Foothills Year End, 2016 Micro Market Report

LIV

MICRO MARKET REPORTS

FOOTHILLS | 2016

32621 Mount Valentine Drive, Evergreen

C O LO R A D O M I C R O R E P O RTS .C O M

FOOTHILLS NEIGHBORHOODS

18

19 14

1 7

6

20

8

9 13

2

15 3

10 5

16 17

4 11 12

1. Soda Creek

8. Hiwan Country Club

15. Bear Mountain

2. Upper Bear Creek

9. Tanoa

16. Evergreen Highlands

3. Hangen Ranch

10. Evergreen Valley Estates

17. Evergreen Meadows

4. Shadow Mountain

11. Evergreen Meadows West

18. Lookout Mountain

5. Brook Forest

12. Conifer Mountain

19. Mt. Vernon Country Club

6. Genesee

13. Hiwan Hills

20. Riva Chase

7. Ridge at Hiwan

14. Spring Ranch

MICROMARKET REPORT | FOOTHILLS 2016 | 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.

FOOTHILLS AREA The Foothills Area Micro Market Report (MMR), prepared by LIV Sotheby’s International Realty, compares 2016 statistics (January through December), to that of 2015, for single family homes and attached dwellings.

The Foothills of Denver metro and its surrounding areas are located in western Jefferson County and include higher terrain areas between 6,000 and 9,000 feet west of Denver that parallel the Front Range Mountains. The foothills are consistently rated as some of the best places to live, work, and raise a family in Colorado, and provide much closer proximity to weekend getaways in the mountains. The foothills stretch from Roxborough State Park, north, to the west side of Fort Collins. Cities and towns in the foothills region included in this report include Evergreen, Genesee and Conifer.

Highlights from the Foothills area include Hangen Ranch’s average price rising to $678,000, up 14.3% since 2015. Soda Creeks’ average price also rose 11.7% to $1,231,146 over 2015, and Evergreen Meadows’s average price rose, 10.9%, to $580,295, over 2015. Lookout Mountain’s average price rose slightly, up 2.9% to $680,826 over 2015.

A continued strong demand in the Foothills is projected as the result of the many positive economic variables that living in the Colorado Foothills affords.

2016 Highlights: • Hangen Ranch’s average price is $678,000 14.3%

• Lookout Mountain’s average price is $680,826 2.9%

• Evergreen Meadows’s average price is $580,295 10.9%

• Soda Creeks’s average price is $1,231,146 11.7%

MICROMARKET REPORT | FOOTHILLS 2016 | 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.

FOOTHILLS MARKET | MARKETS BY AREA

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

2015

2016

% Change

$654,028

$791,133

21.0%

$225

$236

4.8%

99

40

-59.6%

$1,349,250

$1,057,000

-21.7%

9

6

-33.3%

88.7%

96.1%

8.3%

2015

2016

% Change

$351,080

$353,515

0.7%

$226

$278

23.1%

25

21

-16.0%

$557,000

$485,000

-12.9%

35

27

-22.9%

97.6%

97.9%

0.3%

2015

2016

% Change

$486,025

$510,506

5.0%

$228

$246

8.1%

71

40

-43.7%

$1,100,000

$862,500

-21.6%

29

31

6.9%

96.6%

97.8%

1.2%

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

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

MICROMARKET REPORT | FOOTHILLS 2016 | 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.

FOOTHILLS MARKET | MARKETS BY AREA

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

2015

2016

% Change

$555,833

$589,600

6.1%

$220

$241

9.6%

47

42

-10.6%

$732,500

$715,000

-2.4%

9

8

-11.1%

95.7%

95.6%

-0.1%

2015

2016

% Change

$523,197

$580,295

10.9%

$225

$224

-0.3%

44

33

-25.0%

$874,000

$890,000

1.8%

30

33

10.0%

98.5%

96.7%

-1.8%

2015

2016

% Change

$454,900

$507,424

11.5%

$208

$208

0.2%

60

72

20.0%

$632,000

$1,231,400

94.8%

18

17

-5.6%

98.2%

97.1%

-1.1%

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

EVERGREEN MEADOWS WEST January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | FOOTHILLS 2016 | 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.

