Q3 2021
Micro Market Report DENVER METRO
76 Niagara Street
5651 S Beech Circle
Denver Metro MARKET UPDATE
Over the course of 2021, Denver Metro’s real estate market has experienced positive shifts that have created unique opportunities for both buyers and sellers hoping to reach their real estate goals in the Mile High City. While inventory remains low, the speed of the market has slowed slightly as a result of the return of seasonal trends, offering buyers some reprieve as they search for the perfect Denver Metro home. As we enter the final quarter of the year, it appears as though the strength of the market will continue to produce unprecedented results and set a new standard for real estate activity in Colorado’s capitol city. According to LIV Sotheby’s International Realty’s (LIV SIR) Q3 Micro Market Report, which compares real estate data through September of this year compared to the same time frame in 2020, the number of new listings coming onto the Denver Metro real estate market has decreased slightly by -3.2%, bringing 53,132 listings onto the market so far this year. The sustained demand for Denver Metro homes, paired with the low levels of inventory, have led to appreciation in the average price of homes throughout this community. During the first three quarters of the year, the average price for a single family home in Denver Metro increased by 20.8% – bringing the average single family home price to $680,256. Looking at attached homes, the average price through Q3 was $426,083 – a 14.6% increase.
home values, which brought the average sold price to $958,663 through September of this year. Other areas saw more significant rises, such as Cherry Hills Village properties under an acre in size, where average sold prices reached $2,714,967 – a 43.9% increase. While the rate at which homes in Denver Metro are being sold remains elevated overall, there are specific communities in which buyers may be able to take advantage of a slowed pace. In City Park, a gorgeous area with unbeatable access to the city’s largest green space and just moments from downtown Denver, listings have stayed on the market for an average of 22 days through September of this year – the same number of days through September of 2020. While this may seem like a short shelf life for homes, the consistent pace allows buyers to make decisions about their next real estate investment without the added pressure of a racing market. Conversely, most markets in the Denver Metro community have seen decreases in their average days on market. In the City of Denver listings remain on the market for an average of 37 days, which is 15.9% lower than January through September of 2020. In the Berkeley neighborhood, the average days on market decreased by a notable 60.9%, leaving homes available for just nine days. The Denver Metro real estate market continues to thrive through the third quarter of the year. The elevated levels of buying and selling activity have created additional opportunities for both buyers and sellers to live the life they love.
Despite the lower inventory and rising home values, Denver Metro as a whole saw a 4% rise in the number of listings sold, bringing the total dollar volume sold up by 23.5% to reach $27,928,210,400. Several specific neighborhoods within Denver Metro also saw similar upward trends in the number of listings sold, appreciating home prices, and other key market metrics. Urban communities with enhanced walkability, exciting nightlife, and proximity to green spaces have regained their popularity after the height of the pandemic. In neighborhoods such as Capitol Hill, Uptown, and Golden Triangle, the number of listings sold have risen by 58.7%, 77.5%, and 134.8%, respectively. More residential communities offering additional space, privacy, and the luxury lifestyle have also seen continued interest from homebuyers. An example of this can be seen in the Country Club neighborhood where the number of listings sold rose by 83.3% through September of this year. Average prices have been on the rise in many neighborhoods across Denver Metro. Sloan’s Lake, a popular community just west of downtown Denver, experienced a 26.5% increase in
DENVER METRO January through September
2020
2021
% Change
New Listings
54,903
53,132
-3.2%
Sold Listings (All Properties)
44,727
46,514
4.0%
Sold Single Family
31,547
31,905
1.1%
Sold Attached
13,180
14,609
10.8%
26
14
-46.2%
Average Sold Price (Single Family)
$562,917
$680,256
20.8%
Average Sold Price (Attached)
$371,933
$426,083
14.6%
100.0%
100.0%
0.0%
$22,622,043,685
$27,928,210,400
23.5%
Average Days on Market
% Sold Price to Original List Price Total Dollar Volume Sold
Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson
Based on Information from REColorado. This representation is based in whole or in part on data supplied by REColorado. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.
coloradomicroreports.com
DENVER METRO NEIGHBORHOODS
1.
Baker
14. Columbine Valley
27. Hilltop
40. RiNo
2.
Belmar
15. Congress Park
28. Homestead
41. Saddle Rock Golf Club
3.
Berkeley
16. Cory-Merrill
29. Jefferson Park
42. Sloan’s Lake
4.
Bonnie Brae/Belcaro
17. Country Club
30. Ken Caryl North Ranch
43. Southern Hills
5.
