__MAIN_TEXT__
feature-image

Page 1

MICROMARKET REPORT

DENVER METRO | YEAR END 2020


DENVER METRO NEIGHBORHOODS 1.

48

Ken Caryl Valley

7

2. Ken Caryl North Ranch

11

3. Lakewood

49

10

4. Belmar

44 34

6

47

35 33

14 15

5. Bow Mar/Bow Mar South

13

16

19

20

36

42

32

6. Sloan’s Lake

21

37

31

43

12

7. Berkeley

41

30 4

8. Polo Reserve

17 3

9. Columbine Valley

18

10. LoHi

22 23

29

28

11. Highlands 12. Baker

27

13. Golden Triangle 14. Downtown

50

15. Uptown

26

16. Denver (City)

5 25

17. Washington Park West

38

18. Platt Park

9

19. Capitol Hill

24

20. Cheesman

2

21. Country Club

1

39

8

45

40

46

22. Washington Park East Pictured on cover: 740 N Washington Street, Denver

23. Bonnie Brae/Belcaro 24. Southglenn 25. Greenwood Village West

32. Congress Park

39. Homestead

46. Saddle Rock Golf Club

26. Cherry Hills Village

33. City Park South

40. Heritage Greens

47. Jefferson Park

27. Southern Hills

34. City Park

41. Crestmoor

48. Sunnyside

28. Observatory Park

35. Park Hill

42. Montclair

49. RiNo

29. Cory-Merrill

36. Hale Mayfair

43. Lowry

50. Southmoor Park

30. Cherry Creek South/East

37. Hilltop

44. Central Park

31. Cherry Creek North

38. Greenwood Village East

45. Tallyn’s Reach

coloradomicroreports.com


DENVER METRO MARKET UPDATE Despite the pandemic, social unrest, and impactful political events, Denver’s reign as one of the most desirable cities in which to live continued. Attracting homebuyers with its urban setting, acres of pristine parks, and lush outdoor recreation areas, Denver Metro had another stand-out year for real estate. According to the year-end Micro Market Report, produced by LIV Sotheby’s International Realty, which summarizes Denver Metro’s market performance during 2020 in comparison to 2019, the Mile High City had a record year. While the city had a decline in inventory, dropping 2% from 2019 levels, bringing just 67,495 new listings onto the market last year, rising appreciation for available single family (+9.6%) and attached homes (+4%) paired with a boost in overall listings sold (+13.5%) contributed to the 22.4% increase in overall sales volume in 2020. Heightened demand for Denver Metro homes placed buyers in stiff competition due to a limited number of listings last year. These conditions accelerated the timeline for many buyers and sellers, decreasing the average days on market for Denver Metro homes by 21.9%, from 32 days in 2019 to 25 days in 2020. On a smaller scale, the City of Denver saw an increase in the number of properties sold last year, rising 7.8% from 14,308 listings sold in 2019 to 15,430 listings sold in 2020. The average sold price for homes in the area rose slightly by 1%, bringing the average sold price to $552,795. The highly sought-after neighborhoods of Cherry Creek South and East had the most notable appreciation of home values, rising 23.6% during 2020 compared to 2019. Several other neighborhoods experienced impressive increases in the number of listings sold, such as Greenwood Village West, Columbine Valley, and City Park South. Properties smaller than an acre in Greenwood Village West, an area beloved for its energetic blend of residential and commercial areas, had an 86.6% rise in homes sold, growing from 50 listings sold in 2019 to 93 listings sold last year. Listings sold in the Columbine Valley neighborhood rose by 69.6%, growing from 23 homes sold in 2019 to 39 homes sold last year. In City Park South, sales for properties increased by an impressive 81.8%. This particular neighborhood also led the region in the shortest time spent on the market.

