Q2 2021
Micro Market Report DENVER METRO
1195 E Tufts Avenue
1900 Cherry Street
Denver Metro MARKET UPDATE
At the halfway mark for the year, the Denver Metro real estate market, while still strong and performing incredibly well, is experiencing a shift that may offer some reprieve for exhausted buyers struggling to keep up with the fast-moving market. With more consumers seeking homes that offer the unique balance of urban amenities and entertainment options and access to natural spaces, Denver Metro’s communities have remained a popular destination to buy and sell homes. However, the onset of summer has inspired many to finally take a vacation or travel to see loved ones, resulting in a slight decline in showing activity this season. Looking at the number of showings for the month of June, it appears that overall showings declined by -0.1%, according to data from the Denver Metro Market Review for the month of June, a monthly report compiled by Megan Aller of First American Title. The average number of showings per listing, which was 13.9 showings in June, dipped -19.2% in a monthover-month comparison. This change of pace provides buyers with more opportunities to purchase homes in Denver Metro since there are less people in town placing competing offers on the limited number of available homes. Inventory in Denver Metro remains low, with the number of new listing coming onto the market decreasing by 6.9%, according to LIV Sotheby’s International Realty’s (LIV SIR) Mid-Year Micro Market Report which compares real estate data through June of this year compared to the same frame in 2020. While the slight slowing of the market is good news for buyers, sellers should not worry. Home prices in Denver Metro continue to appreciate, growing by 24.8% to reach and average price of $650,278 for single family homes and rising by 16.1% to reach an average price of $437,130 for attached residences through Q2 of 2021 compared to the same period in 2020. This increase in home prices has created a significant 37.8% boost in overall sales volume, totaling $27,718,287,062, for the six county Denver Metro area. Several Denver Metro neighborhoods continue to see increased demand from buyers resulting in an escalation in the number of listings sold and average sales prices at the halfway mark for 2021. LIV SIR has seen a resurgence in interest in communities close to the city, such as Uptown, RiNo, Golden Triangle, and Cheeseman Park, which all experienced increases in
the number of properties sold by over 100%. The Downtown condominium market has also gained momentum, with a 93.8% rise in condominium sales through June of this year. Outside of the city, the Country Club neighborhood saw one of the most significant improvments in home sales, growing from four homes sold through Q2 of 2020 to 20 homes sold so far this year – a 400% increase. Home values have appreciated in many neighborhoods across the Denver Metro area, such as the beloved neighborhood of Bonnie Brae / Belcaro, where average home prices rose by 60.5%, reaching $1,722,391. In the City of Denver, average prices for all property types appreciated by 21.5%, bringing the average price to $634,217. Home prices in Capitol Hill, while still rising, are do so more slowly – appreciating by 3% to bring the average price to $384,521. As more buyers eagerly plan their return to a more familiar way of living, urban communities at the center of the popular restaurant, art, and entertainment scenes have seen a decrease in the average days on market. For example, RiNo has seen a 17.9% decrease in time spent on the market for all property types. However, suburbs outside of the city still prove to be the more competitive markets for homebuyers. In Greenwood Village East, homes spent an average of just 21 days on the market through June, which is -62.5% less than the same period in 2020. While the Denver Metro real estate market continues to thrive through the first half of the year, the slight shift in market conditions and activity levels may create additional opportunities for both buyers and sellers to reach their real estate and lifestyle goals.
DENVER METRO January through June
2020
2021
% Change
New Listings
59,415
55,328
-6.9%
Sold Listings (All Properties)
41,434
46,852
13.1%
Sold Single Family
31,189
33,959
8.9%
Sold Attached
10,245
12,893
25.8%
35
21
-40.0%
Average Sold Price (Single
$521,231
$650,278
24.8%
Average Sold Price (Attached)
$376,394
$437,130
16.1%
99.6%
102.1%
2.5%
$20,112,089,336
$27,718,287,062
37.8%
Average Days on Market
% Sold Price to Original List Price Total Dollar Volume Sold
Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson 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
14. Columbine Valley
27. Hilltop
40. RiNo
2.
Belmar
15. Congress Park
28. Homestead
41. Saddle Rock Golf Club
3.
Berkeley
16. Cory-Merrill
29. Jefferson Park
42. Sloan’s Lake
4.
