MICROMARKET REPORT |
Denver Metro • Mid-Year 2019
DENVER METRO NEIGHBORHOODS 7 11 10
6
4 3
35 14 15 34 13 19 20 33 16 21 32 12 31 17 22 23 30
45
36
37 43 38
42
44
18 29 28 27 5 26
39
9 25 2
8
54
40
53
41
1
24
46
47 48 52
49
50
51
1.
Ken Caryl Valley
28.
Southern Hills
2.
Ken Caryl North Ranch
29.
Observatory Park
3. Lakewood
30. Cory-Merrill
4. Belmar
31.
Cherry Creek South/East
5.
Bow Mar/Bow Mar South
32.
Cherry Creek North
6.
Sloan’s Lake
33.
Congress Park
7. Berkeley
34.
City Park South
8.
Polo Reserve
35.
City Park
9.
Columbine Valley
36.
Park Hill
10. LoHi
37.
Hale Mayfair
11. Highlands
38. Hilltop
12. Baker
39.
13.
40. Homestead
Golden Triangle
Greenwood Village East
14. Downtown
41.
Heritage Greens
15. Uptown
42. Crestmoor
16.
Denver (City)
43. Montclair
17.
Washington Park West
44. Lowry
18.
Platt Park
45. Stapleton
19.
Capitol Hill
46.
Lone Tree
20. Cheesman
47.
Castle Pines North
21.
Country Club
48.
The Village Castle Pines
22.
Washington Park East
49.
The Meadows
23.
Bonnie Brae/Belcaro
50.
Keene Ranch
24.
Highlands Ranch
51.
Bell Mountain Ranch
25. Southglenn
52.
Pradera & Timbers
26.
Greenwood Village West
53.
Tallyn’s Reach
27.
Cherry Hills Village
54.
Saddle Rock Golf Club
Pictured on cover: 1070 N Humboldt Street
coloradomicroreports.com
DENVER METRO market update Denver Metro is consistently ranked as one of the best places in the country to live, offering an unbeatable lifestyle with ideal weather, panoramic mountain views, and an acclaimed food and beverage scene. The economy is also strong in Denver Metro, with more businesses planting their roots in the area, thus bringing in more people from out of state for new opportunities. LIV Sotheby’s International Realty provides a Micro Market Report, analyzing the various neighborhoods that complete the Denver Metro area. The 2019 Mid-Year Report looks at real estate performance for January through June of this year, compared to January through June of 2018. Collectively, new listings increased by 6.5% this year bringing the 2019 total to 36,424 new listings. Total dollar volume sold increased by 2.3% and average price also increased similarly by 2.5%, bringing the 2019 average
DENVER METRO
price for all of Denver Metro to $479,274. Interestingly, average days on market increased which means that buyers are in a great position heading into the rest of the year, granted with a little more time to make real estate decisions. That said, the average days on market is still below 30 days which means sellers are still able to benefit and buyers still need to act fairly quickly.
January through June
2018
% Change
New Listings
34,214
36,424
6.5%
Sold Listings (All Properties)
25,915
25,878
-0.1%
Sold Single Family
18,185
18,199
0.1%
7,730
7,679
-0.7%
$467,646
$479,274
2.5%
23
29
26.1%
99.8%
98.3%
-1.5%
$12,119,042,030
$12,402,655,534
2.3%
Sold Attached Dwellings
Across the diverse Denver Metro neighborhoods, there are notable increases in average price
2019
Average Price
including an impressive 33.6% increase for Cherry Creek North, bringing the average price
Average Days on Market
to $1,386,222 in 2019 from $1,037,616 in 2018. The number of properties sold increased in
% Sold Price to Original List Price
many neighborhoods as well, with the most notable being a 48.5% increase for Observatory
Total Dollar Volume Sold
Park with 49 properties sold so far in 2019 compared to 33 in 2018. Denver Metro continues to attract buyers from both within and outside of the state of
Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson Attached Dwellings Include: Condos, Townhomes, and Duplexes
Colorado. The 2019 Mid-Year Report proves a consistently healthy market for real estate. Buyers do have a unique advantage with average days on market increasing in some areas, meaning more time to make real estate decisions. Sellers continue to have an advantage with increases in average price and average price per square foot.
