MICROMARKET REPORT |
Denver Metro • Quarter 1 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 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: 1450 Wynkoop Street #1L, 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 another consecutive quarter of impressive price appreciation taking place in Quarter 1 2018. While the total number of homes sold January through March 2018 saw a slight decrease year-over-year, the increase in the overall total dollar volume sold of 6.1% was due nearly entirely from price increases. New listings to the market remained the same year-over year in Quarter 1 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 seeing a 6.7% decrease, to just 28 days, and a sold-price to list-price ratio of 99.4%. 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. In Quarter 1 2018, several micro markets demonstrated increases in average sales price in excess of 15%: Belmar, Bow Mar/Bow Mar South, Capitol Hill, Castle Pines Village, Cherry Hills Village, Columbine Valley, Cory-Merrill, Crestmoor, Golden Triangle, Hale Mayfair, Heritage Greens, Homestead, Keene Ranch, Observatory Park, Platt Park, Polo Reserve, Saddle Rock, and Southern Hills. 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
DENVER METRO January through March
2017
2018
% Change
New Listings
14,076
13,989
-0.6%
Sold Listings (All Properties)
10,500
10,102
-3.8%
7,351
6,917
-5.9%
$455,057
$499,297
9.7%
3,149
3,185
1.1%
$300,986
$343,622
14.2%
30
28
-6.7%
98.8%
99.4%
0.6%
$4,288,729,699
$4,549,652,307
6.1%
Sold Single Family 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
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 2018 • COLORADOMICROREPORTS.COM
DENVER (CITY) January through March Average Price
2017
$488,907
13.4%
$269
$298
10.8%
29
30
3.4%
$3,832,953
$4,975,000
29.8%
2,833
2,878
1.6%
98.5%
99.1%
0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$431,285
Average Price per Square Foot
Highest Price
2018
Boundaries: City of Denver
1125 South Jackson Street, Denver
BAKER January through March Average Price
2017
$473,809
9.9%
$349
$383
9.8%
38
77
102.6%
$570,000
$700,000
22.8%
22
23
4.5%
98.6%
101.2%
2.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$431,109
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 March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$782,280
$767,000
-2.0%
$295
$302
2.3%
202
208
3.0%
$876,400
$879,000
0.3%
5
2
-60.0%
95.1%
97.4%
2.4%
Boundaries: I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle
628 Young Circle, Bell Mountain Ranch
coloradomicroreports.com
22.5%
The average price for the neighborhood of Belmar increased by 22.5% January through March 2018 compared to that of 2017.
BELMAR January through March
2017
Average Price
% Change
$381,402
$467,360
22.5%
$249
$254
1.6%
56
38
-32.1%
$630,000
$1,125,000
78.6%
12
10
-16.7%
98.6%
98.5%
-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 March
2017
Average Price
$570,208
10.8%
$405
$504
24.4%
29
18
-37.9%
$1,300,000
$1,200,000
-7.7%
36
30
-16.7%
95.4%
98.2%
2.9%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
$514,664
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 March
2017
2018
Average Price
$1,215,867
$1,120,286
-7.9%
$464
$507
9.1%
41
29
-29.3%
$2,250,000
$2,500,000
11.1%
11
14
27.3%
97.2%
99.4%
2.2%
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 Columbine Street, Bonnie Brae
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
QUARTER 1 2018 • COLORADOMICROREPORTS.COM
BOW MAR/BOW MAR SOUTH January through March
2017
Average Price
$1,357,292
$1,599,000
17.8%
$364
$524
44.0%
126
14
-88.9%
$2,450,000
$1,698,000
-30.7%
6
2
-66.7%
87.5%
97.9%
11.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
17.8%
The average price for the neighborhoods of Bow Mar/Bow Mar South increased by 17.8% January through March 2018 compared to that of 2017.
Boundaries:
CAPITOL HILL January through March Average Price
2017
$425,725
38.9%
$324
$385
18.8%
21
46
119.0%
$775,000
$3,100,000
300.0%
70
95
35.7%
98.8%
99.6%
0.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$306,591
Average Price per Square Foot
Highest Price
2018
Boundaries: Broadway to Downing; 6th to Colfax
670 North Ogden Street, 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
2017
2018
% Change
$686,818
$601,423
-12.4%
$221
$245
11.0%
101
95
-5.9%
$1,400,000
$899,000
-35.8%
17
13
-23.5%
93.5%
97.5%
4.2%
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 March
2017
2018
Average Price
$1,010,789
$1,209,452
19.7%
$290
$334
15.1%
156
246
57.7%
$3,000,000
$2,600,000
-13.3%
25
21
-16.0%
91.8%
92.9%
1.1%
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
102 Coulter Place, Castle Pines Village
8.2%
January through March 2018, the average price in the neighborhood of Cheesman increased by 8.2% compared to that of 2017.
