MICROMARKET REPORT |
Denver Metro • 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 2. Ken Caryl North Ranch 3. Lakewood 4. Belmar 5. Bow Mar/Bow Mar South 6. Sloan’s Lake 7. Berkeley 8. Polo Reserve 9. Columbine Valley 10. LoHi 11. Highlands 12. Baker 13. Golden Triangle 14. Downtown 15. Uptown 16. Denver (City) 17. Washington Park West 18. Platt Park 19. Capitol Hill 20. Cheesman 21. Country Club 22. Washington Park East 23. Bonnie Brae/Belcaro 24. Highlands Ranch 25. Southglenn 26. Greenwood Village West 27. Cherry Hills Village
28. Southern Hills 29. Observatory Park 30. Cory-Merrill 31. Cherry Creek South/East 32. Cherry Creek North 33. Congress Park 34. City Park South 35. City Park 36. Park Hill 37. Hale Mayfair 38. Hilltop 39. Greenwood Village East 40. Homestead 41. Heritage Greens 42. Crestmoor 43. Montclair 44. Lowry 45. Stapleton 46. Lone Tree 47. Castle Pines North 48. Castle Pines Village 49. The Meadows 50. Keene Ranch 51. Bell Mountain Ranch 52. Pradera & Timbers 53. Tallyn’s Reach 54. Saddle Rock Golf Club
Pictured on cover: 421 Madison Street, Denver
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DENVER METRO market update The Denver metro area continues to grow and gain prominence in the national spotlight of post-Great Recession rebounds, with a third consecutive year of double-digit appreciation for the entire metropolitan statistical area (source: FHFA.gov), taking place in 2017. While the total number of homes sold in 2017 remained about the same year-over-year; 53,915, the increase in the overall total dollar volume sold of 9.7%, was due nearly entirely from price increases. New listings to the market decreased in 2017, and the inventory of available listings is very low. This is because of seasonal and long-term trends. Part of the long-term, low-inventory problem, is the limited number of completed new construction projects. The skilled labor market is incredibly tight, and the construction industry is one of the few sectors of the economy that has not rebounded. This imbalance of supply versus demand has created the rapid gains in value enjoyed by homeowners, but has also made choices and affordability a challenge for buyers. This trend exemplifies the classic, “seller’s market”, with average days on the market holding at just 24 year-over-year, and a sold-price to list-price ratio of 99%. Some of Denver’s hottest sub-markets can be discerned by looking at those same statistics at a micro level. The LIV Sotheby’s International Realty Micro Market Report breaks down the Denver metro area into over 50 neighborhoods, including areas typically not analyzed by broader measures. In 2017, several micro markets demonstrated increases in average sales price in excess of 15%: Bonnie Brae/Belcaro, Bow Mar/Bow Mar South, Cherry Hills Village, City Park, Country Club, Crestmoor, Downtown, Hilltop, Observatory Park, Platte Park and Washington Park West. Also notable in 2017, were micro areas that experienced substantial jumps (30%+), in highest January through December 2016 2017 % Change sales price: Capitol Hill, Cheesman, City Park, Country Club, Downtown, New Listings 61,237 60,907 -0.5% Heritage Greens, Hilltop, Lohi, Lone Tree, Observatory Park, Sloan’s Lake and Sold Listings (All Properties) 53,131 53,915 1.5% Washington Park West.
DENVER METRO
Buyers should be prepared to act fast and make strong initial offers, but sellers should not be complacent either. High quality and excellent condition homes are rewarded greatly in today’s market, but the inverse is that anything less than stellar tends to linger, and may have to go through a price drop (or series of), in order to sell. It’s never been more important to do everything right in all of the four “Ps” of marketing your home – pricing, packaging (staging), photography and promotion.
livsothebysrealty.com
Sold Single Family
35,795
38,004
6.2%
Sold Condo
17,336
15,911
-8.2%
24
24
0.0%
$396,116
$428,237
8.1%
99.0%
99.0%
0.0%
$21,046,037,477
$23,088,406,723
9.7%
Average Days on Market Average Price % 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.