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.
MICROMARKET REPORT | Denver Metro 2019 • COLORADOMICROREPORTS.COM
DENVER (CITY) January through June Average Price
2018 $509,190
$528,381
3.8%
$296
$306
3.4%
23
30
30.4%
$8,000,000
$10,750,000
34.4%
7,064
6,995
-1.0%
99.6%
97.9%
-1.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: City of Denver
1616 14th Street #1E, Denver
BAKER January through June Average Price
2018 $519,789
$514,183
-1.1%
$390
$391
0.2%
45
92
104.4%
$940,000
$775,000
-17.6%
57
56
-1.8%
100.8%
97.9%
-2.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Baker is known for its bustling streets lined with vintage fashion boutiques, eclectic restaurants, and many brewpubs and bars perfect for live music and dancing.
Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway
BELL MOUNTAIN RANCH January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$898,286
961,864
7.1%
$321
$347
8.0%
158
124
-21.5%
$1,200,000
$1,695,000
41.3%
14
11
-21.4%
96.7%
97.1%
0.5%
Boundaries: I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle
750 Bold Sun Circle, Bell Mountain Ranch
coloradomicroreports.com
36.8%
The properties sold for the neighborhood of Belmar increased by 36.8% January through June 2019 compared to that of 2018.
BELMAR January through June
2018
Average Price
$446,792
$450,846
0.9%
$271
$270
-0.6%
25
47
88.0%
$1,125,000
$750,000
-33.3%
19
26
36.8%
99.0%
97.0%
-2.0%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Boundaries: Kentucky to Alameda; Wadsworth to Pierce
BERKELEY January through June
2018
Average Price
$619,642
$642,295
3.7%
$481
$507
5.3%
19
20
5.3%
$1,302,611
$1,375,000
5.6%
95
79
-16.8%
99.5%
99.0%
-0.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: 38th to I-70; Sheridan to Federal
4404 Wolff Street, Berkeley
13.9%
The average price for the Bonnie Brae/Belcaro area decreased by 13.9% January through June 2019 compared to that of 2018.
BONNIE BRAE/BELCARO January through June
2018
2019
Average Price
$1,345,577
$1,158,335
-13.9%
$535
$554
3.6%
38
39
2.6%
$2,700,000
$2,400,000
-11.1%
41
31
-24.4%
98.1%
96.2%
-1.97%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
BOW MAR/BOW MAR SOUTH January through June
2018
2019
Average Price
$1,551,833
$1,779,934
14.7%
$509
$441
-13.5%
104
91
-12.5%
$1,930,000
$3,250,000
68.4%
6
8
33.3%
94.3%
92.5%
-1.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
12.5%
January through June 2019, the average days on market in the area of Bow Mar/Bow Mar South decreased by 12.5% compared to that of 2018.
Boundaries: West Quincy Avenue to West Bowels Avenue
CAPITOL HILL January through June Average Price
2018 $403,398
$380,393
-5.7%
$375
$366
-2.4%
33
34
3.0%
$3,100,000
$3,056,000
-1.4%
220
174
-20.9%
99.4%
97.3%
-2.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: Broadway to Downing; 6th to Colfax
728 North Ogden Street, Capitol Hill
CASTLE PINES January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$718,761
$659,992
-8.2%
$248
$247
-0.5%
51
43
-15.7%
$1,800,000
$1,460,000
-18.9%
108
54
-50.0%
97.0%
97.6%
0.6%
15.7%
January through June 2019, the average days on market for Castle Pines decreased by 15.7% compared to that of 2018.
