Denver Metro Q3 2019 Micro Market Report

MICROMARKET REPORT |

Denver Metro • Q3 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

44

42

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 at 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: 5901 Piedmont Drive

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DENVER METRO market update Denver Metro’s population continues to rise as more and more people flock to Colorado for its natural beauty, gorgeous weather, business opportunities, and flourishing economy. With an influx of new residents, the real estate market has also seen an increase in activity.

LIV Sotheby’s International Realty reports on the Denver Metro real estate market, sectioning into 54 neighborhoods. Collectively, comparing the results through Q3 of 2019 to that of 2018, new listings increased by a notable 4.8%. This increase led to almost 54,000 new listings so far in 2019. Total dollar volume sold increased by 5.7%. These two increases show a healthy and active market for Denver Metro as we head into the winter months of 2019 and prepare to enter into 2020.

Across the 54 neighborhoods there are notable increases in average price and decreases in average days on market, proving that 2019 has been very active. Cherry Creek North saw an impressive 35.2% increase in average price to $1,380,599 in 2019, as well as a 23.2% increase in average price per square foot to $624.

Downtown (including condos) saw an astounding 21.4% increase in average price to $713,973 in 2019. City Park South saw the largest increase in overall properties sold, rising by 57.1% to 11 properties sold in 2019. Many neighborhoods saw decreases in average days on market, with Columbine Valley showing to the largest decrease of 61.0% to just 62 average days on market for 2019.

DENVER METRO

January through September

2018

2019

% Change

New Listings

51,463

53,919

4.8%

Sold Listings (All Properties)

39,902

41,051

2.9%

Sold Single Family Average Price Single Family Sold Attached Dwellings Average Price Attached Dwellings Average Days on Market % Sold Price to Original List Price

28,092

28,855

2.7%

$515,455

$524,808

1.8%

11,810

12,196

3.3%

$347,707

$359,844

3.5%

23

30

30.4%

99.4%

97.1%

-2.3%

Total Dollar Volume Sold $18,586,566,313 $19,649,402,461 5.7% Both buyers and sellers can use the current market conditions to their advantage.

The increase in prices across the bulk of neighborhoods in the Denver Metro area Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson Attached Dwellings Include: Condos, Townhomes, and Duplexes show that buyers are willing to pay for the home they want. On the other hand, many areas did show that buyers have longer days on market working in their favor, allowing them to take their time when searching for their next investment. Overall Denver Metro’s market is thriving and will likely continue to do so for the time being.

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 September Average Price

2018

2019

% Change

$523,025

$544,179

4.0%

$352

$359

2.0%

24

31

29.2%

$4,975,000

$10,750,000

116.1%

Properties Sold

10,771

10,916

1.3%

% Sold Price to List Price

98.9%

96.8%

-2.1%

Average Price per Square Foot Average Days on Market Highest Price

Boundaries: City of Denver

857 Race Street, Denver

BAKER January through September Average Price

2018

$515,221

5.3%

$400

$407

1.7%

36

64

77.8%

$940,000

$900,000

-4.3%

94

103

9.6%

100.0%

98.0%

-2.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$489,198

Average Price per Square Foot

Highest Price

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

2018

2019

% Change

$897,333

$929,139

3.5%

$316

$344

8.9%

154

112

-27.3%

$1,400,000

$1,695,000

21.1%

18

18

0.0%

95.4%

96.4%

1.1%

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

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BELMAR

2.9%

January through September

2018

Average Price

$435,776

2.9%

$283

$278

-1.8%

20

46

130.0%

$1,125,000

$799,000

-29.0%

34

40

17.6%

99.1%

97.2%

-1.9%

Average Days on Market Highest Price

% Change

$423,469

Average Price per Square Foot

The average price for the neighborhood of Belmar increased by 2.9% January through September 2019 compared to that of 2018.

