MICROMARKET REPORT |
Denver Metro • January-September 2018
DENVER METRO NEIGHBORHOODS 7 11 10
6
4 3
35 14 15 34 13 19 20 33 16 21 32 12 31 17 22 23 30 18
45
36 37 43 38
42
44
29 28 27
5 26
39
9 25 2
8
54
40
53
41
1
24
46
47 48 52
49
50
51
1.
Ken Caryl Valley
28.
Southern Hills
2.
Ken Caryl North Ranch
29.
Observatory Park
3. Lakewood
30. Cory-Merrill
4. Belmar
31.
Cherry Creek South/East
5.
Bow Mar/Bow Mar South
32.
Cherry Creek North
6.
Sloan’s Lake
33.
Congress Park
7. Berkeley
34.
City Park South
8.
Polo Reserve
35.
City Park
9.
Columbine Valley
36.
Park Hill
10. LoHi
37.
Hale Mayfair
11. Highlands
38. Hilltop
12. Baker
39.
13.
40. Homestead
Golden Triangle
Greenwood Village East
14. Downtown
41.
Heritage Greens
15. Uptown
42. Crestmoor
16.
Denver (City)
43. Montclair
17.
Washington Park West
44. Lowry
18.
Platt Park
45. Stapleton
19.
Capitol Hill
46.
Lone Tree
20. Cheesman
47.
Castle Pines North
21.
Country Club
48.
Castle Pines Village
22.
Washington Park East
49.
The Meadows
23.
Bonnie Brae/Belcaro
50.
Keene Ranch
24.
Highlands Ranch
51.
Bell Mountain Ranch
25. Southglenn
52.
Pradera & Timbers
26.
Greenwood Village West
53.
Tallyn’s Reach
27.
Cherry Hills Village
54.
Saddle Rock Golf Club
Pictured on cover: 1 Ravenswood Road, Cherry Hills Village
coloradomicroreports.com
DENVER METRO market update Panoramic mountain views, a strong economy, trendy restaurants and entertainment, and a heart for innovation, are just a few of the reasons many people are proud to live in the Denver Metro. While the Denver Metro area continues to attract new buyers, the rate of available housing lags slightly behind, even with steady new development. LIV Sotheby’s International Realty reports on the Denver Metro’s real estate market, sectioning into 54 neighborhoods. For January through September 2018, the number of new listings, listings sold, days on market, and percentage of sold-price to original list-price, remain similar to 2017. However, the reported average price continues to rise in 2018, with an 8.6% increase in average price for single-family homes (rising to $515,455 in 2018) and an 11.3% increase in average price for attached dwellings (rising to $347,707 in 2018). In addition, the January through September 2017 2018 % Change total dollar volume sold also raised in 2018 by 5.6%. The good news for sellers is that New Listings 50,982 51,463 0.9% buyers are willing to pay higher prices with a limited amount of new inventory, until Sold Listings (All Properties) 41,247 39,902 -3.3% the new construction projects catch up with the high-demand.
DENVER METRO
Sold Single Family
Across the 54 neighborhoods there are notable drops in average days on market and increases in average price for January through September of 2018 compared to the same time frame of 2017. Some specific highlights from the Denver Metro area include a notable 94.3% increase in properties sold in the Golden Triangle to 68 properties in 2018 (from 35 properties in 2017), a 50% decrease in average days on market for Hale Mayfair to just 14 days in 2018, and a 26.2% increase in average price for City Park South to $807,143 in 2018.
Average Price Single Family Sold Attached Dwellings Average Price Attached Dwellings Average Days on Market % Sold Price to Original List Price Total Dollar Volume Sold
29,135
28,092
-3.6%
$474,444
$515,455
8.6%
12,112
11,810
-2.5%
$312,374
$347,707
11.3%
23
23
0.0%
99.4%
99.4%
0.0%
$17,606,395,132
$18,586,566,313
5.6%
Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson Attached Dwellings Include: Condos, Townhomes, and Duplexes
LIV Sotheby’s International Realty has represented 56% of the top 25 sales in the Metro Denver, year-to-date. Significant sales include: 3 Countryside Lane in Cherry Hills Village for $6,950,000, 9268 South Perry Park Road in Larkspur for $6,750,000, and 210 Vine Street in Denver for $5,668,830. With no surprise, buyers should be prepared to act quick when their Metro Denver dream-home is found. Sellers may be witnessing more activity, but should still prepare their home for excellent conditions as many buyers are comparing homes to new builds (that come without any wear-and-tear).
livsothebysrealty.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.
