Denver Metro Q1, 2017 Micro Market Report

NEIGHBORHOOD MICROMARKET REPORT |

January through June

2016

2017

% Change

Average Price Denver Metro • Quarter 1 2017 Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:

NEIGHBORHOOD January through June

2016

2017

% Change

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:

NEIGHBORHOOD January through June

2016

2017

% Change

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

QUARTER 1 2017 • COLORADOMICROREPORTS.COM

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 2. Ken Caryl North Ranch 3. Lakewood 4. Belmar 5. Bow Mar/Bow Mar South 6. Sloan’s Lake 7. Berkeley 8. Polo Reserve 9. Columbine Valley 10. LoHi 11. Highlands 12. Baker 13. Golden Triangle 14. Downtown 15. Uptown 16. Denver (City) 17. Washington Park West 18. Platt Park 19. Capitol Hill 20. Cheesman 21. Country Club 22. Washington Park East 23. Bonnie Brae/Belcaro 24. Highlands Ranch 25. Southglenn 26. Greenwood Village West 27. Cherry Hills Village

28. Southern Hills 29. Observatory Park 30. Cory-Merrill 31. Cherry Creek South/East 32. Cherry Creek North 33. Congress Park 34. City Park South 35. City Park 36. Park Hill 37. Hale Mayfair 38. Hilltop 39. Greenwood Village East 40. Homestead 41. Heritage Greens 42. Crestmoor 43. Montclair 44. Lowry 45. Stapleton 46. Lone Tree 47. Castle Pines North 48. Castle Pines Village 49. The Meadows 50. Keene Ranch 51. Bell Mountain Ranch 52. Pradera & Timbers 53. Tallyn’s Reach 54. Saddle Rock Golf Club

Pictured on cover: 575 Circle Drive, Denver

coloradomicroreports.com

DENVER METRO Market Introduction In Q1 2017, Denver continues to be one of the top performing markets in the country, as evidenced at the micro market level in the increases in average sales price, average price per square foot, and number of single family homes and condos sold. The total dollar volume sold in Denver metro has increased 13.3%, and the Denver Metro market is demonstrating an uptick in inventory as we enter the spring selling season. New listings are up 7.8% from 13,055 to 14,076 in Q1 2017, providing more options for buyers.

The average price of single family homes and condos combined rose 7.9%, resulting in an average price of $408,489 in Denver Metro. In the city of Denver, the average price of single family homes and condos rose 5.2%, resulting in an average price of $431,285.

The front range of Colorado has gained notoriety internationally as an excellent investment, fueling demand even more. During Q1 2017, the number of sold listings in Denver Metro rose to 10,500, up 4.9% since Q1 2016. In the City of Denver, the number of sold listings totaled 2,833, up 1.2%, from Q1 2016. Across the board, days on market dropped 2.4% in Denver Metro and 14% in the City of Denver- an improved timeframe in the market. In Denver Metro, the sales price to list price ratio held at 99%, demonstrating a continued fortified market. Now that buyers have more information at their fingertips than ever before, the value of having a seasoned professional advocating on your behalf has never been more important to be successful.

livsothebysrealty.com

METRO DENVER January through March

2016

2017

% Change

New Listings

13,055

14,076

7.8%

Sold Listings (All Properties)

10,006

10,500

4.9%

Sold Single Family

7,057

7,351

4.2%

Sold Condo

1,949

3,149

61.6%

42

41

-2.4%

$378,458

$408,489

7.9%

98.7%

98.8%

0.1%

$3,786,847,904

$4,288,729,699

13.3%

Average Days on Market Average Price % Sold Price to Original List Total Dollar Volume Sold

Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson

During Q1 2017,

10,500

homes sold for an average of

$408,489

or, $4,288,729,699 total dollar volume sold.

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 QUARTER 1 2017 • COLORADOMICROREPORTS.COM

DENVER (CITY) January through March Average Price

2016

$431,285

5.2%

$288

$312

8.4%

50

43

-14.0%

$5,438,873

$2,750,000

-49.4%

2,799

2,833

1.2%

98.2%

98.5%

0.3%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$409,778

Average Price per Square Foot

Highest Price

2017

Boundaries: City of Denver

1991 East Alameda #6, Denver

BAKER January through March Average Price

2016

$431,109

7.1%

$331

$349

5.4%

22

38

72.7%

$690,000

$570,000

-17.4%

25

22

-12.0%

99.0%

98.6%

-0.4%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$402,420

Average Price per Square Foot

Highest Price

2017

7.1%

During Q1 2017, the average price in the neighborhood of Baker increased by 7.1% compared to Q1 2016.

Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway

BELL MOUNTAIN RANCH January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$738,625

$782,280

5.9%

$283

$295

4.3%

76

202

165.8%

$897,500

$876,400

-2.4%

4

5

25.0%

95.9%

95.1%

-0.8%

Boundaries: I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle

750 Bold Sun Circle, Bell Mountain Ranch

coloradomicroreports.com

BELMAR January through March

2016

Average Price

Belmar shopping and dining district is home to more than 80+ galleries, restaurants, and shops that include local boutiques and national brands.

% Change

$391,879

$381,402

-2.7%

$244

$249

2.2%

209

56

-73.2%

$494,400

$630,000

27.4%

11

12

9.1%

98.9%

98.6%

-0.3%

Average Price per Square Foot Average Days on Market Highest Price

2017

Properties Sold % Sold Price to List Price Boundaries: Kentucky to Alameda; Wadsworth to Pierce

BERKLEY January through March

2016

Average Price

$514,664

4.3%

$396

$405

2.2%

37

29

-21.6%

$904,825

$1,300,000

43.7%

26

36

38.5%

98.1%

95.4%

-2.8%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$493,556

Average Price per Square Foot

Highest Price

2017

Boundaries: 38th to I-70; Sheridan to Federal

4455 Irving Street, Berkley

8.0%

The average price per square foot for the neighborhood of Bonnie Brae/Belcaro increased by 8% in Q1 2017 compared to Q1 2016.

BONNIE BRAE/BELCARO January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$1,063,229

$1,215,867

14.4%

$430

$464

8.0%

67

41

-38.8%

$1,745,000

$2,250,000

28.9%

11

11

0.0%

94.9%

97.2%

2.4%

Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

QUARTER 1 2017 • COLORADOMICROREPORTS.COM

BOW MAR/BOW MAR SOUTH January through March Average Price

2016

$1,357,292

58.4%

$272

$364

33.7%

85

126

48.2%

$1,150,000

$2,450,000

113.0%

3

6

100.0%

91.6%

87.5%

-4.4%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$856,667

Average Price per Square Foot

Highest Price

2017

33.7%

The average price per square foot for the neighborhoods of Bow Mar/Bow Mar South increased by 33.7% in Q1 2017 compared to Q1 2016.

Boundaries:

CAPITOL HILL January through March Average Price

2016

$306,591

-3.3%

$296

$324

9.6%

28

21

-25.0%

$1,600,000

$775,000

-51.6%

66

70

6.1%

99.9%

98.8%

-1.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$317,098

Average Price per Square Foot

Highest Price

2017

Boundaries: Broadway to Downing; 6th to Colfax

1331 North Ogden Street #201, Capitol Hill

CASTLE PINES January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$630,112

$686,818

9.0%

$208

$221

6.4%

113

101

-10.6%

$1,397,500

$1,400,000

0.2%

17

17

0.0%

95.6%

93.5%

-2.1%

Castle Pines is known for its mild and pleasant temperatures. It is located in an area that is shielded from the mountains and just outside the reach of the extreme heat of the plains.

Boundaries: Country Club Parkway to Coyote Park; Daniels Park to Yorkshire

coloradomicroreports.com

CASTLE PINES VILLAGE January through March

2016

2017

Average Price

$1,059,382

$1,010,789

-4.6%

$290

$290

0.1%

141

156

10.6%

$2,875,000

$3,000,000

4.3%

21

25

19.0%

93.0%

91.8%

-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

1023 Anaconda Drive, Castle Pines Village

1.8%

During Q1 2017, the average price per square foot in the neighborhood of Cheesman increased by 1.8% compared to Q1 2016.

