MICROMARKET REPORT |
Denver Metro • Mid-Year 2018
DENVER METRO NEIGHBORHOODS 7 11 10
6
4 3
35 14 15 34 13 19 20 33 16 21 32 12 31 17 22 23 30 18
45
36 37 43 38
42
44
29 28 27
5 26
39
9 25 2
8
54
40
53
41
1
24
46
47 48 52
49
50
51
1.
Ken Caryl Valley
28.
Southern Hills
2.
Ken Caryl North Ranch
29.
Observatory Park
3. Lakewood
30. Cory-Merrill
4. Belmar
31.
Cherry Creek South/East
5.
Bow Mar/Bow Mar South
32.
Cherry Creek North
6.
Sloan’s Lake
33.
Congress Park
7. Berkeley
34.
City Park South
8.
Polo Reserve
35.
City Park
9.
Columbine Valley
36.
Park Hill
10. LoHi
37.
Hale Mayfair
11. Highlands
38. Hilltop
12. Baker
39.
13.
40. Homestead
Golden Triangle
Greenwood Village East
14. Downtown
41.
Heritage Greens
15. Uptown
42. Crestmoor
16.
Denver (City)
43. Montclair
17.
Washington Park West
44. Lowry
18.
Platt Park
45. Stapleton
19.
Capitol Hill
46.
Lone Tree
20. Cheesman
47.
Castle Pines North
21.
Country Club
48.
Castle Pines Village
22.
Washington Park East
49.
The Meadows
23.
Bonnie Brae/Belcaro
50.
Keene Ranch
24.
Highlands Ranch
51.
Bell Mountain Ranch
25. Southglenn
52.
Pradera & Timbers
26.
Greenwood Village West
53.
Tallyn’s Reach
27.
Cherry Hills Village
54.
Saddle Rock Golf Club
Pictured on cover: 576 South Elizabeth Street, Denver
coloradomicroreports.com
DENVER METRO market update The Denver metro area continues to grow and gain prominence in the national spotlight of post-Great Recession rebounds, with impressive price appreciation taking place at mid-year 2018. While the total number of homes sold January through June 2018 saw a slight decrease year-over-year, the increase in the overall total dollar volume sold of 6.7% was due nearly entirely from price increases (up 9.8% year-over-year). New listings to the market remained relatively the same year-over year at mid-year 2018, with the inventory of available listings remaining very low. This is because of seasonal and long-term trends. Part of the long-term, low-inventory problem, is the limited number of completed new construction projects. The skilled labor market is incredibly tight, and the construction industry is one of the few sectors of the economy that has not rebounded. This imbalance of supply versus demand has created the rapid gains in value enjoyed by homeowners, but has also made choices and affordability a challenge for buyers. This trend exemplifies the classic, “seller’s market,” with average days on the market January through June 2017 2018 % Change seeing a 4.2% decrease, to just 23 days, and a sold-price to list-price ratio of 99.8%. New Listings 33,741 34,135 1.2%
DENVER METRO
Some of Denver’s hottest sub-markets can be discerned by looking at those same statistics at a micro level. The LIV Sotheby’s International Realty Micro Market Report breaks down the Denver metro area into over 50 neighborhoods, including areas typically not analyzed by broader measures. At mid-year 2018, several micro markets demonstrated increases in average sales price in excess of 15%: Baker, Berkeley, Bonnie Brae/Belcaro, Bow Mar/Bow Mar South, Capitol Hill, Cherry Hills Village, City Park South, Columbine Valley, Country Club, Golden Triangle, Homestead, Lowry, Montclair, and Polo Reserve.
Sold Listings (All Properties)
26,275
25,530
-2.8%
Sold Single Family
18,597
17,919
-3.6%
$473,415
$518,268
9.5%
7,678
7,611
-0.9%
$311,838
$349,860
12.2%
24
23
-4.2%
99.7%
99.8%
0.1%
$11,198,383,682
$11,950,465,392
6.7%
Average Price Single Family Sold Attached Dwellings Average Price Attached Dwellings 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
Buyers should be prepared to act fast and make strong initial offers, but sellers should not be complacent either. High quality and excellent condition homes are rewarded greatly in today’s market, but the inverse is that anything less than stellar tends to linger, and may have to go through a price drop (or series of), in order to sell. It’s never been more important to do everything right in all of the four “Ps” of marketing your home – pricing, packaging (staging), photography and promotion.
livsothebysrealty.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.
