West Metro Market Reports | Quarter 3 2021

Q3 2021

Micro Market Report WEST METRO

6729 Bear Point Way

22101 Bear Tooth Drive

West Metro MARKET UPDATE

Denver’s West Metro community within Jefferson County is comprised of colorful neighborhoods that provide plenty of opportunities for fun, outdoor adventures, unique culinary experiences, and access to downtown Denver’s many entertainment options. This more suburban area is attractive to those looking for more space and affordability than can be found in the heart of Denver without giving up the urban lifestyle.

LIV Sotheby’s International Realty produces a Micro Market Report focused on the West Metro market and its performance from January through September of 2021 compared to the same time frame in 2020. So far this year, West Metro has seen average home prices appreciate by 20.1% to reach an average price of $616,873. Homes in this area sold for 103.3% of the original list price through September of this year. These increases resulted in a 19.9% boost in the overall dollar volume sold, totaling $5,348,285,977 so far this year.

through Q3 of this year – a 28.9% increase from the same time frame in 2020.

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.

JEFFERSON COUNTY January through September

2020

2021

% Change

10,289

10,222

-0.7%

8,687

8,670

-0.2%

Average Price (All Properties))

$513,606

$616,873

20.1%

Average Price (Single Family)

$579,298

$703,686

21.5%

23

11

-52.2%

100.0%

103.3%

3.3%

$4,461,691,263

$5,348,285,977

19.9%

New Listings Sold Listings (All Properties)

Average Days on Market

Several West Metro communities enjoyed price increases through the first three quarters of the year as compared to the same period last year. The City of Golden, a community where history and exciting recreation and entertainment options meet, saw home prices rise by 17.2% to reach an average price of $783,337. Green Mountain Village and Solterra also saw appreciating home prices. Average sale prices in these communities rose by 20.3% and 22.8% respectively to reach $594,080 and $1,017,663.

% Sold Price to Original List Price Total Dollar Volume Sold

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, Eagle Ridge property sales rose by 300%, growing from three sales through September of 2020 to 12 sales through September of 2021. The City of Golden also saw impressive increases in the number of homes sold. There were 174 homes sold 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.

coloradomicroreports.com

WEST METRO NEIGHBORHOODS

1.

Alkire Estates

8. Village of Five Parks

14. North Table

19. Spring Mesa

2. Applewood

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

7.

Mountain Village

20. Sunrise Ridge

Fieldstone

4 8

11

1 19 15

23 24 7 21

10

16

17

14

12 5

3

20

9 2 6 13 10

18 22

MICROMARKET REPORT | West Metro livsothebysrealty.com

JANUARY - SEPTEMBER 2021 • COLORADOMICROREPORTS.COM

ARVADA

January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

January through September

APPLEWOOD

ALKIRE ESTATES

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 spaces, as well as nearby Standley Lake and Standley Lake State Park.

Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

63.6% The average days on market in Arvada decreased by 63.6% January through September 2021 compared to that of 2020.

January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2020

2021

% Change

$1,165,000

$1,284,500

10.3%

$328

$346

5.5%

46

36

-21.7%

$1,225,000

$1,385,000

13.1%

3

4

33.3%

92.0%

97.9%

6.4%

2020

2021

% Change

$692,475

$858,693

24.0%

$383

$461

20.3%

20

12

-40.0%

$3,275,000

$2,700,000

-17.6%

104

99

-4.8%

99.8%

102.6%

2.8%

2020

2021

% Change

$496,010

$574,962

15.9%

$299

$359

20.1%

22

8

-63.6%

$1,490,000

$3,025,000

103.0%

2,276

2,236

-1.8%

100.5%

104.0%

3.5%

Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % 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

Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

$627,937

$774,164

23.3%

$243

$296

21.5%

48

13

-72.9%

$1,490,000

$1,350,000

-9.4%

147

81

-44.9%

99.6%

101.8%

2.2%

2020

2021

% Change

$826,750

$1,282,500

55.1%

$364

$492

35.2%

8

5

-37.5%

$915,000

$1,625,000

77.6%

6

6

0.0%

101.9%

118.3%

16.0%

2020

2021

% Change

$964,667

$1,036,667

7.5%

$376

$457

21.5%

3

4

33.3%

$1,260,000

$1,540,000

22.2%

3

12

300.0%

103.8%

111.1%

7.1%

Canyon Point offers spectacular views from Golden’s sunrises and sunsets, the Table Mountains, Lookout Mountain, and the surrounding Golden foothills.

22.2%

The highest price in Eagle Ridge increased

by 22.2% January through September 2021 compared to that of 2020.

EAGLE RIDGE

January through September

2021

CANYON POINT

January through September

2020

CANDELAS

January through September

FIELDSTONE VILLAGE OF FIVE PARKS

January through September

Fieldstone is a suburban neighborhood in the town of Arvada with close access to the shops of Olde Town Arvada.

23.5%

2020

2021

% Change

$685,800

$1,008,375

47.0%

$275

$371

35.2%

34

2

-94.1%

$750,000

$1,087,500

45.0%

10

4

-60.0%

% Sold Price to List Price

97.4%

110.3%

13.3%

January through September

2020

2021

% Change

$627,748

$752,036

19.8%

$243

$292

20.1%

25

8

-68.0%

$705,000

$871,000

23.5%

21

14

-33.3%

100.1%

104.1%

4.0%

2020

2021

% Change

$668,490

$783,337

17.2%

$404

$500

23.8%

27

11

-59.3%

$1,510,000

$2,220,000

47.0%

135

174

28.9%

99.1%

104.8%

5.8%

Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold

Average Price Average Price Per Square Foot Average Days on Market

The highest price in the Village of Five

Highest Price

Parks increased by 23.5% January

Properties Sold

through September 2021 compared to that of 2020.