MICROMARKET REPORT | Denver Metro 2018 • COLORADOMICROREPORTS.COM
DENVER (CITY) January through December Average Price
2016
2017
% Change
$426,720
$462,669
8.4%
$256
$272
6.3%
25
25
0.0%
$7,000,000
$6,500,000
-7.1%
Properties Sold
14,309
16,669
16.5%
% Sold Price to List Price
98.9%
98.7%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price
Boundaries: City of Denver
1125 South Jackson Street, Denver
BAKER January through December Average Price
2016
$441,418
6.8%
$353
$364
3.1%
15
22
46.7%
$840,000
$802,500
-4.5%
118
130
10.2%
100.3%
99.2%
-1.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$413,258
Average Price per Square Foot
Highest Price
2017
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 December
2016
Average Price
$804,806
$796,325
-1.1%
$284
$294
3.5%
94
138
46.8%
$1,200,000
$967,500
-19.4%
20
16
-20.0%
94.1%
94.6%
0.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Boundaries: I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle
1253 Rosewind Circle, Bell Mountain Ranch
coloradomicroreports.com
2.6%
The average price per square foot for the neighborhood of Belmar increased by 2.6% January through December 2017 compared to that of 2016.
BELMAR January through December
2016
Average Price
% Change
$398,091
$400,584
0.6%
$250
$257
2.6%
124
31
-75.0%
$1,065,000
$1,000,000
-6.1%
68
43
-36.8%
97.8%
98.6%
0.7%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Kentucky to Alameda; Wadsworth to Pierce
BERKELEY January through December
2016
Average Price
$548,835
9.2%
$408
$450
10.3%
27
22
-18.5%
$1,086,930
$1,300,000
19.6%
186
183
-1.6%
98.3%
98.5%
0.2%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
$502,676
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.
2017
Boundaries: 38th to I-70; Sheridan to Federal
BONNIE BRAE/BELCARO January through December
2016
2017
Average Price
$968,890
$1,143,184
18.0%
$462
$502
8.5%
40
32
-20.0%
$2,200,000
$2,300,000
4.5%
40
59
47.5%
95.8%
96.6%
0.8%
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
910 South Garfield Street, Belcaro
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BOW MAR/BOW MAR SOUTH January through December
2016
2017
Average Price
$1,078,196
$1,322,427
22.7%
$346
$413
19.4%
103
58
-43.7%
$2,075,000
$2,630,000
26.7%
19
22
15.8%
93.4%
92.7%
-0.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
19.4%
The average price per square foot for the neighborhoods of Bow Mar/Bow Mar South increased by 19.4% January through December 2017 compared to that of 2016.
Boundaries:
CAPITOL HILL January through December Average Price
2016
$337,724
8.6%
$314
$338
7.6%
20
25
25.0%
$1,600,000
$3,250,000
103.1%
332
376
13.3%
99.2%
98.8%
-0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$310,937
Average Price per Square Foot
Highest Price
2017
Boundaries: Broadway to Downing; 6th to Colfax
1143 North Corona Street, Capitol Hill
CASTLE PINES January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$579,789
$601,828
3.8%
$209
$221
5.7%
57
50
-12.3%
$1,465,000
$1,400,000
-4.4%
110
125
13.6%
95.0%
96.5%
1.6%
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 December
2016
Average Price
$1,201,645
13.4%
$306
$332
8.6%
135
159
17.8%
$3,900,000
$4,800,000
23.1%
107
122
14.0%
93.5%
92.3%
-1.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,060,040
Average Price per Square Foot
Highest Price
2017
Boundaries: US 85 & Copper Blush to Northwood; Daniels Park to Gate 5; Country Club to I-25
77 Comstock Place, Castle Pines Village
8.1%
January through December 2017, the average price per square foot in the neighborhood of Cheesman increased by 8.1% compared to that of 2016.
CHEESMAN January through December
2016
Average Price
$409,167
-11.3%
$339
$366
8.1%
26
35
34.6%
$2,525,000
$5,000,000
98.0%
178
173
-2.8%
98.2%
98.6%
0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$461,201
Average Price per Square Foot
Highest Price
2017
Boundaries: York to Downing; Colfax to 8th
CHERRY CREEK NORTH January through December
2016
2017
Average Price
$1,174,869
$1,087,123
-7.5%
$501
$481
-4.0%
59
73
23.7%
$7,000,000
$4,800,000
-31.4%
161
127
-21.1%
96.0%
95.8%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: York to Colorado; 1st to 6th
520 Madison Street, Cherry Creek North
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CHERRY CREEK EAST & SOUTH January through December
2016
Average Price
% Change
$638,063
$676,800
6.1%
$346
$374
8.3%
92
120
30.4%
$2,250,000
$2,350,000
4.4%
118
136
15.3%
96.6%
96.8%
0.2%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
6.1%
January through December 2017, the average price in the neighborhood of Cherry Creek East & South increased by 6.1% compared to that of 2016.