2019

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

BERKELEY January through September

2018

Average Price

$640,393

4.5%

$482

$516

7.1%

18

22

22.2%

$1,302,611

$1,375,000

5.6%

124

131

5.6%

99.2%

98.2%

-1.0%

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

$613,087

Average Price per Square Foot

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

2019

Boundaries: 38th to I-70; Sheridan to Federal

BONNIE BRAE/BELCARO January through September

2018

2019

Average Price

$1,310,273

$1,267,765

-3.2%

$542

$576

6.3%

38

41

7.9%

$2,700,000

$4,875,000

80.6%

57

50

-12.3%

98.4%

95.4%

-3.0%

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

815 S Cove Way, Bonnie Brae

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BOW MAR/BOW MAR SOUTH January through September

2018

2019

Average Price

$1,475,292

$1,597,855

8.3%

$481

$432

-10.2%

58

66

13.8%

$2,350,000

$3,250,000

38.3%

12

14

16.7%

97.0%

92.9%

-4.2%

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

% Change

8.3%

The average price for the neighborhoods of Bow Mar/Bow Mar South increased by 8.3% January through September 2019 compared to that of 2018.

Boundaries:

CAPITOL HILL January through September Average Price

2018

$369,783

-3.9%

$374

$369

-1.4%

35

33

-5.7%

$3,100,000

$3,056,000

-1.4%

337

297

-11.9%

98.9%

97.0%

-1.9%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$384,941

Average Price per Square Foot

Highest Price

2019

Boundaries: Broadway to Downing; 6th to Colfax

CASTLE PINES January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$730,538

$747,159

2.3%

$248

$261

5.2%

56

50

-10.7%

$1,925,670

$2,400,000

24.6%

171

176

2.9%

97.0%

98.9%

2.0%

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

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

coloradomicroreports.com

THE VILLAGE AT CASTLE PINES January through September

2018

Average Price

$1,191,863

$1,294,534

8.6%

$345

$389

12.8%

138

94

-31.9%

$4,300,000

$2,675,000

-37.8%

118

95

-19.5%

92.0%

96.2%

4.6%

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

2019

% Change

Boundaries: US 85 & Copper Blush to Northwood; Daniels Park to Gate 5; Country Club to I-25

222 Equinox Drive, The Village at Castle Pines

6.9%

January through September 2019, the average price in the neighborhood of Cheesman increased by 6.9% compared to that of 2018.

CHEESMAN January through September Average Price

2018

$515,942

6.9%

$385

$396

2.9%

21

37

76.2%

$3,380,000

$4,350,000

28.7%

118

156

32.2%

98.5%

98.7%

0.2%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$482,630

Average Price per Square Foot

Highest Price

2019

Boundaries: York to Downing; Colfax to 8th

CHERRY CREEK NORTH January through September

2018

Average Price

$1,021,314

$1,380,599

35.2%

$506

$624

23.2%

68

75

10.3%

$2,700,000

$6,742,620

149.7%

103

135

31.1%

94.8%

95.2%

0.4%

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

2019

% Change

Boundaries: York to Colorado; 1st to 6th

537 Steele Streetf, Cherry Creek North

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CHERRY CREEK EAST & SOUTH January through September

2018

Average Price

% Change

$722,203

$693,476

-4.0%

$395

$411

4.1%

67

60

-10.4%

$3,250,000

$2,100,000

-35.4%

99

104

5.1%

96.2%

96.2%

0.0%

Average Price per Square Foot Average Days on Market Highest Price

2019

Properties Sold % Sold Price to List Price

5.1%

The number of properties sold in Cherry Creek East & South increased by 5.1% January through September 2019 compared to that of 2018

Boundaries: University to Colorado; Alameda to 1st

CHERRY HILLS VILLAGE January through September

2018

Average Price

$1,694,146

$1,958,240

15.6%

$404

$446

10.5%

71

66

-7.0%

$3,962,500

$3,689,000

-6.9%

56

45

-19.6%

93.2%

93.7%

0.6%

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

2019

% Change

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

2018

2019

% Change

$2,899,748

$2,614,861

-9.8%

$469

$479

2.2%

134

82

-38.8%

$7,500,000

$8,200,000

9.3%

36

36

0.0%

89.0%

91.9%

3.3%

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

4101 S Colorado Blvd, Cherry Hills Village

coloradomicroreports.com

CITY PARK January through September

2018

Average Price

% Change

$606,548

$623,168

2.7%

$399

$413

3.5%

16

31

93.8%

$1,220,000

$1,219,000

-0.1%

81

48

-40.7%

100.3%

99.4%

-0.9%

Average Price per Square Foot Average Days on Market Highest Price

2019

Properties Sold % Sold Price to List Price Boundaries: Downing to York; 18th to Martin Luther King

1632 vine Street, City Park

CITY PARK SOUTH January through September

2018

Average Price

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.

