Q2 2021
Micro Market Report FOOTHILLS
4128 Wild Flower Court
577 Bear Meadow Trail
Foothills
MARKET UPDATE
Located between the bustling city of Denver and the worldclass ski resorts within the Rocky Mountains, the Foothills communities create an unparalleled Colorado living experience. Here the best of both worlds is at your fingertips: nature, a close-knit community, adventure, and a lifestyle that can only be found amidst this one-of-a-kind haven in the hills. Positioned along the west corridor within Jefferson County, this collection of neighborhoods includes beloved areas such as Genesee, Hiwan Hills, and Lookout Mountain. Over the course of the last year, homebuyers looking for more space and privacy in a serene setting have flocked to the Foothills to find their dream homes. While much of that momentum in the marketplace continues to push home values upward, a slight decrease in showing activity observed through the start of the summer may give buyers the opportunity they’ve been waiting for to purchase their next home. This seasonal slowdown in showing activity is expected now that consumers are finally able to travel, take a vacation, and visit loved ones, may create a more level playing field for buyers and sellers. LIV Sotheby’s International Realty produced a Mid-Year Micro Market Report comparing real estate data from the Foothills during January through June of 2021 compared to the same time frame in 2020. Jefferson County showed positive increases in several metrics, including a notable 34.3% boost in the total dollar volume sold, which reached $3,188,446,858. Although the number of new listings coming onto the market decreased slightly by 0.6%, the number of sold listings grew by 10.4%. During the first half of the year, there were 5,253 homes sold within the Foothills communities. The average price of those homes sold showed a 21.6% appreciation compared to the same period in 2020. Through June of this year, the average price for a home in this area was $606,976. The area’s popularity resulted in an increasing number of listings sold within the majority of the Foothills’ neighborhoods. Most notably, Lookout Mountain saw an impressive 300% increase in the number of properties sold, from one property sold through Q2 of 2020 to four properties sold through Q2 of
this year. The Evergreen Meadows neighborhood also experienced a significant rise in home sales during the first half of the year. Here, there were 17 properties sold through June of 2021 – a 183.3% increase from the same time frame last year. Looking at average home prices, Upper Bear Creek reported one of the highest increases in average price, which rose by 66.9% to bring the average price for a home in this community to $1,232,000. In Genesee, home prices climbed 10.6%, making the average property price $1,164,568 through June of 2021. Homes within the Ridge at Hiwan neighborhood have sold much more quickly so far this year than they did through the halfway mark of last year. The average days listings spent on the market in this neighborhood decreased from 57 days through June of 2020 to just eight days so far this year – a 86% decrease. The Bear Mountain community saw an even more drastic decrease in average days on market, falling by 91.7% which left homes in this area on the market for an average of just 11 days. With real estate market conditions that benefit both buyers and sellers, incredible views, and endless opportunities for adventure every day, the Foothills are one of Colorado’s most amazing communities to call home.
JEFFERSON COUNTY January through June
2020
2021
% Change
New Listings
6,419
6,378
-0.6%
Sold Listings (All Properties)
4,756
5,253
10.4%
Average Price (all Properties)
$499,324
$606,976
21.6%
Average Price (single family)
$563,188
$697,082
23.8%
25
12
-52.0%
100.0%
104.3%
4.3%
$2,374,784,688
$3,188,446,858
34.3%
Average Days on Market % Sold Price to Original List Price Total Dollar Volume Sold
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. Lookout Mountain
16. Soda Creek
2. Brook Forest
7. Evergreen Park Estates
12. Mt. Vernon Country Club
17. Tanoa
3. Conifer Mountain
8. Genesee
13. Ridge at Hiwan
18. Upper Bear Creek
4. Evergreen Highlands
9. Hangen Ranch
14. Riva Chase
5. Evergreen Meadows
10. Hiwan
15. Shadow Mountain
12
11
16 14 17
8
13 10
18 1 9
7 4
2 6
5
15 3
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY - JUNE 2021 • COLORADOMICROREPORTS.COM
BEAR MOUNTAIN BROOK FOREST 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
29.6%
January through June Average Price Average Price per Square Foot Average Days on Market
2020
2021
% Change
$1,003,250
$1,014,167
1.1%
$313
$464
48.0%
132
11
-91.7%
$1,600,000
$1,600,000
-
4
6
50.0%
89.5%
107.7%
20.4%
2020
2021
% Change
$512,981
$552,633
7.7%
$326
$434
32.9%
24
11
-54.2%
$675,000
$875,000
29.6%
14
15
7.1%
The highest price in Brook Forest
Highest Price
increased by 29.6% January through
Properties Sold
June 2021 compared to that of 2020.
% Sold Price to List Price
97.1%
103.9%
7.0%
January through June
2020
2021
% Change
$561,875
$816,963
45.4%
$342
$327
-4.3%
74
7
-90.5%
$726,000
$1,360,000
87.3%
8
8
-
98.2%
108.1%
10.1%
90.5% The average days on market in Conifer
Mountain decreased by 90.5% January through June 2021 compared to that of 2020.
