MICROMARKET REPORT
DENVER METRO | Q3 2020
DENVER METRO NEIGHBORHOODS 1.
48
Ken Caryl Valley
7
2. Ken Caryl North Ranch
11
3. Lakewood
49
10
4. Belmar
44 34
6
47
35 33
14 15
5. Bow Mar/Bow Mar South
13
16
19
20
36
42
32
6. Sloan’s Lake
21
37
31
43
12
7. Berkeley
41
30 4
8. Polo Reserve
17 3
9. Columbine Valley
23
18
10. LoHi
22 29
28
11. Highlands 12. Baker
27
13. Golden Triangle 14. Downtown
50
15. Uptown
26
16. Denver (City)
5 25
17. Washington Park West
38
18. Platt Park
9
19. Capitol Hill
24
20. Cheesman
2
21. Country Club
1
39
8
45
40
46
22. Washington Park East Pictured on cover: 333 Milwaukee Street, Denver
23. Bonnie Brae/Belcaro 24. Southglenn 25. Greenwood Village West
32. Congress Park
39. Homestead
46. Saddle Rock Golf Club
26. Cherry Hills Village
33. City Park South
40. Heritage Greens
47. Jefferson Park
27. Southern Hills
34. City Park
41. Crestmoor
48. Sunnyside
28. Observatory Park
35. Park Hill
42. Montclair
49. RiNo
29. Cory-Merrill
36. Hale Mayfair
43. Lowry
50. Southmoor Park
30. Cherry Creek South/East
37. Hilltop
44. Stapleton
31. Cherry Creek North
38. Greenwood Village East
45. Tallyn’s Reach
coloradomicroreports.com
DENVER METRO MARKET UPDATE Combining the best of city and open space, it’s no wonder that Denver Metro is consistently ranked as one of the best cities to live in the nation. The Mile High City, and the colorful communities that surround it, provide its residents with all of the amenities, dining, and shopping options that are expected of an urban setting with the added bonus of being centrally located to endless outdoor adventures. With more than 200 city parks, miles of biking and walking trails, and easy access to the Rocky Mountains, Denver is a social distancing sanctuary – making it a hot spot for homebuyers looking to invest in a new place to call home. LIV Sotheby’s International Realty reports on the Denver Metro real estate market, which is sectioned into 50 unique neighborhoods. When comparing the Q3 performance of 2020 to that of 2019, sold listings have increased by 2.4%, which illustrates the consumers’ desire to purchase homes in Colorado’s capital city and surrounding communities. The average sold price for single family homes through Q3 showed an upward trend, growing by 6.6.%, bringing the average sold price to $562,917. The average sold price for attached residences rose by 3.3%, making the average sold price $372,918. As a result of these price increases paired with the rise in listings sold, the overall total dollar volume sold rose by 0.5% through Q3 when the total reached $19,752,971,957 compared January through September 2019 2020 % Change to last year when the total sale volume reached New Listings 53,919 51,899 -3.7% $19,649,402,461.
DENVER METRO
Within the 50 neighborhoods that make up Denver Metro, many neighborhoods experienced noteworthy activity through Q3 of 2020. Properties in Greenwood Village under one acre saw an impressive increase in listings sold, growing by 81.1%. Through Q3 of this year, there were 67 homes sold in this community compared to the same time frame in 2019 when there were 37 homes sold. City Park, a neighborhood popular for its location near downtown Denver and the green space of City Park, also saw an increase in properties sold, growing by 35.4%.