Bonnie Brae/Belcaro
17. Country Club
30. Ken Caryl North Ranch
43. Southern Hills
5.
Bow Mar/Bow Mar South
18. Crestmoor
31. Ken Caryl Valley
44. Southglenn
6.
Capitol Hill
19. Denver (City)
32. Lakewood
45. Southmoor Park
7.
Central Park
20. Downtown
33. LoHi
46. Sunnyside
8.
Cheesman
21. Golden Triangle
34. Lowry
47. Tallyn’s Reach
9.
Cherry Creek North
22. Greenwood Village East
35. Montclair
48. Uptown
10. Cherry Creek South/East
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
12. City Park
25. Heritage Greens
38. Platt Park
13. City Park South
26. Highlands
39. Polo Reserve
46 3 26
51
40
33
7 12
42
29
37 13
20 48 21
19
8
6
24
35
15 17
27
14
34
1 38
10 2 50 32 18
49 4
16
36
43
45 11 5 44 22
9 24
28
30 39 31
25
47 41
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - JUNE 2021 • COLORADOMICROREPORTS.COM
DENVER CITY
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$522,149
$634,217
21.5%
$378
$424
12.2%
33
34
3.0%
$4,625,000
$9,000,000
94.6%
6,254
8,427
34.7%
98.2%
100.9%
2.7%
Boundaries: City of Denver
BAKER
January through June
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
2020
2021
% Change
$529,855
$589,578
11.3%
$406
$410
1.0%
21
23
9.5%
$802,600
$1,185,000
47.6%
53
65
22.6%
98.6%
103.6%
5.1%
Boundaries: 6 Avenue to Mississippi; South Platte River to Broadway
BELMAR
th
46.7% The number of properties sold in
Belmar increased by 46.7% January through June 2021 compared to that of 2020.
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$414,585
$469,471
13.2%
$298
$330
10.5%
47
26
-44.7%
$540,000
$683,000
26.5%
15
22
46.7%
96.9%
101.1%
4.4%
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
2020
2021
% Change
$674,357
$789,638
17.1%
$505
$623
23.4%
30
9
-70.0%
$1,515,000
$1,550,000
2.3%
89
91
2.2%
98.0%
105.4%
7.5%
BERKELEY
January through June
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
2020
2021
% Change
$1,073,171
$1,722,391
60.5%
$560
$657
17.4%
43
20
-53.5%
$2,675,000
$4,895,000
83.0%
28
44
57.1%
95.3%
102.5%
7.6%
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
2020
2021
% Change
$1,316,731
$2,522,833
91.6%
$467
$653
39.8%
47
24
-48.9%
$2,285,000
$5,400,000
136.3%
13
6
-53.8%
94.8%
101.2%
6.8%
Boundaries: West Quincy Avenue to West Bowles Avenue
91.6%
The average price in the neighborhood of Bow Mar/Bow Mar South increased by 91.6% January through June 2021 compared to that of 2020.
BOW MAR/BOW MAR SOUTH
January through June
BONNIE BRAE/BELCARO
January through June
CAPITOL HILL
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$373,487
$384,521
3.0%
$375
$391
4.5%
37
30
-18.9%
$1,925,000
$1,950,000
1.3%
160
274
71.3%
97.4%
99.0%
1.6%
CHEESMAN PARK
CENTRAL PARK
Boundaries: Broadway to Downing; 6th Avenue to Colfax
69.2%
The average days on market in
the neighborhood of Central Park decreased by 69.2% January through June 2021 compared to that of 2020.
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$730,903
$878,223
20.2%
$333
$376
12.8%
26
8
-69.2%
$1,290,000
$1,975,000
53.1%
171
228
33.3%
98.8%
103.9%
5.1%
Boundaries: Quebec to Havana; Montview to 64th
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$522,750
$627,453
20.0%
$386
$437
13.1%
47
51
8.5%
$2,400,000
$4,900,000
104.2%
58
126
117.2%
95.7%
99.2%
3.6%
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
2020
2021
% Change
$838,066
$774,563
-7.6%
$416
$450
8.0%
48
45
-6.3%
$3,850,000
$4,380,000
13.8%
57
99
73.7%
96.1%
98.5%
2.5%
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
2020
2021
% Change
$1,088,150
$1,500,261
37.9%
$560
$672
20.0%
55
46
-16.4%
$2,575,000
$4,000,000
55.3%
58
93
60.3%
95.6%
96.6%
The number of properties sold in the area of Cherry Creek East/South increased by 73.7% January through June 2021 compared to that of 2020.