$700,236

-13.2%

$505

$479

-5.2%

14

11

-21.4%

$1,100,000

$1,049,900

-4.6%

7

11

57.1%

97.5%

97.4%

-0.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$807,143

Average Price per Square Foot

Highest Price

2019

Boundaries: York to Colorado; Colfax to 17th

11.8%

January through September 2019, the average price in the neighborhood of Columbine Valley increased by 11.8% compared to that of 2018.

COLUMBINE VALLEY January through September

2018

2019

Average Price

$1,232,634

$1,378,063

11.8%

$400

$426

6.4%

159

62

-61.0%

$2,590,000

$2,725,000

5.2%

27

19

-29.6%

96.8%

98.5%

1.8%

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

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2019 • COLORADOMICROREPORTS.COM

CONGRESS PARK January through September

2018

Average Price

% Change

$591,967

$631,881

6.7%

$439

$458

4.4%

16

29

81.3%

$1,760,000

$2,285,000

29.8%

164

141

-14.0%

100.0%

96.7%

-3.3%

Average Price per Square Foot Average Days on Market Highest Price

2019

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

CORY-MERRILL January through September Average Price

2018

% Change

$918,558

$926,637

0.9%

$474

$469

-1.0%

41

51

24.4%

$1,750,000

$1,790,000

2.3%

91

91

0.0%

97.4%

96.1%

-1.3%

Average Price per Square Foot Average Days on Market Highest Price

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

2018

2019

% Change

$2,824,700

$2,907,592

2.9%

$663

$684

3.1%

63

66

4.8%

$5,668,830

$5,650,000

-0.3%

15

13

-13.3%

94.8%

93.6%

-1.3%

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

1991 E Alameda Ave Unit 2, Country Club

coloradomicroreports.com

38.2%

January through September 2019, the average days on market in Crestmoor decreased by 38.2% compared to that of 2018.

CRESTMOOR January through September

2018

2019

Average Price

$1,381,236

$1,621,985

17.4%

$456

$545

19.5%

34

21

-38.2%

$3,550,665

$3,235,000

-8.9%

29

19

-34.5%

99.8%

98.1%

-1.7%

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

DOWNTOWN January through September

Downtown Denver includes popular attractions such as the Denver Performing Arts Complex, Coors Field, the Pepsi Center, 16th Street Mall, and an abundance of lively resturants and bars.

Average Price

2018

2019

$588,124

$713,973

21.4%

$467

$515

10.3%

43

53

23.3%

$4,150,000

$10,750,000

159.0%

381

360

-5.5%

97.3%

97.0%

-0.3%

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

% Change

Boundaries: Downtown Denver MLS Area

GOLDEN TRIANGLE January through September Average Price Average Price per Square Foot

2018

2019

$620,258

$645,067

4.0%

$368

$409

11.2%

38

65

71.1%

$1,150,000

$1,475,000

28.3%

68

21

-69.1%

99.1%

95.1%

-4.0%

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

Boundaries: North Speer Boulevard to Broadway; Colfax to 7th

Acoma Reserve, Golden Triangle

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GREENWOOD VILLAGE EAST January through September

2018

Average Price

$1,193,439

$1,171,114

-1.9%

$340

$377

10.8%

57

73

28.1%

$2,130,000

$1,995,000

-6.3%

48

45

-6.3%

97.6%

95.9%

-1.7%

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

2019

% Change

Boundaries: I-25 to Havana; Belleview to Orchard

9801 E Progress Circle, Greenwood Village East

GREENWOOD VILLAGE WEST January through September

2018

2019

Average Price

$1,601,667

$1,767,536

10.4%

$395

$409

3.5%

60

56

-6.7%

$3,375,000

$3,100,000

-8.1%

42

37

-11.9%

94.9%

95.9%

1.1%

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

% Change

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

10.4%

January through September 2019, the average price for the neighborhood of Greewood Village West increased by 10.4% compared to that of 2018.

