Denver Metro Micro Market Report | Quarter 1 2021

Page 1

Q1 2021

Micro Market Report DENVER METRO

2821 E Cedar Avenue, Unit# 3

670 N Marion Street


Denver Metro MARKET UPDATE

After an eventful year with many challenges, Denver Metro’s real estate market is starting off 2021 on a positive note with plenty of buying and selling activity. Colorado’s capitol city and its surrounding communities have quickly become one of the most popular destinations to purchase homes as a result of shifting consumer preferences. With the need for lifestyle-focused living and access to outdoor spaces still top-of-mind for many buyers, our state is a natural choice to plant roots. According to the Q1 Micro Market Report, produced by LIV Sotheby’s International Realty, which summarizes Denver Metro’s market performance through March of 2021 in comparison to the same time period in 2020, Denver has shown increased real estate activity in many areas. Although inventory levels in the six-county Denver Metro area remain low, decreasing by 11.8% compared to Q1 of 2020, the number of sold listings for all property types rose by 3.4%. Attached housing, such as condominiums, townhomes, and duplexes, outperformed single family homes through March of this year compared to the same time frame last year. There was a 12.1% increase in the number of sold attached residences whereas single family home sales dipped by 0.7%. Average sold prices for both property types rose due to elevated demand for Denver Metro homes. Through Q1 of this year, the average price of an attached residence increased by 10.4%, reaching $403,128, and the average price for a single family home increased by 19.1% reaching $640,647. Overall, the total dollar volume sold in Denver Metro through March of this year was $6,748,398117 – an impressive 19.5% increase from the same time period in 2020. Looking at some prominent Denver Metro neighborhoods, several areas proved to be very popular with buyers and showed increases in the number of listings sold during the first quarter of the year. LoHi, a neighborhood beloved for its restaurant scene and nearness to the city, experienced a remarkable 97.7% rise in home sales, growing from 43 listings sold through March of 2020 to 85 listings sold through the same month this year. While less listings were sold in total, the RiNo district saw tremendous growth in its

market. Here, listings sold rose from 11 homes sold to 24 homes sold – a 118.2% difference. Many other neighborhoods saw home prices climb due to the heightened levels of demand and fewer amount of homes on the market. Sloan’s Lake, a community just west of downtown Denver, experienced a 39.4% increase, bringing the average price for a home to $988,574. In Cherry Creek North average prices also appreciated, rising 34.4% from $1,078,655 in Q1 of 2020 to $1,449,854 through Q1 of 2021. Further illustrating the level of demand and competition for homes in Denver Metro, many neighborhoods saw dips in the time listings spent on the market. For example, the Southglenn community showed a 66.7% decrease in average days on market, from 21 days in Q1 of 2020 to just seven days during Q1 of this year. Downtown Denver’s condominium market also picked up the pace with listings dropping from an average of 71 days on market to 61 days on market through March of 2021. With bountiful opportunities to experience the best of cityliving and the great outdoors, Denver Metro is sure to be a hot home market yet again this year.

DENVER METRO January through March

2020

2021

% Change

New Listings

16,122

14,218

-11.8%

Sold Listings (All Properties)

11,686

12,079

3.4%

Sold Single Family

7,968

7,911

-0.7%

Sold Attached

3,718

4,168

12.1%

36

22

-38.9%

Average Sold Price (Single Family)

$538,059

$640,647

19.1%

Average Sold Price (Attached)

$365,201

$403,128

10.4%

99.3%

101.3%

2.0%

$5,645,073,213

$6,748,398,117

19.5%

Average Days on Market

% Sold Price to Original List Price Total Dollar Volume Sold

Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson Attached Dwellings Include: Condos, Townhomes, and Duplexes

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


DENVER METRO NEIGHBORHOODS

1.

Baker

14. Columbine Valley

27. Hilltop

40. RiNo

2.

Belmar

15. Congress Park

28. Homestead

41. Saddle Rock Golf Club

3.

Berkeley

16. Cory-Merrill

29. Jefferson Park

42. Sloan’s Lake

4.

Bonnie Brae/Belcaro

17. Country Club

30. Ken Caryl North Ranch

43. Southern Hills

5.