Boundaries: University to Colorado; Alameda to 1st
CHERRY HILLS VILLAGE January through December
2016
2017
Average Price
$1,554,614
$1,573,968
1.2%
$373
$380
1.8%
88
78
-11.4%
$3,445,000
$3,800,000
10.3%
65
65
0.0%
91.2%
92.1%
1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
6 Cherry Hills Park Drive, Cherry Hills Village
CHERRY HILLS VILLAGE January through December
2016
Average Price
$2,434,213
$2,806,217
15.3%
$460
$492
6.9%
139
147
5.8%
$6,530,000
$6,000,000
-8.1%
52
47
-9.6%
86.3%
91.3%
5.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Cherry Hills Village, located just south of Denver, was named for the cherry tree groves that lined the original town site.
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
coloradomicroreports.com
CITY PARK January through December
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.
2016
Average Price
% Change
$496,830
$574,912
15.7%
$341
$352
3.3%
26
22
-15.4%
$915,000
$1,300,000
42.1%
93
86
-7.5%
98.1%
98.3%
0.2%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Downing to York; 18th to Martin Luther King
CITY PARK SOUTH January through December
2016
Average Price
$639,633
-0.4%
$413
$447
8.0%
21
16
-23.8%
$989,000
$935,000
-5.5%
22
17
-22.7%
99.7%
98.7%
-1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$642,432
Average Price per Square Foot
Highest Price
2017
Boundaries: York to Colorado; Colfax to 17th
1640 Harrison Street, City Park South
45.2%
The number of properties sold for the neighborhood of Columbine Valley increased by 45.2% January through December 2017 compared to that of 2016.
COLUMBINE VALLEY January through December
2016
2017
Average Price
$1,046,257
$1,008,611
-3.6%
$309
$329
6.5%
80
189
136.3%
$2,219,075
$1,999,000
-9.9%
31
45
45.2%
95.9%
93.0%
-3.1%
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
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CONGRESS PARK January through December
2016
Average Price
% Change
$530,189
$542,392
2.3%
$384
$417
8.8%
26
25
-3.8%
$2,450,000
$1,350,000
-44.9%
243
222
-8.6%
98.8%
98.0%
-0.9%
Average Price per Square Foot Average Days on Market Highest Price
2017
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 December Average Price
2016
$854,028
9.6%
$411
$452
10.1%
44
46
4.5%
$1,574,900
$1,675,000
6.4%
121
124
2.5%
96.3%
96.5%
0.2%
Average Days on Market
Properties Sold % Sold Price to List Price
10.1%
% Change
$779,386
Average Price per Square Foot
Highest Price
2017
The average price per square foot for the neighborhood of Cory-Merrill increased by 10.1% January through December 2017 compared to that of 2016.
Boundaries: South University Blvd to South Colorado Blvd; I-25 to East Mississippi Ave
COUNTRY CLUB January through December
2016
2017
Average Price
$1,974,755
$2,707,615
37.1%
$567
$608
7.2%
62
91
46.8%
$3,458,000
$6,500,000
88.0%
23
13
-43.5%
92.9%
95.8%
3.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: University to Downing 1st-4th; Race to University 4th-6th
575 Circle Drive, Country Club
coloradomicroreports.com
CRESTMOOR January through December
2016
2017
Average Price
$1,093,313
$1,315,282
20.3%
$409
$441
7.8%
62
28
-54.8%
$2,165,000
$2,475,000
14.3%
23
28
21.7%
94.8%
97.0%
2.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Holly to Monaco; Bayaud to 6th
220 Jersey Street, Crestmoor
6.8%
January through December 2017, the number of properties sold in the neighborhood of Downtown Denver increased by 6.8% compared to that of 2016.