MICROMARKET REPORT | Denver Metro JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
DENVER (CITY) January through September Average Price
2017
2018
% Change
$458,756
$506,396
10.4%
$270
$293
8.5%
23
23
0.0%
$5,850,000
$8,000,000
36.8%
Properties Sold
10,797
10,771
-0.2%
% Sold Price to List Price
99.1%
99.1%
0.0%
Average Price per Square Foot Average Days on Market Highest Price
Boundaries: City of Denver
475 Maidson Street, Denver
BAKER January through September Average Price
2017
$489,198
11.5%
$368
$400
8.8%
21
36
71.4%
$802,500
$940,000
17.1%
92
94
2.2%
99.9%
100.0%
0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$438,656
Average Price per Square Foot
Highest Price
2018
Baker received historic district designation by the City of Denver in 2000, and is lined with 19th century brick houses and charming local restaurants and businesses.
Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway
BELL MOUNTAIN RANCH January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$798,967
$897,333
12.3%
$290
$316
8.9%
153
154
0.7%
$967,500
$1,400,000
44.7%
12
18
50.0%
94.8%
95.4%
0.6%
Boundaries: I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle
4601 High Spring Road, Bell Mountain Ranch
coloradomicroreports.com
10.0%
The average price for the neighborhood of Belmar increased by 10.0% January through September 2018 compared to that of 2017.
BELMAR January through September
2017
Average Price
% Change
$384,973
$423,469
10.0%
$255
$283
10.9%
33
20
-39.4%
$850,000
$1,125,000
32.4%
32
34
6.3%
99.0%
99.1%
0.1%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: Kentucky to Alameda; Wadsworth to Pierce
BERKELEY January through September
2017
Average Price
$613,087
14.1%
$445
$482
8.3%
22
18
-18.2%
$1,300,000
$1,302,611
0.2%
136
124
-8.8%
98.8%
99.2%
0.4%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
$537,543
Average Price per Square Foot
Berkeley offers its residences an eclectic mix of popular dining options, local art galleries, and a convenient location near I-70.
2018
Boundaries: 38th to I-70; Sheridan to Federal
BONNIE BRAE/BELCARO January through September
2017
2018
Average Price
$1,145,243
$1,310,273
14.4%
$511
$542
6.0%
27
38
40.7%
$2,300,000
$2,700,000
17.4%
43
57
32.6%
97.3%
98.4%
1.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
3130 East Exposition Avenue, Bonnie Brae
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
BOW MAR/BOW MAR SOUTH January through September
2017
2018
Average Price
$1,260,744
$1,475,292
17.0%
$401
$481
20.0%
66
58
-12.1%
$2,630,000
$2,350,000
-10.6%
18
12
-33.3%
93.5%
97.0%
3.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
17.0%
% Change
The average price for the neighborhoods of Bow Mar/Bow Mar South increased by 17.0% January through September 2018 compared to that of 2017.
Boundaries:
CAPITOL HILL January through September Average Price
2017
$384,941
10.9%
$335
$374
11.6%
23
35
52.2%
$3,250,000
$3,100,000
-4.6%
285
337
18.2%
99.2%
98.9%
-0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$347,039
Average Price per Square Foot
Highest Price
2018
Boundaries: Broadway to Downing; 6th to Colfax
900 Pennsylvania 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
2017
2018
% Change
$639,191
$730,538
14.3%
$230
$248
7.8%
46
56
21.7%
$1,785,000
$1,925,670
7.9%
186
171
-8.1%
96.0%
97.0%
1.0%
Castle Pines, located just 20 miles south of Denver, offers its residents the perfect balance of open space and urban living.