Bow Mar/Bow Mar South
18. Crestmoor Park
31. Ken Caryl Valley
44. Southglenn
6.
Capitol Hill
19. Denver (City)
32. Lakewood
45. Southmoor Park
7.
Central Park
20. Downtown Denver
33. LoHi
46. Sunnyside
8.
Cheesman Park
21. Golden Triangle
34. Lowry
47. Tallyn’s Reach
9.
Cherry Creek East/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
12. City Park
25. Heritage Greens
38. Platt Park
51. West Highlands
13. City Park South
26. Highlands
39. Polo Reserve
46
3
26
51
40
33 42
7
12
29
20 48 21
8
6
19
37
13
17
15
24
35
27
10
18
9
1
34
2 50 32
49
38
4 16
36
43
45 11 5 23
14
22
44
28 30 39 31
25
47 41
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - SEPTEMBER 2021 • COLORADOMICROREPORTS.COM
DENVER (CITY)
The city of Denver dates back to the Old West era. Here you can find several 19th-century landmarks, a variety of outstanding museums, award-winning restaurants, breweries, parks, and much more.
January through September
2020
2021
% Change
$548,396
$638,395
16.4%
$378
$424
12.2%
44
37
-15.9%
$4,625,000
$9,000,000
94.6%
Properties Sold
11,101
12,869
15.9%
% Sold Price to List Price
97.6%
100.7%
3.2%
Average Price Average Price Per Square Foot Average Days on Market Highest Price
Boundaries: City of Denver
January through September
BAKER
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$531,570
$599,461
12.8%
$416
$466
11.9%
21
17
-19.0%
$802,600
$1,185,000
47.6%
115
111
-3.5%
99.2%
103.8%
4.6%
Boundaries: 6 Avenue to Mississippi; South Platte River to Broadway
BELMAR
th
41.5%
The average days on market in Belmar decreased by 41.5% January through
September 2021 compared to that of 2020.
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$484,521
$449,482
-7.2%
$292
$338
15.7%
41
24
-41.5%
$1,100,000
$683,000
-37.9%
33
35
6.1%
97.9%
100.5%
2.6%
Boundaries: Kentucky to Alameda; Wadsworth to Pierce
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$679,182
$787,870
16.0%
$512
$624
21.9%
23
9
-60.9%
$1,515,000
$1,780,000
17.5%
137
139
1.5%
99.2%
105.0%
5.9%
BERKELEY
January through September
Boundaries: W 38th Ave to I-70; Sheridan to Federal
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,157,331
$1,649,027
42.5%
$577
$692
19.8%
37
16
-56.8%
$3,100,000
$5,000,000
61.3%
51
62
21.6%
95.8%
103.6%
8.2%
Designed to resemble a Scottish village, Bonnie Brae/Belcaro features winding tree-lined streets, a circular central park, and a collection of small shops.
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,404,926
$2,159,656
53.7%
$462
$646
39.9%
37
18
-51.4%
$2,922,800
$5,400,000
84.8%
19
9
-52.6%
95.5%
99.1%
3.8%
Boundaries: West Quincy Avenue to West Bowles Avenue
84.8%
The highest price in Bow Mar/Bow Mar South increased by 84.8% January through September 2021 compared to that of 2020.
BOW MAR/BOW MAR SOUTH
January through September
BONNIE BRAE/BELCARO
January through September
CAPITOL HILL
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$373,437
$404,034
8.2%
$375
$402
7.2%
35
27
-22.9%
$1,925,000
$2,295,000
19.2%
259
411
58.7%
97.1%
99.2%
2.2%
CHEESMAN PARK
CENTRAL PARK
Boundaries: Broadway to Downing; 6th Avenue to Colfax
65.2%
The average days on market in Central Park decreased by 65.2% January
through September 2021 compared to that of 2020.
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$756,062
$892,056
18.0%
$336
$384
14.2%
23
8
-65.2%
$1,530,000
$1,975,000
29.1%
324
328
1.2%
98.8%
103.5%
4.7%
Boundaries: Quebec to Havana; Montview to 64th
Home to one of Denver’s most popular parks, Cheesman Park is an incredible neighborhood known for its beautiful architecture, rich history, and easy access to some of the city’s most treasured public spaces.