Bow Mar/Bow Mar South

18. Crestmoor

31. Ken Caryl Valley

44. Southglenn

6.

Capitol Hill

19. Denver (City)

32. Lakewood

45. Southmoor Park

7.

Central Park

20. Downtown

33. LoHi

46. Sunnyside

8.

Cheesman

21. Golden Triangle

34. Lowry

47. Tallyn’s Reach

9.

Cherry Creek North

22. Greenwood Village East

35. Montclair

48. Uptown

10. Cherry Creek South/East

23. Greenwood Village West

36. Observatory Park

49. Washington Park East

11. Cherry Hills Village

24. Hale Mayfair

37. Park Hill

50. Washington Park West

12. City Park

25. Heritage Greens

38. Platt Park

51. West Highlands

13. City Park South

26. Highlands

39. Polo Reserve

46 3 26

51

40

33

7 12

42

29

37 13

20 48 21

19

8

6

24

35

15 17

27

14

34

1 38

10 2 50 32 18

49 4

16

36

43

45 11 5 44 22

9 24

28

30 39 31

25

47 41

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - MARCH 2021 • COLORADOMICROREPORTS.COM


DENVER CITY

16.2%

The number of properties sold in the city

January through March Average Price Average Price per Square Foot Average Days on Market Highest Price

of Denver increased by 16.2% January

Properties Sold

through March 2021 compared to that of

% Sold Price to List Price

2020

2021

% Change

$521,997

$613,225

17.5%

$372

$419

12.5%

37

30

-18.9%

$4,625,000

$6,075,000

31.4%

3,028

3,520

16.2%

98.07%

100.7%

2.7%

2020.

Boundaries: City of Denver

January through March

BAKER

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

2020

2021

% Change

$538,256

$535,125

-0.6%

$408

$434

6.5%

21

52

147.6%

$752,500

$750,000

-0.3%

36

22

-38.9%

99.4%

99.8%

0.4%

BELMAR

Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway

13.6%

The average price in the neighborhood

of Belmar increased by 13.6% January through March 2021 compared to that of 2020.

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

2020

2021

% Change

$403,756

$458,686

13.6%

$303

$319

5.3%

52

43

-17.3%

$520,000

$457,070

-12.1%

9

7

-22.2%

96.7%

98.9%

2.4%

Boundaries: Kentucky to Alameda; Wadsworth to Pierce


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

2020

2021

% Change

$679,682

$792,741

16.6%

$510

$606

18.8%

42

13

-69.0%

$1,515,000

$1,435,000

-5.3%

42

32

-23.8%

97.1%

105.8%

8.9%

Boundaries: W 38th Ave to I-70; Sheridan to Federal

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

2020

2021

% Change

$973,562

$1,698,252

74.4%

$559

$627

12.1%

55

36

-34.5%

$1,775,000

$4,895,000

175.8%

13

22

69.2%

94.5%

100.6%

6.5%

The average days on market in the neighborhood

of

Berkeley

decreased

by 69.0% January through March 2021 compared to that of 2020.

BONNIE BRAE/BELCARO

January through March

69.0%

Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado

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

2020

2021

% Change

$1,863,750

$5,400,000

189.7%

$528

$679

28.4%

44

0

-100.0%

$2,285,000

$5,400,000

136.3%

4

1

-75.0%

96.2%

100.0%

4.0%

Boundaries: West Quincy Avenue to West Bowles Avenue

136.3% The highest price in the neighborhood of Bow Mar/Bow Mar South increased by 136.3% January through March 2021 compared to that of 2020.

BOW MAR/BOW MAR SOUTH

January through March

BERKELEY

January through March


CAPITOL HILL

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

2020

2021

% Change

$368,565

$374,906

1.7%

$370

$386

4.2%

37

40

8.1%

$1,030,000

$1,655,000

60.7%

86

117

36.0%

97.7%

97.2%

-0.5%

Boundaries: Broadway to Downing; 6 Avenue to Colfax

CHEESMAN PARK

CENTRAL PARK

th

60.6% The average days on market in the neighborhood of Central Park decreased by 60.6% January through March 2021 compared to that of 2020.

