MICROMARKET REPORT
WEST METRO | Q1 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: 993 S Coors Drive, Lakewood
coloradomicroreports.com
WEST METRO MARKET UPDATE
Denver’s West Metro neighborhoods are a balance of beautiful open spaces and tight-knit communities. The 24 neighborhoods that makeup West Metro, such as Solterra, City of Golden Proper, Mesa Meadows, and Candelas, keep residents busy and attract visitors in all seasons with its endless array of activities. Venture outdoors for hiking, biking, fishing and more or sample a selection of local restaurants in town. For those looking to embrace the Colorado lifestyle, West Metro is the community to invest in. The West Metro Micro Market Report produced by LIV Sotheby’s International Realty analyzes the real estate market comparing Q1 performance of 2020 to the same time frame of 2019. Jefferson County showed an increase in performance with a 13% increase in total dollar volume sold, most likely resulting from the 9.2% increase in the number of sold listings and the 6.2% increase in the average price. Out of all 24 neighborhoods within the January through March 2019 2020 % Change West Metro community, the West Woods neighborhoods had the largest increase New Listings 2,603 2,748 5.6% in properties sold during Q1 of this year Sold Listings (All Properties) 1,882 2,055 9.2% compared to Q1 of last year, rising by 120%. Through March of this year, 22 homes Average Price $458,677 $487,132 6.2% sold in the West Woods neighborhoods, Average Days on Market 32 32 0.0% compared to 10 homes in 2019.
JEFFERSON COUNTY
% Sold Price to Original List Price
97.8%
98.5%
0.7%
Several areas within the West Metro Total Dollar Volume Sold $862,771,347 $974,751,050 13.0% community experienced rises in average prices throughout Q1 of 2020. One of those neighborhoods was Village of Five Parks. Homes in this neighborhood climbed in average price by 14.5% in comparison to Q1 of 2019. The average price for a listing in this community through March of this year was $617,186, a notable difference from the same time period in 2019 when the average price was $538,833. Homes in Leyden Rock sold more quickly in the first quarter of this year than they did last year. The average days on market for homes in this neighborhood decreased by 66.4%, from 143 days in Q1 of 2019 to just 48 days in Q1 of 2020. The West Metro is appealing to a variety of consumers and will continue to grow and thrive as more people buy and sell in this 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
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
ALKIRE ESTATES January through March
2019
2020
% Change
Located closely to Standley
Average Price
-
-
-
Lake, Alkire Estates provides
Average Price per Square Foot
-
-
-
many wonderful outdoors
Average Days on Market
-
-
-
activites for all ages.
Highest Price
-
-
-
No Sales
No Sales
-
-
-
-
Properties Sold % Sold Price to List Price
APPLEWOOD January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$584,038
$588,171
0.7%
$311
$342
9.9%
45
32
-28.9%
$927,000
$874,000
-5.7%
24
19
-20.8%
93.9%
98.6%
5.1%
28.9%
The average days on market for the neighborhood of Applewood decreased by 28.9% January
through March 2020 compared to that of 2019.
ARVADA January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$452,977
$471,394
4.1%
282
$289
2.5%
33
30
-9.1%
$1,250,000
$1,198,330
-4.1%
497
518
4.2%
99.4%
99.3%
-0.1%
coloradomicroreports.com
CANDELAS January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$574,788
$580,870
1.1%
$151
$243
61.1%
79
62
-21.5%
$830,000
$929,909
12.0%
31
35
12.9%
97.8%
98.7%
0.9%
10455 W 81st Ave, Arvada
CANYON POINT Nestled within the hills of
January through March
2019
2020
% Change
Golden, Canyon Point is
Average Price
-
$742,250
-
within minutes of hiking
Average Price per Square Foot
-
$376
-
trails, rock climbing, and
Average Days on Market
-
8
-
river access.
Highest Price
-
$769,500
-
No Sales
2
-
-
104.3%
-
Properties Sold % Sold Price to List Price
EAGLE RIDGE January through March
2019
2020
% Change
Average Price
-
$719,000
-
Average Price per Square Foot
-
$439
-
Average Days on Market
-
2
-
Highest Price
-
$719,000
-
No Sales
1
-
-
104.4%
-
Properties Sold % Sold Price to List Price
MICROMARKET REPORT | West Metro livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
FIELDSTONE Fieldstone is a family-
January through March
friendly community within
Average Price
Arvada that borders Long
Average Price per Square Foot
Lake Regional Park, oering
Average Days on Market
residents easy access to
Highest Price
many recreational trails.
Properties Sold % Sold Price to List Price
2019
2020
% Change
$663,199
-
-
$189
-
-
41
-
-
$663,199
-
-
1
No Sales
-
96.1%
_
-
VILLAGE OF FIVE PARKS January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$538,833
$617,186
14.5%
$250
$231
-7.7%
18
25
38.9%
$631,000
$653,000
3.5%
6
7
16.7%
97.9%
98.5%
0.6%
13963 W 76th Lane, Arvada
5.3%
The average price for the City of Golden Proper increased by 5.3% January through March 2020 compared to that of 2019.
CITY OF GOLDEN PROPER January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$617,403
$650,225
5.3%
$398
$383
-3.8%
39
39
0.0%
$1,175,000
$1,050,000
-10.6%
51
32
-37.3%
97.4%
98.5%
1.1%
coloradomicroreports.com
GREEN MOUNTAIN VILLAGE January through March Average Price
2019
2020
% Change
$449,537
$462,833
3.0%
$303
$304
0.2%
25
25
0.0%
$585,000
$605,000
3.4%
17
18
5.9%
97.8%
99.2%
1.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
3.4%
The highest price for the neighborhood of Green Mountain Village increased by 3.4% January through March 2020 compared to that of 2019.
