Denver Metro Q1 2019 Micro Market Report

MICROMARKET REPORT |

Denver Metro • Quarter 1 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: 4682 South Franklin Street, Cherry Hills Village

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DENVER METRO market update Consistently ranked as one of the best places to live, Denver Metro offers an unbeatable lifestyle with ideal weather, panoramic mountain views, and regularly added trendy restaurants and entertainment. Plus, a strong economy continues to drive people from out of state to call Denver their home.

LIV Sotheby’s International Realty reports on the Denver Metro real estate market, sectioning into 54 neighborhoods. Collectively, comparing the results of Q1 of 2019 to that of 2018, new listings increased by a notable 5.7%. This increase led to almost 15,000 new listings so far in 2019. Average price also increased by 2.1% and total dollar volume sold increased by 1.7%. These three increases show a healthy and active market for Denver Metro as we head into the spring and summer months of 2019.

Across the 54 neighborhoods there are notable increases in average price and decreases in average days on market, proving that 2019 is off to a very active start.

Cheesman saw an impressive 47.3% increase in average price to $614,695 in 2019, as well as a 11.8% increase in average price per square foot to $391. Downtown saw an astounding 48.7% increase in average price to $860,052 in 2019 and a 14.6% drop in average days on market to just 88 days in 2019. Golden Triangle also saw an impressive jump in average price by 34.8% to $790,833 in 2019. Many other neighborhoods also reported similar increases in average price as well as significant decreases in average days on market, resulting in a wonderful market for sellers to benefit.

DENVER METRO 2018

January through March

2019

% Change

New Listings

13,989

14,783

5.7%

Sold Listings (All Properties)

10,102

10,071

-0.3%

Sold Single Family

6,917

7,014

1.4%

Sold Attached Dwellings

3,185

3,057

-4.0%

$450,371

$459,639

2.1%

28

36

28.6

99.4%

97.7%

-1.7%

$4,549,652,307

$4,629,021,069

1.7%

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

Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson Attached Dwellings Include: Condos, Townhomes, and Duplexes

With the increase of Denver Metro buyers both within and outside of the state, buyers should be prepared to act quick when their Denver dream-home is found. The initial start to 2019 anticipates a very busy year for both buyers and sellers as Denver Metro has proven to be, and will most likely continue the path to be, an extremely hot market.

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 March

Average Price

2018 $488,907

$504,364

3.16%

$298

$349

17.11%

30

41

36.67%

$4,975,000

$10,750,000

116.08%

2,878

2,734

-5.00%

99.20%

97.10%

-2.12%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

Boundaries: City of Denver

1133 14th Street #3520, Denver

BAKER January through March

Average Price

2018 $473,809

$528,065

11.5%

$383

$377

-1.6%

77

108

40.3%

$700,000

$775,000

10.7%

23

25

8.7%

101.2%

95.9%

-5.2%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

Baker received historic district designation by the City of Denver in 2000, and is lined with 19th century brick houses and charming local restaurants and businesses.

Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway

BELL MOUNTAIN RANCH January through March

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$767,000

$909,583

18.6%

$302

$361

19.4%

208

89

-57.2%

$879,000

$1,640,000

86.6%

2

6

200.0%

97.4%

95.7%

-1.8%

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

200%

The number of properties sold in the neighborhood of Bell Mountain Ranch increased by 200%.

coloradomicroreports.com

BELMAR 2018

January through March

20%

Average Price

$467,360

$424,042

-9.3%

$254

$272

7.2%

38

55

44.7%

$1,125,000

$750,000

-33.3%

10

12

20.0%

98.5%

95.9%

-2.7%

Average Price per Square Foot Average Days on Market Highest Price

The properties sold for the neighborhood of Belmar increased by 20% January through March 2019 compared to that of 2018.

