MICROMARKET REPORT |
Foothills • Mid-Year 2019
FOOTHILLS NEIGHBORHOODS 18
19 14
1
6 7
8
13
2.
Upper Bear Creek
3.
Hangen Ranch
4.
Shadow Mountain
5.
Brook Forest
10 5
16 17
4 11 12
7.
Ridge at Hiwan
8.
Hiwan Golf Club
9. Tanoa
15 3
Soda Creek
6. Genesee
9 2
20
1.
10.
Evergreen Park Estates
11.
Evergreen Meadows West
12.
Conifer Mountain
13.
Hiwan Hills
14.
Spring Ranch
15.
Bear Mountain
16.
Evergreen Highlands
17.
Evergreen Meadows
18.
Lookout Mountain
19.
Mount Vernon Canyon
20.
Riva Chase
Pictured on cover: 81 Outpost Lanes
coloradomicroreports.com
FOOTHILLS market update The Colorado Foothills are ideally positioned with close proximity to Denver, combined with an easy drive to the renowned resort communities. This sought-after area offers open space, abundant wildlife, and an adventure-worthy lifestyle. Neighborhoods such as Genesee, Lookout Mountain, and Hiwan Hills complete the Foothills, which provides picturesque views and parallels the Front Range. LIV Sotheby’s International Realty produces a Micro Market Report revealing real
January – June 2019 Highlights:
estate performance for the Colorado Foothills for January through June of 2019, compared to that of 2018. A significant highlight from this year’s report includes an 89.9% increase in average price for Hangen Ranch, bringing the new average price in 2019 to $1,465,000, from $771,380 for 2018. The Spring Ranch neighborhood also reported a notable increase in average price of 60.1%, to $2,000,000 in 2019. Impressively, there were numerous increases in properties sold including a 150% increase for Hiwan Hills, to 15 homes sold in 2019 compared to six in 2018. Interestingly, average days on market increased for many neighborhoods, meaning that buyers are in a great spot heading into the second half of 2019 with the ability
• Hangen Ranch’s average price increased to $1,465,000
89.9%
• Spring Ranch’s average price increased to $2,000,000
60.1%
• Hiwan Hills increased the number of properties sold to 15 in 2019 compared to six in 2018
150%
to have a little more time for purchasing decisions. Sellers will also see benefits in 2019 with an increase in average price for many of the neighborhoods. The Mid-Year Micro Market Report for the Colorado Foothills provides more details into each of the unique neighborhoods that make up this increasingly popular area. Within this report you will find January through June 2019 performance compared to the same time frame of 2018 for average price, average price per square foot, average days on market, highest price, number of properties sold, and percentage sold-price to list-price.
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 | Foothills 2019 • COLORADOMICROREPORTS.COM
BEAR MOUNTAIN January through June
2018
Average Price
$1,189,640
$1,086,250
-8.7%
$304
$290
-4.6%
35
201
474.3%
$1,900,000
$1,450,000
-23.7%
5
2
-60.0%
95.7%
97.4%
1.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
1.8%
% Change
January through June 2019, the percentage of sold price to list price for Bear Mountain increased by 1.8% compared to that of 2018.
BROOK FOREST January through June Average Price
2018
$489,154
4.2%
$292
$312
7.1%
43
24
-44.2%
$721,000
$585,000
-18.9%
9
13
44.4%
98.6%
99.1%
0.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$469,333
Average Price per Square Foot
Highest Price
2019
6798 Berry Bush Lane, Brook Forest
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
2018
2019
% Change
$685,667
$728,313
6.2%
$297
$279
-5.9%
14
37
164.3%
$840,000
$1,000,000
19.0%
6
8
33.3%
100.3%
98.1%
-2.3%
19.0%
January through June 2019, the highest price for Conifer Mountain increased by 19.0% compared to that of 2018.
coloradomicroreports.com
EVERGREEN HIGHLANDS January through June
2018
Average Price
$751,535
24.2%
$372
$336
-9.6%
4
20
400.0%
$650,000
$1,000,000
53.8%
4
9
125.0%
100.7%
100.0%
-0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
6.0%
January through June 2019, the average price per square foot for the neighborhood of Evergreen Meadows increased by 6.0% compared to that of 2018.
% Change
$605,250
Average Price per Square Foot
Highest Price
2019
EVERGREEN MEADOWS January through June Average Price
2018
$717,750
-2.7%
$244
$259
6.0%
21
40
90.5%
$1,010,000
$1,050,000
4.0%
14
10
-28.6%
97.5%
96.1%
-1.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$738,036
Average Price per Square Foot
Highest Price
2019
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
2018
2019
% Change
$523,500
$615,083
17.5%
$304
$272
-10.6%
47
12
-74.5%
$640,000
$815,000
27.3%
5
6
20.0%
102.7%
99.0%
-3.7%
MICROMARKET REPORT | Foothills livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
EVERGREEN PARK ESTATES January through June
2018
Average Price
$657,167
19.9%
$304
$304
-0.1%
17
11
-35.3%
$800,000
$820,000
2.5%
7
6
-14.3%
103.5%
100.0%
-3.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$548,286
Average Price per Square Foot
Highest Price
2019
35.3%
January through June 2019, the average days on market for Evergreen Park Estates decreased by 35.3% compared to that of 2018.
GENESEE January through June
2018
Average Price
% Change
$908,835
$990,127
8.9%
$357
$349
-2.0%
51
56
9.8%
$1,478,000
$2,150,000
45.5%
24
26
8.3%
97.2%
97.0%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price
2019
Properties Sold % Sold Price to List Price
Tucked away along the I-70 corridor, Genesee is a place of natural beauty and serenity and has won many awards for stewardship of native ecology and wildfire mitigation.
