NEIGHBORHOOD MICROMARKET REPORT |
January through June
2016
2017
% Change
Average Price Denver Metro • January-September 2017 Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
DENVER METRO NEIGHBORHOODS 7 11 10
6
4 3
35 14 15 34 13 19 20 33 16 21 32 12 31 17 22 23 30 18
45
36 37 43 38
42
44
29 28 27
5 26
39
9 25 2
8
54
40
53
41
1
24
46
47 48 52
49
50
51
1. Ken Caryl Valley 2. Ken Caryl North Ranch 3. Lakewood 4. Belmar 5. Bow Mar/Bow Mar South 6. Sloan’s Lake 7. Berkeley 8. Polo Reserve 9. Columbine Valley 10. LoHi 11. Highlands 12. Baker 13. Golden Triangle 14. Downtown 15. Uptown 16. Denver (City) 17. Washington Park West 18. Platt Park 19. Capitol Hill 20. Cheesman 21. Country Club 22. Washington Park East 23. Bonnie Brae/Belcaro 24. Highlands Ranch 25. Southglenn 26. Greenwood Village West 27. Cherry Hills Village
28. Southern Hills 29. Observatory Park 30. Cory-Merrill 31. Cherry Creek South/East 32. Cherry Creek North 33. Congress Park 34. City Park South 35. City Park 36. Park Hill 37. Hale Mayfair 38. Hilltop 39. Greenwood Village East 40. Homestead 41. Heritage Greens 42. Crestmoor 43. Montclair 44. Lowry 45. Stapleton 46. Lone Tree 47. Castle Pines North 48. Castle Pines Village 49. The Meadows 50. Keene Ranch 51. Bell Mountain Ranch 52. Pradera & Timbers 53. Tallyn’s Reach 54. Saddle Rock Golf Club
Pictured on cover: 3 Countryside Lane, Cherry Hills Village
coloradomicroreports.com
DENVER METRO Market Introduction As Colorado continues to develop as a national leader in many sectors including commerce, recreation, research, energy, employment, cultural activities, and sporting events- home values continue to rise. Although the influx of new residents has tapered slightly in 2017, the real estate market remains robust, and still favors sellers. New sales have increased 2.9% year-over-year, though the number of new listings coming on the market is up only 0.3% in Denver metro, making for fewer choices and continued-competitive conditions in the marketplace. The average price of single family homes and condos combined rose 7.7%, resulting in an average price of $427,031 in Denver metro. In the city of Denver, the average price of single family homes and condos rose 10.9%, resulting in an average price of $471,498.
METRO DENVER January through September
2017
% Change
New Listings
50,763
50,922
0.3%
Sold Listings (All Properties)
39,762
40,919
2.9%
Sold Single Family
28,315
28,900
2.1%
Sold Condo
11,447
12,019
5.0%
23
23
0.0%
$396,633
$427,031
7.7%
100.5%
99.4%
-1.1%
$15,770,902,765
$17,473,666,463
10.8%
Average Days on Market Average Price % Sold Price to Original List Total Dollar Volume Sold
Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson
Across the board, days on market reflected a 0% change (now 23 days on average). Excess demand and short supply drive prices higher, meaning full price offers are still the norm with an average list price to sell price ratio of 99.4% throughout the Denver metro area. Overall, the market is growing, and at just over $17B year-to-date in Total Dollar Volume Sold, is running 10.8% higher than the same time last year. We’re entering our third year of double-digit increases, and provided that there are no major disruptions to the economy or other unforeseen events, we expect those numbers to continue to rise.
livsothebysrealty.com
2016
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.
January - September 2017,
40,919
homes sold for an average of
$427,031
or, $17,473,666,463 total dollar volume sold.