Sold Listings (All Properties)
41,051
42,055
2.4%
Sold Single Family
28,855
29,565
2.5%
Sold Attached
12,263
12,490
1.9%
29
26
-10.3%
$528,144
$562,917
6.6%
$360,986
$372,918
3.3%
99.0%
100.0%
1.0%
$19,649,402,461
$19,752,971,957
0.5%
Average Days on Market Average Price (Single Family) Averge Price (Attached) % Sold Price to Original List Price Total Dollar Volume Sold
Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson Attached Dwellings Include: Condos, Townhomes, and Duplexes
Average home prices in the City of Denver grew by 1.3% through Q3 of this year in comparison to the same time period last year. The average price of homes in this area was $548,153 during January through September. Properties over one acre in Cherry Hills Village saw the most significant increase in average price, rising by 25.7%. The average price of homes set on over one acre in Cherry Hills Village through Q3 was $3,286,691. Thanks to the demand for properties in Denver Metro, the days on market for all neighborhoods decreased by 10.3%, dropping from 29 days to 26 days. Out of the 57 neighborhoods that makeup Denver Metro, Sloan’s Lake saw the most dramatic decrease, falling from an average of 51 days on market to just 18 days – a 64.7% difference. Denver Metro caters to a variety of lifestyles, from urbanites to outdoor enthusiasts, and everything in between. As more consumers decide to make the Mile High City their home, the real estate market will continue to thrive. Here, both buyers and sellers can reach their lifestyle and financial goals in the housing market. 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 - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
DENVER (CITY)
5.8%
January through September
2019
2020
% Change
$540,932
$548,153
1.3%
$357
$378
5.8%
45
44
-2.2%
$10,750,000
$4,625,000
-57.0%
Properties Sold
10,916
11,048
1.2%
% Sold Price to List Price
96.8%
97.6%
0.8%
Average Price Average Price per Square Foot Average Days on Market
The average price per square foot for the City
Highest Price
of Denver increased by 5.8% January through September 2020 compared to that of 2019.
Boundaries: City of Denver
BAKER January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$515,221
$532,639
3.4%
$407
$415
2.0%
27
21
-22.2%
$875,000
$802,600
-8.3%
103
114
10.7%
98.0%
99.2%
1.2%
Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway
37.7%
430 Delaware Street, Denver
BELMAR January through September Average Price Average Price per Square Foot Average Days on Market
The highest price in the neighborhood of Belmar
Highest Price
increased by 37.7% January through September
Properties Sold
2020 compared to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$435,776
$489,521
12.3%
$278
$292
5.0%
46
41
-10.9%
$799,000
$1,100,000
37.7%
40
33
-17.5%
97.2%
97.9%
0.7%
Boundaries: Kentucky to Alameda; Wadsworth to Pierce
coloradomicroreports.com
BERKELEY January through September Average Price
2019
2020
% Change
$640,393
$678,404
5.9%
$516
$508
-1.6%
22
23
4.5%
$1,375,000
$1,515,000
10.2%
131
136
3.8%
98.2%
99.2%
1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
5.9% The average price in the neighborhood of Berkeley increased by 5.9% January through September 2020 compared to that of 2019.
Boundaries: W 38th Ave to I-70; Sheridan to Federal
BONNIE BRAE/BELCARO January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,267,765
$1,157,331
-8.7%
$576
$577
0.3%
41
37
-9.8%
$4,875,000
$3,100,000
-36.4%
50
51
2.0%
95.4%
95.8%
0.4%
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
975 S Steele Street, Denver
BOW MAR/BOW MAR SOUTH January through September Average Price
2020
% Change
$1,597,855
$1,404,926
-12.1%
$432
$462
6.9%
66
37
-43.9%
The average days on market in the neighborhood
$3,250,000
$2,922,800
-10.1%
of Bow Mar/Bow Mar South decreased by 43.9%
14
19
35.7%
January through September 2020 compared to that
92.9%
95.5%
2.8%
of 2019.
Average Price per Square Foot Average Days on Market Highest Price
43.9%
2019
Properties Sold % Sold Price to List Price Boundaries: West Quincy Avenue to West Bowles Avenue
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
CAPITOL HILL January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$369,783
$373,437
1.0%
$369
$375
1.6%
33
35
6.1%
$3,056,000
$1,925,000
-37.0%
297
259
-12.8%
97.0%
97.1%
0.1%
Boundaries: Broadway to Downing; 6th Avenue to Colfax
700 Washington Street # 909, Denver
CHEESMAN January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$515,942
$521,019
1.0%
$396
$396
0.0%
37
46
24.3%
$4,350,000
$2,400,000
-44.8%
156
122
-21.8%
98.7%
96.5%
-2.3%
Cheesman is one of the oldest neighborhoods in Denver and was originally developed with mostly large mansions that still stand to this day.
