Denver Metro Mid-Year 2015 Micro Market Report

Page 1

LIV REPORT MICROMARKET

DENVER METRO | Mid-Year 2015

C O LO R A D O M I C R O R E P O R TS . C O M


DENVER METRO NEIGHBORHOODS 1. Denver (City) 2. Baker 3. Bell Mountain Ranch 4. Belmar 5. Berkeley 6. Bonnie Brae/Belcaro 7. Bow Mar/Bow Mar South 8. Capitol Hill 9. Castle Pines North 10. Castle Pines Village 11. Cheesman 12. Cherry Creek North 13. Cherry Creek South/East 14. Cherry Hills Village 15. City Park 16. City Park South 17. Columbine Valley 18. Congress Park 19. Cory-Merrill 20. Country Club 21. Crestmoor 22. Downtown 23. Golden Triangle 24. Greenwood Village East 25. Greenwood Village West 26. Hale Mayfair 27. Heritage Greens 28. Highlands 29. Highlands Ranch 30. Hilltop 31. Homestead 32. Keene Ranch 33. Ken Caryl North Ranch 34. Ken Caryl Valley 35. Lakewood 36. LoHi 37. Lone Tree 38. Lowry 39. The Meadows 40. Montclair 41. Observatory Park 42. Park Hill 43. Platt Park 44. Polo Reserve 45. Pradera & Timbers 46. Saddle Rock Golf Club 47. Sloan’s Lake 48. Southern Hills 49. Southglenn 50. Stapleton 51. Tallyn’s Reach 52. Uptown 53. Washington Park East 54. Washington Park West

5 28 36

47

4 35

15 22 52 16 23 8 11 18 1 20 12 2 13 54 53 6 19

50

42

26 40 30

21

38

43 41 48 14 7 25

24

17 49 33

44

46

31

51

27

34

29

37

9 10 45

39

32

3

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER METRO The Denver Metro Micro Market Report (MMR), prepared by LIV Sotheby’s International Realty, compares 2015 midyear statistics, to those of 2014, for single family homes and condos.

The average price of single family homes and condos combined rose 12%, resulting in an average price of $359,350 in Denver Metro. The surging national economy combined with Colorado’s growing popularity is causing the limited supply of inventory in metro Denver to sell at a highly accelerated rate. For properties under $400K, percentage of sold price to original list price was 99.6% in 2014 and 100.1% in 2015. Interest rates, rent, and home values are all projected to rise throughout next year and into the foreseeable future, impacting buyers’ home purchasing decisions. According to the Federal Housing Financial Agency and the S&P Case-Schiller index, home prices have increased 20% nationally over the past three years (approximately 30% in Denver) and industry professionals expect that trajectory to continue.

Mid-Year Highlights:

• Hilltop’s average price is $1,081,667 – up 18.3% • Observatory Park’s average price is $919,375 – up 11.4% • LoHi’s average price is $543,311 – up 15.1% • Uptown’s average price is $358,289 – up 8.2%

27,627

homes sold for an average of

$359,350

or, $9,910,202,520 total dollar volume sold.

DENVER METRO January through June

All Properties in the Denver Metrolist

2014

2015

% Change

New Listings

37,339

37,940

1.6%

Sold Listings (All Properties)

26,792

27,627

3.1%

Sold Single Family

19,892

19,950

0.3%

Sold Condo

6,900

7,677

11.3%

39

28

-28.2%

$320,373

$359,350

12.2%

96.0%

97.0%

1.0%

$8,583,421,228

$9,910,202,520

15.5%

Average Days on Market Average Price % Sold Price to List Price Total Dollar Volume Sold