DENVER METRO January through December

2019

2020

% Change

New Listings

68,845

67,495

-2.0%

Sold Listings (All Properties)

53,841

61,107

13.5%

Sold Single Family

37,932

43,029

13.4%

Sold Attached

15,909

18,078

13.6%

32

25

-21.9%

Average Price (Single Family)

$523,376

$573,588

9.6%

Averge Price (Attached)

$361,506

$375,830

4.0%

97.7%

100.0%

2.4%

$25,721,347,382

$31,475,901,769

22.4%

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

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. Although properties in City Park South spent the least amount of time on the market, averaging just 12 days, other areas experienced more significant decreases. For example, Sloan’s Lake, a community centered around the waterfront park by the same name, showed a 55.6% decrease in average days on market in 2020, from 45 days in 2019 to 20 days last year. Downtown Denver’s condominium market also picked up the pace with listings dropping from an average of 175 days on market to 56 days on market in 2020. Denver Metro’s access to the outdoors, stable job market, and highly ranked public schools all contribute to its continuing appeal for homebuyers, especially those looking for a more intentional and active lifestyle. The allure of living in the Mile High City remains strong and has kept us busy even during these tumultuous times.

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 | Denver Metro livsothebysrealty.com

JANUARY - DECEMBER 2020 • COLORADOMICROREPORTS.COM


DENVER (CITY)

7.8%

January through December

2019

2020

% Change

$547,555

$552,795

1.0%

360

$378

5.0%

31

27

-12.9%

$10,750,000.00

$4,625,000

-57.0%

Properties Sold

14,308

15,430

7.8%

% Sold Price to List Price

96.8%

97.5%

0.7%

Average Price Average Price per Square Foot Average Days on Market

The number of properties sold in the City of

Highest Price

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

Boundaries: City of Denver

BAKER 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

$513,353

$529,541

3.2%

$408

$425

4.2%

34

21

-38.2%

$1,020,000

$1,070,000

4.9%

144

160

11.1%

97.8%

99.4%

1.6%

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

23.3%

430 Delaware Street, Denver

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

The average days on market in the neighborhood

Highest Price

of Belmar decreased by 23.3% January through

Properties Sold

December 2020 compared to that of 2019.

% Sold Price to List Price

2019

2020

% Change

$454,893

$474,310

4.3%

$287

$295

2.6%

43

33

-23.3%

$1,100,000

$1,100,000

0.0%

56

57

1.8%

97.1%

97.8%

0.7%

Boundaries: Kentucky to Alameda; Wadsworth to Pierce

coloradomicroreports.com


) BERKELEY January through December Average Price

2019

2020

% Change

$638,662

$703,829

10.2%

$505

$518

2.5%

25

19

-24.0%

$1,375,000

$1,785,000

29.8%

169

193

14.2%

97.6%

99.9%

2.4%

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

10.2% The average price in the neighborhood of Berkeley increased by 10.2% January through December 2020 compared to that of 2019.

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

BONNIE BRAE/BELCARO 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

$1,250,598

$1,320,177

5.6%

$570

$580

1.8%

47

41

-12.8%

$4,875,000

$3,875,000

-20.5%

70

84

20.0%

95.4%

96.0%

0.7%

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

865 S Steele Street, Denver

R BOW MAR/BOW MAR SOUTH January through December Average Price

2020

% Change

$1,453,832

$1,501,942

3.3%

$414

$469

13.3%

52

52

0.0%

The average price per square foot in the

$3,250,000

$2,922,800

-10.1%

neighborhood of Bow Mar/Bow Mar South

18

26

44.4%

increased by 13.3% January through December

94.7%

95.3%

0.6%

2020 compared to that of 2019.

Average Price per Square Foot Average Days on Market Highest Price

13.3%

2019

Properties Sold % Sold Price to List Price Boundaries: West Quincy Avenue to West Bowles Avenue

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - DECEMBER 2020 • COLORADOMICROREPORTS.COM


CAPITOL HILL January through December Average Price Average Price per Square Foot

2019

2020

% Change

$364,328

$370,445

1.7%

$368

$375

1.8%

34

36

5.9%

$3,056,000

$1,925,000

-37.0%

376

337

-10.4%

96.8%

97.0%

0.2%

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

Boundaries: Broadway to Downing; 6th Avenue to Colfax

1300 N Ogden Street #401, Denver

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

10.4%

2019

2020

% Change

$707,445

$754,903

6.7%

$328

$337

2.8%

27

22

-18.5%

$1,386,185

$1,530,000

10.4%

The highest priced sale in Central Park increased by

406

423

4.2%

10.4% January through December 2020 compared

99.5%

99.1%

-0.3%

to that of 2019.

