YEAR-END 2021
Micro Market Report DENVER METRO
1361 Elizabeth Street
223 Garfield Street
Denver Metro MARKET UPDATE
Following the record-breaking numbers that came out of 2020, the real estate market in Denver Metro could have gone in many different directions. Thanks to the continued demand for the unbeatable lifestyle that Denver Metro provides, 2021 was another great year to buy and sell homes in the Mile High City. While inventory remained low and the return of seasonal buying and selling trends slowed down in the final quarter, Denver Metro still managed to end the year with many improvements over 2020. According to the latest LIV Sotheby’s International Realty’s Micro Market Report, which compares real estate data from 2021 against data from 2020, the number of new listings in Denver Metro decreased by 4.5%, with just 64,522 listings coming onto the market last year. Despite the low inventory, Denver Metro grew its overall sales volume by 17.5% to reach a total dollar volume sold of $37,107,652,222. Last year, the average price for a single family home in Denver Metro increased by 19% – bringing the average single family home price to $682,489. The average price for attached homes in 2021 was $428,825 – a 14.3% increase. While the real estate market in Denver Metro showed signs of slowing in comparison to the boom of buying activity seen in 2020, the market still finished the year with a 0.3% increase in the total listings sold. Many individual neighborhoods within Denver Metro also saw encouraging increases in the number of residences sold throughout 2021. The most significant increase in properties sold was seen in the Golden Triangle neighborhood. Here, the number of property sales grew by 118.8%, rising from 32 homes sold in 2020 to 70 homes sold last year. Other urban communities such as Uptown, Downtown, and Capitol Hill also experienced an uptick in the properties sold, increasing by 74.5%, 60.6%, and 55.8%, respectively. Looking at more suburban areas just outside of the city, the report shows more modest increases in property sales. For example, in Lakewood and Sloan’s Lake, the number of homes sold rose by 1.8% and 6.2%. In the popular Bonnie Brae/Belcaro neighborhood, beloved for its tree-lined streets and easy access to parks and small businesses, properties sold rose by 4.8% compared to 2020. Average prices have been on the rise in many neighborhoods across Denver Metro as a result of the continued demand for local homes and the area’s low inventory of available
properties. In the City of Denver, for both single family homes and condominiums, the average price rose by 15.1% to reach $649,001. Properties larger than one acre in Cherry Hills Village had the highest average price in 2021. The average price for homes here was $4,264,858 last year. On the other hand, the most affordable neighborhood within Denver Metro in 2021 was Capitol Hill, where the average price for a home was $421,348. The average days on market for Denver Metro decreased by 44% in 2021 compared to 2020 – with homes on the market for an average of 14 days. Homes in the neighborhood of Polo Reserve spent the most time on the market last year, averaging 53 days. Not far behind that, the Downtown condominium market saw an average days on market of 48 days – a 14.3% decrease from 2020. Some areas, such as City Park which hovered at around 20 days on market, maintained their average days on market. The most dramatic decrease in time spent on the market was seen in Heritage Greens, where the days on market dropped by 76.2% leaving homes on the market for an average of just five days. The Denver Metro real estate market continues to thrive through another year of incredible real estate activity. The continuation of the upward trends observed within this report forecasts that 2022 may be another good year for real estate in Denver Metro.
DENVER METRO January through December
2020
2021
% Change
New Listings
67,576
64,522
-4.5%
Sold Listings (All Properties)
61,355
61,515
0.3%
Sold Single Family
43,168
42,294
-2.0%
Sold Attached
18,187
19,221
5.7%
25
14
-44.0%
Average Sold Price (Single Family)
$573,442
$682,489
19.0%
Average Sold Price (Attached)
$375,321
$428,825
14.3%
100.0%
101.9%
1.9%
$31,580,324,047
$37,107,652,222
17.5%
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
MICRO MARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - DECEMBER 2021 • COLORADOMICROREPORTS.COM
DENVER (CITY)
January through December
2020
2021
% Change
$563,764
$649,001
15.1%
$378
$424
12.0%
27
19
-29.6%
$4,625,000
$9,000,000
94.6%
Properties Sold
15,447
16,963
9.8%
% Sold Price to List Price
99.9%
100.5%
0.6%
Average Price Average Price Per Square Foot Average Days on Market Highest Price
Boundaries: City of Denver
BAKER
January through December
Baker, which was designated a historic district by the City of Denver in 2000, is lined with 19th-century brick houses and charming local restaurants and businesses.