CHERRY CREEK NORTH
January through June
73.7%
1.1%
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
81.8%
2020
2021
% Change
$1,626,951
$2,710,839
66.6%
$442
$603
36.5%
22
33
50.0%
$2,750,000
$5,000,000
81.8%
The highest price in Cherry Hills Village
24
28
16.7%
increased by 81.8% January through
96.2%
100.5%
4.5%
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
June 2021 compared to that of 2020.
CHERRY HILLS VILLAGE
January through June
CHERRY CREEK EAST /SOUTH
January through June
CHERRY HILLS VILLAGE CITY PARK
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$3,025,000
$4,016,793
32.8%
$511
$684
33.8%
67
63
-6.0%
$6,620,000
$7,850,000
18.6%
20
35
75.0%
95.3%
101.1%
6.1%
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
64.9% The number of properties sold in City
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price
Park increased by 64.9% January
Properties Sold
through June 2021 compared to that of
% Sold Price to List Price
2020.
CITY PARK SOUTH
2020
2021
% Change
$665,173
$854,256
28.4%
$407
$496
21.8%
32
27
-15.6%
$1,347,500
$1,450,000
7.6%
37
61
64.9%
100.4%
103.0%
2.6%
Boundaries: Downing to York; 18 to Martin Luther King th
January through June
In City Park South you can expect to find charming streets lined with mature trees and full of Denver Squares, Tudors, crafted Bungalows, and Victorians.
2020
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$668,175
$862,505
29.1%
$526
$556
5.7%
6
22
266.7%
$851,000
$862,505
1.4%
10
9
-10.0%
101.0%
102.9%
1.9%
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
48.1%
2020
2021
% Change
$1,521,923
$1,804,597
18.6%
$438
$509
16.3%
54
28
-48.1%
$3,700,000
$3,500,000
-5.4%
The average days on market in the
15
18
20.0%
neighborhood of Columbine Valley
99.6%
100.5%
0.9%
decreased by 48.1% January through June 2021 compared to that of 2020.
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
2020
2021
% Change
$615,963
$723,903
17.5%
$448
$510
14.1%
25
14
-44.0%
$1,500,000
$2,295,000
53.0%
74
119
60.8%
98.4%
103.1%
4.9%
CONGRESS PARK
January through June
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
2020
2021
% Change
$810,833
$1,142,211
40.9%
$505
$581
15.1%
41
18
-56.1%
$1,850,000
$2,250,000
21.6%
45
84
86.7%
96.5%
102.1%
5.8%
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 with tree-lined streets.
CORY-MERRILL
January through June
COLUMBINE VALLEY
January through June
COUNTRY CLUB
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$3,095,000
$3,371,782
8.9%
$712
$760
6.6%
37
76
105.4%
$4,625,000
$6,075,000
31.4%
4
20
400.0%
87.9%
97.9%
11.4%
DOWNTOWN
CRESTMOOR PARK
Boundaries: University to Downing 1st - 4th; Race to University 4th - 6th
63.2%
January through June Average Price Average Price per Square Foot Average Days on Market
The average days on market in
Highest Price
Crestmoor Park decreased by 63.2%
Properties Sold
January through June 2021 compared to that of 2020.
% Sold Price to List Price
2020
2021
% Change
$1,361,933
$1,620,700
19.0%
$510
$544
6.7%
19
7
-63.2%
$2,400,000
$2,820,000
17.5%
15
10
-33.3%
98.6%
102.6%
4.1%
Boundaries: Holly to Monaco; Bayaud to 6 Avenue th
93.8%
January through June Average Price Average Price per Square Foot Average Days on Market
The number of properties sold in
Highest Price
Downtown Denver increased by 93.8%
Properties Sold
January through March 2021 compared
% Sold Price to List Price
to that of 2020.
