MICROMARKET REPORT |
Foothills • Quarter 1 2019
FOOTHILLS NEIGHBORHOODS 18
19 14
1
6 7
8
13
10 5
2.
Upper Bear Creek
3.
Hangen Ranch
4.
Shadow Mountain
5.
Brook Forest
7.
Ridge at Hiwan
8.
Hiwan Golf Club
9. Tanoa
15 3
Soda Creek
6. Genesee
9 2
20
1.
16 17
4 11 12
10.
Evergreen Valley 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: 6009 Flat Creek Drive, Evergreen.
coloradomicroreports.com
FOOTHILLS market update The well-known Colorado Foothills parallel the Front Range, offering open space, spectacular mountain views, and abundant wildlife. Neighborhoods such as Genesee, Lookout Mountain, and Hiwan Hills complete the Foothills and many are drawn to living in this location due to the close proximity to Denver and easy drive to the resort communities. LIV Sotheby’s International Realty produces a Foothills Micro Market Report
January-March 2019 Highlights:
comparing real estate activity for Q1 of 2019 to Q1 of 2018. A significant highlight from this year’s report includes a 113.9% increase in average price for Hangen Ranch, bringing the new average price in 2019 to $1,465,000, from $684,950 for 2018. Evergreen Meadows West also showed a notable increase in average price of
• Hangen Ranch’s average price is $1,465,000
113.9%
• Evergreen Meadows West’s average price is $776,000
56.3%
• Hiwan Golf Club’s average price is $1,098,600
38.1%
• Conifer Mountains average price is $656,000
19.3%
53.6%, to $776,000 in 2019. Proving that 2019 is off to a healthy start for real estate, many Foothills’ communities reported noticeable increases in the number of properties sold. Conifer Mountain, Evergreen Meadows, and Upper Bear Creek saw increases of 100% of properties sold in Q1 of 2019 compared to Q1 of 2018. Hiwan Hills also reported a significant increase of 66.7% of properties sold to five properties in 2019, from three properties in 2018. Each neighborhood within the Colorado Foothills provides a different environment, thus a different real estate market. This report details each neighborhood to provide an overview of Q1 2019 results compared to Q1 2018 for average price, average price per square foot, average days on market, highest price, 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 March Average Price
2018
$722,500
-33.7%
$283
$267
-5.8%
72
2
-97.2%
$1,275,000
$722,500
-43.3%
2
1
-50.0%
91.5%
99.7%
8.9%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,089,500
Average Price per Square Foot
Highest Price
2019
25448 Stanley Park Road, Bear Mountain
BROOK FOREST January through March Average Price
2018
$525,000
0.9%
$300
$398
32.8%
68
5
-92.6%
$721,000
$585,000
-18.9%
4
2
-50.0%
97.7%
101.7%
4.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$520,250
Average Price per Square Foot
Highest Price
2019
23.5% of Brook Forest’s residents work from home, which is a higher percentage than 99.7% of other United States’ neighborhoods.
CONIFER MOUNTAIN January through March
2018
2019
Average Price
$550,000
$656,000
19.3%
$259
$206
-20.5%
5
20
300.0%
$555,000
$682,000
22.9%
1
2
100.0%
105.7%
99.8%
-5.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
11763 Braun Way, Conifer Mountain
coloradomicroreports.com
EVERGREEN HIGHLANDS January through March
2018
Average Price
$598,000
$663,571
11.0%
$355
$341
-3.9%
2
4
100.0%
$620,000
$770,000
24.2%
2
3
50.0%
100.0%
99.7%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
% Change
6383 Little Cub Creek Road, Evergreen Highlands
15.1%
January through March 2019, the average price for the neighborhood of Evergreen Meadows increased by 15.1% compared to that of 2018.
EVERGREEN MEADOWS January through March
2018
Average Price
$594,500
$684,125
15.1%
$240
$231
-3.4%
44
88
100.0%
$629,000
$880,000
39.9%
2
4
100.0%
95.9%
96.9%
1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
% Change
EVERGREEN MEADOWS WEST January through March Average Price
All residences within Evergreen Meadows West boast 2+ acre lots that enjoy sweeping views of the Rocky Mountains.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$505,250
$776,000
53.6%
$286
$183
-36.1%
81
14
-82.7%
$545,500
$776,000
42.3%
2
1
-50.0%
98.6%
97.6%
-1.0%
MICROMARKET REPORT | Foothills livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
EVERGREEN PARK ESTATES January through March
2018
Average Price
$0
-100.0%
$333
$0
-100.0%
5
0
-100.0%
$800,000
$0
-100.0%
3
0
-100.0%
108.7%
0.0%
-100.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$587,333
Average Price per Square Foot
Highest Price
2019
Evergreen Park Estates is a quiet area. Most home sites are between 1-2 acres and have wooded lots. This area is convenient to Three Sisters’ open space park and is about 10 minutes or less to area shopping.