GREENWOOD VILLAGE WEST January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$2,306,688

$2,012,094

-12.8%

$433

$402

-7.2%

94

76

-19.1%

$5,100,000

$3,500,000

-31.4%

16

16

0.0%

94.5%

92.1%

-2.5%

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

4851 Preserve Parkway North, Greenwood Village East

coloradomicroreports.com

14.3%

The number of properties sold for the neighborhood of Hale Mayfair increased by 14.3% January through September 2019 compared to that of 2018.

HALE MAYFAIR January through September

2018

Average Price

$719,489

8.7%

$477

$500

4.8%

14

23

64.3%

$1,495,000

$2,255,000

50.8%

70

80

14.3%

99.9%

97.6%

-2.3%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$661,814

Average Price per Square Foot

Highest Price

2019

Boundaries: Colorado to Holly; 6th to Colfax

HERITAGE GREENS January through September Average Price

2018

$886,602

9.6%

$288

$276

-4.2%

28

33

17.9%

$1,075,000

$1,625,000

51.2%

14

22

57.1%

98.1%

98.2%

0.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$808,711

Average Price per Square Foot

Highest Price

2019

Boundaries: Dry Creek to County Line; Colorado Boulevard to Holly

7955 S Eudora Circle, Heritage Greens

21.9%

January through September 2019, the average days on market for the neighborhood of Highlands decreased by 21.9% compared to that of 2018.

HIGHLANDS January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$610,422

$698,097

14.4%

$448

$458

2.3%

64

50

-21.9%

$1,875,000

$2,300,000

22.7%

231

236

2.2%

98.5%

96.5%

-2.1%

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

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2019 •COLORADOMICROREPORTS.COM

(WEST) HIGHLANDS January through September Average Price

2018

2019

$599,704

$668,605

11.5%

$495

$498

0.7%

16

34

112.5%

$1,550,000

$1,900,000

22.6%

190

168

-11.6%

99.0%

98.1%

-0.9%

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

% Change

Overlooking downtown Denver, the Highlands is a bustling residential neighborhood featuring avenues lined with elegant old homes, chic cocktail bars and trendsetting restaurants.

Boundaries:38th Ave; Federal to Sheridan

HIGHLANDS RANCH January through September Average Price

2018

2019

$518,430

$520,532

0.4%

$249

$257

3.2%

13

18

38.5%

$2,930,758

$4,595,032

56.8%

511

460

-10.0%

99.8%

98.9%

-0.9%

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

3.2%

% Change

The average price per square foot for the neighborhood of Highlands Ranch increased by 3.2% January through September 2019 compared to that of 2018.

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

HILLTOP January through September

2018

2019

Average Price

$1,295,189

$1,403,181

8.3%

$434

$456

5.1%

58

47

-19.0%

$2,925,000

$3,250,000

11.1%

62

74

19.4%

96.0%

94.3%

-1.7%

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

% Change

Boundaries: Alameda to 6th; Colorado to Holly

175 Bellaire Street, Hilltop

coloradomicroreports.com

HOMESTEAD January through September Average Price

2018

% Change

$577,671

$530,394

-8.2%

$299

$302

1.2%

20

34

70.0%

$1,355,000

$1,225,000

-9.6%

108

80

-25.9%

98.3%

96.7%

-1.6%

Average Price per Square Foot Average Days on Market Highest Price

2019

Properties Sold % Sold Price to List Price Boundaries: Colorado to Quebec; Arapahoe to Dry Creek

KEENE RANCH January through September

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 Price

2018

$1,156,056

-1.8%

$417

$360

-13.7%

114

119

4.4%

$2,375,000

$1,500,000

-36.8%

7

9

28.6%

87.8%

94.1%

7.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$1,177,143

Average Price per Square Foot

Highest Price

2019

Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road

11.3%

The average price for the neighborhood of Ken-Caryl North Ranch increased by 11.3% January through September 2019 compared to that of 2018.