Boundaries: York to Downing; Colfax to 8th Avenue
CHERRY CREEK EAST & SOUTH January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
237 Harrison Street, Denver
2019
2020
% Change
$693,476
$823,472
18.7%
$411
$417
1.3%
60
44
-26.7%
$2,100,000
$3,850,000
83.3%
104
96
-7.7%
96.2%
95.9%
-0.3%
Boundaries: University to Colorado; Alameda to 1st Avenue
coloradomicroreports.com
CHERRY CREEK NORTH January through September* Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,380,599
$1,190,729
-13.8%
$624
$589
-5.7%
75
46
-38.7%
$6,742,620
$3,425,000
-49.2%
135
131
-3.0%
95.2%
95.3%
0.1%
Boundaries: York to Colorado; 1st Avenue to 6th Avenue * Large construction completed in 2019 effecting these statistics.
475 Madison Street, Denver
CHERRY HILLS VILLAGE January through September
Home to the Cherry Hills
Average Price
Country Club, which
Average Price per Square Foot
has hosted two PGA
Average Days on Market
Championships, this
Highest Price
neighborhood is home to
Properties Sold
many beautiful properties.
% Sold Price to List Price
2019
2020
% Change
$1,958,240
$1,886,974
-3.6%
$446
$484
8.5%
42
31
-26.2%
$3,689,000
$5,500,000
49.1%
45
50
11.1%
93.7%
96.1%
2.6%
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
CHERRY HILLS VILLAGE January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$2,614,861
$3,286,691
25.7%
$481
$551
14.6%
69
92
33.3%
$8,200,000
$9,000,000
9.8%
36
41
13.9%
91.9%
92.3%
0.4%
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
45 Sunset Drive, Cherry Hills Village
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
CITY PARK One of Denver’s most
January through September
popular destinations,
Average Price
City Park is home to
Average Price per Square Foot
historical monuments,
Average Days on Market
two lakes, picnic sites,
Highest Price
playgrounds, and sweeping
Properties Sold
views of the city’s skyline.
% Sold Price to List Price
2019
2020
% Change
$623,168
$667,511
7.1%
$413
$415
0.5%
31
22
-29.0%
$1,219,000
$1,347,500
10.5%
48
65
35.4%
99.4%
100.7%
1.3%
Boundaries: Downing to York; 18 to Martin Luther King th
CITY PARK SOUTH January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$700,236
$695,695
-0.6%
$479
$491
2.5%
11
8
-27.3%
$1,049,900
$1,097,000
4.5%
11
14
27.3%
97.4%
99.8%
2.5%
4.5% The highest price in the neighborhood of City Park South increased by 4.5% January through September 2020 compared to that of 2019.
Boundaries: York to Colorado; Colfax to 17th
COLUMBINE VALLEY
Named after the state flower, Columbine Valley offers residents an attractive tree-lined
January through September Average Price Average Price per Square Foot
neighborhood with spacious
Average Days on Market
lawns, expansive views, a
Highest Price
nearby golf course, and a
Properties Sold
variety of community events
% Sold Price to List Price
and activities.
2019
2020
% Change
$1,378,063
$1,391,993
1.0%
$426
$433
1.5%
62
52
-16.1%
$2,725,000
$3,700,000
35.8%
19
31
63.2%
98.5%
97.7%
-0.8%
Boundaries: South Polo Ridge Drive to West Bowles; Platte Canyon Road to South Platte River
coloradomicroreports.com
CONGRESS PARK January through September
2019
2020
% Change
$631,881
$636,621
0.8%
$458
$452
-1.3%
29
29
0.0%
$2,285,000
$2,750,000
20.4%
141
156
10.6%
96.7%
97.8%
1.1%
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
10.6%
The number of properties sold in the neighborhood of Congress Park increased by 10.6% January through September 2020 compared to that of 2019.
