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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