Foothills Q1 2020 Micro Market Report

MICROMARKET REPORT

FOOTHILLS | Q1 2020

FOOTHILLS

NEIGHBORHOODS 1.

Soda Creek

2.

Upper Bear Creek

3.

Hangen Ranch

4.

Shadow Mountain

5.

Brook Forest

14

1

6 7

Ridge at Hiwan

8.

Hiwan Country Club

9 13

2

9. Tanoa 10.

Evergreen Valley Estates

11.

Evergreen Meadows West

12.

Conifer Mountain

13.

Hiwan Hills

14.

Spring Ranch

15.

Bear Mountain

16.

Evergreen Highlands

17.

Evergreen Meadows

18.

Lookout Mountain

19.

Mt. Vernon Country Club

20.

Riva Chase

20

8

6. Genesee 7.

18

19

15 3

10 5

16 17

4 11 12 Pictured on cover: 21509 Cabrini Boulevard, Golden

coloradomicroreports.com

FOOTHILLS MARKET UPDATE

Sitting at the base of Colorado’s Rocky Mountains, the Foothills is a collection of neighborhoods within Jefferson County that present residents with the unique opportunity to live near nature while still having access to community conveniences. These 20 different neighborhoods including Genesee, Hiwan Hills, and Lookout Mountain to name a few, offer those who live there scenic landscapes, mountain vistas, and open spaces all within a reasonable driving distance to Denver.

LIV Sotheby’s International Realty JEFFERSON COUNTY produces a Foothills Micro Market January through March 2019 2020 % Change Report comparing real estate activity New Listings 2,603 2,748 5.6% for Q1 of 2020 to the same time frame of 2019. The community of Tanoa Sold Listings 1,882 2,055 9.2% saw the most noticeable increase Average Price $458,677 $487,132 6.2% in properties sold, with four homes Average Days on Market 32 32 0.0% sold through March of this year % Sold Price to Original List Price 97.8% 98.5% 0.7% compared to one home sold during Total Dollar Volume Sold $862,771,347 $974,751,050 13.0% the same time period last year, a 300% increase. Other areas saw rises in average home prices, such as Genesee. This community experienced a 31.1% increase in average home prices, making the average price for a listing in this area $1,105,140 in 2020. Evergreen Meadows had a significant decrease in the average days on market. On average during Q1 of this year, homes in this area were on the market for 13.6% less time than they were in Q1 of 2019, bringing the average time a home spent on the market to 76 days.

For consumers looking for a Colorado home close to the mountains without committing to the resort lifestyle, the Foothills are an ideal balance of space, nature, and modern conveniences.

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 | Foothills livsothebysrealty.com

JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM

BEAR MOUNTAIN January through March

Surrounded by pine trees

Average Price

and rolling hills, you are

Average Price per Square Foot

bound to see all kinds of

Average Days on Market

wildlife right outside your

Highest Price

window.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$722,500

-

-100.0%

$267

-

-100.0%

2

-

-100.0%

$722,500

-

-100.0%

1

No Sales

-100.0%

99.7%

-

-100.0%

BROOK FOREST January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$525,000

$585,833

11.6%

$398

$354

-11.0%

5

40

700.0%

$585,000

$675,000

15.4%

2

3

50.0%

101.7%

94.5%

-7.1%

6798 Berry Bush Lane, Evergreen

6.5%

The highest price sold in the neighborhood of

Conifer Mountain increased by 6.5% January through March 2020 compared to that of 2019.

CONIFER MOUNTAIN January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$656,000

$577,400

-12.0%

$206

$402

95.4%

20

62

210.0%

$682,000

$726,000

6.5%

2

5

150.0%

99.8%

98.1%

-1.7%

coloradomicroreports.com

EVERGREEN HIGHLANDS January through March Average Price

2019

2020

% Change

$663,571

-

-100.0%

$341

-

-100.0%

4

-

-100.0%

$770,000

-

-100.0%

3

No Sales

-100.0%

99.7%

-

-100.0%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

6957 Timbers Drive, Evergreen

13.6%

EVERGREEN MEADOWS January through March Average Price Average Price per Square Foot

The average days on market for the

Average Days on Market

neighborhood of Evergreen Meadows decreased

Highest Price

by 13.6% January through March 2020

Properties Sold

compared to that of 2019.

% Sold Price to List Price

2019

2020

% Change

$684,125

$683,750

-0.1%

$231

$340

46.9%

88

76

-13.6%

$880,000

$850,000

-3.4%

4

6

50.0%

96.9%

94.7%

-2.2%

EVERGREEN MEADOWS WEST January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$776,000

-

-100.0%

$183

-

-100.0%

14

-

-100.0%

$776,000

-

-100.0%

1

No Sales

-100.0%

97.6%

-

-100.0%

Within the Evergreen Meadows area, all residences boast 2+ acre lots that enjoy sweeping views of the Rocky Mountains.