CHEESMAN January through March

2016

Average Price

$385,508

-16.0%

$341

$347

1.8%

37

65

75.7%

$2,495,000

$1,045,000

-58.1%

37

37

0.0%

97.5%

98.1%

0.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$458,814

Average Price per Square Foot

Highest Price

2017

Boundaries: York to Downing; Colfax to 8th

CHERRY CREEK NORTH January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$1,238,349

$1,136,998

-8.2%

$529

$470

-11.2%

63

84

33.3%

$5,438,873

$2,750,000

-49.4%

63

32

-49.2%

96.1%

93.9%

-2.2%

Boundaries: York to Colorado; 1st to 6th

559 Madison Street, Cherry Creek North

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

QUARTER 1 2017 • COLORADOMICROREPORTS.COM

CHERRY CREEK EAST & SOUTH January through March

2016

Average Price

$620,671

4.4%

$322

$372

15.4%

66

87

31.8%

$1,500,000

$1,720,000

14.7%

24

29

20.8%

96.9%

98.0%

1.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$594,642

Average Price per Square Foot

Highest Price

2017

4.4%

During Q1 2017, the average price in the neighborhood of Cherry Creek East & South increased by 4.4% compared to Q1 2016.

Boundaries: University to Colorado; Alameda to 1st

CHERRY HILLS VILLAGE January through March

2016

2017

Average Price

$1,424,462

$1,316,385

-7.6%

$333

$358

7.4%

105

102

-2.9%

$2,900,000

$2,086,000

-28.1%

13

13

0.0%

87.4%

90.6%

3.6%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou

3551 South Franklin Street, Cherry Hills Village

CHERRY HILLS VILLAGE January through March

2016

Average Price

$3,151,657

$2,961,076

-6.0%

$408

$483

18.3%

75

197

162.7%

$6,530,000

$6,000,000

-8.1%

7

16

128.6%

94.3%

87.2%

-7.5%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2017

% Change

Cherry Hills Village features stately residences and unparalleled amounts of acreage on property lots- a rarity for a neighborhood this close to metro Denver.

(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou

coloradomicroreports.com

CITY PARK January through March

City Park is home to the Denver Zoo and the Denver Museum of Nature and Science.

2016

Average Price

% Change

$516,643

$518,631

0.4%

$297

$349

17.4%

47

41

-12.8%

$915,000

$800,000

-12.6%

20

13

-35.0%

97.3%

95.8%

-1.5%

Average Price per Square Foot Average Days on Market Highest Price

2017

Properties Sold % Sold Price to List Price Boundaries: Downing to York; 18th to Martin Luther King

CITY PARK SOUTH January through March

2016

Average Price

$680,320

-6.1%

$389

$471

20.9%

115

21

-81.7%

$930,000

$855,000

-8.1%

2

5

150.0%

99.0%

97.1%

-1.9%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$724,500

Average Price per Square Foot

Highest Price

2017

Boundaries: York to Colorado; Colfax to 17th

3100 East 17th Avenue, City Park South

42.9% The number of properties sold for the neighborhood of Columbine Valley increased by 42.9% in Q1 2017 compared to Q1 2016.

COLUMBINE VALLEY January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$1,100,000

$872,900

-20.6%

$274

$313

14.4%

103

74

-28.2%

$1,815,000

$1,370,000

-24.5%

7

10

42.9%

94.9%

94.9%

0.0%

Boundaries: South Polo Ridge Drive to West Boles Avenue; Platte Canyon Road to South Platte River

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

QUARTER 1 2017 • COLORADOMICROREPORTS.COM

CONGRESS PARK January through March

2016

Average Price

$440,680

$526,061

19.4%

$338

$406

20.2%

24

25

4.2%

$982,500

$1,090,020

10.9%

33

41

24.2%

99.3%

99.6%

0.3%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2017

% Change

Well-equipped Congress Park offers eight tennis courts, athletic fields, a picnic area, a playground, and a public outdoor swimming pool.

Boundaries: York to Colorado; 6th to Colfax

CORY-MERRILL January through March Average Price

2016

$784,848

-3.5%

$389

$416

7.1%

62

52

-16.1%

$1,535,000

$1,350,000

-12.1%

29

20

-31.0%

97.7%

95.6%

-2.1%

Average Days on Market

Properties Sold % Sold Price to List Price

7.1%

% Change

$813,412

Average Price per Square Foot

Highest Price

2017

The average price per square foot for the neighborhood of Cory-Merrill increased by 7.1% in Q1 2017 compared to Q1 2016.

