MICROMARKET REPORT |
West Metro • 2018
WEST METRO NEIGHBORHOODS
12
6 7 5
1
8
11
13 14
16
10 15 19
17 18
2 3 20 4
9
1. Canyon Point 2. Mesa Meadows 3. Golden Incorporated 4. Eagle Ridge 5. Table Rock 6. Spring Mesa 7. Trail Village 8. Fieldstone 9. Mesa View Estates 10. Sunrise Ridge 11. West Woods 12. Village of Five Parks 13. Candelas 14. Leyden Rock 15. Ryan Ranch 16. Alkire Estates 17. Oak Park 18. Skyline Estates 19. Gardens at Table Mountain 20. Applewood
Pictured on cover: 3950 Easley Road, Golden
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WEST METRO market update Located just west of Denver, the West Metro area offers a diversified geographic setting that includes urban and rural lifestyle opportunities and thriving communities including Lakewood, Arvada, and Golden. The added convenience of being located just minutes away from downtown Denver, in close proximity to abundant cultural, recreational and entertainment offerings, makes the region a popular place to live for families and professionals of all ages.
January-December 2017 Highlights:
The West metro area provides a diverse industry base, with employment opportunities in aerospace, aviation, bioscience, and energy, that draws a large labor pool of highly skilled workers to the area and contributes to West Metro being one of the largest population centers in the state. Evidence of the West Metro area’s thriving real estate market can be seen in LIV Sotheby’s International Realty’s year-end Micro Market Report, which compares 2017 January through December statistics, to that of 2016, for single family homes and attached dwellings. Evidence of West Metro’s micro market growth include statistics showing the West Wood neighborhood’s average price rising to $607,004, up 11.6% year-over-year from 2016. Five Parks’ average price rose to $541,150, up 5.9% from 2016. Trail Village’s average price rose to $641,067, a 5.7% increase year-over-year, and Skyline Estates’ average price rose to $535,681, up 4.7% year-over-year, from 2016.
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• Five Parks’ average price is $541,150
5.9%
• Skyline Estates’s average price is $535,681
4.7%
• Trail Village’s average price is $641,067
5.7%
• West Wood’s average price is $607,004
11.6%
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.
MICROMARKET REPORT | West Metro 2018 • COLORADOMICROREPORTS.COM
ALKIRE ESTATES January through December Average Price
2016
$870,000
4.3%
$230
$295
28.2%
74
80
8.1%
$882,000
$870,000
-1.4%
4
1
-75.0%
96.6%
95.1%
-1.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$833,750
Average Price per Square Foot
Highest Price
2017
APPLEWOOD January through December Average Price
2016
$563,257
5.6%
$273
$304
11.6%
38
30
-21.1%
$1,200,000
$1,760,000
46.7%
111
138
24.3%
97.1%
96.4%
-0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$533,308
Average Price per Square Foot
Highest Price
2017
5.6%
January through December 2017, the average price in the neighborhood of Applewood increased by 5.6% compared to that of 2016.
CANDELAS January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$542,843
$555,416
2.3%
$204
$209
2.5%
167
133
-20.4%
$1,114,932
$1,099,900
-1.3%
90
97
7.8%
97.8%
97.4%
-0.4%
coloradomicroreports.com
CANYON POINT January through December Average Price
Canyon Point is located just north of Golden near many restaurants and shops, and boasts sweeping views of Colorado’s foothills.
2016
$761,113
47.4%
$241
$287
19.3%
180
14
-92.2%
$516,500
$866,900
67.8%
1
8
700.0%
98.4%
99.7%
1.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$516,500
Average Price per Square Foot
Highest Price
2017
EAGLE RIDGE January through December Average Price
2016
$695,394
13.4%
$271
$286
5.3%
14
38
171.4%
$925,000
$947,940
2.5%
12
10
-16.7%
99.4%
98.8%
-0.6%
Average Days on Market
Properties Sold % Sold Price to List Price
9.2%
January through December 2017, the average price in the neighborhood of Fieldstone increased by 9.2% compared to that of 2016.
% Change
$613,147
Average Price per Square Foot
Highest Price
2017
FIELDSTONE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$603,700
$659,023
9.2%
$215
$214
-0.6%
28
13
-53.6%
$720,000
$753,203
4.6%
15
9
-40.0%
99.6%
99.6%
-0.1%
MICROMARKET REPORT | West Metro livsothebysrealty.com
2018 • COLORADOMICROREPORTS.COM
VILLAGE AT FIVE PARKS January through December Average Price
2016
$541,150
5.9%
$206
$213
3.7%
22
32
45.5%
$686,000
$710,000
3.5%
35
32
-8.6%
97.6%
98.2%
0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$511,191
Average Price per Square Foot
Highest Price
2017
5.9%
The average price in the neighborhood of The Village at Five Parks increased by 5.9% January through December 2017 compared to that of 2016.
