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
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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
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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
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(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
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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
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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.