CHEESMAN January through March
2017
Average Price
$417,293
8.2%
$347
$349
0.7%
65
40
-38.5%
$1,045,000
$1,460,000
39.7%
37
40
8.1%
98.1%
97.9%
-0.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$385,508
Average Price per Square Foot
Highest Price
2018
Boundaries: York to Downing; Colfax to 8th
CHERRY CREEK NORTH January through March
2017
2018
Average Price
$1,136,998
$1,152,625
1.4%
$470
$446
-5.0%
84
62
-26.2%
$2,750,000
$2,695,000
-2.0%
32
24
-25.0%
93.9%
92.4%
-1.5%
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
512 Cook Street, Cherry Creek North
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
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CHERRY CREEK EAST & SOUTH January through March
2017
Average Price
$720,108
16.0%
$372
$381
2.4%
87
64
-26.4%
$1,720,000
$3,250,000
89.0%
29
31
6.9%
98.0%
96.4%
-1.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$620,671
Average Price per Square Foot
Highest Price
2018
16.0%
January through March 2018, the average price in the neighborhood of Cherry Creek East & South increased by 16.0% compared to that of 2017.
Boundaries: University to Colorado; Alameda to 1st
CHERRY HILLS VILLAGE January through March
2017
Average Price
$1,316,385
$1,689,063
28.3%
$358
$389
8.8%
102
89
-12.7%
$2,086,000
$3,962,500
90.0%
13
16
23.1%
90.6%
92.7%
2.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
4580 South Franklin Street, Cherry Hills Village
CHERRY HILLS VILLAGE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$2,961,076
$2,644,038
-10.7%
$483
$411
-14.8%
197
140
-28.9%
$6,000,000
$4,125,000
-31.3%
16
8
-50.0%
87.2%
91.0%
4.3%
Cherry Hills Village, located just south of Denver, was named for the cherry tree groves that lined the original town site.
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
coloradomicroreports.com
CITY PARK January through March
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
$518,631
$577,366
11.3%
$349
$391
12.0%
41
23
-43.9%
$800,000
$875,000
9.4%
13
19
46.2%
95.8%
98.1%
2.4%
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 March
2017
2018
Average Price
$680,320
$804,000
18.2%
$471
$496
5.3%
21
14
-33.3%
$855,000
$1,100,000
28.7%
5
5
0.0%
97.1%
97.5%
0.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: York to Colorado; Colfax to 17th
2247 North Williams Street, City Park
89.1%
The highest price for the neighborhood of Columbine Valley increased by 89.1% January through December 2018 compared to that of 2017.
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
2017
2018
% Change
$872,900
$1,440,848
65.1%
$313
$439
40.1%
74
372
402.7%
$1,370,000
$2,590,000
89.1%
10
5
-50.0%
94.9%
94.3%
-0.7%
Boundaries: South Polo Ridge Drive to West Boles Avenue; Platte Canyon Road to South Platte River
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
QUARTER 1 2018 • COLORADOMICROREPORTS.COM
CONGRESS PARK January through March
2017
Average Price
% Change
$526,061
$527,622
0.3%
$406
$407
0.2%
25
20
-20.0%
$1,090,020
$1,152,500
5.7%
41
41
0.0%
99.6%
99.7%
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 March Average Price
2017
% Change
$784,848
$917,716
16.9%
$416
$474
13.9%
52
69
32.7%
$1,350,000
$1,677,000
24.2%
20
32
60.0%
95.6%
95.9%
0.3%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price
13.9%
The average price per square foot for the neighborhood of Cory-Merrill increased by 13.9% January through March 2018 compared to that of 2017.