Boundaries: South University Blvd to South Colorado Blvd; I-25 to East Mississippi Ave

COUNTRY CLUB January through March

2016

Average Price

$1,937,982

-

-

$540

-

-

111

-

-

$2,600,000

-

-

5

No Sales

-

81.4%

-

-

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2017

% Change

Boundaries: University to Downing 1st-4th; Race to University 4th-6th

575 Circle Drive, Country Club

coloradomicroreports.com

CRESTMOOR January through March

2016

Average Price

$857,200

-16.5%

$443

$405

-8.5%

59

18

-69.5%

$2,010,000

$1,158,500

-42.4%

5

5

0.0%

96.4%

97.0%

0.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$1,026,240

Average Price per Square Foot

Highest Price

2017

Boundaries: Holly to Monaco; Bayaud to 6th

200 Leyden Street, Crestmoor

19.4%

During Q1 2017, the number of properties sold in the neighborhood of Downtown Dever increased by 19.4% compared to Q1 2016.

DOWNTOWN January through March Average Price

2016

$514,154

-1.8%

$415

$453

9.1%

59

67

13.6%

$1,735,000

$1,850,000

6.6%

98

117

19.4%

98.0%

96.0%

-2.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$523,498

Average Price per Square Foot

Highest Price

2017

Boundaries: Downtown Denver MLS Area

GOLDEN TRIANGLE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$549,157

$444,150

-19.1%

$330

$327

-1.0%

109

42

-61.5%

$710,000

$634,500

-10.6%

18

10

-44.4%

100.0%

95.8%

-4.2%

Boundaries: North Speer Boulevard

55 West 12th Avenue, Golden Triangle

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

QUARTER 1 2017 • COLORADOMICROREPORTS.COM

GREENWOOD VILLAGE EAST January through March

2016

2017

Average Price

$1,271,500

$1,124,727

-11.5%

$329

$333

1.1%

85

101

18.8%

$2,000,000

$2,034,000

1.7%

5

11

120.0%

88.7%

95.7%

7.9%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

Boundaries: Orchard to Belleview; Clarkson to I-25

4801 Preserve Parkway, Greenwood Village East

GREENWOOD VILLAGE WEST January through March

2016

Average Price

$1,469,433

$1,466,000

-0.2%

$387

$392

1.2%

84

153

82.1%

$2,296,029

$3,100,000

35.0%

7

12

71.4%

94.4%

89.5%

-5.2%

Average Price per Square Foot Average Days on Market Highest Price

2017

Properties Sold % Sold Price to List Price

% Change

The area that is now Greenwood Village was first settled in the 1860s when settlers came from all over the country in search of gold.

(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25

GREENWOOD VILLAGE WEST January through March

2016

2017

Average Price

$2,119,250

$2,219,750

4.7%

$454

$404

-10.9%

123

69

-43.9%

$4,700,000

$3,750,000

-20.2%

4

4

0.0%

96.0%

95.2%

-0.8%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

4.7%

During Q1 2017, the average price in the neighborhood of Greewood Village increased by 4.7% compared to Q1 2016.

(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25

coloradomicroreports.com

17.6%

The number of properties sold for the neighborhood of Hale Mayfair increased by 17.6% in Q1 2017 compared to Q1 2016.

HALE MAYFAIR January through March

2016

Average Price

$520,760

-5.2%

$387

$430

11.0%

40

68

70.0%

$1,010,000

$670,000

-33.7%

17

20

17.6%

100.0%

100.3%

0.3%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$549,054

Average Price per Square Foot

Highest Price

2017

Boundaries: Colorado to Holly; 6th to Colfax

HERITAGE GREENS January through March Average Price

2016

$699,994

-9.1%

$248

$250

0.9%

72

70

-2.8%

$972,500

$860,000

-11.6%

7

8

14.3%

96.8%

96.0%

-0.8%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$769,831

Average Price per Square Foot

Highest Price

2017

Boundaries: Dry Creek to County Line; Colorado Boulevard to Holly

4303 East Links Parkway, Heritage Greens

HIGHLANDS January through March

Victorian-era homes and buildings, lush gardens and parks, hip independently owned shops, art galleries, and restaurants, all make the Highlands a fun and diverse neighborhood.