% Change

2019

Properties Sold % Sold Price to List Price Boundaries: Kentucky to Alameda; Wadsworth to Pierce

BERKELEY 2018

January through March

Average Price

Berkeley offers its residences an eclectic mix of popular dining options, local art galleries, and a convenient location near I-70.

$570,208

$624,121

9.5%

$504

$490

-2.7%

18

23

27.8%

$1,200,000

$1,375,000

14.6%

30

28

-6.7%

98.2%

98.4%

0.2%

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

BONNIE BRAE/BELCARO January through March

2018

2019

Average Price

$1,120,286

$1,161,306

3.7%

$507

$565

11.5%

29

33

13.8%

$2,500,000

$2,265,000

-9.4%

14

12

-14.3%

99.4%

95.9%

-3.5%

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

34 Polo Club Circle, Belcaro

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2019 • COLORADOMICROREPORTS.COM

BOW MAR/BOW MAR SOUTH January through March

Average Price

2018 $1,599,000

$1,634,320

2.2%

$524

$433

-17.2%

14

80

471.4%

$1,698,000

$2,950,000

73.7%

2

3

50.0%

97.9%

93.5%

-4.5%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Boundaries: West Quincy Avenue to West Bowels Avenue

5118 S Perry Street, Bow Mar

CAPITOL HILL January through March

Average Price

2018 $425,725

$328,187

-22.9%

$385

$358

-7.0%

46

43

-6.5%

$3,100,000

$1,030,000

-66.8%

95

64

-32.6%

99.6%

96.4%

-3.2%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

Castle Pines, located just 20 miles south of Denver, offers its residents the perfect balance of open space and urban living.

Boundaries: Broadway to Downing; 6th to Colfax

CASTLE PINES January through March

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$601,423

$631,338

5.0%

$245

$241

-1.9%

95

54

-43.2%

$899,000

$1,223,868

36.1%

13

20

53.8%

97.5%

97.7%

0.2%

Boundaries: Country Club Parkway to Coyote Park; Daniels Park to Yorkshire

1123 Northwood Lane, Castle Pines

coloradomicroreports.com

9.7% January through March 2019, the average price in the neighborhood of The Village Castle Pines increased by 9.7% compared to that of 2018.

THE VILLAGE CASTLE PINES 2018

January through March

Average Price

$1,209,452

$1,326,313

9.7%

$334

$403

20.7%

246

119

-51.6%

$2,600,000

$2,540,000

-2.3%

21

25

19.0%

92.9%

97.1%

4.5%

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

CHEESMAN 2018

January through March

Average Price

$417,293

$614,695

47.3%

$349

$391

11.8%

40

45

12.5%

$1,460,000

$4,350,000

197.9%

40

41

2.5%

97.9%

97.7%

-0.2%

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

1100 N Humboldt Street, Cheesman

2.8%

January through March 2019, the average price in the neighborhood of Cherry Creek North increased by 2.8% compared to that of 2018.

CHERRY CREEK NORTH January through March

2018

2019

Average Price

$1,152,625

$1,184,648

2.8%

$446

$506

13.4%

62

72

16.1%

$2,695,000

$2,975,000

10.4%

24

23

-4.2%

92.40%

95.00%

2.8%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

Boundaries: York to Colorado; 1st to 6th

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2019 • COLORADOMICROREPORTS.COM

CHERRY CREEK EAST & SOUTH 2018

January through March

Average Price

$720,108

$606,996

-15.7%

$381

$388

2.0%

64

70

9.4%

$3,250,000

$1,090,000

-66.5%

31

29

-6.5%

96.4%

96.2%

-0.3%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Boundaries: University to Colorado; Alameda to 1st

251 S GarďŹ eld Street #F, Cherry Creek

CHERRY HILLS VILLAGE January through March

Average Price

2018 $1,689,063

$1,612,818

-4.5%

$389

$413

6.1%

89

48

-46.1%

$3,962,500

$2,625,000

-33.8%

16

11

-31.3%

92.7%

95.5%

3.0%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

Cherry Hills Village, located just south of Denver, was named for the cherry tree groves that lined the original town site.