MICROMARKET REPORT | Denver Metro JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
DENVER (CITY) January through September Average Price
2016
2017
% Change
$424,978
$471,498
10.9%
$257
$279
8.6%
24
24
0.0%
$5,600,000
$5,850,000
4.5%
Properties Sold
10,845
9,892
-8.8%
% Sold Price to List Price
99.3%
99.0%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price
Boundaries: City of Denver
32 Polo Club Circle, Denver
BAKER January through September Average Price
2016
$438,656
5.6%
$354
$368
4.0%
14
21
50.0%
$840,000
$802,500
-4.5%
90
92
2.2%
100.7%
99.9%
-0.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$415,371
Average Price per Square Foot
Highest Price
2017
5.6%
January through September 2017, the average price in the neighborhood of Baker increased by 5.6% compared to that of 2016.
Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway
BELL MOUNTAIN RANCH January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$762,369
$798,867
4.8%
$276
$290
5.2%
94
153
62.8%
$986,660
$967,500
-1.9%
14
12
-14.3%
93.8%
94.8%
1.1%
Boundaries: I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle
750 Bold Sun Circle, Bell Mountain Ranch
coloradomicroreports.com
BELMAR January through September
2016
Average Price
Belmar shopping and dining district is home to more than 80+ galleries, restaurants, and shops that include local boutiques and national brands.
% Change
$413,315
$384,973
-6.9%
$254
$255
0.5%
158
33
-79.1%
$1,065,000
$850,000
-20.2%
47
32
-31.9%
98.1%
99.0%
0.9%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Kentucky to Alameda; Wadsworth to Pierce
11.7%
The average price per square foot for the neighborhood of Bonnie Brae/ Belcaro increased by 11.7% January through September 2017 compared to that of 2016.
BERKELEY January through September
2016
Average Price
$537,543
9.0%
$398
$445
11.7%
25
22
-12.0%
$1,086,930
$1,300,000
19.6%
136
136
0.0%
99.2%
98.8%
-0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$493,285
Average Price per Square Foot
Highest Price
2017
Boundaries: 38th to I-70; Sheridan to Federal
BONNIE BRAE/BELCARO January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$973,156
$1,145,243
17.7%
$449
$511
13.7%
40
27
-32.5%
$2,200,000
$2,300,000
4.5%
60
43
-28.3%
96.7%
97.3%
0.6%
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
966 Bonnie Brae Boulevard, Bonnie Brae
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
BOW MAR/BOW MAR SOUTH January through September
2016
2017
Average Price
$1,110,676
$1,260,744
13.5%
$349
$401
15.1%
111
66
-40.5%
$2,075,000
$2,630,000
26.7%
17
18
5.9%
93.2%
93.5%
0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
15.1%
The average price per square foot for the neighborhoods of Bow Mar/Bow Mar South increased by 15.1% January through September 2017 compared to that of 2016.
Boundaries:
CAPITOL HILL January through September Average Price
2016
$347,039
10.2%
$317
$335
5.9%
20
23
15.0%
$1,600,000
$3,250,000
103.1%
243
285
17.3%
99.8%
99.2%
-0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$314,912
Average Price per Square Foot
Highest Price
2017
Boundaries: Broadway to Downing; 6th to Colfax
1350 North Logan Street, Capitol Hill
CASTLE PINES January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$598,690
$607,758
1.5%
$214
$222
3.8%
56
49
-12.5%
$1,465,000
$1,400,000
-4.4%
89
94
5.6%
96.4%
96.9%
0.5%
Castle Pines is known for its mild and pleasant temperatures. It is located in an area that is shielded from the mountains and just outside the reach of the extreme heat of the plains.
Boundaries: Country Club Parkway to Coyote Park; Daniels Park to Yorkshire
coloradomicroreports.com
CASTLE PINES VILLAGE January through September
2016
Average Price
$1,225,774
15.1%
$309
$334
7.9%
141
168
19.1%
$2,875,000
$4,800,000
67.0%
76
92
21.1%
96.9%
96.7%
-0.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,065,350
Average Price per Square Foot
Highest Price
2017
Boundaries: US 85 & Copper Blush to Northwood; Daniels Park to Gate 5; Country Club to I-25
1202 Wildcat Bend Court, Castle Pines Village
10.3%
January through September 2017, the average price per square foot in the neighborhood of Cheesman increased by 10.3% compared to that of 2016.