2020
2021
% Change
$616,602
$733,532
19.0%
$513
$584
14.0%
61
51
-16.4%
$2,800,000
$5,147,600
83.8%
211
409
93.8%
96.4%
98.3%
2.0%
(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
2020
2021
% Change
$566,036
$551,953
-2.5%
$394
$397
0.8%
37
42
13.5%
$1,117,678
$1,175,000
5.1%
16
40
150.0%
98.4%
97.4%
-1.1%
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
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
through June 2021 compared to that of 2020.
62.5%
2021
% Change
$1,196,821
$1,499,389
25.3%
$340
$445
31.1%
56
21
-62.5%
$1,950,000
$2,230,000
14.4%
The average days on market in Greenwood
17
27
58.8%
Village East decreased by 62.5% January
94.2%
99.7%
5.9%
through June 2021 compared to that of 2020.
13.3%
2020
2021
% Change
$1,569,905
$2,271,237
44.7%
$410
$578
41.1%
22
21
-4.5%
$2,600,000
$3,600,000
38.5%
21
35
66.7%
The average days on market in the
95.5%
101.9%
6.6%
neighborhood of Belmar decreased by
(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
23.3% January through December 2020 compared to that of 2019.
GREENWOOD VILLAGE WEST
Average Price
Triangle increased by 150.0% January
2020
Boundaries: I-25 to Havana; Belleview to Orchard
January through June
The number of properties sold in Golden
GREENWOOD VILLAGE EAST
January through June
150%
GOLDEN TRIANGLE
January through June
GREENWOOD VILLAGE WEST
HALE MAYFAIR HERITAGE GREENS
92.4% The highest price in Greenwood Village West increased by 92.4% January through June 2021 compared to that of 2020.
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$2,160,000
$3,184,455
47.4%
$583
$550
-5.7%
41
34
-17.1%
$2,820,000
$5,425,000
92.4%
2
11
450.0%
90.3%
97.5%
8.0%
(Over 1 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.
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$716,950
$832,582
16.1%
$502
$603
20.2%
22
6
-72.7%
$2,372,000
$1,620,000
-31.7%
49
58
18.4%
99.2%
105.7%
6.6%
Boundaries: Colorado to Holly; 6 to Colfax th
84.6% The average days on market in Heritage Greens decreased by 84.6% January through June 2021 compared to that of 2020.
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$879,713
$1,113,719
26.6%
$295
$330
11.5%
26
4
-84.6%
$1,190,000
$1,975,000
66.0%
9
16
77.8%
99.2%
104.4%
5.2%
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
2020
2021
% Change
$658,835
$766,250
16.3%
$501
$535
6.9%
32
23
-28.1%
$1,695,000
$2,100,000
23.9%
145
211
45.5%
97.4%
101.2%
3.8%
The Highlands is one of Denver’s largest neighborhoods and is adjacent to downtown Denver. The area is bustling and exciting, with lots of entertainment, dining and shopping options to choose from, as well as a few breweries and local coffee shops.
HIGHLANDS
January through June
Boundaries: W 38th Avenue to Speer Blvd; S Platte River to Federal Blvd
January through June
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$1,594,108
$1,826,625
14.6%
$509
$567
11.4%
55
29
-47.3%
$3,275,000
$4,500,000
37.4%
28
52
85.7%
93.5%
98.5%
5.4%
HILLTOP
Average Price
2020
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
2020
2021
% Change
$544,936
$705,229
29.4%
$316
$370
17.0%
20
5
-75.0%
$990,000
$1,508,000
52.3%
53
73
37.7%
100.0%
105.9%
5.9%
Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
37.7%
The number of properties sold in
Homestead increased by 37.7% January through June 2021 compared to that of 2020.
HOMESTEAD
January through June
JEFFERSON PARK KEN-CARYL NORTH RANCH KEN-CARYL VALLEY
January through June
With both new residential and commercial developments, Jefferson Park offers a mix of both young professionals and families.
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$548,058
$590,671
7.8%
$397
$443
11.6%
43
41
-4.7%
$863,000
$1,100,000
27.5%
70
92
31.4%
97.7%
100.4%
2.7%
Boundaries: Federal Blvd to S Platte River; South of 29th Ave & Speer Blvd, North of Mile High Stadium
83.3% The average days on market in Ken-
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price
Caryl North Ranch decreased by 83.3%
Properties Sold
January through June 2021 compared to
% Sold Price to List Price
that of 2020.