(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou

CHERRY HILLS VILLAGE January through March

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$2,644,038

$3,094,000

17.0%

$411

$452

9.7%

140

75

-46.4%

$4,125,000

$8,200,000

98.8%

8

5

-37.5%

91.0%

86.6%

-4.8%

(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou

70 Meade Lane, Cherry Hills Village

coloradomicroreports.com

CITY PARK 2018

January through March

Average Price

$577,366

$692,914

20.0%

$391

$412

5.4%

23

28

21.7%

$875,000

$1,105,400

26.3%

19

7

-63.2%

98.1%

98.9%

0.8%

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

CITY PARK SOUTH One of Denver’s most popular destinations, City Park is home to historical monuments, two lakes, picnic sites, playgrounds, and sweeping views of the city’s skyline.

January through March

2018

2019

Average Price

$804,000

$785,000

-2.4%

$496

$440

-11.3%

14

23

64.3%

$1,100,000

$800,000

-27.3%

5

2

-60.0%

97.5%

95.8%

-1.7%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

Boundaries: York to Colorado; Colfax to 17th

COLUMBINE VALLEY January through March

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$1,440,848

$1,534,825

6.5%

$439

$434

-1.0%

372

14

-96.2%

$2,590,000

$2,546,300

-1.7%

5

4

-20.0%

94.3%

97.0%

2.9%

Boundaries: South Polo Ridge Drive to West Boles Avenue; Platte Canyon Road to South Platte River

69 Brookhaven Drive, Columbine Valley

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CONGRESS PARK 2018

January through March

Average Price

$527,622

$681,838

29.2%

$407

$482

18.5%

20

26

30.0%

$1,152,500

$2,285,000

98.3%

41

29

-29.3%

99.7%

97.6%

-2.1%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Boundaries: York to Colorado; 6th to Colfax

867 Adams Street, Congress Park

CORY-MERRILL January through March

Average Price

2018 $917,716

$902,845

-1.6%

$474

$449

-5.4%

69

80

15.9%

$1,677,000

$1,599,000

-4.7%

32

29

-9.4%

95.9%

96.0%

0.1%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price

Named after John J. Cory and Louise A. Merrill, two influential Denver educators, Cory-Merrill neighborhood was founded in 1858 to be a dry town because its citizens didn’t like the saloons that had taken over Denver.

Boundaries: South University Blvd to South Colorado Blvd; I-25 to East Mississippi Ave

COUNTRY CLUB January through March

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$4,062,500

$3,096,264

-23.8%

$725

$561

-22.6%

159

137

-13.8%

$4,975,000

$3,240,000

-34.9%

2

4

100.0%

93.2%

89.5%

-3.9%

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

2301 E Alameda Ave, Country Club

coloradomicroreports.com

CRESTMOOR January through March

2018

2019

Average Price

$1,418,880

$1,672,267

17.9%

$430

$516

20.1%

58

41

-29.3%

$2,450,000

$3,235,000

32.0%

6

8

33.3%

98.0%

95.9%

-2.2%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

Boundaries: Holly to Monaco; Bayaud to 6th

210 Jasmine Street, Crestmoor

14.6%

January through March 2019, the average days on market in Downtown Denver decreased by 14.6% compared to that of 2018.

DOWNTOWN January through March

Average Price

2018 $578,252

$860,052

48.7%

$443

$532

20.0%

103

88

-14.6%

$1,865,000

$10,750,000

476.4%

103

84

-18.4%

97.0%

97.0%

0.0%

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 March

Average Price Average Price per Square Foot Average Days on Market* Highest Price Properties Sold % Sold Price to List Price

357 W 12th Ave, Golden Triangle

2018

% Change

2019

$586,861

$790,833

34.8%

$367

$446

21.5%

185

95

-48.6%

$1,055,000

$1,475,000

39.8%

18

6

-66.7%

98.9%

92.7%

-6.3%

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

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GREENWOOD VILLAGE EAST January through March

