MICROMARKET REPORT |
Foothills • 2018
FOOTHILLS NEIGHBORHOODS 18
19 14
1 7
6
20
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
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: 34503 Upper Bear Creek Road, Evergreen
coloradomicroreports.com
FOOTHILLS market update Paralleling the Front Range Mountains, Foothills communities including Evergreen, Golden, and Genesee offer some of the best city and mountain living Colorado has to offer. Many residents live and work in their mountain community, while others work in Denver but prefer the tranquility of a home on a hillside among the evergreen trees. Natives refer to these areas as the “foothills” because they are small mountains compared to the Rockies further west. One of the biggest January-December 2017 Highlights: benefits of living in the foothills, is that you are that much closer to the • Hangen Ranch’s average area ski resorts, which makes it easy to avoid much of the city traffic 30.4% price is $883,821 headed west any given day. Artists of all types flock to these foothill communities, inspired by the natural beauty of the Colorado landscape. Photographers, writers, musicians and architects draw stimulation from the rocks, trees, wildlife and natural surroundings affiliated with foothills-living. In the year-end Foothills-area Micro Market Report, prepared by LIV Sotheby’s International Realty, year-over-year January through December statistics for single family homes and attached dwellings demonstrated growth in all areas across the board. Highlights from the Foothills area include Hangen Ranch’s average price rising to $883,821, up 30.4% since 2016. Soda Creek’s average price also rose significantly, up 18.9% to $1,463,631 over 2016. Mt. Vernon Country Club’s average price rose 17.1%, to $719,633, over 2016.
livsothebysrealty.com
• Evergreen Meadows’ average price is $629,403
8.5%
• Mt. Vernon Country Club’s average price is $719,633
17.1%
• Soda Creek’s average price is $1,463,631
18.9%
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 2018 • COLORADOMICROREPORTS.COM
BEAR MOUNTAIN January through December Average Price
2016
$770,725
-2.6%
$236
$334
41.8%
40
131
227.5%
$1,057,000
$1,400,000
32.5%
6
13
116.7%
96.1%
94.2%
-1.9%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$791,133
Average Price per Square Foot
Highest Price
2017
BROOK FOREST January through December Average Price
2016
$459,307
29.9%
$278
$253
-9.0%
21
34
61.9%
$485,000
$1,800,000
271.1%
27
27
0.0%
97.9%
97.5%
-0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$353,515
Average Price per Square Foot
Highest Price
2017
29.9%
January through December 2017, the average price in the neighborhood of Brook Forest increased by 29.9% compared to that of 2016.
CONIFER MOUNTAIN January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$510,506
$545,596
6.9%
$246
$265
7.5%
40
72
80.0%
$862,500
$840,000
-2.6%
31
25
-19.4%
97.8%
96.6%
-1.2%
coloradomicroreports.com
11.1%
The average price per square foot for the neighborhood of Evergreen Highlands increased by 11.1% January through December 2017 compared to that of 2016.
EVERGREEN HIGHLANDS January through December Average Price
2016
$610,408
3.5%
$241
$268
11.1%
42
24
-42.9%
$715,000
$735,000
2.8%
8
12
50.0%
95.6%
99.4%
4.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$589,600
Average Price per Square Foot
Highest Price
2017
EVERGREEN MEADOWS January through December Average Price
2016
$629,403
8.5%
$224
$245
9.3%
33
37
12.1%
$890,000
$1,038,780
16.7%
33
30
-9.1%
96.7%
96.9%
0.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$580,295
Average Price per Square Foot
Highest Price
2017
EVERGREEN MEADOWS WEST January through December Average Price
All residences within Evergreen Meadows boast 2+ acre lots that enjoy sweeping views of the Rocky Mountains.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$507,424
$540,462
6.5%
$208
$270
29.3%
72
94
30.6%
$1,231,400
$730,000
-40.7%
17
13
-23.5%
97.1%
95.6%
-1.6%
MICROMARKET REPORT | Foothills livsothebysrealty.com
2018 • COLORADOMICROREPORTS.COM
EVERGREEN PARK ESTATES January through December
2016
Average Price
% Change
$540,521
$552,375
2.2%
$282
$309
9.5%
46
28
-39.1%
$1,000,000
$850,000
-15.0%
14
8
-42.9%
96.2%
99.3%
3.1%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
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 December
2016
Average Price
% Change
$747,913
$930,432
24.4%
$290
$329
13.8%
70
63
-10.0%
$1,675,000
$2,500,000
49.3%
56
46
-17.9%
96.1%
93.6%
-2.6%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
HANGEN RANCH January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$678,000
$883,821
30.4%
$271
$305
12.4%
87
54
-37.9%
$880,000
$1,625,000
84.7%
5
7
40.0%
93.4%
96.0%
2.8%
30.4%
The average price in the neighborhood of Hangen Ranch increased by 30.4% January through December 2017, compared to that of 2016.
coloradomicroreports.com
HIWAN COUNTRY CLUB January through December Average Price
2016
$759,824
4.8%
$291
$294
0.9%
40
41
2.5%
$1,275,000
$1,195,000
-6.3%
25
17
-32.0%
97.1%
97.9%
0.8%
Average Days on Market
Properties Sold % Sold Price to List Price
7.1%
January through December 2017, the average price per square foot for the neighborhood of Hiwan Hills increased by 7.1% compared to that of 2016.