MICROMARKET REPORT | Denver Metro MID -YEAR 2018 • COLORADOMICROREPORTS.COM
DENVER (CITY) January through June Average Price
2017
$509,190
11.0%
$268
$296
10.4%
24
23
-4.2%
$5,850,000
$8,000,000
36.8%
6,986
7,064
1.1%
99.3%
99.6%
0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$458,887
Average Price per Square Foot
Highest Price
2018
Boundaries: City of Denver
34 Polo Club Circle, Denver
BAKER January through June Average Price
2017
$506,343
15.5%
$368
$391
6.4%
20
43
115.0%
$802,500
$950,000
18.4%
53
54
1.9%
100.9%
100.3%
-0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$438,562
Average Price per Square Foot
Highest Price
2018
Baker received historic district designation by the City of Denver in 2000, and is lined with 19th century brick houses and charming local restaurants and businesses.
Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway
BELL MOUNTAIN RANCH January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$782,656
$898,286
14.8%
$299
$321
7.4%
119
158
32.8%
$876,400
$1,200,000
36.9%
9
14
55.6%
96.6%
96.7%
0.1%
Boundaries: I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle
4601 High Spring Road, Bell Mountain Ranch
coloradomicroreports.com
18.5%
The average price for the neighborhood of Belmar increased by 18.5% January through June 2018 compared to that of 2017.
BELMAR January through June
2017
Average Price
% Change
$377,047
$446,792
18.5%
$253
$271
7.1%
35
25
-28.6%
$630,000
$1,125,000
78.6%
24
19
-20.8%
99.1%
99.0%
-0.1%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: Kentucky to Alameda; Wadsworth to Pierce
BERKELEY January through June
2017
Average Price
$619,642
16.7%
$438
$481
9.8%
21
19
-9.5%
$1,300,000
$1,302,611
0.2%
91
95
4.4%
99.0%
99.5%
0.5%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
$530,894
Average Price per Square Foot
Berkeley offers its residences an eclectic mix of popular dining options, local art galleries, and a convenient location near I-70.
2018
Boundaries: 38th to I-70; Sheridan to Federal
BONNIE BRAE/BELCARO January through June
2017
2018
Average Price
$1,151,105
$1,345,577
16.9%
$493
$535
8.5%
27
38
40.7%
$2,300,000
$2,700,000
17.4%
28
41
46.4%
97.2%
98.1%
1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
867 South Harrison Street, Belcaro
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
BOW MAR/BOW MAR SOUTH January through June Average Price
2017
$1,551,833
29.2%
$395
$509
28.9%
71
104
46.5%
$2,450,000
$1,930,000
-21.2%
15
6
-60.0%
93.4%
94.3%
1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,200,994
Average Price per Square Foot
Highest Price
2018
29.2%
The average price for the neighborhoods of Bow Mar/Bow Mar South increased by 29.2% January through June 2018 compared to that of 2017.
Boundaries:
CAPITOL HILL January through June Average Price
2017
$403,398
17.9%
$334
$375
12.3%
22
33
50.0%
$2,725,000
$3,100,000
13.8%
183
220
20.2%
99.3%
99.4%
0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$342,160
Average Price per Square Foot
Highest Price
2018
Boundaries: Broadway to Downing; 6th to Colfax
1300 North Ogden Street #202, Capitol Hill
CASTLE PINES January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$655,376
$718,761
9.7%
$231
$248
7.3%
53
51
-3.8%
$1,785,000
$1,800,000
0.8%
125
108
-13.6%
96.7%
97.0%
0.3%
Castle Pines, located just 20 miles south of Denver, offers its residents the perfect balance of open space and urban living.
Boundaries: Country Club Parkway to Coyote Park; Daniels Park to Yorkshire
coloradomicroreports.com
CASTLE PINES VILLAGE January through June
2017
2018
Average Price
$1,088,521
$1,174,156
7.9%
$318
$333
4.7%
155
135
-12.9%
$3,450,000
$4,300,000
24.6%
72
81
12.5%
93.3%
94.5%
1.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: US 85 & Copper Blush to Northwood; Daniels Park to Gate 5; Country Club to I-25
4 Elk Pointe Lane, Castle Pines Village
8.1%
January through June 2018, the average price in the neighborhood of Cheesman increased by 8.1% compared to that of 2017.
