Foothills MARKET UPDATE

Bridging the Denver and mountain communities, the Foothills benefit from a unique combination of natural beauty, convenience to both urban areas and outdoor recreation, and some of the most amazing communitites 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 and gives its residents a taste of mountain living.

2022 is now over and what a year it was. During the last half of 2022, the real estate market showed strong signs of normalizing after the 2021 COVIDdriven boom. The first half of the year saw incredibly high buyer demand, and it felt similiar to the 2021 market. The market started to shift when mortgage interest rates started to rise. This was intended to tamp down buyer demand, but because of limited inventory in Jefferson County—which saw a decrease of 9.7% in new listings in 2022 compared to 2021— they still managed to have historically high appreciation averaging 12.0% for the average price of detached homes.

We recognize each locality is unique and no two regions respond to market shifts the same way. To present an accurate picture of each of the areas that make up the Foothills communities, LIV Sotheby’s International Realty is proud to present our year-end Micro Market Report, representing the metrics of many key and beloved neighborhoods.

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.

Jefferson County

Based on Information from REColorado for the period January 1st, 2022 - December 31th, 2022. 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.