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

2020

2021

% Change

$738,198

$780,248

5.7%

$325

$352

8.2%

33

13

-60.6%

$1,290,000

$1,390,000

7.8%

73

75

2.7%

98.8%

101.6%

2.8%

Boundaries: Quebec to Havana; Montview to 64th

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

2020

2021

% Change

$447,719

$580,425

29.6%

$384

$413

7.6%

58

77

32.8%

$1,157,375

$4,900,000

323.4%

31

51

64.5%

96.1%

96.6%

0.4%

Boundaries: York to Downing; Colfax to 8th Avenue


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

36.7%

2020

2021

% Change

$914,164

$673,521

-26.3%

$419

$428

2.3%

42

65

54.8%

$3,850,000

$1,400,000

-63.6%

30

41

36.7%

of Cherry Creek East/South increased

97.0%

97.0%

0.1%

by 36.7% January through March 2021.

The number of properties sold in the area

Boundaries: University to Colorado; Alameda to 1 Avenue st

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

2020

2021

% Change

$1,078,655

$1,449,854

34.4%

$586

$661

12.8%

71

70

-1.4%

$1,800,000

$3,360,000

86.7%

33

41

24.2%

95.7%

94.6%

-1.2%

CHERRY CREEK NORTH

January through March

Boundaries: York to Colorado; 1st Avenue to 6th Avenue

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

35.4%

2020

2021

% Change

$1,721,750

$2,138,125

24.2%

$483

$655

35.4%

39

73

87.2%

$2,650,000

$3,210,000

21.1%

The average price per square foot in

8

4

-50.0%

Cherry Hills Village increased by 35.4%

93.6%

92.2%

-1.6%

(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou

January through March 2021 compared to that of 2020.

CHERRY HILLS VILLAGE

January through March

CHERRY CREEK EAST /SOUTH

January through March


CHERRY HILLS VILLAGE CITY PARK

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

2021

% Change

$3,198,917

$4,803,333

50.2%

$533

$679

27.4%

52

81

55.8%

$6,620,000

$7,850,000

18.6%

12

9

-25.0%

95.8%

93.3%

-2.6%

(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou

42.8% The highest price in the neighborhood

January through March Average Price Average Price per Square Foot Average Days on Market Highest Price

of City Park increased by 42.8% January

Properties Sold

through March 2021 compared to that of

% Sold Price to List Price

2020.

CITY PARK SOUTH

2020

56.6% The average price in the neighborhood of City Park South increased by 56.6% January through March 2021 compared to that of 2020.

2020

2021

% Change

$617,047

$864,755

40.1%

$390

$474

21.5%

40

45

12.5%

$950,000

$1,356,215

42.8%

16

27

68.8%

100.6%

102.7%

2.0%

Boundaries: Downing to York; 18th to Martin Luther King

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

2020

2021

% Change

$616,050

$965,000

56.6%

$573

$458

-20.2%

6

76

1,166.7%

$700,000

$1,050,000

50.0%

5

2

-60.0%

100.0%

97.4%

-2.6%

Boundaries: York to Colorado; Colfax to 17th


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

2020

2021

% Change

$1,403,984

$1,703,000

21.3%

$462

$426

-7.8%

117

89

-23.9%

23.9%

$2,265,000

$3,500,000

54.5%

The average days on market in the

6

5

-16.7%

neighborhood

97.6%

94.4%

-3.3%

of

Columbine

Valley

decreased by 23.9% January through March 2021 compared to that of 2020.

Boundaries: South Polo Ridge Drive to West Bowles; Platte Canyon Road to South Platte River

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

2021

% Change

$680,033

$559,749

-17.7%

$459

$470

2.3%

32

26

-18.8%

$1,500,000

$1,235,000

-17.7%

34

37

8.8%

the neighborhood of Congress Park

97.5%

99.8%

2.4%

increased by 8.8% January through

Boundaries: York to Colorado; 6th Avenue to Colfax

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

2020

2021

% Change

$820,537

$1,170,532

42.7%

$481

$545

13.4%

73

26

-64.4%

$1,730,000

$1,920,000

11.0%

20

27

35.0%

94.5%

102.0%

7.9%

Boundaries: South University Blvd to South Colorado Blvd; 1-25 to East Mississippi Ave

The number of properties sold in

March 2021 compared to that of 2020.