Boundaries: Country Club Parkway to Coyote Park; Daniels Park to Yorkshire
coloradomicroreports.com
CASTLE PINES VILLAGE January through September
2017
2018
Average Price
$1,169,662
$1,191,863
1.9%
$329
$345
4.9%
166
138
-16.9%
$4,800,000
$4,300,000
-10.4%
102
118
15.7%
88.0%
92.0%
4.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: US 85 & Copper Blush to Northwood; Daniels Park to Gate 5; Country Club to I-25
1041 Meteor Place, Castle Pines Village
18.0%
January through September 2018, the average price in the neighborhood of Cheesman increased by 18.0% compared to that of 2017.
CHEESMAN January through September
2017
Average Price
$482,630
18.0%
$372
$385
3.5%
31
21
-32.3%
$5,000,000
$3,380,000
-32.4%
132
118
-10.6%
99.3%
98.5%
-0.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$409,169
Average Price per Square Foot
Highest Price
2018
Boundaries: York to Downing; Colfax to 8th
CHERRY CREEK NORTH January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$1,064,447
$1,021,314
-4.1%
$468
$506
8.3%
61
68
11.5%
$4,800,000
$2,700,000
-43.8%
102
103
1.0%
96.3%
94.8%
-1.5%
Boundaries: York to Colorado; 1st to 6th
464 Madison Street, Cherry Creek North
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
11.3%
CHERRY CREEK EAST & SOUTH January through September
2017
Average Price
$722,203
11.3%
$371
$395
6.5%
137
67
-51.1%
$1,720,000
$3,250,000
89.0%
101
99
-2.0%
97.2%
96.2%
-1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$648,695
Average Price per Square Foot
Highest Price
2018
January through September 2018, the average price in the neighborhood of Cherry Creek East & South increased by 11.3% compared to that of 2017.
Boundaries: University to Colorado; Alameda to 1st
CHERRY HILLS VILLAGE January through September
2017
2018
Average Price
$1,617,638
$1,694,146
4.7%
$387
$404
4.4%
82
71
-13.4%
$3,800,000
$3,962,500
4.3%
50
56
12.0%
93.4%
93.2%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Cherry Hills Village, located just south of Denver, was named for the cherry tree groves that lined the original town site.
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
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
2017
2018
% Change
$2,779,480
$2,899,748
4.3%
$482
$469
-2.8%
159
134
-15.7%
$6,000,000
$7,500,000
25.0%
40
36
-10.0%
91.2%
89.0%
-2.4%
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
7 Vista Road, Cherry Hills Village
coloradomicroreports.com
CITY PARK January through September
One of Denver’s most popular destinations, City Park is home to historical monuments, two lakes, picnic sites, playgrounds, and sweeping views of the city’s skyline.
2017
Average Price
% Change
$583,130
$606,548
4.0%
$352
$399
13.3%
24
16
-33.3%
$1,300,000
$1,220,000
-6.2%
62
81
30.6%
98.8%
100.3%
1.6%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: Downing to York; 18th to Martin Luther King
CITY PARK SOUTH January through September
2017
Average Price
$807,143
26.2%
$447
$505
13.2%
16
14
-12.5%
$935,000
$1,100,000
17.6%
17
7
-58.8%
98.7%
97.5%
-1.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$639,633
Average Price per Square Foot
Highest Price
2018
Boundaries: York to Colorado; Colfax to 17th
2749 York Street, City Park South
29.6%
The highest price for the neighborhood of Columbine Valley increased by 29.6% January through December 2018 compared to that of 2017.
COLUMBINE VALLEY January through September
2017
2018
Average Price
$985,300
$1,232,634
25.1%
$334
$400
19.9%
142
159
12.0%
$1,999,000
$2,590,000
29.6%
30
27
-10.0%
94.1%
96.8%
2.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: South Polo Ridge Drive to West Boles Avenue; Platte Canyon Road to South Platte River
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
CONGRESS PARK January through September
2017
Average Price
% Change
$545,950
$591,967
8.4%
$419
$439
4.7%
24
16
-33.3%
$1,350,000
$1,760,000
30.4%
166
164
-1.2%
98.8%
100.0%
1.2%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price
Congress Park saw major residential development between 1900 and 1930, with little residential construction in recent years, preserving the neighborhood’s historic value.