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

DENVER (CITY) Single Family and Condos

January through June

2014

2015

% Change

$339,038

$389,575

14.9%

$197

$226

14.7%

41

35

-14.6%

Highest Price

$4,925,000

$4,550,000

-7.6%

Lowest Price

$38,000

$42,000

10.5%

6,796

6,696

-1.5%

96.0%

97.0%

1.0%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

BAKER

6th Avenue to Mississippi; South Platte River to Broadway

January through June Single Family and Condos

City of Denver

2014

2015

% Change

$334,940

$385,751

15.2%

$279

$312

11.8%

36

25

-30.6%

Highest Price

$602,500

$795,000

32.0%

Lowest Price

$159,900

$152,500

-4.6%

62

53

-14.5%

98.4%

100.3%

1.9%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle

BELL MOUNTAIN RANCH Single Family and Condos

January through June

2014

2015

$693,750

$741,464

6.9%

$262

$291

11.1%

138

114

-17.4%

Highest Price

$865,000

$1,050,000

21.4%

Lowest Price

$538,500

$535,500

-0.6%

14

14

0.0%

96.1%

96.2%

0.1%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

% Change

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

BELMAR Single Family and Condos

January through June

Kentucky to Alameda; Wadsworth to Pierce

2014

2015

% Change

$324,715

$361,349

11.3%

$191

$224

17.3%

27

70

159.3%

Highest Price

$625,000

$647,500

3.6%

Lowest Price

$112,000

$142,000

26.8%

19

23

21.1%

96.7%

98.9%

2.3%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

BERKELEY January through June

2014

2015

% Change

$410,310

$442,689

7.9%

$319

$370

16.0%

39

24

-38.5%

Highest Price

$850,700

$885,000

4.0%

Lowest Price

$144,000

$98,000

-31.9%

97

103

6.2%

98.0%

100.3%

2.3%

Average Price

Single Family

38th to I-70; Sheridan to Federal

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

Mississippi to Cherry Creek Drive South; University to Colorado

BONNIE BRAE/BELCARO January through June

2014

2015

$866,357

$982,753

13.4%

$369

$406

10.0%

47

41

-12.8%

Highest Price

$2,500,000

$2,850,000

14.0%

Lowest Price

$304,000

$380,000

25.0%

37

32

-13.5%

98.6%

98.7%

0.1%

Single Family

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

% Change

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

BOW MAR/BOW MAR SOUTH January through June

2014

2015

% Change

$1,213,050

$1,214,425

0.1%

$343

$364

6.1%

146

128

-12.3%

Highest Price

$2,755,000

$2,200,000

-20.1%

Lowest Price

$450,000

$635,000

41.1%

10

8

-20.0%

92.2%

90.7%

-1.6%

Average Price

Single Family

North of Bowles; South of Quincy; West of Morning Glory; East of Bow Mar Drive

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

CAPITOL HILL Single Family and Condos

January through June

2014

2015

% Change

$269,916

$281,637

4.3%

$232

$273

17.7%

43

28

-34.9%

Highest Price

$1,200,000

$1,851,000

54.3%

Lowest Price

$64,000

$89,000

39.1%

196

179

-8.7%

97.4%

102.0%

4.7%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

CASTLE PINES NORTH January through June

Country Club Parkway to Coyote Ridge Park; Daniels Park to Yorkshire

2014

2015

% Change

$483,971

$566,866

17.1%

$188

$196

4.3%

51

50

-2.0%

Highest Price

$960,000

$1,315,000

37.0%

Lowest Price

$297,000

$336,670

13.4%

87

62

-28.7%

96.3%

97.0%

0.7%

Average Price

Single Family

Broadway to Downing; 6th to Colfax

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

US 85 & Copper Blush to Northwood; Daniels Park to Gate 5; Country Club to I-25

CASTLE PINES VILLAGE January through June

2014

2015

% Change

$1,004,735

$940,867

-6.4%

$313

$284

-9.3%

139

150

7.9%

Highest Price

$3,525,000

$2,732,511

-22.5%

Lowest Price

$520,000

$439,790

-15.4%

53

57

7.5%

96.7%

94.5%

-2.3%

Single Family

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

CHEESMAN Single Family and Condos

January through June

York to Downing; Colfax to 8th

2014

2015

% Change

$327,264

$368,508

12.6%

$245

$290

18.4%

34

28

-17.6%

Highest Price

$2,500,000

$2,000,000

-20.0%

Lowest Price

$75,100

$109,000

45.1%

95

70

-26.3%

99.1%

100.9%

1.8%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

CHERRY CREEK NORTH Single Family and Condos

January through June

York to Colorado; 1st to 6th

2014

2015

% Change

$1,050,662

$959,622

-8.7%

$428

$420

-1.9%

72

73

1.4%

Highest Price

$3,700,000

$3,522,019

-4.8%

Lowest Price

$165,000

$149,900

-9.2%

53

74

39.6%

96.8%

95.9%

-1.0%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

CHERRY CREEK EAST & SOUTH Single Family and Condos

January through June

2014

2015

% Change

$576,104

$554,043

-3.8%

$309

$327

5.8%

87

63

-27.6%

Highest Price

$1,875,000

$2,350,000

25.3%

Lowest Price

$187,500

$195,000

4.0%

86

78

-9.3%

94.9%

97.4%

2.6%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

CHERRY HILLS VILLAGE January through June Single Family (Under 1 Acre)

Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou

2014

2015

% Change

$1,524,589

$1,627,872

6.8%

$357

$390

9.2%

73

59

-19.2%

Highest Price

$3,985,000

$4,650,000

16.7%

Lowest Price

$500,000

$500,000

0.0%

35

44

25.7%

92.7%

93.8%

1.2%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

CHERRY HILLS VILLAGE January through June

Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou

2014

2015

% Change

$2,621,486

$1,895,794

-27.7%

$425

$408

-4.0%

167

221

32.3%

Highest Price

$5,950,000

$4,115,000

-30.8%

Lowest Price

$1,025,000

$950,000

-7.3%

31

17

-45.2%

89.3%

91.1%

2.1%

Average Price

Single Family (Over 1 Acre)

University to Colorado; Alameda to 1st

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

CITY PARK January through June

2014

2015

% Change

$412,059

$465,147

12.9%

$253

$287

13.4%

39

41

5.1%

Highest Price

$975,000

$1,075,000

10.3%

Lowest Price

$170,000

$210,000

23.5%

58

51

-12.1%

98.6%

99.4%

0.9%

Average Price

Single Family

Downing to York; 18th to Martin Luther King

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

CITY PARK SOUTH January through June Single Family

Average Price Average Price per Square Foot Average Days on Market

2014

2015

% Change

$491,754

$448,600

-8.8%

$308

$415

34.7%

28

3

-89.3%

Highest Price

$735,000

$515,000

-29.9%

Lowest Price

$245,000

$299,000

22.0%

14

9

-35.7%

94.8%

102.7%

8.3%

Properties Sold % Sold Price to List Price

COLUMBINE VALLEY January through June

South Polo Ridge Drive to West Bowles Avenue; Platte Canyon Road to South Platte River

