QUARTER 1 2022
Micro Market Report DENVER METRO
346 Elm Street
1885 E Cedar Avenue
Denver Metro MARKET UPDATE
Last year, Denver Metro continued to be a hot destination to buy and sell homes. With more people able to work from anywhere, pursue their passions, and live the life they love, Colorado and its capital city experienced a wave of real estate activity that has finally begun to settle back into more typical season patterns in 2022. Denver Metro boasts some of the best entertainment options, business opportunities, and outdoor access in the country and for those reasons and many more, this city and its surrounding communities will continue to be a popular choice for homebuyers and sellers. According to LIV Sotheby’s International Realty’s (LIV SIR) Q1 Micro Market Report, which compares real estate data through March of this year compared to the same frame in 2021, the number of homes sold across the six-county Denver Metro area decreased slightly in comparison to the exponential growth that the market was experiencing last year. Through March of this year, there have been 10,740 homes sold – down 11.1% from 2021. Despite the small decrease in property sales, home values in the area are still appreciating, incentivizing sellers to list their homes on the market and in turn creating additional inventory for buyers to choose from. During the first quarter of the year, the average price for a single family home in Denver Metro increased by 16.1% - bringing the average single family home price to $743,411. Looking at attached homes, the average price through Q1 was $467,706 – a 16.7% increase. Overall, the total dollar volume sold in Denver Metro through March of this year compared to the same period in 2021 rose by 3.9% to reach a total sale volume of $7,012,733,483. Several specific neighborhoods within Denver Metro also saw similar upward trends in the number of listings sold, appreciating home prices, and other key market metrics. For example, homes in Cherry Hills Village set on less than an acre of land saw a 100% increase in the number of listings sold and appreciated by 32.5% to reach an average price of $2,832,113. The Golden Triangle community, beloved for its nearness to downtown and its many art galleries, saw a 35.3% increase in sales. Additionally, Platt Park experienced an impressive 76.9% increase in property sales through March of this year.
of Denver where both single family homes and condominiums increased in price by 10% to reach an average sale price of $679,243. Other areas neighborhoods such as Hilltop and Highlands also saw home prices appreciate, growing by 38.6% and 22.4% respectively. Denver’s historic Capitol Hill neighborhood offered the most affordability during Q1, with properties selling for an average price of $466,161. Sustained demand for Denver Metro homes paired with the challenges of limited inventory continues to accelerate the speed of the market. The City of Denver saw homes spending 43.3% less time on the market through March of this year compared to the same time frame in 2021 – averaging just 17 days on the market for local homes. Homebuyers looking to take their time finding the perfect home may prefer to shop in the Cherry Hills Village neighborhood where homes on more than an acre of land are selling within an average of 46 days. Those in the market for a condominium in Downtown Denver will enjoy the most relaxed pace. Condominiums in this area remain on the market for an average of 56 days thus far in 2022. The Denver Metro home market is making its way back to its regularly observed seasonal buying and selling trends. As this year progresses and this high-demand market will continue to create opportunities for both buyers and sellers to create the life they love.
DENVER METRO January through March
2021
2022
% Change
New Listings
14,218
13,356
-6.1%
Sold Listings (All Properties)
12,079
10,740
-11.1%
7,911
7,213
-8.8%
4,168
3,527
-15.4%
22
14
-36.4%
Average Sold Price (Single Family)
$640,566
$743,411
16.1%
Average Sold Price (Attached)
$400,801
$467,706
16.7%
101.3%
103.6%
2.3%
$6,748,398,117
$7,012,733,483
3.9%
Sold Single Family Sold Attached Average Days on Market
% Sold Price to Original List Price Total Dollar Volume Sold
Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson
Average prices have been on the rise in many neighborhoods across Denver Metro. This trend can be seen in the City
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.
coloradomicroreports.com
DENVER METRO NEIGHBORHOODS
1.
Baker
12. City Park
25. Heritage Greens
38. Platt Park
2.
Belmar
13. City Park South
26. Highlands
39. Polo Reserve
3.
Berkeley
14. Columbine Valley
27. Hilltop
40. RiNo
4.
Bonnie Brae / Belcaro
15. Congress Park
28. Homestead
41. Saddle Rock Golf Club
5.
Bow Mar / Bow Mar
16. Cory-Merrill
29. Jefferson Park
42. Sloan’s Lake
South
17. Country Club
30. Ken Caryl North Ranch
43. Southern Hills
6.
