LIV
MICRO MARKET REPORTS
FOOTHILLS | Mid-Year 2016
C O LO R A D O M I C R O R E P O RTS .C O M
FOOTHILLS NEIGHBORHOODS
18
19 14
1 7
6
20
8
9 13
2
15 3
10 5
16 17
4 11 12
1. Soda Creek
8. Hiwan Country Club
15. Bear Mountain
2. Upper Bear Creek
9. Tanoa
16. Evergreen Highlands
3. Hangen Ranch
10. Evergreen Valley Estates
17. Evergreen Meadows
4. Shadow Mountain
11. Evergreen Meadows West
18. Lookout Mountain
5. Brook Forest
12. Conifer Mountain
19. Mt. Vernon Country Club
6. Genesee
13. Hiwan Hills
20. Riva Chase
7. Ridge at Hiwan
14. Spring Ranch
MICROMARKET REPORT | FOOTHILLS MID-YEAR 2016 | 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.
FOOTHILLS AREA The Foothills Area Micro Market Report (MMR), prepared by LIV Sotheby’s International Realty, compares 2016 midyear statistics (January through June), to that of 2015, for single family homes and attached dwellings.
The Foothills of Denver metro and its surrounding areas are considered the higher terrain between 6,000 and 9,000 feet west of Denver that parallel the Front Range Mountains. Generally, the foothills are consistently rated as some of the best places to live, work, and raise a family in Colorado. The foothills stretch from Roxborough State Park, north, to the west side of Fort Collins. Cities and towns in the foothills region included in this report include Evergreen and Conifer. Highlights from the Foothills area include Lookout Mountain’s average price rising to $660,400, up 8.3% since 2015. Hangen Ranch’s average price also rose, up 13.6% to $702,500 over 2015. Hiwan Hill’s average price rose 17.8% to $562,717 over 2015, and Soda Creeks’s average price rose 28.9% to $1,274,569 over 2015. As the result of many positive economic variables that living in the Colorado Foothills affords, a continued strong demand in the Foothills is projected into Q3 and beyond.
MID-YEAR Highlights: • Hangen Ranch’s average price is $702,500 13.6%
• Hiwan Hills’s average price is $562,717 17.8%
• Lookout Mountain’s average price is $660,400 8.3%
• Soda Creeks’s average price is $1,274,569 18.9%
MICROMARKET REPORT | FOOTHILLS MID-YEAR 2016 | 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.
FOOTHILLS MARKET | MARKETS BY AREA
BEAR MOUNTAIN January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$661,875
$635,650
-4.0%
$225
$240
6.7%
131
46
-64.9%
$1,349,250
$783,800
-41.9%
6
2
-66.7%
85.0%
100.1%
15.1%
2015
2016
% Change
$337,400
$338,450
0.3%
$248
$246
-0.8%
24
21
-12.5%
$515,000
$410,000
-20.4%
15
10
-33.3%
99.0%
98.5%
-0.5%
2015
2016
% Change
$498,453
$484,733
-2.8%
$218
$253
16.2%
75
37
-50.7%
$1,100,000
$600,000
-45.5%
16
13
-18.8%
95.7%
98.0%
2.3%
BROOK FOREST January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
CONIFER MOUNTAIN January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | FOOTHILLS MID-YEAR 2016 | 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.
FOOTHILLS MARKET | MARKETS BY AREA
EVERGREEN HIGHLANDS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$385,000
$556,000
44.4%
$169
$220
30.0%
198
71
-64.1%
$385,000
$715,000
85.7%
1
4
300.0%
90.6%
92.8%
2.2%
2015
2016
% Change
$571,278
$534,750
-6.4%
$230
$191
-16.9%
41
62
51.2%
$874,000
$632,000
-27.7%
18
4
-77.8%
98.1%
92.2%
-5.9%
2015
2016
% Change
$473,371
$536,234
13.3%
$185
$193
4.4%
41
117
185.4%
$632,000
$1,231,400
94.8%
7
9
28.6%
99.3%
96.5%
-3.1%
EVERGREEN MEADOWS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
EVERGREEN MEADOWS WEST January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | FOOTHILLS MID-YEAR 2016 | 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.
