MICROMARKET REPORT
WEST METRO | YEAR END 2019
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: 2400 Routt Street, Lakewood
coloradomicroreports.com
WEST METRO MARKET UPDATE The West Metro area of Denver, which lies within Jefferson County, is truly a unique market. The location gives its residents access to the city while also supplying open spaces that allow people to easily connect to Colorado’s natural beauty. The 24 neighborhoods that make up West Metro, such as Canyon Point, City of Golden Proper, Green Mountain Village, and Candelas, have no shortage of things to do with a plethora of dining, shopping, outdoor recreation, and nightlife options. Live here to get the best of everything Colorado has to offer. The West Metro Micro Market Report produced by LIV Sotheby’s International Realty analyzes the real estate market comparing year-end results of 2019 to the same time frame of 2018. As a whole, Jefferson County and West Metro experienced a 3.8% increase in new listings that came onto the market last year. Additionally, sold listings rose by 4.5% and total dollar volume sold increased by 7.8% last year compared to 2018. The average days on market for homes in Mesa View Estates, which sits on the border of the popular nature preserve William F. Hayden Park, fell by 69.8% making the average days on market for listings in this neighborhood 32 days. But it’s the homes in North Table Mountain Village that are selling the quickest. Listings in this community have the lowest average days on market in Jefferson County, with most homes spending just seven days on the market.
JEFFERSON COUNTY January through December
2018
2019
% Change
New Listings
11,780
11,935
3.8%
Sold Listings (All Properties)
10,055
10,267
4.5%
$462,609
$479,000
2.7%
23
27
23.1%
100.0%
99.0%
-1.1%
4,649,219,861
4,915,019,905
7.8%
Average Price Average Days on Market % Sold Price to Original List Price Total Dollar Volume Sold
Two neighborhoods are tied for the largest increase in properties sold within the West Metro. Sunrise Ridge and Oak Park both saw a 62.5% increase in the number of properties sold in 2019 compared to 2018, from eight homes sold in 2018 to 13 homes sold in 2019. These impressive numbers eclipse the average 4.5% growth seen throughout Jefferson County. While most areas within West Metro saw some increases in home prices, Canyon Point, had the highest increase in listing prices during 2019. Prices in this neighborhood, which is the most western of all 24 areas that make up West Metro, rose by 36% when comparing 2019 to 2018. The average price in this neighborhood for a home last year was $924,250. On the other hand, Leyden Rock home prices remained similar from the previous year. For 2019, the average price for a home was $620,139. As more millennial homebuyers embrace suburban areas such as West Metro, the real estate market in these kinds of communities continues to thrive, showing promising outcomes for the future.
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 - DECEMBER 2019 • COLORADOMICROREPORTS.COM
30.2%
The highest price for the neighborhood of Alkire Estates increased by 30.2% January through
December 2019 compared to that of 2018.
ALKIRE ESTATES January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$795,000
$942,500
18.6%
$196
$228
16.4%
2
28
1300.0%
$795,000
$1,035,000
30.2%
1
2
100.0%
101.3%
98.1%
-3.1%
APPLEWOOD January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$600,512
$622,128
3.6%
$334
$338
1.2%
32
35
9.4%
$1,595,000
$1,300,000
-18.5%
130
134
3.1%
96.6%
96.5%
-0.1%
2400 Routt Street, Lakewood
2.9%
The average price for the city of Arvada increased by 2.9% January through December 2019
compared to that of 2018.
ARVADA January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$445,969
$459,035
2.9%
$275
$283
3.0%
27
33
22.2%
$1,825,000
$1,230,000
-32.6%
2,590
2,653
2.4%
98.8%
98.1%
-0.7%
coloradomicroreports.com
CANDELAS January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
4.7%
2018
2019
% Change
$581,449
$591,078
1.7%
$223
$234
4.7%
78
74
-5.1%
The average price per square foot for the
$1,050,000
$1,215,000
15.7%
neighborhood of Candelas increased by 4.7%
130
162
24.6%
January through December 2019
98.0%
97.6%
-0.4%
compared to that of 2018.
CANYON POINT January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$809,000
$924,250
36.0%
$343
$363
5.9%
3
21
600.0%
$965,000
$1,100,000
14.0%
6
8
33.3%
100.2%
99.4%
-0.7%
1106 N Jackson Street, Golden
EAGLE RIDGE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$765,964
$772,527
0.9%
$336
$326
-3.0%
17
60
252.9%
$964,000
$1,400,000
45.2%
14
8
-42.9%
101.4%
97.9%
-3.5%
45.2%
The highest price for the neighborhood of Eagle Ridge increased by 45.2% January through
December 2019 compared to that of 2018.
MICROMARKET REPORT | West Metro livsothebysrealty.com
JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM
FIELDSTONE Fieldstone is a family-
January through December
friendly community within
Average Price
Arvada that borders Long
Average Price per Square Foot
Lake Regional Park, offering
Average Days on Market
residents easy access to
Highest Price
many recreational trails.
Properties Sold % Sold Price to List Price
VILLAGE OF FIVE PARKS January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$660,141
$692,108
4.8%
$231
$241
4.4%
30
33
10.0%
$805,000
$779,500
-3.2%
17
6
-64.7%
98.1%
98.0%
-0.1%
5.7%
2018
2019
% Change
$574,775
$607,824
5.7%
$227
$245
8.1%
21
20
-4.8%
The average price for the neighborhood
$675,000
$795,000
17.8%
of Village of Five Parks increased by 5.7%
25
33
32.0%
January through December 2019
99.1%
98.7%
-0.4%
compared to that of 2018.
