MICROMARKET REPORT
FOOTHILLS | YEAR END 2019
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: 24503 Chris Drive, Evergreen
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FOOTHILLS MARKET UPDATE Located at the base of the beautiful Rocky Mountains, the Foothills place residents in a prime position to benefit from proximity to the Front Range, incredible views, and scenic spaces, all without being too far from the amenities of the Denver Metro area. Neighborhoods in the Foothills, Jefferson County, span from Genesee, to Hiwan Hills, to Lookout Mountain. LIV Sotheby’s International Realty produces a Foothills Micro Market Report comparing year-end real estate activity for 2019 to the same time frame of 2018. As a whole, Jefferson County saw a notable increase in sold listings in 2019 compared to 2018 with the number of sold homes growing by 4.5%. Even more impressive, the total dollar volume sold in 2019 increased by 7.8% bringing the year-end total to $4,915,019,905 for all of Jefferson County. Over the course of last year, the amount of new listings also rose by 3.8%, bringing 11,935 new homes onto the market in 2019. Three neighborhoods within the Foothills’ real estate market saw an increase in properties sold by over 60%. Evergreen Highlands experienced the largest increase in sold properties, finishing out the year with an 80% growth in properties sold, increasing from 10 homes sold in 2018 to 18 homes sold in 2019. Following that, Conifer Mountain’s number of sold listings last year rose by 73.3%, growing from 15 homes sold in 2018 to 26 homes sold last year. Furthermore, Riva Chase’s sold properties increased from five sold homes in 2018 to eight homes sold during 2019, a 60% rise in total.
JEFFERSON COUNTY
January through December
2018
2019
% Change
New Listings
11,780
11,935
3.8%
Sold Listings
10,055
10,267
4.5%
$462,609
$479,000
2.7%
23
27
23.1%
100.00%
99.00%
-1.1%
$4,649,219,861
$4,915,019,905
7.8%
Average Price Average Days on Market % Sold Price to Original List Price Total Dollar Volume Sold
Ridge at Hiwan, a community that backs up to large open space, saw the largest increase in the highest-priced listing sold from 2018 to 2019. In 2018, the highest-priced home sold in this neighborhood was purchased for $1,630,000 but in 2019, the highest sale for this area was $2,475,000. The average days on market within the Mt. Vernon Country Club neighborhood decreased the most out of all the communities within the Foothills. The average days a home in this area spent on the market in 2019 was 20 days, down 70.6% from 2018 where the average days on market was 68. Neighborhoods within the Foothills each have their own distinct characteristics that make them great places to buy and sell homes. Situated at the crossroads of natural commodities and a quiet community, this area is perfect for people looking for their own mountain escape. 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 - DECEMBER 2019 • COLORADOMICROREPORTS.COM
10.0% The average price per square foot for the
neighborhood of Bear Mountain increased by 10.0% January through December 2019 compared to that of 2018.
BEAR MOUNTAIN January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$904,113
$917,407
1.5%
$317
$349
10.0%
53
115
117.0%
$1,900,000
$1,450,000
-23.7%
15
7
-53.3%
96.8%
96.8%
0.0%
BROOK FOREST January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$463,465
$462,661
-0.2%
$303
$316
4.1%
37
33
-10.8%
$721,000
$585,000
-18.9%
27
28
3.7%
98.0%
96.6%
-1.4%
6837 Berry Bush Lane, Evergreen
4.4%
The average price for the neighborhood of Conifer Mountain increased by 4.4% January through
December 2019 compared to that of 2018.
CONIFER MOUNTAIN January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$634,727
$662,342
4.4%
$311
$302
-2.8%
23
45
95.7%
$895,000
$1,104,500
23.4%
15
26
73.3%
99.0%
96.8%
-2.3%
coloradomicroreports.com
EVERGREEN HIGHLANDS January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$642,100
$716,934
11.7%
$316
$321
1.6%
16
29
81.3%
$771,500
$1,000,000
29.6%
10
18
80.0%
99.5%
98.0%
-1.5%
6383 Little Cub Creek Road, Evergreen
EVERGREEN MEADOWS January through December
All residences within
Average Price
Evergreen Meadows
Average Price per Square Foot
boast 2+ acre lots that
Average Days on Market
enjoy sweeping views
Highest Price
of the Rocky Mountains.
Properties Sold % Sold Price to List Price
EVERGREEN MEADOWS WEST January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$730,028
$747,101
2.3%
$254
$294
15.9%
25
46
84.0%
$1,045,000
$1,400,000
34.0%
24
25
4.2%
97.6%
95.9%
-1.7%
2018
2019
% Change
$527,468
$621,864
17.9%
$289
$282
-2.6%
28
18
-35.7%
35.7%
$716,650
$815,000
13.7%
neighborhood of Evergreen Meadows West
11
11
0.0%
decreased by 35.7% January through December
101.6%
96.7%
-4.9%
2019 compared to that of 2018.
The average days on market for the
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM
33.3% The number of properties sold for the
neighborhood of Evergreen Park Estates increased by 33.3% January through December 2019 compared to that of 2018.