CORY-MERRILL

January through March

8.8%

2020

CONGRESS PARK

January through March

COLUMBINE VALLEY

January through March


COUNTRY CLUB

January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold

2020

2021

% Change

$3,095,000

$3,601,017

16.3%

$545

$789

44.9%

37

73

97.3%

$4,625,000

$6,075,000

31.4%

4

8

100.0%

100.1%

13.9%

87.9%

% Sold Price to List Price

Boundaries: University to Downing 1 - 4 ; Race to University 4th - 6th

DOWNTOWN

CRESTMOOR PARK

st

4.8%

January through March Average Price Average Price per Square Foot Average Days on Market

The average price per square foot in

Highest Price

the neighborhood of Crestmoor Park

Properties Sold

increased by 4.8% January through March 2021 compared to that of 2020.

% Sold Price to List Price

th

2020

2021

% Change

$1,592,833

$1,299,667

-18.4%

$538

$564

4.8%

9

15

66.7%

$2,400,000

$1,450,000

-39.6%

6

3

-50.0%

99.7%

98.9%

-0.8%

Boundaries: Holly to Monaco; Bayaud to 6th Avenue

23.3% The average days on market in the neighborhood of Belmar decreased by 23.3% January through December 2020 compared to that of 2019.

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

2020

2021

% Change

$651,932

$727,257

11.6%

$523

$548

4.8%

71

63

-11.3%

$2,800,000

$5,147,600

83.8%

128

160

25.0%

96.0%

97.2%

1.2%

(Attached Dwellings) Boundaries: Downtown Denver MLS Area


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

2020

2021

% Change

$541,208

$574,412

6.1%

$391

$394

0.9%

46

65

41.3%

$1,117,678

$1,175,000

5.1%

10

17

70.0%

10.2%

98.2%

95.5%

-2.8%

Denver increased by 7.8% January through

Boundaries: North Speer Blvd to Broadway; Colfax to 7th

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

2021

% Change

$1,220,611

$1,638,722

34.3%

$335

$429

28.2%

78

45

-42.3%

$1,700,000

$2,230,000

31.2%

9

9

0.0%

of Greenwood Village East increased

92.9%

96.8%

4.2%

by 31.2% January through March 2021

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

The highest price in the neighborhood

compared to that of 2020.

13.3%

2020

2021

% Change

$1,398,714

$2,326,618

66.3%

$421

$533

26.8%

13

34

161.5%

$2,142,000

$3,445,000

60.8%

7

11

57.1%

The average days on market in the

96.1%

99.1%

3.1%

neighborhood of Belmar decreased by

(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25

23.3% January through December 2020 compared to that of 2019.

GREENWOOD VILLAGE WEST

Average Price

31.2%

2020

Boundaries: I-25 to Havana; Belleview to Orchard

January through March

December 2020 compared to that of 2019.

GREENWOOD VILLAGE EAST

January through March

The number of properties sold in the City of

GOLDEN TRIANGLE

January through March


GREENWOOD VILLAGE WEST

HALE MAYFAIR HERITAGE GREENS

7.8% The number of properties sold in the City of Denver increased by 7.8% January through

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

December 2020 compared to that of 2019.

73.9% The average days on market in the

January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold

by 73.9% January through March 2021

% Sold Price to List Price

compared to that of 2020.

The highest price in the neighborhood

% Change

$1,500,000

$1,774,500

18.3%

$489

$399

-18.5%

3

29

866.7%

$1,500,000

$1,850,000

23.3%

1

2

100.0%

100.0%

90.2%

-9.8%

2020

2021

% Change

$705,763

$846,658

20.0%

$494

$567

14.7%

23

6

-73.9%

$1,200,000

$1,395,000

16.3%

21

22

4.8%

100.4%

104.0%

3.6%

Boundaries: Colorado to Holly; 6th to Colfax

January through March Average Price Average Price per Square Foot Average Days on Market Highest Price

of Heritage Greens increased by 90.1%

Properties Sold

January through March 2021 compared

% Sold Price to List Price

to that of 2020.