DOWNTOWN January through December Average Price
2016
2017
$490,258
$577,872
17.9%
$417
$447
7.2%
62
66
6.5%
$3,250,000
$5,300,000
63.1%
511
546
6.8%
97.0%
96.7%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Downtown Denver MLS Area
GOLDEN TRIANGLE January through December Average Price Average Price per Square Foot
2016
2017
$540,089
$465,492
-13.8%
$347
$350
0.7%
88
42
-52.3%
$1,450,000
$975,000
-32.8%
59
50
-15.3%
97.6%
96.8%
-0.8%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: North Speer Boulevard to Broadway; Colfax to 7th
1200 Acoma Street #306, Golden Triangle
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GREENWOOD VILLAGE EAST January through December
2016
2017
Average Price
$1,097,892
$1,197,769
9.1%
$337
$388
15.1%
55
95
72.7%
$2,682,542
$2,133,730
-20.5%
51
38
-25.5%
96.0%
97.7%
1.7%
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
10316 East Crestridge Lane, Greenwood Village East
GREENWOOD VILLAGE WEST January through December
2016
2017
Average Price
$1,548,877
$1,515,852
-2.1%
$376
$396
5.2%
91
91
0.0%
$3,100,000
$3,230,899
4.2%
49
60
22.4%
92.2%
92.6%
0.4%
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 December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$2,046,889
$2,065,885
0.9%
$436
$496
13.7%
193
86
-55.4%
$4,700,000
$4,500,000
-4.3%
18
13
-27.8%
90.5%
91.8%
1.5%
13.7%
January through December 2017, the average price per square foot for the neighborhood of Greewood Village increased by 13.7% compared to that of 2016.
(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
coloradomicroreports.com
9.3%
The number of properties sold for the neighborhood of Hale Mayfair increased by 9.3% January through December 2017 compared to that of 2016.
HALE MAYFAIR January through December
2016
Average Price
$601,157
4.2%
$415
$441
6.3%
36
29
-19.4%
$1,970,000
$1,313,000
-33.4%
108
118
9.3%
98.3%
98.8%
0.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$576,757
Average Price per Square Foot
Highest Price
2017
Boundaries: Colorado to Holly; 6th to Colfax
HERITAGE GREENS January through December Average Price
2016
$844,679
11.7%
$254
$263
3.3%
39
52
33.3%
$1,075,000
$1,575,000
46.5%
29
34
17.2%
97.3%
96.8%
-0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$756,386
Average Price per Square Foot
Highest Price
2017
Boundaries: Dry Creek to County Line; Colorado Boulevard to Holly
5176 East Otero Circle, Heritage Greens
8.3%
January through December 2017, the average price for the neighborhood of Highlands increased by 8.3% compared to that of 2016.
HIGHLANDS January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$565,704
$612,375
8.3%
$383
$416
8.6%
127
55
-56.7%
$1,657,000
$1,649,000
-0.5%
329
300
-8.8%
97.2%
97.3%
0.1%
Boundaries: W 38th Ave to Speer Blvd; S Platte River to Federal Blvd
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
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(WEST) HIGHLANDS January through December Average Price
2016
2017
$544,066
$601,292
10.5%
$407
$449
10.3%
29
21
-27.6%
$1,600,000
$1,399,000
-12.6%
241
222
-7.9%
97.9%
98.7%
0.8%
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
4535 West 33rd Avenue, West Highlands
HIGHLANDS RANCH January through December Average Price
2016
2017
$461,832
$483,362
4.7%
$221
$238
7.7%
22
19
-13.6%
$2,604,938
$3,210,647
23.3%
689
625
-9.3%
98.8%
99.2%
0.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
7.7%
% Change
Boundaries: Daniels Park to County Line; Santa Fe to Quebec
The average price per square foot for the neighborhood of Highlands Ranch increased by 7.7% January through December 2017 compared to that of 2016.
HILLTOP January through December
2016
2017
Average Price
$1,171,230
$1,456,676
24.4%
$400
$441
10.2%
73
78
6.8%
$3,400,000
$4,950,000
45.6%
97
97
0.0%
94.8%
95.4%
0.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Alameda to 6th; Colorado to Holly
110 South Cherry Street, Hilltop
coloradomicroreports.com
HOMESTEAD January through December Average Price
2016
% Change
$469,272
$484,617
3.3%
$255
$277
8.6%
25
22
-12.0%
$1,300,000
$1,075,000
-17.3%
137
122
-10.9%
97.8%
98.7%
1.0%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
7485 South Ivy Way, Homestead
KEENE RANCH January through December
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
2016
$987,454
7.0%
$283
$324
14.6%
79
69
-12.7%
$1,285,000
$1,247,400
-2.9%
17
10
-41.2%
96.8%
95.5%
-1.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$922,503
Average Price per Square Foot
Highest Price
2017
Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road
4.5%
The average price for the neighborhood of Ken-Caryl North Ranch increased by 4.5% January through December 2017 compared to that of 2016.
