
4
4
0.0%
89.5%
87.9%
-1.8%
Boundaries: University to Downing 1st - 4th; Race to University 4th - 6th
coloradomicroreports.com
CRESTMOOR January through March Average Price
2019
2020
% Change
$1,672,267
$1,592,833
-4.8%
$516
$538
4.3%
41
9
-78.0%
$3,235,000
$2,400,000
-25.8%
8
6
-25.0%
95.9%
99.7%
4.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
78.0%
The average days on market for the neighborhood of Crestmoor decreased by 78.0% January through
March 2020 compared to that of 2019.
Boundaries: Holly to Monaco; Bayaud to 6th Avenue
52.4%
The number of properties sold in Downtown
DOWNTOWN January through March Average Price Average Price per Square Foot Average Days on Market
increased by 52.4% January through March
Highest Price
2020 compared to that of 2019.
Properties Sold % Sold Price to List Price
2019
2020
% Change
$860,052
$651,932
-24.2%
$532
$523
-1.7%
63
71
12.7%
$10,750,000
$2,800,000
-74.0%
84
128
52.4%
97.0%
96.0%
-0.9%
(Attached Dwellings) Boundaries: Downtown Denver MLS Area
GOLDEN TRIANGLE January through March Average Price
2019
2020
% Change
$790,833
$541,208
-31.6%
$446
$391
-12.5%
95
46
-51.6%
$1,475,000
$1,117,678
-24.2%
6
10
66.7%
92.7%
98.2%
5.9%
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
96 W 10th Ave, Denver
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GREENWOOD VILLAGE EAST January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,087,004
$1,220,611
12.3%
$374
$335
-10.5%
24
78
225.0%
$1,450,000
$1,700,000
17.2%
8
9
12.5%
94.7%
92.9%
-1.9%
Boundaries: I-25 to Havana; Belleview to Orchard
5437 S Oneida Way, Greenwood Village
GREENWOOD VILLAGE WEST January through March Average Price
2019
2020
% Change
Over the past 50 years,
$1,776,800
$1,398,714
-21.3%
Greenwood Village has
$393
$421
7.0%
gone from a land of gravel
19
13
-31.6%
roads and small farms to an
$2,275,000
$2,142,000
-5.8%
energetic blend of residential
5
7
40.0%
and commercial areas.
95.9%
96.1%
0.2%
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
8.4%
GREENWOOD VILLAGE WEST January through March Average Price Average Price per Square Foot
The average price per square foot in the
Average Days on Market
neighborhood of Greenwood Village West increased
Highest Price
by 8.4% January through March 2020 compared to
Properties Sold
that of 2019.
% Sold Price to List Price
2019
2020
% Change
$1,747,500
$1,500,000
-14.2%
$451
$489
8.4%
102
3
-97.1%
$1,775,000
$1,500,000
-15.5%
2
1
-50.0%
89.8%
100.0%
11.3%
(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
coloradomicroreports.com
HALE MAYFAIR January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$792,390
$701,500
-11.5%
$247
$223
-9.7%
71
28
-60.6%
$1,075,000
$768,000
-28.6%
5
2
-60.0%
98.0%
96.6%
-1.4%
60.6%
The average days on market for the neighborhood
of Hale Mayfair decreased by 60.6% January through March 2020 compared to that of 2019.
Boundaries: Colorado to Holly; 6th to Colfax
HERITAGE GREENS January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
HIGHLANDS Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
% Change
$792,390
$701,500
-11.5%
$247
$223
-9.7%
71
28
-60.6%
$1,075,000
$768,000
-28.6%
5
2
-60.0%
98.0%
96.6%
-1.4%
Boundaries: Dry Creek to County Line; Colorado Blvd to Holly
7899 S Hudson Street, Centennial
January through March
2019
2019
2020
% Change
$716,190
$675,970
-5.6%
$423
$486
14.9%
41
40
-2.4%
$2,300,000
$1,695,000
-26.3%
56
61
8.9%
96.70%
97.7%
1.0%
14.9%
The average price per square foot for the neighborhood of Highlands increased by 14.9% January through March 2020 compared to that of 2019.