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$529,541
$595,778
12.5%
$425
$473
11.3%
21
17
-19.0%
$1,070,000
$1,185,000
10.7%
160
155
-3.1%
99.4%
102.4%
3.1%
Boundaries: 6 Avenue to Mississippi; South Platte River to Broadway
BELMAR
th
37.9%
January through December Average Price Average Price Per Square Foot Average Days on Market
The highest price in Belmar decreased by
Highest Price
37.9% in 2021 compared to that of 2020.
Properties Sold % Sold Price to List Price
2020
2021
% Change
$469,440
$466,092
-0.7%
$295
$334
13.3%
33
26
-21.2%
$1,100,000
$683,000
-37.9%
57
41
-28.1%
97.8%
100.3%
2.5%
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
$703,829
$787,054
11.8%
$518
$622
20.2%
19
11
-42.1%
$1,785,000
$1,780,000
-0.3%
193
190
-1.6%
99.9%
103.5%
3.6%
BERKELEY
January through December
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
$1,320,177
$1,689,595
28.0%
$580
$703
21.2%
41
14
-65.9%
$3,875,000
$5,000,000
29.0%
84
88
4.8%
96.0%
102.5%
6.8%
Designed to resemble a Scottish village, Bonnie Brae/Belcaro features winding tree-lined streets, a circular central park, and a collection of small shops.
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
84.8%
2020
2021
% Change
$1,453,023
$2,043,190
40.6%
$469
$617
31.5%
52
18
-65.4%
$2,922,800
$5,400,000
84.8%
The highest price in Bow Mar/Bow
26
10
-61.5%
Mar South increased by 84.8% in 2021
95.3%
99.4%
4.3%
Boundaries: West Quincy Avenue to West Bowles Avenue
compared to that of 2020.
BOW MAR/BOW MAR SOUTH
January through December
BONNIE BRAE/BELCARO
January through December
CAPITOL HILL
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$370,445
$421,348
13.7%
$375
$401
7.1%
36
27
-25.0%
$1,925,000
$6,500,000
237.7%
337
525
55.8%
97.0%
98.9%
2.0%
CHEESMAN PARK
CENTRAL PARK
Boundaries: Broadway to Downing; 6th Avenue to Colfax
47.1%
The highest price in Central Park
increased by 47.1% in 2021 compared to that of 2020.
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$756,780
$900,679
19.0%
$338
$386
14.3%
22
8
-63.6%
$1,530,000
$2,250,000
47.1%
421
425
1.0%
99.1%
103.1%
4.0%
Boundaries: Quebec to Havana; Montview to 64th
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$511,847
$656,837
28.3%
$396
$441
11.5%
45
39
-13.3%
$2,400,000
$4,900,000
104.2%
176
225
27.8%
96.4%
99.0%
2.7%
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
$860,282
$823,606
-4.3%
$424
$460
8.4%
46
35
-23.9%
$3,889,000
$4,725,000
21.5%
148
156
5.4%
95.8%
98.5%
2.9%
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
$1,262,254
$1,587,854
25.8%
$594
$668
12.5%
46
38
-17.4%
$4,015,000
$7,625,000
89.9%
176
179
1.7%
94.9%
97.3%
CHERRY CREEK NORTH
January through December
2.5%
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
2020
2021
% Change
$1,974,100
$2,760,393
39.8%
$487
$621
27.4%
28
26
-7.1%
$5,500,000
$5,000,000
-9.1%
72
66
-8.3%
96.1%
99.6%
3.7%
(Under One Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
39.8%
The average price in Cherry Hills Village (under one acre) increased by 39.8% in 2021 compared to that of 2020.
CHERRY HILLS VILLAGE
January through December
CHERRY CREEK EAST /SOUTH
January through December
CHERRY HILLS VILLAGE CITY PARK
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$3,237,613
$4,264,858
31.7%
$593
$722
21.8%
104
71
-31.7%
$9,450,000
$15,725,000
66.4%
55
60
9.1%
93.0%
98.4%
5.8%
(Over One Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
29.5%
The number of properties sold in City Park increased by 29.5% in 2021 compared to that of 2020.