MICROMARKET REPORT | Foothills livsothebysrealty.com

JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM

EVERGREEN VALLEY ESTATES January through March

2019

2020

% Change

Average Price

-

$758,300

-

Average Price per Square Foot

-

$412

-

Average Days on Market

-

119

-

Highest Price

-

$949,900

-

No Sales

3

-

-

98.1%

-

Properties Sold % Sold Price to List Price

28775 Cragmont Drive, Evergeen

GENESEE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

31.1%

2019

2020

% Change

$842,833

$1,105,140

31.1%

$363

$384

5.7%

25

63

152.0%

The average price in the neighborhood of Genesee

$1,262,500

$3,100,000

145.5%

increased by 31.1% January through March 2020

12

10

-16.7%

compared to that of 2019.

98.6%

93.4%

-5.2%

HANGEN RANCH January through March

Situated ideally, just past

Average Price

Three Sisters’ open space

Average Price per Square Foot

park, Hangen Ranch oers

Average Days on Market

large home lots and horse-

Highest Price

friendly zoning.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$1,465,000

$550,000

-62.5%

$440

$515

17.0%

284

43

-84.9%

$1,630,000

$550,000

-66.3%

2

1

-50.0%

87.4%

98.2%

12.4%

coloradomicroreports.com

HIWAN COUNTRY CLUB January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

95.5%

2019

2020

% Change

$1,098,600

$729,000

-33.6%

$353

$249

-29.5%

112

5

-95.5%

$1,725,000

$729,000

-57.7%

neighborhood of Hiwan Country Club decreased

5

1

-80.0%

by 95.5% January through March 2020

95.1%

100.0%

5.2%

compared to that of 2019.

The average days on market in the

HIWAN HILLS January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$646,200

$674,167

4.3%

$325

$343

5.5%

20

80

300.0%

$699,999

$712,500

1.8%

5

3

-40.0%

95.9%

98.4%

2.7%

28374 Pipe Bearer Lane, Evergreen

LOOKOUT MOUNTAIN January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$601,000

-

-100.0%

$339

-

-100.0%

70

-

-100.0%

$700,000

-

-100.0%

3

No Sales

-100.0%

92.5%

-

-100.0%

Located closely to Lookout Mountain Park, natural scenery and outdoor recreation is just outside your backyard.

MICROMARKET REPORT | Foothills livsothebysrealty.com

JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM

MT. VERNON COUNTRY CLUB Surrounded by awe-

January through March

inspiring natural beauty,

2019

2020

% Change

Average Price

-

-

-

this neighborhood provides

Average Price per Square Foot

-

-

-

easy access to the highway

Average Days on Market

-

-

-

for mountain adventures or

Highest Price

-

-

-

city entertainment.

Properties Sold

No Sales

No Sales

-

-

-

-

% Sold Price to List Price

RIDGE AT HIWAN January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

19.0%

2019

2020

% Change

$1,181,667

$1,038,333

-12.1%

$323

$385

19.0%

30

50

66.7%

$1,320,000

$1,180,000

-10.6%

neighborhood of Ridge at Hiwan increased by

3

3

0.0%

19.0% January through March 2020 compared to

95.4%

93.8%

-1.7%

that of 2019.

The average price per square foot for the

RIVA CHASE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$847,000

-

-100.0%

$285

-

-100.0%

263

-

-100.0%

$847,000

-

-100.0%

1

No Sales

-100.0%

91.7%

-

-100.0%

22594 Treetop Lane, Golden

coloradomicroreports.com

SHADOW MOUNTAIN January through March

2019

2020

% Change

Average Price

-

$551,800

-

Shadow Mountain, just

Average Price per Square Foot

-

$305

-

west of Evergreen, offers

Average Days on Market

-

52

-

access to many hiking trails

Highest Price

-

$620,000

-

and picnic areas.

No Sales

3

-

-

95.0%

-

Properties Sold % Sold Price to List Price

SODA CREEK January through March

2019

2020

% Change

Average Price

-

$1,851,800

-

Average Price per Square Foot

-

$469

-

Average Days on Market

-

207

-

Highest Price

-

$3,300,000

-

No Sales

5

-

-

92.4%

-

Properties Sold % Sold Price to List Price

497 Meadow Vista Drive, Evergreen

SPRING RANCH January through March

2019

2020

% Change

Average Price

-

-

-

Average Price per Square Foot

-

-

-

Average Days on Market

-

-

-

Highest Price

-

-

-

No Sales

No Sales

-

-

-

-

Properties Sold % Sold Price to List Price

27250 Craig Lane, Golden

MICROMARKET REPORT | Foothills livsothebysrealty.com

JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM

TANOA January through March

Tanoa residents enjoy area

Average Price

convenience, a beautiful

Average Price per Square Foot

neighborhood and unique

Average Days on Market

homes. Most lots are under

Highest Price

an acre and back to open

Properties Sold

space.

% Sold Price to List Price

2019

2020

% Change

$949,900

$815,250

-14.2%

$359

$342

-4.8%

126

86

-31.7%

$949,900

$915,000

-3.7%

1

4

300.0%

98.0%

98.2%

0.2%

UPPER BEAR CREEK January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$445,000

$607,500

36.5%

$294

$378

28.5%

21

53

152.4%

$530,000

$1,050,000

98.1%

2

2

0.0%

91.5%

97.7%

6.8%

31451 Upper Bear Creak Road, Evergreen

coloradomicroreports.com

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.