Boundaries: W 38th Avenue to Speer Blvd; S Platte River to Federal Blvd
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(WEST) HIGHLANDS
Overlooking downtown Denver, the Highlands
January through March
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
$605,755
$660,159
9.0%
$506
$563
11.4%
32
21
-34.4%
$927,000
$1,300,000
40.2%
31
44
41.9%
98.8%
1.7%
97.1%
Boundaries: 38 Avenue; Federal to Sheridan th
HIGHLANDS RANCH January through March Average Price Average Price per Square Foot
2020
% Change
$569,387
$593,170
4.2%
$261
$268
2.8%
29
29
0.0%
$4,595,032
$2,800,000
-39.1%
neighborhood of Highlands Ranch increased by
282
310
9.9%
9.9% January through March 2020 compared to
98.3%
98.5%
0.3%
that of 2019.
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
9.9%
2019
The number of properties sold in the
Boundaries: Daniels Park to County Line; Santa Fe to Quebec
HILLTOP January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
309 Dahlia Street, Denver
2019
2020
% Change
$1,370,455
$1,671,580
22.0%
$410
$526
28.4%
36
82
127.8%
$2,450,000
$2,650,000
8.2%
15
13
-13.3%
92.9%
92.0%
-1.0%
Boundaries: Alameda to 6th; Colorado to Holly
coloradomicroreports.com
HOMESTEAD January through March Average Price
2020
% Change
$539,825
$553,806
2.6%
$298
$311
4.6%
59
37
-37.3%
The average price per square foot for the
$1,225,000
$984,900
-19.6%
neighborhood of Homestead increased by 4.6%
20
20
0.0%
January through March 2020 compared to that
94.7%
100.2%
5.8%
of 2019.
Average Price per Square Foot Average Days on Market Highest Price
4.6%
2019
Properties Sold % Sold Price to List Price Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
JEFFERSON PARK January through March 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
$574,864
$534,107
-7.1%
$427
$419
-2.0%
39
57
46.2%
$1,170,000
$710,000
-39.3%
22
32
45.5%
97.5%
97.3%
-0.2%
Boundaries: Federal Blvd to S Platte River; South of 29th Ave & Speer Blvd, North of Mile High Stadium
2851 W 23rd Ave, Denver
January through March
2019
2019
2020
% Change
$1,183,750
$1,035,000
-12.6%
$378
$319
-15.5%
97
72
-25.8%
$1,500,000
$1,220,000
-18.7%
4
2
-50.0%
92.1%
85.7%
-6.9%
Located in the scenic foothills and bordering 1,500 acres of open space, Keene Ranch offers convenient access to Castle Rock and award-winning 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 - MARCH 2020 • COLORADOMICROREPORTS.COM
11.0%
KEN-CARYL NORTH RANCH January through March Average Price Average Price per Square Foot
The highest price for the neighborhood of
Average Days on Market
Ken-Caryl North Ranch increased by 11.0%
Highest Price
January through March 2020 compared to
Properties Sold
that of 2019.
% Sold Price to List Price
2019
2020
% Change
$1,060,000
$1,047,620
-1.2%
$297
$288
-3.0%
29
29
0.0%
$1,060,000
$1,176,500
11.0%
1
4
300.0%
99.2%
97.6%
-1.6%
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
KEN-CARYL VALLEY January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
10.8%
2019
2020
% Change
$891,097
$864,321
-3.0%
$293
$325
10.8%
34
39
14.7%
$2,700,000
$1,210,000
-55.2%
neighborhood of Ken-Caryl Valley increased
15
14
-6.7%
by 10.8% January through March 2020
96.8%
98.1%
1.4%
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 March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2701 S Simms Way, Lakewood
2019
2020
% Change
$476,775
$501,721
5.2%
$295
$323
9.2%
38
32
-15.8%
$1,318,370
$1,200,000
-9.0%
281
280
-0.4%
97.2%
98.1%
1.0%
Boundaries: City of Lakewood
coloradomicroreports.com
LOHI January through March Average Price
2020
% Change
$737,423
$705,436
-4.3%
$447
$483
7.9%
41
42
2.4%
The average price per square foot for the
$2,300,000
$1,230,000
-46.5%
neighborhood of LoHi increased by 7.9%
41
43
4.9%
January through March 2020 compared to that
96.5%
97.6%
1.1%
of 2019.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
7.9%
2019
Boundaries: W 38 Avenue to I-25; Speer Blvd to Zuni Street th
LONE TREE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$945,619
$858,218
-9.2%
$319
$278
-12.8%
36
51
41.7%
$2,175,000
$1,730,000
-20.5%
33
29
-12.1%
97.63%
97.1%
-0.5%
Boundaries: City of Lone Tree
LOWRY January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$571,116
$728,167
27.5%
$302
$357
17.9%
30
11
-63.3%
$853,500
$900,000
5.4%
6
6
0.0%
98.4%
98.8%
0.4%
Once an air force base, Lowry is now known for its green spaces, such as Sunset Park and Great Lawn Park, offering playground, meadows and summer concerts.