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$662,324
$794,793
20.0%
$421
$501
18.9%
20
20
0.0%
$1,347,500
$1,850,000
37.3%
88
114
29.5%
100.5%
102.3%
1.8%
Boundaries: Downing to York; 18 to Martin Luther King
CITY PARK SOUTH
th
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$695,911
$819,134
17.7%
$499
$544
8.9%
12
14
16.7%
$1,097,000
$1,275,000
16.2%
20
19
-5.0%
99.7%
103.2%
3.5%
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
2020
2021
% Change
$1,389,606
$1,734,576
24.8%
$444
$503
13.4%
63
18
-71.4%
$3,700,000
$3,500,000
-5.4%
39
36
-7.7%
97.2%
99.7%
2.6%
71.4% The average days on market in Columbine Valley decreased by 71.4% in 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
$653,994
$765,017
17.0%
$460
$537
16.8%
27
14
-48.1%
$2,750,000
$2,950,000
7.3%
228
245
7.5%
98.2%
102.0%
4.0%
CONGRESS PARK
January through December
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
$942,509
$1,201,861
27.5%
$515
$582
13.1%
32
19
-40.6%
$2,050,000
$2,550,000
24.4%
121
154
27.3%
97.1%
101.0%
4.0%
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 December
COLUMBINE VALLEY
January through December
COUNTRY CLUB
26.3% The number of properties sold in Country Club increased by 26.3% in 2021 compared to that of 2020.
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$3,165,889
$3,199,401
1.1%
$704
$759
7.7%
56
65
16.1%
$6,800,000
$6,075,000
-10.7%
19
24
26.3%
94.0%
97.9%
4.1%
DOWNTOWN DENVER
CRESTMOOR PARK
Boundaries: University to Downing 1st - 4th; Race to University 4th - 6th
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,722,447
$1,761,761
2.3%
$482
$591
22.4%
36
15
-58.3%
$3,355,000
$3,500,000
4.3%
38
25
-34.2%
95.6%
104.3%
9.1%
Boundaries: Holly to Monaco; Bayaud to 6 Avenue th
59.1%
The highest price in Downtown Denver
increased by 60.6% in 2021 compared to that of 2020.
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$605,287
$752,935
24.4%
$500
$579
15.9%
56
48
-14.3%
$3,300,000
$5,250,000
59.1%
464
745
60.6%
97.0%
98.2%
1.2%
(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
$552,706
$583,687
5.6%
$384
$406
5.9%
51
36
-29.4%
$1,117,678
$1,175,000
5.1%
32
70
118.8%
96.4%
97.2%
0.9%
GOLDEN TRIANGLE
January through December
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
$1,245,584
$1,515,565
21.7%
$367
$455
24.2%
28
20
-28.6%
$2,119,350
$2,310,000
9.0%
48
41
-14.6%
97.1%
100.1%
3.1%
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
$1,871,300
$2,355,648
25.9%
$466
$593
27.3%
42
19
-54.8%
$3,998,000
$4,500,000
12.6%
93
59
-36.6%
96.3%
102.0%
5.9%
(Under One Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
27.3%
The average price per square foot in
Greenwood Village West (under one acre) increased by 27.3% in 2021 compared to that of 2020.
GREENWOOD VILLAGE WEST
January through December
GREENWOOD VILLAGE EAST
January through December
GREENWOOD VILLAGE WEST
HALE MAYFAIR HERITAGE GREENS
85.7%
January through December Average Price Average Price Per Square Foot Average Days on Market
The highest price in Greenwood Village
Highest Price
West (over one acre) increased by
Properties Sold
85.7% in 2021 compared to that of 2020.
% Sold Price to List Price
2020
2021
% Change
$2,494,724
$3,413,539
36.8%
$482
$609
26.2%
46
30
-34.8%
$4,000,000
$7,428,000
85.7%
16
18
12.5%
95.7%
96.9%
1.3%
(Over one Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
Hale Mayfair is a mature neighborhood located in East Denver with close proximity to both Rose Hospital and National Jewish Hospital. Here you will find a variety of large Victorian homes surrounded by many restaurants and cafes.
26.8% The average price in Heritage Greens
increased by 26.8% in 2021 compared to that of 2020.
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$711,820
$823,538
15.7%
$530
$615
16.0%
18
7
-61.1%
$2,372,000
$1,575,500
-33.6%
119
124
4.2%
99.8%
103.6%
3.8%
Boundaries: Colorado to Holly; 6 to Colfax th
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$897,511
$1,138,172
26.8%
$308
$361
17.3%
21
5
-76.2%
$1,266,000
$1,975,000
56.0%
28
27
-3.6%
98.8%
102.4%
3.6%
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
$708,690
$800,928
13.0%
$497
$551
11.0%
35
25
-28.6%
$2,500,000
$5,100,000
104.0%
353
390
10.5%
97.6%
100.5%
3.0%
104.0% The highest price in Highlands
increased by 104.0% in 2021 compared to that of 2020.