CHEESMAN January through September
2016
Average Price
$409,169
-13.0%
$337
$372
10.3%
27
31
14.8%
$2,525,000
$5,000,000
98.0%
149
132
-11.4%
98.2%
99.3%
1.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$470,207
Average Price per Square Foot
Highest Price
2017
Boundaries: York to Downing; Colfax to 8th
CHERRY CREEK NORTH January through September
2016
Average Price
$1,165,744
$1,064,447
-8.7%
$505
$468
-7.4%
58
61
5.2%
$5,438,873
$4,800,000
-11.7%
131
102
-22.1%
96.7%
96.3%
-0.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Boundaries: York to Colorado; 1st to 6th
421 Madison Street, Cherry Creek North
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
CHERRY CREEK EAST & SOUTH January through September
2016
Average Price
% Change
$619,967
$648,695
4.6%
$344
$371
7.7%
83
137
65.1%
$2,250,000
$1,720,000
-23.6%
81
101
24.7%
97.0%
97.2%
0.2%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
4.6%
January through September 2017, the average price in the neighborhood of Cherry Creek East & South increased by 4.6% compared to that of 2016.
Boundaries: University to Colorado; Alameda to 1st
CHERRY HILLS VILLAGE January through September Average Price
2016
$1,617,638
1.8%
$378
$387
2.2%
83
82
-1.2%
$3,445,000
$3,800,000
10.3%
48
50
4.2%
93.0%
93.4%
0.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,589,508
Average Price per Square Foot
Highest Price
2017
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
19 Cherry Hills Park Drive, Cherry Hills Village
CHERRY HILLS VILLAGE January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$2,509,285
$2,779,480
10.8%
$462
$482
4.4%
147
159
8.2%
$6,530,000
$6,000,000
-8.1%
42
40
-4.8%
86.6%
91.2%
5.3%
Cherry Hills Village features stately residences and unparalleled amounts of acreage on property lots- a rarity for a neighborhood this close to metro Denver.
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
coloradomicroreports.com
CITY PARK January through September
City Park is home to the Denver Zoo and the Denver Museum of Nature and Science.
2016
Average Price
% Change
$487,075
$583,130
19.7%
$340
$352
3.7%
25
24
-4.0%
$915,000
$1,300,000
42.1%
73
62
-15.1%
98.3%
98.8%
0.5%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Downing to York; 18th to Martin Luther King
CITY PARK SOUTH January through September
2016
Average Price
$639,633
1.1%
$420
$447
6.4%
24
16
-33.3%
$930,000
$935,000
0.5%
16
17
6.3%
100.1%
98.7%
-1.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$632,594
Average Price per Square Foot
Highest Price
2017
Boundaries: York to Colorado; Colfax to 17th
3100 East 17th Avenue, City Park South
20.0%
The number of properties sold for the neighborhood of Columbine Valley increased by 20.0% in January through September 2017 compared to that of 2016.
COLUMBINE VALLEY January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$999,316
$985,300
-1.4%
$305
$334
9.3%
77
142
84.4%
$1,815,000
$1,999,000
10.1%
25
30
20.0%
96.4%
94.1%
-2.5%
Boundaries: South Polo Ridge Drive to West Boles Avenue; Platte Canyon Road to South Platte River
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
CONGRESS PARK January through September
2016
Average Price
$504,946
$545,950
8.1%
$381
$419
10.0%
25
24
-4.0%
$1,300,000
$1,350,000
3.8%
192
166
-13.5%
99.5%
98.8%
-0.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Well-equipped Congress Park offers eight tennis courts, athletic fields, a picnic area, a playground, and a public outdoor swimming pool.
Boundaries: York to Colorado; 6th to Colfax
CORY-MERRILL January through September Average Price
2016
$859,659
9.0%
$409
$444
8.6%
45
37
-17.8%
$1,574,900
$1,615,000
2.5%
100
93
-7.0%
96.1%
96.7%
0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
8.6%
% Change
$788,428
Average Price per Square Foot
Highest Price
2017
The average price per square foot for the neighborhood of Cory-Merrill increased by 8.6% January through September 2017 compared to that of 2016.
