QUARTER 1 2022
Micro Market Report FOOTHILLS
9074 Eagle Cliff Road
32621 Mount Valentine Drive
Foothills
MARKET UPDATE
The Foothills is a special community comprised of neighborhoods ranging from quaint to captivating, breathtaking natural beauty, and a balance of amenities and open space that is hard to find anywhere else. Positioned along the west corridor within Jefferson County, this collection of neighborhoods including beloved areas such as Genesee, Hiwan Hills, and Lookout Mountain, offer more seclusion and privacy than neighborhoods close to the city. This treasured community continues to be an area that buyers want to call “home.” LIV Sotheby’s International Realty produced a Q1 Micro Market Report comparing real estate data from the Foothills from January through March of 2022 compared to the same time frame in 2021. Homes in this area appreciated by 21%, increasing the average price for all property types from $563,770 during Q1 of 2021 to $682,022 during Q1 of 2022. This increase in average sale price boosted the total dollar volume sold in Jefferson County by 12.6%, bringing the total to $ $1,314,938,662. Overall, the number of homes sold in the Foothills dipped slightly (-7.3%) in comparison to the tremendous growth that was seen at the start of last year. As the market returns to typical seasonal trends, this small decrease is a sign that while the market is still very active, the rate at which it is growing has slowed – creating more opportunities for buyers. Looking at average home prices, many neighborhoods experienced positive appreciation through March of this year compared to the same period in 2021. In Evergreen Meadows, home prices rose by 20.2% to reach an average sale price of $1,296,000. Conifer Mountain offered the most affordability to homebuyers in Q1 with the sale price coming to $757,200. The Upper Bear Creek neighborhood saw the most expensive sale so far this year for the Foothills community. The impressive $3,900,000 sale shows that luxury homes in the area are still in high demand.
enjoyed slower market speeds through the first three months of the year. In Bear Mountain, homes spent an average of 64 days on the market – providing more time to allow buyers to find their dream home in this desirable community. Genesee also saw home spending slightly more time on the market in Q1 – averaging 30 days on the market through March. These communities, and others, offer some reprieve from the breakneck speeds that other real estate markets are continuing to see. With bountiful natural beauty, captivating vistas, and communities that cater to those looking for a mix of mountain living, luxury lifestyles, and everything in between, the Foothills are a wonderful place to call home.
FOOTHILLS January through March
2021
2022
% Change
New Listings
2,431
2,424
-0.3%
2,080
1,928
-7.3%
Average Price (All Properties)
$563,770
$682,022
21.0%
Average Price (Single Family)
$657,800
$777,402
18.2%
17
12
-29.4%
102.1%
105.3%
3.1%
Sold Listings (All Properties)
Average Days on Market % Sold Price to Original List Price
Counties: Jefferson
While the average time spent on the market for all of Jefferson County was just 12 days, several Foothills neighborhoods
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.
coloradomicroreports.com
FOOTHILLS
NEIGHBORHOODS 1.
Bear Mountain
6. Evergreen Meadows West
11. Hiwan Hills
16. Shadow Mountain
2. Brook Forest
7.
12. Lookout Mountain
17. Soda Creek
3. Conifer Mountain
8. Genesee
13. Mt. Vernon Country Club
18. Spring Ranch
4. Evergreen Highlands
9. Hangen Ranch
14. Ridge at Hiwan
19. Tanoa
5. Evergreen Meadows
10. Hiwan Country Club
15. Riva Chase
20. Upper Bear Creek
Evergreen Park Estates
13 17
12
18 15 19
8
10 14 11 20 1 9
7 4
2 6
5
16 3
MICRO MARKET REPORT | Foothills livsothebysrealty.com
JANUARY - MARCH 2022 • COLORADOMICROREPORTS.COM
BEAR MOUNTAIN BROOK FOREST CONIFER MOUNTAIN
Bear Mountain, perched at 8,629 feet in elevation on the eastern side of Evergreen, provides residents with the quintessential Colorado lifestyle experience. This serene community is located approximately 35 minutes west of Denver.