CHEESMAN January through June
2017
Average Price
$442,090
$477,698
8.1%
$369
$386
4.4%
35
19
-45.7%
$5,000,000
$2,738,225
-45.2%
84
74
-11.9%
99.5%
100.0%
0.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Boundaries: York to Downing; Colfax to 8th
CHERRY CREEK NORTH January through June
2017
2018
Average Price
$1,016,044
$1,040,871
2.4%
$459
$491
7.1%
60
77
28.3%
$2,750,000
$2,700,000
-1.8%
74
73
-1.4%
95.9%
94.4%
-1.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: York to Colorado; 1st to 6th
475 Madison Street, Cherry Creek North
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
12.6%
CHERRY CREEK EAST & SOUTH January through June
2017
Average Price
$737,060
12.6%
$374
$396
6.0%
143
79
-44.8%
$1,720,000
$3,250,000
89.0%
70
68
-2.9%
97.6%
97.5%
-0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$654,588
Average Price per Square Foot
Highest Price
2018
January through June 2018, the average price in the neighborhood of Cherry Creek East & South increased by 12.6% compared to that of 2017.
Boundaries: University to Colorado; Alameda to 1st
CHERRY HILLS VILLAGE January through June Average Price
2017
$1,672,404
6.9%
$385
$400
3.8%
80
74
-7.5%
$3,800,000
$3,962,500
4.3%
30
40
33.3%
93.4%
93.2%
-0.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,564,070
Average Price per Square Foot
Highest Price
2018
Cherry Hills Village, located just south of Denver, was named for the cherry tree groves that lined the original town site.
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
CHERRY HILLS VILLAGE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$2,628,807
$3,186,896
21.2%
$461
$481
4.5%
175
142
-18.9%
$6,000,000
$7,500,000
25.0%
30
26
-13.3%
89.8%
91.8%
2.2%
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
8 Sunset Drive, Cherry Hills Village
coloradomicroreports.com
CITY PARK January through June
One of Denver’s most popular destinations, City Park is home to historical monuments, two lakes, picnic sites, playgrounds, and sweeping views of the city’s skyline.
2017
Average Price
% Change
$574,213
$618,186
7.7%
$348
$404
16.1%
28
18
-35.7%
$1,300,000
$1,220,000
-6.2%
38
51
34.2%
98.2%
100.1%
1.9%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: Downing to York; 18th to Martin Luther King
CITY PARK SOUTH January through June
2017
Average Price
$804,000
25.5%
$460
$496
7.8%
16
14
-12.5%
$935,000
$1,100,000
17.6%
13
5
-61.5%
99.1%
99.4%
0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$640,559
Average Price per Square Foot
Highest Price
2018
Boundaries: York to Colorado; Colfax to 17th
157 South Milwaukee Street #240, City Park
29.6%
The highest price for the neighborhood of Columbine Valley increased by 29.6% January through December 2018 compared to that of 2017.
COLUMBINE VALLEY January through June
2017
2018
Average Price
$1,047,745
$1,212,406
15.7%
$354
$380
7.3%
98
203
107.1%
$1,999,000
$2,590,000
29.6%
22
20
-9.1%
94.0%
96.2%
2.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: South Polo Ridge Drive to West Boles Avenue; Platte Canyon Road to South Platte River
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
CONGRESS PARK January through June
2017
Average Price
% Change
$549,134
$581,669
5.9%
$418
$438
4.9%
20
17
-15.0%
$1,098,000
$1,760,000
60.3%
110
113
2.7%
99.7%
99.9%
0.1%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price
Congress Park saw major residential development between 1900 and 1930, with little residential construction in recent years, preserving the neighborhood’s historic value.
