NEIGHBORHOOD MICROMARKET REPORT |
January through June
2016
2017
% Change
Average Price West Metro • Mid-Year 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
WEST METRO NEIGHBORHOODS
12
6 7 5
1
8
11
13 14
16
10 15 19
17 18
2 3 20 4
9
1. Canyon Point 2. Mesa Meadows 3. Golden Incorporated 4. Eagle Ridge 5. Table Rock 6. Spring Mesa 7. Trail Village 8. Fieldstone 9. Mesa View Estates 10. Sunrise Ridge 11. West Woods 12. Village of Five Parks 13. Candelas 14. Leyden Rock 15. Ryan Ranch 16. Alkire Estates 17. Oak Park 18. Skyline Estates 19. Gardens at Table Mountain 20. Applewood
Pictured on cover: 28300 Highway 72, Golden
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WEST METRO AREA Market Introduction The West Metro area consists of close-in suburban communities that are all located in eastern Jefferson County Colorado, and positioned just west of the central Denver metro area. West Metro areas are located on either side of I-70, which runs eastwest through these areas. Living in West Metro provides ample recreational opportunities with close proximity to Denver metro. The West Metro area has become increasingly popular among families, with its abundance of residential neighborhoods and proximity to good employment opportunities, and entertainment venues, including Red Rocks amphitheater. The West Metro Area Micro Market Report, prepared by LIV Sotheby’s International Realty, compares mid-year 2017 statistics, (January through June), to that of 2016, for single family homes and attached dwellings. Highlights from the West Metro area include Trail Village’s average price rising to $651,049, up 22.2%, from 2016. West Wood’s average price rose to $606,411, up 14.4% from 2016. Skyline Estates’ average price rose to $539,638, up 7.4%, from 2016 and Mesa Meadows’s average price rose to $832,063, up 6.7% from 2016.
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Q1 2017 Highlights: • Mesa Meadows’s average price is $832,063
6.7%
• Skyline Estates’s average price is $539,638
7.4%
• Trail Village’s average price is $651,049
22.2%
• West Wood’s average price is $606,411
14.4%
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 MID-YEAR 2017 • COLORADOMICROREPORTS.COM
ALKIRE ESTATES January through June Average Price
2016
-
-
$230
-
-
74
-
-
$882,000
-
-
4
No Sales
-
96.6%
-
-
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$833,750
Average Price per Square Foot
Highest Price
2017
APPLEWOOD January through June Average Price
2016
$583,915
12.1%
$269
$295
9.4%
48
29
-39.6%
$730,000
$1,760,000
141.1%
48
59
22.9%
97.2%
97.1%
-0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$521,026
Average Price per Square Foot
Highest Price
2017
12.1%
January through June 2017, the average price in the neighborhood of Applewood increased by 12.1% compared to that of 2016.
CANDELAS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$545,557
$564,608
3.5%
$202
$203
0.3%
177
148
-16.4%
$857,568
$1,099,900
28.3%
39
46
17.9%
98.5%
97.5%
-1.1%
coloradomicroreports.com
CANYON POINT January through June
Located just north of Golden, Canyon Point feels private, yet is close to the abundant recreational, cultural and culinary opportunities offered in Golden.
2016
2017
% Change
Average Price
-
$685,000
-
Average Price per Square Foot
-
$313
-
Average Days on Market
-
23
-
Highest Price
-
$840,000
-
No Sales
4
-
-
97.3%
-
Properties Sold % Sold Price to List Price
EAGLE RIDGE January through June Average Price
2016
$560,500
-5.6%
$289
$258
-10.9%
19
103
442.1%
$700,000
$560,500
-19.9%
4
2
-50.0%
98.1%
95.1%
-3.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$593,500
Average Price per Square Foot
Highest Price
2017
FIELDSTONE January through June Average Price
Just minutes from Golden, Fieldstone features a neighborhood of single family homes and condos close to outdoor recreation.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$590,486
-
-
$206
-
-
45
-
-
$660,000
-
-
7
No Sales
-
99.2%
-
-
MICROMARKET REPORT | West Metro livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
VILLAGE AT FIVE PARKS January through June Average Price
2016
$535,904
6.7%
$204
$215
5.4%
15
35
133.3%
$670,000
$710,000
6.0%
21
26
23.8%
98.1%
98.1%
0.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$502,440
Average Price per Square Foot
Highest Price
2017
Located in north Arvada, Village of Five Parks is a popular newer neighborhood that features five different parks, retail shops, a community center, and an elementary school within walking distance.
