Denver Metro | Quarter 2, 2022

QUARTER 2 2022

Micro Market Report DENVER METRO

8 Sunset Drive

1885 E Cedar Avenue

Denver Metro

DENVER METRO NEIGHBORHOODS

MARKET UPDATE

As the market continues to readjust following the burst of real estate activity seen during the pandemic, Denver Metro is experiencing relatively steady levels of homebuying and selling. This slight slowing of the market is providing buyers with more opportunities to find their Denver Metro dream home.

The LIV Sotheby’s International Realty’s Q2 Micro Market Report compares real estate real estate data through June of this year compared to the same time 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 June of this year, there have been 27,102 single-family homes sold—down 8.9% from 2021. Looking at condominium and townhome sales, there was a 8% decrease in properties sold compared to last year.

was Cherry Hills Village. Properties on more than an acre of land here sold for an average price of $4,555,000—a 13.4% increase from last year.

One of the most significant increases in homebuying activity across Denver Metro was seen in Bow Mar where there was an 83.3% increase in real estate sales, totaling 11 homes sold through June of this year. One of the neighborhoods with the most properties sold was Lakewood, where there were 692 homes sold—a 9.5% decrease from the same time frame last year.

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

The Denver Metro home market is making its way back to its regularly observed seasonal buying and selling trends.

Denver Metro is home to a real estate market that provides opportunities for both homebuyers and sellers to reach their lifestyle goals.

46

3

26

51

40

33

This slight decrease in property sales is a sign that the housing boom is coming to an end and that the market is restabilizing after nearly two years of intense homebuying activity. Through the first half of the year, home values remained strong, and the property sale prices increased by 15%, reaching an average price of $780,808 for single-family homes and $482,890 for condominiums and townhomes.

Overall, the total dollar volume sold in Denver Metro through June of this year compared to the same period in 2021 rose by 4.9% to reach a total sale volume of $18,616,880,926.

Thanks to demand for the lifestyle that Denver Metro homes can provide, several neighborhoods also saw property prices appreciate. For example, homes in Cherry Creek East & South appreciated in average sale price by 63.7% to reach an average price of $1,267,779. While homes in Denver’s Capitol Hill neighborhood increased in average price by 21.2% through June of this year compared to the same time frame last year, homes here were still among the most affordable in the Denver proper, selling for an average of $466,058. On the other hand, the neighborhood with the highest average sale price

42

29 21

17

2021

2022

% Change

New Listings

34,263

34,006

-0.8%

Sold Listings (All Properties)

29,756

27,102

-8.9%

Sold Listings (Single Family)

20,177

18,561

-8.0%

Sold Listings (Attached)

9,579

8,541

-10.8%

Average Days on Market

15

11

-26.7%

Average Sold Price (Single Family)

$679,016

$780,808

15.0%

Average Sold Price (Attached)

$423,004

$482,890

14.2%

102.9%

103.7%

0.8%

$17,752,452,910

$18,616,880,926

4.9%

% Sold Price to Original List Price Total Dollar Volume Sold

8

6

19

37

13

20 48

DENVER METRO January through June

7

12

15

24

35

27

10

18

9

1

34

2 50 32

49

38

4 16

36

43

45 11 5

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

23

14

22

44

28 30 39 31

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

25

47 41

MICRO MARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - JUNE 2022 • COLORADOMICROREPORTS.COM

DENVER (CITY)

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

2021

2022

% Change

January through June

$634,217

$732,307

15.5%

Average Price

$424

$498

17.3%

Average Price Per Square Foot

34

15

-55.9%

$9,000,000

$9,000,000

0.0%

8,427

7,442

-11.7%

100.9%

103.4%

2.5%

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

BAKER

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

2021

2022

% Change

$589,578

$686,157

16.4%

Average Price

$410

$537

31.0%

Average Price Per Square Foot

23

12

-47.8%

$1,185,000

$1,260,000

6.3%

Highest Price

65

66

1.5%

Properties Sold

103.6%

105.2%

1.5%

% Sold Price to List Price

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

76.9%

January through June Average Price Average Price Per Square Foot Average Days on Market

The average number of days on market in

Highest Price

Belmar decreased by 76.9% in the first half

Properties Sold

of 2022 compared to that of 2021.