KEN-CARYL NORTH RANCH January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$974,630
$1,018,125
4.5%
$252
$287
13.7%
59
63
6.8%
$1,335,000
$1,495,000
12.0%
23
16
-30.4%
94.4%
97.2%
2.9%
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2018 • COLORADOMICROREPORTS.COM
KEN-CARYL VALLEY January through December
2016
Average Price
$724,043
7.5%
$246
$269
9.4%
29
36
24.1%
$1,125,000
$1,350,000
20.0%
90
62
-31.1%
97.8%
97.2%
-0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
9.4%
% Change
$673,584
Average Price per Square Foot
Highest Price
2017
January through December 2017, the average price per square foot for the neighborhood of Ken-Caryl Valley increased by 9.4% compared to that of 2016.
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Caryl Ave
LAKEWOOD January through December
2016
Average Price
% Change
$405,665
$445,649
9.9%
$249
$277
11.0%
27
23
-14.8%
$1,755,000
$1,950,000
11.1%
1,603
1,543
-3.7%
98.8%
98.7%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: City of Lakewood
1940 Willow Lane, Lakewood
LOHI January through December
2016
Average Price
% Change
$588,119
$639,686
8.8%
$382
$414
8.5%
123
65
-47.2%
$1,185,000
$1,649,000
39.2%
245
231
-5.7%
96.5%
96.8%
0.2%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
The Lower Highlands, LoHi for short, features an eclectic mix of coffee shops, street fairs, farmers’ markets and more.
Boundaries: W 38th to I-25; Speer Blvd to Zuni Street
coloradomicroreports.com
LONE TREE 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 December
2016
Average Price
$669,800
$742,908
10.9%
$224
$240
6.8%
65
44
-32.3%
$1,655,000
$2,600,000
57.1%
53
47
-11.3%
96.4%
95.7%
-0.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Boundaries: South of Ridgegate parkway to County Line; Peoria to Quebec
LOWRY January through December
2016
Average Price
$724,009
5.8%
$286
$287
0.5%
82
40
-51.2%
$1,638,000
$1,475,000
-10.0%
79
67
-15.2%
98.4%
96.7%
-1.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$684,079
Average Price per Square Foot
Highest Price
2017
Boundaries: Quebec to Unita; Alameda to 11th
7461 East 6th Avenue, Lowry
24.3%
The highest price for the neighborhood of The Meadows increased by 24.3% January through December 2017 compared that of 2016.
THE MEADOWS January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$419,744
$447,515
6.6%
$190
$202
6.2%
38
26
-31.6%
$720,000
$895,300
24.3%
500
431
-13.8%
98.0%
98.5%
0.6%
Boundaries: N Meadows Drive to Coachline Road; Breezy lane to Dairylide Street
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2018 • COLORADOMICROREPORTS.COM
MONTCLAIR January through December Average Price
2016
$569,757
1.9%
$360
$392
8.8%
35
38
8.6%
$1,675,000
$1,450,000
-13.4%
139
144
3.6%
96.9%
98.0%
1.1%
Average Days on Market
Properties Sold % Sold Price to List Price
8.8%
% Change
$559,337
Average Price per Square Foot
Highest Price
2017
The average price per square foot for the neighborhood of Montclair increased by 8.8% January through December 2017 compared to that of 2016.
Boundaries: Holly to Quebec; 6th to Colfax
OBSERVATORY PARK January through December Average Price
2016
$1,176,209
17.0%
$385
$423
10.0%
56
49
-12.5%
$2,245,000
$3,832,953
70.7%
70
97
38.6%
94.4%
95.3%
0.9%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,005,245
Average Price per Square Foot
Highest Price
2017
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 December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$660,172
$706,885
7.1%
$399
$432
8.3%
29
25
-13.8%
$2,525,000
$2,050,000
-18.8%
242
229
-5.4%
98.7%
98.2%
-0.5%
Boundaries: Colfax to 26th; Colorado to Quebec
2217 Ivanhoe 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 December Average Price
2016
% Change
$526,205
$620,527
17.9%
$460
$494
7.4%
19
16
-15.8%
$1,200,000
$1,255,000
4.6%
105
89
-15.2%
98.8%
98.6%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Broadway to Downing; Louisiana to Evans
POLO RESERVE January through December
2016
2017
Average Price
$1,299,538
$1,343,707
3.4%
$280
$303
8.1%
106
253
138.7%
$1,944,000
$2,475,000
27.3%
4
7
75.0%
90.5%
99.0%
9.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: North of Mineral; South of Arabian Pl; West of the S. Platte River; East of S. Platte Canyon Rd
18 Arabian Place, Polo Reserve
PRADERA & TIMBERS
7.0%
January through December 2017, the average price in the neighborhood of Pradera & Timbers increased by 7.0% compared to that of 2016.