Boundaries: York to Colorado; 6th to Colfax
CORY-MERRILL January through June Average Price
2017
$918,425
8.2%
$434
$459
5.6%
35
46
31.4%
$1,606,500
$1,677,000
4.4%
59
69
16.9%
97.3%
98.7%
1.4%
Average Days on Market
Properties Sold % Sold Price to List Price
5.6%
% Change
$848,919
Average Price per Square Foot
Highest Price
2018
The average price per square foot for the neighborhood of Cory-Merrill increased by 5.6% January through June 2018 compared to that of 2017.
Boundaries: South University Blvd to South Colorado Blvd; I-25 to East Mississippi Ave
COUNTRY CLUB January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$2,648,333
$3,499,119
32.1%
$598
$728
21.8%
77
61
-20.8%
$3,735,000
$5,668,830
51.8%
3
7
133.3%
97.0%
96.6%
-0.5%
Boundaries: University to Downing 1st-4th; Race to University 4th-6th
541 North High Street, Country Club
coloradomicroreports.com
CRESTMOOR January through June
2017
2018
Average Price
$1,377,000
$1,322,516
-4.0%
$442
$415
-6.1%
20
41
105.0%
$2,475,000
$2,450,000
-1.0%
18
17
-5.6%
96.5%
99.9%
3.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Holly to Monaco; Bayaud to 6th
250 Jasmine Street, Crestmoor
8.3%
January through June 2018, the average price in Downtown Denver increased by 8.3% compared to that of 2017.
DOWNTOWN January through June Average Price
2017
$600,422
8.3%
$447
$465
4.1%
60
86
43.3%
$3,330,000
$4,150,000
24.6%
274
239
-12.8%
96.8%
98.3%
1.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$554,287
Average Price per Square Foot
Highest Price
2018
Boundaries: Downtown Denver MLS Area
GOLDEN TRIANGLE January through June
2017
Average Price
$486,250
$603,929
24.2%
$343
$361
5.1%
36
178
394.4%
$875,000
$1,055,000
20.6%
24
50
108.3%
97.3%
98.6%
1.3%
Average Price per Square Foot
2018
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: North Speer Boulevard to Broadway; Colfax to 7th
1335 Elati Street #5, Golden Triangle
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
GREENWOOD VILLAGE EAST January through June
2017
2018
Average Price
$1,259,706
$1,234,387
-2.0%
$385
$353
-8.4%
111
59
-46.8%
$2,133,730
$2,130,000
-0.2%
19
35
84.2%
97.4%
98.6%
1.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: I-25 to Havana; Belleview to Orchard
4081 Preserve Parkway North, Greenwood Village
GREENWOOD VILLAGE WEST January through June
2017
2018
Average Price
$1,503,916
$1,655,087
10.1%
$411
$399
-3.0%
107
69
-35.5%
$3,230,899
$3,375,000
4.5%
32
28
-12.5%
93.9%
94.8%
0.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Over the past 50 years, Greenwood Village has gone from a land of gravel roads and small farms to an energetic blend of residential and commercial areas.
(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
GREENWOOD VILLAGE WEST January through June Average Price Average Price per Square Foot Average Days on Market Highest Price
2017
2018
$2,107,000
$2,080,923
-1.2%
$397
$406
2.2%
47
102
117.0%
$3,750,000
$3,385,000
-9.7%
7
13
85.7%
93.5%
95.1%
1.7%
Properties Sold % Sold Price to List Price
% Change
2.2%
January through June 2018, the average price per square foot for the neighborhood of Greewood Village increased by 2.2% compared to that of 2017.
(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
coloradomicroreports.com
12.4%
The average price for the neighborhood of Hale Mayfair increased by 12.4% January through June 2018 compared to that of 2017.
HALE MAYFAIR January through June
2017
Average Price
$645,323
12.4%
$438
$494
12.9%
32
12
-62.5%
$1,175,000
$1,179,000
0.3%
56
44
-21.4%
100.2%
101.1%
0.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$574,127
Average Price per Square Foot
Highest Price
2018
Boundaries: Colorado to Holly; 6th to Colfax
HERITAGE GREENS January through June Average Price
2017
$815,421
1.1%
$269
$296
9.9%
89
37
-58.4%
$1,275,000
$1,024,000
-19.7%
14
7
-50.0%
96.0%
96.3%
0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$806,211
Average Price per Square Foot
Highest Price
2018
Boundaries: Dry Creek to County Line; Colorado Boulevard to Holly
7852 South Glencoe Way, Heritage Greens
9.6%
January through June 2018, the average price per square foot for the neighborhood of Highlands increased by 9.6% compared to that of 2017.