2021

(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25

neighborhood of Hale Mayfair decreased

90.1%

2020

2020

2021

% Change

$701,500

$995,625

41.9%

$223

$339

52.1%

28

7

-75.0%

$768,000

$1,460,000

90.1%

2

8

300.0%

96.6%

101.6%

5.2%

Boundaries: Dry Creek to County Line; Colorado Blvd to Holly


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

2020

2021

% Change

$675,970

$754,301

11.6%

$486

$492

1.3%

40

26

-35.0%

62.3%

$1,695,000

$2,020,000

19.2%

The number of properties sold in the

61

99

62.3%

Highlands increased by 62.3% January

97.7%

99.9%

2.3%

through March 2021 compared to that of

HIGHLANDS

January through March

2020.

Boundaries: W 38th Avenue to Speer Blvd; S Platte River to Federal Blvd

January through March

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

2021

% Change

$1,595,202

$1,573,666

-1.4%

$519

$499

-3.9%

74

45

-39.2%

$2,650,000

$3,634,474

37.1%

15

24

60.0%

92.9%

96.0%

3.3%

HILLTOP

Average Price

2020

Boundaries: Alameda to 6th; Colorado to Holly

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

2020

2021

% Change

$553,806

$657,443

18.7%

$311

$360

15.7%

37

5

-86.5%

86.5%

$984,900

$1,000,000

1.5%

The average days on market in the

20

21

5.0%

100.2%

103.6%

3.4%

Boundaries: Colorado to Quebec; Arapahoe to Dry Creek

neighborhood of Homestead decreased by 86.5% January through March 2021 compared to that of 2020.

HOMESTEAD

January through March


JEFFERSON PARK KEN-CARYL NORTH RANCH KEN-CARYL VALLEY

7.8% The number of properties sold in the City of Denver increased by 7.8% January through December 2020 compared to that of 2019.

11.7% The average price per square foot in Ken-

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

% Change

$534,107

$590,018

10.5%

$419

$454

8.4%

57

45

-21.1%

$710,000

$1,100,000

54.9%

32

45

40.6%

99.5%

2.2%

97.3%

Boundaries: Federal Blvd to S Platte River; South of 29 Ave & Speer Blvd, North of Mile High Stadium

January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold

January through March 2021 compared

% Sold Price to List Price

2020

2021

% Change

$1,047,620

$1,335,000

27.4%

$288

$321

11.7%

29

18

-37.9%

$1,176,500

$1,420,000

20.7%

4

2

-50.0%

97.6%

97.5%

-0.1%

Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road

87.2% The average days on market in the neighborhood

2021

th

Caryl North Ranch increased by 11.7% to that of 2020.

2020

of

Ken-Caryl

Valley

decreased by 87.2% January through March 2021 compared to that of 2020.

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

2020

2021

% Change

$864,321

$786,083

-9.1%

$325

$322

-0.7%

39

5

-87.2%

$1,210,000

$1,250,000

3.3%

14

12

-14.3%

98.1%

100.4%

2.3%

Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Carly Ave


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

17.0%

2020

2021

% Change

$501,721

$586,998

17.0%

$323

$371

15.1%

32

16

-50.0%

$1,200,000

$1,525,000

27.1%

The average price in Lakewood increased

280

307

9.6%

by 17.0% January through March 2021

98.1%

103.3%

5.3%

compared to that of 2020.

LAKEWOOD

January through March

Boundaries: City of Lakewood

January through March Average Price

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

97.7%

2021

% Change

$705,436

$756,494

7.2%

$483

$491

1.8%

42

27

-35.7%

$1,230,000

$2,020,000

64.2%

The number of properties sold in LoHi

43

85

97.7%

increased by 97.7% January through

97.6%

100.1%

2.6%

LOHI

Average Price per Square Foot

2020

March 2021 compared to that of 2020.