Capitol Hill
18. Crestmoor Park
31. Ken Caryl Valley
44. Southglenn
7.
Central Park
19. Denver (City)
32. Lakewood
45. Southmoor Park
8.
Cheesman Park
20. Downtown Denver
33. LoHi
46. Sunnyside
9.
Cherry Creek East /
21. Golden Triangle
34. Lowry
47. Tallyn’s Reach
South
22. Greenwood Village East
35. Montclair
48. Uptown
10. Cherry Creek North
23. Greenwood Village West
36. Observatory Park
49. Washington Park East
11. Cherry Hills Village
24. Hale Mayfair
37. Park Hill
50. Washington Park West
46
3
26
51
40
33 42
7
12
29
20 48 21
8
6
19
37
13
17
15
24
35
27
10
18
9
1
34
2 50 32
49
38
4 16
36
43
45 11 5 23
14
22
44
28 30 39 31
25
47 41
MICRO MARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - MARCH 2022 • COLORADOMICROREPORTS.COM
DENVER (CITY)
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$613,225
$679,243
10.8%
$419
$484
15.6%
30
17
-43.3%
$6,075,000
$9,000,000
48.1%
3,520
3,054
-13.2%
100.7%
104.2%
3.5%
Boundaries: City of Denver
BAKER
January through March
Baker, which was designated a historic district by the City of Denver in 2000, is lined with 19th-century brick houses and charming local restaurants and businesses.
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$535,125
$690,721
29.1%
$434
$541
24.7%
52
21
-59.6%
$750,000
$1,227,500
63.7%
22
24
9.1%
99.8%
105.7%
5.8%
Boundaries: 6 Avenue to Mississippi; South Platte River to Broadway
BELMAR
th
74.4%
January through March Average Price Average Price Per Square Foot Average Days on Market
The average days on market in Belmar
Highest Price
decreased by 74.4% in the first quarter of
Properties Sold
2022 compared to that of 2021.
% Sold Price to List Price
2021
2022
% Change
$457,070
$586,583
28.3%
$319
$381
19.5%
43
11
-74.4%
$683,000
$1,195,000
75.0%
7
6
-14.3%
98.9%
106.0%
7.2%
Boundaries: Kentucky to Alameda; Wadsworth to Pierce
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$792,741
$902,842
13.9%
$606
$700
15.5%
13
13
0.0%
$1,435,000
$2,565,000
78.7%
32
26
-18.8%
105.8%
109.7%
3.7%
BERKELEY
January through March
Boundaries: W 38th Ave to I-70; Sheridan to Federal
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$1,698,252
$2,085,559
22.8%
$627
$851
35.9%
36
9
-75.0%
$4,895,000
$5,500,000
12.4%
22
14
-36.4%
100.6%
106.8%
6.2%
Designed to resemble a Scottish village, Bonnie Brae / Belcaro features winding tree-lined streets, a circular central park, and a collection of small shops.
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
62.3%
2021
2022
% Change
$5,400,000
$2,033,333
-62.3%
$679
$705
3.9%
1
4
300.0%
$5,400,000
$2,350,000
-56.5%
The average home price in Bow Mar /
1
3
200.0%
Bow Mar South decreased by 62.3%
100.0%
111.9%
11.9%
Boundaries: West Quincy Avenue to West Bowles Avenue
in the first quarter of 2022 compared to that of 2021.
BOW MAR / BOW MAR SOUTH
January through March
BONNIE BRAE / BELCARO
January through March
CAPITOL HILL
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$374,906
$466,161
24.3%
$386
$430
11.4%
40
14
-65.0%
$1,655,000
$4,600,000
177.9%
117
100
-14.5%
97.2%
103.1%
6.1%
CHEESMAN PARK
CENTRAL PARK
Boundaries: Broadway to Downing; 6th Avenue to Colfax
27.8% The average home price in Central
Park increased by 27.8% in the first quarter of 2022 compared to that of 2021.
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$780,248
$997,185
27.8%
$352
$446
26.6%
13
10
-23.1%
$1,390,000
$1,650,000
18.7%
75
54
-28.0%
101.6%
106.2%
4.6%
Boundaries: Quebec to Havana; Montview to 64th
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$580,425
$577,936
-0.4%
$413
$475
15.0%
77
18
-76.6%
$4,900,000
$3,250,000
-33.7%
51
38
-25.5%
96.6%
101.7%
5.3%
Boundaries: York to Downing; Colfax to 8th Avenue
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$668,794
$808,826
20.9%
$428
$471
10.0%
64
26
-59.4%
$1,400,000
$1,850,000
32.1%
42
22
-47.6%
97.0%
102.4%
5.6%
Cherry Creek is an affluent residential district with a vibrant shopping scene. Overlooking the creek itself, Cherry Creek Mall has department stores, high-end fashion boutiques, and eclectic eateries.
