Q1 2021
Micro Market Report FOOTHILLS
107 Yankee Creek
32900 Serendipity Trail
Foothills MARKET UPDATE
Colorado’s Foothills offers a lifestyle second-to-none. The expansive views and easy access to open space, hiking and biking trails make this an ideal place to live. Especially with lifestyle preferences changing to many looking for more space and nearby recreation, the Foothills are drawing in more and more interested buyers. LIV Sotheby’s International Realty produces a Micro Market Report focused on the Foothills market and the Q1 2021 performance compared to the same timeframe of 2020. The report shows a clear rise in demand for Jefferson County, with a 15.3% increase in the average price met with a dramatic 46.9% decrease in the average days on market. This competition for homes was most likely driven by the 15.8% drop in the number of new listings, with 2,434 new listings on the market so far this year compared to 2,892 in Q1 of 2020. Average days on market decreased for all areas within the report except for Hiwan Country Club, which showed an increase in the days on market however this was based on just two sales. For the other 19 communities within the Foothills, the average days on market dropped significantly with Brook Forest showing a notable 70% decrease to an average of 12 days on market for the 10 homes that sold so far this year (compared to an average of 40 days on market for the three homes that sold in Q1 of 2020).
decrease in the average days on market. The highest price dipped compared to 2020, which means that more homes sold closer to the average price. Even though the same exact number of homes have sold, it’s clear that there is increased demand this year as compared to last year. Jefferson County showed a pronounced increase in demand for Q1 of this year compared to Q1 of last year. The 20 Foothills’ communities followed that trend closely, which is resulting in positive returns for sellers. Buyers do still have plenty of opportunities to call the Foothills their home, with some areas showing decreases in the average price. Regardless, buyers need to be expected to act quickly as homes are selling in record time.
JEFFERSON COUNTY January through March
2020
2021
% Change
New Listings
2,892
2,434
-15.8%
Sold Listings (All Properties)
2,162
2,072
-4.2%
Average Price (all Properties)
$489,104
$563,770
15.3%
Average Price (single family)
$563,192
$657,800
16.8%
32
17
-46.9%
99.8%
102.1%
2.3%
$1,057,442,508
$1,168,131,098
10.5%
Average Days on Market % Sold Price to Original List Price Total Dollar Volume Sold
The performance of Genesee is interesting to review, as the same number of properties sold (10) with a 7.3% increase in the average price and a 55.6%
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
FOOTHILLS
NEIGHBORHOODS 1. Bear Mountain
6. Evergreen Meadows West
11. Lookout Mountain
16. Soda Creek
2. Brook Forest
7. Evergreen Park Estates
12. Mt. Vernon Country Club
17. Tanoa
3. Conifer Mountain
8. Genesee
13. Ridge at Hiwan
18. Upper Bear Creek
4. Evergreen Highlands
9. Hangen Ranch
14. Riva Chase
5. Evergreen Meadows
10. Hiwan
15. Shadow Mountain
12
11
16 14 17
8
13 10
18 1 9
7 4
2 6
5
15 3
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY - MARCH 2021 • COLORADOMICROREPORTS.COM
BEAR MOUNTAIN CONIFER MOUNTAIN
BROOK FOREST
Bear Mountain is a serene community located approximately 35 minutes west of Denver. The area’s one-of-a-kind homes offer breathtaking views extending from Mount Evans to Longs Peak to Downtown Denver.
January through March
2020
2021
% Change
Average Price
-
$860,000
-
Average Price per Square Foot
-
$193
-
Average Days on Market
-
41
-
Highest Price
-
$860,000
-
No Sales
1
-
% Sold Price to List Price
-
87.4%
-
January through March
2020
2021
% Change
$585,833
$482,900
-17.6%
$354
$469
32.6%
40
12
-70.0%
$675,000
$875,000
29.6%
3
10
233.3%
94.5%
103.3%
9.3%
2020
2021
% Change
$577,400
$638,567
10.6%
$402
$289
-28.1%
62
4
-93.5%
$726,000
$785,000
8.1%
5
3
-40.0%
98.1%
110.5%
12.6%
Properties Sold
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
93.5%
January through March Average Price Average Price per Square Foot Average Days on Market
The average days on market in Conifer
Highest Price
Mountain decreased by 93.5% January
Properties Sold
through March 2021 compared to that of 2020.
% Sold Price to List Price
% Change
Average Price
-
$818,750
-
Average Price per Square Foot
-
$416
-
Average Days on Market
-
9
-
Highest Price
-
$1,015,000
-
No Sales
4
-
% Sold Price to List Price
-
103.3%
-
January through March
2020
2021
% Change
$683,750
$1,078,175
57.7%
$340
$369
8.6%
76
38
-50.0%
$879,000
$1,392,000
58.4%
6
8
33.3%
94.7%
98.0%
3.5%
2020
2021
% Change
Average Price
-
-
-
Average Price per Square Foot
-
-
-
Average Days on Market
-
-
-
Highest Price
-
-
-
No Sales
No Sales
-
-
-
-
Properties Sold
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
January through March
Properties Sold % Sold Price to List Price
Evergreen Meadows West is located down the road from Flying J Ranch and Arapahoe National Forest. Just 15 minutes from Downtown Evergreen, here you can find quiet home sites on two-plus acres, as well as gorgeous views and a convenient location.