% Sold Price to List Price

January through June

Average Days on Market

$952,541

20.6%

$623

$736

18.1%

9

7

-22.2%

$1,550,000

$2,565,000

65.5%

91

77

-15.4%

105.4%

108.8%

3.2%

2021

2022

% Change

$1,722,391

$2,113,613

22.7%

$657

$820

24.8%

20

10

-50.0%

$4,895,000

$7,000,000

43.0%

44

34

-22.7%

102.5%

106.4%

3.8%

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

2021

2022

% Change

$469,471

$563,466

20.0%

Average Price

$330

$379

15.0%

Average Price Per Square Foot

26

6

-76.9%

$683,000

$1,195,000

75.0%

Highest Price

22

15

-31.8%

Properties Sold

101.1%

105.3%

4.1%

Boundaries: Kentucky to Alameda; Wadsworth to Pierce

$789,638

January through June

Average Days on Market

% Sold Price to List Price

83.3%

2021

2022

% Change

$2,522,833

$2,304,864

-8.6%

$653

$760

16.4%

24

21

-12.5%

$5,400,000

$5,350,000

-0.9%

The number of properties sold in Bow

6

11

83.3%

Mar / Bow Mar South increased by

101.2%

104.6%

3.3%

Boundaries: West Quincy Avenue to West Bowles Avenue

83.3% in the first half of 2022 compared to that of 2021.

BOW MAR / BOW MAR SOUTH

BELMAR

th

% Change

BONNIE BRAE / BELCARO

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.

2022

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

Boundaries: City of Denver

January through June

2021

BERKELEY

January through June

CAPITOL HILL

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

2021

2022

% Change

January through June

$384,521

$466,058

21.2%

Average Price

$391

$450

15.1%

Average Price Per Square Foot

30

11

-63.3%

Average Days on Market

$1,950,000

$4,600,000

135.9%

Highest Price

274

209

-23.7%

Properties Sold

99.0%

104.0%

5.0%

% Sold Price to List Price

The average home price per square foot in Central Park increased by 23.4% in the first half 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

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

2021

2022

% Change

$878,223

$1,043,406

18.8%

Average Price

$376

$464

23.4%

Average Price Per Square Foot

8

8

0.0%

Average Days on Market

$1,975,000

$2,102,000

6.4%

Highest Price

228

196

-14.0%

103.9%

106.2%

2.2%

January through June

Properties Sold % Sold Price to List Price

$1,267,779

63.7%

$450

$547

21.6%

45

20

-55.6%

$4,380,000

$7,875,000

79.8%

99

58

-41.4%

98.5%

101.4%

3.0%

2021

2022

% Change

$1,500,261

$1,972,408

31.5%

$672

$822

22.3%

46

19

-58.7%

$4,000,000

$9,000,000

125.0%

93

86

-7.5%

96.6%

101.0%

4.6%

Boundaries: York to Colorado; 1 Avenue to 6 Avenue st

2021

2022

% Change

$621,204

$571,703

-8.0%

Average Price

$435

$483

10.9%

Average Price Per Square Foot

51

13

-74.5%

Average Days on Market

$4,900,000

$3,250,000

-33.7%

Highest Price

128

80

-37.5%

Properties Sold

99.2%

103.1%

4.0%

Boundaries: York to Downing; Colfax to 8th Avenue

$774,563

Cherry Creek East / South 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

Boundaries: Quebec to Havana; Montview to 64th

January through June

% Change

January through June

% Sold Price to List Price

th

2021

2022

% Change

$2,710,839

$3,346,885

23.5%

$603

$785

30.0%

33

4

-87.9%

$5,000,000

$7,100,000

42.0%

28

27

-3.6%

100.5%

111.9%

11.4%

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

87.9%

The average number of days on market

in Cherry Hills Village (under one acre) decreased by 87.9% in the first half of 2022 compared to that of 2021.