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$521,019
$639,173
22.7%
$396
$441
11.3%
46
41
-10.9%
$2,400,000
$4,900,000
104.2%
122
180
47.5%
96.5%
99.2%
2.9%
Boundaries: York to Downing; Colfax to 8th Avenue
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$822,951
$821,386
-0.2%
$416
$456
9.5%
44
39
-11.4%
$3,850,000
$4,380,000
13.8%
96
128
33.3%
95.9%
98.5%
2.7%
Cherry Creek is an affluent residential district with a vibrant shopping scene. Overlooking the creek itself, Cherry Creek Mall has department stores, high-end fashion boutiques, and eclectic eateries.
Boundaries: University to Colorado; Alameda to 1st Avenue
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,190,729
$1,551,600
30.3%
$589
$663
12.6%
46
39
-15.2%
$3,425,000
$4,700,000
37.2%
131
135
3.1%
95.3%
97.1%
CHERRY CREEK NORTH
January through September
1.9%
Boundaries: York to Colorado; 1 Avenue to 6 Avenue st
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
th
26.4%
2020
2021
% Change
$1,886,974
$2,714,967
43.9%
$484
$612
26.4%
31
30
-3.2%
$5,500,000
$5,000,000
-9.1%
50
50
0.0%
Hills Village (under one acre) increased by
96.1%
99.6%
3.6%
26.4% January through September 2021
(Under One Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
The average price per square foot in Cherry
compared to that of 2020.
CHERRY HILLS VILLAGE
January through September
CHERRY CREEK EAST /SOUTH
January through September
CHERRY HILLS VILLAGE CITY PARK
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$3,286,691
$3,858,436
17.4%
$551
$703
27.6%
92
53
-42.4%
$9,000,000
$7,850,000
-12.8%
41
43
4.9%
92.3%
100.5%
9.0%
(Over One Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
21.9%
The average price in City Park increased
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price
by 21.9% January through September
Properties Sold
2021 compared to that of 2020.
% Sold Price to List Price
2020
2021
% Change
$667,511
$813,501
21.9%
$415
$500
20.5%
22
22
0.0%
$1,347,500
$1,850,000
37.3%
65
87
33.8%
100.7%
102.5%
1.9%
Boundaries: Downing to York; 18 to Martin Luther King
CITY PARK SOUTH
th
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$695,695
$809,236
16.3%
$491
$535
9.0%
8
16
100.0%
$1,097,000
$1,275,000
16.2%
14
15
7.1%
99.8%
101.1%
1.2%
Boundaries: York to Colorado; Colfax to 17th
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
59.6%
2020
2021
% Change
$1,391,993
$1,798,205
29.2%
$433
$502
16.1%
52
21
-59.6%
$3,700,000
$3,500,000
-5.4%
The average days on market in
31
28
-9.7%
Columbine Valley decreased by 59.6%
97.7%
100.2%
2.6%
January through September 2021 compared to that of 2020.
Boundaries: South Polo Ridge Drive to West Bowles; Platte Canyon Road to South Platte River
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$637,344
$779,146
22.2%
$454
$536
18.1%
29
13
-55.2%
$2,750,000
$2,950,000
7.3%
157
196
24.8%
97.8%
102.7%
5.0%
CONGRESS PARK
January through September
Boundaries: York to Colorado; 6 Avenue to Colfax th
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$894,569
$1,193,417
33.4%
$509
$584
14.8%
33
18
-45.5%
$2,050,000
$2,550,000
24.4%
85
124
45.9%
97.0%
101.6%
4.8%
Boundaries: South University Blvd to South Colorado Blvd; 1-25 to East Mississippi Ave
Named after John J. Cory and Louise A. Merrill, two influential Denver educators, Cory-Merrill is a popular area for residents looking for a laid-back, family-friendly neighborhood.
CORY-MERRILL
January through September
COLUMBINE VALLEY
January through September
COUNTRY CLUB
83.3% The number of properties sold in Country Club increased by 83.3% January through September 2021 compared to that of 2020.
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$2,542,250
$3,268,665
28.6%
$669
$751
12.3%
71
71
-
$4,625,000
$6,075,000
31.4%
12
22
83.3%
92.2%
97.7%
6.0%
DOWNTOWN DENVER
CRESTMOOR PARK
Boundaries: University to Downing 1st - 4th; Race to University 4th - 6th
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,601,626
$1,731,091
8.1%
$493
$576
17.0%
27
8
-70.4%
$3,250,000
$3,500,000
7.7%
27
22
-18.5%
97.9%
104.2%
6.5%
Boundaries: Holly to Monaco; Bayaud to 6 Avenue th
56.0%
January through September Average Price Average Price Per Square Foot Average Days on Market
The highest price in Downtown Denver
Highest Price
increased by 56.0% January through
Properties Sold
September 2021 compared to that of 2020.
