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
coloradomicroreports.com
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
coloradomicroreports.com
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
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
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
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
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
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
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
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
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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
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
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.