MICROMARKET REPORT |
Foothills • Quarter 1 2018
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: 580 Packsaddle Trail, Evergreen
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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 Quarter 1 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. 38.9%
price is $520,250
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 year-end Foothills-area Micro Market Report, prepared by LIV Sotheby’s International Realty, year-over-year January through March 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 $520,250, up 38.9% since 2017. Hiwan Hill’s average price also rose, up 28.7% to $610,667 over 2017. Lookout Mountain’s average price rose 17.1%, to $770,958, over 2017. Tanoa’s average price rose a signficant 51.2%, to $1,069,250, over 2017.
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• Hiwan Hill’s average price is $610,667
28.7%
• Lookout Mountain’s average price is $770,958
17.1%
• Tanoa’s average price is $1,069,250
51.2%
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 2018 • COLORADOMICROREPORTS.COM
BEAR MOUNTAIN January through March Average Price
2017
$1,089,500
43.5%
$316
$283
-10.4%
301
72
-76.1%
$1,160,000
$1,275,000
9.9%
3
2
-33.3%
88.1%
91.5%
4.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$759,333
Average Price per Square Foot
Highest Price
2018
BROOK FOREST January through March Average Price
2017
$520,250
38.9%
$347
$300
-13.6%
29
68
134.5%
$597,500
$721,000
20.7%
4
4
0.0%
97.4%
97.7%
0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$374,625
Average Price per Square Foot
Highest Price
2018
38.9%
January through March 2018, the average price in the neighborhood of Brook Forest increased by 39.9% compared to that of 2017.
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
2017
2018
% Change
$578,750
$550,000
-5.0%
$232
$259
11.5%
210
5
-97.6%
$840,000
$555,000
-33.9%
6
1
-83.3%
95.2%
105.7%
11.0%
coloradomicroreports.com
31.8%
The average price per square foot for the neighborhood of Evergreen Highlands increased by 31.8% January through March 2018 compared to that of 2017.
EVERGREEN HIGHLANDS January through March
2017
2018
Average Price
$692,500
$598,000
-13.6%
$270
$355
31.8%
17
2
-88.2%
$700,000
$620,000
-11.4%
2
2
0.0%
101.3%
100.0%
-1.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
EVERGREEN MEADOWS January through March Average Price
2017
$594,500
-0.9%
$207
$240
15.8%
69
44
-36.2%
$760,000
$629,000
-17.2%
7
2
-71.4%
95.8%
95.9%
0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$599,777
Average Price per Square Foot
Highest Price
2018
EVERGREEN MEADOWS WEST January through March 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
$489,667
$505,250
3.2%
$236
$286
21.1%
21
81
285.7%
$611,000
$545,500
-10.7%
3
2
-33.3%
96.1%
98.6%
2.6%
MICROMARKET REPORT | Foothills livsothebysrealty.com
QUARTER 1 2018 • COLORADOMICROREPORTS.COM
EVERGREEN PARK ESTATES January through March
2017
2018
% Change
Average Price
-
$587,333
-
Average Price per Square Foot
-
$333
-
Average Days on Market
-
5
-
Highest Price
-
$800,000
-
No Sales
3
-
-
108.7%
-
Properties Sold % Sold Price to List Price
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
2017
Average Price
% Change
$816,071
$894,755
9.6%
$303
$299
-1.3%
72
81
12.5%
$1,090,000
$1,400,000
28.4%
7
10
42.9%
94.8%
94.5%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price
HANGEN RANCH January through March
2017
2018
Average Price
$1,078,917
$684,950
-36.5%
$294
$275
-6.5%
80
156
95.0%
$1,625,000
$779,900
-52.0%
3
2
-33.3%
94.2%
93.7%
-0.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
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 March Average Price
2017
$795,250
2.6%
$269
$304
13.0%
4
70
1650.0%
$915,000
$850,000
-7.1%
4
6
50.0%
100.4%
99.4%
-1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
28.7%
January through March 2018, the average price for the neighborhood of Hiwan Hills increased by 7.1% compared to that of 2017.
% Change
$775,125
Average Price per Square Foot
Highest Price
2018
HIWAN HILLS January through March Average Price
2017
$610,667
28.7%
$288
$263
-8.8%
6
2
-66.7%
$489,000
$715,000
46.2%
2
3
50.0%
104.1%
101.6%
-2.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$474,500
Average Price per Square Foot
Highest Price
2018
LOOKOUT MOUNTAIN January through March
2017
Average Price
$584,500
$770,958
31.9%
$278
$320
15.4%
21
61
190.5%
$675,000
$1,021,401
51.3%
2
4
100.0%
96.6%
96.6%
0.0%
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
QUARTER 1 2018 • COLORADOMICROREPORTS.COM
MT. VERNON COUNTRY CLUB January through March
2017
Average Price
$859,000
$559,000
-34.9%
$296
$289
-2.2%
84
95
13.1%
$859,000
$683,000
-20.5%
1
2
100.0%
97.7%
95.2%
-2.6%
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 March Average Price
2017
$1,030,000
2.0%
$292
$304
4.4%
113
86
-23.9%
$1,500,000
$1,435,000
-4.3%
3
4
33.3%
97.4%
92.1%
-5.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,009,333
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 March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$1,100,000
$963,668
-12.4%
$246
$285
15.7%
130
188
44.6%
$1,100,000
$1,100,000
0.0%
1
2
100.0%
91.9%
91.4%
-0.6%
coloradomicroreports.com
2.4%
January through March 2018, the average price per square foot in the neighborhood of Shadow Mountain increased by 2.4% compared to that of 2017.
SHADOW MOUNTAIN January through March
2017
Average Price
$683,040
$377,500
-44.7%
$308
$315
2.4%
59
5
-91.5%
$1,260,000
$505,000
-59.9%
5
2
-60.0%
94.9%
101.5%
6.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
SODA CREEK January through March Average Price
2017
$1,233,000
-21.4%
$313
$297
-5.1%
184
123
-33.2%
$3,000,000
$200,000
-93.3%
5
5
0.0%
90.4%
92.6%
2.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,569,000
Average Price per Square Foot
Highest Price
2018
SPRING RANCH January through March
Located at an elevation of 7,464 feet, Spring Ranch provides 3 plus acre lots, stately homes, and breathtaking mountain views.
2017
2018
% Change
Average Price
-
$1,311,250
-
Average Price per Square Foot
-
$502
-
Average Days on Market
-
23
-
Highest Price
-
$1,450,000
-
No Sales
2
-
-
99.9%
-
Properties Sold % Sold Price to List Price
MICROMARKET REPORT | Foothills livsothebysrealty.com
QUARTER 1 2018 • COLORADOMICROREPORTS.COM
TANOA January through March Average Price
2017
$1,069,250
51.2%
$237
$370
55.8%
79
36
-54.4%
$707,000
$1,375,000
94.5%
1
4
300.0%
96.2%
97.3%
1.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$707,000
Average Price per Square Foot
Highest Price
2018
51.2%
The average price in the neighborhood of Tanoa increased by 51.2% January through March 2018 compared to that of 2017.
UPPER BEAR CREEK January through March
2017
2018
% Change
Average Price
-
$715,000
-
Average Price per Square Foot
-
$295
-
Average Days on Market
-
3
-
Highest Price
-
$715,000
-
No Sales
1
-
-
102.1%
-
Properties Sold % Sold Price to List Price
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.