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$534,533

$582,362

8.9%

$384

$408

6.2%

146

88

-39.7%

$1,075,000

$1,414,000

31.5%

74

57

-23.0%

98.9%

95.7%

-3.2%

Boundaries: W 38th Ave to Speer Blvd; S Platte River to Federal Blvd

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

QUARTER 1 2017 •COLORADOMICROREPORTS.COM

(WEST) HIGHLANDS January through March Average Price

2016

2017

$525,979

$588,025

11.8%

$388

$448

15.4%

55

32

-41.8%

$1,282,000

$1,135,000

-11.5%

43

42

-2.3%

98.0%

97.7%

-0.3%

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

3047 Newton Street, West Highlands

HIGHLANDS RANCH January through March Average Price

2016

2017

$475,340

$462,435

-2.7%

$215

$234

8.8%

28

30

7.1%

$2,604,930

$1,993,000

-23.5%

131

123

-6.1%

99.7%

98.9%

-0.8%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

8.8%

% Change

The average price per square foot for the neighborhood of Highlands Ranch increased by 8.8% in Q1 2017 compared to Q1 2016.

Boundaries: Daniels Park to County Line; Santa Fe to Quebec

HILLTOP January through March

2016

Average Price

$1,132,333

$1,359,909

20.1%

$405

$437

7.9%

82

69

-15.9%

$2,500,000

$2,500,000

0.0%

21

23

9.5%

95.0%

95.2%

0.2%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2017

% Change

Boundaries: Alameda to 6th; Colorado to Holly

530 Forest Street, Hilltop

coloradomicroreports.com

HOMESTEAD Homestead is a community composed of 760 acres, with single-family homes, town homes and multi-family housing accommodating a great mix of singles, families, retirees and second homeowners.

January through March Average Price

2016

% Change

$441,946

$459,374

3.9%

$245

$271

10.5%

20

34

70.0%

$664,500

$1,075,000

61.8%

28

29

3.6%

98.8%

96.6%

-2.3%

Average Price per Square Foot Average Days on Market Highest Price

2017

Properties Sold % Sold Price to List Price Boundaries: Colorado to Quebec; Arapahoe to Dry Creek

KEENE RANCH January through March Average Price

2016

$669,441

-25.0%

$302

$290

-4.1%

48

183

281.3%

$1,285,000

$669,441

-47.9%

5

1

-80.0%

97.1%

86.4%

-11.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$892,700

Average Price per Square Foot

Highest Price

2017

Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road

1605 Creedmoor Court, Keene Ranch

5.2%

The percent sold price to list price for the neighborhood of Ken-Caryl North Ranch increased by 5.2% in Q1 2017 compared to Q1 2016.

KEN-CARYL NORTH RANCH January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$826,667

$1,100,000

33.1%

$247

$387

56.5%

114

1

-99.1%

$950,000

$1,100,000

15.8%

3

1

-66.7%

95.1%

100.0%

5.2%

Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

QUARTER 1 2017 • COLORADOMICROREPORTS.COM

KEN-CARYL VALLEY January through March

2016

Average Price

$574,417

-10.0%

$251

$280

11.7%

48

62

29.2%

$1,045,590

$800,000

-23.5%

19

6

-68.4%

99.3%

97.6%

-1.6%

Average Days on Market

Properties Sold % Sold Price to List Price

11.7%

% Change

$637,921

Average Price per Square Foot

Highest Price

2017

During Q1 2017, the average price per square foot for the neighborhood of Ken-Caryl Valley increased by 11.7% compared to Q1 2016.

Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Caryl Ave

LAKEWOOD January through March

2016

Average Price

% Change

$397,904

$423,382

6.4%

$234

$268

14.7%

41

33

-19.5%

$1,077,607

$1,200,000

11.4%

290

304

4.8%

98.7%

98.8%

0.1%

Average Price per Square Foot Average Days on Market Highest Price

2017

Properties Sold % Sold Price to List Price Boundaries: City of Lakewood

15095 West Warren Avenue, Lakewood

LOHI January through March

2016

Average Price

% Change

$564,605

$622,752

10.3%

$385

$399

3.5%

103

112

8.7%

$1,075,000

$1,414,000

31.5%

50

43

-14.0%

98.8%

95.0%

-3.9%

Average Price per Square Foot Average Days on Market Highest Price

2017

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 Citizens of Lone Tree, located on the southern edge of the Denver metro area, take pride in their city motto, “It’s a great day to be in Lone Tree”.

