NEIGHBORHOOD MICROMARKET REPORT |
January through June
2016
2017
% Change
Average Price Foothills • Mid-Year 2017 Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
MICROMARKET REPORT | Denver Metro 303.893.3200
page 1
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
FOOTHILLS NEIGHBORHOODS 18
19 14
1 7
6
8
13
10 5
2.
Upper Bear Creek
3.
Hangen Ranch
4.
Shadow Mountain
5.
Brook Forest
7.
Ridge at Hiwan
8.
Hiwan Country Club
9. Tanoa
15 3
Soda Creek
6. Genesee
9 2
20
1.
16 17
4 11 12
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
Pictured on cover: 414 Humphrey Drive, Evergreen
coloradomicroreports.com
FOOTHILLS AREA Market Introduction The Foothills of Denver metro and its surrounding areas are located in western Jefferson County and include higher terrain areas between 6,000 and 9,000 feet west of Denver that parallel the Front Range Mountains. The foothills are consistently rated as some of the best places to live, work, and raise a family in Colorado, and provide much closer proximity to weekend getaways in the mountains. The foothills stretch from Roxborough State Park, north, to the west side of Fort Collins. Cities and towns in the foothills region included in this report include Evergreen, Genesee and Conifer. The Foothills Area Micro Market Report, prepared by LIV Sotheby’s International Realty, compares mid-year 2017 statistics (January through June), to that of 2016, for single family homes and attached dwellings. Highlights from the Foothills area include Hangen Ranch’s average price rising to $990,438, up 41% since 2016. Evergreen Highlands’s average price rose, 18.1%, to $656,667, over 2016. Evergreen Meadows’s average price rose slightly, up 17.2% to $626,689 over 2016.
Q1 2017 Highlights: • Hangen Ranch’s average price is $990,438
41.0%
• Evergreen Highland’s average price is $656,667
18.1%
• Evergreen Meadow’s average price is $626,689
17.2%
• Soda Creeks’s average price is $1,451,318
13.9%
A continued strong demand in the Foothills is projected as the result of the many positive economic variables that living in the Colorado Foothills affords.
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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 MID-YEAR 2017 • COLORADOMICROREPORTS.COM
BEAR MOUNTAIN January through June Average Price
2016
$676,600
6.4%
$240
$334
39.0%
46
182
295.7%
$783,800
$1,160,000
48.0%
2
5
150.0%
100.1%
92.0%
-8.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$635,650
Average Price per Square Foot
Highest Price
2017
BROOK FOREST January through June Average Price
2016
$418,892
23.8%
$246
$329
33.7%
21
20
-4.8%
$410,000
$728,300
77.6%
10
12
20.0%
98.5%
99.7%
1.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$338,450
Average Price per Square Foot
Highest Price
2017
33.7%
January through June 2017, the average price per square foot in the neighborhood of Brook Forest increased by 33.7% compared to that of 2016.
CONIFER MOUNTAIN January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$484,733
$561,731
15.9%
$253
$274
8.2%
37
109
194.6%
$600,000
$840,000
40.0%
13
13
0.0%
98.0%
97.0%
-1.0%
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EVERGREEN HIGHLANDS Evergreen Highlands is about 12 minutes from Evergreen town center and is about the same distance to Conifer. Homeowners have access to community amenities such as tennis courts, ponds, and a barn.
January through June
2016
Average Price
$556,000
$656,667
18.1%
$220
$252
14.5%
71
12
-83.1%
$715,000
$700,000
-2.1%
4
3
-25.0%
92.8%
101.4%
9.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
EVERGREEN MEADOWS January through June Average Price
2016
$626,689
17.2%
$191
$245
28.2%
62
44
-29.0%
$632,000
$1,038,780
64.4%
4
17
325.0%
92.2%
95.9%
4.0%
Average Days on Market
Properties Sold % Sold Price to List Price
26.1%
The average price per square foot for the neighborhood of Evergreen Meadows West increased by 26.1% January through June 2017 compared to that of 2016.
% Change
$534,750
Average Price per Square Foot
Highest Price
2017
EVERGREEN MEADOWS WEST January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$536,234
$533,714
-0.5%
$193
$244
26.1%
117
11
-90.6%
$1,231,400
$730,000
-40.7%
9
7
-22.2%
96.5%
98.1%
1.7%
MICROMARKET REPORT | Foothills livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
EVERGREEN PARK ESTATES January through June
2016
Average Price
$685,000
30.8%
$240
$282
17.8%
2
4
100.0%
$661,000
$685,000
3.6%
3
1
-66.7%
101.0%
100.0%
-1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$523,700
Average Price per Square Foot
Highest Price
2017
Evergreen Park Estates is a quiet area. Most home sites are between 1-2 acres and have wooded lots. This area is convenient to Three Sisters’ open space park and is about 10 minutes or less to area shopping.
