MICROMARKET REPORT
WEST METRO | MID-YEAR 2020
WEST METRO
NEIGHBORHOODS 1.
Canyon Point
2.
Mesa Meadows
3.
City of Golden Proper
4.
Eagle Ridge
5.
Table Rock
6.
Spring Mesa
7.
Trail Village
12 6
13 14
8. Fieldstone 9.
Mesa View Estates
10.
Sunrise Ridge
11.
West Woods
12.
Village of Five Parks
7
11 16
10 15 5
8
17
24
18
19
13. Candelas 14.
Leyden Rock
15.
Ryan Ranch
16.
Alkire Estates
17.
Oak Park
18.
Skyline Estates
19.
North Table Mountain Village
20. Applewood
1
2 3 20 4
9
21. Solterra 22. Tamarisk 23.
Green Mountain Village
24. Arvada
21 22
23
Pictured on cover: 1476 Lou’s Loop, Golden
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WEST METRO MARKET UPDATE
The 23 neighborhoods that make up Denver’s West Metro community enjoy the unique pairing of proximity to the city and plenty of local shopping and dining as well as access to natural, open spaces, miles of biking and walking trails, and a closeness to nature that you don’t get in other urban settings. Especially given the circumstances of 2020, this area is immensely popular for consumers looking for serenity and convenience. In the spring, when real estate activity was halted due to health and safety precautions, homebuyers were forced to put their buying journeys on hold. Now that the delayed spring market is in full swing, the demand for West Metro homes has intensified, creating more competition in the marketplace and strengthening the value of homes. The West Metro Micro Market Report produced by LIV Sotheby’s International Realty analyzes the real estate market comparing January through June of 2020 to the same time frame of 2019. Due to the increased demand, the average price for homes in Jefferson County has grown by 4.0%, bringing the current average price to $496,161.
JEFFERSON COUNTY January through June
2019
2020
% Change
New Listings
6,727
6,010
-10.7%
Sold Listings (All Properties)
4,859
4,432
-8.8%
$477,153
$496,161
4.0%
25
25
0.0%
99.8%
100.0%
0.2%
Average Price Average Days on Market % Sold Price to Original List Price
In total, 18 neighborhoods within West Total Dollar Volume Sold $2,315,625,870 $21,989,872 -99.1% Metro have seen average home prices increase. The largest increase in price was observed in Mesa Meadows. Here, the average price grew from $774,625 through June of 2019, to $1,008,699 through June of 2020, a 30.2% difference. Other notable increases include the 22.2% rise in average price in Eagle Ridge and the 11.3% rise in the City of Golden. Out of all 23 neighborhoods within the West Metro community, North Table Mountain Village experienced the largest increase in the number of properties sold through June of this year. There were seven home sales in this neighborhood so far this year compared to the two homes that were sold through Q2 of last year, resulting in a 250% increase. As demand for homes within the West Metro continues to rise, the real estate market in this area will become even more favorable for those who wish to buy and sell homes in this one-of-a-kind community.
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 | West Metro livsothebysrealty.com
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ALKIRE ESTATES January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$1,035,000
$1,187,500
14.7%
$246
$320
29.9%
14
63
350.0%
$1,035,000
$1,225,000
18.4%
1
2
100.0%
98.6%
92.4%
-6.3%
5934 Urban Court, Arvada
APPLEWOOD January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
27.6%
2019
2020
% Change
$618,540
$700,583
13.3%
$338.80
$366
8.0%
29
21
-27.6%
$1,300,000
$3,275,000
151.9%
neighborhood of Applewood decreased by
58
52
-10.3%
27.6% January through June 2020 compared
96.7%
99.4%
2.8%
to that of 2019.
The average days on market for the
ARVADA January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$464,162
$482,487
3.9%
$281
$297
5.6%
26
24
-7.7%
$1,230,000
$1,282,000
4.2%
1,277
1,137
-11.0%
98.6%
99.5%
0.9%
8807 Eldora Street, Arvada
coloradomicroreports.com
%
CANDELAS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
3.5%
2019
2020
% Change
$601,284
$611,012
1.6%
$225
$239
6.0%
78
54
-30.8%
$1,215,000
$1,009,223
-16.9%
The number of properties sold for the area of
85
88
3.5%
Candelas increased by 3.5% January through June
97.2%
98.5%
1.3%
2020 compared to that of 2019.
