MICROMARKET REPORT |
Foothills • Mid-Year 2018
FOOTHILLS NEIGHBORHOODS 18
19 14
1 7
6
20
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
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: 6383 Little Cub Creek Road, Evergreen
coloradomicroreports.com
FOOTHILLS market update Paralleling the Front Range Mountains, Foothills communities including Evergreen, Golden, and Genesee offer some of the best city and mountain living Colorado has to offer. Many residents live and work in their mountain community, while others work in Denver but prefer the tranquility of a home on a hillside among the evergreen trees. Natives refer to these areas as the “foothills” because they are small mountains compared to the Rockies further west. One of the biggest Mid-Year 2018 Highlights: benefits of living in the foothills, is that you are that much closer to the area ski resorts, which makes it easy to avoid much of the city traffic • Brook Forest’s average headed west any given day. 12.0%
price is $469,333
Artists of all types flock to these foothill communities, inspired by the natural beauty of the Colorado landscape. Photographers, writers, musicians and architects draw stimulation from the rocks, trees, wildlife and natural surroundings affiliated with foothills-living. In the mid-year Foothills-area Micro Market Report, prepared by LIV Sotheby’s International Realty, year-over-year January through June statistics for single family homes and attached dwellings demonstrated growth in many areas across the board. Highlights from the Foothills area include Brook Forest’s average price rising to $469,333, up 12% since 2017. Hiwan Hill’s average price also rose, up 21.3% to $634,250 over 2017. Lookout Mountain’s average price rose 13.7%, to $763,666, over 2017. Tanoa’s average price rose 15.5%, to $985,400, over 2017.
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• Hiwan Hill’s average price is $634,250
21.3%
• Lookout Mountain’s average price is $763,666
13.7%
• Tanoa’s average price is $985,400
15.5%
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 2018 • COLORADOMICROREPORTS.COM
BEAR MOUNTAIN January through June Average Price
2017
$1,189,640
75.8%
$334
$304
-9.1%
182
35
-80.8%
$1,160,000
$1,900,000
63.8%
5
5
0.0%
92.0%
95.7%
4.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$676,600
Average Price per Square Foot
Highest Price
2018
BROOK FOREST January through June Average Price
2017
$469,333
12.0%
$329
$292
-11.3%
20
43
115.0%
$728,300
$721,000
-1.0%
12
9
-25.0%
99.7%
98.6%
-1.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$418,892
Average Price per Square Foot
Highest Price
2018
12.0%
January through June 2018, the average price in the neighborhood of Brook Forest increased by 12.0% compared to that of 2017.
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
2017
2018
% Change
$561,731
$685,667
22.1%
$274
$297
8.2%
109
14
-87.2%
$840,000
$840,000
0.0%
13
6
-53.8%
97.0%
100.3%
3.4%
coloradomicroreports.com
47.7%
The average price per square foot for the neighborhood of Evergreen Highlands increased by 47.7% January through June 2018 compared to that of 2017.
EVERGREEN HIGHLANDS January through June
2017
Average Price
$605,250
-7.8%
$252
$372
47.7%
12
4
-66.7%
$700,000
$650,000
-7.1%
3
4
33.3%
101.4%
100.7%
-0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$656,667
Average Price per Square Foot
Highest Price
2018
EVERGREEN MEADOWS January through June Average Price
2017
$738,036
17.8%
$245
$244
-0.4%
44
21
-52.3%
$1,038,780
$1,010,000
-2.8%
17
14
-17.6%
95.9%
97.5%
1.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$626,689
Average Price per Square Foot
Highest Price
2018
EVERGREEN MEADOWS WEST January through June Average Price
All residences within Evergreen Meadows boast 2+ acre lots that enjoy sweeping views of the Rocky Mountains.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$533,714
$523,500
-1.9%
$244
$304
24.9%
11
47
327.3%
$730,000
$640,000
-12.3%
7
5
-28.6%
98.1%
102.7%
4.7%
MICROMARKET REPORT | Foothills livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
EVERGREEN PARK ESTATES January through June
2017
Average Price
$685,000
$548,286
-20.0%
$282
$304
7.8%
4
17
325.0%
$685,000
$800,000
16.8%
1
7
600.0%
100.0%
103.5%
3.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
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
2017
Average Price
$964,280
$908,835
-5.7%
$316
$357
13.0%
63
51
-19.0%
$2,500,000
$1,478,000
-40.9%
25
24
-4.0%
92.7%
97.2%
4.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
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
2017
2018
% Change
$990,438
$771,380
-22.1%
$274
$326
19.3%
63
66
4.8%
$1,625,000
$926,000
-43.0%
4
5
25.0%
95.2%
97.6%
2.6%
Situated ideally, just past Three Sisters’ open space park, Hangen Ranch offers large home lots and horse-friendly zoning.