Boundaries: South University Blvd to South Colorado Blvd; I-25 to East Mississippi Ave
COUNTRY CLUB January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$1,954,328
$2,240,833
14.7%
$556
$561
0.9%
78
116
48.7%
$3,458,000
$3,735,000
8.0%
18
6
-66.7%
91.5%
96.1%
5.1%
Boundaries: University to Downing 1st-4th; Race to University 4th-6th
177 Humboldt Street, Country Club
coloradomicroreports.com
CRESTMOOR January through September
2016
Average Price
2017
$973,336
$1,386,550
42.5%
$403
$442
9.8%
61
26
-57.4%
$2,010,000
$2,475,000
23.1%
14
20
42.9%
94.7%
96.3%
1.7%
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
6100 East 3rd Avenue, Crestmoor
4.5%
January through September 2017, the number of properties sold in the neighborhood of Downtown Denver increased by 4.5% compared to that of 2016.
DOWNTOWN January through September Average Price
2016
2017
$485,648
$569,700
17.3%
$416
$449
8.0%
53
53
0.0%
$3,250,000
$4,950,000
52.3%
382
399
4.5%
97.3%
96.8%
-0.5%
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 September Average Price Average Price per Square Foot
2016
2017
$549,716
$462,817
-15.8%
$346
$349
0.9%
94
36
-61.7%
$1,450,000
$875,000
-39.7%
53
35
-34.0%
97.9%
97.6%
-0.3%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: North Speer Boulevard to Broadway; Colfax to 7th
1200 Acoma Street #306, Golden Triangle
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
GREENWOOD VILLAGE EAST January through September
2016
2017
Average Price
$1,067,130
$1,192,290
11.7%
$328
$379
15.6%
52
90
73.1%
$2,000,000
$2,133,370
6.7%
38
29
-23.7%
95.9%
97.1%
1.3%
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
4050 East Linden Lane, Greenwood Village East
GREENWOOD VILLAGE WEST January through September Average Price
2016
$1,457,604
-9.0%
$387
$398
2.8%
89
96
7.9%
$3,100,000
$3,230,899
4.2%
40
45
12.5%
93.4%
93.6%
0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,602,499
Average Price per Square Foot
Highest Price
2017
The area that is now Greenwood Village was first settled in the 1860s when settlers came from all over the country in search of gold.
(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
GREENWOOD VILLAGE WEST January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$2,025,462
$2,011,889
-0.7%
$469
$400
-14.9%
127
38
-70.1%
$4,700,000
$3,750,000
-20.2%
13
9
-30.8%
92.8%
96.4%
3.9%
3.9%
January through September 2017, the percent sold price to list price in the neighborhood of Greewood Village increased by 3.9% compared to that of 2016.
(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
coloradomicroreports.com
15.0%
The number of properties sold for the neighborhood of Hale Mayfair increased by 15.0% January through September 2017 compared to that of 2016.
HALE MAYFAIR January through September
2016
Average Price
$596,415
2.7%
$418
$439
5.1%
26
28
7.7%
$1,970,000
$1,250,000
-36.5%
80
92
15.0%
98.6%
99.3%
0.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$580,953
Average Price per Square Foot
Highest Price
2017
Boundaries: Colorado to Holly; 6th to Colfax
HERITAGE GREENS January through September Average Price
2016
$841,522
12.2%
$259
$266
2.6%
28
54
92.9%
$995,000
$1,575,000
58.3%
24
27
12.5%
98.4%
96.8%
-1.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$749,945
Average Price per Square Foot
Highest Price
2017
Boundaries: Dry Creek to County Line; Colorado Boulevard to Holly
7741 South Glencoe Court, Heritage Greens
HIGHLANDS January through September
Victorian-era homes and buildings, lush gardens and parks, hip independently owned shops, art galleries, and restaurants, all make the Highlands a fun and diverse neighborhood.