Boundaries: South University Blvd to South Colorado Blvd; I-25 to East Mississippi Ave
COUNTRY CLUB January through March
2017
2018
% Change
Average Price
-
$4,062,500
-
Average Price per Square Foot
-
$725
-
Average Days on Market
-
159
-
Highest Price
-
$4,975,000
-
No Sales
2
-
-
93.2%
-
Properties Sold % Sold Price to List Price
Boundaries: University to Downing 1st-4th; Race to University 4th-6th
177 North Humboldt Street, Country Club
coloradomicroreports.com
CRESTMOOR January through March
2017
Average Price
2018
$857,200
$1,418,880
65.5%
$405
$430
6.0%
18
58
222.2%
$1,158,500
$2,450,000
111.5%
5
6
20.0%
97.0%
98.0%
1.0%
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
220 Jersey Street, Crestmoor
12.5%
January through March 2018, the average price in Downtown Denver increased by 12.5% compared to that of 2017.
DOWNTOWN January through March Average Price
2017
2018
$514,154
$578,252
12.5%
$453
$443
-2.2%
67
103
53.7%
$1,850,000
$1,865,000
0.8%
117
103
-12.0%
96.0%
97.0%
1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Downtown Denver MLS Area
GOLDEN TRIANGLE January through March Average Price Average Price per Square Foot
2017
2018
$444,150
$586,861
32.1%
$327
$367
12.4%
42
185
340.5%
$634,500
$1,055,000
66.3%
10
18
80.0%
95.8%
98.9%
3.3%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: North Speer Boulevard to Broadway; Colfax to 7th
930 Acoma Street #319, Golden Triangle
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
QUARTER 1 2018 • COLORADOMICROREPORTS.COM
GREENWOOD VILLAGE EAST January through March
2017
2018
Average Price
$1,124,727
$1,229,567
9.3%
$333
$335
0.6%
101
87
-13.9%
$2,034,000
$2,100,000
3.2%
11
12
9.1%
95.7%
96.2%
0.5%
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
43 Sommerset Circle, Greenwood Village East
GREENWOOD VILLAGE WEST January through March Average Price
2017
$1,437,263
-2.0%
$392
$371
-5.4%
153
71
-53.6%
$3,100,000
$3,375,000
8.9%
12
8
-33.3%
89.5%
92.2%
3.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,466,000
Average Price per Square Foot
Highest Price
2018
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 March
2017
Average Price
$2,219,750
$1,589,000
-28.4%
$404
$478
18.3%
69
70
1.4%
$3,750,000
$1,944,000
-48.2%
4
3
-25.0%
95.2%
94.3%
-1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
18.3%
January through March 2018, the average price per square foot for the neighborhood of Greewood Village increased by 18.3% compared to that of 2017.
(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
coloradomicroreports.com
37.2%
The average price for the neighborhood of Hale Mayfair increased by 37.2% January through March 2018 compared to that of 2017.
HALE MAYFAIR January through March
2017
Average Price
$714,333
37.2%
$430
$493
14.6%
68
21
-69.1%
$670,000
$1,179,000
76.0%
20
9
-55.0%
100.3%
100.9%
0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$520,760
Average Price per Square Foot
Highest Price
2018
Boundaries: Colorado to Holly; 6th to Colfax
HERITAGE GREENS January through March
2017
Average Price
$699,994
$1,024,000
46.3%
$250
$458
83.0%
70
9
-87.1%
$860,000
$1,024,000
19.1%
8
1
-87.5%
96.0%
93.5%
-2.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Boundaries: Dry Creek to County Line; Colorado Boulevard to Holly
5298 East Otero Circle, Heritage Greens
10.4%
January through March 2018, the average price per square foot for the neighborhood of Highlands increased by 10.4% compared to that of 2017.
HIGHLANDS January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$582,362
$553,310
-5.0%
$408
$450
10.4%
88
53
-39.8%
$1,414,000
$1,300,000
-8.1%
57
68
19.3%
95.7%
98.5%
2.9%
Boundaries: W 38th Ave to Speer Blvd; S Platte River to Federal Blvd
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
QUARTER 1 2018 •COLORADOMICROREPORTS.COM
(WEST) HIGHLANDS January through March Average Price
2017
2018
$588,025
$572,730
-2.6%
$448
$478
6.9%
32
18
-43.8%
$1,135,000
$1,025,000
-9.7%
42
41
-2.4%
97.7%
98.9%
1.2%
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
3301 West Clyde Place, West Highlands
HIGHLANDS RANCH January through March Average Price
2017
2018
$462,435
$519,666
12.4%
$234
$248
6.2%
30
17
-43.3%
$1,993,000
$2,405,000
20.7%
123
103
-16.3%
98.9%
100.3%
1.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
6.2%
% Change
The average price per square foot for the neighborhood of Highlands Ranch increased by 6.2% January through March 2018 compared to that of 2017.