Boundaries: University to Colorado; Alameda to 1st Avenue
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$1,449,854
$1,811,882
25.0%
$661
$764
15.6%
70
32
-54.3%
$3,360,000
$9,000,000
167.9%
41
35
-14.6%
94.6%
100.3%
CHERRY CREEK NORTH
January through March
6.0%
Boundaries: York to Colorado; 1 Avenue to 6 Avenue st
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
th
2021
2022
% Change
$2,138,125
$2,832,113
32.5%
$655
$720
9.9%
73
4
-94.5%
$3,210,000
$7,100,000
121.2%
4
8
100.0%
92.2%
112.5%
22.1%
(Under One Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
94.5% The average days on market in Cherry
Hills Village (under one acre) decreased by 94.5% in the first quarter of 2022 compared to that of 2021.
CHERRY HILLS VILLAGE
January through March
CHERRY CREEK EAST / SOUTH
January through March
CHERRY HILLS VILLAGE CITY PARK
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2022
% Change
$4,803,333
$4,080,769
-15.0%
$679
$766
12.9%
81
46
-43.2%
$7,850,000
$9,000,000
14.6%
9
13
44.4%
93.3%
97.5%
4.5%
(Over One Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
55.6% The average days on market in City Park decreased by 55.6% in the first quarter of 2022 compared to that of
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$864,755
$754,762
-12.7%
$474
$531
12.1%
45
20
-55.6%
$1,356,215
$1,310,000
-3.4%
27
21
-22.2%
102.7%
102.7%
0.0%
Boundaries: Downing to York; 18 to Martin Luther King th
2021.
CITY PARK SOUTH
2021
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$965,000
$1,092,500
13.2%
$458
$586
28.1%
76
4
-94.7%
$1,050,000
$1,225,000
16.7%
2
2
0.0%
97.4%
107.5%
10.4%
Boundaries: York to Colorado; Colfax to 17th
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$1,703,000
$1,990,000
16.9%
$426
$474
11.3%
89
4
-95.5%
$3,500,000
$2,925,000
-16.4%
5
3
-40.0%
94.4%
103.9%
10.0%
95.5% The average days on market in Columbine Valley decreased by 95.5% in the first quarter of 2022 compared to that of 2021.
Boundaries: South Polo Ridge Drive to West Bowles; Platte Canyon Road to South Platte River
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$559,749
$754,555
34.8%
$470
$527
12.1%
26
14
-46.2%
$1,235,000
$1,736,000
40.6%
37
40
8.1%
99.8%
104.6%
4.7%
CONGRESS PARK
January through March
Boundaries: York to Colorado; 6 Avenue to Colfax th
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$1,170,532
$1,237,250
5.7%
$545
$700
28.4%
26
18
-30.8%
$1,920,000
$3,190,000
66.1%
27
27
0.0%
102.0%
102.0%
0.0%
Boundaries: South University Blvd to South Colorado Blvd; 1-25 to East Mississippi Ave
Named after John J. Cory and Louise A. Merrill, two influential Denver educators, Cory-Merrill is a popular area for residents looking for a laid-back, family-friendly neighborhood.
CORY-MERRILL
January through March
COLUMBINE VALLEY
January through March
COUNTRY CLUB
49.8% The average home price in Country Club
decreased by 49.8% in the first quarter of 2022 compared to that of 2021.
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$3,601,017
$1,808,750
-49.8%
$789
$729
-7.7%
73
19
-74.0%
$6,075,000
$2,150,000
-64.6%
8
4
-50.0%
100.1%
91.1%
-9.0%
DOWNTOWN DENVER
CRESTMOOR PARK
Boundaries: University to Downing 1st - 4th; Race to University 4th - 6th
74.1%
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price
The average home price in Crestmoor park
Properties Sold
increased by 74.1% in the first quarter of
% Sold Price to List Price
2022 compared to that of 2021.
