QUARTER 2 2022
Micro Market Report WEST METRO
1992 Montane Drive
32453 Upper Bear Creek Road
West Metro
WEST METRO NEIGHBORHOODS
MARKET UPDATE
1.
LIV Sotheby’s International Realty produces a Micro Market Report focused on the West Metro market and its performance from January through June of 2022 compared to the same time frame in 2021. During the first half of the year, West Metro saw average home prices appreciate by 18.2% to reach an average price of $717,146. The average amount of time that homes spent on the market was 10 days—16.7% less time than January through June of 2021. These increases indicate that West Metro remains a hot market for homebuying and selling in Colorado. Several West Metro communities enjoyed price appreciation through the first quarter of the year as compared to the same period last year. In Arvada, the average price for a home rose by 18.8% to reach $674,956 in Q2. In the City of Golden, homes sold for average price of $900,560 which is 17.2% higher than the same time frame in 2021. Some of the most affordable homes were found in Arvada where the average sale price was $674,956. On the other hand, some of the most expensive homes were recorded in Mesa Meadows where the average sale price was $1,569,500.
8. Village of Five Parks
14. North Table
9. Golden
3. Arvada
10. Green Mountain Village
15. Oak Park
21. Table Rock
4. Candelas
11. Leyden Rock
16. Ryan Ranch
22. Tamarisk
5. Canyon Point
12. Mesa Meadows
17. Skyline Estates
23. Trail Village
6. Eagle Ridge
13. Mesa View Estates
18. Solterra
24. West Woods
Mountain Village
4 8
11
1 19 15
23 24 7
With unbeatable access to both the city and Colorado’s scenic natural spaces, West Metro will continue to provide homebuyers and sellers with unique opportunities to reach their real estate and lifestyle goals.
21
10
3
20 16
17
14
12 5
9
WEST METRO
2
January through June
2021
2022
% Change
New Listings
6,378
6,467
1.4%
Sold Listings (All Properties)
5,253
5,052
-3.8%
Average Price (All Properties)
$606,976
$717,146
18.2%
Average Price (Single Family)
$697,082
$819,467
17.6%
12
10
-16.7%
104.3%
104.8%
0.5%
% Sold Price to Original List Price
20. Sunrise Ridge
Fieldstone
In addition to increases in prices, the surge of demand resulted in increases in the number of homes sold in several West Metro neighborhoods. For example, in the Village of Five Parks property sales rose by 114.3%, growing from seven sales through June of 2021 to 15 sales through June of 2022. Other areas also experienced a boost in home sales during the first half of the year such as the City of Golden where there were 108 homes sold—a 10.2% increase from the same time frame last year. Arvada, the community which had the most homes sold through Q2 in West Metro, saw a 1.7% decrease in property sales which still reached the impressive total of 1,359 homes sold.
Average Days on Market
19. Spring Mesa
2. Applewood
7.
For those that love the energy that Denver embodies but want to be just one step closer to the mountains, West Metro is the place to be. This community within Jefferson County is a suburban haven with all of the entertainment, shopping, and recreation options of a big city. Offering more space and affordability than Denver Metro, this collection of neighborhoods is attractive to consumers of all ages and lifestyles, and has remained a popular destination for those looking to create the life they love along the Front Range.
Alkire Estates
6 13 10
Counties: Jefferson
18 22
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.
MICRO MARKET REPORT | West Metro coloradomicroreports.com
livsothebysrealty.com
JANUARY - JUNE 2022 • COLORADOMICROREPORTS.COM
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
January through June
APPLEWOOD
ALKIRE ESTATES
Average Price
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
The average price per square foot in
Arvada increased by 19.1% in the first half of 2022 compared to that of 2021.
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2022
% Change
January through June
$1,304,333
$1,340,000
2.7%
$344
$491
42.8%
47
24
-48.9%
$1,385,000
$1,515,000
9.4%
3
4
33.3%
96.2%
98.2%
2.1%
2021
2022
% Change
$864,376
$970,769
12.3%
Average Price
$456
$563
23.4%
Average Price Per Square Foot
13
7
-46.2%
$2,700,000
$2,500,000
-7.4%
Highest Price
58
53
-8.6%
Properties Sold
103.6%
107.9%
4.2%
2021
2022
% Change
$568,204
$674,956
18.8%
Average Price
$356
$424
19.1%
Average Price Per Square Foot
9
13
44.4%
Average Days on Market
$3,025,000
$2,680,000
-11.4%
Highest Price
1,383
1,359
-1.7%
Properties Sold
105.0%
105.2%
0.2%
% Sold Price to List Price
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
January through June
Average Days on Market
% Sold Price to List Price
January through June
2021
2022
% Change
$775,606
$947,828
22.2%
$282
$353
24.9%
17
11
-35.3%
$1,350,000
$1,860,000
37.8%
43
48
11.6%
101.7%
104.9%
3.1%
2021
2022
% Change
$1,214,000
$1,567,500
29.1%
$486
$592
21.8%
5
3
-40.0%
$1,400,000
$1,811,000
29.4%
5
3
-40.0%
118.7%
118.2%
-0.4%
2021
2022
% Change
$1,035,571
$1,082,500
4.5%
$435
$505
16.1%
4
3
-25.0%
$1,325,000
$1,335,000
0.8%
7
2
-71.4%
110.7%
105.6%
-4.6%
29.1%
The average home price in Canyon Point
increased by 29.1% in the first half of 2022 compared to that of 2021.