EVERGREEN MEADOWS WEST
2021
EVERGREEN MEADOWS
2020
EVERGREEN HIGHLANDS
January through March
Evergreen Highlands is a 230-home community along the front range of the Rocky Mountains. Residents love Evergreen Highlands for the community’s array of amenities, including tennis and volleyball courts, playgrounds, a trout pond, stables, and more.
January through March
2020
2021
% Change
$758,300
-
-
$412
-
-
119
-
-
$949,900
-
-
3
No Sales
-
% Sold Price to List Price
98.1%
-
-
January through March
2020
2021
% Change
$1,105,140
$1,185,905
7.3%
$384
$418
9.1%
63
28
-55.6%
$3,100,000
$1,775,300
-42.7%
10
10
0.0%
93.4%
98.2%
5.2%
2020
2021
% Change
$550,000
-
-
$515
-
-
43
-
-
$550,000
-
-
1
No Sales
-
98.2%
-
-
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold
Average Price
GENESEE
EVERGREEN PARK ESTATES
Evergreen Park Estates is a quiet area with most homesites between one to two acres. This area is located conveniently to Alderfer/Three Sisters Park and is about 10 minutes or less to local shopping.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold
HANGEN RANCH
% Sold Price to List Price
Hangen Ranch is a small neighborhood located in South Evergreen, providing a mix of modern, mountain and old-farm-style homes. With views of Mt. Evans and only minutes from Evergreen Lake, Hangen Ranch is perfect for those looking to enjoy the outdoors.
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
71.5%
% Change
$729,000
$1,227,100
68.3%
$249
$331
32.9%
5
77
1440.0%
$729,000
$1,250,000
71.5%
1
2
100.0%
% Sold Price to List Price
100.0%
94.1%
-5.9%
January through March
2020
2021
% Change
$674,167
$893,333
32.5%
$343
$406
18.4%
80
15
-81.3%
32.5%
$712,500
$1,200,000
68.4%
The average price in the neighborhood of
3
3
0.0%
98.4%
100.5%
2.1%
2020
2021
% Change
Average Price
-
$1,093,500
-
Average Price per Square Foot
-
$396
-
Average Days on Market
-
49
-
Highest Price
-
$1,345,000
-
No Sales
2
-
-
102.3%
-
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
January through March
Properties Sold % Sold Price to List Price
The highest price in the neighborhood of Hiwan Country Club increased by 71.5% January through March 2021 compared to that of 2020.
Hiwan Hills increased by 32.5% January through March 2021 compared to that of 2020.
LOOKOUT MOUNTAIN
2021
HIWAN HILLS
2020
HIWAN COUNTRY CLUB
January through March
MT. VERNON COUNTRY CLUB
RIDGE AT HIWAN RIVA CHASE
Mt. Vernon Country Club is one of the oldest, private clubs in the Denver Metro area, offering spectacular views, amenities, social events, and gorgeous nearby home sights.
37.3%
January through March
2020
2021
% Change
Average Price
-
$940,000
-
Average Price per Square Foot
-
$307
-
Average Days on Market
-
7
-
Highest Price
-
$940,000
-
No Sales
1
-
% Sold Price to List Price
-
104.7%
-
January through March
2020
2021
% Change
$1,038,333
$1,415,867
36.4%
$385
$385
0.1%
50
14
-72.0%
$1,180,000
$1,620,000
37.3%
3
6
100.0%
93.8%
102.0%
8.8%
2020
2021
% Change
Average Price
-
$1,850,000
-
Average Price per Square Foot
-
$292
-
Average Days on Market
-
258
-
Highest Price
-
$1,850,000
-
No Sales
1
-
-
92.5%
-
Properties Sold
Average Price Average Price per Square Foot Average Days on Market
The highest price in the neighborhood
Highest Price
of Ridge at Hiwan increased by 37.3%
Properties Sold
January through March 2021 compared to that of 2020.
% Sold Price to List Price
January through March
Properties Sold % Sold Price to List Price
% Change
$551,800
-
-
$305
-
-
52
-
-
$620,000
-
-
3
No Sales
-
% Sold Price to List Price
95.0%
-
-
January through March
2020
2021
% Change
$1,851,800
$1,175,000
-36.5%
$469
$533
13.7%
207
11
-94.7%
$3,300,000
$1,175,000
-64.4%
The average days on market in Soda
5
1
-80.0%
Creek decreased by 94.7% January
92.4%
91.9%
-0.6%
2020
2021
% Change
$815,250
$1,183,333
45.1%
$342
$447
30.7%
86
20
-76.7%
$915,000
$1,600,000
74.9%
4
3
-25.0%
98.2%
98.2%
-0.1%
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Shadow Mountain, located in beautiful Conifer, is surrounded by hiking trails and offers residences easy access to Staunton State Park.
94.7% through March 2021 compared to that of 2020.
TANOA
2021
SODA CREEK
2020
SHADOW MOUNTAIN
January through March
UPPER BEAR CREEK
6.6%
The percent sold price to list price in Upper Bear Creek increased by 6.6% January through March 2021 compared to that of 2020.
January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$607,500
$1,250,000
105.8%
$378
$361
-4.5%
53
6
-88.7%
$1,050,000
$1,250,000
19.0%
2
1
-50.0%
97.7%
104.2%
6.6%
04 07 28 300 350+ NATIONAL PARKS
AVG DAYS OF SUNSHINE
MOUNTAIN RANGES
CRAFT BREWERIES
SKI AREAS & RESORTS
MICROMARKET REPORT | Foothills JANUARY - MARCH 2021 • COLORADOMICROREPORTS.COM