2014

2015

$954,081

$967,420

1.4%

$271

$273

0.7%

89

100

12.4%

Highest Price

$2,000,000

$1,585,000

-20.8%

Lowest Price

$531,000

$569,500

7.3%

Average Price

Single Family

York to Colorado; Colfax to 17th

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

% Change

13

13

0.0%

97.9%

93.0%

-5.0%

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

CONGRESS PARK January through June

2014

2015

% Change

$378,279

$495,056

30.9%

$291

$347

19.2%

66

28

-57.6%

Highest Price

$2,435,000

$1,252,000

-48.6%

Lowest Price

$45,000

$99,000

120.0%

116

112

-3.4%

97.6%

101.0%

3.6%

Average Price

Single Family

York to Colorado; 6th to Colfax

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

S University Blvd to S Colorado Blvd; I-25 to E Mississippi Ave

CORY-MERRILL January through June

2014

2015

% Change

$613,339

$621,696

1.4%

$351

$367

4.6%

49

45

-8.2%

Highest Price

$1,551,000

$1,386,300

-10.6%

Lowest Price

$244,000

$259,000

6.1%

69

57

-17.4%

97.9%

96.1%

-1.8%

Single Family

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

COUNTRY CLUB January through June

2014

2015

% Change

$1,203,104

$1,851,213

53.9%

$441

$477

8.2%

74

35

-52.7%

Highest Price

$1,960,000

$2,850,000

45.4%

Lowest Price

$570,000

$1,185,000

107.9%

9

8

-11.1%

95.0%

90.3%

-5.0%

Average Price

Single Family

University to Downing 1st-4th; Race to University 4th-6th

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

CRESTMOOR January through June

2014

2015

% Change

$942,805

$835,016

-11.4%

$307

$368

19.9%

74

20

-73.0%

Highest Price

$2,050,000

$1,345,678

-34.4%

Lowest Price

$510,000

$552,500

8.3%

11

8

-27.3%

97.2%

100.2%

3.1%

Average Price

Single Family

Holly to Monaco; Bayaud to 6th

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

DOWNTOWN January through June

2014

2015

% Change

$485,809

$517,489

6.5%

$361

$406

12.5%

65

46

-29.2%

Highest Price

$4,925,000

$4,550,000

-7.6%

Lowest Price

$132,450

$160,000

20.8%

248

253

2.0%

96.2%

97.9%

1.8%

Average Price

Condos

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

GOLDEN TRIANGLE January through June Single Family and Condos

Downtown Denver MLS Area

North Speer Boulevard to Broadway; Colfax to 7th

2014

2015

% Change

$364,624

$463,586

27.1%

$280

$297

6.1%

45

60

33.3%

Highest Price

$675,000

$720,000

6.7%

Lowest Price

$189,900

$190,000

0.1%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

21

22

4.8%

100.0%

98.1%

-1.9%

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

GREENWOOD VILLAGE EAST January through June

2014

2015

% Change

$883,244

$1,031,928

16.8%

$272

$304

11.8%

83

128

35.2%

Highest Price

$2,102,920

$2,135,000

1.5%

Lowest Price

$469,900

$550,000

17.0%

29

28

-3.4%

95.7%

94.4%

-1.4%

Average Price

Single Family

I-25 to Havana; Belleview to Orchard

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

GREENWOOD VILLAGE WEST January through June

2014

2015

% Change

$1,231,722

$1,398,978

13.6%

$339

$350

3.2%

76

65

-14.5%

Highest Price

$2,800,000

$2,395,000

-14.5%

Lowest Price

$502,000

$737,500

46.9%

29

23

-20.7%

93.7%

95.5%

1.9%

Average Price

Single Family (Under 1 Acre)

Orchard to Belleview; Clarkson to I-25

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

GREENWOOD VILLAGE WEST January through June

2014

2015

% Change

$1,854,464

$1,966,429

6.0%

$365

$372

1.9%

189

52

-72.5%

Highest Price

$4,300,000

$4,200,000

-2.3%

Lowest Price

$770,000

$687,000

-10.8%

10

7

-30.0%

92.5%

91.0%

-1.6%

Average Price

Single Family (Over 1 Acre)

Orchard to Belleview; Clarkson to I-25

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

HALE MAYFAIR January through June

2014

2015

% Change

$444,003

$527,026

18.7%

$345

$382

10.7%

37

34

-8.1%

Highest Price

$1,000,000

$1,050,000

5.0%

Lowest Price

$256,000

$321,140

25.4%

61

62

1.6%

98.4%

98.7%

0.3%

Single Family

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

HERITAGE GREENS January through June Single Family

Dry Creek to County Line; Colorado Boulevard to Holly

2014

2015

% Change

$685,318

$777,524

13.5%

$230

$247

7.4%

28

32

14.3%

Highest Price

$1,261,000

$1,025,000

-18.7%

Lowest Price

$442,000

$554,000

25.3%

17

17

0.0%

96.4%

98.2%

1.8%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

HIGHLANDS January through June Single Family and Condos

Colorado to Holly; 6th to Colfax

W 38th Ave to Speer Blvd and W 29th Ave; Union Pacific RR lines and S Platte River to Federal Blvd