A newer community, Eagle Ridge is comprised of three different neighborhoods with larger homes that come in two-story, tri-level, and ranch style. Nearby there’s beautiful parks and trails, and a bike path that leads right to Golden.
EAGLE RIDGE
19.1%
January through June
2021
CANYON POINT
ARVADA
January through June
CANDELAS
Alkire Estates offers custom homes on larger lots, typically around one-half acre and up. Residents love Alkire Estates because of the vast green open space, as well as it’s location nearby Standley Lake and Standley Lake State Park.
FIELDSTONE
% Change
Average Price
-
$1,260,000
-
Average Price
Average Price Per Square Foot
-
$439
-
Average Price Per Square Foot
Average Days on Market
-
8
-
Average Days on Market
Highest Price
-
$1,500,000
-
Highest Price
No Sales
4
-
Properties Sold
-
111.3%
-
% Sold Price to List Price
2021
2022
% Change
$768,786
$873,800
13.7%
Average Price
$287
$356
23.9%
Average Price Per Square Foot
7
4
-42.9%
$871,000
$1,101,000
26.4%
Highest Price
7
15
114.3%
Properties Sold
105.9%
105.1%
-0.8%
2021
2022
% Change
$768,306
$900,560
17.2%
$484
$597
23.3%
12
5
-58.3%
$2,200,000
$2,300,000
4.5%
98
108
10.2%
105.4%
106.2%
0.8%
Properties Sold % Sold Price to List Price
114.3%
January through June Average Price Average Price Per Square Foot Average Days on Market
The number of properties sold in Village of
Highest Price
Five Parks increased by 114.3% in the first
Properties Sold
half of 2022 compared to that of 2021.
% Sold Price to List Price
GOLDEN
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
January through June
January through June
Average Days on Market
% Sold Price to List Price
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$582,337
$727,791
25.0%
$409
$445
8.8%
3
6
100.0%
$790,000
$1,230,000
55.7%
59
54
-8.5%
106.9%
105.9%
-1.0%
2021
2022
% Change
$771,942
$924,201
19.7%
$313
$376
20.3%
8
6
-25.0%
$1,125,000
$1,239,722
10.2%
52
35
-32.7%
102.9%
104.7%
1.7%
2021
2022
% Change
$1,081,500
$1,569,500
45.1%
$490
$813
66.1%
2
11
450.0%
$1,255,000
$2,300,000
83.3%
2
5
150.0%
118.6%
100.9%
-14.9%
25.0%
The average home price in Green Mountain Village increased by 25.0% in the first half of 2022 compared to that of 2021.
Located north of downtown Golden and backing up to North Table Mountain, Mesa Meadows is a popular neighborhood filled with a variety of different homes like two-story, ranch style, and large custom homes.
MESA MEADOWS
2022
LEYDEN ROCK
VILLAGE OF FIVE PARKS
Fieldstone is a suburban neighborhood in the town of Arvada with close access to the shops of Olde Town Arvada.
2021
GREEN MOUNTAIN VILLAGE
January through June
MESA VIEW ESTATES NORTH TABLE MOUNTAIN VILLAGE
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
26.7%
January through June Average Price Average Price Per Square Foot Average Days on Market
The average price per square foot sold in
Highest Price
North Table Mountain Village increased
Properties Sold
by 26.7% in the first half of 2022 compared to that of 2021.