GARDENS AT TABLE MOUNTAIN January through June Average Price
2016
$636,723
2.8%
$289
$254
-12.1%
285
150
-47.4%
$770,000
$861,498
11.9%
5
7
40.0%
99.9%
97.9%
-1.9%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$619,552
Average Price per Square Foot
Highest Price
2017
GOLDEN INCORPORATED January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$524,254
$548,704
4.7%
$310
$330
6.5%
31
21
-32.3%
$1,350,000
$1,200,000
-11.1%
64
75
17.2%
99.9%
100.0%
0.1%
6.5%
The average price per square foot in Golden Incorporated increased by 6.5% January through June 2017 compared to that of 2016.
coloradomicroreports.com
LEYDEN ROCK January through June Average Price
2016
$545,587
-0.2%
$211
$24
-88.9%
151
113
-25.2%
$707,000
$830,000
17.4%
41
72
75.6%
96.1%
98.0%
1.9%
Average Days on Market
Properties Sold % Sold Price to List Price
6.7%
January through June 2017, the average price in the neighborhood of Mesa Meadows increased by 6.7% compared to that of 2016.
% Change
$546,657
Average Price per Square Foot
Highest Price
2017
MESA MEADOWS January through June Average Price
2016
$832,063
6.7%
$370
$412
11.5%
19
37
94.7%
$780,000
$885,000
13.5%
4
2
-50.0%
101.3%
96.2%
-5.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$780,000
Average Price per Square Foot
Highest Price
2017
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
2016
2017
% Change
$704,625
$702,400
-0.3%
$212
$235
10.9%
64
16
-75.0%
$825,000
$827,500
0.3%
4
4
0.0%
98.8%
99.8%
0.9%
MICROMARKET REPORT | West Metro livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
OAK PARK January through June Average Price
2016
% Change
$458,980
$500,000
8.9%
$222
$169
-23.9%
10
17
70.0%
$590,000
$500,000
-15.3%
5
1
-80.0%
97.0%
101.0%
4.1%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
RYAN RANCH January through June
2016
Average Price
$625,000
$615,250
-1.6%
$199
$209
4.8%
4
115
2775.0%
$625,000
$637,000
1.9%
1
4
300.0%
105.0%
96.4%
-8.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Ryan Ranch, located near Golden, features a neighborhood of single family homes with a pleasant year-round climate and an award-winning elementary school.
SKYLINE ESTATES January through June
2016
Average Price
$502,300
$539,638
7.4%
$219
$223
1.7%
5
23
360.0%
$520,000
$575,000
10.6%
5
8
60.0%
99.9%
98.3%
-1.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
coloradomicroreports.com
3.7%
January through June 2017, the average price in the neighborhood of Spring Mesa increased by 3.7% compared to that of 2016.
SPRING MESA January through June Average Price
2016
$800,688
3.7%
$237
$234
-1.1%
15
42
180.0%
$840,000
$930,000
10.7%
10
8
-20.0%
97.2%
98.2%
1.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$772,140
Average Price per Square Foot
Highest Price
2017
SUNRISE RIDGE January through June Average Price
2016
$567,766
-3.7%
$188
$219
16.5%
49
13
-73.5%
$625,000
$694,000
11.0%
11
10
-9.1%
97.9%
99.8%
1.9%
Average Days on Market
Properties Sold % Sold Price to List Price
23.7%
The average price per square foot for the neighborhood of Table Rock increased by 23.7% January through June 2017 compared to that of 2016.
% Change
$589,325
Average Price per Square Foot
Highest Price
2017
TABLE ROCK January through June
2016
Average Price
$609,400
$753,600
23.7%
$233
$277
19.0%
11
22
100.0%
$868,000
$863,000
-0.6%
5
9
80.0%
98.0%
98.2%
0.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
MICROMARKET REPORT | West Metro livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
TRAIL VILLAGE January through June Average Price
2016
% Change
$532,776
$651,094
22.2%
$219
$222
1.7%
5
29
480.0%
$789,950
$1,340,000
69.6%
4
5
25.0%
99.3%
96.4%
-2.9%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
WEST WOODS January through June Average Price
2016
% Change
$530,169
$606,411
14.4%
$233
$244
4.9%
20
24
20.0%
$799,900
$1,340,000
67.5%
32
46
43.8%
98.6%
99.3%
0.7%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
NUMBER OF DAYS OF SUNSHINE: 300
14.4%
January through June 2017, the average price in the neighborhood of West Woods increased by 14.4% compared to that of 2016.
NUMBER OF CRAFT BREWERIES IN GOLDEN: 6
DESIGNATED ACRES FOR PARKS IN ARVADA: 3,400
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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.