This scenic retreat is located behind South Jefferson County, and is surrounded by the Dakota Hogback and the Foothills. Although KenCaryl Valley is known for being “mountain biking country”, the area is still close to a wide number of amenities.
2020
2021
% Change
$1,064,096
$1,527,500
43.5%
$289
$401
38.7%
42
7
-83.3%
$1,176,500
$1,820,000
54.7%
5
12
140.0%
97.2%
102.4%
5.3%
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$838,065
$918,606
9.6%
$320
$368
15.0%
31
4
-87.1%
$1,295,000
$1,612,000
24.5%
40
26
-35.0%
97.8%
102.8%
5.1%
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Carly Ave
Average Price
2020
2021
% Change
$510,255
$621,434
21.8%
$322
$388
20.5%
23
10
-56.5%
$1,700,000
$3,200,000
88.2%
655
765
16.8%
98.6%
105.0%
6.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
88.2% The highest price in Lakewood increased by 88.2% January through June 2021 compared to that of 2020.
LAKEWOOD
January through June
Boundaries: City of Lakewood
January through June Average Price
2021
% Change
$687,959
$773,800
12.5%
$496
$529
6.6%
32
25
-21.9%
$1,626,074
$2,100,000
29.1%
106
177
67.0%
97.2%
100.9%
3.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
LOHI
2020
Boundaries: W 38 Avenue to I-25; Speer Blvd to Zuni Street th
January through June Average Price
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$853,875
$914,081
7.1%
$350
$364
4.1%
29
14
-51.7%
$1,650,000
$1,436,000
-13.0%
16
31
93.8%
97.8%
101.1%
3.3%
Boundaries: Quebec to Unita; Alameda to 11th
93.8% The number of properties sold in Lowry increased by 93.8% January through June 2021 compared to that of 2020.
LOWRY
Average Price per Square Foot
2020
MONTCLAIR
21.9%
The average price in Montclair increased by 21.9% January through June 2021 compared to that of 2020.
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$706,302
$861,006
21.9%
$480
$542
13.0%
31
13
-58.1%
$1,699,000
$1,895,000
11.5%
55
67
21.8%
98.9%
102.8%
3.9%
PARK HILL
OBSERVATORY PARK
Boundaries: Holly to Quebec; 6th to Colfax
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,287,793
$1,816,312
41.0%
$484
$562
16.1%
40
37
-7.5%
$2,870,000
$3,757,900
30.9%
30
50
66.7%
95.6%
98.9%
3.4%
Boundaries: University to Colorado; Evans to Yale
102.5% The highest price in Park Hill increased by 102.5% January through June 2021 compared to that of 2020.
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$748,605
$946,563
26.4%
$481
$598
24.2%
24
10
-58.3%
$1,975,736
$4,000,000
102.5%
85
108
27.1%
99.6%
106.0%
6.5%
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
2020
2021
% Change
$783,008
$943,271
20.5%
$570
$696
22.2%
21
8
-61.9%
$1,735,451
$1,965,000
13.2%
53
43
-18.9%
99.8%
104.1%
4.4%
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
2020
2021
% Change
$2,550,000
$2,875,000
12.7%
$385
$499
29.5%
91
60
-34.1%
$3,700,000
$3,900,000
5.4%
2
5
150.0%
96.7%
94.9%
-1.9%
Boundaries: North of Mineral; South of Arabian Place; West of the S Platte River; East of S. Platte Canyon Road
January through June Average Price
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$528,896
$494,795
-6.4%
$431
$436
1.3%
28
23
-17.9%
$850,000
$985,000
15.9%
27
59
118.5%
98.1%
101.3%
3.3%
Boundaries: I-25 to York St; South of I-70; North of Park Ave; East of Lawrence St to 40th Avenue
Denver increased by 7.8% January through December 2020 compared to that of 2019.
29.5% The average price per square foot in Polo Reserve increased by 29.5% January through June 2021 compared to that of 2020.
The River North Art District is a trendy, distinctive area of North Denver, created to connect local artists. While RiNo may seem modern, it boasts tons of history, as many businesses are located in historic warehouses and factories.
