NEIGHBORHOOD MICROMARKET REPORT |
January through June
2016
2017
% Change
Average Price South Metro • Quarter 1 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: 6714 Handies Peak Court, Castle Rock
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SOUTH METRO AREA Market Introduction The South Denver region is comprised of 4 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
Q1 2017 Highlights: • Castle Pines’ average price is $686,818
9.0%
• Diamond Ridge’s average price is $585,956
12.6%
• Lone Tree’s average price is $712,817
10.3%
• Pradera & Timber’s average price is $797,718
6.6%
seeking convenient access to amenities without sacrificing natural surroundings. The South Denver metro region is host to a variety of recreational activities including a number of fine golf courses found throughout Castle Pines, and premium shopping at the outlets at Castle Rock. Highlights from the South Metro area include Castle Pines’ average price rising to $686,818, up 9%, from 2016. Diamond Ridge’s average price rose to $585,956, up 12.6%, from 2016, Lone Tree’s average price rose to $712,817, up 10.3, from 2016, and Pradera & Timber’s average price rose to $797,718, up 6.6%, from 2016.
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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 QUARTER 1 2017 • COLORADOMICROREPORTS.COM
BELL MOUNTAIN RANCH January through March Average Price
2016
$782,280
5.9%
$283
$295
4.3%
76
202
165.8%
$897,500
$876,400
-2.4%
4
5
25.0%
95.9%
95.1%
-0.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$738,625
Average Price per Square Foot
Highest Price
2017
1253 Rosewind Circle, Bell Mountain Ranch
CASTLE PINES January through March Average Price
2016
$686,818
9.0%
$208
$221
6.4%
113
101
-10.6%
$1,397,500
$1,400,000
0.2%
17
17
0.0%
95.6%
93.5%
-2.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$630,112
Average Price per Square Foot
Highest Price
2017
9.0%
During Q1 2017, the average price in Castle Pines increased by 9% compared to Q1 2016.
CASTLE PINES VILLAGE January through March
2016
2017
Average Price
$1,059,382
$1,010,789
-4.6%
$290
$290
0.1%
141
156
10.6%
$2,875,000
$3,000,000
4.3%
21
25
19.0%
93.0%
91.8%
-1.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
644 Ruby Trust Way, Castle Pines Village
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CASTLE ROCK January through March
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
$407,856
2.0%
$192
$214
11.5%
38
42
10.5%
$1,895,000
$1,091,000
-42.4%
76
73
-3.9%
98.4%
98.6%
0.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$399,834
Average Price per Square Foot
Highest Price
2017
DIAMOND RIDGE January through March
2016
Average Price
$585,956
12.6%
$214
$211
-1.1%
66
73
10.6%
$1,400,000
$1,079,000
-22.9%
24
22
-8.3%
96.6%
98.4%
1.9%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$520,276
Average Price per Square Foot
Highest Price
2017
852 Diamond Ridge Circle, Diamond Ridge
8.8%
The average price per square foot in Highlands Ranch increased by 8.8% in Q1 2017 compared to Q1 2016.
HIGHLANDS RANCH January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$475,340
$462,435
-2.7%
$215
$234
8.8%
28
30
7.1%
$2,604,930
$1,993,000
-23.5%
131
123
-6.1%
99.7%
98.9%
-0.8%
MICROMARKET REPORT | South Metro livsothebysrealty.com
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
KEENE RANCH January through March Average Price
2016
$669,441
-25.0%
$302
$290
-4.1%
48
183
281.3%
$1,285,000
$669,441
-47.9%
5
1
-80.0%
97.1%
86.4%
-11.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$892,700
Average Price per Square Foot
Highest Price
2017
Keene Ranch is a custom estate community located conveniently within 30 minutes of metro Denver and Colorado Springs.
LARKSPUR January through March Average Price
2016
$622,517
3.6%
$234
$238
1.7%
109
100
-8.3%
$2,387,500
$925,000
-61.3%
18
15
-16.7%
94.3%
98.2%
4.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$600,785
Average Price per Square Foot
Highest Price
2017
793 Spruce Road, Larkspur
LONE TREE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$646,364
$712,817
10.3%
$215
$235
9.4%
84
60
-28.6%
$1,570,000
$1,550,000
-1.3%
11
6
-45.5%
97.7%
92.4%
-5.5%
9.4%
The average price per square foot in Lone Tree increased by 9.4% in Q1 2017 compared to Q1 2016.
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THE MEADOWS January through March
2016
Average Price
$439,787
7.3%
$188
$199
6.0%
38
33
-13.2%
$659,000
$677,000
2.7%
101
71
-29.7%
99.2%
98.6%
-0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$409,947
Average Price per Square Foot
Highest Price
2017
5089 South Meadow Lark Drive, The Meadows
6.6%
During Q1 2017, the average price in the neighborhood of Pradera & Timbers increased by 6.6% compared to Q1 2016.
PRADERA & TIMBERS January through March Average Price
2016
$797,718
6.6%
$208
$245
18.0%
112
122
8.9%
$1,250,000
$1,100,000
-12.0%
15
25
66.7%
96.7%
93.4%
-3.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$748,610
Average Price per Square Foot
Highest Price
2017
SEDALIA January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$725,800
$485,975
-33.0%
$313
$211
-32.7%
155
139
-10.3%
$1,225,000
$710,000
-42.0%
10
8
-20.0%
91.2%
91.3%
0.1%
7225 Box Canyon Road, Sedalia
MICROMARKET REPORT | South Metro livsothebysrealty.com
QUARTER 1 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.