FOOTHILLS MARKET | MARKETS BY AREA
EVERGREEN PARK ESTATES January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$424,750
$523,700
23.3%
$244
$240
-1.8%
19
2
-89.5%
$469,000
$661,000
40.9%
4
3
-25.0%
102.0%
101.0%
-1.0%
2015
2016
% Change
$750,213
$752,801
0.3%
$276
$282
2.1%
80
69
-13.8%
$1,895,900
$1,445,000
-23.8%
28
34
21.4%
95.5%
96.6%
1.1%
2015
2016
% Change
$618,250
$702,500
13.6%
$231
$258
11.7%
101
73
-27.7%
$792,250
$880,000
11.1%
3
4
33.3%
101.7%
96.9%
-4.8%
GENESEE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
HANGEN RANCH January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | FOOTHILLS MID-YEAR 2016 | 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.
FOOTHILLS MARKET | MARKETS BY AREA
HIWAN COUNTRY CLUB January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$723,336
$666,683
-7.8%
$248
$283
14.3%
85
42
-50.6%
$1,187,500
$805,000
-32.2%
15
15
0.0%
95.5%
97.7%
2.2%
2015
2016
% Change
$477,746
$562,717
17.8%
$234
$264
12.8%
48
16
-66.7%
$840,000
$872,000
3.8%
13
12
-7.7%
98.3%
98.2%
-0.1%
2015
2016
% Change
$609,890
$660,400
8.3%
$288
$295
2.5%
59
55
-6.8%
$837,000
$899,500
7.5%
10
10
0.0%
100.1%
96.3%
-3.8%
HIWAN HILLS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
LOOKOUT MOUNTAIN January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | FOOTHILLS MID-YEAR 2016 | 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.
FOOTHILLS MARKET | MARKETS BY AREA
MT. VERNON COUNTRY CLUB January through June
2015
2016
% Change
Average Price
-
$599,500
-
Average Price per Square Foot
-
$261
-
Average Days on Market
-
47
-
Highest Price
-
$681,000
-
No Sales
2
-
-
90.2%
-
2015
2016
% Change
$1,034,500
$894,912
-13.5%
$253
$294
16.0%
142
88
-38.0%
$3,350,000
$1,562,500
-53.4%
14
17
21.4%
94.6%
95.1%
0.5%
2015
2016
% Change
$680,000
$990,000
45.6%
$265
$230
-13.4%
167
169
1.2%
$680,000
$1,100,000
61.8%
1
3
200.0%
97.3%
93.2%
-4.1%
Properties Sold % Sold Price to List Price
RIDGE AT HIWAN January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
RIVA CHASE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | FOOTHILLS MID-YEAR 2016 | 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.
FOOTHILLS MARKET | MARKETS BY AREA
SHADOW MOUNTAIN January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$411,067
$315,625
-23.2%
$167
$147
-12.0%
8
26
225.0%
$540,000
$577,500
6.9%
4
4
0.0%
101.2%
91.7%
-9.5%
2015
2016
% Change
$1,072,357
$1,274,569
18.9%
$300
$284
-5.4%
156
126
-19.2%
$2,645,000
$2,913,550
10.2%
14
8
-42.9%
92.2%
86.6%
-5.6%
2015
2016
% Change
$1,237,500
$1,223,000
-1.2%
$379
$231
-39.1%
43
6
-86.0%
$1,350,000
$1,223,000
-9.4%
2
1
-50.0%
95.3%
98.0%
2.7%
SODA CREEK January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
SPRING RANCH January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | FOOTHILLS MID-YEAR 2016 | 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.
FOOTHILLS MARKET | MARKETS BY AREA
TANOA January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2015
2016
% Change
$684,000
$826,000
20.8%
$251
$244
-2.6%
55
75
36.4%
$880,000
$1,135,000
29.0%
3
2
-33.3%
97.3%
95.4%
-1.9%
2015
2016
% Change
$1,093,333
$755,000
-30.9%
$345
$321
-6.9%
145
195
34.5%
$1,880,000
$755,000
-59.8%
3
1
-66.7%
94.0%
95.0%
1.0%
UPPER BEAR CREEK January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | FOOTHILLS MID-YEAR 2016 | 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.
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