NEIGHBORHOOD MICROMARKET REPORT |
January through June
2016
2017
% Change
Average Price Foothills • January-September 2017 Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
MICROMARKET REPORT | Denver Metro 303.893.3200
page 1
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
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: 34750 Fox Ridge Road, Evergreen
coloradomicroreports.com
FOOTHILLS AREA Market Introduction The Foothills of Denver metro and its surrounding areas remain popular places to live based on the many positive economic variables that living in the Colorado Foothills affords. Located in western Jefferson County, the Foothills include higher terrain areas between 6,000 and 9,000 feet west of Denver that parallel the Front Range Mountains. The foothills are consistently rated as some of the best places to live, work, and raise a family in Colorado, and provide much closer proximity to weekend getaways in the mountains. The foothills stretch from Roxborough State Park, north, to the west side of Fort Collins. Cities and towns in the foothills region included in this report include Evergreen, Genesee and Conifer. The Foothills Area Micro Market Report, prepared by LIV Sotheby’s International Realty, compares January-September 2017 statistics (January through September), to that of 2016, for single family homes and attached dwellings. Highlights from the Foothills area include Soda Creek’s average price rising significantly, up 21.3% to $1,538,893 over 2016. Hangen Ranch’s average price rose to $953,625, up 35.7% since 2016. Evergreen Highlands’s average price rose 11.6%, to $642,500, over 2016. A continued strong demand in the Foothills is projected as the result of the many positive economic variables that living in the Colorado Foothills affords.
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January-September 2017 Highlights: • Hangen Ranch’s average price is $953,625
35.7%
• Evergreen Highland’s average price is $642,500
11.6%
• Evergreen Park Estates’s average price is $604,333
11.4%
• Soda Creek’s average price is $1,538,893
21.3%
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 JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
BEAR MOUNTAIN January through September Average Price
2016
$686,866
-9.5%
$226
$343
51.5%
43
161
274.4%
$1,057,000
$1,160,000
9.7%
5
8
60.0%
96.2%
92.1%
-4.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$759,360
Average Price per Square Foot
Highest Price
2017
BROOK FOREST January through September Average Price
2016
$494,753
38.9%
$276
$326
17.8%
17
27
58.8%
$485,000
$1,800,000
271.1%
17
19
11.8%
99.4%
99.3%
-0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$356,235
Average Price per Square Foot
Highest Price
2017
17.8%
January through September 2017, the average price per square foot in the neighborhood of Brook Forest increased by 17.8% compared to that of 2016.
CONIFER MOUNTAIN January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$510,181
$549,159
7.6%
$239
$276
15.5%
34
76
123.5%
$862,500
$840,000
-2.6%
21
22
4.8%
98.8%
97.0%
-1.8%
coloradomicroreports.com
EVERGREEN HIGHLANDS January through September
Evergreen Highlands is about 12 minutes from Evergreen town center and is about the same distance to Conifer. Homeowners have access to community amenities such as tennis courts, ponds, and a barn.
Average Price
2016
$642,500
11.6%
$238
$275
15.6%
47
19
-59.6%
$715,000
$735,000
2.8%
7
6
-14.3%
95.0%
99.2%
4.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$575,971
Average Price per Square Foot
Highest Price
2017
EVERGREEN MEADOWS January through September Average Price
2016
$633,381
7.3%
$216
$247
14.3%
37
36
-2.7%
$890,000
$1,038,780
16.7%
15
27
80.0%
96.1%
96.9%
0.9%
Average Days on Market
Properties Sold % Sold Price to List Price
31.3%
The average price per square foot for the neighborhood of Evergreen Meadows West increased by 31.3% January through September 2017 compared to that of 2016.
% Change
$590,467
Average Price per Square Foot
Highest Price
2017
EVERGREEN MEADOWS WEST January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$524,767
$540,545
3.0%
$199
$261
31.3%
90
109
21.1%
$1,231,400
$730,000
-40.7%
12
11
-8.3%
98.2%
95.2%
-3.0%
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
EVERGREEN PARK ESTATES January through September
2016
Average Price
$604,333
11.4%
$221
$278
26.0%
27
17
-37.0%
$739,000
$850,000
15.0%
6
6
0.0%
98.9%
97.2%
-1.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$542,517
Average Price per Square Foot
Highest Price
2017
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 September
2016
Average Price
% Change
$727,372
$926,577
27.4%
$288
$307
6.7%
59
61
3.4%
$1,445,000
$2,500,000
73.0%
46
37
-19.6%
97.0%
92.9%
-4.2%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
HANGEN RANCH January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$702,500
$953,625
35.7%
$258
$283
9.7%
73
57
-21.9%
$880,000
$1,625,000
84.7%
4
6
50.0%
96.9%
95.3%
-1.6%
35.7%
The average price in the neighborhood of Hangen Ranch increased by 35.7% January through September 2017, compared to that of 2016.
