QUARTER 2 2022
Micro Market Report FOOTHILLS
1992 Montane Drive
33000 Serendipity Trail
Foothills
FOOTHILLS
NEIGHBORHOODS
MARKET UPDATE 1.
Bridging the Denver Metro and the mountain communities, the Foothills benefit from a unique combination of natural beauty, convenience to both urban and outdoor recreation, and some of the most amazing neighborhoods to call ‘home.’ Situated within the west corridor of Jefferson County, this collection of neighborhoods including beloved areas such as Genesee, Hiwan Hills, and Lookout Mountain, provides more privacy and space than other areas of Denver Metro and gives its residents a taste of mountain living. LIV Sotheby’s International Realty produced a Q2 Micro Market Report comparing real estate data from the Foothills from January through June of 2022 compared to the same time frame in 2021. Homes in this area appreciated by 18.2%, increasing the average price for all property types from $606,976 through Q2 of 2021 to $717,146 through Q2 of this year. This increase in average sale price boosted the total dollar volume sold in Jefferson County by 0.5%, bringing the total to $3,623,020,133. As the real estate market continues its return to more typical buying and selling patterns, the number of homes sold in the Foothills decreased slightly. In January through June of this year, compared to the same period last year, there were 3.8% fewer homes sold. With 1.4% more new inventory entering the market, homebuyers had more opportunities to purchase their dream home than in previous years which resulted in buying and selling increases in several individual neighborhoods within this community. Hiwan Country Club proved to be one of the most popular neighborhoods to buy homes in this year with 19 homes sold through June. Genesee and Conifer Mountain also yielded some of the highest number of homes sold, with 17 and 12 properties sold respectively. Looking at average home prices, many neighborhoods experienced appreciation through June of this year compared to the same period in 2021. In the Ridge at Hiwan neighborhood, home prices rose by 19% to reach an average sale price of $1,684,589. Shadow Mountain offered the most
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
affordability to homebuyers through Q2 with an average sale price of $703,200. The Soda Creek neighborhood saw the most expensive sale so far this year for the Foothills community. Here, a home sold for an impressive price of $4,598,500 which demonstrates that luxury homes in the area are still in high demand.
13 17
While the average time spent on the market for all of Jefferson County was just 10 days, several Foothills neighborhoods experienced much quicker market speeds through the first half of the year. In Brook Forest, homes spent an average of eight days on the market. Genesee also saw homes spending slightly more time on the market through Q2—averaging 20 days through June. The sustained momentum in the housing market illustrates that the demand for Foothills homes is still strong.
12
18 15 19
8
10 14
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.
11 20 1 9
FOOTHILLS January through June
2021
2022
6,378
6,467
1.4%
Sold Listings (All Properties)
5,253
5,052
-3.8%
Average Price (All Properties)
$606,976
$717,146
18.2%
Average Price (Single Family)
$697,082
$819,467
17.6%
12
10
-16.7%
104.3%
104.8%
0.5%
$3,188,446,858
$3,623,020,133
0.5%
% Sold Price to Original List Price Total Dollar Volume Sold
4
% Change
New Listings
Average Days on Market
7
2 6
5
16 3
Counties: Jefferson
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.
MICRO MARKET REPORT | Foothills coloradomicroreports.com
livsothebysrealty.com
JANUARY - JUNE 2022 • COLORADOMICROREPORTS.COM
BEAR MOUNTAIN BROOK FOREST
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price
Forest increased by 26.0% in the first half
Properties Sold
of 2022 compared to that of 2021.
% 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
2022
% Change
January through June
$1,014,167
$1,644,286
62.1%
Average Price
$464
$572
23.3%
Average Price Per Square Foot
11
30
172.7%
Average Days on Market
$1,600,000
$2,900,000
81.3%
Highest Price
6
7
16.7%
Properties Sold
107.7%
100.4%
-6.8%
% Sold Price to List Price
2021
2022
% Change
$552,633
$758,470
37.2%
Average Price
$434
$546
26.0%
Average Price Per Square Foot
11
8
-27.3%
Average Days on Market
$875,000
$1,400,000
60.0%
Highest Price
15
10
-33.3%
Properties Sold
103.9%
104.0%
0.1%
2021
2022
% Change
$816,963
$881,567
7.9%
$327
$487
48.9%
Average Price Per Square Foot
7
6
-14.3%
Average Days on Market
$1,360,000
$1,200,000
-11.8%
Highest Price
8
12
50.0%
Properties Sold
108.1%
106.9%
-1.1%
January through June
% Sold Price to List Price
January through June Average Price
% Sold Price to List Price
33.8%
2021
2022
% Change
$817,778
$1,110,000
35.7%
$420
$562
33.8%
6
5
-16.7%
$1,015,000
$1,210,000
19.2%
The average price per square foot in
9
2
-77.8%
Evergreen Highlands increased by
104.9%
116.7%
11.3%
2021
2022
% Change
$1,011,259
$1,216,375
20.3%
$378
$471
24.8%
22
5
-77.3%
$1,400,000
$1,650,000
17.9%
17
8
-52.9%
100.2%
105.8%
5.5%
2021
2022
% Change
$945,000
$1,090,000
15.3%
$627
$400
-36.2%
6
4
-33.3%
$1,220,000
$1,400,000
14.8%
3
3
0.0%
109.6%
106.4%
-3.0%
33.8% in the first half of 2022 compared to that of 2021.
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
CONIFER MOUNTAIN
The average price per square foot in Brook
Average Price
2021
EVERGREEN MEADOWS
26.0%
January through June
EVERGREEN HIGHLANDS
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.