62.4% The average home price in Brook Forest
January through March
2021
2022
% Change
$860,000
$1,112,500
29.4%
$301
$496
64.9%
41
64
56.1%
$860,000
$1,225,000
42.4%
1
2
100.0%
% Sold Price to List Price
87.4%
96.2%
10.1%
January through March
2021
2022
% Change
$482,900
$784,250
62.4%
$469
$387
-17.5%
12
12
0.0%
$875,000
$1,400,000
60.0%
10
4
-60.0%
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold
Average Price Average Price Per Square Foot Average Days on Market Highest Price
increased by 62.4% in the first quarter
Properties Sold
of 2022 compared to that of 2021.
% Sold Price to List Price
103.3%
105.6%
2.2%
January through March
2021
2022
% Change
$638,567
$757,200
18.6%
$289
$500
72.9%
4
9
125.0%
$785,000
$910,000
15.9%
3
5
66.7%
110.5%
101.5%
-8.2%
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
40.5%
2021
2022
% Change
$818,750
$1,010,000
23.4%
$416
$584
40.5%
9
5
-44.4%
$1,015,000
$1,010,000
-0.5%
The average price per square foot in
4
1
-75.0%
Evergreen Highlands increased by
% Sold Price to List Price
103.3%
115.4%
11.7%
January through March
2021
2022
% Change
$1,078,175
$1,296,000
20.2%
$369
$428
15.9%
38
3
-92.1%
$1,392,000
$1,354,000
-2.7%
8
3
-62.5%
% Sold Price to List Price
98.0%
106.5%
8.7%
January through March
2021
2022
% Change
Average Price
-
-
-
Average Price Per Square Foot
-
-
-
Average Days on Market
-
-
-
Highest Price
-
-
-
No Sales
No Sales
-
-
-
-
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold
% Sold Price to List Price
Evergreen Meadows West is located down the road from Flying J Ranch and Arapahoe National Forest. Just 15 minutes from Downtown Evergreen, here you can find quiet home sites on two-plus acres, as well as gorgeous views and a convenient location.
EVERGREEN MEADOWS WEST
Properties Sold
compared to that of 2021.
EVERGREEN MEADOWS
Average Price
40.5% in the first quarter of 2022
EVERGREEN HIGHLANDS
January through March
HANGEN RANCH
January through March
2021
2022
% Change
Average Price
-
-
-
Average Price Per Square Foot
-
-
-
Average Days on Market
-
-
-
Highest Price
-
-
-
No Sales
No Sales
-
% Sold Price to List Price
-
-
-
January through March
2021
2022
% Change
$1,185,905
$1,706,020
43.9%
$418
$568
35.7%
28
30
7.1%
$1,775,300
$2,369,080
33.4%
10
4
-60.0%
% Sold Price to List Price
98.2%
98.5%
0.3%
January through March
2021
2022
% Change
Average Price
-
-
-
Average Price Per Square Foot
-
-
-
Average Days on Market
-
-
-
Highest Price
-
-
-
No Sales
No Sales
-
-
-
-
Properties Sold
Average Price
GENESEE
EVERGREEN PARK ESTATES
Evergreen Park Estates is a quiet area with most homesites between one to two acres. This area is located conveniently to Alderfer/Three Sisters Park and is about 10 minutes or less to local shopping.
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold
Hangen Ranch is a small neighborhood located in South Evergreen, providing a mix of modern, mountain and old-farm-style homes. With views of Mt. Evans and only minutes from Evergreen Lake, Hangen Ranch is perfect for those looking to enjoy the outdoors.
Properties Sold % Sold Price to List Price
HIWAN COUNTRY CLUB
January through March
% Change
$1,103,067
$1,319,333
19.6%
$352
$466
32.4%
53
5
-90.6%
$1,250,000
$1,733,000
38.6%
3
3
0.0%
% Sold Price to List Price
95.3%
104.4%
9.5%
January through March
2021
2022
% Change
$893,333
$961,000
7.6%
$406
$439
8.2%
15
10
-33.3%
$1,200,000
$1,025,000
-14.6%
3
4
33.3%
% Sold Price to List Price
100.5%
109.7%
9.1%
January through March
2021
2022
% Change
$1,093,500
$1,015,000
-7.2%
$396
$683
72.6%
49
3
-93.9%
$1,345,000
$1,015,000
-24.5%
2
1
-50.0%
Mountain decreased by 93.9% in the first
102.3%
123.0%
20.3%
quarter of 2022 compared to that of 2021.
