Foothills | Quarter 2, 2022

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