January through March

2016

Average Price

$712,817

10.3%

$215

$235

9.4%

84

60

-28.6%

$1,570,000

$1,550,000

-1.3%

11

6

-45.5%

97.7%

92.4%

-5.5%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$646,364

Average Price per Square Foot

Highest Price

2017

Boundaries: South of Ridgegate parkway to County Line; Peoria to Quebec

LOWRY January through March

2016

Average Price

$722,338

-1.1%

$278

$297

6.9%

192

21

-89.1%

$1,638,000

$1,425,000

-13.0%

12

10

-16.7%

99.1%

99.0%

-0.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$730,269

Average Price per Square Foot

Highest Price

2017

Boundaries: Quebec to Unita; Alameda to 11th

643 Syracuse Street, Lowry

2.7%

The higest price for the neighborhood of The Meadows increased by 2.7% in Q1 2017 compared to Q1 2016.

THE MEADOWS January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$409,947

$439,787

7.3%

$188

$199

6.0%

38

33

-13.2%

$659,000

$677,000

2.7%

101

71

-29.7%

99.2%

98.6%

-0.6%

Boundaries: N Meadows Drive to Coachline Road; Breezy lane to Dairylide Street

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

QUARTER 1 2017 • COLORADOMICROREPORTS.COM

MONTCLAIR January through March

2016

Average Price

$508,260

$513,228

1.0%

$357

$384

7.5%

45

40

-11.1%

$1,100,000

$860,000

-21.8%

34

22

-35.3%

97.6%

96.7%

-0.9%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2017

7.5%

% Change

The average price per square foot for the neighborhood of Montclair increased by 7.5% in Q1 2017 compared to Q1 2016.

Boundaries: Holly to Quebec; 6th to Colfax

OBSERVATORY PARK January through March

2016

Average Price

$1,036,910

$955,561

-7.8%

$356

$399

11.9%

72

31

-56.9%

$2,245,000

$2,239,000

-0.3%

16

16

0.0%

93.3%

97.9%

4.9%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2017

% Change

Located on the southeastern area of Denver, the Observatory Park neighborhood is primarily made up of single-family homes, with apartments and townhomes scattered throughout the area.

Boundaries: University to Colorado; Evans to Yale

PARK HILL January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$635,864

$720,418

13.3%

$372

$401

7.8%

35

39

11.4%

$1,325,000

$1,789,400

35.0%

42

40

-4.8%

99.0%

97.8%

-1.2%

Boundaries: Colfax to 26th; Colorado to Quebec

1910 Glencoe Street, Park Hill

coloradomicroreports.com

Platt Park draws people from all over the city to enjoy South Pearl Street’s charming boutiques, restaurants, and the many antique shops found on South Broadway.

PLATT PARK January through March

2016

Average Price

% Change

$475,732

$609,000

28.0%

$423

$475

12.2%

30

8

-73.3%

$895,000

$1,030,000

15.1%

22

10

-54.5%

97.5%

100.1%

2.7%

Average Price per Square Foot Average Days on Market Highest Price

2017

Properties Sold % Sold Price to List Price Boundaries: Broadway to Downing; Louisiana to Evans

POLO RESERVE January through March

2016

2017

% Change

Average Price

-

$719,950

-

Average Price per Square Foot

-

$220

-

Average Days on Market

-

7

-

Highest Price

-

$719,950

-

No Sales

1

-

-

100.0%

-

Properties Sold % Sold Price to List Price

Boundaries: North of Mineral; South of Arabian Pl; West of the S. Platte River; East of S. Platte Canyon Rd

6955 South Polo Ridge Drive, Polo Reserve

PRADERA & TIMBERS

6.6%

During Q1 2017, the average price per square foot in the neighborhood of Pradera & Timbers increased by 6.6% compared to Q1 2016.