Boundaries: Quebec to Havana; Montview to 64th

CHEESMAN January through December

Cheesman is one of the oldest neighborhoods in Denver and was originally developed with mostly large mansions that still stand to this day.

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

2019

2020

% Change

$501,555

$511,847

2.1%

$393

$396

0.7%

36

45

25.0%

$4,350,000

$2,400,000

-44.8%

186

176

-5.4%

97.0%

96.4%

-0.7%

Boundaries: York to Downing; Colfax to 8th Avenue

coloradomicroreports.com


L

CHERRY CREEK EAST & SOUTH January through December Average Price

2019

2020

% Change

$696,136

$860,282

23.6%

$406

$424

4.5%

59

46

-22.0%

$2,745,000

$3,889,000

41.7%

135

148

9.6%

96.0%

95.8%

-0.3%

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: University to Colorado; Alameda to 1 Avenue st

333 S Monroe Street #606, Denver

CHERRY CREEK NORTH 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

$1,406,907

$1,262,254

-10.3%

$646

$594

-8.1%

65

46

-29.2%

$6,742,620

$4,015,000

-40.5%

198

176

-11.1%

95.3%

94.9%

-0.4%

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

333 Milwaukee Street, Denver

CHERRY HILLS VILLAGE 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

$1,878,708

$1,974,100

5.1%

$445

$487

9.5%

45

28

-37.8%

$3,689,000

$5,500,000

49.1%

66

72

9.1%

93.0%

96.1%

3.4%

Location of the Cherry Hills Country Club, which has hosted two PGA Championships, this neighborhood is home to many beautiful properties.

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

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - DECEMBER 2020 • COLORADOMICROREPORTS.COM


CHERRY HILLS VILLAGE 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

$3,060,511

$3,237,613

5.8%

$498

$593

19.0%

99

104

5.1%

$11,525,000

$9,450,000

-18.0%

45

55

22.2%

91.3%

93.0%

1.9%

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

1500 E Stanford Avenue, Cherry Hills Village

CITY PARK January through December Average Price

2020

% Change

$623,057

$662,324

6.3%

$402

$421

4.8%

35

20

-42.9%

The average days on market in City Park decreased

$1,219,000

$1,347,500

10.5%

by 42.9% January through December 2020

72

88

22.2%

compared to that of 2019.

97.8%

100.5%

2.7%

Average Price per Square Foot Average Days on Market Highest Price

42.9%

2019

Properties Sold % Sold Price to List Price Boundaries: Downing to York; 18th to Martin Luther King

81.8%

CITY PARK SOUTH January through December Average Price Average Price per Square Foot Average Days on Market

The number of properties sold in City Park South

Highest Price

increased by 81.8% January through December

Properties Sold

2020 compared to that of 2019.

% Sold Price to List Price

2019

2020

% Change

$700,236

$695,911

-0.6%

$479

$499

4.2%

11

12

9.1%

$1,049,900

$1,097,000

4.5%

11

20

81.8%

97.4%

99.7%

2.4%

Boundaries: York to Colorado; Colfax to 17th

coloradomicroreports.com


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

Named after the state

2019

2020

% Change

flower, Columbine Valley

$1,328,756

$1,389,606

4.6%

offers residents an

$408

$444

8.7%

attractive neighborhood

68

63

-7.4%

with expansive views, a

$2,725,000

$3,700,000

35.8%

nearby golf course, and a

23

39

69.6%

variety of community events

97.0%

97.2%

0.2%

and activities.

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

CONGRESS PARK

The community’s namesake

January through December

park, Congress Park,

Average Price

features pristine grounds,

Average Price per Square Foot

a children’s playground

Average Days on Market

and renovated outdoor

Highest Price

swimming pool, tennis

Properties Sold

courts, and soccer fields.