% Sold Price to List Price
2020
2021
% Change
$614,681
$770,592
25.4%
$509
$589
15.8%
55
48
-12.7%
$3,300,000
$5,147,600
56.0%
341
590
73.0%
96.5%
98.3%
1.9%
(Attached Dwellings) Boundaries: Downtown Denver MLS Area
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$564,395
$568,419
0.7%
$391
$404
3.3%
47
39
-17.0%
$1,117,678
$1,175,000
5.1%
23
54
134.8%
97.6%
97.5%
-0.1%
GOLDEN TRIANGLE
January through September
Boundaries: North Speer Blvd to Broadway; Colfax to 7th
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,214,254
$1,495,505
23.2%
$343
$443
29.3%
31
21
-32.3%
$2,119,350
$2,310,000
9.0%
41
34
-17.1%
98.1%
100.3%
2.2%
Greenwood Village contains nationally recognized business parks, like the Denver Tech Center, a variety of delicious restaurants, and the popular Fiddler’s Green Amphitheater.
Boundaries: I-25 to Havana; Belleview to Orchard
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,823,958
$2,367,714
29.8%
$457
$594
29.9%
40
19
-52.5%
$3,500,000
$4,500,000
28.6%
29.9%
68
48
-29.4%
Greenwood Village West (under one acre)
95.9%
101.7%
6.1%
(Under One Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
The average price per square foot in
increased by 29.9% January through September 2021 compared to that of 2020.
GREENWOOD VILLAGE WEST
January through September
GREENWOOD VILLAGE EAST
January through September
The average price in Greenwood Village West (over one acre) increased by 65.0% January through September 2021 compared to that of 2020.
HERITAGE GREENS
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$2,066,631
$3,410,247
65.0%
$458
$601
31.3%
44
35
-20.5%
$3,500,000
$7,428,000
112.2%
8
15
87.5%
92.3%
96.5%
4.5%
(Over one Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
HALE MAYFAIR
GREENWOOD VILLAGE WEST
65.0%
January through September
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$707,342
$811,954
14.8%
$514
$610
18.7%
19
6
-68.4%
$2,372,000
$1,620,000
-31.7%
71
89
25.4%
99.7%
104.2%
4.6%
Boundaries: Colorado to Holly; 6 to Colfax th
70.6% The average days on market in Heritage Greens decreased by 70.6% January through September 2021 compared to that of 2020.
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$882,173
$1,128,477
27.9%
$307
$362
18.0%
17
5
-70.6%
$1,266,000
$1,975,000
56.0%
25
22
-12.0%
99.3%
103.1%
3.8%
Boundaries: Dry Creek to County Line; Colorado Blvd to Holly
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$699,039
$784,531
12.2%
$494
$547
10.8%
36
25
-30.6%
$2,500,000
$5,100,000
104.0%
262
320
22.1%
97.5%
100.8%
3.4%
104.6% The highest price in Highlands increased by 104.6% January through September 2021 compared to that of 2020.
HIGHLANDS
January through September
Boundaries: W 38th Avenue to Speer Blvd; S Platte River to Federal Blvd
January through September
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$1,600,035
$1,796,272
12.3%
$522
$571
9.4%
51
24
-52.9%
$3,500,000
$4,500,000
28.6%
72
86
19.4%
94.5%
99.1%
4.9%
Boundaries: Alameda to 6 ; Colorado to Holly th
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$571,152
$686,587
20.2%
$313
$375
19.7%
18
6
-66.7%
$1,175,000
$1,508,000
28.3%
96
109
13.5%
99.6%
104.4%
4.9%
Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
66.7% The days on market in Homestead
decreased by 66.7% January through September 2021 compared to that of 2020.
HOMESTEAD
January through September
Although small (one square mile to be exact), Hilltop is one of Denver’s most scenic and sought-after neighborhoods. The neighborhood lies east of Cherry Creek and contains 22 different architectural styles, some of which are Tudor, English Cottage, Mediterranean Revival, and MidCentury Modern.
HILLTOP
Average Price
2020
With both new residential and commercial developments, Jefferson Park offers a mix of both young professionals and families.