CHERRY HILLS VILLAGE

CHEESMAN PARK

23.4%

January through June

2022

CHERRY CREEK NORTH

CENTRAL PARK

Boundaries: Broadway to Downing; 6th Avenue to Colfax

2021

CHERRY CREEK EAST / SOUTH

January through June

CHERRY HILLS VILLAGE

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

% Change

$4,016,793

$4,555,000

13.4%

Average Price

$684

$834

22.0%

Average Price Per Square Foot

63

31

-50.8%

$7,850,000

$13,000,000

65.6%

35

20

-42.9%

101.1%

100.4%

-0.8%

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

55.6% The average number of days on market in City Park decreased by 55.6% in the first half of 2022 compared to that of

January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

January through June

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

2021

2022

% Change

January through June

$854,256

$825,990

-3.3%

Average Price

$496

$563

13.6%

Average Price Per Square Foot

27

12

-55.6%

$1,450,000

$1,565,100

7.9%

Highest Price

61

61

0.0%

Properties Sold

103.0%

104.5%

1.5%

% Sold Price to List Price

Average Days on Market

Boundaries: Downing to York; 18 to Martin Luther King

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

2021

2022

% Change

$862,505

$1,203,321

39.5%

$556

$620

11.5%

22

3

-86.4%

$1,125,900

$1,720,000

52.8%

9

7

-22.2%

102.9%

112.1%

9.0%

Boundaries: York to Colorado; Colfax to 17th

2022

% Change

$1,804,597

$1,631,000

-9.6%

$509

$520

2.2%

28

9

-67.9%

67.9%

$3,500,000

$2,925,000

-16.4%

The average number of days on market

18

12

-33.3%

100.5%

99.3%

-1.2%

in Columbine Valley decreased by 67.9% in the first half of 2022 compared to that of 2021.

2021

2022

% Change

$723,903

$872,593

20.5%

$510

$607

19.0%

14

7

-50.0%

$2,295,000

$2,175,000

-5.2%

119

115

-3.4%

103.1%

105.7%

2.5%

Boundaries: York to Colorado; 6 Avenue to Colfax th

January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2021

2022

% Change

$1,142,211

$1,369,325

19.9%

$581

$706

21.6%

18

15

-16.7%

$2,250,000

$3,190,000

41.8%

84

54

-35.7%

102.1%

103.4%

1.2%

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 June

2021

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

th

2021.

CITY PARK SOUTH

2022

CONGRESS PARK

CITY PARK

Average Price

2021

COLUMBINE VALLEY

January through June

COUNTRY CLUB

The average number of days on market in

Country Club decreased by 82.9% in the first half 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

January through June

$3,371,782

$2,542,180

-24.6%

$760

$827

8.9%

76

13

-82.9%

Average Days on Market

$6,075,000

$3,900,000

-35.8%

Highest Price

20

11

-45.0%

Properties Sold

97.9%

95.6%

-2.3%

Average Price Average Price Per Square Foot

% Sold Price to List Price

The average home price per square foot in Crestmoor park increased by 32.4% in the

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

first half of 2022 compared to that of 2021.

2022

% Change

January through June

$1,620,700

$2,086,708

28.8%

Average Price

$544

$721

32.4%

Average Price Per Square Foot

7

5

-28.6%

$2,820,000

$4,250,000

50.7%

Highest Price

10

12

20.0%

Properties Sold

102.6%

109.6%

Average Days on Market

% Sold Price to List Price

Boundaries: Holly to Monaco; Bayaud to 6 Avenue

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

2021

2022

% Change

$733,532

$743,322

1.3%

$584

$573

-1.9%

51

38

-25.5%

Average Days on Market

$5,147,600

$4,100,000

-20.4%

Highest Price Properties Sold

409

341

-16.6%

98.3%

100.2%

2.0%

(Attached Dwellings) Boundaries: Downtown Denver MLS Area

$659,912

19.6%

$397

$450

13.3%

42

28

-33.3%

$1,175,000

$2,085,887

77.5%

40

43

7.5%

97.4%

101.0%

3.7%

2021

2022

% Change

$1,499,389

$1,901,092

26.8%

$445

$620

39.3%

21

5

-76.2%

$2,230,000

$2,522,340

13.1%

27

20

-25.9%

99.7%

109.2%

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

th

January through June

$551,953

Boundaries: North Speer Blvd to Broadway; Colfax to 7th

2021

6.8%

% Change

January through June Average Price Average Price Per Square Foot

% Sold Price to List Price

2021

2022

% Change

$2,271,237

$2,440,503

7.5%

$578

$638

10.5%

21

10

-52.4%

$3,600,000

$6,725,000

86.8%

35

32

-8.6%

101.9%

104.7%

2.8%

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

86.8% The highest priced home in Greenwood

Village West (under one acre) increased by 86.8% in the first half of 2022 compared to that of 2021.

