MICROMARKET REPORT
DENVER METRO | YEAR END 2019
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
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 5 26
39
9 25 2
8
54
40
53
41
1
24
46
47 48 52
49
50
51
29. Observatory Park Pictured on cover: 950 S Steele Street, Denver
coloradomicroreports.com
DENVER METRO MARKET UPDATE Denver Metro is a hub for urban adventures, budding and booming businesses, nature lovers, city slickers, and everyone in between. Since it has a little something for everyone, it’s no wonder Denver was named the second-best city to live in within the U.S. by U.S. News. The unique assets of Denver Metro have attracted people from across the county and across the world to migrate to the Mile High City, creating a favorable environment for home buying and selling. LIV Sotheby’s International Realty (LIV SIR) reports on the Denver Metro real estate market, sectioning into 57 neighborhoods. Collectively, comparing the year-end results of 2019 to that of 2018, new listings increased by 3.8%. The number of new listings that came onto the market during 2019 totaled 64,542, compared January through December 2018 2019 % Change to 2018 when the total new listings amounted New Listings 62,203 64,542 3.8% to 62,203. These additional new listings likely Sold Listings (All Properties) 51,498 53,841 4.5% contributed to the 7.8% rise in total dollar Sold Single Family 36,227 37,932 4.7% volume sold throughout the course of 2019. Average Price Single Family $509,433 $523,375 2.7% These metrics illustrate the health of the Sold Attached Dwellings 15,271 15,909 4.2% market as we reflect on 2019 and continue into Average Price Attached Dwellings $346,806 $361,506 4.2% 2020.
DENVER METRO
Average Days on Market
26
32
23.1%
% Sold Price to Original List Price 98.8% 97.7% -1.1% Within the 57 neighborhoods that make up Total Dollar Volume Sold 23,858,388,304 25,721,347,382 7.8% Denver Metro, there were specific market changes that should be noted. Cherry Creek Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson Attached Dwellings Include: Condos, Townhomes, and Duplexes North, a community loved for its proximity to the amenities of downtown Denver while maintaining a quiet residential reputation, saw an impressive 47.8% increase in properties sold in 2019 as compared to 2018. The average days on market for the Golden Triangle neighborhood dropped dramatically by 85.8% from 430 days in 2018 to just 61 days in 2019. Further south, average home prices in Lone Tree have grown 28.2% since last year. The average price for a home in 2019 was $873,140. Overall, there are plenty of opportunities throughout Denver Metro for sellers to reap the most dollars out of their investment in a home, as prices in many micro markets are steadily increasing.
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 - DECEMBER 2019 • COLORADOMICROREPORTS.COM
DENVER (CITY) January through December
2018
2019
% Change
$504,124
$547,555
8.6%
352
360
2.3%
25
32
28.0%
$4,975,000
$10,750,000.00
116.1%
Properties Sold
13,789
14,308
3.8%
% Sold Price to List Price
98.5%
96.8%
-1.7%
Average Price Average Price per Square Foot Average Days on Market Highest Price
Boundaries: City of Denver
40 Polo Club Circle, Denver
BAKER January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
Baker received historic
$489,227
$513,353
4.9%
district designation by the
$405
$408
0.7%
City of Denver in 2000, and
47
72
53.2%
is lined with 19th century
$1,680,000
$1,020,000
-39.3%
brick houses and charming
127
144
13.4%
local restaurants and
99.5%
97.8%
-1.7%
businesses.
Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway
6.0%
The average price for the neighborhood of Bell Mountain Ranch increased by 6.0% January through December 2019
compared to that of 2018.