HIGHLANDS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$599,553
$597,047
-0.4%
$405
$444
9.6%
51
47
-7.8%
$1,649,000
$1,425,000
-13.6%
151
159
5.3%
97.1%
99.1%
2.1%
Boundaries: W 38th Ave to Speer Blvd; S Platte River to Federal Blvd
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
(WEST) HIGHLANDS January through June Average Price
2017
2018
$586,481
$580,449
-1.0%
$440
$492
11.8%
21
15
-28.6%
$1,355,000
$1,350,000
-0.4%
108
127
17.6%
98.6%
99.3%
0.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries:38th Ave; Federal to Sheridan
3321 West 31st Avenue, West Highlands
HIGHLANDS RANCH January through June Average Price
2017
2018
$471,643
$517,616
9.7%
$234
$250
6.7%
18
12
-33.3%
$2,351,333
$2,767,865
17.7%
327
276
-15.6%
99.9%
100.4%
0.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
6.7%
The average price per square foot for the neighborhood of Highlands Ranch increased by 6.7% January through June 2018 compared to that of 2017.
Boundaries: Daniels Park to County Line; Santa Fe to Quebec
HILLTOP January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$1,449,306
$1,262,953
-12.9%
$441
$440
-0.2%
69
65
-5.8%
$4,950,000
$2,650,000
-46.5%
50
44
-12.0%
96.0%
97.1%
1.2%
Boundaries: Alameda to 6th; Colorado to Holly
80 South Bellaire Street, Hilltop
coloradomicroreports.com
HOMESTEAD January through June Average Price
2017
% Change
$487,037
$583,896
19.9%
$277
$300
8.2%
23
20
-13.0%
$1,075,000
$1,275,000
18.6%
62
68
9.7%
98.9%
98.8%
-0.1%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
7162 South Glencoe Circle, Homestead
KEENE RANCH 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.
January through June
2017
Average Price
$1,029,474
$1,177,143
14.3%
$316
$417
31.8%
106
114
7.5%
$1,247,400
$2,375,000
90.4%
6
7
16.7%
93.8%
87.8%
-6.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road
3.4%
The highest price for the neighborhood of Ken-Caryl North Ranch increased by 3.4% January through June 2018 compared to that of 2017.
KEN-CARYL NORTH RANCH January through June
2017
Average Price
$1,018,750
$922,804
-9.4%
$306
$272
-11.2%
6
68
1033.3%
$1,215,000
$1,256,150
3.4%
4
12
200.0%
99.8%
94.9%
-4.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
KEN-CARYL VALLEY January through June
2017
Average Price
% Change
$676,482
$721,125
6.6%
$272
$291
6.7%
38
29
-23.7%
$1,295,000
$1,235,000
-4.6%
28
32
14.3%
97.3%
99.2%
1.9%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price
6.7%
January through June 2018, the average price per square foot for the neighborhood of Ken-Caryl Valley increased by 6.7% compared to that of 2017.
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Caryl Ave
LAKEWOOD January through June
2017
Average Price
% Change
$440,253
$489,620
11.2%
$276
$302
9.4%
22
22
0.0%
$1,950,000
$2,225,000
14.1%
739
732
-0.9%
99.7%
99.6%
-0.1%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: City of Lakewood
9180 West Virginia Avenue, Lakewood
LOHI January through June
2017
Average Price
% Change
$632,510
$616,191
-2.6%
$399
$443
11.0%
61
52
-14.8%
$1,649,000
$1,425,000
-13.6%
115
124
7.8%
96.5%
99.0%
2.6%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price
The Lower Highlands, LoHi for short, features an eclectic mix of coffee shops, street fairs, farmers’ markets and more.
Boundaries: W 38th to I-25; Speer Blvd to Zuni Street
coloradomicroreports.com
LONE TREE Lone Tree is home to the Lone Tree Arts Center, which houses a 255 seat event hall for intimate performances, and a 350 seat outdoor terrace theatre.