2014

2015

% Change

$458,463

$527,000

14.9%

$324

$354

9.3%

81

93

14.8%

Highest Price

$1,075,000

$1,049,255

-2.4%

Lowest Price

$78,000

$85,500

9.6%

145

162

11.7%

97.5%

97.7%

0.1%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

(WEST) HIGHLANDS Single Family and Condos

January through June

2014

2015

% Change

$436,539

$477,811

9.5%

$332

$363

9.3%

42

34

-19.0%

Highest Price

$940,000

$1,067,000

13.5%

Lowest Price

$206,000

$190,000

-7.8%

121

124

2.5%

97.5%

98.6%

1.1%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

HIGHLANDS RANCH January through June

Daniels Park to County Line; Santa Fe to Quebec

2014

2015

% Change

$380,300

$408,507

7.4%

$183

$202

10.4%

30

17

-43.3%

Highest Price

$1,933,885

$1,499,600

-22.5%

Lowest Price

$186,000

$240,000

29.0%

472

345

-26.9%

98.5%

99.7%

1.3%

Average Price

Single Family

38th Ave to 29th Ave; Federal to Sheridan

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

HILLTOP January through June

2014

2015

% Change

$914,045

$1,081,667

18.3%

$354

$363

2.5%

51

60

17.6%

Highest Price

$2,405,000

$2,595,000

7.9%

Lowest Price

$375,000

$365,000

-2.7%

38

58

52.6%

95.9%

95.0%

-0.9%

Average Price

Single Family

Alameda to 6th; Colorado to Holly

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

HOMESTEAD January through June

2014

2015

% Change

$357,896

$424,027

18.5%

$215

$239

11.2%

26

17

-34.6%

Highest Price

$920,300

$675,000

-26.7%

Lowest Price

$217,000

$248,050

14.3%

60

56

-6.7%

97.5%

98.2%

0.7%

Average Price

Single Family

Colorado to Quebec; Arapahoe to Dry Creek

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road

KEENE RANCH January through June

2014

2015

% Change

$782,188

$834,000

6.6%

$245

$219

-10.6%

122

228

86.9%

Highest Price

$1,105,000

$890,000

-19.5%

Lowest Price

$500,000

$770,000

54.0%

8

3

-62.5%

92.5%

94.5%

2.2%

Single Family

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

KEN-CARYL NORTH RANCH January through June

2014

2015

% Change

$919,143

$820,000

-10.8%

$241

$239

-0.8%

119

107

-10.1%

Highest Price

$1,349,000

$950,000

-29.6%

Lowest Price

$650,000

$620,000

-4.6%

7

5

-28.6%

94.5%

94.7%

0.2%

Average Price

Single Family

approx: Red Fox Lane to North Ranch Road; Golden Eagle Lane to Blue Grouse Ridge Road