BELL MOUNTAIN RANCH January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$872,729
$924,975
6.0%
$313
$346
10.5%
158
102
-35.4%
$1,400,000
$1,695,000
21.1%
24
20
-16.7%
95.2%
96.7%
1.6%
Boundaries: I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle
coloradomicroreports.com
BELMAR January through December Average Price
2019
% Change
$406,697
$454,893
11.9%
$284
$287
1.1%
20
43
115.0%
$1,125,000
$1,100,000
-2.2%
The average price for the neighborhood of
43
56
30.2%
Belmar increased by 11.9% January through
98.9%
97.1%
-1.8%
December 2019 compared to that of 2018.
Average Price per Square Foot Average Days on Market Highest Price
11.9%
2018
Properties Sold % Sold Price to List Price Boundaries: Kentucky to Alameda; Wadsworth to Pierce
BERKELEY January through December
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
2018
2019
% Change
$611,934
$638,662
4.4%
$457
$505
10.5%
18
25
38.9%
$1,586,000
$1,375,000
-13.3%
170
169
-0.6%
98.5%
97.6%
-0.9%
Boundaries: W 38th Ave to I-70; Sheridan to Federal
BONNIE BRAE/BELCARO January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,283,980
$1,250,598
-2.6%
$538
$570
5.9%
43
47
9.3%
$3,097,000
$4,875,000
57.4%
70
70
0.0%
97.4%
95.4%
-2.1%
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
950 S Steele Street, Denver
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM
20.0% The number of properties sold in
the neighborhood of Bow Mar/Bow Mar South increased by 20.0% January through December 2019 compared to that of 2018.
BOW MAR/BOW MAR SOUTH January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,486,267
$1,453,832
-2.2%
$465
$414
-11.0%
50
52
4.0%
$2,671,500
$3,250,000
21.7%
15
18
20.0%
97.2%
94.7%
-2.6%
Boundaries: West Quincy Avenue to West Bowles Avenue
CAPITOL HILL January through December Average Price
2019
% Change
$381,506
$364,328
-4.5%
$373
$368
-1.3%
36
34
-5.6%
$3,100,000
$3,056,000
-1.4%
the neighborhood of Capitol Hill decreased
418
376
-10.0%
by 5.6% January through December 2019
98.3%
96.8%
-1.5%
compared to that of 2018.
Average Price per Square Foot Average Days on Market Highest Price
5.6%
2018
Properties Sold % Sold Price to List Price
The average days on market in
Boundaries: Broadway to Downing; 6th Avenue to Colfax
CASTLE PINES January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
1102 Forest Trails Drive, Castle Pines
2018
2019
% Change
$743,306
$729,616
-1.8%
$250
$258
3.2%
59
53
-10.2%
$2,700,000
$2,400,000
-11.1%
214
228
6.5%
97.0%
96.5%
-0.5%
Boundaries: Country Club Parkway to Coyote Park; Daniels Park to Yorkshire
coloradomicroreports.com
THE VILLAGE AT CASTLE PINES January through December Average Price
2019
% Change
$1,237,263
$1,250,943
1.1%
$348
$374
7.5%
145
93
-35.9%
The average price per square foot for the
$4,300,000
$2,675,000
-37.8%
neighborhood of The Village at Castle Pines
125
121
-3.2%
increased by 7.5% January through December
94.0%
95.0%
1.1%
2019 compared to that of 2018.
Average Price per Square Foot Average Days on Market Highest Price
7.5%
2018
Properties Sold % Sold Price to List Price
Boundaries: US 85 & Copper Blush to Northwood; Daniels Park to Gate 5, Country Club to I-25
CHEESMAN
26.5%
January through December Average Price Average Price per Square Foot Average Days on Market
The number of properties sold in
Highest Price
the neighborhood of Cheesman increased
Properties Sold
by 26.5% January through December 2019
% Sold Price to List Price
compared to that of 2018.