KEN CARYL VALLEY
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$557,898
$605,313
8.5%
$412
$474
15.2%
37
32
-13.5%
$3,100,000
$1,345,000
-56.6%
144
130
-9.7%
97.7%
100.8%
3.2%
Boundaries: Federal Blvd to S Platte River; South of 29th Ave & Speer Blvd, North of Mile High Stadium
KEN CARYL NORTH RANCH
JEFFERSON PARK
January through September
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,132,365
$1,567,647
38.4%
$310
$408
31.7%
59
8
-86.4%
$1,575,000
$1,920,000
21.9%
15
17
13.3%
95.0%
102.2%
7.5%
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
This scenic retreat is located behind South Jefferson County, and is surrounded by the Dakota Hogback and the Foothills. Although Ken Caryl Valley is known for being “mountain biking country,” the area is still close to a wide number of amenities.
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$843,052
$977,858
16.0%
$321
$366
13.9%
29
5
-82.8%
$1,425,000
$1,725,000
21.1%
50
49
-2.0%
97.6%
101.0%
3.5%
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Carly Ave
Average Price
2020
2021
% Change
$530,529
$635,818
19.8%
$327
$395
20.7%
21
10
-52.4%
$2,350,000
$3,200,000
36.2%
1,218
1,259
3.4%
99.2%
104.2%
5.1%
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
LAKEWOOD
January through September
Boundaries: City of Lakewood
January through September Average Price
2021
% Change
$718,447
$773,568
7.7%
$490
$540
10.1%
37
27
-27.0%
$2,500,000
$2,100,000
-16.0%
202
261
29.2%
97.3%
100.7%
3.5%
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Boundaries: W 38 Avenue to I-25; Speer Blvd to Zuni Street th
January through September Average Price
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$785,110
$913,576
16.4%
$334
$375
12.2%
30
12
-60.0%
$1,650,000
$1,755,000
6.4%
42
45
7.1%
98.0%
101.2%
3.3%
Boundaries: Quebec to Unita; Alameda to 11th
16.4% The average price in Lowry increased by 16.4% January through September 2021 compared to that of 2020.
LOWRY
Average Price Per Square Foot
2020
The Lower Highlands, LoHi for short, is an area admired for its hip restaurants, renovated bungalows, and an ice cream shop in a giant milk can. A hot spot for entertainment, retail shops, and bars, it is well-known as one of the most inclusive neighborhoods in all of Denver.
LOHI
2020
MONTCLAIR
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$754,512
$851,359
12.8%
$486
$545
12.2%
29
13
-55.2%
$1,699,000
$1,895,000
11.5%
96
111
15.6%
98.6%
101.7%
3.2%
OBSERVATORY PARK
Boundaries: Holly to Quebec; 6th to Colfax
34.8% The highest price in Observatory Park increased by 34.8% January through September 2021 compared to that of 2020.
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$1,463,050
$1,886,457
28.9%
$475
$580
22.0%
40
31
-22.5%
$2,870,000
$3,870,000
34.8%
64
76
18.8%
95.5%
99.6%
4.3%
Boundaries: University to Colorado; Evans to Yale
January through September
PARK HILL
2020
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$791,837
$941,710
18.9%
$496
$600
20.9%
25
11
-56.0%
$2,250,000
$4,000,000
77.8%
171
178
4.1%
98.8%
104.7%
5.9%
Boundaries: Colfax to 26th; Colorado to Quebec
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$814,885
$984,155
20.8%
$568
$669
17.9%
19
9
-52.6%
$1,970,000
$2,750,000
39.6%
92
81
-12.0%
99.4%
103.2%
3.8%
PLATT PARK
January through September
Boundaries: Broadway to Downing; Louisiana to Evans
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$2,165,660
$2,752,857
27.1%
$431
$522
21.2%
67
45
-32.8%
$3,700,000
$3,900,000
5.4%
5
7
40.0%
94.4%
96.8%
2.6%
Polo Reserve is a luxury, gated community located in Littleton. The name “Polo Reserve” comes from the polo field and equestrian center within the gated community.
Boundaries: North of Mineral; South of Arabian Place; West of the S Platte River; East of S. Platte Canyon Road
January through September Average Price
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$477,154
$524,997
10.0%
$426
$457
7.3%
29
24
-17.2%
$850,000
$1,300,000
52.9%
56
82
46.4%
97.7%
112.0%
14.7%
Boundaries: I-25 to York St; South of I-70; North of Park Ave; East of Lawrence St to 40th Avenue
46.4% The number of properties sold in RiNo increased by 46.4% January through September 2021 compared to that of 2020.