January through June
2017
Average Price
$772,111
6.5%
$272
$278
2.2%
42
45
7.1%
$2,600,000
$2,400,000
-7.7%
114
132
15.8%
97.7%
97.7%
0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$724,760
Average Price per Square Foot
Highest Price
2018
Boundaries: South of Ridgegate parkway to County Line; Peoria to Quebec
LOWRY January through June
2017
Average Price
$870,938
22.6%
$288
$332
15.2%
18
23
27.8%
$1,425,000
$1,650,000
15.8%
26
23
-11.5%
98.6%
99.1%
0.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$710,472
Average Price per Square Foot
Highest Price
2018
Boundaries: Quebec to Unita; Alameda to 11th
7651 East 8th Avenue, Lowry
5.9%
The average price for the neighborhood of The Meadows increased by 5.9% January through June 2018 compared that of 2017.
THE MEADOWS January through June
2017
Average Price
$445,060
$471,392
5.9%
$201
$217
8.2%
23
22
-4.3%
$801,262
$772,000
-3.7%
206
226
9.7%
99.0%
99.4%
0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Boundaries: N Meadows Drive to Coachline Road; Breezy lane to Dairylide Street
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
MONTCLAIR January through June Average Price
2017
$690,611
27.1%
$395
$424
7.4%
27
40
48.1%
$1,200,000
$1,450,000
20.8%
67
65
-3.0%
98.8%
97.9%
-0.9%
Average Days on Market
Properties Sold % Sold Price to List Price
7.4%
% Change
$543,514
Average Price per Square Foot
Highest Price
2018
The average price per square foot for the neighborhood of Montclair increased by 7.4% January through June 2018 compared to that of 2017.
Boundaries: Holly to Quebec; 6th to Colfax
OBSERVATORY PARK January through June
2017
2018
Average Price
$1,114,251
$1,178,376
5.8%
$424
$404
-4.8%
41
61
48.8%
$2,735,000
$1,950,000
-28.7%
56
33
-41.1%
96.2%
97.0%
0.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Observatory Park is named after the famous Chamberlain Observatory, designed by Denver architect, Robert Roeschlaub, and can be seen at the center of the park.
Boundaries: University to Colorado; Evans to Yale
PARK HILL January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$691,366
$755,886
9.3%
$428
$457
6.7%
22
15
-31.8%
$1,900,000
$1,950,000
2.6%
114
120
5.3%
99.2%
99.2%
0.0%
Boundaries: Colfax to 26th; Colorado to Quebec
2233 Ivanhoe Street , Park Hill
coloradomicroreports.com
Platt Park, formerly a separate city from Denver, was connected to the city by a trolley line that ran through Pearl Street during the 20th century.
PLATT PARK January through June
2017
Average Price
% Change
$672,497
$661,524
-1.6%
$451
$498
10.3%
11
16
45.5%
$1,210,000
$1,608,256
32.9%
37
56
51.4%
100.3%
99.6%
-0.7%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: Broadway to Downing; Louisiana to Evans
POLO RESERVE January through June
2017
Average Price
$1,033,317
$1,240,000
20.0%
$299
$317
6.0%
84
145
72.6%
$1,550,000
$1,570,000
1.3%
3
3
0.0%
98.1%
94.5%
-3.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Boundaries: North of Mineral; South of Arabian Pl; West of the S. Platte River; East of S. Platte Canyon Rd
6955 South Polo Drive, Polo Reserve
3.4%
January through June 2018, the percent sold price to list price in the neighborhood of Pradera & Timbers increased by 3.4% compared to that of 2017.
PRADERA & TIMBERS January through June Average Price
2017
% Change
$766,848
$801,525
4.5%
$235
$242
3.0%
90
47
-47.8%
$1,250,000
$1,725,000
38.0%
65
61
-6.2%
95.4%
98.7%
3.4%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: Pradera and Timbers Subdivisions in Parker
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
SADDLE ROCK January through June
2017
Average Price
2018
$591,284
$659,015
11.5%
$201
$206
2.6%
54
54
0.0%
$1,056,000
$960,000
-9.1%
58
42
-27.6%
96.6%
97.8%
1.2%
Average Price per Square Foot Average Days on Market Highest Price
% Change
Properties Sold % Sold Price to List Price
Boundaries: North of E Dry Creek Rd; South of Smoky Hill Rd; West of E-470; East of S Liverpool St
6933 South Picadilly Street, Saddle Rock
SLOAN’S LAKE January through June
2017
Average Price
2018
$621,108
$666,694
7.3%
$417
$503
20.7%
33
18
-45.5%
$1,750,000
$1,400,000
-20.0%
53
68
28.3%
97.0%
98.3%
1.4%
Average Price per Square Foot Average Days on Market Highest Price
% Change
Properties Sold % Sold Price to List Price
The urban development currently taking place in Sloan’s Lake offers its residences convenient access to new restaurants, breweries, and public transportation.