2018

Average Price

$1,229,567

$1,087,004

-11.6%

$335

374.1

11.8%

87

24

-72.4%

$2,100,000

$1,450,000

-31.0%

12

8

-33.3%

96.2%

94.7%

-1.6%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

Boundaries: I-25 to Havana; Belleview to Orchard

10487 E Crestline Place, Greenwood Village

GREENWOOD VILLAGE WEST January through March

2018

Average Price

$1,437,263

$1,776,800

23.6%

$371

$393

6.1%

71

19

-73.2%

$3,375,000

$2,275,000

-32.6%

8

5

-37.5%

92.2%

95.9%

4.0%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

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 March

Average Price Average Price per Square Foot Average Days on Market Highest Price

2018 $1,589,000

$1,747,500

10.0%

$478

$451

-5.7%

70

102

45.7%

$1,944,000

$1,775,000

-8.7%

3

2

-33.3%

94.3%

89.8%

-4.7%

Properties Sold % Sold Price to List Price

% Change

2019

(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25

5741 S Ash Court, Greenwood Village

coloradomicroreports.com

122.2%

The properties sold for the neighborhood of Hale Mayfair increased by 122.2% January through March 2019 compared to that of 2018.

HALE MAYFAIR 2018

January through March

Average Price

$714,333

$668,148

-6.5%

$493

$464

-5.9%

21

21

0.0%

$1,179,000

$1,400,000

18.7%

9

20

122.2%

100.9%

98.7%

-2.1%

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 January through March

Average Price

2018 $1,024,000

$792,390

-22.6%

$458

$247

-46.1%

9

71

688.9%

$1,024,000

$1,075,000

5.0%

1

5

400.0%

93.5%

98.0%

4.7%

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

7753 S Elm Court, Heritage Greens

29.4%

The average price for the neighborhood of Highlands, increased by 29.4% January through March 2019 compared to that of 2018.

HIGHLANDS January through March

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$553,310

$716,190

29.4%

$450

$423

-6.0%

53

41

-22.6%

$1,300,000

$2,300,000

76.9%

68

56

-17.6%

98.50%

96.70%

-1.8%

Boundaries: W 38th Ave to Speer Blvd; S Platte River to Federal Blvd

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2019 •COLORADOMICROREPORTS.COM

(WEST) HIGHLANDS January through March

Average Price

2018 $572,730

$605,755

5.8%

$478

$506

5.7%

18

32

77.8%

$1,025,000

$927,000

-9.6%

41

31

-24.4%

98.9%

97.1%

-1.8%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

5.8%

The average price for the neighborhood of (West) Highlands increased by 5.8% January through March 2019 compared to that of 2018.

Boundaries:38th Ave; Federal to Sheridan

HIGHLANDS RANCH January through March

Average Price

2018 $519,666

$533,504

2.7%

$248

$259

4.3%

17

23

35.3%

$2,405,000

$4,595,032

91.1%

103

94

-8.7%

100.3%

98.9%

-1.4%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

Boundaries: Daniels Park to County Line; Santa Fe to Quebec

10782 Mountshire Circle, Highlands Ranch

HILLTOP January through March

2018

Average Price

$1,304,727

1,370,455

5.0%

$451

$410

-9.1%

124

36

-71.0%

$2,650,000

$2,450,000

-7.5%

15

15

0.0%

96.1%

92.9%

-3.3%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

5.0%

The average price for the neighborhood of Hilltop increased by 5.0% January through March 2019 compared to that of 2018.

Boundaries: Alameda to 6th; Colorado to Holly

coloradomicroreports.com

HOMESTEAD January through March

Average Price

2018 $568,859

$539,825

-5.1%

$291

$298

2.3%

33

71

115.2%

$1,275,000

$1,225,000

-3.9%

17

20

17.6%

97.8%

94.7%

-3.1%

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

6486 S Forest Street, Homestead

KEENE RANCH January through March

Average Price

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.