January through December Average Price
2016
% Change
$769,501
$823,512
7.0%
$224
$250
11.6%
97
92
-5.2%
$1,720,000
$2,093,000
21.7%
109
121
11.0%
96.5%
95.1%
-1.5%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Pradera and Timbers Subdivisions in Parker
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2018 •COLORADOMICROREPORTS.COM
SADDLE ROCK January through December
2016
Average Price
2017
$589,001
$626,559
6.4%
$191
$199
4.6%
62
52
-16.1%
$1,175,000
$1,430,000
21.7%
97
115
18.6%
96.1%
96.7%
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
21271 East Saddle Rock, Saddle Rock
SLOAN’S LAKE January through December
2016
Average Price
2017
$558,405
$625,086
11.9%
$402
$418
3.9%
29
29
0.0%
$1,300,000
$1,750,000
34.6%
169
123
-27.2%
96.3%
98.1%
1.9%
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 December
2016
Average Price
% Change
$611,853
$697,897
14.1%
$344
$379
10.1%
28
25
-10.7%
$1,279,000
$1,440,000
12.6%
60
69
15.0%
96.0%
96.0%
0.0%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: University to Colorado; Yale to Hampden
10.1%
January through December 2017, the average price per square foot for the neighborhood of Southern Hills increased by 10.1% compared to that of 2016.
coloradomicroreports.com
SOUTHGLENN
3.7%
January through December
2016
Average Price
2017
$399,667
$414,613
3.7%
$233
$238
2.1%
18
21
16.7%
$505,000
$516,900
2.4%
50
50
0.0%
98.0%
98.8%
0.8%
Average Price per Square Foot Average Days on Market
The average price for the neighborhood of Southglenn increased by 3.7% January through December 2017 compared to that of 2016.
Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Washington to University; Arapahoe to Dry Creek
STAPLETON January through December
2016
Average Price
$657,351
10.1%
$279
$295
5.7%
21
52
147.6%
$1,475,000
$1,460,000
-1.0%
205
270
31.7%
99.1%
99.7%
0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$597,227
Average Price per Square Foot
Highest Price
2017
Boundaries: Quebec to Havana; 23rd to 40th
5462 Wabash Street, Stapleton
TALLYN’S REACH January through December
Tallyn’s Reach is known for its beautiful surroundings. Here, 200-year-old Ponderosa Pines accentuate the landscape from nearly every vantage.
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$509,847
$544,384
6.8%
$198
$214
8.2%
40
53
32.5%
$1,300,000
$1,087,000
-16.4%
136
148
8.8%
97.4%
97.7%
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
2018 • COLORADOMICROREPORTS.COM
UPTOWN January through December Average Price
2016
$436,665
7.7%
$345
$365
5.8%
65
79
21.5%
$975,000
$928,000
-4.8%
198
160
-19.2%
99.2%
99.2%
0.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$405,456
Average Price per Square Foot
Highest Price
2017
7.7%
The average price per square foot for the neighborhood of Uptown increased by 7.7% January through December 2017 compared to that of 2016.
Boundaries: North of Colfax; East of Broadway; South of 20th; 20th & Park to 19th; West of Josephine
WASHINGTON PARK EAST January through December
2016
2017
Average Price
$1,105,901
$1,131,969
2.4%
$529
$548
3.6%
45
40
-11.1%
$5,600,000
$5,850,000
4.5%
144
123
-14.6%
97.1%
96.1%
-1.0%
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
857 South High Street, Washington Park East
WASHINGTON PARK WEST January through December Average Price
2016
$672,725
15.9%
$416
$444
6.7%
25
25
0.0%
$1,325,000
$1,850,000
39.6%
168
150
-10.7%
98.2%
98.7%
0.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$580,290
Average Price per Square Foot
Highest Price
2017
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
coloradomicroreports.com
WE ARE.
THE VOICE OF COLORADO REAL ESTATE
3 Countryside Lane, Cherry Hills Village
15
930 69
21,000
1
Exceptional Brand
The life you love.
livsothebysrealty.com | coloradomicroreports.com Based on Information from REColorado. This representation is based in whole or in part on data supplied by REColorado. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.