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
January through June
$1,117,778
$1,234,100
10.4%
Average Price
$342
$394
15.2%
Average Price Per Square Foot
8
14
75.0%
Average Days on Market
$1,700,000
$1,785,000
5.0%
Highest Price
9
10
11.1%
Properties Sold
103.3%
102.2%
-1.0%
% Sold Price to List Price
2021
2022
% Change
$869,875
$880,000
1.2%
$389
$493
26.7%
Average Price Per Square Foot
34
1
-97.1%
Average Days on Market
$1,061,000
$880,000
-17.1%
Highest Price
4
1
-75.0%
109.1%
115.8%
6.1%
2021
2022
% Change
$737,500
$615,000
-16.6%
$335
$348
3.8%
7
3
-57.1%
Average Days on Market
$755,000
$615,000
-18.5%
Highest Price
2
1
-50.0%
Properties Sold
103.7%
119.4%
15.2%
January through June Average Price
Properties Sold % Sold Price to List Price
January through June Average Price Average Price Per Square Foot
% Sold Price to List Price
2021
2022
% Change
$862,500
$1,227,500
42.3%
$309
$457
48.0%
8
2
-75.0%
$910,000
$1,260,000
38.5%
2
4
100.0%
99.1%
108.2%
9.2%
2021
2022
% Change
$787,500
$919,605
16.8%
$354
$408
15.3%
4
6
50.0%
$875,000
$1,008,129
15.2%
6
6
0.0%
108.8%
107.6%
-1.1%
2021
2022
% Change
$976,985
$1,142,384
16.9%
$375
$507
35.3%
24
8
-66.7%
$1,854,000
$1,985,000
7.1%
41
44
7.3%
100.7%
105.9%
5.1%
16.8%
The average home price in Skyline Estates increased by 16.8% in the first half of 2022 compared to that of 2021.
Solterra is located between Green Mountain and Bear Creek Lake Park, with impressive views to the west of Red Rocks, Mount Morrison, and the Foothills.
SOLTERRA
Oak Park is a suburban neighborhood located in Arvada and contains both single-family homes and apartments. Inside the neighborhood lies the Oak Park, with playgrounds, fields, paved trails, sport courts, and a baseball diamond.
% Sold Price to List Price
2022
SKYLINE ESTATES
OAK PARK
Average Price
2021
RYAN RANCH
January through June
SPRING MESA SUNRISE RIDGE
first half of 2022 compared to that of 2021.
Sunrise Ridge offers residents perfect suburban living in Arvada. Located about two miles away from both The Bibber Creek Stables as well as the West Woods Golf Course, Sunrise Ridge is perfect for those who enjoy their daily outdoor activities.
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
January through June
2021
2022
% Change
$1,228,000
$1,434,151
16.8%
Average Price
-
$1,070,000
-
$369
$516
40.1%
Average Price Per Square Foot
-
$351
-
13
5
-61.5%
Average Days on Market
-
4
-
$1,325,000
$1,575,000
18.9%
Highest Price
-
$1,140,000
-
5
4
-20.0%
No Sales
2
-
98.3%
111.7%
13.7%
-
102.1%
-
2021
2022
% Change
2021
2022
% Change
$837,711
$1,050,000
25.3%
Average Price
-
$1,210,000
-
$326
$439
34.5%
Average Price Per Square Foot
-
$350
-
3
0
-100.0%
Average Days on Market
-
18
-
$1,096,000
$1,050,000
-4.2%
Highest Price
-
$1,210,000
-
5
1
-80.0%
No Sales
1
-
106.9%
102.4%
-4.2%
-
100.8%
-
2021
2022
% Change
$1,168,333
$1,710,000
46.4%
Average Price
$357
$487
36.6%
Average Price Per Square Foot
1
3
200.0%
$1,415,000
$1,710,000
20.8%
6
1
-83.3%
101.2%
104.9%
3.6%
Properties Sold % Sold Price to List Price
January through June
Properties Sold % Sold Price to List Price
January through June
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$807,222
$1,204,890
49.3%
$324
$462
42.8%
4
9
125.0%
$1,091,000
$2,000,000
83.3%
9
10
11.1%
108.3%
103.9%
-4.1%
Trail Village is a beautiful community in Arvada that runs along the Jefferson Country Open Space. Here you have close access to a variety of trails, parks, and the West Woods Golf Course.
WEST WOODS
TABLE ROCK
Spring Mesa increased by 40.1% in the
Average Price Per Square Foot
2022
TRAIL VILLAGE
The average price per square foot in
Average Price
2021
TAMARISK
40.1%
January through June
Tamarisk is located in south Green Mountain, a Lakewood suburb. Tamarisk offers close proximity to some of Colorado’s best amenities, including Red Rocks Amphitheater, Bear Creek Lake Park, Dinosaur Ridge Park, and Morrison.
MICRO MARKET REPORT | West Metro JANUARY - JUNE 2022 • COLORADOMICROREPORTS.COM