Boundaries: York to Colorado; 6th to Colfax
CORY-MERRILL January through September Average Price
2017
$918,558
6.9%
$444
$474
6.8%
37
41
10.8%
$1,615,000
$1,750,000
8.4%
93
91
-2.2%
96.7%
97.4%
0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
6.8%
% Change
$859,659
Average Price per Square Foot
Highest Price
2018
The average price per square foot for the neighborhood of Cory-Merrill increased by 6.8% January through September 2018 compared to that of 2017.
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
2017
2018
% Change
$2,240,833
$2,824,700
26.1%
$561
$663
18.3%
116
63
-45.7%
$3,735,000
$5,668,830
51.8%
6
15
150.0%
96.1%
94.8%
-1.3%
Boundaries: University to Downing 1st-4th; Race to University 4th-6th
470 Race Street, Country Club
coloradomicroreports.com
CRESTMOOR January through September
2017
Average Price
$1,381,236
-0.4%
$442
$456
3.2%
26
34
30.8%
$2,475,000
$3,550,665
43.5%
20
29
45.0%
96.3%
99.8%
3.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,386,550
Average Price per Square Foot
Highest Price
2018
Boundaries: Holly to Monaco; Bayaud to 6th
10 South Ivy Street, Crestmoor
3.2%
January through September 2018, the average price in Downtown Denver increased by 3.2% compared to that of 2017.
DOWNTOWN January through September Average Price
2017
$588,124
3.2%
$449
$467
4.0%
53
79
49.1%
$4,950,000
$4,150,000
-16.2%
399
381
-4.5%
96.8%
97.3%
0.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$569,700
Average Price per Square Foot
Highest Price
2018
Boundaries: Downtown Denver MLS Area
GOLDEN TRIANGLE January through September Average Price Average Price per Square Foot Average Days on Market* Highest Price Properties Sold % Sold Price to List Price
1200 Acoma Street #401, Golden Triangle
2017
2018
% Change
$462,817
$620,258
34.0%
$349
$368
5.4%
36
348
866.7%
$875,000
$1,150,000
31.4%
35
68
94.3%
97.6%
99.1%
1.6%
Boundaries: North Speer Boulevard to Broadway; Colfax to 7th *Of the 68 residences sold January through September 2018, 37 residences were considered new construction.
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
GREENWOOD VILLAGE EAST January through September
2017
2018
Average Price
$1,192,290
$1,193,439
0.1%
$379
$340
-10.2%
90
57
-36.7%
$2,133,370
$2,130,000
-0.2%
29
48
65.5%
97.1%
97.6%
0.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: I-25 to Havana; Belleview to Orchard
43 Sommerset Circle, Greenwood Village East
GREENWOOD VILLAGE WEST January through September
2017
2018
Average Price
$1,457,604
$1,601,667
9.9%
$398
$395
-0.7%
96
60
-37.5%
$3,230,899
$3,375,000
4.5%
45
42
-6.7%
93.6%
94.9%
1.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Over the past 50 years, Greenwood Village has gone from a land of gravel roads and small farms to an energetic blend of residential and commercial areas.
(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
GREENWOOD VILLAGE WEST January through September
2017
Average Price
$2,011,889
$2,306,688
14.7%
$400
$433
8.5%
38
94
147.4%
$3,750,000
$5,100,000
36.0%
9
16
77.8%
96.4%
94.5%
-2.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
14.7%
January through September 2018, the average price for the neighborhood of Greewood Village increased by 14.7% compared to that of 2017.
(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
coloradomicroreports.com
11.0%
The average price for the neighborhood of Hale Mayfair increased by 11.0% January through September 2018 compared to that of 2017.