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$560,669
$605,910
8.1%
$386
$411
6.5%
136
50
-63.2%
$1,657,000
$1,649,000
-0.5%
250
229
-8.4%
97.8%
97.4%
-0.4%
Boundaries: W 38th Ave to Speer Blvd; S Platte River to Federal Blvd
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY-SEPTEMBER 2017 •COLORADOMICROREPORTS.COM
(WEST) HIGHLANDS January through September Average Price
2016
2017
$539,891
$606,741
12.4%
$402
$441
9.8%
28
20
-28.6%
$1,600,000
$1,399,000
-12.6%
183
177
-3.3%
98.3%
98.8%
0.5%
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
3335 West 29th Street, West Highlands
HIGHLANDS RANCH January through September Average Price
2016
2017
$465,354
$504,077
8.3%
$220
$239
8.7%
19
18
-5.3%
$2,604,938
$8,116,000
211.6%
524
506
-3.4%
99.2%
99.8%
0.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
8.7%
% Change
The average price per square foot for the neighborhood of Highlands Ranch increased by 8.7% January through September 2017 compared to that of 2016.
Boundaries: Daniels Park to County Line; Santa Fe to Quebec
HILLTOP January through September
2016
Average Price
$1,182,457
$1,442,940
22.0%
$405
$438
8.4%
76
78
2.6%
$3,400,000
$4,950,000
45.6%
76
74
-2.6%
95.4%
95.7%
0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Boundaries: Alameda to 6th; Colorado to Holly
45 Ash Street, Hilltop
coloradomicroreports.com
HOMESTEAD January through September
2016
Average Price
$462,990
$484,322
4.6%
$255
$273
7.3%
21
21
0.0%
$1,300,000
$1,075,000
-17.3%
105
96
-8.6%
98.7%
99.0%
0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
7131 South Forest Court, Homestead
KEENE RANCH Keene Ranch offers stunning mountain views and a secluded atmosphere, all within a 30 minute drive to the metro Denver area and Colorado Springs.
January through September
2016
Average Price
$902,504
$987,454
9.4%
$267
$324
21.3%
69
69
0.0%
$1,285,000
$1,247,400
-2.9%
15
10
-33.3%
95.9%
95.5%
-0.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road
6.6%
The average price for the neighborhood of Ken-Caryl North Ranch increased by 6.6% January through September 2017 compared to that of 2016.
KEN-CARYL NORTH RANCH January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$980,194
$1,044,615
6.6%
$265
$296
11.8%
59
37
-37.3%
$1,335,000
$1,495,000
12.0%
18
13
-27.8%
94.1%
97.4%
3.4%
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
KEN-CARYL VALLEY January through September
2016
Average Price
% Change
$677,507
$701,782
3.6%
$248
$273
10.1%
25
33
32.0%
$1,125,000
$1,295,000
15.1%
25
46
84.0%
98.2%
97.4%
-0.8%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
10.1%
January through September 2017, the average price per square foot for the neighborhood of Ken-Caryl Valley increased by 10.1% compared to that of 2016.
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Caryl Ave
LAKEWOOD January through September
2016
Average Price
% Change
$409,932
$445,978
8.8%
$247
$276
11.6%
26
21
-19.2%
$1,755,000
$1,950,000
11.1%
1,198
1,183
-1.3%
99.4%
99.1%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: City of Lakewood
11624 West Applewood Knolls Drive, Lakewood
LOHI January through September
2016
Average Price
% Change
$588,641
$631,085
7.2%
$387
$407
5.3%
125
60
-52.0%
$1,100,000
$1,649,000
49.9%
179
171
-4.5%
97.3%
97.0%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
The Lower Highlands, LoHi for short, features an eclectic mix of coffee shops, street fairs, farmers’ markets and more.
Boundaries: W 38th to I-25; Speer Blvd to Zuni Street
coloradomicroreports.com
LONE TREE Citizens of Lone Tree, located on the southern edge of the Denver metro area, take pride in their city motto, “It’s a great day to be in Lone Tree”.
