YEAR-END 2021
Micro Market Report FOOTHILLS
34750 Fox Ridge Road
4128 Wild Flower Court
Foothills
MARKET UPDATE
Offering equestrian estates, gorgeous custom homes, quaint mountain cabins, and everything in between, the Foothills is a classic Colorado community that offers scenic views and a nearness to nature that few areas along the Front Range can rival. Situated at the base of the Rocky Mountains, within Jefferson County, the neighborhoods here boast unbeatable views and frequent visits from the state’s local wildlife. Throughout 2021, the Foothills has seen significant increases in real estate activity that benefit both buyers and sellers in the area.
the Foothills may find their ideal home in Brook Forest, where the average price for a home in 2021 was $596,548.
LIV Sotheby’s International Realty produced a Micro Market Report comparing real estate data from 2021 to 2020. Homes in the Foothills appreciated in value by 18.9%, increasing the average price for all property types from $521,731 in 2020 to $620,545 in 2021. This increase in average sale price boosted the total dollar volume sold in Jefferson County by 17.2%, bringing the total to $7,259,130,844.
Balancing open spaces, scenic views, and easy access to both Denver and the mountains, it’s no wonder so many homebuyers wish to invest in the Foothills lifestyle.
Thanks to the lifestyle that the Foothills provides to its residents, the area has become increasingly popular with homebuyers. Several neighborhoods within the community saw the number of properties sold rise over the last year. Shadow Mountain, a lovely community located in Conifer with proximity to hiking trails and Staunton State Park, saw one of the most notable increases in the number of homes sold last year. This neighborhood saw 55.5% more homes sold in 2021 than 2020, reaching a total of 14 properties sold. Evergreen Highlands and Lookout Mountain also saw significant increases in property sales last year, rising by 54.5% and 44.4% respectively. Looking at average home prices, Spring Ranch, an area encompassing 360 acres of pine and aspen trees, reported one of the highest increases in average property prices. The average price of homes here rose by 49.3%, bringing the average price in this community to $2,084,000. Homes located in the Soda Creek neighborhood reached the highest average price out of all communities within the Foothills with an average price of $2,217,117 – 21.7% higher than the average price in 2020. Buyers looking for more affordable homes in
The continued demand for properties in the Foothills resulted in an increased market pace throughout 2021. For example, homes in Conifer Mountain remained on the market for an average of just 11 days last year, which is 65.6% less time than 2020. Buyers looking to take their time in a slightly slower market may find success in Riva Chase, where the average time spent on the market for homes was 90 days in 2021.
FOOTHILLS January through December
2020
2021
% Change
New Listings
12,603
12,350
-2.0%
Sold Listings (All Properties)
11,870
11,698
-1.5%
Average Price (All Properties)
$521,731
$620,545
18.9%
Average Price (Single Family)
$588,843
$705,523
19.8%
22
12
-45.5%
100.0%
102.5%
2.5%
Average Days on Market % Sold Price to Original List Price
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.
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 - DECEMBER 2021 • 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.
53.8% The highest sale price in Brook Forest
January through December
2020
2021
% Change
$965,080
$1,312,266
36.0%
$354
$454
28.4%
61
29
-52.5%
$1,600,000
$2,825,000
76.6%
10
15
50.0%
% Sold Price to List Price
97.4%
101.4%
4.1%
January through December
2020
2021
% Change
$498,174
$596,548
19.7%
$349
$429
23.0%
18
12
-33.3%
$682,500
$1,050,000
53.8%
29
40
37.9%
98.1%
101.9%
4.0%
2020
2021
% Change
$629,955
$819,819
30.1%
$398
$364
-8.5%
32
11
-65.6%
$970,000
$1,400,000
44.3%
20
27
35.0%
102.6%
103.0%
0.4%
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 53.8% in 2021 compared
Properties Sold
to that of 2020.
% Sold Price to List Price
January through December 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
$763,982
$968,404
26.8%
$335
$448
33.4%
10
7
-30.0%
$1,241,800
$1,350,000
8.7%
11
17
54.5%
101.3%
104.7%
3.4%
2020
2021
% Change
$825,369
$977,013
18.4%
$321
$400
24.7%
44
18
-59.1%
$1,300,000
$1,400,000
7.7%
25
31
24.0%
97.6%
100.1%
2.6%
2020
2021
% Change
$663,158
$870,410
31.3%
$350
$467
33.6%
12
13
8.3%
$1,300,000
$1,220,000
-6.2%
12
10
-16.7%
100.8%
102.6%
1.8%
54.5% The number of properties sold in Evergreen Highlands increased by 54.5% in 2021 compared to that of 2020.
33.6% The average price per square foot in Evergreen Meadows West increased by 33.6% in 2021 compared to that of 2020.
EVERGREEN MEADOWS WEST
January through December
2021
EVERGREEN MEADOWS
January through December
2020
EVERGREEN HIGHLANDS
January through December
EVERGREEN PARK ESTATES
83.3%
January through December Average Price Average Price Per Square Foot Average Days on Market
The average days on market in Evergreen
Highest Price
Park Estates decreased by 83.3% in 2021
Properties Sold
compared to that of 2020.