2018
2019
% Change
$508,620
$501,555
-1.4%
$384
$393
2.3%
25
36
44.0%
$3,380,000
$4,350,000
28.7%
147
186
26.5%
98.6%
97.0%
-1.7%
Boundaries: York to Downing; Colfax to 8th Avenue
CHERRY CREEK NORTH January through December Average Price
2018
2019
% Change
$1,073,966
$1,406,907
31.0%
$507
$646
27.4%
75
65
-13.3%
$3,650,000
$6,742,620
84.7%
134
198
47.8%
94.1%
95.3%
1.3%
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
425 Monroe Street, Denver
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM
CHERRY CREEK EAST & SOUTH January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$687,704
$696,136
1.2%
$394
$406
3.2%
63
59
-6.3%
$3,250,000
$2,745,000
-15.5%
125
135
8.0%
96.0%
96.0%
0.0%
Boundaries: University to Colorado; Alameda to 1 Avenue st
555 Clayton Street, Denver
CHERRY HILLS VILLAGE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,717,832
$1,878,708
9.4%
Cherry Hills Village, located
$417
$445
6.7%
just south of Denver, was
69
62
-10.1%
named for the cherry
$3,962,500
$3,689,000
-6.9%
tree groves that lined the
71
66
-7.0%
original town site.
93.0%
93.0%
0.0%
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
CHERRY HILLS VILLAGE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
6 Churchill Drive, Cherry Hills Village
2018
2019
% Change
$2,910,587
$3,060,511
5.2%
$503
$498
-0.9%
139
99
-28.8%
$7,500,000
$11,525,000
53.7%
46
45
-2.2%
88.9%
91.3%
2.7%
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
coloradomicroreports.com
CITY PARK January through December Average Price
2018
2019
% Change
$610,623
$623,057
2.0%
$396
$402
1.5%
17
35
105.9%
$1,250,000
$1,219,000
-2.5%
105
72
-31.4%
99.7%
97.8%
-1.9%
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
1822 Race Street, Denver
CITY PARK SOUTH
One of Denver’s most
January through December
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
2018
2019
% Change
$754,409
$700,236
-7.2%
$507
$479
-5.5%
16
11
-31.3%
$1,100,000
$1,049,900
-4.6%
11
11
0.0%
97.4%
97.4%
0.1%
Boundaries: York to Colorado; Colfax to 17th
COLUMBINE VALLEY January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,196,003
$1,328,756
11.1%
$389
$408
4.8%
148
68
-54.1%
$2,590,000
$2,725,000
5.2%
31
23
-25.8%
95.9%
97.0%
1.1%
Boundaries: South Polo Ridge Drive to West Bowles; Platte Canyon Road to South Platte River
5900 S Watson Lane, Littleton
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM
CONGRESS PARK January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$591,170
$640,775
8.4%
$429
$456
6.2%
19
31
63.2%
$1,760,000
$2,300,000
30.7%
208
177
-14.9%
99.2%
96.7%
-2.6%
Boundaries: York to Colorado; 6 Avenue to Colfax th
1489 Steele Street Unit #120, Denver
CORY-MERRILL January through December 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 2018
2019
% Change
and Louise A. Merrill, two
$880,892
$918,259
4.2%
influential Denver educators,
$469
$471
0.4%
Cory-Merrill neighborhood
48
52
8.3%
was founded in 1859 to be a
$1,750,000
$1,800,000
2.9%
dry town because its citizens
106
121
14.2%
didn’t like the saloons that
96.6%
95.6%
-1.0%
had taken over Denver.
Boundaries: South University Blvd to South Colorado Blvd; 1-25 to East Mississippi Ave
COUNTRY CLUB January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
102 N Gilpin Street, Denver
2018
2019
% Change
$2,849,696
$2,716,913
-4.7%
$684
$655
-4.2%
77
77
0.0%
$5,668,830
$5,650,000
-0.3%
21
15
-28.6%
93.9%
92.8%
-1.1%
Boundaries: University to Downing 1st - 4th; Race to University 4th - 6th
coloradomicroreports.com
CRESTMOOR January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,421,287
$1,486,677
4.6%
$455
$512
12.4%
34
33
-2.9%
$3,550,665
$3,235,000
-8.9%
40
30
-25.0%
97.5%
97.6%
0.1%
Boundaries: Holly to Monaco; Bayaud to 6 Avenue th
250 Jasmine Street, Denver
14.8%
DOWNTOWN January through December Average Price Average Price per Square Foot
The average price for Downtown increased
Average Days on Market
by 14.8% January through December 2019
Highest Price
compared to that of 2018.