GREENWOOD VILLAGE WEST

DOWNTOWN DENVER

32.4%

January through June

2022

GREENWOOD VILLAGE EAST

CRESTMOOR PARK

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

2021

GOLDEN TRIANGLE

82.9%

January through June

in Greenwood Village West (over one acre) increased by 39.4% in the first half of 2022 compared to that of 2021.

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

2022

% Change

January through June

$3,184,455

$3,644,643

14.5%

Average Price

$550

$766

39.4%

Average Price Per Square Foot

34

65

91.2%

Average Days on Market

$5,425,000

$5,950,000

9.7%

11

7

-36.4%

97.5%

95.6%

-1.9%

Highest Price Properties Sold % Sold Price to List Price

38.5%

The average home price per square foot

in Heritage Greens increased by 38.5% in the first half of 2022 compared to that of 2021.

January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2022

% Change

January through June

$832,582

$945,691

13.6%

Average Price

$603

$687

14.0%

Average Price Per Square Foot

6

5

-16.7%

Average Days on Market

$1,620,000

$1,995,000

23.1%

Highest Price

58

44

-24.1%

105.7%

107.9%

Properties Sold % Sold Price to List Price

Boundaries: Colorado to Holly; 6 to Colfax

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

$942,616

23.0%

$535

$676

26.3%

23

11

-52.2%

$2,100,000

$2,775,000

32.1%

211

149

-29.4%

101.2%

106.4%

5.1%

52.2%

The average number of days on market

in Highlands decreased by 52.2% in the first half of 2022 compared to that of 2021.

2021

2022

% Change

$1,826,625

$2,355,886

29.0%

$567

$735

29.7%

29

6

-79.3%

$4,500,000

$8,000,000

77.8%

52

45

-13.5%

98.5%

104.9%

6.4%

th

2021

2022

% Change

$1,113,719

$1,427,059

28.1%

Average Price

$330

$457

38.5%

Average Price Per Square Foot

4

4

0.0%

$1,975,000

$2,255,000

14.2%

16

17

6.3%

Properties Sold

104.4%

108.8%

4.2%

% Sold Price to List Price

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

$766,250

Boundaries: Alameda to 6 ; Colorado to Holly

th

January through June

% Change

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

2021

2.1%

2022

January through June

Average Days on Market Highest Price

2021

2022

% Change

$705,229

$818,102

16.0%

$370

$445

20.1%

5

8

60.0%

$1,508,000

$2,044,116

35.6%

73

55

-24.7%

105.9%

107.6%

1.6%

Boundaries: Colorado to Quebec; Arapahoe to Dry Creek

16.0%

The average home price in Homestead increased by 16.0% in the first half of 2022 compared to that of 2021.

HOMESTEAD

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.

2021

HILLTOP

HALE MAYFAIR

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

HERITAGE GREENS

GREENWOOD VILLAGE WEST

The average home price per square foot

Average Price

2021

HIGHLANDS

39.4%

January through June

Average Price Per Square Foot Average Days on Market Highest Price Properties Sold

2022

% Change

January through June

$590,671

$807,490

36.7%

Average Price

$443

$576

30.2%

Average Price Per Square Foot

41

13

-68.3%

$1,100,000

$1,705,000

55.0%

Highest Price

92

58

-37.0%

Properties Sold

100.4%

105.1%

4.7%

2021

2022

% Change

$621,434

$741,525

19.3%

$388

$468

20.7%

10

8

-20.0%

$3,200,000

$2,800,000

-12.5%

765

692

-9.5%

105.0%

106.0%

0.9%

Average Days on Market

% Sold Price to List Price

Boundaries: Federal Blvd to S Platte River; South of 29th Ave & Speer Blvd, North of Mile High Stadium

January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

Boundaries: City of Lakewood

2021

2022

% Change

January through June

$1,527,500

$1,772,250

16.0%

Average Price

$401

$447

11.4%

Average Price Per Square Foot

7

3

-57.1%

Average Days on Market

$1,820,000

$2,127,500

16.9%

Highest Price

12

6

-50.0%

102.4%

107.0%

4.5%

The average home price in Ken Caryl Valley increased by 38.6% in the first

half of 2022 compared to that of 2021.