Boundaries: York to Colorado; 6th Avenue to Colfax
CORY-MERRILL January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
1545 S Milwaukee Street, Denver
2019
2020
% Change
$926,637
$889,439
-4.0%
$469
$510
8.7%
36
31
-13.9%
$1,790,000
$2,050,000
14.5%
91
83
-8.8%
96.1%
97.0%
0.9%
Boundaries: South University Blvd to South Colorado Blvd; 1-25 to East Mississippi Ave
COUNTRY CLUB January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
Country Club includes
$2,907,592
$2,542,250
-12.6%
architectural influences
$684
$669
-2.2%
from Colonial, French
66
71
7.6%
Chateau, Tudor, Santa Fe,
$5,650,000
$4,625,000
-18.1%
and Georgian, to remarkable
13
12
-7.7%
Denver Squares and distinct
93.6%
92.2%
-1.5%
Victorians.
Boundaries: University to Downing 1st - 4th; Race to University 4th - 6th
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
CRESTMOOR January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,621,985
$1,601,626
-1.3%
$545
$493
-9.6%
21
27
28.6%
$3,235,000
$3,250,000
0.5%
19
27
42.1%
98.1%
97.9%
-0.3%
Boundaries: Holly to Monaco; Bayaud to 6th Avenue
119 Krameria Street, Denver
DOWNTOWN January through September Average Price Average Price per Square Foot
2019
2020
% Change
Downtown Denver is a hub
$713,973
$614,681
-13.9%
for world-class attractions
$515
$509
-1.1%
like the Denver Performing
53
55
3.8%
Arts Complex, Coors Field,
$10,750,000
$3,300,000
-69.3%
and 16th Street Mall, as well
360
341
-5.3%
as charming hotels, shops,
97.0%
96.5%
-0.5%
and upscale restaurants.
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
(Attached Dwellings) Boundaries: Downtown Denver MLS Area
GOLDEN TRIANGLE January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
475 W 12th Avenue #16D, Denver
2019
2020
% Change
$645,067
$564,395
-12.5%
$409
$391
-4.5%
65
47
-27.7%
$1,475,000
$117,678
-92.0%
21
23
9.5%
95.1%
97.6%
2.6%
Boundaries: North Speer Blvd to Broadway; Colfax to 7th
coloradomicroreports.com
GREENWOOD VILLAGE EAST January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
57.5%
2019
2020
% Change
$1,171,114
$1,214,254
3.7%
$376
$343
-9.0%
73
31
-57.5%
The average days on market in the neighborhood of
$1,995,000
$2,119,350
6.2%
Greenwood Village East decreased by 57.5% January
45
41
-8.9%
through September 2020 compared to that of 2019.
95.9%
98.1%
2.3%
Boundaries: I-25 to Havana; Belleview to Orchard
GREENWOOD VILLAGE WEST January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
5437 S Oneida Way, Greenwood Village
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
% Change
$1,767,536
$1,822,663
3.1%
$409
$457
11.8%
56
41
-26.8%
$3,100,000
$3,500,000
12.9%
37
67
81.1%
95.9%
95.9%
0.0%
(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
GREENWOOD VILLAGE WEST January through September
2019
14.0%
2019
2020
% Change
$2,012,094
$2,066,631
2.7%
$402
$458
14.0%
66
44
-33.3%
$3,500,000
$3,500,000
0.0%
neighborhood of Greenwood Village West
16
8
-50.0%
increased by 14.0% January through September
92.1%
92.3%
0.3%
2020 compared to that of 2019.
The average price per square foot in the
(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
HALE MAYFAIR
Within Hale Mayfair, you
January through September
will find a variety of large
Average Price
Victorian homes (some
Average Price per Square Foot
restored to the original
Average Days on Market
condition), Tudors, Denver
Highest Price
Squares, Bungalows and
Properties Sold
Ranch-Style homes.