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

KEN-CARYL VALLEY January through June

2014

2015

% Change

$599,820

$602,886

0.5%

$207

$231

11.6%

63

36

-42.9%

Highest Price

$1,100,000

$945,000

-14.1%

Lowest Price

$349,200

$389,900

11.7%

37

37

0.0%

95.9%

96.9%

1.0%

Average Price

Single Family

approx: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Caryl Ave

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

LAKEWOOD January through June

2014

2015

% Change

$320,016

$366,669

14.6%

$199

$224

12.6%

40

22

-45.0%

Highest Price

$1,595,750

$1,370,000

-14.1%

Lowest Price

$79,000

$120,000

51.9%

738

698

-5.4%

99.7%

100.3%

0.7%

Average Price

Single Family

City of Lakewood

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

LOHI

W 38th to I-25; Speer Blvd to Zuni Street

Single Family and Condos

January through June

2014

2015

% Change

$472,142

$543,311

15.1%

$325

$353

8.6%

100

104

4.0%

Highest Price

$1,075,000

$1,049,255

-2.4%

Lowest Price

$225,000

$156,360

-30.5%

98

130

32.7%

97.7%

97.4%

-0.4%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

LONE TREE January through June

2014

2015

% Change

$555,041

$732,866

32.0%

$188

$234

24.5%

52

51

-1.9%

Highest Price

$1,115,000

$1,950,000

74.9%

Lowest Price

$380,000

$408,000

7.4%

17

27

58.8%

97.2%

97.3%

0.1%

Average Price

Single Family

approx: South of Ridgegate Parkway to County Line; Peoria to Quebec

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

LOWRY

Quebec to Unita; Alameda to 11th

January through June

2014

2015

% Change

$659,739

$691,330

4.8%

$258

$258

0.0%

28

67

139.3%

Highest Price

$1,225,000

$1,710,000

39.6%

Lowest Price

$430,000

$422,963

-1.6%

28

37

32.1%

96.0%

96.6%

0.6%

Single Family

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

N. Meadows Drive to Coachline Road; Breezy Lane to Dairylide Street

THE MEADOWS January through June

2014

2015

% Change

$345,795

$390,721

13.0%

$161

$172

6.8%

35

27

-22.9%

Highest Price

$661,000

$680,000

2.9%

Lowest Price

$202,400

$246,399

21.7%

Single Family

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

255

245

-3.9%

99.1%

99.0%

-0.2%

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

MONTCLAIR January through June

2014

2015

% Change

$461,952

$492,455

6.6%

$301

$334

11.0%

43

50

16.3%

Highest Price

$1,000,000

$1,144,450

14.4%

Lowest Price

$247,500

$247,860

0.1%

83

64

-22.9%

98.2%

97.7%

-0.5%

Average Price

Single Family

Holly to Quebec; 6th to Colfax

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

OBSERVATORY PARK January through June

2014

2015

% Change

$825,373

$919,375

11.4%

$311

$328

5.5%

72

74

2.8%

Highest Price

$2,150,000

$1,750,000

-18.6%

Lowest Price

$195,000

$347,500

78.2%

31

40

29.0%

93.1%

94.5%

1.5%

Average Price

Single Family

University to Colorado; Evans to Yale

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

PARK HILL January through June

2014

2015

$483,732

$564,286

16.7%

$324

$364

12.3%

30

24

-20.0%

Highest Price

$1,600,000

$1,400,000

-12.5%

Lowest Price

$153,000

$272,500

78.1%

145

120

-17.2%

104.7%

99.6%

-4.9%

Average Price

Single Family

Colfax to 26th; Colorado to Quebec

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

% Change

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

PLATT PARK January through June

2014

2015

% Change

$487,715

$523,456

7.3%

$371

$412

11.1%

22

13

-40.9%

Highest Price

$945,000

$940,000

-0.5%

Lowest Price

$260,000

$230,000

-11.5%

62

50

-19.4%

99.1%

99.3%

0.3%

Single Family

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

POLO RESERVE January through June

North of Mineral; South of Arabian Place; West of the S. Platte River; East of S. Platte Canyon Road

2014

2015

% Change

$1,217,500

$1,063,637

-12.6%

$270

$274

1.5%

40

80

100.0%

Highest Price

$2,425,000

$1,535,460

-36.7%

Lowest Price

$810,000

$765,000

-5.6%

4

7

75.0%

96.5%

95.4%

-1.2%

Average Price

Single Family

Broadway to Downing; Louisiana to Evans

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

PRADERA & TIMBERS January through June

2014

2015

$677,396

$698,593

3.1%

$205

$212

3.4%

60

80

33.3%

Highest Price

$1,259,700

$1,250,000

-0.8%

Lowest Price

$338,500

$350,000

3.4%

58

44

-24.1%

96.1%

95.5%

-0.6%

Average Price

Single Family

Pradera and Timbers Subdivisions in Parker

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

% Change

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

SADDLE ROCK January through June

2014

2015

% Change

$460,713

$540,260

17.3%

$161

$185

14.9%

83

88

6.0%

Highest Price

$855,000

$975,000

14.0%

Lowest Price

$275,000

$370,000

34.5%

32

71

121.9%

95.0%

96.9%

2.0%

Average Price

Single Family

North of E. Dry Creek Road; South of Smoky Hill Road; West of E-470; East of S. Liverpool Street