2021
2022
% Change
$1,299,667
$2,263,100
74.1%
$564
$682
21.0%
15
7
-53.3%
$1,450,000
$3,895,000
168.6%
3
5
66.7%
98.9%
109.8%
11.1%
Boundaries: Holly to Monaco; Bayaud to 6 Avenue th
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$727,257
$748,603
2.9%
$548
$556
1.6%
63
56
-11.1%
$5,147,600
$4,100,000
-20.4%
160
154
-3.8%
97.2%
99.0%
1.8%
(Attached Dwellings) Boundaries: Downtown Denver MLS Area
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$574,412
$614,314
6.9%
$394
$431
9.4%
65
43
-33.8%
$1,175,000
$994,500
-15.4%
17
23
35.3%
95.5%
100.9%
5.7%
GOLDEN TRIANGLE
January through March
Boundaries: North Speer Blvd to Broadway; Colfax to 7th
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$1,638,722
$1,670,200
1.9%
$429
$548
27.6%
45
7
-84.4%
$2,230,000
$2,200,000
-1.3%
9
5
-44.4%
96.8%
106.0%
9.5%
Greenwood Village East contains nationally recognized business parks, like the Denver Tech Center, a variety of delicious restaurants, and the popular Fiddler’s Green Amphitheater.
Boundaries: I-25 to Havana; Belleview to Orchard
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
95.2%
2021
2022
% Change
$2,326,618
$2,746,992
18.1%
$533
$618
15.8%
34
17
-50.0%
$3,445,000
$6,725,000
95.2%
11
12
9.1%
Village West (under one acre) increased by
99.1%
104.0%
4.9%
95.2% in the first quarter of 2022 compared
(Under One Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
The highest priced home in Greenwood
to that of 2021.
GREENWOOD VILLAGE WEST
January through March
GREENWOOD VILLAGE EAST
January through March
The average price per square foot in
Greenwood Village West (over one acre) increased by 74.6% in the first quarter of 2022 compared to that of 2021.
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$1,774,500
$2,400,000
35.2%
$399
$697
74.6%
29
2
-93.1%
$1,850,000
$2,400,000
29.7%
2
1
-50.0%
90.2%
104.4%
15.7%
HALE MAYFAIR
(Over One Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
Hale Mayfair is a mature neighborhood located in East Denver with close proximity to both Rose Hospital and National Jewish Hospital. Here you will find a variety of large Victorian homes surrounded by many restaurants and cafes.
HERITAGE GREENS
GREENWOOD VILLAGE WEST
74.6%
January through March
47.8%
The average price per square foot in
Heritage Greens increased by 47.8% in the first quarter of 2022 compared to that of 2021.
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$846,658
$838,249
-1.0%
$567
$654
15.4%
6
3
-50.0%
$1,395,000
$1,494,000
7.1%
22
15
-31.8%
104.0%
107.9%
3.8%
Boundaries: Colorado to Holly; 6 to Colfax th
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$995,625
$1,420,750
42.7%
$339
$501
47.8%
7
3
-57.1%
$1,460,000
$1,651,000
13.1%
8
4
-50.0%
101.6%
111.9%
10.2%
Boundaries: Dry Creek to County Line; Colorado Blvd to Holly
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$754,301
$922,903
22.4%
$492
$648
31.6%
26
22
-15.4%
$2,020,000
$2,775,000
37.4%
99
39
-60.6%
99.9%
106.7%
6.7%
60.6%
The number of properties sold in
Highlands decreased by 60.6% in the first quarter of 2022 compared to that
HIGHLANDS
January through March
of 2021.
Boundaries: W 38th Avenue to Speer Blvd; S Platte River to Federal Blvd
January through March
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2022
% Change
$1,573,666
$2,181,447
38.6%
$499
$707
41.6%
45
6
-86.7%
$3,634,474
$4,000,000
10.1%
24
15
-37.5%
96.0%
106.6%
11.1%
HILLTOP
Average Price
2021
Boundaries: Alameda to 6 ; Colorado to Holly th
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$657,443
$783,334
19.1%
$360
$437
21.3%
5
14
180.0%
$1,000,000
$2,044,116
104.4%
21
21
0.0%
103.6%
106.4%
2.7%
Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
19.1%
The average price in Homestead
increased by 19.1% in the first quarter of 2022 compared to that of 2021.
HOMESTEAD
January through March
With both new residential and commercial developments, Jefferson Park offers a mix of both young professionals and families.