EVERGREEN PARK ESTATES January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$598,111
$598,329
0.0%
$309
$312
0.7%
16
19
18.8%
$875,000
$820,000
-6.3%
9
12
33.3%
102.3%
97.8%
-4.4%
GENESEE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$882,769
$1,012,136
14.7%
$345
$364
5.5%
55
51
-7.3%
$1,555,000
$2,175,000
39.9%
49
50
2.0%
96.2%
97.1%
0.9%
2195 Foothills Drive, Golden
HANGEN RANCH January through December
Situated ideally, just past
Average Price
Three Sisters’ open space
Average Price per Square Foot
park, Hangen Ranch offers
Average Days on Market
large home lots and horse-
Highest Price
friendly zoning.
Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,033,100
$1,050,360
1.7%
$354
$390
10.1%
70
131
87.1%
$3,000,000
$1,630,000
-45.7%
9
5
-44.4%
96.5%
93.6%
-3.0%
coloradomicroreports.com
HIWAN GOLF CLUB January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$856,546
$884,147
3.2%
$310
$311
0.4%
36
54
50.0%
$1,800,000
$1,725,000
-4.2%
25
17
-32.0%
98.1%
95.4%
-2.7%
15.8% The average price per square foot for the
neighborhood of Hiwan Hills increased by 15.8% January through December 2019 compared to that of 2018.
3.2%
The average price for the neighborhood of Hiwan
Golf Club increased by 3.2% January through December 2019 compared to that of 2018.
HIWAN HILLS January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$638,868
$671,540
5.1%
$251
$291
15.8%
13
18
38.5%
$835,000
$920,000
10.2%
19
25
31.6%
98.1%
98.1%
-0.1%
LOOKOUT MOUNTAIN January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$748,521
$739,500
-1.2%
$319
$338
5.8%
31
77
148.4%
$1,021,401
$1,000,000
-2.1%
16
9
-43.8%
98.1%
94.2%
-4.0%
21509 Cabrini Boulevard, Golden
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM
94.6% The average price per square foot for the
neighborhood of Mt. Vernon Country Club increased by 94.6% January through December 2019 compared to that of 2018.
MT. VERNON COUNTRY CLUB January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
RIDGE AT HIWAN January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$703,320
$618,700
-12.0%
$270
$525
94.6%
68
20
-70.6%
$878,600
$637,500
-27.4%
5
2
-60.0%
96.9%
99.8%
3.0%
2018
2019
% Change
The Ridge at Hiwan offers
$1,117,871
$1,159,146
3.7%
multiple homes that back
$328
$342
4.3%
to open space where it
37
33
-10.8%
is a common site to see
$1,630,000
$2,475,000
51.8%
a herd of elk lounging
21
26
23.8%
in yards throughout the
96.6%
96.0%
-0.6%
neighborhood.
RIVA CHASE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,025,967
$989,713
-3.5%
$264
$340
28.6%
98
133
35.7%
$1,400,000
$1,800,000
28.6%
5
8
60.0%
85.1%
92.2%
8.4%
22264 Anasazi Way, Golden
coloradomicroreports.com
SHADOW MOUNTAIN January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2.7%
2018
2019
% Change
$489,273
$502,559
2.7%
$288
$293
1.7%
28
27
-3.6%
$772,500
$925,000
19.7%
The average price for the neighborhood of Shadow
12
11
-8.3%
Mountain increased by 2.7% January through
96.6%
97.9%
1.4%
December 2019 compared to that of 2018.
SODA CREEK January through December
Soda Creek’s lot sizes
Average Price
are typically larger than
Average Price per Square Foot
most North Evergreen
Average Days on Market
neighborhoods with an
Highest Price
average of five plus acres.
Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,329,785
$1,361,300
2.4%
$321
$412
28.5%
124
87
-29.8%
$2,212,500
$1,820,000
-17.7%
13
7
-46.2%
94.1%
92.2%
-2.1%
SPRING RANCH January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$1,253,904
$1,526,667
21.8%
$396
$427
7.8%
81
97
19.8%
$1,500,925
$2,000,000
33.3%
6
3
-50.0%
96.9%
92.1%
-4.9%
821 Elk Rest Road, Evergreen
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM
TANOA January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$985,400
$949,950
-3.6%
$352
$307
-12.8%
30
124
313.3%
$1,375,000
$950,000
-30.9%
5
2
-60.0%
98.6%
88.6%
-10.2%
30865 Tanoa Road, Evergreen
UPPER BEAR CREEK January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
The Upper Bear Creek area
2018
2019
% Change
is rich in history - Troutdale
$1,001,000
$706,000
-29.5%
in the Pines, a posh resort
$358
$273
-23.6%
hotel, catered to Hollywood
65
105
61.5%
movie stars and America’s
$2,150,000
$1,375,000
-36.0%
elite in the 1920s and
8
5
-37.5%
served as a vacation spot
94.5%
89.5%
-5.3%
for Denverites escaping the summer heat.
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MICROMARKET REPORT | Foothills
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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.