% Sold Price to List Price

2019

2020

% Change

$640,775

$653,994

2.1%

$456

$460

0.8%

31

27

-12.9%

$2,300,000

$2,750,000

19.6%

177

228

28.8%

96.7%

98.2%

1.5%

Boundaries: York to Colorado; 6th Avenue to Colfax

CORY-MERRILL 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

$918,259

$942,509

2.6%

$471

$515

9.3%

52

32

-38.5%

$1,800,000

$2,050,000

13.9%

121

121

0.0%

95.6%

97.1%

1.5%

38.5% The average days on market in Cory-Merrill

decreased by 38.5% January through December 2020 compared to that of 2019.

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

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - DECEMBER 2020 • COLORADOMICROREPORTS.COM


COUNTRY CLUB

Country Club includes

January through December

architectural influences

Average Price

from Colonial, French

Average Price per Square Foot

Chateau, Tudor, Santa Fe,

Average Days on Market

and Georgian, to remarkable

Highest Price

Denver Squares and distinct

Properties Sold

Victorians.

% Sold Price to List Price

2019

2020

% Change

$2,716,913

$3,165,889

16.5%

$655

$704

7.5%

77

56

-27.3%

$5,650,000

$6,800,000

20.4%

15

19

26.7%

92.8%

94.0%

1.2%

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

CRESTMOOR 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

$1,504,849

$1,722,447

14.5%

$513

$482

-6.0%

34

36

5.9%

$3,235,000

$3,355,000

3.7%

31

38

22.6%

97.6%

95.6%

-2.0%

Boundaries: Holly to Monaco; Bayaud to 6th Avenue

220 S Cherry Street, Denver

DOWNTOWN

Downtown Denver is a hub for world-class attractions like the Denver Performing Arts Complex, Coors Field,

January through December Average Price Average Price per Square Foot

and 16th Street Mall, as well

Average Days on Market

as charming hotels, shops,

Highest Price

and upscale restaurants.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$677,246

$612,021

-9.6%

$511

$504

-1.4%

175

56

-68.0%

$10,750,000

$3,264,600

-69.6%

459

462

0.7%

96.7%

97.0%

0.3%

(Attached Dwellings) Boundaries: Downtown Denver MLS Area

coloradomicroreports.com


GOLDEN TRIANGLE January through December

2019

2020

% Change

$618,803

$552,706

-10.7%

$386

$384

-0.5%

61

51

-16.4%

$1,475,000

$1,117,678

-24.2%

31

32

3.2%

95.5%

96.4%

0.9%

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: North Speer Blvd to Broadway; Colfax to 7

th

1050 Cherokee Street #406, Denver

55.6%

GREENWOOD VILLAGE EAST January through December Average Price Average Price per Square Foot

The average days on market in the neighborhood

Average Days on Market

of Greenwood Village East decreased by 55.6%

Highest Price

January through December 2020 compared to

Properties Sold

that of 2019.

% Sold Price to List Price

2019

2020

% Change

$1,185,228

$1,245,584

5.1%

$387

$367

-5.3%

63

28

-55.6%

$2,250,000

$2,119,350

-5.8%

54

48

-11.1%

96.0%

97.1%

1.1%

Boundaries: I-25 to Havana; Belleview to Orchard

GREENWOOD VILLAGE WEST 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

$1,732,336

$1,871,300

8.0%

$428

$466

8.9%

55

42

-23.6%

$3,125,000

$3,998,000

27.9%

50

93

86.0%

95.3%

96.3%

1.0%

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

5525 S Franklin Street, Greenwood Village

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - DECEMBER 2020 • COLORADOMICROREPORTS.COM


21.0%

The average price in the neighborhood of

Greenwood Village West (over one acre) increased by 21.0% January through December 2020

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

compared to that of 2019.

2019

2020

% Change

$2,062,587

$2,494,724

21.0%

$454

$482

6.2%

64

46

-28.1%

$6,500,000

$4,000,000

-38.5%

23

16

-30.4%

92.1%

95.7%

3.9%

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

HALE MAYFAIR January through December Average Price Average Price per Square Foot

2019

2020

% Change

Within Hale Mayfair, you

$702,840

$711,820

1.3%

will find a variety of large

$490

$530

8.2%

Victorian homes (some

29

18

-37.9%

restored to the original

$2,255,000

$2,372,000

5.2%

97

119

22.7%

97.1%

99.8%

2.8%

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

condition), Tudors, Denver Squares, Bungalows and Ranch-Style homes.