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

SLOAN’S LAKE January through June

2014

2015

% Change

$409,009

$513,108

25.5%

$318

$365

14.8%

39

43

10.3%

Highest Price

$935,000

$1,045,000

11.8%

Lowest Price

$175,000

$324,000

85.1%

74

77

4.1%

97.8%

97.6%

-0.2%

Average Price

Single Family

Colfax to 29th; Sheridan to Federal

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

SOUTHERN HILLS January through June

2014

2015

% Change

$562,178

$662,934

17.9%

$287

$337

17.4%

21

28

33.3%

Highest Price

$1,050,000

$1,300,000

23.8%

Lowest Price

$280,000

$340,000

21.4%

23

19

-17.4%

98.7%

97.2%

-1.5%

Average Price

Single Family

University to Colorado; Yale to Hampden

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

SOUTHGLENN January through June

2014

2015

% Change

$326,084

$371,923

14.1%

$183

$198

8.2%

32

20

-37.5%

Highest Price

$410,000

$437,500

6.7%

Lowest Price

$242,000

$261,000

7.9%

28

33

17.9%

97.7%

99.1%

1.4%

Average Price

Single Family

Washington to University; Arapahoe to Dry Creek

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

STAPLETON January through June

2014

2015

% Change

$509,698

$559,414

9.8%

$238

$256

7.6%

34

25

-26.5%

Highest Price

$1,112,500

$1,194,000

7.3%

Lowest Price

$100,000

$100,000

0.0%

129

129

0.0%

98.2%

99.0%

0.8%

Average Price

Single Family

Quebec to Havana; 23rd to 40th

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

North of E. Dry Creek; South of Smoky Hill; West of S. Powhaton; East of E-470

TALLYN’S REACH January through June

2014

2015

% Change

$431,124

$485,912

12.7%

$171

$182

6.4%

56

56

0.0%

Highest Price

$716,200

$1,200,000

67.6%

Lowest Price

$280,000

$316,000

12.9%

56

68

21.4%

96.9%

98.2%

1.3%

Single Family

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


DENVER MARKET | MARKETS BY AREA

UPTOWN Single Family and Condos

January through June

2014

2015

% Change

$331,188

$358,289

8.2%

$280

$318

13.6%

36

23

-36.1%

Highest Price

$975,000

$950,000

-2.6%

Lowest Price

$80,000

$105,000

31.3%

97

69

-28.9%

97.6%

100.5%

3.0%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

WASHINGTON PARK EAST January through June Single Family

Louisiana to Ellsworth; Downing to University

2014

2015

% Change

$784,954

$1,016,637

29.5%

$426

$494

16.0%

25

42

68.0%

Highest Price

$1,740,000

$2,800,000

60.9%

Lowest Price

$249,000

$330,000

32.5%

50

60

20.0%

98.2%

97.5%

-0.7%

Average Price Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

WASHINGTON PARK WEST January through June

Louisiana to Ellsworth; Broadway to Downing

2014

2015

$490,481

$582,042

18.7%

$337

$389

15.4%

34

27

-20.6%

Highest Price

$1,400,000

$1,950,000

39.3%

Lowest Price

$184,500

$266,000

44.2%

88

95

8.0%

98.0%

100.0%

2.1%

Average Price

Single Family

North of Colfax; East of Broadway; South of 20th; 20th & Park to 19th; West of Jospehine

Average Price per Square Foot Average Days on Market

Properties Sold % Sold Price to List Price

% Change

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.


COLORADO LUXURY REAL ESTATE EXPERTS BOULDER

CASTLE PINES

1050 Walnut Street Boulder, CO 80302 303.443.6161

858 W. Happy Canyon Road, Suite 100 Castle Rock, CO 80108 303.660.8800

DENVER TECH CENTER (DTC)

CHERRY CREEK

400 S. Colorado Blvd., Suite 400 Denver, CO 80246 303.893.3200

DOWNTOWN DENVER

8000 E. Belleview Avenue, Suite 200 Greenwood Village, CO 80111 303.893.3200

31955 Castle Court, #1 South Evergreen, CO 80439 303.674.3200

VAIL VALLEY

26 Avondale Lane, #119 Beaver Creek, CO 81620 970.845.0400

255 Clayton Street, Unit 100 North Denver, CO 80206 303.893.3200

EVERGREEN

1512 Larimer Street, #46R Denver, CO 80202 303.893.3200

BEAVER CREEK VILLAGE

CHERRY CREEK-CLAYTON

BRECKENRIDGE

34253 Highway 6, #2A Edwards, CO 81632 970.748.5150

101 South Main Street Breckenridge, CO 80424 970.453.0550 34

LIV Sotheby’s International Realty Locations 36

BOULDER

|

CASTLE PINES VILLAGE

DOWNTOWN DENVER

|

EVERGREEN

BRECKENRIDGE

|

|

|

CHERRY CREEK

GREENWOOD VILLAGE

Boulder

25

VAIL VALLEY

DENVER Downtown Denver

70

Cherry Creek

VAIL VALLEY

Denver Tech Center

Evergreen

Edwards

70

Beaver Creek 24

85

Breckenridge

285

25

Castle Pines

MICROMARKET REPORT | DENVER METRO MID-YEAR 2015 | COLORADOMICROREPORTS.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.

24


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