January through September
2016
Average Price
$766,083
19.7%
$216
$245
13.5%
61
47
-23.0%
$1,655,000
$2,600,000
57.1%
41
32
-22.0%
97.0%
95.8%
-1.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$640,034
Average Price per Square Foot
Highest Price
2017
Boundaries: South of Ridgegate parkway to County Line; Peoria to Quebec
LOWRY January through September
2016
Average Price
$733,293
7.1%
$295
$287
-2.7%
79
34
-57.0%
$1,638,000
$1,525,000
-6.9%
64
53
-17.2%
98.5%
97.2%
-1.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$684,821
Average Price per Square Foot
Highest Price
2017
Boundaries: Quebec to Unita; Alameda to 11th
6956 East Archer Place, Lowry
11.3%
The highest price for the neighborhood of The Meadows increased by 11.3% January through September 2017 compared that of 2016.
THE MEADOWS January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$421,693
$447,868
6.2%
$191
$201
5.4%
35
26
-25.7%
$720,000
$801,262
11.3%
393
336
-14.5%
98.4%
98.7%
0.3%
Boundaries: N Meadows Drive to Coachline Road; Breezy lane to Dairylide Street
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
MONTCLAIR January through September Average Price
2016
$560,100
1.1%
$355
$397
11.7%
32
27
-15.6%
$1,405,000
$1,225,000
-12.8%
106
111
4.7%
97.4%
98.3%
1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
11.7%
% Change
$554,086
Average Price per Square Foot
Highest Price
2017
The average price per square foot for the neighborhood of Montclair increased by 11.7% January through September 2017 compared to that of 2016.
Boundaries: Holly to Quebec; 6th to Colfax
OBSERVATORY PARK January through September Average Price
2016
$1,173,055
19.0%
$388
$429
10.6%
46
44
-4.3%
$2,245,000
$3,832,953
70.7%
52
78
50.0%
94.7%
95.7%
1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$985,693
Average Price per Square Foot
Highest Price
2017
Located on the southeastern area of Denver, the Observatory Park neighborhood is primarily made up of single-family homes, with apartments and townhomes scattered throughout the area.
Boundaries: University to Colorado; Evans to Yale
PARK HILL January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$660,262
$692,138
4.8%
$397
$433
8.9%
27
23
-14.8%
$2,525,000
$2,050,000
-18.8%
186
175
-5.9%
98.8%
98.7%
-0.1%
Boundaries: Colfax to 26th; Colorado to Quebec
2020 Niagara Street, Park Hill
coloradomicroreports.com
Platt Park draws people from all over the city to enjoy South Pearl Street’s charming boutiques, restaurants, and the many antique shops found on South Broadway.
PLATT PARK January through September Average Price
2016
% Change
$498,893
$621,529
24.6%
$456
$479
5.0%
17
11
-35.3%
$1,152,000
$1,210,000
5.0%
81
68
-16.0%
99.3%
99.5%
0.2%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Broadway to Downing; Louisiana to Evans
POLO RESERVE January through September
2016
2017
Average Price
$1,392,285
$1,353,190
-2.8%
$279
$277
-0.6%
32
257
703.1%
$1,944,000
$2,475,000
27.3%
2
5
150.0%
88.8%
99.5%
12.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: North of Mineral; South of Arabian Pl; West of the S. Platte River; East of S. Platte Canyon Rd
7640 Polo Ridge Drive, Polo Reserve
PRADERA & TIMBERS
5.7%
January through September 2017, the average price in the neighborhood of Pradera & Timbers increased by 5.7% compared to that of 2016.
