MICROMARKET REPORT
FOOTHILLS | Q3 2020
FOOTHILLS
NEIGHBORHOODS 1. Bear Mountain
12
2. Brook Forest 3. Conifer Mountain
16
11
17
4. Evergreen Highlands
14
18
5. Evergreen Meadows
8
13 10
6. Evergreen Meadows West 7. Evergreen Park Estates 8. Genesee
19
9. Hangen Ranch 1
10. Hiwan Country Club
9
11. Lookout Mountain
7
12. Mt. Vernon Country Club 13. Ridge at Hiwan
4 2 6
14. Riva Chase
5
15. Shadow Mountain 16. Soda Creek 17. Spring Ranch 18. Tanoa
15 3
19. Upper Bear Creek
Pictured on cover: 1275 Silver Tip Lane, Evergreen
coloradomicroreports.com
FOOTHILLS MARKET UPDATE Nestled at the base of the Rocky Mountains is the gorgeous Foothills community. This region, which is known for its natural beauty and proximity to the mountains, is where you’ll find amazing homes with access to open space, incredible views, and lifestyle-focused living. The Foothills, within Jefferson County, incorporates 20 different neighborhoods, such as Genesee, Hiwan Hills, and Lookout Mountain, that offer residents the chance to live among nature without being too far from urban shopping and dining options. As consumers shift their buying preferences to prioritize homes that allow them to socially distance in comfort and style, real estate activity in the Foothills has seen positive growth. LIV Sotheby’s International Realty produces a Foothills Micro Market Report comparing real estate metrics from January through September of 2020 to the same time period in 2019. During this time frame, Jefferson County as a whole has seen a 3.5% increase in sold listings and a 7% increase in average home prices.
JEFFERSON COUNTY January through September
2019
2020
% Change
10,048
9,643
-4.0%
7,860
8,136
3.5%
Through Q3 of this year, the average cost of a
New Listings
home in the Foothills was $511,671. The demand for
Sold Listings (All Properties)
homes in the area is illustrated by the decrease in
Average Price (All Properties)
$478,261
$511,671
7.0%
Average Price (Single Family)
$537,592
$578,511
7.6%
25
23
-8.0%
99.4%
100.0%
0.6%
$3,759,132,009
$4,162,957,346
10.7%
average days on market which fell by 8%, bringing the number of days homes in this community typically spend on the market to 23 days.
Average Days on Market % Sold Price to Original List Price
Many communities within the Foothills saw average
Total Dollar Volume Sold
home prices rise through September due to increased demand. Homes in the Soda Creek neighborhood increased in average price by 34.6%, bringing the average price for homes in the area to $1,694,041. Average prices also rose in Lookout Mountain and Hiwan Country Club, increasing by 21.7% and 12.3% respectively. The average days on market decreased significantly for several neighborhoods within the Foothills, showing that buyers are willing to act fast to purchase the homes they really want. In Evergreen Highlands, the average days on market dropped by 64.7%, from 17 days to an astonishing six days on market. Bear Mountain also experienced a dramatic decrease, falling 41% from 134 days on market to 79 days on market. The Foothills community is a sanctuary for those looking for space and serenity near both the city and the mountains. This unique balance makes the community a wonderful place to buy and sell real estate.
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 - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
BEAR MOUNTAIN January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$965,308
$1,007,286
4.3%
$342
$370
8.1%
134
79
-41.0%
$1,450,000
$1,600,000
10.3%
6
7
16.7%
96.2%
95.7%
-0.5%
24503 Chris Drive, Evergreen
BROOK FOREST January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
Brook Forest is a small
$473,977
$527,621
11.3%
mountain community located
$316
$340
7.4%
in Evergreen. Here you can
27
21
-22.2%
find the historic Brook Forest
$585,000
$682,500
16.7%
Inn, built in 1909 and one of
22
21
-4.5%
Colorado’s long-enduring
98.0%
98.0%
0.0%
landmarks.
10.2%
The average price per square foot in the area of Conifer Mountain increased by 10.2% January
through September 2020 compared to that of 2019.
CONIFER MOUNTAIN January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$663,900
$628,700
-5.3%
$329
$362
10.2%
42
42
0.0%
$1,000,000
$970,000
-3.0%
15
15
0.0%
97.6%
101.2%
3.6%
coloradomicroreports.com
EVERGREEN HIGHLANDS January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
Tucked in the mountains
$748,651
$694,667
-7.2%
west of Denver, alpine
$329
$330
0.2%
meadows, cool forests and
17
6
-64.7%
brilliant wildflowers create
$1,000,000
$775,000
-22.5%
a natural backdrop for this
12
9
-25.0%
thriving community.
99.0%
101.5%
2.5%
EVERGREEN MEADOWS January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$708,817
$788,905
11.3%
$279
$324
16.0%
39
50
28.2%
$1,400,000
$1,250,000
-10.7%
19
21
10.5%
97.0%
97.7%
0.7%
6917 Timbers Drive, Evergreen
EVERGREEN MEADOWS WEST January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
33.3%
2019
2020
% Change
$637,833
$621,482
-2.6%
$280
$330
17.7%
10
14
40.0%
The number of properties sold in the neighborhood
$815,000
$815,000
0.0%
of Evergreen Meadows West increased by 33.3%
9
12
33.3%
January through September 2020 compared to
99.3%
99.7%
0.4%
that of 2019.