Boundaries: Colfax to 29th; Sheridan to Federal
SOUTHERN HILLS January through June
2017
Average Price
% Change
$668,927
$738,093
10.3%
$391
$421
7.6%
18
18
0.0%
$1,162,500
$1,300,000
11.8%
26
30
15.4%
99.1%
97.8%
-1.3%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: University to Colorado; Yale to Hampden
7.6%
January through June 2018, the average price per square foot for the neighborhood of Southern Hills increased by 7.6% compared to that of 2017.
coloradomicroreports.com
14.7%
The average price for the neighborhood of Southglenn increased by 14.7% January through June 2018 compared to that of 2017.
SOUTHGLENN January through June
2017
Average Price
2018
$411,575
$472,243
14.7%
$250
$273
9.4%
22
12
-45.5%
$516,900
$650,000
25.7%
28
30
7.1%
99.8%
101.5%
1.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Washington to University; Arapahoe to Dry Creek
STAPLETON January through June
2017
Average Price
$683,451
5.2%
$294
$316
7.5%
57
48
-15.8%
$1,305,332
$1,470,000
12.6%
169
213
26.0%
99.5%
100.0%
0.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$649,396
Average Price per Square Foot
Highest Price
2018
Boundaries: Quebec to Havana; 23rd to 40th
3386 Ulster Street, Stapleton
TALLYN’S REACH January through June
Tallyn’s Reach is known for its beautiful surroundings. Here, 200-year-old Ponderosa Pines accentuate the landscape from nearly every vantage.
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$522,348
$562,576
7.7%
$203
$217
7.1%
39
55
41.0%
$1,087,000
$1,199,000
10.3%
76
55
-27.6%
98.6%
99.2%
0.7%
Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
UPTOWN January through June Average Price
2017
$446,301
7.4%
$365
$392
7.5%
42
35
-16.7%
$860,000
$940,000
9.3%
71
85
19.7%
101.1%
99.5%
-1.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$415,453
Average Price per Square Foot
Highest Price
2018
7.4%
The average price per square foot for the neighborhood of Uptown increased by 7.4% January through June 2018 compared to that of 2017.
Boundaries: North of Colfax; East of Broadway; South of 20th; 20th & Park to 19th; West of Josephine
WASHINGTON PARK EAST January through June
2017
2018
Average Price
$1,173,064
$1,263,579
7.7%
$540
$621
15.1%
44
33
-25.0%
$5,850,000
$3,650,000
-37.6%
56
63
12.5%
96.4%
97.6%
1.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Lousisana to Ellsworth; Downing to University
1136 South Gilpin Street, Washington Park East
WASHINGTON PARK WEST January through June Average Price
2017
$725,048
6.7%
$447
$485
8.4%
25
21
-16.0%
$1,620,000
$2,060,000
27.2%
68
73
7.4%
99.3%
100.1%
0.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$679,586
Average Price per Square Foot
Highest Price
2018
Washington Park is a popular destination for outdoor recreation in Denver with its many running trails, bike paths, yoga spots, and paddle boarding areas.
Boundaries: Louisiana to Ellsworth; Broadway to Downing
coloradomicroreports.com
IMAGINE.
Introducing CURATE by Sotheby ’s International Realty Sotheby’s International Realty is the first real estate brand to launch and implement a virtual staging augmented reality (AR) app:
DESIGN.
Curate by Sotheby’s International Realty. This mobile app brings a home’s virtual staging images from 2-D perception into augmented reality, allowing customers to visualize a house as their own before purchase, thereby curating the homebuying experience.
SHOP.
Available now for download in the Google Play Store and the iOS App Store.
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.