GENESEE January through March
2018
Average Price
% Change
$894,755
$842,833
-5.8%
$299
$363
21.3%
81
25
-69.1%
$1,400,000
$1,262,500
-9.8%
10
12
20.0%
94.5%
98.6%
4.3%
Average Price per Square Foot Average Days on Market Highest Price
2019
Properties Sold % Sold Price to List Price
25784 Bristlecone Court, Genesee
HANGEN RANCH January through March
2018
Average Price
$684,950
$1,465,000
113.9%
$275
$440
60.0%
156
284
82.1%
$779,900
$1,630,000
109.0%
2
2
0.0%
93.7%
87.4%
-6.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
% Change
109%
January through March 2019, the highest price for the neighborhood of Hangen Ranch increased by 109% compared to that of 2018.
coloradomicroreports.com
HIWAN GOLF CLUB January through March Average Price
2018
$1,098,600
38.1%
$304
$353
16.3%
70
112
60.0%
$850,000
$1,725,000
102.9%
6
5
-16.7%
99.4%
95.1%
-4.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$795,250
Average Price per Square Foot
Highest Price
2019
2580 Pinehurst Drive, Hiwan Golf Club
66.7%
January through March 2019, amount of properties sold for the neighborhood of Hiwan Hills increased by 66.7% compared to that of 2018.
HIWAN HILLS January through March Average Price
2018
$646,200
5.8%
$263
$325
23.7%
2
20
900.0%
$715,000
$699,999
-2.1%
3
5
66.7%
101.6%
95.9%
-5.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$610,667
Average Price per Square Foot
Highest Price
2019
LOOKOUT MOUNTAIN January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$770,958
$601,000
-22.0%
$320
$339
5.8%
61
70
14.8%
$1,021,401
$700,000
-31.5%
4
3
-25.0%
96.6%
92.5%
-4.2%
MICROMARKET REPORT | Foothills livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
MOUNT VERNON CANYON January through March
2018
Average Price
$0
-100.0%
$289
$0
-100.0%
95
0
-100.0%
$683,000
$0
-100.0%
2
0
-100.0%
95.2%
0.0%
-100.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$559,000
Average Price per Square Foot
Highest Price
2019
The town is best known as the home of Robert W. Steele, who made it the de facto capital of the unofficial Territory of Jefferson while he was governor in 1859–1861.
RIDGE AT HIWAN January through March Average Price
2018
$1,181,667
14.7%
$304
$323
6.3%
86
30
-65.1%
$1,435,000
$1,320,000
-8.0%
4
3
-25.0%
92.1%
95.4%
3.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,030,000
Average Price per Square Foot
Highest Price
2019
30376 Snowbird Lane, Ridge at Hiwan
RIVA CHASE January through March 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
$847,000
-12.1%
$285
$285
0.0%
188
263
39.9%
$1,100,000
$847,000
-23.0%
2
1
-50.0%
91.4%
91.7%
0.3%
Riva Chase translates to “chasing a dream” in Italian. The average lot size in this community ranges between half an acre and two acres.
coloradomicroreports.com
SHADOW MOUNTAIN January through March Average Price
Shadow Mountain, located in beautiful Conifer, Colorado, is surrounded by hiking trails and offers residences easy access to Staunton State Park.
2018
% Change
$377,500
$0
-100.0%
$315
$0
-100.0%
5
0
-100.0%
$505,000
$0
-100.0%
2
0
-100.0%
Average Price per Square Foot Average Days on Market Highest Price
2019
Properties Sold
SODA CREEK January through March Average Price
2018
$0
-100.0%
$297
$0
-100.0%
123
0
-100.0%
$2,000,000
$0
-100.0%
5
0
-100.0%
92.6%
0.0%
-100.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,233,000
Average Price per Square Foot
Highest Price
2019
SPRING RANCH Spring Ranch encompasses 360 acres of pine and aspen-laden hills and is situated between the communities of Genesee and Evergreen.
January through March
2018
Average Price
$1,311,250
$0
-100.0%
$502
$0
-100.0%
23
0
-100.0%
$1,450,000
$0
-100.0%
2
0
-100.0%
99.9%
0.0%
-100.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
% Change
MICROMARKET REPORT | Foothills livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
TANOA January through March Average Price
2018
$949,900
-11.2%
$370
$359
-2.8%
36
126
250.0%
$1,375,000
$949,900
-30.9%
4
1
-75.0%
97.3%
98.0%
0.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,069,250
Average Price per Square Foot
Highest Price
2019
31493 Blackfeather Trail, Tanoa
UPPER BEAR CREEK January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$715,000
$445,000
-37.8%
$295
$294
-0.2%
3
21
600.0%
$715,000
$530,000
-25.9%
1
2
100.0%
102.1%
91.5%
-10.4%
EVERGREEN HIGH SCHOOL IN COLORADO RANKINGS: 10
100%
The number of properties sold in the neighborhood of Upper Bear Creek increased by 100% January through March 2019 compared to that of 2018.
AVERAGE COMMUTE TIME TO METRO DENVER: 30 MINUTES
coloradomicroreports.com
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.