Properties Sold % Sold Price to List Price
2018
2019
% Change
$590,111
$677,246
14.8%
$468
$511
9.2%
89
175
96.6%
$4,500,000
$10,750,000
138.9%
483
459
-5.0%
96.9%
96.7%
-0.2%
(Attached Dwellings) Boundaries: Downtown Denver MLS Area
GOLDEN TRIANGLE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$610,718
$618,803
1.3%
$367
$386
5.2%
430
61
-85.8%
$1,150,000
$1,475,000
28.3%
83
31
-62.7%
98.0%
95.5%
-2.6%
Boundaries: North Speer Blvd to Broadway; Colfax to 7th *Of the 83 residences sold Jan - Dec 2018, 43 residences were new construction
50 W 10th Avenue, Denver
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM
GREENWOOD VILLAGE EAST January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,204,937
$1,185,228
-1.6%
$359
$387
7.8%
68
70
2.9%
$2,130,000
$2,250,000
5.6%
54
54
0.0%
97.4%
96.0%
-1.4%
Boundaries: I-25 to Havana; Belleview to Orchard
9801 E Progress Circle, Greenwood Village
GREENWOOD VILLAGE WEST January through December Average Price Average Price per Square Foot
2018
2019
% Change
Over the past 50 years,
$1,636,693
$1,732,336
5.8%
Greenwood Village has
$399
$428
7.3%
gone from a land of gravel
64
55
-14.1%
roads and small farms to an
$3,375,000
$3,125,000
-7.4%
energetic blend of residential
52
50
-3.8%
and commercial areas.
94.0%
95.3%
1.4%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
GREENWOOD VILLAGE WEST January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
4851 Preserve Parkway North, Greenwood Village
2018
2019
% Change
$2,438,625
$2,062,587
-15.4%
$464
$454
-2.2%
134
64
-52.2%
$5,100,000
$6,500,000
27.5%
24
23
-4.2%
93.4%
92.1%
-1.4%
(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
coloradomicroreports.com
HALE MAYFAIR January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$653,339
$702,840
7.6%
$469
$490
4.5%
18
29
61.1%
$1,495,000
$2,255,000
50.8%
87
97
11.5%
99.1%
97.1%
-2.0%
7.6%
The average price for the neighborhood of Hale Mayfair increased by 7.6% January through
December 2019 compared to that of 2018.
Boundaries: Colorado to Holly; 6th to Colfax
HERITAGE GREENS January through December 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
2019
% Change
$814,597
$882,125
8.3%
$281
$280
-0.4%
27
29
7.4%
$1,075,000
$1,625,000
51.2%
19
26
36.8%
96.0%
98.2%
2.3%
Boundaries: Dry Creek to County Line; Colorado Blvd to Holly
4323 E Links Parkway, Centennial
January through December
2018
2018
2019
% Change
$613,485
$696,808
13.6%
$444
$468
5.4%
65
52
-20.0%
$1,875,000
$2,300,000
22.7%
303
304
0.3%
98.1%
96.5%
-1.6%
13.6% The average price for the neighborhood of
Highlands increased by 13.6% January through December 2019 compared to that of 2018.
