MARKET UPDATE West Metro

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.

2022 is now over and what a year it was. In the last half of 2022, the real estate market showed strong signs of normalizing after the 2021 COVID-driven boom. The first half of the year saw incredibly high buyer demand, and it similar to the 2021 market. The market started to shift when mortgage interest rates started to rise. This was intended to tamp down buyer demand, but because of limited inventory in Jefferson County—which saw a 9.7% decrease in new listings in 2022 as compared to 2021—they still managed to have historically high appreciation averaging 12.0% for the average price of detached homes.

We recognize each neighborhood is unique and no two regions respond to market shifts the same way. To aid in presenting an accurate picture of each of the areas that make up West Metro, LIV Sotheby’s International Realty is proud to present our year-end Micro Market Report, representing the metrics of many key and beloved neighborhoods.

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.

Average Sales Price (All Properties)

Jefferson County