CANYON POINT January through June
Nestled within the hills of
Average Price
Golden, Canyon Point is
Average Price per Square Foot
within minutes of hiking
Average Days on Market
trails, rock climbing, and
Highest Price
river access.
Properties Sold % Sold Price to List Price
2019
2020
% Change
$921,875
$791,500
-14.1%
$328
$378
15.3%
6
9
50.0%
$972,500
$890,000
-8.5%
4
3
-25.0%
98.5%
101.4%
2.9%
EAGLE RIDGE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$810,000
$989,500
22.2%
$313
$390
24.5%
9
4
-55.6%
$810,000
$1,260,000
55.6%
1
2
100.0%
100.0%
104.7%
4.7%
20603 Sky Meadow Lane, Golden
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FIELDSTONE Fieldstone is a family-
January through June
friendly community within
Average Price
Arvada that borders
Average Price per Square Foot
Long Lake Regional
Average Days on Market
Park, offering residents
Highest Price
easy access to many
Properties Sold
recreational trails.
% Sold Price to List Price
VILLAGE OF FIVE PARKS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$604,119
$612,830
1.4%
$253
$235
-7.4%
13
21
61.5%
$795,000
$665,000
-16.4%
16
10
-37.5%
98.8%
99.5%
0.7%
2019
2020
% Change
$661,575
$690,833
4.4%
$229
$284
23.8%
23
12
-47.8%
$663,199
$750,000
13.1%
2
6
200.0%
98.1%
99.4%
1.4%
1.4% The average price for the neighborhood of Village of Five Parks increased by 1.4% January through June 2020 compared to that of 2019.
CITY OF GOLDEN PROPER January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$619,490
$689,685
11.3%
$398
$389
-2.1%
22
33
50.0%
$1,175,000
$1,260,000
7.2%
87
72
-17.2%
98.0%
98.7%
0.7%
22594 Treetop Lane, Golden
coloradomicroreports.com
GREEN MOUNTAIN VILLAGE January through June Average Price
2019
2020
% Change
$467,559
$474,191
1.4%
$315
$324
2.9%
16
17
6.3%
$585,000
$679,000
16.1%
51
44
-13.7%
99.1%
100.1%
1.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Green Mountain Village is an urban and inviting neighborhood located in Lakewood, just north of downtown Denver.
LEYDEN ROCK
%
January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$616,290
$620,170
0.6%
$238
$252
5.8%
65
38
-41.5%
$975,000
$870,000
-10.8%
60
51
-15.0%
97.1%
98.1%
1.1%
8807 Eldora Street, Arvada
MESA MEADOWS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
31.6%
2019
2020
% Change
$774,625
$1,008,699
30.2%
$415
$451
8.8%
13
17
30.8%
$950,000
$1,250,000
31.6%
The highest price for the neighborhood of Mesa
8
6
-25.0%
Meadows increased by 31.6% January through
97.2%
97.9%
0.7%
June 2020 compared to that of 2019.
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MESA VIEW ESTATES January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$894,444
$829,484
-7.3%
$259
$264
1.8%
37
35
-5.4%
$1,150,000
$978,000
-15.0%
9
10
11.1%
96.9%
98.3%
1.5%
16647 West 1st Avenue, Golden
NORTH TABLE MOUNTAIN VILLAGE January through June Average Price Average Price per Square Foot
2019
2020
% Change
$702,000
$705,214
0.5%
$406
$302
-25.7%
12
8
-33.3%
$725,000
$831,000
14.6%
2
7
250.0%
97.9%
101.2%
3.4%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
23.6% The average price per square foot for the neighborhood of Oak Park increased by 23.6% January through June 2020 compared to that of 2019.