Boundaries: W 38th Avenue to Speer Blvd; S Platte River to Federal Blvd
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM
(WEST) HIGHLANDS
Overlooking downtown Denver, the Highlands
January through December
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
2018
2019
% Change
$603,927
$661,777
9.6%
$488
$497
1.7%
21
34
61.9%
$1,550,000
$1,900,000
22.6%
240
221
-7.9%
97.8%
-0.3%
98.1%
Boundaries: 38 Avenue; Federal to Sheridan th
HIGHLANDS RANCH January through December Average Price Average Price per Square Foot
2019
% Change
$510,703
$516,972
1.2%
$250
$256
2.4%
15
22
46.7%
The average price per square foot for the
$2,930,758
$4,595,032
56.8%
neighborhood of Highlands Ranch increased
594
598
0.7%
by 2.4% January through December 2019
99.3%
98.5%
-0.8%
compared to that of 2018.
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2.4%
2018
Boundaries: Daniels Park to County Line; Santa Fe to Quebec
HILLTOP January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
265 S Elm Street, Denver
2018
2019
% Change
$1,299,505
$1,412,502
8.7%
$431
$462
7.1%
59
47
-20.3%
$3,725,000
$3,500,000
-6.0%
77
96
24.7%
95.7%
93.9%
-1.9%
Boundaries: Alameda to 6th; Colorado to Holly
coloradomicroreports.com
HOMESTEAD January through December Average Price
2018
2019
% Change
$576,218
$530,833
-7.9%
$297
$305
2.7%
24
32
33.3%
$1,355,000
$1,347,000
-0.6%
127
107
-15.7%
97.6%
96.9%
-0.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
4045 E Geddes Circle, Centennial
3.8%
The average price for the neighborhood of
Jefferson Park increased by 3.8% January through December 2019 compared to that of 2018.
JEFFERSON PARK January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$531,842
$551,806
3.8%
$392
$421
7.5%
41
47
14.6%
$865,000
$1,170,000
35.3%
172
135
-21.5%
99.3%
97.1%
-2.2%
Boundaries: Federal Blvd to S Platte River; South of 29th Ave & Speer Blvd, North of Mile High Stadium
KEENE RANCH January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,181,365
$1,137,658
-3.7%
$376
$345
-8.2%
129
89
-31.0%
$2,650,000
$1,500,000
-43.4%
13
13
0.0%
90.2%
95.1%
5.5%
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
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6.3%
The average price for the neighborhood of Ken-Caryl North Ranch increased by 6.3% January through December 2019
compared to that of 2018.
KEN-CARYL NORTH RANCH January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$973,593
$1,035,050
6.3%
$279
$294
5.4%
66
57
-13.6%
$1,256,150
$1,385,000
10.3%
23
14
-39.1%
93.0%
92.3%
-0.8%
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
KEN-CARYL VALLEY January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
28.2%
2018
2019
% Change
$781,100
$833,007
6.6%
$288
$300
4.1%
39
28
-28.2%
$1,500,000
$2,700,000
80.0%
neighborhood of Ken-Caryl Valley decreased
63
64
1.6%
by 28.2% January through December 2019
98.1%
97.5%
-0.6%
compared to that of 2018.
The average days on market for the
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Carly Ave
LAKEWOOD January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2400 Routt Street, Lakewood
2018
2019
% Change
$488,317
$507,615
4.0%
$300
$307
2.4%
24
29
20.8%
$6,490,000
$2,425,000
-62.6%
1,439
1,545
7.4%
98.5%
97.9%
-0.6%
Boundaries: City of Lakewood
coloradomicroreports.com
LOHI January through December Average Price Average Price per Square Foot
2019
% Change
$635,012
$718,078
13.1%
$443
$465
4.9%
55
58
5.5%
$1,875,000
$2,300,000
22.7%
The average price for the neighborhood of
229
223
-2.6%
LoHi increased by 13.1% January through
97.9%
96.4%
-1.6%
December 2019 compared to that of 2018.
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
13.1%
2018
Boundaries: W 38th Avenue to I-25; Speer Blvd to Zuni Street
9.2%
The average price per square foot for the neighborhood of Lone Tree increased by 9.2% January through December 2019
compared to that of 2018.