coloradomicroreports.com
HIWAN COUNTRY CLUB January through June Average Price
2017
$867,375
11.0%
$318
$318
-0.1%
3
38
1166.7%
$916,000
$1,800,000
96.5%
8
12
50.0%
101.1%
99.1%
-2.0%
Average Days on Market
Properties Sold % Sold Price to List Price
21.3%
January through June 2018, the average price for the neighborhood of Hiwan Hills increased by 21.3% compared to that of 2017.
% Change
$781,125
Average Price per Square Foot
Highest Price
2018
HIWAN HILLS January through June
2017
Average Price
$523,000
$634,250
21.3%
$294
$245
-16.7%
11
4
-63.6%
$620,000
$750,000
21.0%
3
6
100.0%
102.8%
100.9%
-1.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
LOOKOUT MOUNTAIN January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$671,625
$763,666
13.7%
$283
$335
18.6%
40
34
-15.0%
$838,500
$1,021,401
21.8%
8
8
0.0%
96.4%
98.6%
2.3%
MICROMARKET REPORT | Foothills livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
MT. VERNON COUNTRY CLUB January through June
2017
Average Price
$804,500
$559,000
-30.5%
$306
$289
-5.3%
46
95
106.5%
$859,000
$683,000
-20.5%
2
2
0.0%
99.6%
95.2%
-4.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
RIDGE AT HIWAN January through June Average Price
2017
$1,084,154
17.3%
$280
$329
17.4%
84
37
-56.0%
$1,500,000
$1,435,000
-4.3%
8
13
62.5%
97.1%
96.7%
-0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$924,135
Average Price per Square Foot
Highest Price
2018
The Ridge at Hiwan, conveniently located near I-70, offers residences easy access to rolling hills, open spaces, ponds, and miles of trails.
RIVA CHASE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$879,333
$963,668
9.6%
$254
$285
12.1%
49
188
283.7%
$1,100,000
$1,100,000
0.0%
3
2
-33.3%
96.9%
91.4%
-5.7%
coloradomicroreports.com
3.3%
January through June 2018, the percent sold price to list price in the neighborhood of Shadow Mountain increased by 3.3% compared to that of 2017.
SHADOW MOUNTAIN January through June Average Price
2017
$496,625
-14.0%
$294
$276
-6.2%
67
19
-71.6%
$1,260,000
$772,500
-38.7%
10
4
-60.0%
96.3%
99.5%
3.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$577,220
Average Price per Square Foot
Highest Price
2018
SODA CREEK January through June
2017
2018
Average Price
$1,451,318
$1,357,700
-6.5%
$327
$326
-0.4%
185
136
-26.5%
$3,000,000
$2,212,500
-26.3%
11
11
0.0%
92.7%
93.9%
1.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
SPRING RANCH Located at an elevation of 7,464 feet, Spring Ranch provides 3 plus acre lots, stately homes, and breathtaking mountain views.
January through June
2017
Average Price
$1,553,333
$1,249,606
-19.6%
$398
$419
5.5%
318
119
-62.6%
$2,100,000
$1,500,925
-28.5%
3
4
33.3%
92.6%
95.3%
3.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
MICROMARKET REPORT | Foothills livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
TANOA January through June
2017
Average Price
$853,500
$985,400
15.5%
$279
$352
26.4%
40
30
-25.0%
$1,000,000
$1,375,000
37.5%
2
5
150.0%
98.1%
98.6%
0.5%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price
% Change
15.5%
The average price in the neighborhood of Tanoa increased by 15.5% January through June 2018 compared to that of 2017.
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
2017
2018
% Change
$1,860,000
$800,500
-57.0%
$1,042
$327
-68.6%
74
32
-56.8%
$1,860,000
$950,000
-48.9%
1
4
300.0%
93.0%
98.8%
6.3%
NUMBER OF STUDENTS PER TEACHER IN EVERGREEN: 18
PERCENTAGE OF HOME APPRECIATION 2017-18: 9%
AVERAGE COMMUTE TIME TO METRO DENVER: 30 MINUTES
coloradomicroreports.com
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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.