HIGHLANDS
January through December
Boundaries: W 38th Avenue to Speer Blvd; S Platte River to Federal Blvd
January through December
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$1,647,798
$1,852,767
12.4%
$518
$591
14.0%
53
22
-58.5%
$3,900,000
$4,500,000
15.4%
106
107
0.9%
94.3%
99.6%
5.7%
HILLTOP
Average Price
2020
Boundaries: Alameda to 6 ; Colorado to Holly th
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
58.8%
2020
2021
% Change
$588,096
$688,097
17.0%
$318
$378
18.9%
17
7
-58.8%
$1,315,000
$1,508,000
14.7%
The average days on market in Homestead
137
126
-8.0%
decreased by 58.8% in 2021 compared to
99.8%
104.1%
4.3%
Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
that of 2020.
HOMESTEAD
January through December
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
$556,064
$606,716
9.1%
$414
$459
10.9%
36
29
-19.4%
$3,100,000
$1,345,000
-56.6%
201
146
-27.4%
98.0%
100.8%
2.9%
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 December
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$1,159,890
$1,585,238
36.7%
$314
$420
33.8%
48
7
-85.4%
$1,575,000
$2,225,000
41.3%
23
21
-8.7%
95.1%
102.0%
7.2%
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 December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$839,005
$993,546
18.4%
$322
$375
16.4%
29
7
-75.9%
$1,425,000
$1,725,000
21.1%
62
66
6.5%
97.7%
101.1%
3.5%
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Carly Ave
Average Price
2020
2021
% Change
$540,303
$640,973
18.6%
$331
$396
19.6%
20
11
-45.0%
$2,350,000
$3,200,000
36.2%
1,692
1,723
1.8%
99.3%
103.1%
3.8%
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
LAKEWOOD
January through December
Boundaries: City of Lakewood
January through December Average Price
2021
% Change
$726,606
$798,735
9.9%
$493
$545
10.5%
35
27
-22.9%
$2,500,000
$4,930,000
97.2%
275
311
13.1%
97.5%
100.5%
3.1%
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 December Average Price
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$790,411
$934,747
18.3%
$340
$386
13.4%
28
11
-60.7%
$1,650,000
$2,255,000
36.7%
55
62
12.7%
97.9%
101.0%
3.1%
Boundaries: Quebec to Unita; Alameda to 11th
18.3% The average price in Lowry increased by 18.3% in 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 December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$788,764
$862,702
9.4%
$486
$541
11.3%
27
13
-51.9%
$1,699,000
$1,967,500
15.8%
144
151
4.9%
98.7%
101.4%
2.7%
OBSERVATORY PARK
Boundaries: Holly to Quebec; 6th to Colfax
29.5%
The average price in Observatory Park
increased by 29.5% in 2021 compared to that of 2020.
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$1,499,554
$1,941,909
29.5%
$491
$593
20.6%
45
30
-33.3%
$3,300,000
$3,870,000
17.3%
93
91
-2.2%
96.1%
99.0%
3.1%
Boundaries: University to Colorado; Evans to Yale
January through December
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
$820,915
$958,385
16.7%
$505
$602
19.1%
25
11
-56.0%
$2,250,000
$4,000,000
77.8%
244
239
-2.0%
98.9%
104.4%
5.6%
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
$833,290
$976,253
17.2%
$581
$673
16.0%
17
10
-41.2%
$1,970,000
$2,750,000
39.6%
118
115
-2.5%
99.7%
103.3%
3.7%
PLATT PARK
January through December
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
$2,050,471
$2,899,375
41.4%
$419
$526
25.7%
79
53
-32.9%
$3,700,000
$3,925,000
6.1%
7
8
14.3%
94.3%
96.4%
2.2%
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 December Average Price
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$481,665
$532,201
10.5%
$419
$463
10.5%
33
24
-27.3%
$850,000
$1,450,000
70.6%
79
98
24.1%
97.5%
109.5%
12.3%
Boundaries: I-25 to York St; South of I-70; North of Park Ave; East of Lawrence St to 40th Avenue
70.6% The highest sale price in RiNo increased by 70.6% in 2021 compared to that of 2020.