LONE TREE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$681,251
$873,140
28.2%
$244
$266
9.2%
31
31
0.0%
$1,615,000
$2,610,000
61.6%
50
42
-16.0%
97.5%
96.9%
-0.6%
Boundaries: City of Lone Tree
LOWRY January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$825,308
$789,134
-4.4%
$323
$317
-2.0%
31
26
-16.1%
$1,650,000
$1,850,000
12.1%
62
48
-22.6%
98.0%
97.5%
-0.5%
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 - DECEMBER 2019 • COLORADOMICROREPORTS.COM
THE MEADOWS January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$475,060
$469,249
-1.2%
$216
$225
4.4%
29
42
44.8%
$797,500
$825,000
3.4%
430
521
21.2%
98.6%
98.0%
-0.6%
Boundaries: N Meadows Drive to Coachline Road; Breezy Lane to Dairylide Street
2201 Trailblazer Way, Castle Rock
MONTCLAIR January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$652,274
$641,228
-1.7%
$431
$437
1.4%
38
36
-5.3%
$1,450,000
$1,600,000
10.3%
123
133
8.1%
97.3%
96.3%
-1.0%
Boundaries: Holly to Quebec; 6th to Colfax
OBSERVATORY PARK Observatory Park, named
January through December
after the University of
Average Price
Denver’s Historic Chamberlin
Average Price per Square Foot
Observatory, is located off of
Average Days on Market
Evans just blocks from the
Highest Price
University of Denver.
Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,313,834
$1,301,357
-0.9%
$436
$477
9.3%
46
63
37.0%
$3,004,324
$3,050,000
1.5%
70
96
37.1%
97.0%
94.1%
-3.0%
Boundaries: University to Colorado; Evans to Yale
coloradomicroreports.com
PARK HILL January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$764,281
$795,487
4.1%
$465
$480
3.2%
20
30
50.0%
$2,195,000
$2,920,000
33.0%
227
206
-9.3%
98.1%
97.4%
-0.7%
Boundaries: Colfax to 26 ; Colorado to Quebec th
2500 Locust Street, Denver
7.0%
The average price for the neighborhood of Platt Park increased by 7.0% January through
December 2019 compared to that of 2018.
PLATT PARK January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$684,737
$732,356
7.0%
$507
$554
9.3%
50
23
-54.0%
$1,608,256
$1,957,422
21.7%
107
99
-7.5%
98.5%
98.2%
-0.3%
Boundaries: Broadway to Downing; Louisiana to Evans
POLO RESERVE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,433,750
$1,296,557
-9.6%
This neighborhood is great
$342
$297
-13.3%
for residents who are
172
101
-41.3%
interested in equestrian
$2,490,000
$3,300,000
32.5%
riding and polo matches.
6
7
16.7%
95.7%
92.6%
-3.2%
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 - DECEMBER 2019 • COLORADOMICROREPORTS.COM
12.0%
The average price for the neighborhoods of Pradera & Timbers increased by 12.0% January through December 2019
compared to that of 2018.
PRADERA & TIMBERS January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$821,479
$919,697
12.0%
$245
$262
6.9%
44
82
86.4%
$1,725,000
$1,900,000
10.1%
104
106
1.9%
97.8%
96.3%
-1.5%
Boundaries: Praders and Timbers Subdivisions in Parker
RINO January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$452,567
$526,261
16.3%
$402
$414
2.8%
27
51
88.9%
$905,000
$1,150,000
27.1%
76
65
-14.5%
98.2%
96.9%
-1.3%
16.3%
The average price for the neighborhood of RiNo increased by 16.3% January through December 2019 compared to that of 2018.