KEN CARYL VALLEY
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$590,018
$662,700
12.3%
$454
$576
26.7%
45
12
-73.3%
$1,100,000
$1,002,000
-8.9%
45
24
-46.7%
99.5%
105.2%
5.7%
Boundaries: Federal Blvd to S Platte River; South of 29th Ave & Speer Blvd, North of Mile High Stadium
KEN CARYL NORTH RANCH
JEFFERSON PARK
January through March
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$1,335,000
$1,938,750
45.2%
$321
$423
31.6%
18
9
-50.0%
$1,420,000
$2,127,500
49.8%
2
2
0.0%
97.5%
100.7%
3.3%
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
64.8% The average price in Ken Caryl Valley
increased by 64.8% in the first quarter of 2022 compared to that of 2021.
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$786,083
$1,295,538
64.8%
$322
$469
45.6%
5
4
-20.0%
$1,250,000
$1,900,000
52.0%
12
13
8.3%
100.4%
109.8%
9.4%
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Carly Ave
Average Price
2021
2022
% Change
$586,998
$691,526
17.8%
$371
$455
22.7%
16
9
-43.8%
$1,525,000
$2,800,000
83.6%
307
300
-2.3%
103.3%
106.6%
3.2%
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
LAKEWOOD
January through March
Boundaries: City of Lakewood
January through March Average Price
2022
% Change
$756,494
$992,536
31.2%
$491
$602
22.6%
27
26
-3.7%
$2,020,000
$2,775,000
37.4%
85
28
-67.1%
100.1%
105.2%
5.1%
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Boundaries: W 38 Avenue to I-25; Speer Blvd to Zuni Street th
January through March Average Price
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2022
% Change
$923,333
$1,193,182
29.2%
$369
$432
16.9%
26
8
-69.2%
$1,310,000
$2,600,000
98.5%
12
11
-8.3%
99.8%
105.2%
5.4%
Boundaries: Quebec to Unita; Alameda to 11th
69.2% The average number of days on market
in Lowry decreased by 69.2% in the first quarter of 2022 compared to that of
LOWRY
Average Price Per Square Foot
2021
The Lower Highlands, LoHi for short, is an area admired for its hip restaurants, renovated bungalows, and an ice cream shop in a giant milk can. A hot spot for entertainment, retail shops, and bars, it is well-known as one of the most inclusive neighborhoods in all of Denver.
LOHI
2021
MONTCLAIR
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$850,889
$1,053,096
23.8%
$524
$608
16.0%
22
6
-72.7%
$1,507,000
$2,430,000
61.2%
29
23
-20.7%
101.8%
102.6%
0.8%
OBSERVATORY PARK
Boundaries: Holly to Quebec; 6th to Colfax
60.7% The average days on market in
Observatory Park decreased by 60.7% in the first quarter of 2022 compared to that of 2021.
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2022
% Change
$1,776,760
$2,238,045
26.0%
$520
$686
31.9%
56
22
-60.7%
$3,307,500
$3,500,000
5.8%
23
13
-43.5%
96.4%
103.1%
7.0%
Boundaries: University to Colorado; Evans to Yale
January through March
PARK HILL
2021
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$885,679
$979,825
10.6%
$549
$677
23.3%
14
9
-35.7%
$1,750,000
$2,300,000
31.4%
48
45
-6.3%
103.7%
108.8%
4.9%
Boundaries: Colfax to 26th; Colorado to Quebec
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$1,056,596
$1,081,835
2.4%
$639
$724
13.4%
16
12
-25.0%
$1,965,000
$2,450,000
24.7%
13
23
76.9%
101.6%
107.8%
6.1%
PLATT PARK
January through March
Boundaries: Broadway to Downing; Louisiana to Evans
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$3,341,667
-
-
$388
-
-
93
-
-
$3,900,000
-
-
3
No Sales
-
89.6%
-
-
Polo Reserve is a luxury, gated community located in Littleton. The name “Polo Reserve” comes from the polo field and equestrian center within the gated community.
Boundaries: North of Mineral; South of Arabian Place; West of the S Platte River; East of S. Platte Canyon Road
January through March Average Price
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
75.0%
2022
% Change
$519,734
$544,500
4.8%
$426
$518
21.6%
46
33
-28.3%
$985,000
$604,000
-38.7%
24
6
-75.0%
in RiNo decreased by 75.0% in the first
134.9%
100.2%
-25.8%
quarter of 2022 compared to that of 2021.
Boundaries: I-25 to York St; South of I-70; North of Park Ave; East of Lawrence St to 40th Avenue
The average number of days on market
RINO
Average Price Per Square Foot
2021
POLO RESERVE
January through March
SLOAN’S LAKE
7.8% The number of properties sold in the City of Denver increased by 7.8% January through
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
SOUTHERN HILLS
March 2021 compared to that of 2019.