Boundaries: Country Club Parkway to Coyote Park; Daniels Park to Yorkshire
coloradomicroreports.com
THE VILLAGE CASTLE PINES January through June
2018
Average Price
$1,174,156
$1,318,409
12.3%
$333
$387
16.3%
135
101
-25.2%
$4,300,000
$2,675,000
-37.8%
81
65
-19.8%
94.5%
96.6%
2.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: US 85 & Copper Blush to Northwood; Daniels Park to Gate 5; Country Club to I-25
222 Equinox Drive, The Village Castle Pines
CHEESMAN January through June
2018
Average Price
Cheesman Park itself is the gathering grounds for many people where you will likely find volleyball nets, hula hoops, picnics and more as runners and cyclists circle this neighborhood.
$477,698
$528,339
10.6%
$386
$401
4.1%
19
33
73.7%
$2,738,225
$4,350,000
58.9%
74
103
39.2%
100.0%
97.8%
-2.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: York to Downing; Colfax to 8th
CHERRY CREEK NORTH January through June
2018
Average Price
$1,037,616
$1,386,222
33.6%
$491
$638
29.9%
78
78
0.0%
$2,700,000
$6,742,620
149.7%
74
92
24.3%
94.4%
95.8%
1.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: York to Colorado; 1st to 6th
520 Madison Street, Cherry Creek North
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
CHERRY CREEK EAST & SOUTH January through June
2018
Average Price
$737,060
$646,670
-12.3%
$396
$397
0.2%
79
57
-27.8%
$3,250,000
$1,275,000
-60.8%
68
61
-10.3%
97.5%
96.8%
-0.7%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price
Cherry Creek is the premier outdoor retail and dining destination with an impressive collection of art galleries and independently owned boutiques.
Boundaries: University to Colorado; Alameda to 1st
CHERRY HILLS VILLAGE January through June
2018
Average Price
$1,672,404
$1,965,500
17.5%
$400
$461
15.3%
74
49
-33.8%
$3,962,500
$3,689,000
-6.9%
40
32
-20.0%
93.2%
95.4%
2.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
9 Foxtail Circle, Cherry Hills Village
CHERRY HILLS VILLAGE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$3,186,896
$2,725,862
-14.5%
$481
$483
0.4%
142
80
-43.7%
$7,500,000
$8,200,000
9.3%
26
29
11.5%
91.8%
91.7%
-0.1%
Cherry Hills Village, located just south of Denver, was named for the cherry tree groves that lined the original town site.
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
coloradomicroreports.com
CITY PARK January through June
2018
Average Price
$618,186
$643,383
4.1%
$404
$419
3.7%
18
29
61.1%
$1,220,000
$1,219,000
-0.1%
51
29
-43.1%
100.1%
98.6%
-1.5%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Boundaries: Downing to York; 18th to Martin Luther King
2030 E 20th Ave Unit #103, City Park
21.4%
January through June 2019, the average days on market for City Park South decreased by 21.4% compared to that of 2018.
CITY PARK SOUTH January through June
2018
Average Price
$804,000
$735,950
-8.5%
$496
$512
3.4%
14
11
-21.4%
$1,100,000
$1,049,900
-4.6%
5
8
60.0%
99.4%
99.4%
0.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: York to Colorado; Colfax to 17th
COLUMBINE VALLEY January through June
2018
2019
Average Price
$1,212,406
$1,440,153
18.8%
$380
$410
7.8%
203
75
-63.1%
$2,590,000
$2,725,000
5.2%
20
15
-25.0%
96.2%
97.8%
1.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: South Polo Ridge Drive to West Boles Avenue; Platte Canyon Road to South Platte River
63 Brookhaven Drive, Columbine Valley
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
CONGRESS PARK January through June
2018
Average Price
$581,669
$638,614
9.8%
$438
$453
3.3%
17
29
70.6%
$1,760,000
$2,285,000
29.8%
113
85
-24.8%
99.9%
97.0%
-2.9%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price
9.8%
January through June 2019, the average price in Congress Park increased by 9.8% compared to that of 2018.