Boundaries: I-25 to York St; South of I-70; North of Park Ave; East of Lawrence St to 40th Avenue
SADDLE ROCK January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
18852 E Long Avenue, Centennial
2018
2019
% Change
$655,772
$652,567
-0.5%
$208
$220
5.8%
52
72
38.5%
$970,000
$975,000
0.5%
86
83
-3.5%
96.4%
96.8%
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 December Average Price Average Price per Square Foot
2018
2019
% Change
The urban development
$666,400
$702,392
5.4%
currently taking place in
$480
$467
-2.7%
Sloan’s Lake offers its
21
45
114.3%
residences convenient
$1,511,733
$2,525,500
67.1%
access to new restaurants,
137
144
5.1%
breweries, and
97.5%
96.6%
-0.9%
public transportation.
Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:Colfax to 29th; Sheridan to Federal
4.2%
The average price for the neighborhood of Southern Hills increased by 4.2% January through December 2019 compared to that of 2018.
SOUTHERN HILLS January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$798,017
$831,497
4.2%
$428
$434
1.3%
17
28
64.7%
$2,071,510
$3,325,000
60.5%
66
49
-25.8%
97.6%
97.1%
-0.5%
Boundaries: University to Colorado; Yale to Hampden
SOUTHGLENN January through December Average Price Average Price per Square Foot
2018
2019
% Change
$465,048
$472,451
1.6%
$262
$268
2.1%
15
21
40.0%
$650,000
$587,000
-9.7%
48
43
-10.4%
99.5%
97.8%
-1.7%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Boundaries:Washington to University; Arapahoe to Dry Creek
6741 S Ivy Way #B3, Centennial
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JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM
4.0%
The average price for the neighborhood of Stapleton increased by 4.0% January through December 2019 compared to that of 2018.
STAPLETON January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$679,721
$706,598
4.0%
$317
$328
3.5%
39
44
12.8%
$1,470,000
$1,386,185
-5.7%
380
404
6.3%
100.0%
99.4%
-0.6%
Boundaries: Quebec to Havana; 23rd to 40th
SUNNYSIDE January through December
2018
2019
% Change
$547,601
$563,793
3.0%
$435
$458
5.1%
25
29
16.0%
$1,150,000
$1,265,000
10.0%
281
286
1.8%
99.6%
97.5%
-2.1%
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
4052 Lipan Street, Denver
TALLYN’S REACH Tallyn’s Reach is known for its beautiful surroundings. Here, 200-year-old Ponderosa Pines accentuate the landscape from nearly every vantage.
January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$565,588
$583,338
3.1%
$218
$218
0.0%
41
64
56.1%
$1,199,000
$1,200,000
0.1%
115
120
4.3%
98.3%
96.3%
-2.1%
Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470
coloradomicroreports.com
UPTOWN January through December Average Price
2018
2019
% Change
$456,738
$475,915
4.2%
$399
$382
-4.3%
22
30
36.4%
$1,249,999
$1,364,900
9.2%
159
141
-11.3%
97.4%
-1.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold
99.0%
% Sold Price to List Price
Boundaries:North of Colfax, East of Broadway, South of 20 , 20 & Park to 19 ; West of Josephine th
th
8.7%
The average price for the neighborhood of Washington Park East increased by 8.7% January through December 2019 compared to that of 2018.
th
1760 N Williams Street, Denver
WASHINGTON PARK EAST January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,263,838
$1,373,162
8.7%
$619
$597
-3.6%
35
49
40.0%
$3,650,000
$5,611,000
53.7%
122
125
2.5%
97.2%
95.1%
-2.1%
Boundaries: Louisiana to Ellsworth, Downing to University
WASHINGTON PARK WEST 2018
2019
% Change
Washington Park is a
$721,474
$716,594
-0.7%
popular destination for
$489
$492
0.7%
outdoor recreation in
24
32
33.3%
Denver with its many
$2,390,000
$1,850,000
-22.6%
running trails, bike paths,
148
172
16.2%
yoga sports, and paddle
98.6%
97.5%
-1.1%
boarding areas.
January through December 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
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - DECEMBER 2019 • 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.