January through September Average Price
2016
% Change
$754,608
$797,728
5.7%
$227
$246
8.2%
94
91
-3.2%
$1,720,000
$1,535,000
-10.8%
88
104
18.2%
96.8%
94.8%
-2.0%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Pradera and Timbers Subdivisions in Parker
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY-SEPTEMBER 2017 •COLORADOMICROREPORTS.COM
SADDLE ROCK January through September
2016
Average Price
2017
$584,223
$628,074
7.5%
$190
$199
4.9%
56
50
-10.7%
$1,135,000
$1,495,000
31.7%
70
91
30.0%
97.0%
96.9%
0.0%
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 September
2016
Average Price
2017
$568,342
$616,081
8.4%
$403
$424
5.2%
24
28
16.7%
$1,300,000
$1,750,002
34.6%
126
87
-31.0%
96.7%
97.5%
0.9%
Average Price per Square Foot Average Days on Market Highest Price
% Change
Properties Sold % Sold Price to List Price
Sloan’s Lake is the one of the most walkable neighborhoods in Denver with approximately 7,200 residents. Sloan’s Lake has great public transportation and is very bikeable.
Boundaries: Colfax to 29th; Sheridan to Federal
SOUTHERN HILLS January through September
2016
Average Price
% Change
$619,663
$703,441
13.5%
$343
$377
9.9%
28
24
-14.3%
$1,279,000
$1,440,000
12.6%
50
53
6.0%
96.7%
98.8%
2.1%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: University to Colorado; Yale to Hampden
9.9%
January through September 2017, the average price per square foot for the neighborhood of Southern Hills increased by 9.9% compared to that of 2016.
coloradomicroreports.com
SOUTHGLENN
2.4%
January through September
2016
Average Price
2017
$403,402
$410,441
1.7%
$236
$238
0.8%
14
22
57.1%
$505,000
$516,900
2.4%
40
40
0.0%
99.2%
98.8%
-0.5%
Average Price per Square Foot Average Days on Market
The highest price in the neighborhood of Southglenn increased by 2.4% January through September 2017 compared to that of 2016.
Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Washington to University; Arapahoe to Dry Creek
STAPLETON January through September
2016
Average Price
$655,454
8.4%
$277
$294
6.3%
21
48
128.6%
$1,200,000
$1,460,000
21.7%
163
224
37.4%
99.3%
99.7%
0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$604,885
Average Price per Square Foot
Highest Price
2017
Boundaries: Quebec to Havana; 23rd to 40th
2914 Elmira Street, Stapleton
TALLYN’S REACH January through September
Tallyn’s Reach is known for its beautiful surroundings. Here, 200-year-old Ponderosa Pines accentuate the landscape from nearly every vantage.
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$521,493
$539,590
3.5%
$199
$211
6.2%
41
47
14.6%
$1,300,000
$1,087,000
-16.4%
102
114
11.8%
97.7%
98.2%
0.5%
Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
UPTOWN January through September Average Price
2016
% Change
$407,700
$435,068
6.7%
$343
$365
6.7%
77
87
13.0%
$975,000
$875,000
-10.3%
157
121
-22.9%
99.4%
99.8%
0.4%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
6.7%
The average price per square foot for the neighborhood of Uptown increased by 6.7% January through September 2017 compared to that of 2016.
Boundaries: North of Colfax; East of Broadway; South of 20th; 20th & Park to 19th; West of Josephine
WASHINGTON PARK EAST January through September Average Price
2016
% Change
$1,042,006
$1,172,773
12.5%
$514
$548
6.8%
42
40
-4.8%
$5,600,000
$5,850,000
4.5%
112
94
-16.1%
97.4%
96.2%
-1.2%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Lousisana to Ellsworth; Downing to University
1058 South High Street, Washington Park East
WASHINGTON PARK WEST January through September Average Price
2016
$662,113
15.0%
$412
$436
5.9%
24
24
0.0%
$1,159,000
$1,620,000
39.8%
126
106
-15.9%
98.6%
98.5%
-0.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$575,900
Average Price per Square Foot
Highest Price
2017
Washington Park features 155 acres of pleasant grounds including two lakes and two flower gardens, one of which is a replica of George Washington’s gardens at Mount Vernon.
Boundaries: Louisiana to Ellsworth; Broadway to Downing
coloradomicroreports.com
WE ARE.
THE VOICE OF COLORADO REAL ESTATE
1812 Little Raven Street, Denver
14
1
Exceptional Brand
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.