NEIGHBORHOOD MICROMARKET REPORT |
January through June
2016
2017
% Change
Average Price Foothills • Quarter 1 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
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: 92 Whiskey Jay Hill Road, Evergreen
coloradomicroreports.com
FOOTHILLS AREA Market Introduction The Foothills Area Micro Market Report (MMR), prepared by LIV Sotheby’s International Realty, compares 2017 Q1 statistics (January through March), to that of 2016, for single family homes and attached dwellings. 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. Highlights from the Foothills area include Hangen Ranch’s average price rising to $1,078,917, up 84.4% since 2016- and for the first time, surpassing the $1M price point. Evergreen Meadows’s average price rose, 42.8%, to $599,777, over 2016. Evergreen Highlands’s average price rose slightly, up 37.7% to $692,500 over 2016. 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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Q1 2017 Highlights: • Hangen Ranch’s average price is $1,078,917
84.3%
• Evergreen Highland’s average price is $692,500
37.7%
• Evergreen Meadow’s average price is $599,777
42.8%
• Soda Creeks’s average price is $1,569,000
83.5%
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 QUARTER 1 2017 • COLORADOMICROREPORTS.COM
BEAR MOUNTAIN January through March
2016
2017
% Change
Average Price
-
$759,333
-
Average Price per Square Foot
-
$316
-
Average Days on Market
-
301
-
Highest Price
-
$1,160,000
-
No Sales
3
-
-
88.1%
-
Properties Sold % Sold Price to List Price
BROOK FOREST January through March Average Price
2016
$374,625
-1.7%
$242
$347
43.3%
30
29
-3.3%
$381,000
$597,500
56.8%
5
4
-20.0%
100.3%
97.4%
-2.9%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$381,000
Average Price per Square Foot
Highest Price
2017
43.3%
During Q1 2017, the average price per square foot in the neighborhood of Brook Forest increased by 43.3% compared to Q1 2016.
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
2016
2017
% Change
$435,150
$578,750
33.0%
$528
$232
-56.1%
33
210
536.4%
$516,600
$840,000
62.6%
4
6
50.0%
99.2%
95.2%
-4.0%
coloradomicroreports.com
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 March
2016
2017
Average Price
$503,000
$692,500
37.7%
$230
$270
17.2%
113
17
-85.0%
$530,000
$700,000
32.1%
2
2
0.0%
88.2%
101.3%
14.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
EVERGREEN MEADOWS January through March
2016
Average Price
$420,000
$599,777
42.8%
$186
$207
11.2%
24
69
187.5%
$420,000
$760,000
81.0%
1
7
600.0%
85.9%
95.8%
11.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
3.1%
The percent sold price to list price for the neighborhood of Evergreen Meadows West increased by 3.1% in Q1 2017 compared to Q1 2016.
2017
% Change
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
2016
2017
% Change
$653,475
$489,667
-25.1%
$163
$236
44.7%
207
21
-89.9%
$1,231,400
$611,000
-50.4%
4
3
-25.0%
93.3%
96.1%
3.1%
MICROMARKET REPORT | Foothills livsothebysrealty.com
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
EVERGREEN PARK ESTATES January through March
2016
Average Price
-
-
$220
-
-
2
-
-
$485,000
-
-
2
No Sales
-
100.6%
-
-
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$455,050
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 March
2016
Average Price
% Change
$705,333
$816,071
15.7%
$263
$303
15.2%
111
72
-35.1%
$1,325,000
$1,090,000
-17.7%
15
7
-53.3%
97.6%
94.8%
-2.9%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
HANGEN RANCH January through March
2016
2017
Average Price
$585,000
$1,078,917
84.4%
$304
$294
-3.2%
162
80
-50.6%
$585,000
$1,625,000
177.8%
1
3
200.0%
97.7%
94.2%
-3.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
84.4%
The average price in the neighborhood of Hangen Ranch increased by 84.4% in Q1 2017 compared to Q1 2016.
coloradomicroreports.com
HIWAN COUNTRY CLUB January through March Average Price
2016
$775,125
25.7%
$312
$269
-13.8%
4
4
0.0%
$688,000
$915,000
33.0%
5
4
-20.0%
100.0%
100.4%
0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
24.7%
During Q1 2017, the average price per square foot for the neighborhood of Hiwan Hills increased by 24.7% compared to Q1 2016.
% Change
$616,600
Average Price per Square Foot
Highest Price
2017
HIWAN HILLS January through March Average Price
2016
$474,500
-14.7%
$231
$288
24.7%
40
6
-85.0%
$872,000
$489,000
-43.9%
4
2
-50.0%
98.5%
104.1%
5.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$556,475
Average Price per Square Foot
Highest Price
2017
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
2016
2017
% Change
$738,167
$584,500
-20.8%
$322
$278
-13.8%
61
21
-65.6%
$899,500
$675,000
-25.0%
3
2
-33.3%
96.8%
96.6%
-0.2%
MICROMARKET REPORT | Foothills livsothebysrealty.com
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
MT. VERNON COUNTRY CLUB January through March
2016
Average Price
2017
% Change
$681,000
$859,000
26.1%
Average Price per Square Foot
272
$296
8.7%
Average Days on Market
139
84
-39.6%
$681,000
$859,000
26.1%
1
1
0.0%
72.1%
97.7%
35.6%
Highest Price Properties Sold % Sold Price to List Price
RIDGE AT HIWAN January through March Average Price
2016
$1,009,333
20.5%
$295
$292
-1.2%
90
113
25.6%
$1,300,000
$1,500,000
15.4%
9
3
-66.7%
98.4%
97.4%
-1.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$837,444
Average Price per Square Foot
Highest Price
2017
20.5%
The average price in the neighborhood of Ridge at Hiwan increased by 20.5% in Q1 2017 compared to Q1 2016.
RIVA CHASE January through March
2016
Average Price
$1,027,500
$1,100,000
7.1%
$232
$246
6.1%
174
130
-25.3%
$1,100,000
$1,100,000
0.0%
2
1
-50.0%
92.1%
91.9%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
coloradomicroreports.com
60.2%
During Q1 2017, the average price per square foot in the neighborhood of Shadow Mountain increased by 60.2% compared to Q1 2016.
SHADOW MOUNTAIN January through March Average Price
2016
$683,040
128.3%
$192
$308
60.2%
34
59
73.5%
$577,500
$1,260,000
118.2%
3
5
66.7%
90.0%
94.9%
5.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$299,167
Average Price per Square Foot
Highest Price
2017
SODA CREEK January through March
2016
Average Price
$855,000
$1,569,000
83.5%
$204
$313
53.4%
158
184
16.5%
$855,000
$3,000,000
250.9%
1
5
400.0%
77.7%
90.4%
16.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
SPRING RANCH January through March
Spring Ranch is a quiet neighborhood with beautiful, stately homes and quick access to I-70.
2016
2017
% 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
MICROMARKET REPORT | Foothills livsothebysrealty.com
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
TANOA January through March
2016
2017
% Change
Average Price
-
$707,000
-
Average Price per Square Foot
-
$237
-
Average Days on Market
-
79
-
Highest Price
-
$707,000
-
No Sales
1
-
-
96.2%
-
Properties Sold % Sold Price to List Price
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
2016
2017
% Change
$812,500
-
-
$179
-
-
30
-
-
$812,500
-
-
1
No Sales
-
92.9%
-
-
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
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.