NEIGHBORHOOD MICROMARKET REPORT |
January through June
2016
2017
% Change
Average Price West Metro • Quarter 1 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: 1874 Foothills Drive, Golden
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WEST METRO AREA Market Introduction The West Metro Area Micro Market Report (MMR), prepared by LIV Sotheby’s International Realty, compares 2017 statistics (January through March), to that of 2016, for single family homes and attached dwellings. 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 east-west 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. Highlights from the West Metro area include Sunrise Ridge’s average price rising to $679,000, up 17.1%, from 2016. Trail Village’s average price rose to $475,667, up 12.1%, from 2016 and Mesa Meadow’s average price rose to $779,125, up 12% from 2016. Finally, West Wood’s average price rose to $543,030, up 8.8% from 2016.
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Q1 2017 Highlights: • Mesa Meadows’s average price is $779,125
12.0%
• Sunrise Ridge’s average price is $679,000
17.1%
• Trail Village’s average price is $475,667
12.1%
• West Wood’s average price is $543,030
8.8%
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 QUARTER 1 2017 • COLORADOMICROREPORTS.COM
ALKIRE ESTATES January through March Average Price
2016
2017
% Change
$738,000
-
-
Average Price per Square Foot
$181
-
-
Average Days on Market
206
-
-
$738,000
-
-
1
No Sales
-
90.0%
-
-
Highest Price Properties Sold % Sold Price to List Price
APPLEWOOD January through March Average Price
2016
$527,112
2.9%
$259
$270
4.1%
64
37
-42.2%
$690,000
$825,000
19.6%
21
21
0.0%
95.6%
95.6%
0.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$512,424
Average Price per Square Foot
Highest Price
2017
2.9%
During Q1 2017, the average price in the neighborhood of Applewood increased by 2.9% compared to Q1 2016.
CANDELAS January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$546,816
$552,045
1.0%
$205
$200
-2.6%
182
232
27.5%
$857,568
$764,039
-10.9%
15
19
26.7%
99.2%
97.7%
-1.6%
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CANYON POINT January through March
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
-
$695,000
-
Average Price per Square Foot
-
$343
-
Average Days on Market
-
5
-
Highest Price
-
$840,000
-
No Sales
2
-
-
102.0%
-
Properties Sold % Sold Price to List Price
EAGLE RIDGE January through March
2016
Average Price
$594,000
$575,000
-3.2%
$295
$268
-9.0%
69
99
43.5%
$594,000
$625,000
5.2%
1
2
100.0%
91.4%
96.4%
5.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
FIELDSTONE Just minutes from Golden, Fieldstone features a neighborhood of single family homes and condos close to outdoor recreation.
January through March
2016
Average Price
$566,800
-
-
$202
-
-
100
-
-
$593,000
-
-
3
No Sales
-
97.9%
-
-
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
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
VILLAGE OF FIVE PARKS January through March Average Price
2016
$501,777
4.8%
$202
$223
10.4%
13
35
169.2%
$515,000
$640,000
24.3%
8
9
12.5%
97.4%
98.1%
0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$479,000
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 March Average Price
2016
$595,907
-16.1%
$246
$242
-1.6%
173
155
-10.4%
$710,000
$719,000
1.3%
1
4
300.0%
100.0%
97.7%
-2.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$710,000
Average Price per Square Foot
Highest Price
2017
GOLDEN INCORPORATED January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$496,855
$524,585
5.6%
$274
$324
18.5%
37
25
-32.4%
$1,350,000
$885,000
-34.4%
22
31
40.9%
97.6%
99.3%
1.7%
18.5%
The average price per square foot in Golden Incorporated increased by 18.5% in Q1 2017 compared to Q1 2016.
coloradomicroreports.com
LEYDEN ROCK January through March Average Price
2016
$513,127
-6.4%
$200
$216
8.5%
126
88
-30.2%
$662,000
$640,061
-3.3%
10
28
180.0%
97.5%
97.9%
0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
12.0%
During Q1 2017, the average price in the neighborhood of Mesa Meadows increased by 12.0% compared to Q1 2016.
% Change
$548,105
Average Price per Square Foot
Highest Price
2017
MESA MEADOWS January through March
2016
Average Price
$695,500
$779,125
12.0%
$332
$436
31.3%
34
66
94.1%
$730,000
$779,125
6.7%
2
1
-50.0%
97.9%
91.7%
-6.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
MESA VIEW ESTATES January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$815,050
$624,000
-23.4%
$251
$217
-13.5%
74
40
-45.9%
$1,284,800
$720,000
-44.0%
4
4
0.0%
98.2%
96.1%
-2.2%
MICROMARKET REPORT | West Metro livsothebysrealty.com
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
OAK PARK January through March
2016
Average Price
$590,000
-
-
$244
-
-
6
-
-
$590,000
-
-
1
No Sales
-
99.2%
-
-
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
RYAN RANCH January through March
2016
2017
% Change
Average Price
-
$613,667
-
Average Price per Square Foot
-
$207
-
Average Days on Market
-
152
-
Highest Price
-
$637,000
-
No Sales
3
-
-
95.7%
-
Properties Sold % Sold Price to List Price
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 March
2016
2017
% Change
Average Price
-
$500,000
-
Average Price per Square Foot
-
$198
-
Average Days on Market
-
91
-
Highest Price
-
$500,000
-
No Sales
1
-
-
92.6%
-
Properties Sold % Sold Price to List Price
coloradomicroreports.com
6.8%
During Q1 2017, the average price in the neighborhood of Spring Mesa increased by 6.8% compared to Q1 2016.
SPRING MESA January through March Average Price
2016
$852,500
6.8%
$236
$215
-8.9%
5
63
1160.0%
$840,000
$865,000
3.0%
4
2
-50.0%
100.3%
98.0%
-2.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$798,000
Average Price per Square Foot
Highest Price
2017
SUNRISE RIDGE January through March Average Price
2016
$679,000
17.1%
$175
$205
17.1%
32
15
-53.1%
$604,497
$679,000
12.3%
4
1
-75.0%
96.2%
100.0%
3.9%
Average Days on Market
Properties Sold % Sold Price to List Price
31.9%
The average price per square foot for the neighborhood of Table Rock increased by 31.9% in Q1 2017 compared to Q1 2016.
% Change
$579,874
Average Price per Square Foot
Highest Price
2017
TABLE ROCK January through March
2016
2017
Average Price
$868,000
$832,500
-4.1%
$247
$326
31.9%
1
59
5800.0%
$868,000
$860,000
-0.9%
1
3
200.0%
98.7%
96.0%
-2.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
MICROMARKET REPORT | West Metro livsothebysrealty.com
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
TRAIL VILLAGE January through March Average Price
2016
% Change
$424,155
$475,667
12.1%
$200
$211
5.4%
2
33
1550.0%
$424,155
$507,000
19.5%
1
3
200.0%
102.2%
96.2%
-5.9%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
WEST WOODS January through March
2016
Average Price
$498,950
$543,030
8.8%
$218
$219
0.4%
33
31
-6.1%
$785,000
$670,000
-14.6%
12
10
-16.7%
98.9%
98.4%
-0.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
NUMBER OF DAYS OF SUNSHINE: 300
2017
% Change
8.8%
During Q1 2017, the average price in the neighborhood of West Woods increased by 8.8% compared to Q1 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.