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
2018
2019
% Change
$771,380
$1,465,000
89.9%
$326
$440
34.8%
66
284
330.3%
$926,000
$1,630,000
76.0%
5
2
-60.0%
97.6%
87.4%
-10.5%
35025 Buffalo Park Road, Hagen Ranch
coloradomicroreports.com
HIWAN GOLF CLUB January through June Average Price
2018
$917,833
5.8%
$318
$309
-2.6%
38
59
55.3%
$1,800,000
$1,725,000
-4.2%
12
12
0.0%
99.1%
95.9%
-3.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$867,375
Average Price per Square Foot
Highest Price
2019
2101 Torrey Pine Drive, Hiwan Golf Club
150.0%
January through June 2019, the amount of properties sold for the neighborhood of Hiwan Hills increased by 150.0% compared to that of 2018.
HIWAN HILLS January through June Average Price
2018
$673,133
6.1%
$245
$283
15.8%
4
15
275.0%
$750,000
$920,000
22.7%
6
15
150.0%
100.9%
98.5%
-2.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$634,250
Average Price per Square Foot
Highest Price
2019
LOOKOUT MOUNTAIN January through June Average Price
Known for its natural scenery, Lookout Mountain is a 7,377-foot peak of the Rocky Mountains just west of downtown Golden.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$763,666
$601,000
-21.3%
$335
$339
1.1%
34
70
105.9%
$1,021,401
$700,000
-31.5%
8
3
-62.5%
98.6%
92.5%
-6.2%
MICROMARKET REPORT | Foothills livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
MOUNT VERNON CANYON January through June
2018
Average Price
$690,000
23.4%
$289
$348
20.4%
95
14
-85.3%
$683,000
$690,000
1.0%
2
1
-50.0%
95.2%
99.3%
4.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$559,000
Average Price per Square Foot
Highest Price
2019
25371 Ridge Way, Mount Vernon Canyon
RIDGE AT HIWAN January through June
2018
2019
Average Price
$1,084,154
$1,128,060
4.0%
$329
$338
2.7%
37
31
-16.2%
$1,435,000
$1,450,000
1.0%
13
13
0.0%
96.7%
96.9%
0.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
The Ridge at Hiwan offers multiple homes that back to open space where it is a common site to see a herd of Elk lounging in yards throughout the neighborhood.
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
2018
2019
% Change
$963,668
$1,325,667
37.6%
$285
$312
9.6%
188
298
58.5%
$1,100,000
$1,800,000
63.6%
2
3
50.0%
91.4%
84.5%
-7.5% 1204 Snowberry Drive, Riva Chase
coloradomicroreports.com
78.9%
January through June 2019, the average days on market for the neighborhood of Shadow Mountain decreased by 78.9% compared to that of 2018.
SHADOW MOUNTAIN January through June Average Price
2018
$520,750
4.9%
$276
$280
1.3%
19
4
-78.9%
$772,500
$597,250
-22.7%
4
4
0.0%
99.5%
101.6%
2.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$496,625
Average Price per Square Foot
Highest Price
2019
SODA CREEK January through June
2018
2019
Average Price
$1,357,700
$1,114,700
-17.9%
$326
$435
33.3%
136
72
-47.1%
$2,212,500
$1,305,000
-41.0%
11
3
-72.7%
93.9%
92.9%
-1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
34750 Fox Ridge Road, Soda Creek
31.3%
January through June 2019, the average price per square foot for the neighborhood of Spring Ranch increased by 31.3% compared to that of 2018.
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
2018
2019
% Change
$1,249,606
$2,000,000
60.1%
$419
$551
31.3%
119
40
-66.4%
$1,500,925
$2,000,000
33.3%
4
1
-75.0%
95.3%
100.0%
4.9%
MICROMARKET REPORT | Foothills livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
TANOA January through June Average Price
2018
$949,900
-3.6%
$352
$359
2.1%
30
126
320.0%
$1,375,000
$949,900
-30.9%
5
1
-80.0%
98.6%
98.0%
-0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$985,400
Average Price per Square Foot
Highest Price
2019
3124 Elk View Drive, Tanoa
UPPER BEAR CREEK January through June
2018
Average Price
$800,500
$706,000
-11.8%
$327
$273
-16.5%
32
105
228.1%
$950,000
$1,375,000
44.7%
4
5
25.0%
98.8%
89.5%
-9.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
% Change
EVERGREEN HIGH SCHOOL IN COLORADO RANKINGS: 10
25.0%
The number of properties sold for the Upper Bear Creek area increased by 25.0% January through June 2019 compared to that of 2018.
AVERAGE COMMUTE TIME TO METRO DENVER: 30 MINUTES
coloradomicroreports.com
IMAGINE.
Introducing CURATE by Sotheby ’s International Realty Sotheby’s International Realty is the first real estate brand to launch and implement a virtual staging augmented reality (AR) app:
DESIGN.
Curate by Sotheby’s International Realty. This mobile app brings a home’s virtual staging images from 2-D perception into augmented reality, allowing customers to visualize a house as their own before purchase, thereby curating the homebuying experience.
SHOP.
Available now for download in the Google Play Store and the iOS App Store.
The life you love.
coloradomicroreports.com | livsothebysrealty.com Based on Information from REColorado. This representation is based in whole or in part on data supplied by REColorado. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.