This quiet neighborhood is walking/biking distance to the trails of North Table Mountain and Long Lake Park.
OAK PARK January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$522,817
$576,800
10.3%
$235
$291
23.6%
11
79
618.2%
$625,000
$700,000
12.0%
6
5
-16.7%
99.4%
97.4%
-2.0%
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RYAN RANCH January through June Average Price Average Price per Square Foot Average Days on Market Highest Price
2019
2020
% Change
$708,100
$700,000
-1.1%
$260
$256
-1.5%
11
4
-63.6%
$750,000
$715,000
-4.7%
5
2
-60.0%
99.7%
99.7%
0.0%
Properties Sold % Sold Price to List Price
14431 West 56th Place, Arvada
2.8%
SKYLINE ESTATES January through June Average Price Average Price per Square Foot Average Days on Market
The average price for the neighborhood of
Highest Price
Skyline Estates increased by 2.8% January
Properties Sold
through June 2020 compared to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$591,144
$607,725
2.8%
$245
$268
9.6%
9
16
77.8%
$655,000
$619,900
-5.4%
9
4
-55.6%
100.0%
98.4%
-1.6%
SOLTERRA January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$830,252
$832,051
0.2%
$332
$357
7.5%
45
35
-22.2%
$1,890,000
$1,200,000
-36.5%
33
25
-24.2%
97.2%
97.6%
0.5%
15282 W Warren Drive, Lakewood
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SPRING MESA January through June
Surrounded by open
Average Price
space, this Arvada
Average Price per Square Foot
neighborhood is full
Average Days on Market
of beautiful and idyllic
Highest Price
scenery.
Properties Sold % Sold Price to List Price
SUNRISE RIDGE January through June Average Price Average Price per Square Foot
% Change
$818,136
$865,375
5.8%
$279
$244
-12.7%
18
13
-27.8%
$900,000
$939,000
4.3%
11
8
-27.3%
97.6%
101.0%
3.4%
2020
% Change
$657,286
$727,700
10.7%
$258
$261
0.9%
12
56
366.7%
10.7%
$735,000
$765,000
4.1%
The average price in the neighborhood of Sunrise
7
5
-28.6%
Ridge increased by 10.7% January through June
100.4%
99.2%
-1.2%
2020 compared to that of 2019.
Properties Sold % Sold Price to List Price
2020
2019
Average Days on Market Highest Price
2019
85.7%
TABLEROCK January through June Average Price Average Price per Square Foot
The average days on market for the
Average Days on Market
neighborhood of Tablerock decreased by
Highest Price
85.7% January through June 2020 compared
Properties Sold
to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$854,000
$844,000
-1.2%
$281
$318
13.0%
21
3
-85.7%
$950,000
$860,000
-9.5%
5
2
-60.0%
98.0%
100.5%
2.6%
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TAMARISK January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
5.5%
2019
2020
% Change
$762,525
$759,988
-0.3%
$240
$253
5.5%
17
18
5.9%
$907,500
$779,975
-14.1%
6
2
-66.7%
January through June 2020 compared to that
98.6%
98.2%
-0.5%
of 2019.
The average price per square foot in the neighborhood of Tamarisk increased by 5.5%
TRAIL VILLAGE
Trail Village is set January through June
alongside Jefferson
Average Price
County Open Space,
Average Price per Square Foot
parks, trails and features
Average Days on Market
stunning mountain views. This community is minutes
Highest Price
to coffee shops and
Properties Sold
restaurants.
% Sold Price to List Price
2019
2020
% Change
$673,000
$816,800
21.4%
$262
$262
-0.1%
37
35
-5.4%
$915,000
$954,900
4.4%
3
3
0.0%
100.0%
98.8%
-1.2%
WEST WOODS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$764,214
$686,383
-10.2%
$279
$282
1.1%
21
17
-19.0%
$1,230,000
$1,150,000
-6.5%
14
18
28.6%
99.5%
100.3%
0.9%
6232 Umber Street, Arvada
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JANUARY - JUNE 2020 • 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 reflect all real estate activity in the market.