HALE MAYFAIR January through September
2017
Average Price
$661,814
11.0%
$439
$477
8.6%
28
14
-50.0%
$1,250,000
$1,495,000
19.6%
92
70
-23.9%
99.3%
99.9%
0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$596,415
Average Price per Square Foot
Highest Price
2018
Boundaries: Colorado to Holly; 6th to Colfax
HERITAGE GREENS January through September Average Price
2017
$808,711
-3.9%
$266
$288
8.4%
54
28
-48.1%
$1,575,000
$1,075,000
-31.7%
27
14
-48.1%
96.8%
98.1%
1.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$841,522
Average Price per Square Foot
Highest Price
2018
Boundaries: Dry Creek to County Line; Colorado Boulevard to Holly
7770 South Glencoe Way, Heritage Greens
8.8%
January through September 2018, the average price per square foot for the neighborhood of Highlands increased by 8.8% compared to that of 2017.
HIGHLANDS January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$605,910
$610,422
0.7%
$411
$448
8.8%
50
64
28.0%
$1,649,000
$1,875,000
13.7%
229
231
0.9%
97.4%
98.5%
1.1%
Boundaries: W 38th Ave to Speer Blvd; S Platte River to Federal Blvd
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
(WEST) HIGHLANDS January through September Average Price
2017
2018
$606,741
$599,704
-1.2%
$441
$495
12.1%
20
16
-20.0%
$1,399,000
$1,550,000
10.8%
177
190
7.3%
98.8%
99.0%
0.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries:38th Ave; Federal to Sheridan
4563 West 34th Avenue, West Highlands
HIGHLANDS RANCH January through September Average Price
2017
2018
$503,978
$518,430
2.9%
$239
$249
4.1%
18
13
-27.8%
$8,116,000
$2,930,758
-63.9%
507
511
0.8%
99.8%
99.8%
0.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
4.1%
% Change
The average price per square foot for the neighborhood of Highlands Ranch increased by 4.1% January through September 2018 compared to that of 2017.
Boundaries: Daniels Park to County Line; Santa Fe to Quebec
HILLTOP January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$1,442,940
$1,295,189
-10.2%
$438
$434
-1.0%
78
58
-25.6%
$4,950,000
$2,925,000
-40.9%
74
62
-16.2%
95.7%
96.0%
0.2%
Boundaries: Alameda to 6th; Colorado to Holly
25 South Glencoe Street, Hilltop
coloradomicroreports.com
HOMESTEAD January through September Average Price
2017
% Change
$484,322
$577,671
19.3%
$273
$299
9.2%
21
20
-4.8%
$1,075,000
$1,355,000
26.0%
96
108
12.5%
99.0%
98.3%
-0.8%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
7211 South Colorado Court, Homestead
KEENE RANCH January through September
Located in the scenic foothills and bordering 1,500 acres of open space, Keene Ranch offers convenient access to Castle Rock and award-winning golf courses.
Average Price
2017
$1,177,143
19.2%
$324
$417
28.7%
69
114
65.2%
$1,247,400
$2,375,000
90.4%
10
7
-30.0%
95.5%
87.8%
-8.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$987,454
Average Price per Square Foot
Highest Price
2018
Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road
15.4%
The number of properties sold in the neighborhood of Ken-Caryl North Ranch increased by 15.4% January through September 2018 compared to that of 2017.
KEN-CARYL NORTH RANCH January through September
2017
Average Price
$1,044,615
$962,510
-7.9%
$296
$283
-4.5%
37
70
89.2%
$1,495,000
$1,256,150
-16.0%
13
15
15.4%
97.4%
93.3%
-4.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
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JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
KEN-CARYL VALLEY January through September
2017
Average Price
% Change
$701,782
$757,676
8.0%
$273
$288
5.3%
33
23
-30.3%
$1,295,000
$1,235,000
-4.6%
46
50
8.7%
97.4%
98.6%
1.2%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price
8.0%
January through September 2018, the average price for the neighborhood of Ken-Caryl Valley increased by 8.0% compared to that of 2017.
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Caryl Ave
LAKEWOOD January through September
2017
Average Price
% Change
$445,978
$495,231
11.0%
$276
$301
9.1%
21
22
4.8%
$1,950,000
$6,490,000
232.8%
1,183
1,165
-1.5%
99.1%
99.1%
-0.1%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: City of Lakewood
11742 West 28th Avenue, Lakewood
LOHI January through September
2017
Average Price
% Change
$631,085
$633,723
0.4%
$407
$446
9.5%
60
47
-21.7%
$1,649,000
$1,875,000
13.7%
171
171
0.0%
97.0%
98.4%
1.4%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price
The Lower Highlands, LoHi for short, features an eclectic mix of coffee shops, street fairs, farmers’ markets and more.