KEN-CARYL NORTH RANCH January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$962,510

$1,070,973

11.3%

$283

$307

8.5%

70

54

-22.9%

$1,256,150

$1,385,000

10.3%

15

11

-26.7%

93.3%

93.5%

0.2%

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 September

2018

Average Price

$836,134

10.4%

$288

$291

1.1%

23

30

30.4%

$1,235,000

$2,700,000

118.6%

50

49

-2.0%

98.6%

96.7%

-1.9%

Average Days on Market

Properties Sold % Sold Price to List Price

10.4%

% Change

$757,676

Average Price per Square Foot

Highest Price

2019

January through September 2019, the average price for the neighborhood of Ken-Caryl Valley increased by 10.4% compared to that of 2018.

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

LAKEWOOD January through September

2018

Average Price

% Change

$495,231

$503,373

1.6%

$301

$308

2.2%

22

27

22.7%

$6,490,000

$2,425,000

-62.6%

1,165

1199

2.9%

99.1%

98.3%

-0.8%

Average Price per Square Foot Average Days on Market Highest Price

2019

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

1995 S Lake Road, Lakewood

LOHI January through September

2018

Average Price

% Change

$633,723

$721,038

13.8%

$446

$449

0.7%

47

57

21.3%

$1,875,000

$2,300,000

22.7%

171

168

-1.8%

98.4%

96.3%

-2.1%

Average Price per Square Foot Average Days on Market Highest Price

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

13.7%

The average price for the neighborhood of Lone Tree increased by 13.7% January through September 2019 compared that of 2018.

LONE TREE January through September

2018

Average Price

$721,038

13.7%

$444

$449

1.1%

48

57

18.8%

$1,875,000

$2,300,000

22.7%

171

169

-1.2%

98.4%

96.3%

-2.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$634,109

Average Price per Square Foot

Highest Price

2019

Boundaries: South of Ridgegate parkway to County Line; Peoria to Quebec

LOWRY January through September

2018

Average Price

$813,792

-2.1%

$325

$324

-0.4%

31

25

-19.4%

$1,650,000

$1,850,000

12.1%

54

38

-29.6%

98.2%

97.6%

-0.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$831,594

Average Price per Square Foot

Highest Price

2019

Boundaries: Quebec to Unita; Alameda to 11th

THE MEADOWS

4.5%

The average price per square foot for the neighborhood of The Meadows increased by 4.5% January through September 2019 compared that of 2018.

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

2018

2019

% Change

$463,607

$472,500

1.9%

$215

$225

4.5%

30

44

46.7%

$772,000

$825,000

6.9%

385

392

1.8%

98.8%

98.0%

-0.8%

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

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

MONTCLAIR January through September Average Price

2018

$651,584

-0.7%

$429

$435

1.3%

36

35

-2.8%

$1,450,000

$1,600,000

10.3%

94

108

14.9%

97.7%

96.7%

-1.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$656,467

Average Price per Square Foot

Highest Price

2019

Boundaries: Holly to Quebec; 6th to Colfax

7070 E 11th Ave, Montclair

OBSERVATORY PARK January through September

2018

2019

Average Price

$1,244,177

$1,291,118

3.8%

$424

$469

10.6%

48

60

25.0%

$2,600,000

$2,825,000

8.7%

55

76

38.2%

96.9%

97.5%

0.6%

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

% Change

Observatory Park is named after the famous Chamberlain Observatory, designed by Denver architect, Robert Roeschlaub, and can be seen at the center of the park.

Boundaries: University to Colorado; Evans to Yale

PARK HILL January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$768,770

$785,338

2.2%

$464

$479

3.2%

17

29

70.6%

$1,950,000

$2,920,000

49.7%

184

157

-14.7%

98.9%

97.2%

-1.7%

Boundaries: Colfax to 26th; Colorado to Quebec

2500 Locust Street, Park Hill

coloradomicroreports.com

PLATT PARK January through September

Platt Park, formerly a separate city from Denver, was connected to the city by a trolley line that ran through Pearl Street during the 20th century.