2018 $951,250

$1,183,750

24.4%

$320

$378

18.0%

133

97

-27.1%

$1,200,000

$1,500,000

25.0%

4

4

0.0%

85.0%

92.1%

8.3%

Average Price per Square Foot 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 March

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$990,330

$1,060,000

7.0%

$278

$297

6.7%

97

29

-70.1%

$1,256,150

$1,060,000

-15.6%

5

1

-80.0%

95.3%

99.2%

4.0%

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

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

KEN-CARYL VALLEY January through March

2018

Average Price

$717,557

$891,097

24.2%

$300

$293

-2.5%

64

34

-46.9%

$1,125,000

$2,700,000

140.0%

7

15

114.3%

98.5%

96.8%

-1.7%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price

46.9%

January through March 2019, the average days on market for the neighborhood of Ken-Caryl Valley decreased by 46.9% compared to that of 2018.

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

LAKEWOOD January through March

2018

Average Price

$471,411

$476,775

1.1%

$300

$295

-1.6%

29

38

31.0%

$1,900,000

$1,318,370

-30.6%

298

281

-5.7%

99.0%

97.2%

-1.9%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Boundaries: City of Lakewood

6366 Hawthorn Lane, Lakewood

LOHI January through March

2018

Average Price

$573,756

$737,423

28.5%

$448

$447

-0.1%

53

41

-22.6%

$1,300,000

$2,300,000

76.9%

52

41

-21.2%

99.0%

96.5%

-2.5%

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 2018

January through March

Average Price

$825,028

$1,091,429

32.3%

$280

$289

3.1%

68

29

-57.4%

$1,500,000

$2,175,000

45.0%

54

7

-87.0%

97.1%

98.1%

1.1%

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

23.1%

The average days on market for the neighborhood of Lowry decreased by 23.1% January through March 2019 compared that of 2018.

LOWRY 2018

January through March

Average Price

$822,988

$571,116

-30.6%

$318

$302

-4.9%

39

30

-23.1%

$1,575,000

$853,500

-45.8%

13

6

-53.8%

99.4%

98.4%

-1.0%

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 March

2018

Average Price

$466,800

$455,570

-2.4%

$214

$228

6.5%

27

67

148.1%

$750,000

$705,000

-6.0%

83

102

22.9%

99.2%

97.5%

-1.7%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

Boundaries: N Meadows Drive to Coachline Road; Breezy lane to Dairylide Street

4424 Elegant Street, The Meadows

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

MONTCLAIR January through March

Average Price

2018 $682,703

$620,966

-9.0%

$410

431.54

5.2%

60

44

-26.7%

$682,703

$1,356,250

98.7%

23

26

13.0%

97.1%

95.4%

-1.7%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

98.7%

The highest price for the neighborhood of Montclair increased by 98.7% January through March 2019, compared to that of 2018.

Boundaries: Holly to Quebec; 6th to Colfax

OBSERVATORY PARK January through March

2018

Average Price

$1,279,375

$1,376,949

7.6%

$379

$452

19.0%

86

81

-5.8%

$1,950,000

$2,825,000

44.9%

16

16

0.0%

95.1%

93.0%

-2.3%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

Boundaries: University to Colorado; Evans to Yale

2508 S Madison Street, Observatory Park

PARK HILL January through March

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$706,283

$708,689

0.3%

$450

$468

4.1%

20

40

100.0%

$1,532,500

$1,672,500

9.1%

40

37

-7.5%

99.6%

95.3%

-4.3%

One of the city’s oldest neighborhoods which was established in 1887.