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Hiwan Hills is a community located near the heart of Evergreen. Here you can find a mix of older homes and remodels on private, one+ acre lots. Hiwan Hills is known for having beautiful views and natural landscape, with some home sites featuring stunning views of Mt. Evans.
93.9%
The average days on market in Lookout
LOOKOUT MOUNTAIN
2022
HIWAN HILLS
2021
MT. VERNON COUNTRY CLUB
RIDGE AT HIWAN RIVA CHASE
January through March
2021
2022
% Change
$940,000
$902,500
-4.0%
$307
$547
78.0%
7
41
485.7%
$940,000
$1,100,000
17.0%
1
2
100.0%
% Sold Price to List Price
104.7%
104.8%
0.1%
January through March
2021
2022
% Change
$1,415,867
$1,791,000
26.5%
$385
$468
21.4%
14
4
-71.4%
$1,620,000
$2,050,000
26.5%
6
3
-50.0%
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold
71.4%
Average Price Average Price Per Square Foot Average Days on Market
The average days on market in Ridge at
Highest Price
Hiwan decreased by 71.4% in the first
Properties Sold
quarter of 2022 compared to that of 2021.
% Sold Price to List Price
102.0%
100.7%
-1.3%
January through March
2021
2022
% Change
$1,850,000
$1,437,500
-22.3%
$292
$370
26.6%
258
3
-98.8%
$1,850,000
$1,510,000
-18.4%
1
2
100.0%
92.5%
105.6%
14.2%
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Average Price
-
$817,500
-
Average Price Per Square Foot
-
$432
-
Average Days on Market
-
2
-
Highest Price
-
$960,000
-
No Sales
2
-
% Sold Price to List Price
-
109.6%
-
January through March
2021
2022
% Change
$1,175,000
$1,285,000
9.4%
$533
$307
-42.4%
11
116
954.5%
$1,175,000
$1,285,000
9.4%
1
1
0.0%
% Sold Price to List Price
91.9%
85.7%
-6.7%
January through March
2021
2022
% Change
Average Price
-
-
-
Average Price Per Square Foot
-
-
-
Average Days on Market
-
-
-
Highest Price
-
-
-
No Sales
No Sales
-
-
-
-
Properties Sold
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold
Properties Sold % Sold Price to List Price
Shadow Mountain, located in beautiful Conifer, is surrounded by hiking trails and offers residences easy access to Staunton State Park.
954.5% The average price in Soda Creek increased by 954.5% in the first quarter of 2022 compared to that of 2021.
SPRING RANCH
2022
SODA CREEK
2021
SHADOW MOUNTAIN
January through March
TANOA UPPER BEAR CREEK
Located in North Evergreen, Tanoa is a gorgeous, masterplanned community with close proximity to local schools and Evergreen’s best amenities, including popular restaurants, retail stores, and Elk Meadow Open Space Park.
January through March
2021
2022
% Change
$1,183,333
-
-
$447
-
-
20
-
-
$1,600,000
-
-
3
No Sales
-
% Sold Price to List Price
98.2%
-
-
January through March
2021
2022
% Change
$1,250,000
$3,900,000
212.0%
$361
$450
24.6%
6
4
-33.3%
$1,250,000
$3,900,000
212.0%
1
1
0.0%
104.2%
100.0%
-4.0%
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
among the trees Your home is more than a building or an address. It’s where you experience life, family, connection, growth. Your home should be as exceptional as you are, and as you are going to be. For a lifestyle inspired by your potential, there is only LIV Sotheby’s International Realty.
303.893.3200 | livsothebysrealty.com
MICRO MARKET REPORT | Foothills JANUARY - MARCH 2022 • COLORADOMICROREPORTS.COM