% Sold Price to List Price
2019
2020
% Change
$719,489
$707,342
-1.7%
$500
$514
2.8%
23
19
-17.4%
$2,255,000
$2,372,000
5.2%
80
71
-11.3%
97.6%
99.7%
2.2%
Boundaries: Colorado to Holly; 6th to Colfax
HERITAGE GREENS January through September Average Price Average Price per Square Foot
2019
2020
% Change
$886,602
$882,173
-0.5%
$276
$307
11.3%
33
17
-48.5%
$1,625,000
$1,266,000
-22.1%
22
25
13.6%
98.2%
99.3%
1.1%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
48.5%
The average days on market in the neighborhood of Heritage Greens decreased by 48.5% January through September 2020 compared to that of 2019.
Boundaries: Dry Creek to County Line; Colorado Blvd to Holly
HIGHLANDS January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
3045 W 39th Avenue, Denver
2019
2020
% Change
$698,097
$699,039
0.1%
$458
$494
7.9%
50
36
-28.0%
$2,300,000
$2,500,000
8.7%
236
262
11.0%
96.5%
97.5%
1.0%
Boundaries: W 38th Avenue to Speer Blvd; S Platte River to Federal Blvd
coloradomicroreports.com
HILLTOP January through September Average Price
2019
2020
% Change
$1,403,181
$1,600,035
14.0%
$456
$522
14.4%
47
51
8.5%
$3,250,000
$3,500,000
7.7%
74
72
-2.7%
94.3%
94.5%
0.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Alameda to 6th; Colorado to Holly
265 Kearney Street, Denver
HOMESTEAD
Not only does Homestead
January through September
have great schools nearby,
Average Price
but its location is one of the
Average Price per Square Foot
best around. The area is
Average Days on Market
minutes away from I-25, and
Highest Price
a short, 12-minute commute
Properties Sold
from the Denver Tech
% Sold Price to List Price
Center.
2019
2020
% Change
$530,394
$571,152
7.7%
$302
$313
3.7%
34
18
-47.1%
$1,225,000
$1,175,000
-4.1%
80
96
20.0%
96.7%
99.6%
3.0%
Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
JEFFERSON PARK January through September Average Price
2019
2020
% Change
$571,158
$557,463
-2.4%
$412
$412
-0.1%
51
37
-27.5%
$1,170,000
$3,100,000
165.0%
98
143
45.9%
96.9%
97.8%
0.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Boundaries: Federal Blvd to S Platte River; South of 29 Ave & Speer Blvd, North of Mile High Stadium th
2851 W 23rd Avenue, Denver
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
36.4% The number of properties sold in the neighborhood
KEN-CARYL NORTH RANCH January through September Average Price Average Price per Square Foot Average Days on Market Highest Price
of Ken-Caryl North Ranch increased by 36.4% January through September 2020 compared to that
Properties Sold % Sold Price to List Price
of 2019.
2019
2020
% Change
$1,070,973
$1,132,365
5.7%
$307
$310
1.0%
54
59
9.3%
$1,385,000
$1,575,000
13.7%
11
15
36.4%
93.5%
95.0%
1.6%
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
KEN-CARYL VALLEY January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$836,134
$843,052
0.8%
$291
$321
10.3%
30
29
-3.3%
$2,700,000
$1,425,000
-47.2%
49
50
2.0%
96.7%
97.6%
1.0%
This scenic retreat is located behind South Jefferson County, and is surrounded by the Dakota Hogback and the Foothills.
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Carly Ave
LAKEWOOD January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
11362 W Baltic Court, Lakewood
2019
2020
% Change
$503,373
$530,259
5.3%
$308
$327
6.3%
27
31
14.8%
$2,425,000
$2,350,000
-3.1%
1,199
1,215
1.3%
98.3%
99.1%
0.8%
Boundaries: City of Lakewood
coloradomicroreports.com
LOHI January through September Average Price Average Price per Square Foot
2019
2020
% Change
$720,469
$718,447
-0.3%
$449
$490
9.2%
39
37
-5.1%
$2,300,000
$2,500,000
8.7%
169
202
19.5%
96.3%
97.3%
1.1%
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
3135 Zuni Street, Denver
LOWRY
What used to be the Lowry January through September
Air Force Base now lies a redeveloped community
Average Price
with over 800 acres of
Average Price per Square Foot
parks and open space and
Average Days on Market
3,000 single family homes,
Highest Price
duplexes, condos and
Properties Sold
apartments.