% Sold Price to List Price
January through December
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 December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$666,113
$755,400
13.4%
$378
$474
25.5%
48
8
-83.3%
$949,900
$1,105,000
16.3%
8
10
25.0%
100.7%
105.2%
4.5%
2020
2021
% Change
$1,081,422
$1,323,067
22.3%
$391
$475
21.6%
51
16
-68.6%
$3,300,000
$2,384,000
-27.8%
50
47
-6.0%
95.7%
101.7%
6.3%
2020
2021
% Change
$1,343,000
$1,257,370
-6.4%
$531
$545
2.7%
31
24
-22.6%
$2,926,000
$1,922,222
-34.3%
6
6
0.0%
98.4%
98.2%
-0.2%
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
$945,058
$1,176,733
24.5%
$363
$451
24.3%
40
18
-55.0%
$1,407,000
$2,675,000
90.1%
25
18
-28.0%
98.2%
100.1%
1.9%
2020
2021
% Change
$716,043
$958,119
33.8%
$368
$439
19.1%
20
6
-70.0%
$870,000
$1,386,850
59.4%
24
18
-25.0%
99.8%
106.5%
6.7%
2020
2021
% Change
$1,060,313
$1,207,846
13.9%
$409
$498
21.9%
41
21
-48.8%
$1,550,000
$1,915,000
23.5%
9
13
44.4%
99.3%
102.7%
3.5%
Situated in one of Colorado’s finest golf communities, Hiwan Country Club in Evergreen is a private country club with gorgeous homes, views, and plenty of amenities.
59.4% The highest sale price in Hiwan Hills increased by 59.4% in 2021 compared to that of 2020.
48.8% The average days on market in Lookout Mountain decreased by 48.8% in 2021 compared to that of 2020.
LOOKOUT MOUNTAIN
January through December
2021
HIWAN HILLS
January through December
2020
HIWAN COUNTRY CLUB
January through December
MT. VERNON COUNTRY CLUB
RIDGE AT HIWAN RIVA CHASE
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
84.9%
January through December Average Price Average Price Per Square Foot Average Days on Market
The average days on market in Ridge
Highest Price
at Hiwan decreased by 84.9% in 2021
Properties Sold
compared to that of 2020.
% Sold Price to List Price
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2020
2021
% Change
$863,200
$801,600
-7.1%
$376
$378
0.5%
8
30
275.0%
$1,176,000
$1,044,500
-11.2%
5
7
40.0%
99.0%
98.6%
-0.4%
2020
2021
% Change
$1,129,142
$1,477,514
30.9%
$351
$424
20.8%
53
8
-84.9%
$1,685,000
$2,600,000
54.3%
31
25
-19.4%
94.4%
102.3%
8.3%
2020
2021
% Change
$1,114,955
$1,346,324
20.8%
$340
$441
29.8%
91
90
-1.1%
$1,370,000
$1,850,000
35.0%
11
8
-27.3%
93.6%
96.5%
3.1%
% Change
$643,489
$688,123
6.9%
$379
$411
8.3%
39
15
-61.5%
$1,192,000
$1,240,000
4.0%
9
14
55.6%
% Sold Price to List Price
98.1%
101.1%
3.0%
January through December
2020
2021
% Change
$1,821,943
$2,217,117
21.7%
$411
$483
17.5%
140
39
-72.1%
$3,450,000
$4,775,150
38.4%
21
15
-28.6%
90.3%
94.6%
4.7%
2020
2021
% Change
$1,395,667
$2,084,000
49.3%
$361
$527
45.8%
120
21
-82.5%
$1,675,000
$2,495,000
49.0%
6
5
-16.7%
94.5%
95.1%
0.6%
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
January through December Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
55.6% The number of properties sold in Shadow Mountain increased by 55.6% in 2021 compared to that of 2020.
Soda Creek, located in North Evergreen, is known for its great location, neighborhood ambiance, and lot sizes (fiveplus acres).
49.3%
The average price in Spring Ranch
increased by 49.3% in 2021 compared to that of 2020.
SPRING RANCH
2021
SODA CREEK
2020
SHADOW MOUNTAIN
January through December
TANOA
86.2%
The average days on market in Tanoa
decreased by 86.2% in 2021 compared
UPPER BEAR CREEK
to that of 2020.
January through December
2020
2021
% Change
$1,112,200
$1,094,000
-1.6%
$384
$448
16.6%
94
13
-86.2%
$2,300,000
$1,600,000
-30.4%
5
5
0.0%
% Sold Price to List Price
97.0%
102.5%
5.7%
January through December
2020
2021
% Change
$1,148,566
$1,437,778
25.2%
$371
$487
31.1%
82
29
-64.6%
$2,970,000
$2,970,000
0.0%
10
9
-10.0%
95.7%
98.6%
3.1%
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 - DECEMBER 2021 • COLORADOMICROREPORTS.COM