Boundaries: Colfax to 26th; Colorado to Quebec

coloradomicroreports.com

PLATT PARK 2018

January through March

Average Price

$703,889

$689,744

-2.0%

$477

$545

14.2%

23

21

-8.7%

$1,608,256

$1,370,000

-14.8%

22

18

-18.2%

99.1%

97.9%

-1.2%

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

515 E Iliff Ave, Platt Park

POLO RESERVE 2018

January through March

Average Price

This neighborhood is great for residents who are interested in equestrian riding and polo matches.

$1,570,000

$0

-100.0%

$410

$0

-100.0%

371

0

-100.0%

$1,570,000

$0

-100.0%

1

0

-100.0%

89.7%

0.0%

-100.0%

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 March

Average Price

2018 $688,245

$993,833

44.4%

$241

$243

0.8%

41

211

414.6%

$1,007,000

$1,900,000

88.7%

21

13

-38.1%

97.9%

94.0%

-4.0%

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

5530 Spur Cross Trail, Pradera & Timbers

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

2019 •COLORADOMICROREPORTS.COM

SADDLE ROCK January through March

2018

Average Price

$687,122

$668,936

-2.6%

$198

$226

14.5%

67

70

4.5%

$960,000

$875,000

-8.9%

13

12

-7.7%

98.2%

98.3%

0.1%

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 March

2018

Average Price

$630,163

$654,321

3.8%

$497

$423

-15.0%

26

145

457.7%

$1,151,820

$1,075,000

-6.7%

27

14

-48.1%

96.9%

97.7%

0.8%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Boundaries: Colfax to 29th; Sheridan to Federal

3231 W 21st Ave, Sloan’s Lake

SOUTHERN HILLS January through March

2018

Average Price

$745,500

$800,057

7.3%

$454

$342

-24.7%

32

19

-40.6%

$1,300,000

$1,225,000

-5.8%

7

7

0.0%

98.7%

98.1%

-0.6%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Boundaries: University to Colorado; Yale to Hampden

40.6%

January through March 2019, the average days on market for the neighborhood of Southern Hills decreased by 40.6% compared to that of 2018.

coloradomicroreports.com

2.2%

The average price for the neighborhood of Southglenn increased by 2.2% January through March 2019 compared to that of 2018.

SOUTHGLENN 2018

January through March

Average Price

$456,617

$466,583

2.2%

$283

$285

0.6%

8

29

262.5%

$550,000

$525,000

-4.5%

12

6

-50.0%

101.9%

98.0%

-3.8%

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

STAPLETON 2018

January through March

Average Price

$684,013

$688,628

0.7%

$311

$324

4.3%

46

28

-39.1%

$1,355,347

$1,350,000

-0.4%

62

69

11.3%

99.5%

98.9%

-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

5409 Valentina Street, Stapleton

TALLYN’S REACH January through March

Average Price

Tallyn’s Reach is known for its beautiful surroundings. Here, 200-year-old Ponderosa Pines accentuate the landscape from nearly every vantage.

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$545,807

$579,087

6.1%

$223

$220

-1.6%

74

89

20.3%

$835,000

$740,000

-11.4%

23

24

4.3%

98.1%

95.6%

-2.5%

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

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

UPTOWN January through March

Average Price

2018 $460,434

$527,791

14.6%

$367

$399

8.7%

33

34

3.0%

$900,000

$1,364,900

51.7%

28

29

3.6%

98.8%

98.4%

-0.3%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

3.6%

The properties sold for the neighborhood of Uptown increased by 3.6% January through March 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 March

Average Price

2018 $1,262,469

$1,268,101

0.4%

$586

$585

-0.1%

52

48

-7.7%

$3,650,000

$2,613,827

-28.4%

24

23

-4.2%

96.3%

92.7%

-3.7%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

Boundaries: Lousisana to Ellsworth; Downing to University

808 S Williams Street, Washington Park

WASHINGTON PARK WEST January through March

Average Price

2018 $694,097

$778,732

12.2%

$474

$489

3.2%

27

58

114.8%

$1,289,000

$1,850,000

43.5%

27

28

3.7%

99.3%

97.7%

-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

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.