Boundaries: Daniels Park to County Line; Santa Fe to Quebec
HILLTOP January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$1,359,909
$1,304,727
-4.1%
$437
$451
3.2%
69
124
79.7%
$2,500,000
$2,650,000
6.0%
23
15
-34.8%
95.2%
96.1%
1.0%
Boundaries: Alameda to 6th; Colorado to Holly
50 & 60 Clermont Street, Hilltop
coloradomicroreports.com
HOMESTEAD January through March Average Price
2017
% Change
$459,374
$568,859
23.8%
$271
$291
7.4%
34
33
-2.9%
$1,075,000
$1,275,000
18.6%
29
17
-41.4%
96.6%
97.8%
1.2%
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
7131 South Forest Court, Homestead
KEENE RANCH January through March
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.
Average Price
2017
$951,250
42.1%
$290
$320
10.6%
183
133
-27.3%
$669,441
$1,200,000
79.3%
1
4
300.0%
86.4%
85.0%
-1.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$669,441
Average Price per Square Foot
Highest Price
2018
Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road
14.2%
The highest price for the neighborhood of Ken-Caryl North Ranch increased by 14.2% January through March 2018 compared to that of 2017.
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
2017
2018
% Change
$1,100,000
$990,330
-10.0%
$387
$278
-28.1%
1
97
9600.0%
$1,100,000
$1,256,150
14.2%
1
5
400.0%
100.0%
95.3%
-4.7%
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
2017
Average Price
% Change
$574,417
$717,557
24.9%
$280
$300
7.1%
62
64
3.2%
$800,000
$1,125,000
40.6%
6
7
16.7%
97.6%
98.5%
0.9%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price
7.1%
January through March 2018, the average price per square foot for the neighborhood of Ken-Caryl Valley increased by 7.1% compared to that of 2017.
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Caryl Ave
LAKEWOOD January through March
2017
Average Price
% Change
$423,382
$471,411
11.3%
$268
$300
11.9%
33
29
-12.1%
$1,200,000
$1,900,000
58.3%
304
298
-2.0%
98.8%
99.0%
0.2%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: City of Lakewood
15274 West Evans Place, Lakewood
LOHI January through March
2017
Average Price
% Change
$622,752
$573,756
-7.9%
$399
$448
12.3%
112
53
-52.7%
$1,414,000
$1,300,000
-8.1%
43
52
20.9%
95.0%
99.0%
4.2%
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
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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 March
2017
Average Price
$825,028
16.0%
$267
$280
5.1%
53
68
28.3%
$2,344,218
$1,500,000
-36.0%
37
54
45.9%
96.0%
97.1%
1.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$711,300
Average Price per Square Foot
Highest Price
2018
Boundaries: South of Ridgegate parkway to County Line; Peoria to Quebec
LOWRY January through March
2017
Average Price
$822,988
13.9%
$297
$318
6.9%
21
39
85.7%
$1,425,000
$1,575,000
10.5%
10
39
290.0%
99.0%
99.4%
0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$722,338
Average Price per Square Foot
Highest Price
2018
Boundaries: Quebec to Unita; Alameda to 11th
7651 East 8th Avenue, Lowry
6.1%
The average price for the neighborhood of The Meadows increased by 6.1% January through March 2018 compared that of 2017.
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
2017
2018
% Change
$439,787
$466,800
6.1%
$199
$214
7.2%
33
27
-18.2%
$677,000
$750,000
10.8%
71
83
16.9%
98.6%
99.2%
0.6%
Boundaries: N Meadows Drive to Coachline Road; Breezy lane to Dairylide Street
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
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MONTCLAIR January through March Average Price
2017
$682,703
33.0%
$384
$410
6.9%
40
60
50.0%
$860,000
$682,703
-20.6%
22
23
4.5%
96.7%
97.1%
0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
6.9%
% Change
$513,228
Average Price per Square Foot
Highest Price
2018
The average price per square foot for the neighborhood of Montclair increased by 6.9% January through March 2018 compared to that of 2017.
