West Metro Market Reports | Year End 2021

YEAR-END 2021

Micro Market Report WEST METRO

6729 Bear Point Way

21384 Gold Ruch Place

West Metro MARKET UPDATE

Denver’s West Metro community, encompassing the peaceful neighborhoods and up-and-coming communities within Lakewood, Wheat Ridge, Golden, Arvada and more, is a scenic and exciting place to call home. With plenty of outdoor adventures, easy access to downtown Denver, and neighborhoods filled with character and our state’s history, West Metro is a great option for anyone who wants to live near the best that Colorado has to offer but with the added bonus of more space and affordability than urban or mountain living can provide.

LIV Sotheby’s International Realty produces a Micro Market Report focused on the West Metro market and its performance during 2021 compared to 2020. Last year, the total dollar volume sold in Jefferson County reached $7,259,130,844 – a 17.22% increase from 2020. This increase in sales volume is the result of the appreciation of average home prices combined with a strengthening demand for homes in the area. Over the course of 2021, the average price for all property types rose by 18.9% to reach $620,545.

Similar data trends have been observed in several neighborhoods within Jefferson County’s West Metro community. Canyon Point, an area just north of Golden with stunning views of the Foothills, saw average property prices rise from $828,188 in 2020 to $1,322,000 last year – an impressive 59.6% increase. In the City of Golden, home prices appreciated by 13.0% to reach an average price of $792,017. The only neighborhood in which home prices did not rise in 2021 was Trail Village. Here, home prices dipped slightly by just 2.9% which brought the average property price to $740,000.

In addition to price increases, many West Metro communities saw an increase in the number of homes sold during 2021. For example, Eagle Ridge property sales rose by 66.6%, growing from six sales during 2020 to 10 sales in 2021. The City of Golden also saw impressive increases in the number of homes sold. Here, there were 222 homes sold in 2021 – a 12.6% increase from 2020. The increase in

sold properties within the Table Rock area is also worth noting.

This neighborhood saw a 50% increase in home sales, growing to a total of nine homes sold last year.

Due to the demand for homes in this beloved Colorado community, many neighborhoods within West Metro saw a sharp decrease in the average days that homes spent on the market in 2021. Homes listed for sale in Arvada remained on the market for just 11 days in 2021 – a 45% decrease from 2020 when the average days on market was 20 days. Buyers looking for a slightly slower market pace may find luck in the North Table Mountain neighborhood, where the average days on market for homes is 19 days – the longest average days on market in West Metro.

With sweeping views of the Front Range, tight-knit communities, and access to scenic natural spaces, West Metro offers homebuyers and sellers with unique opportunities to reach their real estate and lifestyle goals in Colorado.

WEST METRO January through December

2020

2021

% Change

New Listings

12,603

12,350

-2.0%

Sold Listings (All Properties)

11,870

11,698

-1.4%

Average Price (All Properties)

$521,731

$620,545

18.9%

Average Price (Single Family)

$588,843

$705,523

19.8%

22

12

-45.5%

100.0%

102.5%

2.5%

Average Days on Market % Sold Price to Original List Price

Counties: Jefferson

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

MICRO MARKET REPORT | West Metro livsothebysrealty.com

JANUARY - DECEMBER 2021 • COLORADOMICROREPORTS.COM

ARVADA

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

January through December

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

103%

The highest price in Arvada increased by 103% in 2021 compared to that of 2020.

January through December 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

$715,746

$856,873

19.7%

$382

$453

18.6%

21

13

-38.1%

$3,275,000

$2,700,000

-17.6%

140

144

2.9%

99.3%

102.1%

2.8%

2020

2021

% Change

$502,731

$579,637

15.3%

$304

$362

19.0%

20

11

-45.0%

$1,490,000

$3,025,000

103.0%

3,072

3,024

-1.6%

130.6%

136.5%

4.5%

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

$656,523

$787,054

19.9%

$241

$294

21.9%

43

12

-72.1%

$1,490,000

$1,350,000

-9.4%

161

117

-27.3%

99.5%

101.8%

2.3%

2020

2021

% Change

$828,188

$1,322,000

59.6%

$372

$487

31.0%

11

9

-18.2%

$915,000

$1,655,000

80.9%

8

9

12.5%

101.3%

114.7%

13.3%

2020

2021

% Change

$974,833

$1,056,500

8.4%

$371

$451

21.5%

3

4

33.3%

$1,260,000

$1,540,000

22.2%

6

10

66.7%

103.1%

111.3%

7.9%

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

66.7%

The number of properties sold in Eagle

Ridge increased by 66.7% in 2021 compared to that of 2020.