Boundaries: Colorado to Holly; 6th to Colfax

9.9%

The average price per square foot in the

neighborhood of Heritage Greens increased by 9.9% January through December 2020 compared to that of 2019.

HERITAGE GREENS 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

$882,125

$897,511

1.7%

$280

$308

9.9%

29

21

-27.6%

$1,625,000

$1,266,000

-22.1%

26

28

7.7%

98.2%

98.8%

0.7%

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

coloradomicroreports.com


HIGHLANDS January through December Average Price

2019

2020

% Change

$698,431

$708,690

1.5%

$469

$497

5.9%

37

35

-5.4%

$2,300,000

$2,500,000

8.7%

307

353

15.0%

96.5%

97.6%

1.1%

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

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

9.9%

1740 W 37th Avenue, Denver

HILLTOP January through December Average Price Average Price per Square Foot

The average price in the neighborhood of

Average Days on Market

Hilltop increased by 16.7% January through

Highest Price

December 2020 compared to that of 2019.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$1,412,502

$1,647,798

16.7%

$462

$518

12.2%

47

53

12.8%

$3,500,000

$3,900,000

11.4%

96

106

10.4%

93.9%

94.3%

0.4%

Boundaries: Alameda to 6th; Colorado to Holly

HOMESTEAD

Not only does Homestead

January through December Average Price

2019

2020

% Change

have great schools

$530,833

$588,096

10.8%

nearby, but its location is

$305

$318

4.2%

one of the best around.

30

17

-43.3%

The area is minutes away

$1,347,000

$1,315,000

-2.4%

from I-25, and a short,

107

137

28.0%

12-minute commute from

96.9%

99.8%

3.0%

the Denver Tech Center.

Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Colorado to Quebec; Arapahoe to Dry Creek

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - DECEMBER 2020 • COLORADOMICROREPORTS.COM


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

KEN-CARYL NORTH RANCH Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2020

% Change

$550,670

$556,064

1.0%

$423

$414

-1.9%

49

36

-26.5%

$1,170,000

$3,100,000

165.0%

141

201

42.6%

97.1%

98.0%

0.9%

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

2625 W 25th Avenue #4, Denver

January through December

2019

64.3%

2019

2020

% Change

$1,035,050

$1,159,890

12.1%

$294

$314

6.7%

57

48

-15.8%

$1,385,000

$1,575,000

13.7%

neighborhood of Ken-Caryl North Ranch

14

23

64.3%

increased by 64.3% January through December

92.3%

95.1%

3.1%

2020 compared to that of 2019.

The number of properties sold in the

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

KEN-CARYL VALLEY January through December

This scenic retreat is located behind South Jefferson County and is surrounded by the Dakota Hogback and the Foothills.

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

2019

2020

% Change

$833,007

$839,005

0.7%

$300

$322

7.4%

28

29

3.6%

$2,700,000

$1,425,000

-47.2%

64

62

-3.1%

97.5%

97.7%

0.2%

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

coloradomicroreports.com


LAKEWOOD 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

$507,615

$540,303

6.4%

$307

$331

7.9%

29

20

-31.0%

$2,425,000

$2,350,000

-3.1%

1,545

1,692

9.5%

97.9%

99.3%

1.5%

Boundaries: City of Lakewood

11362 W Baltic Court, Lakewood

% 8.7%

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

e

The highest price in the neighborhood of LoHi

h

increased by 8.7% January through December

Highest Price

r

2020 compared to that of 2019.

Properties Sold % Sold Price to List Price

.