Boundaries: York to Colorado; 6th to Colfax
CORY-MERRILL January through June Average Price
2018 $918,425
$890,336
-3.1%
$459
$473
3.1%
46
56
21.7%
$1,677,000
$1,790,000
6.7%
69
60
-13.0%
98.7%
96.2%
-2.5%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price
Boundaries: South University Blvd to South Colorado Blvd; I-25 to East Mississippi Ave
1444 S Fillmore Street, Cory-Merrill
COUNTRY CLUB January through June
2018
Average Price
$3,499,119
$2,663,870
-23.9%
$728
$677
-7.0%
61
58
-4.9%
$5,668,830
$3,240,000
-42.8%
7
10
42.9%
96.6%
95.2%
-1.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
42.9%
January through June 2019, the number of properties sold in the Country Club neighborhood increased by 42.9% compared to that of 2018.
Boundaries: University to Downing 1st-4th; Race to University 4th-6th
coloradomicroreports.com
CRESTMOOR January through June
2018
Average Price
$1,322,516
$1,633,543
23.5%
$415
$525
26.5%
41
25
-39.0%
$2,450,000
$3,235,000
32.0%
17
15
-11.8%
99.9%
97.7%
-2.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: Holly to Monaco; Bayaud to 6th
377 Albion Street, Crestmoor
28.2%
January through June 2019, the average days on market in Downtown Denver decreased by 28.2% compared to that of 2018.
DOWNTOWN January through June Average Price
2018 $723,072
$777,288
7.5%
$519
$543
4.6%
78
56
-28.2%
$4,150,000
$4,115,000
-0.8%
70
61
-12.9%
96.2%
98.1%
1.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: Downtown Denver MLS Area
GOLDEN TRIANGLE January through June Average Price Average Price per Square Foot Average Days on Market* Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$603,929
$636,667
5.4%
$361
$419
16.2%
178
58
-67.4%
$1,055,000
$1,475,000
39.8%
50
12
-76.0%
98.6%
95.4%
-3.2%
Boundaries: North Speer Boulevard to Broadway; Colfax to 7th *Of the 83 residences sold January through December 2018, 43 residences were considered new construction.
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
GREENWOOD VILLAGE EAST January through June
2018
2019
Average Price
$1,234,387
$1,146,370
-7.1%
$353
$367
3.9%
59
82
39.0%
$2,130,000
$1,995,000
-6.3%
35
30
-14.3%
98.6%
95.3%
-3.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: I-25 to Havana; Belleview to Orchard
10426 E Powers Place, Greenwood Village
GREENWOOD VILLAGE WEST January through June
2018
2019
Average Price
$1,655,087
$1,748,547
5.6%
$399
$395
-0.9%
69
42
-39.1%
$3,375,000
$2,850,000
-15.6%
28
24
-14.3%
94.8%
94.2%
-0.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Over the past 50 years, Greenwood Village has gone from a land of gravel roads and small farms to an energetic blend of residential and commercial areas.
(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
GREENWOOD VILLAGE WEST January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$2,080,923
$1,734,071
-16.7%
$406
$390
-4.0%
102
74
-27.5%
$3,385,000
$3,300,000
-2.5%
13
7
-46.2%
95.1%
90.1%
-5.2%
(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
5750 S Steele Street, Greenwood Village
coloradomicroreports.com
HALE MAYFAIR January through June
2018
Average Price
$645,323
$721,988
11.9%
$494
$489
-0.9%
12
19
58.3%
$1,179,000
$1,820,000
54.4%
44
49
11.4%
101.1%
98.4%
-2.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: Colorado to Holly; 6th to Colfax
HERITAGE GREENS
58.7%
The highest price for the neighborhood of Heritage Greens increased by 58.7% January through June 2019 compared to that of 2018.