Boundaries: Holly to Quebec; 6th to Colfax
OBSERVATORY PARK January through March Average Price
2017
$1,279,375
33.9%
$399
$379
-4.8%
31
86
177.4%
$2,239,000
$1,950,000
-12.9%
16
16
0.0%
97.9%
95.1%
-2.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$955,561
Average Price per Square Foot
Highest Price
2018
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 March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$720,418
$706,283
-2.0%
$401
$450
12.1%
39
20
-48.7%
$1,789,400
$1,532,500
-14.4%
40
40
0.0%
97.8%
99.6%
1.8%
Boundaries: Colfax to 26th; Colorado to Quebec
2065 Holly 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 March
2017
Average Price
$609,000
$703,889
15.6%
$475
$477
0.5%
8
23
187.5%
$1,030,000
$1,608,256
56.1%
10
22
120.0%
100.1%
99.1%
-1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Boundaries: Broadway to Downing; Louisiana to Evans
POLO RESERVE January through March
2017
Average Price
$1,570,000
118.1%
$220
$410
86.4%
7
371
5200.0%
$719,950
$1,570,000
118.1%
1
1
0.0%
100.0%
89.7%
-10.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$719,950
Average Price per Square Foot
Highest Price
2018
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
4.8%
January through March 2018, the percent sold price to list price in the neighborhood of Pradera & Timbers increased by 4.8% compared to that of 2017.
PRADERA & TIMBERS January through March Average Price
2017
% Change
$797,718
$688,245
-13.7%
$245
$241
-1.6%
122
41
-66.4%
$1,100,000
$1,007,000
-8.5%
25
21
-16.0%
93.4%
97.9%
4.8%
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
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SADDLE ROCK January through March
2017
Average Price
2018
$583,113
$687,122
17.8%
$195
$198
1.6%
72
67
-6.9%
$820,000
$960,000
17.1%
27
13
-51.9%
95.4%
98.2%
3.0%
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
21406 East Ottawa Circle, Saddle Rock
SLOAN’S LAKE January through March
2017
Average Price
2018
$708,658
$630,163
-11.1%
$454
$497
9.4%
50
26
-48.0%
$1,750,000
$1,151,820
-34.2%
28
27
-3.6%
94.3%
96.9%
2.8%
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 March
2017
Average Price
% Change
$645,393
$745,500
15.5%
$390
$454
16.3%
15
32
113.3%
$1,130,000
$1,300,000
15.0%
14
7
-50.0%
97.8%
98.7%
0.9%
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
16.3%
January through March 2018, the average price per square foot for the neighborhood of Southern Hills increased by 16.3% compared to that of 2017.
coloradomicroreports.com
SOUTHGLENN
14.5%
January through March
2017
Average Price
2018
$398,836
$456,617
14.5%
$239
$283
18.3%
32
8
-75.0%
$516,900
$550,000
6.4%
14
12
-14.3%
98.2%
101.9%
3.8%
Average Price per Square Foot Average Days on Market
The average price for the neighborhood of Southglenn increased by 14.5% January through March 2018 compared to that of 2017.
Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Washington to University; Arapahoe to Dry Creek
STAPLETON January through March
2017
Average Price
$684,013
4.6%
$286
$311
8.8%
89
46
-48.3%
$1,305,332
$1,355,347
3.8%
53
62
17.0%
99.0%
99.5%
0.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$653,878
Average Price per Square Foot
Highest Price
2018
Boundaries: Quebec to Havana; 23rd to 40th
2920 Clinton 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
2017
2018
% Change
$525,885
$545,807
3.8%
$197
$223
13.7%
53
74
39.6%
$1,087,000
$835,000
-23.2%
30
23
-23.3%
97.4%
98.1%
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
QUARTER 1 2018 • COLORADOMICROREPORTS.COM
UPTOWN January through March Average Price
2017
$460,434
8.6%
$373
$367
-1.5%
26
33
26.9%
$635,000
$900,000
41.7%
33
28
-15.2%
103.5%
98.8%
-4.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$424,091
Average Price per Square Foot
Highest Price
2018
8.6%
The average price per square foot for the neighborhood of Uptown increased by 8.6% January through March 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 March
2017
Average Price
$1,151,037
$1,262,469
9.7%
$531
$586
10.3%
67
52
-22.4%
$3,090,000
$3,650,000
18.1%
30
24
-20.0%
95.2%
96.3%
1.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Boundaries: Lousisana to Ellsworth; Downing to University
857 South High Street, Washington Park East
WASHINGTON PARK WEST January through March Average Price
2017
$694,097
20.9%
$437
$474
8.6%
30
27
-10.0%
$775,000
$1,289,000
66.3%
24
27
12.5%
99.8%
99.3%
-0.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$574,339
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
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.