Boundaries: W 38th Avenue to I-25; Speer Blvd to Zuni Street

January through March Average Price

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

13.3%

2021

% Change

$728,167

$923,333

26.8%

$357

$369

3.6%

11

26

136.4%

$900,000

$1,310,000

45.6%

6

12

100.0%

The average days on market in the

98.8%

99.8%

1.0%

neighborhood of Belmar decreased by

Boundaries: Quebec to Unita; Alameda to 11th

23.3% January through December 2020 compared to that of 2019.

LOWRY

Average Price per Square Foot

2020


MONTCLAIR

32.2%

January through March Average Price Average Price per Square Foot Average Days on Market

The highest price in the neighborhood of

Highest Price

Montclair increased by 32.2% January

Properties Sold

through March 2021 compared to that of 2020.

% Sold Price to List Price

2020

2021

% Change

$633,662

$850,889

34.3%

$460

$524

13.9%

32

22

-31.3%

$1,140,000

$1,507,000

32.2%

21

29

38.1%

99.0%

101.8%

2.8%

Boundaries: Holly to Quebec; 6 to Colfax

PARK HILL

OBSERVATORY PARK

th

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

2020

2021

% Change

$1,421,782

$1,776,760

25.0%

$506

$520

2.9%

50

56

12.0%

$2,870,000

$3,307,500

15.2%

17

23

35.3%

97.5%

96.4%

-1.1%

Boundaries: University to Colorado; Evans to Yale

18.2%

January through March Average Price Average Price per Square Foot Average Days on Market

The average price per square foot in Park

Highest Price

Hill increased by 18.2% January through

Properties Sold

March 2021 compared to that of 2020.

% Sold Price to List Price

2020

2021

% Change

$770,171

$885,679

15.0%

$465

$549

18.2%

35

14

-60.0%

$1,419,000

$1,750,000

23.3%

34

48

41.2%

99.6%

103.7%

4.1%

Boundaries: Colfax to 26th; Colorado to Quebec


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

2020

2021

% Change

$746,835

$1,056,596

41.5%

$570

$639

12.0%

36

16

-55.6%

$1,520,000

$1,965,000

29.3%

20

13

-35.0%

99.0%

101.6%

2.6%

Boundaries: Broadway to Downing; Louisiana to Evans

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

2020

2021

% Change

$1,400,000

$3,341,667

138.7%

$309

$388

25.6%

181

93

-48.6%

$1,400,000

$3,900,000

178.6%

1

3

200.0%

93.4%

89.6%

-4.0%

Boundaries: North of Mineral; South of Arabian Place; West of the S Platte River; East of S. Platte Canyon Road

January through March Average Price

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

Denver increased by 7.8% January through December 2020 compared to that of 2019.

48.6% The average days on market in the neighborhood of Polo Reserve decreased by 48.6% January through March 2021 compared to that of 2020.

118.2%

2020

2021

% Change

$563,573

$519,734

-7.8%

$418

$426

1.9%

44

46

4.5%

$850,000

$985,000

15.9%

11

24

118.2%

increased by 118.2% January through

98.8%

134.9%

36.6%

March 2021 compared to that of 2020.

Boundaries: I-25 to York St; South of I-70; North of Park Ave; East of Lawrence St to 40th Avenue

The number of properties sold in RiNo

RINO

Average Price per Square Foot

The number of properties sold in the City of

POLO RESERVE

January through March

10.2%

PLATT PARK

January through March


SLOAN’S LAKE

7.8% The number of properties sold in the City of Denver increased by 7.8% January through

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

SOUTHGLENN

SOUTHERN HILLS

December 2020 compared to that of 2019.

83.1% The highest price in the neighborhood

January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold

January through March 2021 compared

% Sold Price to List Price

to that of 2020.

The average days on market in the neighborhood of Southglenn decreased by 66.7% January through March 2021 compared to that of 2020.

