MICROMARKET REPORT |
West Metro • Mid-Year 2018
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: 1552 Jesse Lane, Golden
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WEST METRO market update Located just west of Denver, the West Metro area offers a diversified geographic setting that includes urban and rural lifestyle opportunities and thriving communities including Lakewood, Arvada, and Golden. The added convenience of being located just minutes away from downtown Denver, in close proximity to abundant cultural, recreational and entertainment offerings, makes the region a popular place to live for families and professionals of all ages. The West metro area provides a diverse industry base, with employment opportunities in aerospace, aviation, bioscience, and energy, that draws a large labor pool of highly skilled workers to the area and contributes to West Metro being one of the largest population centers in the state.
Mid-Year 2018 Highlights: • Village of Five Parks’ average price is $572,432
6.8%
Evidence of the West Metro area’s thriving real estate market can be seen in LIV Sotheby’s International Realty’s Mid-Year Micro Market Report, which compares 2018 January through June statistics to that of 2017, for single family homes and attached dwellings.
• Mesa View Estates’ average price is $732,615
6.3%
• Trail Village’s average price is $752,681
15.6%
• West Wood’s average price is $671,994
10.8%
Evidence of West Metro’s micro market growth include statistics showing the Village of Five Parks neighborhood’s average price rising to $572,432 up 6.8% year-over-year from 2017. Mesa View Estates’ average price rose to $732,615, up 6.3% from 2017. Trail Village’s average price rose to $752,681, a significant 15.6% increase year-over-year, and West Wood’s average price rose to $671,994 up 10.8% year-over-year, from 2017.
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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 | West Metro MID -YEAR 2018 • COLORADOMICROREPORTS.COM
ALKIRE ESTATES January through June
2017
2018
% Change
Average Price
-
$795,000
-
Average Price per Square Foot
-
$196
-
Average Days on Market
-
2
-
Highest Price
-
$795,000
-
No Sales
1
-
-
101.3%
-
Properties Sold % Sold Price to List Price
APPLEWOOD January through June Average Price
2017
$586,945
0.5%
$295
$336
14.0%
29
26
-10.3%
$1,760,000
$1,430,000
-18.8%
59
62
5.1%
97.1%
98.3%
1.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$583,915
Average Price per Square Foot
Highest Price
2018
14.0%
January through June 2018, the average price per square foot in the neighborhood of Applewood increased by 14% compared to that of 2017.
CANDELAS January through June
2017
Average Price
$564,608
$579,663
2.7%
$203
$221
9.0%
148
90
-39.2%
$1,099,900
$1,025,000
-6.8%
46
75
63.0%
97.5%
98.8%
1.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
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CANYON POINT Canyon Point is located just north of Golden near many restaurants and shops, and boasts sweeping views of Colorado’s foothills.
January through June
2017
Average Price
$685,000
$768,667
12.2%
$313
$353
12.8%
23
3
-87.0%
$840,000
$965,000
14.9%
4
3
-25.0%
97.3%
98.6%
1.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
EAGLE RIDGE January through June Average Price
2017
$557,500
33.0%
$220
$351
59.4%
70
4
-94.3%
$625,000
$675,000
8.0%
3
4
33.3%
96.7%
102.1%
5.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$419,300
Average Price per Square Foot
Highest Price
2018
FIELDSTONE January through June
Fieldstone is a family-friendly community within Arvada that borders Long Lake Regional Park, offering residents easy access to many recreational trails.
2017
2018
% Change
Average Price
-
$616,875
-
Average Price per Square Foot
-
$232
-
Average Days on Market
-
42
-
Highest Price
-
$692,500
-
No Sales
4
-
-
98.8%
-
Properties Sold % Sold Price to List Price
MICROMARKET REPORT | West Metro livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
VILLAGE AT FIVE PARKS January through June Average Price
2017
$572,432
6.8%
$215
$223
3.8%
35
15
-57.1%
$710,000
$660,000
-7.0%
26
17
-34.6%
98.1%
99.8%
1.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$535,904
Average Price per Square Foot
Highest Price
2018
6.8%
The average price in the neighborhood of The Village at Five Parks increased by 6.8% January through June 2018 compared to that of 2017.