January through March Average Price

2016

% Change

$748,610

$797,718

6.6%

$208

$245

18.0%

112

122

8.9%

$1,250,000

$1,100,000

-12.0%

15

25

66.7%

96.7%

93.4%

-3.4%

Average Price per Square Foot Average Days on Market Highest Price

2017

Properties Sold % Sold Price to List Price Boundaries: Pradera and Timbers Subdivisions in Parker

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

QUARTER 1 2017 •COLORADOMICROREPORTS.COM

SADDLE ROCK January through March

2016

Average Price

$583,113

3.6%

$182

$195

7.0%

109

72

-33.9%

$765,000

$820,000

7.2%

20

27

35.0%

96.0%

95.4%

-0.7%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$562,943

Average Price per Square Foot

Highest Price

2017

Boundaries: North of E Dry Creek Rd; South of Smoky Hill Rd; West of E-470; East of S Liverpool St

21582 East Porland Place, Saddle Rock

SLOAN’S LAKE January through March

2016

Average Price

2017

$546,595

$708,658

29.6%

$387

$454

17.4%

26

50

92.3%

$1,050,000

$1,750,000

66.7%

32

28

-12.5%

98.7%

94.3%

-4.5%

Average Price per Square Foot Average Days on Market Highest Price

% Change

Properties Sold % Sold Price to List Price

Sloan Lake is the 44th most walkable neighborhood in Denver with approximately 7,200 residents. Sloan Lake has some public transportation and is very bikeable.

Boundaries: Colfax to 29th; Sheridan to Federal

SOUTHERN HILLS January through March

2016

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2017

% Change

$596,091

$645,393

8.3%

$342

$390

14.1%

45

15

-66.7%

$885,000

$1,130,000

27.7%

11

14

27.3%

95.5%

97.8%

2.4%

27.3%

During Q1 2017, the number of properties sold in the neighborhood of Southern Hills increased by 27.3% compared to Q1 2016.

Boundaries: University to Colorado; Yale to Hampden

coloradomicroreports.com

SOUTHGLENN

32.5%

January through March

2016

Average Price

$398,836

9.1%

$201

$239

19.0%

20

32

60.0%

$390,000

$516,900

32.5%

3

14

366.7%

97.2%

98.2%

1.1%

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

$365,633

Average Price per Square Foot

The higest price for the neighborhood of Southglenn increased by 32.5% in Q1 2017 compared to Q1 2016.

2017

Boundaries: Washington to University; Arapahoe to Dry Creek

STAPLETON January through March

2016

Average Price

$653,878

7.0%

$263

$286

8.7%

28

89

217.9%

$1,200,000

$1,305,332

8.8%

33

53

60.6%

100.0%

99.0%

-1.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$611,112

Average Price per Square Foot

Highest Price

2017

Boundaries: Quebec to Havana; 23rd to 40th

2821 Xenia Street, Stapleton

TALLYN’S REACH January through March

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

2016

2017

% Change

$486,011

$525,885

8.2%

$195

$197

0.8%

71

53

-25.4%

$795,000

$1,087,000

36.7%

23

30

30.4%

97.5%

97.4%

-0.2%

Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

QUARTER 1 2017 • COLORADOMICROREPORTS.COM

UPTOWN January through March Average Price

2016

$424,091

-0.2%

$317

$373

17.6%

165

26

-84.2%

$915,000

$635,000

-30.6%

36

33

-8.3%

100.0%

103.5%

3.5%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$425,132

Average Price per Square Foot

Highest Price

2017

3.5%

The percent sold price to list price for the neighborhood of Uptown increased by 3.5% in Q1 2017 compared to Q1 2016.

Boundaries: North of Colfax; East of Broadway; South of 20th; 20th & Park to 19th; West of Josephine

WASHINGTON PARK EAST January through March Average Price

2016

$1,151,037

19.8%

$472

$531

12.5%

59

67

13.6%

$2,230,000

$3,090,000

38.6%

18

30

66.7%

96.0%

95.2%

-0.9%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$960,717

Average Price per Square Foot

Highest Price

2017

Boundaries: Lousisana to Ellsworth; Downing to University

965 South Race Street, Washington Park East

WASHINGTON PARK WEST January through March Average Price

2016

$574,339

9.1%

$390

$437

12.0%

27

30

11.1%

$755,000

$775,000

2.6%

30

24

-20.0%

98.2%

99.8%

1.7%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$526,447

Average Price per Square Foot

Highest Price

2017

Washington Park features 155 acres of pleasant grounds including two lakes and two flower gardens, one of which is a replica of George Washington’s gardens at Mount Vernon.

Boundaries: Louisiana to Ellsworth; Broadway to Downing

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.