LEYDEN ROCK
Leyden Rock is a
January through March
neighborhood where you
Average Price
feel the peace of a rural
Average Price per Square Foot
community, while still
Average Days on Market
having easy access to
Highest Price
Boulder, downtown Denver
Properties Sold
and the mountains.
% Sold Price to List Price
2019
2020
% Change
$667,649
$618,953
-7.3%
$241
$252
4.8%
143
48
-66.4%
$975,000
$870,000
-10.8%
18
26
44.4%
95.3%
97.4%
2.2%
MESA MEADOWS January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$695,000
$888,000
27.8%
$492
$442
-10.0%
4
27
575.0%
$715,000
$1,050,000
46.9%
2
3
50.0%
102.1%
96.1%
-5.8%
MICROMARKET REPORT | West Metro livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
7.0%
MESA VIEW ESTATES January through March Average Price Average Price per Square Foot
The average days on market for the
Average Days on Market
neighborhood of Mesa View Estates decreased
Highest Price
by 7.0% January through March 2020 compared
Properties Sold
to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$881,250
$844,999
-4.1%
$271
$249
-8.3%
43
40
-7.0%
$1,150,000
$938,888
-18.4%
6
3
-50.0%
98.6%
97.3%
-1.3%
NORTH TABLE MOUNTAIN VILLAGE January through March
2019
2020
% Change
Average Price
-
$711,000
-
Average Price per Square Foot
-
$283
-
Average Days on Market
-
3
-
Highest Price
-
$711,000
-
No Sales
1
-
-
105.3%
-
Properties Sold % Sold Price to List Price
12.5%
The average price per square foot for the
neighborhood of Oak Park increased by 12.5% January through March 2020 compared to that
OAK PARK January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$549,950
$545,000
-0.9%
$243
$273
12.5%
24
21
-12.5%
$620,400
$575,000
-7.3%
2
2
0.0%
96.8%
99.0%
2.3%
of 2019.
coloradomicroreports.com
RYAN RANCH January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$679,750
-
-
Ryan Ranch is a close-knit
$248
-
-
community located just
22
-
-
down the road from the
$699,500
-
-
shops and restaurants of
2
No Sales
-
Westwoods Center.
97.8%
_
-
1.4%
SKYLINE ESTATES January through March Average Price Average Price per Square Foot Average Days on Market
The average price for the neighborhood of Skyline
Highest Price
Estates increased by 1.4% January through March
Properties Sold
2020 compared to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$592,450
$601,000
1.4%
$247
$255
3.5%
27
8
-70.4%
$655,000
$601,000
-8.2%
4
1
-75.0%
100.0%
97.7%
-2.3%
SOLTERRA January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$806,131
$844,083
4.7%
$339
$376
11.1%
59
44
-25.4%
$1,318,370
$1,200,000
-9.0%
10
12
20.0%
97.5%
98.6%
1.1%
2252 S Loveland Street, Lakewood
MICROMARKET REPORT | West Metro livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
SPRING MESA January through March Average Price
Surrounded by open space,
Average Price per Square Foot
this Arvada neighborhood
Average Days on Market
is full of beautiful and idyllic
Highest Price
scenery.
Properties Sold % Sold Price to List Price
2019
2020
% Change
$842,500
$900,000
6.8%
$300
$231
-23.1%
6
5
-16.7%
$890,000
$900,000
1.1%
4
1
-75.0%
99.7%
97.3%
-2.4%
SUNRISE RIDGE January through March Average Price Average Price per Square Foot
2019
2020
% Change
$675,000
$725,833
7.5%
$227
$301
32.7%
31
124
300.0%
$725,000
$760,000
4.8%
2
3
50.0%
100.0%
94.5%
-5.5%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
6002 Umber Street, Arvada
15.4%
TABLEROCK January through March Average Price Average Price per Square Foot
The average price per sqaure foot for the
Average Days on Market
neighborhood of Tablerock increased by 15.4%
Highest Price
January through March 2020 compared to that
Properties Sold
of 2019.
% Sold Price to List Price
2019
2020
% Change
$983,500
$828,000
-15.8%
$270
$312
15.4%
7
2
-71.4%
$1,027,000
$828,000
-19.4%
2
1
-50.0%
100.8%
99.8%
-1.1%
coloradomicroreports.com
TAMARISK January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$712,475
$779,975
9.5%
$234
$232
-1.0%
38
13
-65.8%
$784,950
$799,950
1.9%
2
1
-50.0%
96.5%
97.5%
1.1%
9.5%
The average price in the neighborhood of Tamarisk increased by 9.5% January through March 2020 compared to that of 2019.
TRAIL VILLAGE
Trail Village is set alongside
January through March
Jefferson County Open
2019
2020
% Change
Average Price
-
$747,750
-
Space, parks, trails and
Average Price per Square Foot
-
$259
-
features stunning mountain
Average Days on Market
-
40
-
views. This community is
Highest Price
-
$940,000
-
minutes to coffee shops
Properties Sold
No Sales
2
-
and restaurants.
% Sold Price to List Price
-
98.5%
-
WEST WOODS January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$636,250
$618,223
-2.8%
$274
$276
0.5%
47
34
-27.7%
$915,500
$940,000
2.7%
10
22
120.0%
97.4%
99.5%
2.1%
MICROMARKET REPORT | West Metro livsothebysrealty.com
JANUARY - MARCH 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.