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
EVERGREEN PARK ESTATES
15.8%
January through September Average Price Average Price per Square Foot Average Days on Market
The highest price sold in the neighborhood of
Evergreen Park Estates increased by 15.8% January through September 2020 compared to that of 2019.
Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$647,000
$662,700
2.4%
$332
$358
7.9%
15
54
260.0%
$820,000
$949,900
15.8%
9
7
-22.2%
99.6%
99.3%
-0.3%
GENESEE January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$983,854
$1,022,233
3.9%
$363
$394
8.5%
52
48
-7.7%
$2,150,000
$3,100,000
44.2%
39
36
-7.7%
96.9%
96.0%
-0.9%
1874 Foothills Drive South, Golden
HANGEN RANCH January through September
Situated just past Three
Average Price
Sisters’ open space park,
Average Price per Square Foot
Hangen Ranch offers large
Average Days on Market
home lots and horse-
Highest Price
friendly zoning.
Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,203,000
$829,667
-31.0%
$389
$456
17.1%
201
30
-85.1%
$1,630,000
$1,100,000
-32.5%
3
3
0.0%
91.6%
97.9%
6.9%
coloradomicroreports.com
HIWAN COUNTRY CLUB January through September Average Price Average Price per Square Foot Average Days on Market Highest Price
2019
2020
% Change
$885,367
$994,472
12.3%
$305
$342
12.1%
55
39
-29.1%
$1,725,000
$1,407,000
-18.4%
15
18
20.0%
95.4%
98.3%
3.1%
Properties Sold % Sold Price to List Price
2833 Pebble Beach Drive, Evergreen
29.5%
HIWAN HILLS January through September Average Price Average Price per Square Foot Average Days on Market
The average price per square foot in the neighborhood
Highest Price
of Hiwan Hills increased by 29.5% January through
Properties Sold
September 2020 compared to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$673,353
$706,667
4.9%
$286
$370
29.5%
14
26
85.7%
$920,000
$864,000
-6.1%
17
15
-11.8%
98.7%
99.6%
0.9%
LOOKOUT MOUNTAIN January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$706,938
$860,500
21.7%
$327
$399
21.9%
81
4
-95.1%
$935,000
$915,000
-2.1%
8
2
-75.0%
93.8%
103.7%
10.6%
21509 Cabrini Boulevard, Golden
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
MT. VERNON COUNTRY CLUB January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$642,467
$580,000
-9.7%
$466
$512
9.9%
18
8
-55.6%
$690,000
$580,000
-15.9%
3
1
-66.7%
99.6%
93.7%
-5.9%
59 Choke Cherry Road, Golden
THE RIDGE AT HIWAN January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,131,488
$1,082,995
-4.3%
$328
$344
4.7%
32
57
78.1%
$1,450,000
$1,310,000
-9.7%
to open space and gorgeous
18
19
5.6%
views.
96.3%
94.3%
-2.1%
The Ridge at Hiwan is a popular community in Evergreen, offering quiet streets with homes that back
RIVA CHASE January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,111,140
$1,155,500
4.0%
$325
$321
-1.2%
190
83
-56.3%
$1,800,000
$1,370,000
-23.9%
5
7
40.0%
88.8%
94.0%
5.8%
982 Sleepy Hollow Road, Golden
coloradomicroreports.com
SHADOW MOUNTAIN January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$529,593
$631,057
19.2%
Shadow Mountain, just
$290
$349
20.4%
west of Evergreen, offers
11
49
345.5%
access to many hiking
$925,000
$1,192,000
28.9%
trails and picnic areas.
7
7
0.0%
98.7%
97.4%
-1.3%
SODA CREEK January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,258,820
$1,694,041
34.6%
$425
$402
-5.5%
90
151
67.8%
$1,820,000
$3,300,000
81.3%
5
17
240.0%
91.7%
90.8%
-1.0%
34814 W Meadow Road, Evergreen
SPRING RANCH January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,665,000
$1,454,750
-12.6%
$409
$383
-6.4%
128
66
-48.4%
$2,000,000
$1,675,000
-16.3%
2
4
100.0%
89.1%
95.3%
7.0%
48.4% The average days on market in the neighborhood of Spring Ranch decreased by 48.4% January through September 2020 compared to that of 2019.
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • COLORADOMICROREPORTS.COM
TANOA January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$949,950
$815,250
-14.2%
$307
$342
11.4%
124
86
-30.6%
$950,000
$915,000
-3.7%
2
4
100.0%
88.6%
98.2%
10.9%
1734 Pinedale Ranch Circle, Evergreen
UPPER BEAR CREEK January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$706,000
$887,951
25.8%
$273
$362
32.6%
105
85
-19.0%
$1,375,000
$1,500,000
9.1%
5
7
40.0%
90.9%
93.8%
3.2%
9.1%
The highest price in the area of Upper Bear Creek increased by 9.1% January through September 2020 compared to that of 2019.
coloradomicroreports.com
WHY COLORADO? NATIONAL PARKS: 4
MOUNTAIN RANGES: 7
SKI AREAS & RESORTS: 28
AVERAGE DAYS OF SUNSHINE ANNUALLY: 300
CRAFT BREWERIES: 350+
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY - SEPTEMBER 2020 • 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.