January through June Average Price
2018 $815,421
$866,204
6.2%
$296
$266
-10.0%
37
35
-5.4%
$1,024,000
$1,625,000
58.7%
7
14
100.0%
96.3%
98.6%
2.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: Dry Creek to County Line; Colorado Boulevard to Holly
HIGHLANDS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$597,047
$688,598
15.3%
$444
$454
2.3%
47
54
14.9%
$1,425,000
$2,300,000
61.4%
159
144
-9.4%
99.1%
96.3%
-2.8%
Boundaries: W 38th Ave to Speer Blvd; S Platte River to Federal Blvd
3545 Zuni Street, Highlands
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 •COLORADOMICROREPORTS.COM
(WEST) HIGHLANDS January through June Average Price
2018 $580,449
$650,964
12.1%
$492
$490
-0.6%
15
38
153.3%
$1,350,000
$1,900,000
40.7%
127
112
-11.8%
99.3%
98.0%
-1.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries:38th Ave; Federal to Sheridan
3699 Lowell Boulevard, Highlands
HIGHLANDS RANCH January through June Average Price
2018 $517,616
$527,535
1.9%
$250
$256
2.3%
12
17
41.7%
$2,767,865
$4,595,032
66.0%
276
285
3.3%
100.4%
99.2%
-1.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
66.0%
% Change
2019
The highest price in Highlands Ranch increased by 66.0% January through June 2019 compared to that of 2018.
Boundaries: Daniels Park to County Line; Santa Fe to Quebec
HILLTOP January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$1,262,953
$1,436,627
13.8%
$440
$451
2.6%
65
41
-36.9%
$2,650,000
$3,250,000
22.6%
44
52
18.2%
97.1%
93.9%
-3.4%
Boundaries: Alameda to 6th; Colorado to Holly
350 Grape Street, Hilltop
coloradomicroreports.com
HOMESTEAD January through June Average Price
2018 $583,896
$537,589
-7.9%
$300
$302
0.6%
20
42
110.0%
$1,275,000
$1,225,000
-3.9%
68
52
-23.5%
98.8%
96.9%
-1.9%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
5274 E Mineral Lane, Homestead
KEENE RANCH January through June Average Price
2018 $1,177,143
$1,168,250
-0.8%
$417
$351
-15.8%
114
139
21.9%
$2,375,000
$1,500,000
-36.8%
7
6
-14.3%
87.8%
91.9%
4.6%
Average Price per Square Foot
Located in the scenic foothills and bordering 1,500 acres of open space, Keene Ranch offers convenient access to Castle Rock and award-winning golf courses.
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road
KEN-CARYL NORTH RANCH January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$922,804
$1,043,125
13.0%
$272
$302
11.2%
68
12
-82.4%
$1,256,150
$1,337,500
6.5%
12
4
-66.7%
94.9%
98.5%
3.8%
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
7608 S Waverly Mountain, Ken-Caryl North Ranch
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
KEN-CARYL VALLEY January through June
2018
Average Price
$721,125
$872,199
20.9%
$291
$296
2.0%
29
23
-20.7%
$1,235,000
$2,700,000
118.6%
32
34
6.3%
99.2%
97.7%
-1.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
20.9%
% Change
2019
January through June 2019, the average price for the neighborhood of Ken-Caryl Valley increased by 20.9% compared to that of 2018.
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Caryl Ave
LAKEWOOD January through June
2018
Average Price
$489,620
$500,256
2.2%
$302
$305
1.0%
22
27
22.7%
$2,225,000
$2,425,000
9.0%
732
728
-0.5%
99.6%
98.4%
-1.2%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Boundaries: City of Lakewood
7128 W Adriatic, Lakewood
LOHI January through June
2018
Average Price
$616,191
$712,935
15.7%
$443
$448
1.3%
52
61
17.3%
$1,425,000
$2,300,000
61.4%
124
108
-12.9%
99.0%
95.9%
-3.1%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price
The Lower Highlands, LoHi for short, features an eclectic mix of coffee shops, street fairs, farmers markets, and more.