GARDENS AT TABLE MOUNTAIN January through December Average Price
2016
$631,883
11.0%
$274
$257
-6.4%
297
133
-55.2%
$770,000
$861,498
11.9%
12
8
-33.3%
99.6%
97.8%
-1.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$569,334
Average Price per Square Foot
Highest Price
2017
GOLDEN INCORPORATED January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$534,562
$544,608
1.9%
$316
$330
4.3%
24
22
-8.3%
$1,350,000
$1,495,000
10.7%
168
163
-3.0%
99.8%
99.4%
-0.4%
Golden is conveniently located near I-70, offering quick access to both metro Denver and Colorado’s world-class ski resorts.
coloradomicroreports.com
LEYDEN ROCK January through December Average Price
2016
$544,608
1.9%
$316
$330
4.3%
24
22
-8.3%
$1,350,000
$1,495,000
10.7%
168
163
-3.0%
99.8%
99.4%
-0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
15.0%
January through December 2017, the average price per square foot in the neighborhood of Mesa Meadows increased by 15.0% compared to that of 2016.
% Change
$534,562
Average Price per Square Foot
Highest Price
2017
MESA MEADOWS January through December Average Price
2016
$749,771
-5.4%
$348
$400
15.0%
35
30
-14.3%
$1,079,000
$885,000
-18.0%
15
6
-60.0%
98.0%
96.2%
-1.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$792,793
Average Price per Square Foot
Highest Price
2017
MESA VIEW ESTATES January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$772,800
$669,852
-13.3%
$227
$242
6.6%
46
38
-17.4%
$1,284,000
$850,000
-33.8%
27
23
-14.8%
95.5%
97.6%
2.1%
MICROMARKET REPORT | West Metro livsothebysrealty.com
2018 • COLORADOMICROREPORTS.COM
OAK PARK January through December Average Price
2016
% Change
$464,156
$563,200
21.3%
$225
$248
10.2%
13
11
-15.4%
$590,000
$849,000
43.9%
9
5
-44.4%
95.3%
98.5%
3.3%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
RYAN RANCH January through December Average Price
2016
% Change
$627,000
$619,200
-1.2%
$193
$207
7.6%
32
99
209.4%
$660,000
$637,000
-3.5%
5
5
0.0%
99.1%
96.6%
-2.5%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
7.6%
The average price per square foot for the neighborhood of Ryan Ranch increased by 7.6% January through December 2017 compared to that of 2016.
SKYLINE ESTATES January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$511,458
$535,681
4.7%
$214
$226
5.9%
14
27
92.9%
$546,000
$575,000
5.3%
12
18
50.0%
99.1%
97.9%
-1.1%
coloradomicroreports.com
3.7%
January through December 2017, the average price in the neighborhood of Spring Mesa increased by 3.7% compared to that of 2016.
SPRING MESA January through December Average Price
2016
$802,792
3.7%
$240
$233
-2.8%
19
48
152.6%
$870,000
$930,000
6.9%
16
12
-25.0%
97.5%
97.4%
-0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$774,022
Average Price per Square Foot
Highest Price
2017
SUNRISE RIDGE January through December Average Price
2016
$585,075
1.1%
$193
$230
19.7%
44
20
-54.5%
$625,000
$712,000
13.9%
18
22
22.2%
96.9%
98.1%
1.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$578,471
Average Price per Square Foot
Highest Price
2017
TABLE ROCK January through December Average Price
Table Rock is a newly developed community, offering ranch-style and two-story residences at the base of Table Rock Mountain.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$693,945
$747,400
7.7%
$227
$265
16.8%
17
36
111.8%
$868,000
$880,000
1.4%
16
17
6.3%
97.7%
97.3%
-0.4%
MICROMARKET REPORT | West Metro livsothebysrealty.com
2018 • COLORADOMICROREPORTS.COM
TRAIL VILLAGE January through December Average Price
2016
% Change
$606,221
$641,067
5.7%
$220
$232
5.1%
9
28
211.1%
$900,000
$1,340,000
48.9%
5
7
40.0%
98.4%
97.1%
-1.3%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
WEST WOODS January through December Average Price
2016
% Change
$544,002
$607,004
11.6%
$227
$244
7.7%
24
29
20.8%
$969,000
$1,340,000
38.3%
75
84
12.0%
98.3%
98.5%
0.2%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
NUMBER OF DAYS OF SUNSHINE: 300
11.6%
January through December 2017, the average price in the neighborhood of West Woods increased by 11.6% compared to that of 2016.
NUMBER OF CRAFT BREWERIES IN GOLDEN: 7
DESIGNATED ACRES FOR PARKS IN ARVADA: 3,400
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WE ARE.
THE VOICE OF COLORADO REAL ESTATE
1662 Sand Lily Drive, Golden
15
930 69
21,000
1
Exceptional Brand
The life you love.
livsothebysrealty.com | coloradomicroreports.com 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.