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

% Sold Price to List Price

$773,800

$969,003

25.2%

$529

$655

23.8%

25

12

-52.0%

$2,100,000

$2,775,000

32.1%

177

111

-37.3%

100.9%

105.4%

4.6%

Boundaries: W 38 Avenue to I-25; Speer Blvd to Zuni Street th

2021

2022

% Change

$918,606

$1,273,360

38.6%

Average Price

$368

$477

29.8%

Average Price Per Square Foot

4

4

0.0%

$1,612,000

$2,070,000

28.4%

Highest Price

26

25

-3.8%

Properties Sold

102.8%

109.4%

6.4%

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

% Change

January through June

Average Days on Market

% Sold Price to List Price

2021

2022

% Change

$914,081

$1,224,920

34.0%

$364

$456

25.1%

14

15

7.1%

$1,436,000

$3,260,000

127.0%

31

25

-19.4%

101.1%

106.6%

5.5%

Boundaries: Quebec to Unita; Alameda to 11th

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.

34.0% The average home price in Lowry

increased by 34.0% in the first half of 2022 compared to that of 2021.

LOWRY

38.6%

Average Price

2022

Properties Sold

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

January through June

2021

LOHI

KEN CARYL VALLEY

Average Price

% Sold Price to List Price

KEN CARYL NORTH RANCH

JEFFERSON PARK

With both new residential and commercial developments, Jefferson Park offers a mix of both young professionals and families.

2021

LAKEWOOD

January through June

MONTCLAIR

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

2021

2022

% Change

January through June

$861,006

$1,022,692

18.8%

Average Price

$542

$636

17.2%

Average Price Per Square Foot

13

8

-38.5%

$1,895,000

$2,430,000

28.2%

Highest Price

67

61

-9.0%

Properties Sold

102.8%

104.4%

1.6%

Average Days on Market

% Sold Price to List Price

54.1%

The average number of days on market in Observatory Park decreased by 54.1% in the first half of 2022 compared to that of 2021.

January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

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

2022

% Change

$1,816,312

$2,258,616

24.4%

Average Price

$562

$710

26.5%

Average Price Per Square Foot

37

17

-54.1%

Average Days on Market

$3,757,900

$4,200,000

11.8%

50

31

-38.0%

98.9%

102.7%

3.9%

January through June

Highest Price Properties Sold % Sold Price to List Price

$1,131,676

20.0%

$696

$765

9.9%

8

8

0.0%

$1,965,000

$2,525,000

28.5%

43

58

34.9%

104.1%

107.9%

3.6%

2021

2022

% Change

$2,875,000

$2,315,000

-19.5%

$499

$627

25.8%

60

3

-95.0%

$3,900,000

$2,315,000

-40.6%

5

1

-80.0%

94.9%

100.7%

6.0%

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

2021

2022

% Change

$946,563

$1,106,509

16.9%

Average Price

$598

$712

19.1%

Average Price Per Square Foot

10

9

-10.0%

$4,000,000

$3,812,500

-4.7%

Highest Price

108

120

11.1%

Properties Sold

106.0%

108.7%

2.5%

% Sold Price to List Price

Boundaries: Colfax to 26th; Colorado to Quebec

$943,271

January through June

Average Days on Market

2021

2022

% Change

$494,795

$642,155

29.8%

$436

$519

19.0%

23

11

-52.2%

$985,000

$1,000,000

1.5%

59

39

-33.9%

101.3%

103.8%

2.4%

Boundaries: I-25 to York St; South of I-70; North of Park Ave; East of Lawrence St to 40th Avenue

29.8% The average home price in RiNo increased by 29.8% in the first half of 2022 compared to that of 2021.

RINO

PARK HILL

January through June

% Change

Boundaries: Broadway to Downing; Louisiana to Evans

2021

Boundaries: University to Colorado; Evans to Yale

2022

POLO RESERVE

OBSERVATORY PARK

Boundaries: Holly to Quebec; 6th to Colfax

2021

PLATT PARK

January through June

SLOAN’S LAKE

The number of properties sold in the City of Denver increased by 7.8% January through

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

The average home price in Southern Hills increased by 19.6% in the first half of 2022 compared to that of 2021.