GENESEE January through June
2016
Average Price
% Change
$752,801
$964,280
28.1%
$282
$316
12.0%
69
63
-8.7%
$1,445,000
$2,500,000
73.0%
34
25
-26.5%
96.6%
92.7%
-4.1%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
HANGEN RANCH January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$702,500
$990,438
41.0%
$258
$274
6.0%
73
63
-13.7%
$880,000
$1,625,000
84.7%
4
4
0.0%
96.9%
95.2%
-1.8%
41.0%
The average price in the neighborhood of Hangen Ranch increased by 41.0% January through June 2017, compared to that of 2016.
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HIWAN COUNTRY CLUB January through June Average Price
2016
$781,125
17.2%
$283
$318
12.2%
42
3
-92.9%
$805,000
$916,000
13.8%
15
8
-46.7%
97.7%
101.1%
3.5%
Average Days on Market
Properties Sold % Sold Price to List Price
11.4%
January through June 2017, the average price per square foot for the neighborhood of Hiwan Hills increased by 11.4% compared to that of 2016.
% Change
$666,683
Average Price per Square Foot
Highest Price
2017
HIWAN HILLS January through June Average Price
2016
$523,000
-7.1%
$264
$294
11.4%
16
11
-31.3%
$872,000
$620,000
-28.9%
12
3
-75.0%
98.2%
102.8%
4.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$562,717
Average Price per Square Foot
Highest Price
2017
LOOKOUT MOUNTAIN January through June
2016
Average Price
$660,400
$671,625
1.7%
$295
$283
-4.2%
55
40
-27.3%
$899,500
$838,500
-6.8%
10
8
-20.0%
96.3%
96.4%
0.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
MICROMARKET REPORT | Foothills livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
MT. VERNON COUNTRY CLUB January through June
2016
Average Price
$804,500
34.2%
$261
$306
17.2%
47
46
-2.1%
$681,000
$859,000
26.1%
2
2
0.0%
90.2%
99.6%
10.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$599,500
Average Price per Square Foot
Highest Price
2017
RIDGE AT HIWAN January through June Average Price
2016
$924,135
3.3%
$294
$280
-4.5%
88
84
-4.5%
$1,562,500
$1,500,000
-4.0%
17
8
-52.9%
95.1%
97.1%
2.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$894,912
Average Price per Square Foot
Highest Price
2017
20.5%
The average price in the neighborhood of Ridge at Hiwan increased by 20.5% January through June 2017 compared to Q1 2016.
RIVA CHASE January through June
2016
Average Price
$990,000
$879,333
-11.2%
$230
$254
10.7%
169
49
-71.0%
$1,100,000
$1,100,000
0.0%
3
3
0.0%
93.2%
96.9%
4.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
coloradomicroreports.com
100.3%
January through June 2017, the average price per square foot in the neighborhood of Shadow Mountain increased by 100.3% compared to that of 2016.
SHADOW MOUNTAIN January through June Average Price
2016
$577,220
82.9%
$147
$294
100.3%
26
67
157.7%
$577,500
$1,260,000
118.2%
4
10
150.0%
91.7%
96.3%
5.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$315,625
Average Price per Square Foot
Highest Price
2017
SODA CREEK January through June
2016
2017
Average Price
$1,274,569
$1,451,318
13.9%
$284
$327
15.4%
126
185
46.8%
$2,913,550
$3,000,000
3.0%
8
11
37.5%
86.6%
92.7%
7.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
SPRING RANCH January through June Average Price
Spring Ranch is a quiet neighborhood with beautiful, stately homes and quick access to I-70.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$1,223,000
$1,553,333
27.0%
$231
$398
72.1%
6
318
5200.0%
$1,223,000
$2,100,000
71.7%
1
3
200.0%
98.0%
92.6%
-5.5%
MICROMARKET REPORT | Foothills livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
TANOA January through June
2016
2017
Average Price
$826,000
$853,500
3.3%
$244
$279
14.0%
75
40
-46.7%
$1,135,000
$1,000,000
-11.9%
2
2
0.0%
95.4%
98.1%
2.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
UPPER BEAR CREEK January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$755,000
$1,860,000
146.4%
$321
$1,042
224.5%
195
74
-62.1%
$755,000
$1,860,000
146.4%
1
1
0.0%
95.0%
93.0%
-2.1%
NUMBER OF STUDENTS PER TEACHER IN EVERGREEN: 18
Located near Evergreen, Upper Bear Creek features an assortment of historic estates and new homes, many with creek-side settings, and lush meadow and Mt. Evans views.
PERCENTAGE OF HOME APPRECIATION 2016-17: 9
AVERAGE COMMUTE TIME TO METRO DENVER: 30 MINUTES
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THE VOICE OF COLORADO REAL ESTATE
600 Chateau V Road, Evergreen
14
1
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coloradomicroreports.com | livsothebysrealty.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.