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