% Sold Price to List Price
2019
2020
% Change
$813,792
$785,110
-3.5%
$324
$334
3.2%
25
30
20.0%
$1,850,000
$1,650,000
-10.8%
38
42
10.5%
97.6%
98.0%
0.4%
Boundaries: Quebec to Unita; Alameda to 11th
MONTCLAIR January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Holly to Quebec; 6th to Colfax
2019
2020
% Change
$651,584
$754,512
15.8%
$435
$486
11.7%
35
29
-17.1%
$1,600,000
$1,699,000
6.2%
108
96
-11.1%
96.7%
98.6%
1.9%
640 Oneida Street, Denver
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
OBSERVATORY PARK January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,291,118
$1,463,050
13.3%
$469
$475
1.3%
60
40
-33.3%
$2,825,000
$2,870,000
1.6%
76
64
-15.8%
97.5%
95.5%
-2.0%
Boundaries: University to Colorado; Evans to Yale
2472 S Josephine Street, Denver
PARK HILL January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$785,338
$791,781
0.8%
$479
$496
3.5%
29
25
-13.8%
$2,920,000
$2,250,000
-22.9%
157
171
8.9%
97.2%
98.8%
1.7%
8.9%
The number of properties sold in the neighborhood of Park Hill increased by 8.9% January through September 2020 compared to that of 2019.
Boundaries: Colfax to 26th; Colorado to Quebec
PLATT PARK January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$723,684
$814,885
12.6%
$561
$568
1.2%
19
19
0.0%
$1,957,422
$1,970,000
0.6%
83
92
10.8%
98.6%
99.4%
0.8%
Boundaries: Broadway to Downing; Louisiana to Evans
1616 S Broadway #318, Denver
coloradomicroreports.com
POLO RESERVE January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
48.5%
2019
2020
% Change
$2,375,000
$2,165,660
-8.8%
$347
$431
24.2%
130
67
-48.5%
$3,300,000
$3,700,000
12.1%
The average days on market in the neighborhood of
2
5
150.0%
Polo Reserve decreased by 48.5% January through
87.4%
94.4%
8.0%
September 2020 compared to that of 2019.
Boundaries: North of Mineral; South of Arabian Place; West of the S Platte River; East of S. Platte Canyon Road
RINO January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
SLOAN’S LAKE Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
% Change
$532,999
$477,154
-10.5%
$418
$426
1.7%
53
29
-45.3%
$1,150,000
$850,000
-26.1%
49
56
14.3%
96.9%
97.7%
0.8%
Boundaries: I-25 to York St; South of I-70; North of Park Ave; East of Lawrence St to 40th Avenue
3402 Larimer Street #109, Denver
January through September
2019
2019
2020
% Change
$716,671
$757,095
5.6%
$454
$524
15.3%
51
18
-64.7%
$2,252,500
$2,000,000
-11.2%
106
105
-0.9%
98.4%
99.7%
1.3%
64.7%
The average days on market in the neighborhood of Sloan’s Lake decreased by 64.7% January through September 2020 compared to that of 2019.
Boundaries:Colfax to 29th; Sheridan to Federal
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
45.9% The number of properties sold in the neighborhood of Southern Hills increased by 45.9% January through September 2020 compared to that of 2019.