RINO
Average Price Per Square Foot
2020
POLO RESERVE
January through September
SLOAN’S LAKE
7.8% The number of properties sold in the City of Denver increased by 7.8% January through
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
SOUTHGLENN
SOUTHERN HILLS
December 2020 compared to that of 2019.
47.0%
The average price in Southern Hills
2020
2021
% Change
$758,029
$958,663
26.5%
$525
$609
16.0%
18
18
0.0%
$2,000,000
$2,500,000
25.0%
104
115
10.6%
99.7%
102.7%
3.0%
Boundaries: Colfax to 29th; Sheridan to Federal
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price
increased by 47.0% January through
Properties Sold
September 2021 compared to that of 2020.
% Sold Price to List Price
2020
2021
% Change
$795,248
$1,168,637
47.0%
$443
$569
28.4%
15
8
-46.7%
$1,925,000
$2,800,000
45.5%
54
52
-3.7%
100.0%
102.9%
2.9%
Boundaries: University to Colorado; Yale to Hampden
61.1%
January through September Average Price Average Price Per Square Foot
The average days on market in Southglenn
Average Days on Market
decreased by 61.1% January through
Highest Price
September 2021 compared to that of 2020.
Properties Sold % Sold Price to List Price
2020
2021
% Change
$498,024
$621,836
24.9%
$265
$330
24.5%
18
7
-61.1%
$625,000
$800,000
28.0%
44
45
2.3%
99.8%
104.6%
4.9%
Boundaries: Colorado to University; Arapahoe to Dry Creek
2021
% Change
$591,861
$678,587
14.7%
$278
$323
16.0%
31
17
-45.2%
$880,000
$1,150,000
30.7%
61
50
-18.0%
% Sold Price to List Price
97.6%
102.6%
5.1%
January through September
2020
2021
% Change
$590,011
$715,880
21.3%
$473
$564
19.3%
26
10
-61.5%
$1,100,000
$1,600,000
45.5%
231
216
-6.5%
98.2%
103.3%
5.1%
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
30.7%
The highest price in Southmoor Park increased by 30.7% January through
September 2021 compared to that of 2020.
SUNNYSIDE
2020
SOUTHMOOR PARK
January through September
Boundaries: Federal Blvd to Inca St; W 38th Ave to I-70
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$616,951
$702,739
13.9%
$235
$272
15.8%
30
9
-70.0%
$945,000
$1,400,000
48.1%
115
115
0.0%
98.3%
102.9%
4.7%
Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470
70.0% The average days on market in Tallyn’s Reach decreased by 70.0% January through September 2021 compared to that of 2020.
TALLYN’S REACH
January through September
UPTOWN
East of Downtown and just north of Capitol Hill rests Denver’s Uptown—a vibrant urban area prized for its sports bars, black box theaters, and delightful mix of traditional and inventive culinary fare lining 17th Avenue, aptly named “Restaurant Row.”
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$509,570
$545,472
7.0%
$418
$430
3.0%
36
29
-19.4%
$1,450,000
$3,100,000
113.8%
102
181
77.5%
97.3%
99.2%
2.0%
WASHINGTON PARK WEST
WASHINGTON PARK EAST
Boundaries: North of Colfax, East of Broadway, South of 20th, 20th & Park to 19th; West of Josephine
38.9% The average days on market in
Washington Park East decreased by
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price
38.9% January through September
Properties Sold
2021 compared to that of 2020.
% Sold Price to List Price
2020
2021
% Change
$1,476,247
$1,711,204
15.9%
$656
$742
13.1%
36
22
-38.9%
$3,425,000
$4,375,000
27.7%
117
128
9.4%
96.9%
101.8%
5.1%
Boundaries: Louisiana to Ellsworth, Downing to University
January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$833,006
$913,944
9.7%
$542
$592
9.1%
25
12
-52.0%
$1,635,000
$2,505,000
53.2%
106
168
58.5%
99.2%
103.7%
4.5%
Boundaries: Louisiana to Ellsworth; Broadway to Downing
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
55.3%
2020
2021
% Change
$703,465
$849,168
20.7%
$531
$605
13.9%
20
13
-35.0%
$1,900,000
$2,950,000
55.3%
193
214
10.9%
Highlands increased by 55.3% January
99.3%
103.5%
4.3%
through September 2021 compared to
The highest price in the area of West
that of 2020.
Boundaries: 38th Avenue; Federal to Sheridan
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January through September
for new horizons
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MICROMARKET REPORT | Denver Metro JANUARY - SEPTEMBER 2021 • COLORADOMICROREPORTS.COM