Boundaries: W 38th to I-25; Speer Blvd to Zuni Street
coloradomicroreports.com
LONE TREE January through June
2018
Average Price
$772,111
$860,257
11.4%
$278
$266
-4.4%
45
29
-35.6%
$2,400,000
$2,175,000
-9.4%
132
21
-84.1%
97.7%
97.9%
0.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: South of Ridgegate parkway to County Line; Peoria to Quebec
9343 Vista Hill Lane, Lone Tree
LOWRY January through June
Once an air force base, Lowry is now known for its green spaces, such as Sunset Park and Great Lawn Park, offering playgrounds, meadows and summer concerts.
2018
Average Price
$870,938
$835,705
-4.0%
$332
$324
-2.3%
23
25
8.7%
$1,650,000
$1,850,000
12.1%
23
18
-21.7%
99.1%
97.8%
-1.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: Quebec to Unita; Alameda to 11th
THE MEADOWS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$471,392
$470,580
-0.2%
$217
$225
3.6%
22
48
118.2%
$772,000
$765,000
-0.9%
226
247
9.3%
99.4%
98.1%
-1.2%
Boundaries: N Meadows Drive to Coachline Road; Breezy lane to Dairylide Street
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
MONTCLAIR January through June Average Price
2018 $690,611
$673,601
-2.5%
$424
$430
1.3%
40
33
-17.5%
$1,450,000
$1,600,000
10.3%
65
64
-1.5%
97.9%
96.5%
-1.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: Holly to Quebec; 6th to Colfax
7304 E 9th Ave, Montclair
OBSERVATORY PARK January through June
2018
Average Price
$1,178,376
$1,292,788
9.7%
$404
$462
14.5%
61
56
-8.2%
$1,950,000
$2,825,000
44.9%
33
49
48.5%
97.0%
95.0%
-2.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Observatory Park, named after the University of Denver’s Historic Chamberlin Observatory, is located off of Evans just blocks from The University of Denver.
Boundaries: University to Colorado; Evans to Yale
PARK HILL January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$755,886
$790,283
4.6%
$457
$477
4.5%
15
26
73.3%
$1,950,000
$2,920,000
49.7%
120
116
-3.3%
99.2%
97.4%
-1.8%
Boundaries: Colfax to 26th; Colorado to Quebec
4835 E 17th Ave, Park Hill
coloradomicroreports.com
PLATT PARK January through June
2018
Average Price
$661,524
$750,442
13.4%
$498
$566
13.6%
16
20
25.0%
$1,608,256
$1,957,422
21.7%
56
45
-19.6%
99.6%
98.6%
-1.1%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Boundaries: Broadway to Downing; Louisiana to Evans
1324 South Lincoln Street, Platt Park
POLO RESERVE
82.1%
The average days on market in Polo Reserve decreased by 82.1% January through June 2019 compared to that of 2018.
January through June
2018
Average Price
$1,240,000
$854,950
-31.1%
$317
$287
-9.4%
145
26
-82.1%
$1,570,000
$940,000
-40.1%
3
2
-33.3%
94.5%
97.2%
2.9%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price
Boundaries: North of Mineral; South of Arabian Pl; West of the S. Platte River; East of S. Platte Canyon Rd
PRADERA & TIMBERS January through June Average Price
2018 $801,525
$941,304
17.4%
$242
$248
2.2%
47
91
93.6%
$1,725,000
$1,900,000
10.1%
61
50
-18.0%
98.7%
96.7%
-2.0%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Boundaries: Pradera and Timbers Subdivisions in Parker
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 •COLORADOMICROREPORTS.COM
SADDLE ROCK January through June
2018
Average Price
$659,015
$668,892
1.5%
$206
$227
9.9%
54
72
33.3%
$960,000
$975,000
1.6%
42
40
-4.8%
97.8%
97.1%
-0.6%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price
Former home of the Colorado Open and numerous statewide amateur and professional events, Saddle Rock has become a preferred destination for a higher-end golf experience in the metro area.