Average Price

2018

% Change

$678,458

$723,684

6.7%

$507

$561

10.7%

39

19

-51.3%

$1,608,256

$1,957,422

21.7%

84

83

-1.2%

98.8%

98.6%

-0.2%

Average Price per Square Foot Average Days on Market Highest Price

2019

Properties Sold % Sold Price to List Price Boundaries: Broadway to Downing; Louisiana to Evans

POLO RESERVE January through September Average Price

2018

% Change

$1,222,500

$1,463,980

19.8%

$319

$309

-3.2%

206

88

-57.3%

$1,570,000

$3,300,000

110.2%

5

5

0.0%

94.8%

96.4%

1.7%

Average Price per Square Foot Average Days on Market Highest Price

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

16.8%

The average price for the neighborhood of Pradera & Timbers increased by 16.8% January through September 2019 compared to that of 2018.

PRADERA & TIMBERS January through September Average Price

2018

% Change

$815,962

$952,811

16.8%

$243

$266

9.5%

45

80

77.8%

$1,725,000

$1,900,000

10.1%

94

85

-9.6%

97.8%

96.9%

-0.9%

Average Price per Square Foot Average Days on Market Highest Price

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 September

2018

Average Price

2019

$655,747

$668,544

2.0%

$207

$222

7.3%

50

64

28.0%

$970,000

$975,000

0.5%

62

63

1.6%

97.5%

96.7%

-0.8%

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

% Change

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 September

2018

Average Price

2019

$672,914

$716,671

6.5%

$493

$454

-7.9%

20

51

155.0%

$1,511,733

$2,252,500

49.0%

106

106

0.0%

98.0%

98.4%

0.4%

Average Price per Square Foot Average Days on Market Highest Price

% Change

Properties Sold % Sold Price to List Price

The urban development currently taking place in Sloan’s Lake offers its residences convenient access to new restaurants, breweries, and public transportation.

Boundaries: Colfax to 29th; Sheridan to Federal

SOUTHERN HILLS January through September

2018

Average Price

% Change

$768,219

$827,724

7.7%

$418

$445

6.5%

18

18

0.0%

$1,300,000

$3,325,000

155.8%

53

36

-32.1%

97.6%

98.2%

0.6%

Average Price per Square Foot Average Days on Market Highest Price

2019

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

6.5%

January through September 2019, the average price per square foot for the neighborhood of Southern Hills increased by 6.5% compared to that of 2018.

coloradomicroreports.com

8.4%

January through September 2019, the average price per square foot for the neighborhood of Southglenn increased by 8.4% compared to that of 2018.

SOUTHGLENN January through September

2018

Average Price

2019

$473,612

$467,467

-1.3%

$261

$283

8.4%

13

18

38.5%

$650,000

$560,000

-13.8%

43

30

-30.2%

100.6%

98.1%

-2.5%

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

% Change

Boundaries: Washington to University; Arapahoe to Dry Creek

STAPLETON January through September

2018

Average Price

$702,055

2.3%

$317

$325

2.5%

40

43

7.5%

$1,470,000

$1,350,000

-8.2%

306

300

-2.0%

100.3%

99.4%

-0.9%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$686,082

Average Price per Square Foot

Highest Price

2019

Boundaries: Quebec to Havana; 23rd to 40th

5462 Wabash Street, Stapleton

TALLYN’S REACH January through September

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

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

2018

2019

% Change

$562,431

$587,651

4.5%

$215

$217

0.9%

39

60

53.8%

$1,199,000

$1,200,000

0.1%

88

90

2.3%

98.5%

96.5%

-2.0%

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 September Average Price

2018

$480,478

4.9%

$396

$385

-2.7%

19

26

36.8%

$1,249,999

$1,364,900

9.2%

121

116

-4.1%

99.0%

98.1%

-0.9%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$457,892

Average Price per Square Foot

Highest Price

2019

4.9%

The average price for the neighborhood of Uptown increased by 4.9% January through September 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 September

2018

2019

Average Price

$1,247,499

$1,420,486

13.9%

$625

$602

-3.6%

32

38

18.8%

$3,650,000

$5,611,000

53.7%

93

92

-1.1%

97.3%

95.7%

-1.6%

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

685 S Williams Street, Washington Park East

WASHINGTON PARK WEST January through September Average Price

2018

$721,218

-1.1%

$490

$492

0.4%

24

30

25.0%

$2,390,000

$1,850,000

-22.6%

124

123

-0.8%

99.2%

97.8%

-1.4%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$729,058

Average Price per Square Foot

Highest Price

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 reect all real estate activity in the market.