coloradomicroreports.com
HIWAN COUNTRY CLUB January through September Average Price
2016
$746,615
3.8%
$291
$285
-2.0%
42
8
-81.0%
$1,275,000
$975,000
-23.5%
21
13
-38.1%
97.4%
99.8%
2.5%
Average Days on Market
Properties Sold % Sold Price to List Price
21.1%
January through September 2017, the average price per square foot for the neighborhood of Hiwan Hills increased by 21.1% compared to that of 2016.
% Change
$719,512
Average Price per Square Foot
Highest Price
2017
HIWAN HILLS January through September Average Price
2016
$543,286
2.2%
$273
$331
21.1%
12
21
75.0%
$872,000
$665,000
-23.7%
19
7
-63.2%
99.3%
99.6%
0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$531,495
Average Price per Square Foot
Highest Price
2017
LOOKOUT MOUNTAIN January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$654,380
$672,733
2.8%
$292
$292
0.2%
47
42
-10.6%
$899,500
$1,035,000
15.1%
15
15
0.0%
97.0%
95.5%
-1.6%
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
MT. VERNON COUNTRY CLUB January through September
2016
Average Price
$804,500
34.2%
$261
$306
17.2%
47
46
-2.1%
$681,000
$859,000
26.1%
3
2
-33.3%
90.2%
99.6%
10.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$599,500
Average Price per Square Foot
Highest Price
2017
RIDGE AT HIWAN January through September Average Price
2016
$977,805
4.7%
$296
$196
-33.6%
77
76
-1.3%
$1,800,000
$1,850,000
2.8%
21
15
-28.6%
97.4%
96.3%
-1.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$933,905
Average Price per Square Foot
Highest Price
2017
4.7%
The average price in the neighborhood of Ridge at Hiwan increased by 4.7% January through September 2017 compared to that of 2016.
RIVA CHASE January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$856,500
$871,100
1.7%
$252
$273
8.4%
114
41
-64.0%
$1,100,000
$1,100,000
0.0%
10
5
-50.0%
95.9%
97.1%
1.2%
coloradomicroreports.com
35.2%
January through September 2017, the average price per square foot in the neighborhood of Shadow Mountain increased by 35.2% compared to that of 2016.
SHADOW MOUNTAIN January through September Average Price
2016
$535,547
37.3%
$215
$291
35.2%
13
49
276.9%
$692,500
$1,260,000
81.9%
13
15
15.4%
92.3%
97.1%
5.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$390,158
Average Price per Square Foot
Highest Price
2017
SODA CREEK January through September
2016
Average Price
$1,268,921
$1,538,893
21.3%
$303
$331
9.1%
104
163
56.7%
$2,913,550
$3,000,000
3.0%
12
14
16.7%
90.1%
93.3%
3.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
SPRING RANCH Spring Ranch is a quiet neighborhood with beautiful, stately homes and quick access to I-70.
January through September
2016
2017
Average Price
$1,107,000
$1,553,333
40.3%
$316
$398
25.8%
72
318
341.7%
$1,290,000
$2,100,000
62.8%
4
3
-25.0%
93.0%
92.6%
-0.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM
TANOA January through September Average Price
2016
$727,286
-1.1%
$241
$297
23.5%
51
34
-33.3%
$1,135,000
$1,000,000
-11.9%
3
7
133.3%
97.2%
97.7%
0.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$735,667
Average Price per Square Foot
Highest Price
2017
UPPER BEAR CREEK January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$714,800
$1,187,094
66.1%
$280
$609
117.2%
88
64
-27.3%
$930,000
$1,860,000
100.0%
5
2
-60.0%
94.0%
93.7%
-0.4%
NUMBER OF STUDENTS PER TEACHER IN EVERGREEN: 18
Located near Evergreen, Upper Bear Creek features an assortment of historic estates and new homes, many with creek-side settings, and lush meadow and Mt. Evans views.
PERCENTAGE OF HOME APPRECIATION 2016-17: 9%
AVERAGE COMMUTE TIME TO METRO DENVER: 30 MINUTES
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WE ARE.
THE VOICE OF COLORADO REAL ESTATE
580 Packsaddle Trail, Evergreen
14
1
Exceptional Brand
The life you love.
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.