EAGLE RIDGE

January through December

2021

CANYON POINT

January through December

2020

CANDELAS

January through December

FIELDSTONE VILLAGE OF FIVE PARKS

January through December

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

59.1%

2020

2021

% Change

$681,917

$929,429

36.3%

$279

$363

30.1%

28

9

-67.9%

$750,000

$1,087,500

45.0%

12

7

-41.7%

% Sold Price to List Price

97.9%

103.9%

6.0%

January through December

2020

2021

% Change

$638,248

$755,457

18.4%

$247

$300

21.3%

22

9

-59.1%

$810,000

$871,000

7.5%

27

17

-37.0%

100.5%

103.1%

2.6%

2020

2021

% Change

$700,828

$792,017

13.0%

$414

$521

25.7%

23

11

-52.2%

$2,150,000

$2,220,000

3.3%

197

222

12.7%

99.5%

104.4%

4.9%

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

The average days on market in the

Highest Price

Village of Five Parks decreased by

Properties Sold

59.1% in 2021 compared to that of 2020.

% Sold Price to List Price

GOLDEN

January through December 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

$500,906

$607,964

21.4%

$331

$410

23.9%

12

6

-50.0%

$679,000

$885,000

30.3%

125

129

3.2%

100.2%

104.1%

3.9%

2020

2021

% Change

$629,944

$766,400

21.7%

$268

$318

18.6%

34

9

-73.5%

$965,000

$1,125,000

16.6%

126

92

-27.0%

98.6%

102.2%

3.7%

2020

2021

% Change

$960,141

$1,448,714

50.9%

$444

$699

57.5%

18

3

-83.3%

$1,330,000

$2,010,000

51.1%

12

7

-41.7%

99.0%

118.6%

19.7%

50.0% The average days on market in Green Mountain Village decreased by 50.0% in 2021 compared to that of 2020.

57.5%

The average price per square foot in

Mesa Meadows increased by 57.5% in 2021 compared to that of 2020.

MESA MEADOWS

January through December

2021

LEYDEN ROCK

January through December

2020

GREEN MOUNTAIN VILLAGE

January through December

MESA VIEW ESTATES NORTH TABLE MOUNTAIN VILLAGE

OAK PARK

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

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.

84.3%

The average days on market in Oak Park

decreased by 84.3% in 2021 compared to that of 2020.

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

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

2020

2021

% Change

$870,431

$1,113,650

27.9%

$267

$365

36.7%

25

12

-52.0%

$1,270,000

$1,700,000

33.9%

24

23

-4.2%

96.7%

102.0%

5.5%

2020

2021

% Change

$709,764

$811,969

14.4%

$304

$370

21.5%

20

19

-5.0%

$835,000

$1,061,000

27.1%

14

8

-42.9%

99.9%

107.4%

7.5%

2020

2021

% Change

$613,944

$698,136

13.7%

$313

$322

2.9%

51

8

-84.3%

$826,000

$755,000

-8.6%

9

4

-55.6%

99.3%

102.4%

3.2%

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 December

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

% Change

$722,843

$1,003,583

38.8%

$298

$327

9.7%

19

9

-52.6%

$799,900

$1,350,000

68.8%

7

6

-14.3%

98.9%

100.5%

1.6%

2020

2021

% Change

$632,953

$793,250

25.3%

$257

$363

41.2%

11

4

-63.6%

$805,000

$892,500

10.9%

16

10

-37.5%

100.3%

106.6%

6.3%

2020

2021

% Change

$830,758

$1,004,660

20.9%

$347

$407

17.5%

45

16

-64.4%

$1,325,000

$1,854,000

39.9%

93

87

-6.5%

97.5%

101.4%

4.0%

41.2%

The average price per square foot in

Skyline Estates increased by 41.2% in 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 December

2020

RYAN RANCH

January through December

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

90.0% The average days on market in Sunrise

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

Ridge decreased by 90.0% in 2021

Properties Sold

compared to that of 2020.

% Sold Price to List Price

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

2020

2021

% Change

$923,312

$1,234,818

33.7%

$284

$387

36.0%

8

11

37.5%

$1,275,000

$1,415,000

11.0%

16

11

-31.3%

100.2%

98.8%

-1.4%

2020

2021

% Change

$723,573

$851,426

17.7%

$266

$340

27.5%

30

3

-90.0%

$882,800

$1,096,000

24.2%

11

6

-45.5%

100.1%

106.3%

6.2%

2020

2021

% Change

$909,692

$1,259,000

38.4%

$307

$380

24.0%

7

1

-85.7%

$1,007,500

$1,545,000

53.3%

6

9

50.0%

98.6%

101.0%

2.4%

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

$1,094,000

41.4%

$262

$345

31.4%

14

7

-50.0%

$810,000

$1,249,000

54.2%

5

3

-40.0%

99.7%

99.7%

-0.1%

2020

2021

% Change

$762,567

$740,000

-3.0%

$259

$317

22.5%

28

6

-78.6%

$954,900

$740,000

-22.5%

6

1

-83.3%

98.6%

107.3%

8.8%

2020

2021

% Change

$719,103

$972,015

35.2%

$293

$361

23.2%

15

6

-60.0%

$1,185,000

$2,280,000

92.4%

44

21

-52.3%

101.0%

104.7%

3.7%

78.6% The average days on market in Trail

Village decreased by 78.6% in 2021 compared to that of 2020.

WEST WOODS

January through December

2021

TRAIL VILLAGE

January through December

2020

TAMARISK

January through December

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 - DECEMBER 2021 • COLORADOMICROREPORTS.COM