RINO
Average Price Per Square Foot
2020
POLO RESERVE
January through December
SLOAN’S LAKE
7.8% The number of properties sold in the City of Denver increased by 7.8% January through
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
SOUTHERN HILLS
December 2020 compared to that of 2019.
81.8%
The highest price in Southern Hills
2020
2021
% Change
$768,914
$934,424
21.5%
$513
$612
19.4%
20
17
-15.0%
$2,000,000
$2,500,000
25.0%
145
154
6.2%
99.4%
101.5%
2.1%
Boundaries: Colfax to 29th; Sheridan to Federal
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price
increased by 81.8% in 2021 compared to
Properties Sold
that of 2020.
% Sold Price to List Price
2020
2021
% Change
$823,161
$1,194,864
45.2%
$450
$562
24.8%
17
12
-29.4%
$1,925,000
$3,500,000
81.8%
70
69
-1.4%
100.6%
101.5%
0.9%
Boundaries: University to Colorado; Yale to Hampden
SOUTHGLENN
January through December
50.0%
January through December Average Price Average Price Per Square Foot Average Days on Market
The average days on market in Southglenn
Highest Price
decreased by 50% in 2021 compared to that
Properties Sold
of 2020.
% Sold Price to List Price
2020
2021
% Change
$501,783
$614,866
22.5%
$263
$336
28.0%
16
8
-50.0%
$625,000
$795,000
27.2%
53
59
11.3%
99.8%
103.7%
4.0%
Boundaries: Colorado to University; Arapahoe to Dry Creek
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
January through December
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
% Change
$595,128
$673,417
13.2%
$278
$317
13.8%
30
18
-40.0%
$905,000
$1,150,000
27.1%
82
68
-17.1%
98.2%
102.0%
3.9%
2020
2021
% Change
$601,968
$713,661
18.6%
$483
$568
17.7%
24
11
-54.2%
$1,230,000
$1,600,000
30.1%
320
296
-7.5%
98.4%
102.5%
4.2%
40.0%
The average days on market in Southmoor Park decreased by 40% in 2021 compared to that of 2020.
SUNNYSIDE
Average Price
2020
SOUTHMOOR PARK
January through December
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
63.3%
2020
2021
% Change
$628,095
$707,233
12.6%
$238
$275
15.4%
30
11
-63.3%
$1,350,000
$1,400,000
3.7%
148
140
-5.4%
Reach decreased by 63.3% in 2021
98.6%
102.4%
3.9%
compared to that of 2020.
Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470
The average days on market in Tallyn’s
TALLYN’S REACH
January through December
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 December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$505,559
$542,321
7.3%
$409
$433
5.8%
36
29
-19.4%
$1,450,000
$3,100,000
113.8%
141
246
74.5%
97.3%
99.1%
1.8%
WASHINGTON PARK WEST
WASHINGTON PARK EAST
Boundaries: North of Colfax, East of Broadway, South of 20th, 20th & Park to 19th; West of Josephine
34.3%
January through December Average Price Average Price Per Square Foot Average Days on Market
The average days on market in
Highest Price
Washington Park East decreased by
Properties Sold
34.3% in 2021 compared to that of
% Sold Price to List Price
2020.
2020
2021
% Change
$1,482,044
$1,746,744
17.9%
$659
$767
16.4%
35
23
-34.3%
$3,425,000
$4,450,000
29.9%
171
164
-4.1%
96.7%
102.4%
5.9%
Boundaries: Louisiana to Ellsworth, Downing to University
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$818,081
$920,477
12.5%
$528
$593
12.2%
21
13
-38.1%
$2,400,000
$2,505,000
4.4%
162
230
42.0%
99.4%
103.1%
3.7%
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
2020
2021
% Change
$717,476
$844,492
17.7%
$535
$605
13.0%
20
14
-30.0%
$1,950,000
$2,950,000
51.3%
274
272
-0.7%
99.4%
102.9%
3.6%
51.3% The highest price in the area of West Highlands increased by 51.3% in 2021 compared to that of 2020.
Boundaries: 38th Avenue; Federal to Sheridan
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WEST HIGHLANDS
January through December
for new horizons
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MICRO MARKET REPORT | Denver Metro JANUARY - DECEMBER 2021 • COLORADOMICROREPORTS.COM