MICROMARKET REPORT |
Foothills • Q3 2019
FOOTHILLS NEIGHBORHOODS 18
19 14
1
6 7
8
13
2.
Upper Bear Creek
3.
Hangen Ranch
4.
Shadow Mountain
5.
Brook Forest
10 5
16 17
4 11 12
7.
Ridge at Hiwan
8.
Hiwan Country Club
9. Tanoa
15 3
Soda Creek
6. Genesee
9 2
20
1.
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.
Mt. Vernon Country Club
20.
Riva Chase
Pictured on cover: 6917 Timbers Drive
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FOOTHILLS market update Sitting at the gateway to the mountains, the Colorado Foothills give its residents unbeatable views of the Front Range and wide-open spaces. This area is ideal for those who want the best of both worlds, access to the city and scenic landscapes. LIV Sotheby’s International Realty produces a Foothills Micro Market Report comparing real estate activity through Q3 2019 to the same time frame of 2018. A significant highlight from this year’s report includes a 52.8% increase in average price for Hagen Ranch, bringing the new average price in 2019 to $1,203,000, from $787,238 for 2018. Spring Ranch also showed a notable increase in average price of 32.8%, to $1,665,000 in 2019. Seven neighborhoods saw an increase in listings sold through Q3 of this year, compared to that of 2018. Those neighborhoods include Brook Forest (+46.7%), Conifer Mountain (+36.4%), Evergreen Highlands (+50%), Evergreen Meadows (+11.8%), Evergreen Park Estates (+12.5%), Hiwan Hills (+21.4%), and Riva Chase, which saw the highest increase of 66.7%.
January-September 2019 Highlights: • Hagen Ranch’s average price is $1,203,000
52.8%
• Spring Ranch’s average price is $1,665,000
32.8%
• Mt. Vernon Country Club’s average price per square foot is $466
66.5%
Although each neighborhood throughout the Foothills is uniquely different and performs as such, there is something for everyone, both buyers and sellers, near the Front Range. This report details each neighborhood to provide an overview of January through September 2019 results compared to the same time frame of 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 September Average Price
2018
$965,308
3.4%
$322
$342
6.2%
48
134
179.2%
$1,900,000
$1,450,000
-23.7%
12
6
-50.0%
97.4%
96.2%
-1.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$933,267
Average Price per Square Foot
Highest Price
2019
25050 Sunset Lane, Bear Mountain
BROOK FOREST January through September Average Price
2018
$473,977
4.0%
$309
$316
2.3%
33
27
-18.2%
$721,000
$585,000
-18.9%
15
22
46.7%
98.6%
98.0%
-0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$455,933
Average Price per Square Foot
Highest Price
2019
Around 23.5% of Brook Forest’s residences work from home, which is a higher percentage than 99.7% of other United State’s neighborhoods.
CONIFER MOUNTAIN January through September
2018
2019
Average Price
$664,909
$663,900
-0.2%
$293
$329
12.2%
19
42
121.1%
$895,000
$1,000,000
11.7%
11
15
36.4%
100.2%
97.6%
-2.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
coloradomicroreports.com
21.9%
The average price for the neighborhood of Evergreen Highlands increased by 21.9% January through September 2019 compared to that of 2018.
EVERGREEN HIGHLANDS January through September Average Price
2018
$748,651
21.9%
$335
$329
-1.9%
16
17
6.3%
$698,500
$1,000,000
43.2%
8
12
50.0%
100.0%
99.0%
-1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$614,313
Average Price per Square Foot
Highest Price
2019
EVERGREEN MEADOWS January through September Average Price
2018
$708,817
-2.2%
$250
$279
11.6%
20
39
95.0%
$1,010,000
$1,400,000
38.6%
17
19
11.8%
97.8%
97.0%
-0.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$724,853
Average Price per Square Foot
Highest Price
2019
EVERGREEN MEADOWS WEST January through September Average Price
All residences within Evergreen Meadows 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
$541,961
$637,833
17.7%
$292
$280
-4.2%
29
10
-65.5%
$716,650
$815,000
13.7%
9
9
0.0%
102.3%
99.3%
-2.9%
MICROMARKET REPORT | Foothills livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
EVERGREEN PARK ESTATES January through September
2018
Average Price
$647,000
9.8%
$312
$332
6.3%
16
15
-6.3%
$875,000
$820,000
-6.3%
8
9
12.5%
103.1%
99.6%
-3.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$589,125
Average Price per Square Foot
Highest Price
2019
9.8%
January through September 2019, the average price for the neighborhood of Evergreen Park Estates increased by 9.8% compared to that of 2018.