2019

2020

% Change

$720,001

$726,606

0.9%

$466

$493

5.7%

40

35

-12.5%

$2,300,000

$2,500,000

8.7%

226

275

21.7%

96.4%

97.5%

1.2%

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

LOWRY 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

$789,134

$790,411

0.2%

$317

$340

7.6%

26

28

7.7%

$1,850,000

$1,650,000

-10.8%

48

55

14.6%

97.5%

97.9%

0.5%

Boundaries: Quebec to Unita; Alameda to 11th

7675 E 4th Avenue, Denver

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - DECEMBER 2020 • COLORADOMICROREPORTS.COM


MONTCLAIR

In the Montclair

January through December

neighborhood, you can find

Average Price

Montclair Park and Mayfair

Average Price per Square Foot

Park, as well as a variety of

Average Days on Market

small businesses, grocery

Highest Price

stores, and local restaurants.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$641,228

$788,764

23.0%

$437

$486

11.2%

36

27

-25.0%

$1,600,000

$1,699,000

6.2%

133

144

8.3%

96.3%

98.7%

2.5%

Boundaries: Holly to Quebec; 6th to Colfax

OBSERVATORY PARK 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

$1,301,357

$1,499,554

15.2%

$477

$491

3.0%

63

45

-28.6%

$3,050,000

$3,300,000

8.2%

96

93

-3.1%

94.1%

96.1%

2.1%

Boundaries: University to Colorado; Evans to Yale

4100 E Iliff Avenue #12, Denver

PARK HILL Builders began developing

January through December

Park Hill in the late 1800’s,

Average Price

representing Denver’s most

Average Price per Square Foot

diverse architectural mix,

Average Days on Market

with single story ranch-style

Highest Price

properties nestled next to

Properties Sold

multi-level Tudors.

% Sold Price to List Price

2019

2020

% Change

$795,487

$820,915

3.2%

$480

$505

5.2%

30

25

-16.7%

$2,920,000

$2,250,000

-22.9%

206

244

18.4%

97.4%

98.9%

1.6%

Boundaries: Colfax to 26 ; Colorado to Quebec th

coloradomicroreports.com


PLATT PARK January through December

2019

2020

% Change

$732,356

$833,290

13.8%

$554

$581

4.8%

23

17

-26.1%

$1,957,422

$1,970,000

0.6%

99

118

19.2%

98.2%

99.7%

1.5%

Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Broadway to Downing; Louisiana to Evans

1616 S Broadway #318, Denver

39.2%

POLO RESERVE January through December Average Price Average Price per Square Foot

The average days on market in the neighborhood of

Average Days on Market

Polo Reserve decreased by 39.2% January through

Highest Price

December 2020 compared to that of 2019.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$2,375,000

$2,050,471

-13.7%

$347

$419

20.7%

130

79

-39.2%

$3,300,000

$3,700,000

12.1%

2

7

250.0%

87.4%

94.3%

7.9%

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

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

34.0%

2019

2020

% Change

$529,121

$481,665

-9.0%

$420

$419

-0.3%

50

33

-34.0%

$1,150,000

$850,000

-26.1%

The average days on market in the neighborhood of

66

79

19.7%

RiNo decreased by 34.0% January through December

96.9%

97.5%

0.6%

2020 compared to that of 2019.

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

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - DECEMBER 2020 • COLORADOMICROREPORTS.COM


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

2020

% Change

$702,392

$768,914

9.5%

$467

$513

9.8%

45

20

-55.6%

$2,525,500

$2,000,000

-20.8%

144

145

0.7%

96.6%

99.4%

2.9%

Boundaries:Colfax to 29th; Sheridan to Federal

3117 W 18th Avenue, Denver

SOUTHERN HILLS January through December

4.2%

2019

2020

% Change

$823,107

$823,161

0.0%

$431

$450

4.2%

20

17

-15.0%

The average price per square foot in the

$3,325,000

$1,925,000

-42.1%

neighborhood of Southern Hills increased by 4.2%

50

70

40.0%

January through December 2020 compared to

96.9%

100.6%

3.8%

that of 2019.

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

2019

Properties Sold % Sold Price to List Price Boundaries: University to Colorado; Yale to Hampden

SOUTHGLENN Located in Centennial and rated one of the safest

January through December Average Price

cities in Colorado,

Average Price per Square Foot

Southglenn is surrounded

Average Days on Market

by shops, resturants, and

Highest Price

The Streets at Southglenn shopping mall.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$472,451

$501,783

6.2%

$268

$263

-1.8%

21

16

-23.8%

$587,000

625000

6.5%

43

53

23.3%

97.8%

99.8%

2.0%

Boundaries:Colorado to University; Arapahoe to Dry Creek

coloradomicroreports.com


SOUTHMOOR PARK January through December Average Price

2019

2020

% Change

$548,862

$595,128

8.4%

$258

$278

8.1%

29

30

3.4%

$837,500

$905,000

8.1%

53

82

54.7%

97.0%

98.2%

1.2%

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

54.7%

The number of properties sold in the neighborhood of Southmoor Park increased by 54.7% January through December 2020 compared to that of 2019.