RINO
Average Price per Square Foot
2020
The number of properties sold in the City of
POLO RESERVE
January through June
10.2%
PLATT PARK
January through June
SLOAN’S LAKE
7.8% The number of properties sold in the City of Denver increased by 7.8% January through
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
SOUTHGLENN
SOUTHERN HILLS
December 2020 compared to that of 2019.
28.0% The number of properties sold in
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold
increased by 28.0% January through
% Sold Price to List Price
June 2021 compared to that of 2020.
The average days on market in the neighborhood of Southglenn decreased by 66.7% January through June 2021 compared to that of 2020.
2021
% Change
$752,290
$936,721
24.5%
$514
$623
21.3%
18
21
16.7%
$1,483,000
$2,500,000
68.6%
55
74
34.5%
98.6%
103.4%
4.9%
Boundaries:Colfax to 29th; Sheridan to Federal
the neighborhood of Southern Hills
66.7%
2020
2020
2021
% Change
$799,156
$1,142,400
43.0%
$429
$567
32.0%
13
6
-53.8%
$1,577,500
$2,060,000
30.6%
25
32
28.0%
99.5%
104.6%
5.1%
Boundaries: University to Colorado; Yale to Hampden
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$495,252
$765,914
54.7%
$275
$326
18.7%
18
6
-66.7%
$615,000
$624,159
1.5%
28
24
-14.3%
99.9%
107.1%
7.2%
Boundaries:Colorado to University; Arapahoe to Dry Creek
2021
% Change
$570,325
$648,789
13.8%
$273
$307
12.4%
42
21
-50.0%
$815,000
$1,050,000
28.8%
39
34
-12.8%
% Sold Price to List Price
97.1%
103.0%
6.1%
January through June
2020
2021
% Change
$578,800
$729,026
26.0%
$475
$550
15.9%
27
10
-63.0%
$927,500
$1,600,000
-21.4%
151
135
-10.6%
98.1%
104.2%
6.2%
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
28.8% The highest price in the neighborhood
of Southmoor Park increased by 28.8% January through June 2021 compared to that of 2020.
SUNNYSIDE
2020
SOUTHMOOR PARK
January through June
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
2020
2021
% Change
$614,152
$703,171
14.5%
$228
$269
18.2%
38
9
-76.3%
$945,000
$1,400,000
48.1%
65
79
21.5%
98.3%
103.5%
5.3%
Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470
18.2%
The average price per square foot in Tallyn’s Reach increased by 18.2%
January through June 2021 compared to that of 2020.
TALLYN’S REACH
January through June
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 June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$536,154
$552,306
3.0%
$409
$426
4.1%
41
35
-14.6%
$1,450,000
$3,100,000
113.8%
63
130
106.3%
97.0%
99.4%
2.5%
WASHINGTON PARK WEST
WASHINGTON PARK EAST
Boundaries:North of Colfax, East of Broadway, South of 20th, 20th & Park to 19th; West of Josephine
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,385,808
$1,723,065
24.3%
$646
$731
13.0%
33
28
-15.2%
$3,425,000
$4,375,000
27.7%
67
82
22.4%
96.3%
101.7%
5.6%
Boundaries: Louisiana to Ellsworth, Downing to University
65.6% The average days on market in the
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price
neighborhood of Washington Park West
Properties Sold
decreased by 65.6% January through
% Sold Price to List Price
June 2021 compared to that of 2020.
2020
2021
% Change
$823,604
$913,582
10.9%
$521
$599
14.9%
32
11
-65.6%
$1,500,000
$2,505,000
67.0%
63
104
65.1%
98.0%
104.6%
6.8%
Boundaries:Louisiana to Ellsworth; Broadway to Downing
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
22.3%
2020
2021
% Change
$700,672
$857,235
22.3%
$536
$593
10.5%
20
14
-30.0%
$1,785,000
$2,050,000
14.8%
The average price in the area of West
107
131
22.4%
Highlands increased by 22.3% January
99.0%
104.2%
5.2%
through June 2021 compared to that of 2020.
Boundaries: 38th Avenue; Federal to Sheridan
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January through June
MICROMARKET REPORT | Denver Metro JANUARY - JUNE 2021 • COLORADOMICROREPORTS.COM