Boundaries: Quebec to Unita; Alameda to 11th
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
25.5%
THE MEADOWS January through March Average Price Average Price per Square Foot
The average days on market for the
Average Days on Market
neighborhood of The Meadows decreased by
Highest Price
25.5% January through March 2020 compared
Properties Sold
to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$455,570
$490,473
7.7%
$228
$225
-1.3%
51
38
-25.5%
$705,000
$750,000
6.4%
102
99
-2.9%
97.5%
98.6%
1.2%
Boundaries: N Meadows Drive to Coachline Road; Breezy Lane to Dairylide Street
MONTCLAIR January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$620,966
$633,662
2.0%
$432
$460
6.6%
44
32
-27.3%
$1,356,250
$1,140,000
-15.9%
26
21
-19.2%
95.4%
99.0%
3.7%
Boundaries: Holly to Quebec; 6th to Colfax
2701 S Simms Way, Lakewood
OBSERVATORY PARK Observatory Park, named
January through March
after the University of
Average Price
Denver’s Historic Chamberlin
Average Price per Square Foot
Observatory, is located o of
Average Days on Market
Evans just blocks from the
Highest Price
University of Denver.
Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,376,949
$1,421,782
3.3%
$452
$506
12.0%
81
50
-38.3%
$2,825,000
$2,870,000
1.6%
16
17
6.3%
93.0%
97.5%
4.9%
Boundaries: University to Colorado; Evans to Yale
coloradomicroreports.com
PARK HILL January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$708,689
$770,171
8.7%
$468
$465
-0.7%
40
35
-12.5%
$1,672,500
$1,419,000
-15.2%
37
34
-8.1%
95.3%
99.6%
4.4%
8.7%
The average price for the neighborhood of Park Hill increased by 8.7% January through
March 2020 compared to that of 2019.
Boundaries: Colfax to 26th; Colorado to Quebec
PLATT PARK January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$689,744
$746,835
8.3%
$545
$570
4.7%
21
36
71.4%
$1,370,000
$1,520,000
10.9%
18
20
11.1%
97.9%
99.0%
1.1%
Boundaries: Broadway to Downing; Louisiana to Evans
1865 S Emerson Street, Denver
POLO RESERVE January through March
2019
2020
% Change
Average Price
-
$1,400,000
-
This neighborhood is great
Average Price per Square Foot
-
$309
-
for residents who are
Average Days on Market
-
181
-
interested in equestrian
Highest Price
-
$1,400,000
-
riding and polo matches.
No Sales
1
-
-
93.4%
-
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
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
32.5%
PRADERA & TIMBERS January through March Average Price Average Price per Square Foot
The average days on market for the
Average Days on Market
neighborhoods of Pradera & Timbers decreased
Highest Price
by 32.5% January through March 2020 compared
Properties Sold
to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$993,833
$915,306
-7.9%
$243
$249
2.4%
126
85
-32.5%
$1,900,000
$1,625,000
-14.5%
13
26
100.0%
94.0%
96.2%
2.4%
Boundaries: Praders and Timbers Subdivisions in Parker
RINO January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$510,968
$563,573
10.3%
Known for its colorful murals,
$392
$418
6.6%
RiNo has several cocktail
75
44
-41.3%
lounges, brewpubs with patios
$1,150,000
$850,000
-26.1%
and late-night food trucks.
10
11
10.0%
94.9%
98.8%
4.1%
Boundaries: I-25 to York St; South of I-70; North of Park Ave; East of Lawrence St to 40th Avenue
83.3%
The number of properties sold in the neighborhood of Saddle Rock increased by 83.3% January through March 2020 compared to that of 2019.
SADDLE ROCK January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$668,936
$659,440
-1.4%
$226
$230
1.7%
70
78
11.4%
$875,000
$933,100
6.6%
12
22
83.3%
98.3%
97.9%
-0.4%
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 March
2019
2020
% Change
$654,321
$708,923
8.3%
$423
$509
20.5%
32
16
-50.0%
$1,075,000
$1,483,000
38.0%
14
20
42.9%
97.7%
98.8%
1.1%
Average Price 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
3317 W 26th Ave, Denver
42.9%
The number of properties sold in the
neighborhood of Southern Hills increased by 42.9% January through March 2020 compared to that of 2019.