% Sold Price to List Price

GOLDEN

January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % 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

Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % 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

% Change

$493,718

$594,080

20.3%

$326

$405

24.4%

14

5

-64.3%

$679,000

$790,000

16.3%

85

92

8.2%

99.9%

105.4%

5.4%

2020

2021

% Change

$628,294

$763,432

21.5%

$251

$315

25.4%

35

8

-77.1%

$870,000

$1,125,000

29.3%

84

74

-11.9%

98.2%

102.5%

4.4%

2020

2021

% Change

$946,411

$1,355,167

43.2%

$425

$653

53.4%

22

3

-86.4%

$1,250,000

$1,933,000

54.6%

9

6

-33.3%

97.7%

117.1%

19.8%

24.4% The average price per square foot in Green Mountain Village increased by 24.4% January through September 2021 compared to that of 2020.

86.4% The average days on market in Mesa

Meadows decreased by 86.4% January through September 2021 compared to that of 2020.

MESA MEADOWS

January through September

2021

LEYDEN ROCK

January through September

2020

GREEN MOUNTAIN VILLAGE

January through September

MESA VIEW ESTATES NORTH TABLE MOUNTAIN VILLAGE

OAK PARK

33.9% The highest price in Mesa View Estates increased by 33.9% January through September 2021 compared to that of 2020.

North Table Mountain Village, a subdivision in the town of Golden, is made up of about 140 single-family homes surrounded by plenty of parks. Nearby lies the picturesque Shiloh Farms Equestrian Center, perfect for horse enthusiasts.

89.4%

The average days on market in Oak Park decreased by 89.4% January through

September 2021 compared to that of 2020.

January through September

2020

2021

% Change

$862,785

$1,121,585

30.0%

$269

$342

27.1%

26

8

-69.2%

$1,270,000

$1,700,000

33.9%

17

17

-

% Sold Price to List Price

97.5%

101.9%

4.5%

January through September

2020

2021

% Change

$728,125

$817,964

12.3%

$313

$377

20.5%

9

20

122.2%

$835,000

$1,061,000

27.1%

12

7

-41.7%

100.7%

107.1%

6.3%

2020

2021

% Change

$555,750

$737,500

32.7%

$277

$335

21.0%

66

7

-89.4%

$700,000

$755,000

7.9%

6

2

-66.7%

97.9%

103.7%

5.9%

Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold

Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % 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

Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

January through September

Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

$710,000

$1,073,273

51.2%

$296

$348

17.7%

17

34

100.0%

$760,000

$1,453,140

91.2%

6

6

-

99.2%

100.7%

1.5%

2020

2021

% Change

$615,188

$796,389

29.5%

$274

$360

31.4%

14

4

-71.4%

$716,000

$892,500

24.7%

12

9

-25.0%

99.3%

107.3%

8.1%

2020

2021

% Change

$829,051

$1,017,663

22.8%

$347

$403

16.1%

41

18

-56.1%

$1,325,000

$1,854,000

39.9%

55

67

21.8%

97.8%

101.1%

3.4%

29.5%

The average price in Skyline Estates

increased by 29.5% January through September 2021 compared to that of 2020.

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

Average Price

2021

SKYLINE ESTATES

January through September

2020

RYAN RANCH

January through September

SPRING MESA SUNRISE RIDGE TABLE ROCK

A dream destination in west Arvada, Spring Mesa is a gorgeous neighborhood filled with luxury homes surrounded by 160 acres of open space, lakes, and trails.

January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

43.3% The highest price in Sunrise Ridge

January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price

increased by 43.3% January through

Properties Sold

September 2021 compared to that of 2020.

% Sold Price to List Price

January through September Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2020

2021

% Change

$864,364

$1,241,800

43.7%

$247

$374

51.2%

10

11

10.0%

$939,000

$1,415,000

50.7%

11

10

-9.1%

100.8%

99.0%

-1.8%

2020

2021

% Change

$712,938

$837,711

17.5%

$264

$326

23.7%

52

3

-94.2%

$765,000

$1,096,000

43.3%

8

5

-37.5%

97.5%

106.9%

9.6%

2020

2021

% Change

$893,000

$1,223,250

37.0%

$304

$367

20.8%

9

1

-88.9%

$1,007,500

$1,426,000

41.5%

4

8

100.0%

97.3%

100.7%

3.5%

Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % 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

Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

$773,675

-

-

$262

-

-

14

-

-

$810,000

-

-

5

No Sales

-

99.7%

-

-

2020

2021

% Change

$787,080

$740,000

-6.0%

$260

$317

22.0%

33

6

-81.8%

$954,900

$740,000

-22.5%

5

1

-80.0%

98.3%

107.3%

9.1%

2020

2021

% Change

$719,525

$897,156

24.7%

$289

$348

20.5%

14

6

-57.1%

$1,180,000

$1,600,000

35.6%

26

16

-38.5%

99.9%

104.9%

5.0%

81.8%

The average days on market in Trail Village decreased by 81.8% January through September 2021 compared to that of 2020.

WEST WOODS

January through September

2021

TRAIL VILLAGE

January through September

2020

TAMARISK

January through September

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.

MICROMARKET REPORT | West Metro JANUARY - SEPTEMBER 2021 • COLORADOMICROREPORTS.COM