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
$697,667
$817,778
17.2%
$333
$420
26.4%
8
6
-25.0%
$775,000
$1,015,000
31.0%
3
9
200.0%
98.3%
104.9%
6.7%
2020
2021
% Change
$683,750
$1,011,259
47.9%
$340
$378
11.1%
76
22
-71.1%
$850,000
$1,400,000
64.7%
6
17
183.3%
95.1%
100.2%
5.4%
2020
2021
% Change
$628,260
$945,000
50.4%
$307
$627
103.9%
26
6
-76.9%
$815,000
$1,220,000
49.7%
6
3
-50.0%
98.0%
109.6%
11.8%
Evergreen Highlands is a 230-home community along the front range of the Rocky Mountains. Residents love Evergreen Highlands for the community’s array of amenities, including tennis and volleyball courts, playgrounds, a trout pond, stables, and more.
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
January through June
2021
EVERGREEN MEADOWS
January through June
2020
EVERGREEN HIGHLANDS
January through June
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.
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
January through June
GENESEE
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold
HANGEN RANCH
% Sold Price to List Price
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.
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$685,980
$732,000
6.7%
$350
$373
6.4%
74
10
-86.5%
$949,900
$860,000
-9.5%
5
4
-20.0%
98.7%
111.1%
12.5%
2020
2021
% Change
$1,052,800
$1,164,568
10.6%
$378
$441
16.7%
57
15
-73.7%
$3,100,000
$1,870,000
-39.7%
18
22
22.2%
94.6%
101.6%
7.4%
2020
2021
% Change
$550,000
$1,100,000
100.0%
$515
$787
52.8%
43
6
-86.0%
$550,000
$1,100,000
100.0%
1
1
-
98.2%
112.8%
14.9%
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
$947,583
$1,361,775
43.7%
$336
$465
38.3%
17
22
29.4%
$1,240,000
$2,675,000
115.7%
6
8
33.3%
98.9%
102.0%
3.1%
2020
2021
% Change
$673,750
$967,831
43.6%
$342
$424
24.2%
35
9
-74.3%
$848,000
$1,386,850
63.5%
8
8
-
99.2%
105.7%
6.6%
2020
2021
% Change
$1,250,000
$1,046,750
-16.3%
$257
$434
68.8%
113
28
-75.2%
$1,250,000
$1,345,000
7.6%
1
4
300.0%
89.3%
110.1%
23.3%
43.7% The average price in the neighborhood of Hiwan Country Club increased by 43.7% January through June 2021 compared to that of 2020.
74.3% The average days on market in Hiwan Hills decreased by 74.3% January through June 2021 compared to that of 2020.
68.8% The average price per square foot in
Lookout Mountain increased by 68.8% January through June 2021 compared to that of 2020.
LOOKOUT MOUNTAIN
January through June
2021
HIWAN HILLS
January through June
2020
HIWAN COUNTRY CLUB
January through June
MT. VERNON COUNTRY CLUB
RIDGE AT HIWAN RIVA CHASE
Mt. Vernon Country Club is one of the oldest, private clubs in the Denver Metro area, offering spectacular views, amenities, social events, and gorgeous nearby home sights.
43.5%
January through June
2020
2021
% Change
Average Price
-
$824,167
-
Average Price per Square Foot
-
$341
-
Average Days on Market
-
12
-
Highest Price
-
$1,044,500
-
No Sales
3
-
-
101.1%
-
2020
2021
% Change
$1,113,571
$1,416,086
27.2%
$323
$430
32.9%
57
8
-86.0%
$1,310,000
$1,880,000
43.5%
7
14
100.0%
93.8%
103.8%
10.7%
2020
2021
% Change
$1,205,500
$1,500,000
24.4%
$360
$296
-17.8%
19
165
768.4%
$1,251,000
$1,850,000
47.9%
2
2
-
95.5%
94.2%
-1.4%
Properties Sold % Sold Price to List Price
January through June Average Price Average Price per Square Foot Average Days on Market
The highest price in the neighborhood
Highest Price
of Ridge at Hiwan increased by 43.5%
Properties Sold
January through June 2021 compared to that of 2020.
% Sold Price to List Price
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
$527,600
$826,008
56.6%
$346
$427
23.7%
83
4
-95.2%
$620,000
$950,000
53.2%
4
3
-25.0%
94.9%
105.4%
11.0%
2020
2021
% Change
$1,749,143
$2,297,450
31.3%
$418
$482
15.3%
160
41
-74.4%
$3,300,000
$4,775,150
44.7%
7
7
-
92.7%
97.8%
5.5%
2020
2021
% Change
$1,514,667
$2,495,000
64.7%
$423
$703
66.1%
18
11
-38.9%
$1,675,000
$2,495,000
49.0%
3
1
-66.7%
98.3%
100.0%
1.8%
Shadow Mountain, located in beautiful Conifer, is surrounded by hiking trails and offers residences easy access to Staunton State Park.
64.7% The average price in Spring Ranch increased by 64.7% January through June 2021 compared to that of 2020.
SPRING RANCH
January through June
2021
SODA CREEK
January through June
2020
SHADOW MOUNTAIN
January through June
January through June
TANOA
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold
UPPER BEAR CREEK
% Sold Price to List Price
49.4% The average price per square foot in
Upper Bear Creek increased by 49.4% January through June 2021 compared to that of 2020.
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$815,250
$1,050,714
28.9%
$342
$446
30.4%
86
10
-88.4%
$915,000
$1,600,000
74.9%
4
7
75.0%
98.2%
103.0%
4.9%
2020
2021
% Change
$738,333
$1,232,000
66.9%
$325
$485
49.4%
40
26
-35.0%
$1,050,000
$1,720,000
63.8%
3
5
66.7%
95.5%
101.0%
5.8%
MICROMARKET REPORT | Foothills JANUARY - JUNE 2021 • COLORADOMICROREPORTS.COM