2021

% Change

$708,923

$988,574

39.4%

$509

$625

22.8%

16

33

106.3%

$1,483,000

$2,150,000

45.0%

20

27

35.0%

98.8%

99.9%

1.1%

Boundaries:Colfax to 29th; Sheridan to Federal

of Southern Hills increased by 83.1%

66.7%

2020

2020

2021

% Change

$701,040

$1,071,224

52.8%

$454

$552

21.6%

12

5

-58.3%

$1,125,000

$2,060,000

83.1%

10

17

70.0%

100.2%

103.6%

3.4%

Boundaries: University to Colorado; Yale to Hampden

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

2020

2021

% Change

$497,743

$594,450

19.4%

$277

$301

8.9%

21

7

-66.7%

$555,500

$721,000

29.8%

14

10

-28.6%

100.4%

104.3%

3.9%

Boundaries:Colorado to University; Arapahoe to Dry Creek


2021

% Change

$525,512

$606,140

15.3%

$244

$274

12.0%

49

51

4.1%

15.3%

$735,000

$945,000

28.6%

The average price in the neighborhood

18

10

-44.4%

% Sold Price to List Price

96.6%

95.4%

-1.2%

January through March

2020

2021

% Change

$615,771

$673,179

9.3%

$465

$528

13.6%

22

13

-40.9%

$927,500

$1,330,000

43.4%

62

58

-6.5%

98.8%

102.3%

3.5%

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold

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

January through March 2021 compared to that of 2020.

SUNNYSIDE

Average Price

of Southmoor Park increased by 15.3%

SOUTHMOOR PARK

2020

January through March

Boundaries: Federal Blvd to Inca St; W 38th Ave to I-70

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

75.0%

2020

2021

% Change

$612,659

$661,882

8.0%

$227

$256

12.5%

52

13

-75.0%

$925,000

$910,000

-1.6%

29

28

-3.4%

Reach decreased by 75.0% January

97.5%

102.9%

5.5%

through March 2021 compared to that of

Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470

The average days on market in Tallyn’s

2020.

TALLYN’S REACH

January through March


UPTOWN

175.6% The highest price in Uptown increased

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

by 175.6% January through March 2021

Properties Sold

compared to that of 2020.

% Sold Price to List Price

2019

2020

% Change

$529,641

$566,598

7.0%

$399

$420

5.1%

58

50

-13.8%

$1,125,000

$3,100,000

175.6%

29

60

106.9%

96.3%

98.0%

1.8%

WASHINGTON PARK WEST

WASHINGTON PARK EAST

Boundaries:North of Colfax, East of Broadway, South of 20th, 20th & Park to 19th; West of Josephine

65.2%

January through December Average Price Average Price per Square Foot Average Days on Market

The number of properties sold in

Highest Price

Washington Park East increased by

Properties Sold

65.2% January through March 2021 compared to that of 2020.

23.3% The average days on market in the neighborhood of Belmar decreased by 23.3% January through December 2020 compared to that of 2019.

% Sold Price to List Price

2019

2020

% Change

$1,256,080

$1,507,224

20.0%

$612

$693

13.2%

42

45

7.1%

$3,150,000

$4,375,000

38.9%

23

38

65.2%

95.0%

97.6%

2.7%

Boundaries: Louisiana to Ellsworth, Downing to University

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

2019

2020

% Change

$820,481

$883,998

7.7%

$495

$546

10.4%

49

19

-61.2%

$1,447,000

$1,650,000

14.0%

26

45

73.1%

95.7%

102.0%

6.5%

Boundaries:Louisiana to Ellsworth; Broadway to Downing


Average Price Average Price per Square Foot

2019

2020

% Change

$660,159

$777,532

17.8%

$563

$560

-0.6%

21

17

-19.0%

17.8%

$1,300,000

$1,700,000

30.8%

The average price in the area of West

44

48

9.1%

Highlands increased by 17.8% January

98.8%

102.7%

4.0%

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

through March 2021 compared to that of 2020.

Boundaries: 38th Avenue; Federal to Sheridan

WHY COLORADO?

04 07 28 300 350+ NATIONAL PARKS

AVG DAYS OF SUNSHINE

MOUNTAIN RANGES

CRAFT BREWERIES

SKI AREAS & RESORTS

WEST HIGHLANDS

January through December


MICROMARKET REPORT | Denver Metro JANUARY - MARCH 2021 • COLORADOMICROREPORTS.COM