GARDENS AT TABLE MOUNTAIN January through June
2017
2018
Average Price
$965,500
$842,500
-12.7%
$370
$304
-17.8%
102
27
-73.5%
$1,206,000
$1,000,000
-17.1%
2
2
0.0%
96.4%
98.2%
1.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
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
2017
2018
% Change
$548,704
$598,316
9.0%
$330
$383
15.9%
21
22
4.8%
$1,200,000
$1,100,000
-8.3%
75
71
-5.3%
100.0%
100.3%
0.3%
Golden is conveniently located near I-70, offering quick access to both metro Denver and Colorado’s world-class ski resorts.
coloradomicroreports.com
LEYDEN ROCK January through June Average Price
2017
$615,497
12.8%
$223
$238
6.3%
113
88
-22.1%
$830,000
$1,004,076
21.0%
72
61
-15.3%
97.9%
98.9%
1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
5.1%
January through June 2018, the highest price in the neighborhood of Mesa Meadows increased by 5.1% compared to that of 2017.
% Change
$545,482
Average Price per Square Foot
Highest Price
2018
MESA MEADOWS January through June Average Price
2017
$815,167
-2.0%
$412
$314
-23.7%
37
30
-18.9%
$885,000
$930,000
5.1%
2
3
50.0%
96.2%
96.6%
0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$832,063
Average Price per Square Foot
Highest Price
2018
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
2017
2018
% Change
$688,873
$732,615
6.3%
$241
$234
-2.8%
26
168
546.2%
$850,000
$825,000
-2.9%
11
13
18.2%
98.6%
95.5%
-3.1%
MICROMARKET REPORT | West Metro livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
OAK PARK January through June Average Price
2017
% Change
$321,250
$487,833
51.9%
$166
$227
37.1%
23
11
-52.2%
$322,500
$540,000
67.4%
2
5
150.0%
96.6%
96.8%
0.2%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price
RYAN RANCH January through June Average Price
2017
% Change
$615,250
$636,667
3.5%
$209
$239
14.7%
115
27
-76.5%
$637,000
$680,000
6.8%
4
3
-25.0%
96.4%
98.9%
2.7%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price
14.7%
The average price per square foot for the neighborhood of Ryan Ranch increased by 14.7% January through June 2018 compared to that of 2017.
SKYLINE ESTATES January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$539,638
$544,167
0.8%
$223
$248
11.6%
23
17
-26.1%
$575,000
$565,000
-1.7%
8
6
-25.0%
98.3%
99.4%
1.1%
coloradomicroreports.com
20.1%
January through June 2018, the average price per square foot in the neighborhood of Spring Mesa increased by 20.1% compared to that of 2017.
SPRING MESA January through June
2017
Average Price
$800,688
$810,000
1.2%
$234
$281
20.1%
42
8
-81.0%
$930,000
$887,000
-4.6%
8
8
0.0%
98.2%
99.4%
1.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
SUNRISE RIDGE January through June Average Price
2017
$618,667
2.1%
$218
$234
7.4%
14
7
-50.0%
$694,000
$636,000
-8.4%
9
4
-55.6%
99.5%
100.3%
0.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$605,851
Average Price per Square Foot
Highest Price
2018
TABLE ROCK January through June Average Price
Table Rock is a newly developed community, offering ranch-style and two-story residences at the base of Table Rock Mountain.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
2018
% Change
$794,050
$801,082
0.9%
$258
$251
-2.5%
25
35
40.0%
$863,000
$975,000
13.0%
8
11
37.5%
98.0%
98.0%
0.0%
MICROMARKET REPORT | West Metro livsothebysrealty.com
MID -YEAR 2018 • COLORADOMICROREPORTS.COM
TRAIL VILLAGE January through June Average Price
2017
% Change
$651,094
$752,681
15.6%
$222
$273
22.8%
29
17
-41.4%
$1,340,000
$1,050,000
-21.6%
5
8
60.0%
96.4%
102.4%
6.2%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price
WESTWOOD January through June Average Price
2017
% Change
$606,411
$671,994
10.8%
$244
$260
6.4%
24
19
-20.8%
$1,340,000
$1,050,000
-21.6%
46
42
-8.7%
99.3%
100.4%
1.1%
Average Price per Square Foot Average Days on Market Highest Price
2018
Properties Sold % Sold Price to List Price
NUMBER OF DAYS OF SUNSHINE: 300
10.8%
January through June 2018, the average price in the neighborhood of West Woods increased by 10.8% compared to that of 2017.
NUMBER OF CRAFT BREWERIES IN GOLDEN: 7
DESIGNATED ACRES FOR PARKS IN ARVADA: 3,400
coloradomicroreports.com
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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.