EVERGREEN PARK ESTATES
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
GENESEE
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold
93.2%
January through June Average Price Average Price Per Square Foot Average Days on Market
The highest sale price in Hangen Ranch
Highest Price
increased by 93.2% in the first half of
Properties Sold
2022 compared to that of 2021.
% Sold Price to List Price
% Change
January through June
$732,000
$1,163,300
58.9%
Average Price
$373
$784
110.4%
Average Price Per Square Foot
10
60
500.0%
$860,000
$1,450,000
68.6%
4
3
-25.0%
111.1%
105.2%
-5.3%
2021
2022
% Change
$1,164,568
$1,709,064
46.8%
Average Price
$441
$574
30.0%
Average Price Per Square Foot
15
25
66.7%
Average Days on Market
$1,870,000
$2,655,000
42.0%
Highest Price
22
17
-22.7%
Properties Sold
101.6%
98.3%
-3.3%
2021
2022
% Change
$1,100,000
$2,050,000
86.4%
Average Price
$787
$745
-5.4%
Average Price Per Square Foot
6
5
-16.7%
Average Days on Market
$1,100,000
$2,125,000
93.2%
Highest Price
1
2
100.0%
112.8%
141.7%
25.6%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
January through June
% Sold Price to List Price
January through June
Properties Sold % Sold Price to List Price
2021
2022
% Change
$1,328,063
$1,420,624
7.0%
$399
$540
35.3%
22
8
-63.6%
$2,675,000
$1,831,100
-31.5%
19
19
0.0%
99.5%
105.7%
6.2%
2021
2022
% Change
$967,831
$1,224,000
26.5%
$424
$563
32.6%
9
15
66.7%
$1,386,850
$1,753,000
26.4%
8
7
-12.5%
105.7%
108.9%
3.0%
2021
2022
% Change
$1,046,750
$1,065,000
1.7%
$434
$706
62.5%
28
3
-89.3%
$1,345,000
$1,200,000
-10.8%
4
3
-25.0%
110.1%
113.5%
3.1%
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.
89.3%
The average number of days on market in
Lookout Mountain decreased by 89.3% in the first half of 2022 compared to that of 2021.
LOOKOUT MOUNTAIN
HANGEN RANCH
% Sold Price to List Price
2022
HIWAN HILLS
January through June
2021
HIWAN COUNTRY CLUB
Evergreen Park Estates is a quiet area with most homesites between one to two acres. This area is located conveniently close to Alderfer/Three Sisters Park and is about 10 minutes to local shopping.
MT. VERNON COUNTRY CLUB
RIDGE AT HIWAN
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
19.0%
January through June Average Price Average Price Per Square Foot Average Days on Market
The average home price in Ridge at
Highest Price
Hiwan increased by 19.0% in the first half
Properties Sold
of 2022 compared to that of 2021.
% 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
January through June
$824,167
$840,000
1.9%
$341
$551
61.6%
12
31
158.3%
$1,044,500
$1,100,000
5.3%
Highest Price
3
3
0.0%
Properties Sold
101.1%
102.3%
1.1%
2021
2022
% Change
$1,416,086
$1,684,589
19.0%
Average Price
$430
$489
13.8%
Average Price Per Square Foot
8
9
12.5%
Average Days on Market
$1,880,000
$2,050,000
9.0%
Highest Price
14
14
0.0%
Properties Sold
103.8%
99.3%
-4.3%
2021
2022
% Change
$1,500,000
$1,356,667
-9.6%
Average Price
$296
$471
59.0%
Average Price Per Square Foot
165
4
-97.6%
Average Days on Market
$1,850,000
$1,510,000
-18.4%
Highest Price
2
3
50.0%
Properties Sold
94.2%
104.2%
10.6%
% Sold Price to List Price
Average Price Average Price Per Square Foot Average Days on Market
% Sold Price to List Price
January through June
% Sold Price to List Price
January through June
2021
2022
% Change
$826,008
$703,200
-14.9%
$427
$483
12.9%
4
3
-25.0%
$950,000
$960,000
1.1%
3
5
66.7%
105.4%
111.7%
6.0%
2021
2022
% Change
$2,297,450
$2,822,125
22.8%
$482
$535
10.9%
41
39
-4.9%
$4,775,150
$4,598,500
-3.7%
7
4
-42.9%
97.8%
101.6%
3.8%
2021
2022
% Change
$2,495,000
$2,200,000
-11.8%
$703
$564
-19.7%
11
14
27.3%
$2,495,000
$2,200,000
-11.8%
1
1
0.0%
100.0%
100.0%
0.0%
Shadow Mountain, located in beautiful Conifer, is surrounded by hiking trails and offers residences easy access to Staunton State Park.
22.8%
The average home price in Soda Creek
increased by 22.8% in the first half of 2022 compared to that of 2021.
SPRING RANCH
January through June
2022
SODA CREEK
RIVA CHASE
Average Price
2021
SHADOW MOUNTAIN
January through June
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 June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % 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
2021
2022
% Change
$1,050,714
-
-
$446
-
-
10
-
-
$1,600,000
-
-
7
No Sales
-
103.0%
-
-
2021
2022
% Change
$1,232,000
$2,450,000
98.9%
$485
$482
-0.7%
26
4
-84.6%
$1,720,000
$3,900,000
126.7%
5
2
-60.0%
101.0%
100.5%
-0.5%
among the trees The definition of paradise depends on your point of view. Find a home that makes each day more extraordinary than the last with LIV Sotheby’s International Realty.
303.674.3200 | livsothebysrealty.com
MICRO MARKET REPORT | Foothills JANUARY - JUNE 2022 • COLORADOMICROREPORTS.COM