GENESEE January through September
2018
Average Price
% Change
$890,376
$983,854
10.5%
$347
$363
4.6%
50
52
4.0%
$1,555,000
$2,150,000
38.3%
40
39
-2.5%
96.8%
96.9%
0.1%
Average Price per Square Foot Average Days on Market Highest Price
2019
Properties Sold % Sold Price to List Price
2195 Foothills Drive S, Genesee
HANGEN 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
$787,238
$1,203,000
52.8%
$330
$389
17.9%
45
201
346.7%
$1,125,000
$1,630,000
44.9%
8
3
-62.5%
97.9%
91.6%
-6.4%
Situated ideally, just past Three Sisters’ open space park, Hangen Ranch offers large home lots and horse-friendly zoning.
coloradomicroreports.com
HIWAN GOLF CLUB January through September Average Price
2018
$885,367
1.6%
$303
$305
0.5%
36
55
52.8%
$1,800,000
$1,725,000
-4.2%
20
15
-25.0%
98.6%
95.4%
-3.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$871,536
Average Price per Square Foot
Highest Price
2019
29606 Larkspur, Hiwan Golf Club
3.3%
January through September 2019, the average price for the neighborhood of Hiwan Hills increased by 3.3% compared to that of 2018.
HIWAN HILLS January through September Average Price
2018
$673,353
3.3%
$261
$286
9.6%
12
14
16.7%
$835,000
$920,000
10.2%
14
17
21.4%
99.6%
98.7%
-0.9%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$651,679
Average Price per Square Foot
Highest Price
2019
LOOKOUT MOUNTAIN 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
$784,949
$706,938
-9.9%
$325
$327
0.6%
26
81
211.5%
$1,021,401
$935,000
-8.5%
13
8
-38.5%
97.8%
93.8%
-4.1%
MICROMARKET REPORT | Foothills livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
MT. VERNON COUNTRY CLUB January through September
2018
Average Price
$606,000
$642,467
6.0%
$280
$466
66.5%
63
18
-71.4%
$700,000
$690,000
-1.4%
3
3
0.0%
96.8%
99.6%
2.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
% Change
RIDGE AT HIWAN January through September
2018
2019
Average Price
$1,123,016
$1,131,488
0.8%
$335
$328
-2.1%
34
32
-5.9%
$1,630,000
$1,450,000
-11.0%
19
18
-5.3%
97.2%
96.3%
-0.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
The Ridge at Hiwan, conveniently located near I-70, offers residences easy access to rolling hills, open spaces, ponds, and miles of trails.
RIVA CHASE 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
$834,945
$1,111,140
33.1%
$248
$325
31.2%
135
190
40.7%
$1,100,000
$1,800,000
63.6%
3
5
66.7%
80.7%
88.8%
10.1%
22264 Anasazi Way, Riva Chase
coloradomicroreports.com
SHADOW MOUNTAIN January through September
Shadow Mountain, located in beautiful Conifer, Colorado, is surrounded by hiking trails and offers residents easy access to Staunton State Park.
Average Price
2018
$529,593
6.1%
$268
$290
8.1%
24
11
-54.2%
$772,500
$925,000
19.7%
10
7
-30.0%
97.4%
98.7%
1.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$499,128
Average Price per Square Foot
Highest Price
2019
SODA CREEK January through September
2018
Average Price
$1,373,933
$1,258,820
-8.4%
$329
$425
29.2%
133
90
-32.3%
$2,212,500
$1,820,000
-17.7%
12
5
-58.3%
93.9%
91.7%
-2.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
% Change
34750 Fox Ridge Road, Soda Creek
32.8%
January through September 2019, the average price in the neighborhood of Spring Ranch increased by 32.8% compared to that of 2018.
SPRING 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
$1,253,904
$1,665,000
32.8%
$396
$409
3.3%
81
128
58.0%
$1,500,925
$2,000,000
33.3%
6
2
-66.7%
96.9%
89.1%
-8.0%
MICROMARKET REPORT | Foothills livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
TANOA January through September Average Price
2018
$949,950
-3.6%
$352
$307
-12.8%
30
124
313.3%
$1,375,000
$950,000
-30.9%
5
2
-60.0%
98.6%
88.6%
-10.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$985,400
Average Price per Square Foot
Highest Price
2019
30865 Tanoa Road, Tanoa
UPPER BEAR CREEK 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
$1,084,000
$706,000
-34.9%
$368
$273
-25.9%
62
105
69.4%
$2,150,000
$1,375,000
-36.0%
7
5
-28.6%
97.1%
90.9%
-6.4%
NUMBER OF STUDENTS PER TEACHER IN EVERGREEN: 18
The Upper Bear Creek area is rich in history Troutdale in the Pines, a posh resort hotel, catered to Hollywood movie stars and America’s elite in the 1920s and served as a vacation spot for Denverites escaping the summer heat.
AVERAGE COMMUTE TIME TO METRO DENVER: 30 MINUTES
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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 reect all real estate activity in the market.