30.1%
The average home price in Southern Hills increased by 30.1% in the first quarter of 2022 compared to that of 2021.
2021
2022
% Change
$988,574
$1,088,508
10.1%
$625
$672
7.5%
33
8
-75.8%
$2,150,000
$2,100,000
-2.3%
27
18
-33.3%
99.9%
101.5%
1.6%
Boundaries: Colfax to 29th; Sheridan to Federal
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$1,071,224
$1,393,750
30.1%
$552
$590
7.0%
5
3
-40.0%
$2,060,000
$2,525,000
22.6%
17
4
-76.5%
103.6%
105.3%
1.6%
Boundaries: University to Colorado; Yale to Hampden
SOUTHGLENN
January through March
The charming and entertaining Streets of Southglenn are one of the best spots in the Metro Denver area. Located in Centennial, Southglenn brings an urban feel out to the suburbs.
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$594,450
$683,500
15.0%
$301
$343
13.9%
7
12
71.4%
$721,000
$850,000
17.9%
10
10
0.0%
104.3%
104.6%
0.3%
Boundaries: Colorado to University; Arapahoe to Dry Creek
2022
% Change
$734,167
$926,898
26.3%
$292
$391
33.9%
73
27
-63.0%
$945,000
$1,140,000
20.6%
6
8
33.3%
% Sold Price to List Price
92.7%
99.2%
7.1%
January through March
2021
2022
% Change
$673,179
$767,838
14.1%
$528
$636
20.3%
13
11
-15.4%
$1,330,000
$1,545,900
16.2%
58
57
-1.7%
102.3%
106.9%
4.5%
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
63.0%
The average days on market in Southmoor
Park decreased by 63.0% in the first quarter of 2022 compared to that of 2021.
SUNNYSIDE
2021
SOUTHMOOR PARK
January through March
Boundaries: Federal Blvd to Inca St; W 38th Ave to I-70
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
27.5%
2021
2022
% Change
$661,882
$843,625
27.5%
$256
$301
17.4%
13
16
23.1%
$910,000
$1,300,000
42.9%
The average home price in Tallyn’s
28
22
-21.4%
Reach increased by 27.5% in the first
102.9%
107.8%
4.8%
Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470
quarter of 2022 compared to that of 2021.
TALLYN’S REACH
January through March
UPTOWN
East of Downtown and just north of Capitol Hill rests Denver’s Uptown—a vibrant urban area prized for its sports bars, black box theaters, and delightful mix of traditional and inventive culinary fare lining 17th Avenue, aptly named “Restaurant Row.”
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$566,598
$627,808
10.8%
$420
$497
18.3%
50
21
-58.0%
$3,100,000
$1,400,000
-54.8%
60
44
-26.7%
98.0%
104.2%
6.2%
WASHINGTON PARK WEST
WASHINGTON PARK EAST
Boundaries: North of Colfax, East of Broadway, South of 20th, 20th & Park to 19th; West of Josephine
64.4%
January through March Average Price Average Price Per Square Foot Average Days on Market
The average days on market in
Highest Price
Washington Park East decreased
Properties Sold
by 64.4% in the first quarter of 2022
% Sold Price to List Price
compared to that of 2021.
2021
2022
% Change
$1,507,224
$2,009,286
33.3%
$693
$903
30.3%
45
16
-64.4%
$4,375,000
$3,615,000
-17.4%
38
25
-34.2%
97.6%
104.7%
7.3%
Boundaries: Louisiana to Ellsworth, Downing to University
January through March Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$883,998
$1,133,054
28.2%
$546
$721
32.1%
19
9
-52.6%
$1,650,000
$2,635,000
59.7%
45
32
-28.9%
102.0%
109.4%
7.3%
Boundaries: Louisiana to Ellsworth; Broadway to Downing
Average Price Average Price Per Square Foot
2021
2022
% Change
$777,532
$992,943
27.7%
$560
$695
24.2%
17
9
-47.1%
$1,700,000
$2,322,000
36.6%
48
46
-4.2%
102.7%
108.1%
5.3%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
27.7% The average home price in the area of West Highlands increased by 27.7% in the first quarter of 2022 compared to that of 2021.
Boundaries: 38th Avenue; Federal to Sheridan
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January through March
for new horizons
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MICRO MARKET REPORT | Denver Metro JANUARY - MARCH 2022 • COLORADOMICROREPORTS.COM