South Metro Quarter 1, 2017 Micro Market Report

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.