SOUTHERN HILLS January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$816,488
$795,248
-2.6%
$441
$443
0.4%
18
15
-16.7%
$3,325,000
$1,925,000
-42.1%
37
54
45.9%
97.9%
100.0%
2.2%
Boundaries: University to Colorado; Yale to Hampden
SOUTHGLENN 2019
2020
% Change
Located in Centennial and
$468,416
$498,024
6.3%
rated one of the safest
$282
$265
-6.0%
cities in Colorado,
18
18
0.0%
Southglenn is surrounded
$560,000
$625,000
11.6%
31
44
41.9%
97.8%
99.8%
2.0%
January through September 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
6.6%
SOUTHMOOR PARK January through September Average Price Average Price per Square Foot Average Days on Market
The average price in the neighborhood of
Highest Price
Southmoor Park increased by 6.6% January
Properties Sold
through September 2020 compared to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$553,412
$590,059
6.6%
$257
$279
8.4%
26
30
15.4%
$837,500
$880,000
5.1%
42
60
42.9%
97.5%
97.7%
0.3%
coloradomicroreports.com
STAPLETON January through September Average Price Average Price per Square Foot
2019
2020
% Change
$702,055
$756,062
7.7%
$325
$336
3.4%
23
23
0.0%
$1,350,000
$1,530,000
13.3%
300
324
8.0%
99.4%
98.8%
-0.6%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Quebec to Havana; 23rd to 40th
3031 Trenton Street, Denver
4.6%
The average price per square foot in the neighborhood of Sunnyside increased by 4.6% January through September 2020 compared to that of 2019.
SUNNYSIDE January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$566,730
$590,011
4.1%
$452
$473
4.6%
28
26
-7.1%
$1,150,000
$1,100,000
-4.3%
216
231
6.9%
97.9%
98.2%
0.4%
Boundaries: Federal Blvd to Inca St; W 38th Ave to I-70
TALLYN’S REACH January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$586,798
$616,951
5.1%
$217
$235
8.2%
56
30
-46.4%
$1,200,000
$945,000
-21.3%
91
115
26.4%
96.5%
98.3%
1.9%
Tallyn’s Reach is known for its beautiful surroundings. Here, 200-year-old Ponderosa Pines accentuate the landscape from nearly every vantage point.
Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
UPTOWN
East of Downtown and just north of Capitol Hill
January through September
rests Denver’s Uptown—a
Average Price
vibrant urban area prized
Average Price per Square Foot
for its sports bars, black
Average Days on Market
box theaters, and delightful
Highest Price
mix of traditional and
Properties Sold
inventive culinary fare lining
% Sold Price to List Price
17th Avenue—aptly named
2019
2020
% Change
$484,534
$509,570
5.2%
$385
$418
8.5%
26
36
38.5%
$1,364,900
$1,450,000
6.2%
115
102
-11.3%
98.4%
97.3%
-1.2%
Boundaries:North of Colfax, East of Broadway, South of 20th, 20th & Park to 19th; West of Josephine
“Restaurant Row.”
WASHINGTON PARK EAST January through September Average Price
2019
2020
% Change
$1,420,486
$1,476,247
3.9%
$602
$656
8.9%
38
36
-5.3%
$5,611,000
$3,425,000
-39.0%
92
117
27.2%
95.7%
96.9%
1.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Louisiana to Ellsworth, Downing to University
10.3%
566 S York Street, Denver
WASHINGTON PARK WEST January through September Average Price Average Price per Square Foot
The average price per square foot for the
Average Days on Market
neighborhood of Washington Park West increased
Highest Price
by 10.3% January through September 2020
Properties Sold
compared to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$721,218
$833,179
15.5%
$492
$543
10.3%
30
25
-16.7%
$1,850,000
$1,635,000
-11.6%
123
106
-13.8%
97.8%
99.2%
1.5%
Boundaries:Louisiana to Ellsworth; Broadway to Downing
coloradomicroreports.com
(WEST) HIGHLANDS January through September
2020
% Change
$668,605
$703,329
5.2%
$498
$529
6.3%
34
20
-41.2%
$1,900,000
$1,900,000
0.0%
168
194
15.5%
bars, and trendsetting
98.1%
99.3%
1.2%
restaurants.
Average Price Average Price per Square Foot Average Days on Market Highest Price
Overlooking downtown
2019
Properties Sold % Sold Price to List Price
Denver, the Highlands is a bustling residential neighborhood featuring avenues lined with elegant old homes, chic cocktail
Boundaries: 38th Avenue; Federal to Sheridan
WHY COLORADO? NATIONAL PARKS: 4
MOUNTAIN RANGES: 7
SKI AREAS & RESORTS: 28
AVERAGE DAYS OF SUNSHINE ANNUALLY: 300
CRAFT BREWERIES: 350+
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • 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.