NEIGHBORHOOD MICROMARKET REPORT |
January through June
2016
2017
% Change
Average Price South Metro • Mid-Year 2017 Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
MICROMARKET REPORT | Denver Metro 303.893.3200
page 1
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
SOUTH METRO NEIGHBORHOODS
1
1.
Highlands Ranch
2.
Lone Tree
3.
Castle Pines
4.
Castle Pines Village
2
3
5. Sedalia
4
12
5
6.
The Meadows
7.
Keene Ranch
8. Larkspur
6
11
9.
Bell Mountain Ranch
10
10. Castle Rock 7 9
11.
Diamond Ridge
12.
Pradera & Timbers
8
Pictured on cover: 2198 Avenida Del Sol, Castle Rock
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SOUTH METRO AREA Market Introduction The South Denver region is comprised of four influential counties and 18 cities with over 650 business investors. Highlands Ranch, Castle Rock, Castle Pines Village, Parker, Sedalia are some of the most popular areas for families to live. Close proximity to shopping, dining and recreational activities make South Metro a popular area for residents seeking access to amenities, without sacrificing easy access to the outdoors. The South Denver metro region is host to a variety of recreational activities including a number of fine golf courses found throughout Castle Pines. From January through June, 2017, the average price per square foot in Castle Pines increased by 5% compared to that of 2016. In Castle Rock, which is famed for being the home to premium, outdoor outlet shopping, the average price per square foot increased 1.7% in January through June 2017, compared to that of 2016. Highlights from the South Metro area include Lone Tree’s average price rising to $887,671, up 21.1%, from 2016. Keene Ranch’s average price rose to $1,029,474, up 23.4%, from 2016, and Pradera & Timber’s average price rose to $766,848, up 9.8%, from 2016.
Mid-Year 2017 Highlights: • Castle Rock’s average price is $408,772
1.7%
• Diamond Ridge’s average price is $560,568
6.7%
• Lone Tree’s average price is $887,671
21.1%
• Pradera & Timber’s average price is $766,848
9.8%
A continued strong demand in South Metro is projected, as the result of the many positive economic variables that living in the Colorado Foothills affords.
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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 | South Metro MID-YEAR 2017 • COLORADOMICROREPORTS.COM
BELL MOUNTAIN RANCH January through June Average Price
2016
$782,656
5.8%
$285
$299
4.9%
87
119
36.8%
$897,500
$876,400
-2.4%
8
9
12.5%
96.3%
96.6%
0.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$739,438
Average Price per Square Foot
Highest Price
2017
1253 Rosewind Circle, Bell Mountain Ranch
CASTLE PINES January through June Average Price
2016
$606,224
0.1%
$211
$222
5.0%
67
57
-14.9%
$1,465,000
$1,400,000
-4.4%
54
61
13.0%
95.9%
96.6%
0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$605,833
Average Price per Square Foot
Highest Price
2017
5.0%
The average price per square foot in Castle Pines increased by 5.0% January through June 2017 compared to that of 2016.
CASTLE PINES VILLAGE January through June
2016
2017
Average Price
$1,119,915
$1,121,130
0.1%
$311
$319
2.5%
148
155
4.7%
$2,875,000
$3,450,000
20.0%
45
67
48.9%
93.2%
93.3%
0.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
77 Comstock Place, Castle Pines Village
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CASTLE ROCK January through June
Castle Rock is home to Colorado’s largest open-air shopping outlets in the state. The outlets at Castle Rock are a shopping paradise for the savviest shoppers looking to snag a deal.
2016
Average Price
$408,772
1.7%
$195
$216
11.1%
37
32
-13.5%
$1,895,000
$1,435,000
-24.3%
189
193
2.1%
99.2%
99.4%
0.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$401,821
Average Price per Square Foot
Highest Price
2017
DIAMOND RIDGE January through June
2016
Average Price
$560,568
6.7%
$200
$216
8.4%
58
48
-17.2%
$1,400,000
$1,079,000
-22.9%
53
49
-7.5%
97.2%
98.2%
1.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$525,242
Average Price per Square Foot
Highest Price
2017
852 Diamond Ridge Circle, Diamond Ridge
6.2%
January through June 2017, the average price per square foot in Highlands Ranch increased by 6.2% compared to that of 2016.
HIGHLANDS RANCH January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$465,921
$471,643
1.2%
$221
$234
6.2%
18
18
0.0%
$2,604,938
$2,351,333
-9.7%
312
327
4.8%
99.8%
99.9%
0.1%
MICROMARKET REPORT | South Metro livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
KEENE RANCH January through June
2016
2017
Average Price
$834,000
$1,029,474
23.4%
$219
$316
44.4%
228
106
-53.5%
$890,000
$1,247,400
40.2%
3
6
100.0%
94.5%
93.8%
-0.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Keene Ranch is a custom estate community located conveniently within 30 minutes of metro Denver and Colorado Springs.
LARKSPUR January through June Average Price
2016
$639,870
14.5%
$225
$262
16.5%
108
94
-13.0%
$2,387,500
$2,719,200
13.9%
44
56
27.3%
95.1%
98.1%
3.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$558,603
Average Price per Square Foot
Highest Price
2017
4888 Crow Drive, Larkspur
LONE TREE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$732,866
$887,671
21.1%
$234
$256
9.5%
51
59
15.7%
$1,950,000
$2,600,000
33.3%
27
17
-37.0%
97.3%
95.9%
-1.4%
9.5%
The average price per square foot in Lone Tree increased by 9.5% January through June 2017 compared to that of 2016.
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THE MEADOWS January through June
2016
Average Price
$445,060
13.9%
$172
$201
16.8%
27
23
-14.8%
$680,000
$801,262
17.8%
245
206
-15.9%
99.0%
99.0%
0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$390,721
Average Price per Square Foot
Highest Price
2017
2921 Bixby Court, The Meadows
9.8%
January through June 2017, the average price in the neighborhood of Pradera & Timbers increased by 9.8% compared to that of 2016.
PRADERA & TIMBERS January through June Average Price
2016
$766,848
9.8%
$212
$235
11.0%
80
90
12.5%
$1,250,000
$1,250,000
0.0%
44
65
47.7%
95.5%
95.4%
-0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$698,593
Average Price per Square Foot
Highest Price
2017
SEDALIA January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$622,346
$694,164
11.5%
$282
$260
-7.8%
146
127
-13.0%
$1,225,000
$2,800,000
128.6%
13
14
7.7%
89.0%
93.0%
4.5%
5088 South Perry Park Road, Sedalia
MICROMARKET REPORT | South Metro livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
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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 reflect all real estate activity in the market.