SUNNYSIDE

7.1%

January through December Average Price Average Price per Square Foot

The average price in the neighborhood of Sunnyside

Average Days on Market

increased by 7.1% January through December 2020

Highest Price

compared to that of 2019.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$562,129

$601,968

7.1%

$456

$483

5.8%

29

24

-17.2%

$1,265,000

$1,230,000

-2.8%

294

320

8.8%

97.6%

98.4%

0.8%

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

TALLYN’S REACH 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

$583,338

$628,095

7.7%

$218

$238

9.2%

64

30

-53.1%

$1,200,000

$1,350,000

12.5%

120

148

23.3%

96.3%

98.6%

2.4%

Tallyn’s Reach is known for its beautiful surroundings. Here, 200-year-old Ponderosa Pines accentuate the landscape from nearly every vantage point.

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

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - DECEMBER 2020 • COLORADOMICROREPORTS.COM


UPTOWN

East of Downtown and just north of Capitol Hill

January through December

rests Denver’s Uptown—a

Average Price

vibrant urban area prized

Average Price per Square Foot

for its sports bars, theaters,

Average Days on Market

and mix of traditional and

Highest Price

inventive culinary fare lining

Properties Sold

17th Avenue—aptly named

% Sold Price to List Price

“Restaurant Row.”

% Change

$475,915

$502,102

5.5%

$382

$410

7.3%

30

35

16.7%

$1,364,900

$1,450,000

6.2%

141

140

-0.7%

97.3%

-0.1%

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

January through December

2019

2020

% Change

$1,373,162

$1,482,044

7.9%

$597

$659

10.4%

49

35

-28.6%

$5,611,000

$3,425,000

-39.0%

125

171

36.8%

95.1%

96.7%

1.7%

Average Price per Square Foot Average Days on Market Highest Price

2020

97.4%

WASHINGTON PARK EAST Average Price

2019

Properties Sold % Sold Price to List Price

th

th

10.4%

The average price per square foot in Washington Park East increased by 10.4% January through December 2020 compared to that of 2019.

Boundaries: Louisiana to Ellsworth, Downing to University

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

340 E Exposition Avenue #1, Denver

2019

2020

% Change

$716,594

$818,081

14.2%

$492

$528

7.4%

32

21

-34.4%

$1,850,000

$2,400,000

29.7%

172

162

-5.8%

97.5%

99.4%

1.9%

Boundaries:Louisiana to Ellsworth; Broadway to Downing

coloradomicroreports.com


N (WEST) HIGHLANDS January through December

2020

% Change

$661,777

$717,476

8.4%

$497

$535

7.8%

34

20

-41.2%

$1,900,000

$1,950,000

2.6%

221

274

24.0%

bars, and trendsetting

97.8%

99.4%

1.6%

restaurants.

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

Overlooking downtown

2019

Properties Sold % Sold Price to List Price

Denver, the Highlands is a bustling residential neighborhood featuring avenues lined with elegant old homes, chic cocktail

Boundaries: 38th Avenue; Federal to Sheridan

WHY COLORADO? NATIONAL PARKS: 4

MOUNTAIN RANGES: 7

SKI AREAS & RESORTS: 28

AVERAGE DAYS OF SUNSHINE ANNUALLY: 300

CRAFT BREWERIES: 350+

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

JANUARY - DECEMBER 2020 • COLORADOMICROREPORTS.COM


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.

Profile for LIV Sotheby's International Realty

Denver Metro Year End 2020 Micro Market Report  

Despite the pandemic, social unrest, and impactful political events, Denver’s reign as one of the most desirable cities in which to live con...

Denver Metro Year End 2020 Micro Market Report  

Despite the pandemic, social unrest, and impactful political events, Denver’s reign as one of the most desirable cities in which to live con...

Profile for livsir