FOOTHILLS MARKET | MARKETS BY AREA

EVERGREEN PARK ESTATES January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2015

2016

% Change

$395,167

$540,521

36.8%

$266

$282

6.2%

16

46

187.5%

$469,000

$1,000,000

113.2%

6

14

133.3%

101.2%

96.2%

-4.9%

2015

2016

% Change

$789,636

$747,913

-5.3%

$294

$290

-1.5%

65

70

7.7%

$1,895,900

$1,675,000

-11.7%

53

56

5.7%

94.9%

96.1%

1.2%

2015

2016

% Change

$593,050

$678,000

14.3%

$226

$271

20.1%

90

87

-3.3%

$792,250

$880,000

11.1%

5

5

0.0%

98.2%

93.4%

-4.9%

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

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

MICROMARKET REPORT | FOOTHILLS 2016 | 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.

FOOTHILLS MARKET | MARKETS BY AREA

HIWAN COUNTRY CLUB January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2015

2016

% Change

$720,646

$725,286

0.6%

$245

$291

18.9%

69

40

-42.0%

$1,187,500

$1,275,000

7.4%

19

25

31.6%

95.9%

97.1%

1.3%

2015

2016

% Change

$531,591

$509,443

-4.2%

$258

$283

9.6%

32

17

-46.9%

$840,000

$872,000

3.8%

22

24

9.1%

99.4%

99.2%

-0.2%

2015

2016

% Change

$661,579

$680,826

2.9%

$288

$289

0.5%

89

52

-41.6%

$1,200,000

$980,000

-18.3%

21

19

-9.5%

94.7%

96.4%

1.8%

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

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

MICROMARKET REPORT | FOOTHILLS 2016 | 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.

FOOTHILLS MARKET | MARKETS BY AREA

MT. VERNON COUNTRY CLUB January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2015

2016

% Change

$372,000

$614,625

65.2%

$248

$260

5.0%

23

39

69.6%

$372,000

$681,000

83.1%

1

4

300.0%

93.0%

91.4%

-1.7%

2015

2016

% Change

$960,285

$934,250

-2.7%

$252

$297

17.8%

126

68

-46.0%

$3,350,000

$1,800,000

-46.3%

29

24

-17.2%

95.1%

96.2%

1.2%

2015

2016

% Change

$864,828

$869,167

0.5%

$265

$257

-2.9%

65

116

78.5%

$1,525,000

$1,100,000

-27.9%

9

12

33.3%

96.8%

95.5%

-1.4%

RIDGE AT HIWAN January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

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

MICROMARKET REPORT | FOOTHILLS 2016 | 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.

FOOTHILLS MARKET | MARKETS BY AREA

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

2015

2016

% Change

$418,971

$389,836

-7.0%

$246

$221

-10.1%

7

36

414.3%

$640,000

$692,500

8.2%

8

18

125.0%

100.7%

93.6%

-7.1%

2015

2016

% Change

$1,102,561

$1,231,146

11.7%

$310

$302

-2.4%

131

95

-27.5%

$2,645,000

$2,913,550

10.2%

18

14

-22.2%

92.3%

90.3%

-2.1%

2015

2016

% Change

$1,237,500

$1,107,000

-10.5%

$379

$316

-16.6%

43

72

67.4%

$1,350,000

$1,290,000

-4.4%

2

4

100.0%

95.3%

93.0%

-2.5%

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

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

MICROMARKET REPORT | FOOTHILLS 2016 | 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.

FOOTHILLS MARKET | MARKETS BY AREA

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

2015

2016

% Change

$668,000

$779,400

16.7%

$240

$235

-2.1%

63

43

-31.7%

$880,000

$1,135,000

29.0%

5

5

0.0%

97.4%

96.0%

-1.4%

2015

2016

% Change

$1,158,333

$714,800

-38.3%

$408

$280

-31.3%

187

88

-52.9%

$2,625,000

$930,000

-64.6%

6

5

-16.7%

90.7%

94.0%

3.7%

UPPER BEAR CREEK January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

MICROMARKET REPORT | FOOTHILLS 2016 | 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.

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