Boundaries: North of E Dry Creek Rd; South of Smoky Hill Rd; West of E-470; East of S Liverpool St
SLOAN’S LAKE January through June
2018
% Change
2019
Average Price
$671,917
$659,340
-1.9%
Average Price per Square Foot
$500.77
$460
-8.2%
20
63
215.0%
$1,400,000
$1,275,000
-8.9%
70
53
-24.3%
98.3%
96.6%
-1.7%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Colfax to 29th; Sheridan to Federal
1919 Hooker Street, Sloan’s Lake
SOUTHERN HILLS January through June
2018
Average Price
$738,093
$816,582
10.6%
$421
$389
-7.4%
18
21
16.7%
$1,300,000
$1,325,000
1.9%
30
17
-43.3%
97.8%
98.5%
0.7%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price
10.6%
January through June 2019, the average price for the neighborhood of Southern Hills increased by 10.6% compared to that of 2018.
Boundaries: University to Colorado; Yale to Hampden
coloradomicroreports.com
SOUTHGLENN January through June
2018
Average Price
$472,243
$486,452
3.0%
$273
$288
5.6%
12
15
25.0%
$650,000
$560,000
-13.8%
30
21
-30.0%
101.5%
99.4%
-2.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: Washington to University; Arapahoe to Dry Creek
3378 E Easter Place, Southglenn
3.6%
The average price in Stapleton increased by 3.6% January through June 2019 compared to that of 2018.
STAPLETON January through June
2018
Average Price
$683,451
$708,003
3.6%
$316
$326
3.2%
48
50
4.2%
$1,470,000
$1,350,000
-8.2%
213
199
-6.6%
100.0%
99.4%
-0.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: Quebec to Havana; 23rd to 40th
TALLYN’S REACH January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$562,576
$589,569
4.8%
$217
$217
-0.4%
55
65
18.2%
$1,199,000
$889,000
-25.9%
55
54
-1.8%
99.2%
96.9%
-2.4%
Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470
24231 E Moraine Place, Tallyn’s Reach
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
UPTOWN January through June Average Price
2018 $446,301
$477,784
7.1%
$392
$391
-0.4%
35
27
-22.9%
$940,000
$1,364,900
45.2%
85
71
-16.5%
99.5%
98.4%
-1.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
22.9%
The average days on market for the neighborhood of Uptown decreased by 22.9% January through June 2019 compared to that of 2018.
Boundaries: North of Colfax; East of Broadway; South of 20th; 20th & Park to 19th; West of Josephine
WASHINGTON PARK EAST January through June
2018
2019
Average Price
$1,263,579
$1,391,699
10.1%
$621
$607
-2.3%
33
36
9.1%
$3,650,000
$3,650,000
0.0%
63
65
3.2%
97.6%
95.5%
-2.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Lousisana to Ellsworth; Downing to University
2301 E Alameda Ave, Washington Park
WASHINGTON PARK WEST January through June Average Price
2018 $725,048
$723,002
-0.3%
$485
$506
4.4%
21
29
38.1%
$2,060,000
$1,850,000
-10.2%
73
83
13.7%
100.1%
98.5%
-1.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Washington Park is a popular destination for outdoor recreation in Denver with its many running trails, bike paths, yoga spots, and paddle boarding areas.
Boundaries: Louisiana to Ellsworth; Broadway to Downing
coloradomicroreports.com
WHY COLORADO?
NATIONAL PARKS: 4
MOUNTAIN RANGES: 7
AVERAGE DAYS OF SUNSHINE ANNUALLY: 300
SKI AREAS & RESORTS: 28
CRAFT BREWERIES: 350+
The life you love.
livsothebysrealty.com | 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.