Boundaries: W 38th to I-25; Speer Blvd to Zuni Street
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LONE TREE Lone Tree is home to the Lone Tree Arts Center, which houses a 255 seat event hall for intimate performances, and a 350 seat outdoor terrace theatre.
January through September
2017
Average Price
$752,447
7.2%
$273
$280
2.5%
44
40
-9.1%
$2,600,000
$2,400,000
-7.7%
186
196
5.4%
97.1%
97.5%
0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$702,076
Average Price per Square Foot
Highest Price
2018
Boundaries: South of Ridgegate parkway to County Line; Peoria to Quebec
LOWRY January through September
2017
Average Price
$831,594
13.4%
$287
$325
13.2%
34
31
-8.8%
$1,525,000
$1,650,000
8.2%
53
54
1.9%
97.2%
98.2%
1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$733,293
Average Price per Square Foot
Highest Price
2018
Boundaries: Quebec to Unita; Alameda to 11th
7866 East Severn Place, Lowry
THE MEADOWS
7.0%
The average price per square foot for the neighborhood of The Meadows increased by 7.0% January through September 2018 compared that of 2017.
January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$447,868
$463,607
3.5%
$201
$215
7.0%
26
30
15.4%
$801,262
$772,000
-3.7%
336
385
14.6%
98.7%
98.8%
0.1%
Boundaries: N Meadows Drive to Coachline Road; Breezy lane to Dairylide Street
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
MONTCLAIR January through September Average Price
2017
$656,467
17.2%
$397
$429
8.1%
27
36
33.3%
$1,225,000
$1,450,000
18.4%
111
94
-15.3%
98.3%
97.7%
-0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
17.2%
% Change
$560,100
Average Price per Square Foot
Highest Price
2018
The average price for the neighborhood of Montclair increased by 17.2% January through September 2018 compared to that of 2017.
Boundaries: Holly to Quebec; 6th to Colfax
OBSERVATORY PARK January through September
2017
2018
Average Price
$1,173,055
$1,244,177
6.1%
$429
$424
-1.2%
44
48
9.1%
$3,832,953
$2,600,000
-32.2%
78
55
-29.5%
95.7%
96.9%
1.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Observatory Park is named after the famous Chamberlain Observatory, designed by Denver architect, Robert Roeschlaub, and can be seen at the center of the park.
Boundaries: University to Colorado; Evans to Yale
PARK HILL January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$692,138
$768,770
11.1%
$433
$464
7.3%
23
17
-26.1%
$2,050,000
$1,950,000
-4.9%
175
184
5.1%
98.7%
98.9%
0.2%
Boundaries: Colfax to 26th; Colorado to Quebec
2036 Glencoe Street, Park Hill
coloradomicroreports.com
Platt Park, formerly a separate city from Denver, was connected to the city by a trolley line that ran through Pearl Street during the 20th century.
PLATT PARK January through September Average Price
2017
% Change
$621,529
$678,458
9.2%
$479
$507
5.7%
11
39
254.5%
$1,210,000
$1,608,256
32.9%
68
84
23.5%
99.5%
98.8%
-0.7%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: Broadway to Downing; Louisiana to Evans
POLO RESERVE January through September
2017
Average Price
$1,353,190
$1,222,500
-9.7%
$277
$319
15.1%
257
206
-19.8%
$2,475,000
$1,570,000
-36.6%
5
5
0.0%
99.5%
94.8%
-4.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
Boundaries: North of Mineral; South of Arabian Pl; West of the S. Platte River; East of S. Platte Canyon Rd
6955 South Polo Drive, Polo Reserve
3.1%
January through September 2018, the percent sold price to list price in the neighborhood of Pradera & Timbers increased by 3.1% compared to that of 2017.