CITY OF GOLDEN PROPER January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$595,005
$631,726
6.2%
$379
$400
5.5%
32
34
6.3%
$1,400,000
$1,797,500
28.4%
172
181
5.2%
99.9%
98.4%
-1.5%
coloradomicroreports.com
GREEN MOUNTAIN VILLAGE January through December Average Price
2018
2019
% Change
$442,248
$465,504
5.3%
$191
$196
2.6%
17
21
23.5%
$605,250
$592,500
-2.1%
116
118
1.7%
98.5%
98.5%
0.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
5.3%
The average price for the neighborhood of Green
Mountain Village increased by 5.3% January through December 2019 compared to that of 2018.
LEYDEN ROCK
Leyden Rock is a
January through December
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
2018
2019
% Change
$620,412
$620,139
0.0%
$242
$243
0.1%
62
79
27.4%
$1,004,076
$975,000
-2.9%
105
125
19.0%
98.8%
96.6%
-2.2%
MESA MEADOWS January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$855,357
$873,167
2.1%
$361
$421
16.6%
17
27
58.8%
$1,125,000
$1,797,500
59.8%
7
18
157.1%
97.2%
98.1%
1.0%
MICROMARKET REPORT | West Metro livsothebysrealty.com
JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM
69.8%
The average days on market for the neighborhood of Mesa View Estates decreased by 69.8% January
through December 2019 compared to that of 2018.
MESA VIEW ESTATES January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$758,250
$855,385
12.8%
$243
$266
9.7%
106
32
-69.8%
$1,000,000
$1,150,000
15.0%
28
13
-53.6%
94.7%
96.4%
1.8%
NORTH TABLE MOUNTAIN VILLAGE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$588,750
$644,524
9.5%
$265
$354
33.3%
11
7
-36.4%
$610,000
$725,000
18.9%
4
4
0.0%
99.1%
99.3%
0.2%
15163 W 55th Drive, Golden
16.9% The average price per square foot for the
neighborhood of Oak Park increased by 16.9% January through December 2019 compared to that of 2018.
OAK PARK January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$495,875
$526,723
6.2%
$233
$272
16.9%
8
30
275.0%
$560,000
$635,000
13.4%
8
13
62.5%
97.7%
98.1%
0.4%
coloradomicroreports.com
RYAN RANCH January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$654,150
$716,725
9.6%
$242
$250
3.5%
18
12
-33.3%
$725,000
$750,000
3.4%
6
8
33.3%
99.5%
99.6%
0.1%
14.3% The number of properties sold for the
The average price for the neighborhood of Ryan Ranch increased by 9.6% January through
December 2019 compared to that of 2018.
SKYLINE ESTATES January through December Average Price Average Price per Square Foot Average Days on Market
neighborhood of Skyline Estates increased
Highest Price
by 14.3% January through December 2019
Properties Sold
compared to that of 2018.
9.6%
% Sold Price to List Price
2018
2019
% Change
$554,279
$641,613
15.8%
$248
$251
1.0%
13
21
61.5%
$610,000
$1,400,000
129.5%
14
16
14.3%
99.2%
99.4%
0.2%
SOLTERRA January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$810,564
$854,544
5.4%
$335
$341
1.8%
55
41
-25.5%
$2,225,000
$1,890,000
-15.1%
80
69
-13.8%
97.6%
97.2%
-0.4%
2313 S Juniper Way, Lakewood
MICROMARKET REPORT | West Metro livsothebysrealty.com
JANUARY - DECEMBER 2019 • COLORADOMICROREPORTS.COM
SPRING MESA January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
SUNRISE RIDGE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$813,208
$830,300
2.1%
$288
$290
0.6%
13
21
61.5%
$900,000
$920,000
2.2%
12
15
25.0%
99.1%
97.9%
-1.2%
6.6%
2018
2019
% Change
$638,389
$680,500
6.6%
$261
$266
1.8%
28
13
-53.6%
The average price for the neighborhood of
$700,000
$775,000
10.7%
Sunrise Ridge increased by 6.6% January through
8
13
62.5%
December 2019 compared to that of 2018.
99.2%
99.5%
0.3%
9.9%
The average price for the neighborhood of Tablerock increased by 9.9% January through
December 2019 compared to that of 2018.
TABLEROCK January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$752,848
$827,671
9.9%
$268
$290
8.0%
18
12
-33.3%
$1,000,000
$1,027,000
2.7%
16
14
-12.5%
98.8%
100.0%
1.2%
coloradomicroreports.com
TAMARISK January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
25.0%
2018
2019
% Change
$608,700
$723,765
18.9%
$251
$242
-3.7%
19
30
57.9%
$807,000
$907,500
12.5%
neighborhood of Tamarisk increased by
8
10
25.0%
25.0% January through December 2019
99.6%
97.8%
-1.8%
compared to that of 2018.
The number of properties sold for the
TRAIL VILLAGE
Trail Village is set alongside
January through December
Jefferson County Open
Average Price
Space, parks, trails and
Average Price per Square Foot
features stunning mountain
Average Days on Market
views. This community is
Highest Price
minutes to coffee shops
Properties Sold
and restaurants.
% Sold Price to List Price
2018
2019
% Change
$848,454
$626,231
-26.2%
$264
$245
-7.1%
22
24
9.1%
$1,825,000
$915,000
-49.9%
11
5
-54.5%
100.8%
97.6%
-3.1%
WEST WOODS January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
2019
% Change
$669,359
$658,512
-1.6%
$263
$270
2.7%
23
36
56.5%
$1,825,000
$1,230,000
-32.6%
76
63
-17.1%
99.1%
97.7%
-1.4%
MICROMARKET REPORT | West Metro livsothebysrealty.com
JANUARY - DECEMBER 2019 • 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.