SOUTHERN HILLS January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
$800,057
$701,040
-12.4%
$342
$454
32.7%
19
12
-36.8%
$1,225,000
$1,125,000
-8.2%
7
10
42.9%
98.1%
100.2%
2.2%
2019
2020
% Change
Located in Centennial,
$466,583
$497,743
6.7%
rated one of the safest
$285
$277
-2.8%
cities in Colorado,
29
21
-27.6%
Southlenn is surrounded
$525,000
$555,500
5.8%
by shops, resturants, and
6
14
133.3%
The Streets at Southglenn
98.0%
100.4%
2.4%
shopping mall.
January through March
Average Price per Square Foot Average Days on Market Highest Price
2020
Boundaries: University to Colorado; Yale to Hampden
SOUTHGLENN Average Price
2019
Properties Sold % Sold Price to List Price Boundaries:Colorado to University; Arapahoe to Dry Creek
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
SOUTHMOOR PARK January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$554,000
$525,512
-5.1%
$239
$244
2.3%
27
49
81.5%
$792,000
$735,000
-7.2%
7
18
157.1%
100.0%
96.6%
-3.4%
157.1% The number of properties sold in the
neighborhood of Southmoor Park increased by 157.1% January through March 2020 compared to that of 2019.
STAPLETON January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
% Change
$688,628
$738,198
7.2%
$324
$325
0.3%
28
33
17.9%
$1,350,000
$1,290,000
-4.4%
69
73
5.8%
98.9%
98.8%
-0.1%
Boundaries: Quebec to Havana; 23rd to 40th
6741 S Ivy Way #B3, Centennial
SUNNYSIDE January through March
7.3%
2019
2020
% Change
$573,883
$615,771
7.3%
$424
$465
9.5%
35
22
-37.1%
$1,150,000
$927,500
-19.3%
The average price for the neighborhood of
48
62
29.2%
Sunnyside increased by 7.3% January through
95.9%
98.8%
3.0%
March 2020 compared to that of 2019.
Average Price Average Price per Square Foot Average Days on Market Highest Price
2019
Properties Sold % Sold Price to List Price Boundaries: Federal Blvd to Inca St; W 38th Ave to I-70
coloradomicroreports.com
TALLYN’S REACH Tallyn’s Reach is known for
January through March
its beautiful surroundings.
Average Price
Here, 200-year-old
Average Price per Square Foot
Ponderosa Pines accentuate
Average Days on Market
the landscape from nearly
Highest Price
every vantage.
Properties Sold % Sold Price to List Price
2019
2020
% Change
$579,087
$612,659
5.8%
$220
$227
3.4%
89
52
-41.6%
$740,000
$925,000
25.0%
24
29
20.8%
95.6%
97.5%
2.0%
Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470
UPTOWN January through March Average Price
2020
% Change
$527,791
$572,570
8.5%
$399
$398
-0.3%
34
69
102.9%
The average price for the neighborhood of
$1,364,900
$1,817,500
33.2%
Uptown increased by 8.5% January through
29
30
3.4%
March 2020 compared to that of 2019.
96.1%
-2.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
8.5%
2019
98.4%
Boundaries:North of Colfax, East of Broadway, South of 20 , 20 & Park to 19 ; West of Josephine th
th
th
WASHINGTON PARK EAST January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
1041 S Gilpin Street, Denver
2019
2020
% Change
$1,268,101
$1,256,080
-0.9%
$585
$612
4.6%
48
42
-12.5%
$2,613,827
$3,150,000
20.5%
23
23
0.0%
92.7%
95.0%
2.5%
Boundaries: Louisiana to Ellsworth, Downing to University
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
WASHINGTON PARK WEST 2019
2020
% Change
Washington Park is a
$778,732
$820,481
5.4%
popular destination for
$489
$495
1.2%
outdoor recreation in
58
49
-15.5%
Denver with its many
$1,850,000
$1,447,000
-21.8%
running trails, bike paths,
28
26
-7.1%
yoga sports, and paddle
97.7%
95.7%
-2.0%
boarding areas.
January through March Average Price 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
WHY COLORADO? NATIONAL PARKS: 4
MOUNTAIN RANGES: 7
SKI AREAS & RESORTS: 28
AVERAGE DAYS OF SUNSHINE ANNUALLY: 300
CRAFT BREWERIES: 350+
coloradomicroreports.com
The life you love.
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.