% Change
$725,286
Average Price per Square Foot
Highest Price
2017
HIWAN HILLS January through December Average Price
2016
$583,529
14.5%
$283
$303
7.1%
17
35
105.9%
$872,000
$810,000
-7.1%
24
14
-41.7%
99.2%
98.0%
-1.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$509,443
Average Price per Square Foot
Highest Price
2017
LOOKOUT MOUNTAIN January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$680,826
$699,789
2.8%
$289
$288
-0.5%
52
63
21.2%
$980,000
$1,035,000
5.6%
19
19
0.0%
96.4%
95.2%
-1.3%
MICROMARKET REPORT | Foothills livsothebysrealty.com
2018 • COLORADOMICROREPORTS.COM
MT. VERNON COUNTRY CLUB January through December
2016
Average Price
$719,633
17.1%
$260
$365
40.3%
39
35
-10.3%
$681,000
$859,000
26.1%
4
3
-25.0%
91.4%
99.7%
9.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$614,625
Average Price per Square Foot
Highest Price
2017
RIDGE AT HIWAN January through December Average Price
2016
$939,664
0.6%
$297
$290
-2.2%
68
100
47.1%
$1,800,000
$1,850,000
2.8%
24
28
16.7%
96.2%
95.2%
-1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$934,250
Average Price per Square Foot
Highest Price
2017
The Ridge at Hiwan, conveniently located near I-70, offers residences easy access to rolling hills, open spaces, ponds, and miles of trails.
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
2016
2017
% Change
$869,167
$897,429
3.3%
$257
$277
7.5%
116
39
-66.4%
$1,100,000
$1,175,000
6.8%
12
7
-41.7%
95.5%
96.9%
1.5%
coloradomicroreports.com
23.7%
January through December 2017, the average price per square foot in the neighborhood of Shadow Mountain increased by 23.7% compared to that of 2016.
SHADOW MOUNTAIN January through December Average Price
2016
$542,885
39.3%
$221
$274
23.7%
36
74
105.6%
$692,500
$1,260,000
81.9%
18
20
11.1%
93.6%
96.3%
3.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$389,836
Average Price per Square Foot
Highest Price
2017
SODA CREEK January through December
2016
2017
Average Price
$1,231,146
$1,463,631
18.9%
$302
$326
7.9%
95
202
112.6%
$2,913,550
$3,000,000
3.0%
14
16
14.3%
90.3%
92.5%
2.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
47.6%
The average price in the neighborhood of Spring Ranch increased by 47.6% January through December 2017 compared to that of 2016.
% Change
SPRING RANCH January through December
2016
Average Price
$1,107,000
$1,633,560
47.6%
$316
$378
19.6%
72
208
188.9%
$1,290,000
$2,332,800
80.8%
4
5
25.0%
93.0%
92.3%
-0.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
MICROMARKET REPORT | Foothills livsothebysrealty.com
2018 • COLORADOMICROREPORTS.COM
TANOA January through December Average Price
2016
$710,125
-8.9%
$235
$291
24.0%
43
39
-9.3%
$1,135,000
$1,000,000
-11.9%
5
8
60.0%
96.0%
96.7%
0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$779,400
Average Price per Square Foot
Highest Price
2017
UPPER BEAR CREEK January through December 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
$978,063
36.8%
$280
$500
78.3%
88
44
-50.0%
$930,000
$1,860,000
100.0%
5
3
-40.0%
94.0%
96.4%
2.5%
NUMBER OF STUDENTS PER TEACHER IN EVERGREEN: 18
36.8%
The average price in the neighborhood of Upper Bear Creek increased by 36.8% January through December 2017 compared to that of 2016.
PERCENTAGE OF HOME APPRECIATION 2016-17: 9%
AVERAGE COMMUTE TIME TO METRO DENVER: 30 MINUTES
coloradomicroreports.com
WE ARE.
THE VOICE OF COLORADO REAL ESTATE
414 Humphrey Drive, Evergreen
15
930 69
21,000
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.