Denver Metro Micro Market Reports | Year End 2021

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

WHY COLORADO?

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AVG DAYS OF SUNSHINE

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CRAFT BREWERIES

SKI AREAS & RESORTS

WEST HIGHLANDS

January through December

for new horizons

303.893.3200 | livsothebysrealty.com

Your home is more than a building or an address. It’s where you experience life, family, connection, growth. Your home should be as exceptional as you are, and as you are going to be. For a lifestyle inspired by your potential, there is only LIV Sotheby’s International Realty.

MICRO MARKET REPORT | Denver Metro JANUARY - DECEMBER 2021 • COLORADOMICROREPORTS.COM