PRADERA & TIMBERS January through September Average Price
2017
% Change
$797,728
$815,962
2.3%
$246
$243
-1.2%
91
45
-50.5%
$1,535,000
$1,725,000
12.4%
104
94
-9.6%
94.8%
97.8%
3.1%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: Pradera and Timbers Subdivisions in Parker
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JANUARY- SEPTEMBER 2018 • COLORADOMICROREPORTS.COM
SADDLE ROCK January through September
2017
Average Price
2018
$628,074
$655,747
4.4%
$199
$207
3.9%
50
50
0.0%
$1,495,000
$970,000
-35.1%
91
62
-31.9%
96.9%
97.5%
0.6%
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
6933 South Picadilly Street, Saddle Rock
SLOAN’S LAKE January through September
2017
Average Price
2018
$616,081
$667,593
8.4%
$424
$491
15.7%
28
18
-35.7%
$1,750,002
$1,511,733
-13.6%
87
106
21.8%
97.5%
98.0%
0.5%
Average Price per Square Foot Average Days on Market Highest Price
% Change
Properties Sold % Sold Price to List Price
The urban development currently taking place in Sloan’s Lake offers its residences convenient access to new restaurants, breweries, and public transportation.
Boundaries: Colfax to 29th; Sheridan to Federal
SOUTHERN HILLS January through September
2017
Average Price
% Change
$703,441
$768,219
9.2%
$377
$418
10.8%
24
18
-25.0%
$1,440,000
$1,300,000
-9.7%
53
53
0.0%
98.8%
97.6%
-1.2%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price Boundaries: University to Colorado; Yale to Hampden
10.8%
January through September 2018, the average price per square foot for the neighborhood of Southern Hills increased by 10.8% compared to that of 2017.
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15.4%
The average price for the neighborhood of Southglenn increased by 15.4% January through September 2018 compared to that of 2017.
SOUTHGLENN January through September
2017
Average Price
2018
$410,441
$473,612
15.4%
$238
$261
9.8%
22
13
-40.9%
$516,900
$650,000
25.7%
40
43
7.5%
98.8%
100.6%
1.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Washington to University; Arapahoe to Dry Creek
STAPLETON January through September
2017
Average Price
$686,082
4.7%
$294
$317
7.8%
48
40
-16.7%
$1,460,000
$1,470,000
0.7%
224
306
36.6%
99.7%
100.3%
0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$655,454
Average Price per Square Foot
Highest Price
2018
Boundaries: Quebec to Havana; 23rd to 40th
9137 East 35th Avenue, 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
2017
2018
% Change
$539,590
$562,431
4.2%
$211
$215
1.8%
47
39
-17.0%
$1,087,000
$1,199,000
10.3%
114
88
-22.8%
98.2%
98.5%
0.3%
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 2018 • COLORADOMICROREPORTS.COM
UPTOWN January through September Average Price
2017
$457,892
5.2%
$365
$396
8.3%
87
32
-63.2%
$875,000
$1,249,999
42.9%
121
121
0.0%
99.8%
99.0%
-0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$435,068
Average Price per Square Foot
Highest Price
2018
8.3%
The average price per square foot for the neighborhood of Uptown increased by 8.3% January through September 2018 compared to that of 2017.
Boundaries: North of Colfax; East of Broadway; South of 20th; 20th & Park to 19th; West of Josephine
WASHINGTON PARK EAST January through September
2017
2018
Average Price
$1,172,773
$1,247,499
6.4%
$548
$625
13.9%
40
32
-20.0%
$5,850,000
$3,650,000
-37.6%
94
93
-1.1%
96.2%
97.3%
1.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Lousisana to Ellsworth; Downing to University
394 South Vine Street, Washington Park East
WASHINGTON PARK WEST January through September Average Price
2017
$729,058
10.1%
$436
$490
12.4%
24
24
0.0%
$1,620,000
$2,390,000
47.5%
106
124
17.0%
98.5%
99.2%
0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$662,113
Average Price per Square Foot
Highest Price
2018
Washington Park is a popular destination for outdoor recreation in Denver with its many running trails, bike paths, yoga spots, and paddle boarding areas.
Boundaries: Louisiana to Ellsworth; Broadway to Downing
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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.