% Change

January through June

$936,721

$1,096,602

17.1%

$623

$704

12.9%

Average Price Per Square Foot

21

9

-57.1%

Average Days on Market

$2,500,000

$2,500,000

0.0%

74

67

-9.5%

103.4%

104.0%

0.5%

Average Price

Highest Price Properties Sold % Sold Price to List Price

2022

% Change

$1,050,000

$1,031,978

-1.7%

$330

$478

45.0%

25

12

-52.0%

$1,050,000

$1,424,350

35.7%

21

21

0.0%

104.1%

107.9%

3.6%

2021

2022

% Change

$729,026

$876,083

20.2%

$550

$629

14.3%

10

8

-20.0%

$1,600,000

$1,875,000

17.2%

135

130

-3.7%

104.2%

105.9%

1.7%

45.0%

The average price per square foot in

Southmoor Park increased by 45.0% in the first half of 2022 compared to that of 2021.

Boundaries: Colfax to 29th; Sheridan to Federal

January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2021

2022

% Change

January through June

$1,142,400

$1,365,887

19.6%

Average Price

$567

$660

16.4%

Average Price Per Square Foot

6

8

33.3%

Average Days on Market

$2,060,000

$2,525,000

22.6%

Highest Price

32

30

-6.3%

Properties Sold

104.6%

104.2%

-0.4%

% Sold Price to List Price

Boundaries: University to Colorado; Yale to Hampden

The charming and entertaining Streets of Southglenn are one of the best spots in the Denver Metro area. Located in Centennial, Southglenn brings an urban feel out to the suburbs.

2021

January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

Boundaries: Federal Blvd to Inca St; W 38th Ave to I-70

2021

2022

% Change

$624,159

$693,467

11.1%

Average Price

$326

$351

7.5%

Average Price Per Square Foot

6

7

16.7%

Average Days on Market

$765,914

$900,000

11.1%

Highest Price

24

31

29.2%

Properties Sold

107.1%

104.1%

-2.8%

% Sold Price to List Price

Boundaries: Colorado to University; Arapahoe to Dry Creek

January through June

2021

2022

% Change

$703,171

$842,997

19.9%

$269

$313

16.3%

9

10

11.1%

$1,400,000

$1,365,000

-2.5%

79

55

-30.4%

103.5%

105.5%

2.0%

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

19.9% The average home price in Tallyn’s Reach increased by 19.9% in the first half of 2022 compared to that of 2021.

TALLYN’S REACH

SOUTHGLENN

19.6%

2022

SUNNYSIDE

SOUTHERN HILLS

June 2021 compared to that of 2019.

2021

SOUTHMOOR PARK

7.8%

January through June

UPTOWN

January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2021

2022

% Change

$552,306

$620,902

12.4%

Average Price

$426

$509

19.5%

Average Price Per Square Foot

35

13

-62.9%

Average Days on Market

$3,100,000

$1,570,000

-49.4%

Highest Price

130

110

-15.4%

Properties Sold

99.4%

104.5%

5.1%

WASHINGTON PARK WEST

WASHINGTON PARK EAST

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

28.6%

% Sold Price to List Price

2021

2022

% Change

$857,235

$1,033,488

20.6%

$593

$734

23.8%

14

8

-42.9%

$2,050,000

$3,600,000

75.6%

131

118

-9.9%

104.2%

108.0%

3.7%

20.6%

The average home price in the area of

West Highlands increased by 20.6% in the first half of 2022 compared to that of 2021.

Boundaries: 38th Avenue; Federal to Sheridan

WHY COLORADO? January through June Average Price Average Price Per Square Foot Average Days on Market

The average days on market in

Highest Price

Washington Park East decreased by

Properties Sold

28.6% in the first half of 2022 compared

% Sold Price to List Price

to that of 2021.

January through June

2021

2022

% Change

$1,723,065

$2,153,632

25.0%

$731

$916

25.3%

28

20

-28.6%

$4,375,000

$5,450,000

24.6%

82

70

-14.6%

101.7%

104.7%

2.9%

Boundaries: Louisiana to Ellsworth, Downing to University

January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2021

2022

% Change

$913,582

$1,088,172

19.1%

$599

$685

14.4%

11

9

-18.2%

$2,505,000

$3,250,000

29.7%

104

87

-16.3%

104.6%

107.2%

2.5%

Boundaries: Louisiana to Ellsworth; Broadway to Downing

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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.”

for new horizons

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MICRO MARKET REPORT | Denver Metro JANUARY - JUNE 2022 • COLORADOMICROREPORTS.COM