NEIGHBORHOOD MICROMARKET REPORT |
January through June
2016
2017
% Change
Average Price Denver Metro • Mid-Year 2017 Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
NEIGHBORHOOD January through June
2016
2017
% Change
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
QUARTER 1 2017 • COLORADOMICROREPORTS.COM
DENVER METRO NEIGHBORHOODS 7 11 10
6
4 3
35 14 15 34 13 19 20 33 16 21 32 12 31 17 22 23 30 18
45
36 37 43 38
42
44
29 28 27
5 26
39
9 25 2
8
54
40
53
41
1
24
46
47 48 52
49
50
51
1. Ken Caryl Valley 2. Ken Caryl North Ranch 3. Lakewood 4. Belmar 5. Bow Mar/Bow Mar South 6. Sloan’s Lake 7. Berkeley 8. Polo Reserve 9. Columbine Valley 10. LoHi 11. Highlands 12. Baker 13. Golden Triangle 14. Downtown 15. Uptown 16. Denver (City) 17. Washington Park West 18. Platt Park 19. Capitol Hill 20. Cheesman 21. Country Club 22. Washington Park East 23. Bonnie Brae/Belcaro 24. Highlands Ranch 25. Southglenn 26. Greenwood Village West 27. Cherry Hills Village
28. Southern Hills 29. Observatory Park 30. Cory-Merrill 31. Cherry Creek South/East 32. Cherry Creek North 33. Congress Park 34. City Park South 35. City Park 36. Park Hill 37. Hale Mayfair 38. Hilltop 39. Greenwood Village East 40. Homestead 41. Heritage Greens 42. Crestmoor 43. Montclair 44. Lowry 45. Stapleton 46. Lone Tree 47. Castle Pines North 48. Castle Pines Village 49. The Meadows 50. Keene Ranch 51. Bell Mountain Ranch 52. Pradera & Timbers 53. Tallyn’s Reach 54. Saddle Rock Golf Club
Pictured on cover: 8 Viking Drive, Cherry Hills Village
coloradomicroreports.com
DENVER METRO Market Introduction Denver’s time in the sun as one of the nation’s most desirable destinations, whether for a job or purely discretionary reasons, continues with no signs of abatement. Although the flow of newcomers has tapered slightly in 2017, the real estate market remains robust, and favors sellers. Both new listings and new sales have increased year-over-year, but the increase in sales (6.1%) is about double the increase in inventory (3.3%). Excess demand and short supply drive prices higher (average is up 7.9%), and average time on the market dropped from 25 to 24 days. Full price offers are the norm with an average list price to sell price ratio of 99.7%. Denver’s hottest neighborhoods can be identified in our Micro Market Report by examining each of those factors, but the Average Price per Square Foot statistic is often the best indicator of the market’s direction and movement. Changes in Average Price can vary widely depending on the outliers in the sample, and should not be relied upon as synonymous with appreciation. Breaking the price down by square footage decreases the variability and margin for error. A better indicator for the appreciation rate comes from the Federal Government’s quarterly report of all metropolitan statistical areas (fhfa.gov), which shows Denver ranked 15th in the nation for price appreciation at 10.85% in the last year. Overall, the market is growing, and at just over $11B year-to-date in Total Dollar Volume Sold, is running 14.5% higher than the same time last year. We’re entering our third year of double-digit increases, and provided that there are no major disruptions to the economy or other unforeseen events, we expect those numbers to continue to rise.
livsothebysrealty.com
METRO DENVER January through June
2016
2017
% Change
New Listings
32,604
33,695
3.3%
Sold Listings (All Properties)
24,421
25,911
6.1%
Sold Single Family
17,420
18,328
5.2%
7,001
7,583
8.3%
25
24
-4.0%
$394,848
$426,124
7.9%
99.0%
99.7%
0.7%
$9,642,573,380
$11,041,302,935
14.5%
Sold Condo Average Days on Market Average Price % Sold Price to Original List Total Dollar Volume Sold
Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson
January through June 2017,
25,911
homes sold for an average of
$426,124
or, $11,041,302,935 total dollar volume sold.
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 MID-YEAR 2017 • COLORADOMICROREPORTS.COM
DENVER (CITY) January through June Average Price
2016
$458,661
8.8%
$261
$270
3.4%
25
24
-4.0%
$5,438,873
$5,850,000
7.6%
6,821
6,895
1.1%
99.5%
99.3%
-0.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$421,426
Average Price per Square Foot
Highest Price
2017
Boundaries: City of Denver
575 Circle Drive, Denver
BAKER January through June Average Price
2016
$438,562
9.0%
$346
$368
6.4%
15
20
33.3%
$690,000
$802,500
16.3%
56
53
-5.4%
100.7%
100.9%
0.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$402,451
Average Price per Square Foot
Highest Price
2017
9.0%
January through June 2017, the average price in the neighborhood of Baker increased by 9.0% compared to that of 2016.
Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway
BELL MOUNTAIN RANCH January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$739,438
$782,656
5.8%
$285
$299
4.9%
87
119
36.8%
$897,500
$876,400
-2.4%
8
9
12.5%
96.3%
96.6%
0.3%
Boundaries: I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle
750 Bold Sun Circle, Bell Mountain Ranch
coloradomicroreports.com
BELMAR January through June
2016
Average Price
Belmar shopping and dining district is home to more than 80+ galleries, restaurants, and shops that include local boutiques and national brands.
% Change
$400,739
$377,047
-5.9%
$248
$253
2.0%
133
35
-73.7%
$937,500
$630,000
-32.8%
34
24
-29.4%
98.0%
99.1%
1.1%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Kentucky to Alameda; Wadsworth to Pierce
14.2%
The average price per square foot for the neighborhood of Bonnie Brae/Belcaro increased by 14.2% January through June 2017 compared to that of 2016.
BERKELEY January through June
2016
Average Price
$530,894
9.3%
$384
$438
14.2%
35
21
-40.0%
$975,000
$1,300,000
33.3%
83
91
9.6%
98.9%
99.0%
0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$485,930
Average Price per Square Foot
Highest Price
2017
Boundaries: 38th to I-70; Sheridan to Federal
BONNIE BRAE/BELCARO January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$991,293
$1,151,105
16.1%
$449
$493
9.7%
48
27
-43.8%
$2,200,000
$2,300,000
4.5%
38
28
-26.3%
95.9%
97.2%
1.3%
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
1000 South Cook Street, Bonnie Brae
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
21.4%
BOW MAR/BOW MAR SOUTH January through June
2016
Average Price
$1,146,500
$1,200,994
4.8%
$326
$395
21.4%
112
71
-36.6%
$1,750,000
$2,450,000
40.0%
10
15
50.0%
91.9%
93.4%
1.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
The average price per square foot for the neighborhoods of Bow Mar/Bow Mar South increased by 21.4% January through June 2017 compared to that of 2016.
Boundaries:
CAPITOL HILL January through June Average Price
2016
$342,160
7.4%
$310
$334
7.7%
20
22
10.0%
$1,600,000
$2,725,000
70.3%
160
183
14.4%
100.0%
99.3%
-0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$318,689
Average Price per Square Foot
Highest Price
2017
Boundaries: Broadway to Downing; 6th to Colfax
70 South Ash Street, Capitol Hill
CASTLE PINES January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$608,492
$606,224
-0.4%
$212
$222
4.8%
69
57
-17.4%
$1,465,000
$1,400,000
-4.4%
53
61
15.1%
95.9%
96.6%
0.8%
Castle Pines is known for its mild and pleasant temperatures. It is located in an area that is shielded from the mountains and just outside the reach of the extreme heat of the plains.
Boundaries: Country Club Parkway to Coyote Park; Daniels Park to Yorkshire
coloradomicroreports.com
CASTLE PINES VILLAGE January through June
2016
2017
Average Price
$1,119,915
$1,121,130
0.1%
$311
$319
2.5%
148
155
4.7%
$2,875,000
$3,450,000
20.0%
45
67
48.9%
93.2%
93.3%
0.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: US 85 & Copper Blush to Northwood; Daniels Park to Gate 5; Country Club to I-25
327 Paragon Way, Castle Pines Village
9.9%
January through June 2017, the average price per square foot in the neighborhood of Cheesman increased by 9.9% compared to that of 2016.
CHEESMAN January through June
2016
Average Price
$442,090
-9.3%
$336
$369
9.9%
29
35
20.7%
$2,525,000
$5,000,000
98.0%
86
84
-2.3%
98.3%
99.5%
1.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$487,193
Average Price per Square Foot
Highest Price
2017
Boundaries: York to Downing; Colfax to 8th
CHERRY CREEK NORTH January through June
2016
2017
Average Price
$1,182,191
$1,016,044
-14.1%
$505
$459
-9.2%
65
60
-7.7%
$5,438,873
$2,750,000
-49.4%
90
74
-17.8%
96.4%
95.9%
-0.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: York to Colorado; 1st to 6th
559 Madison Street, Cherry Creek North
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
13.4%
CHERRY CREEK EAST & SOUTH January through June
2016
Average Price
$654,588
13.4%
$331
$374
12.8%
57
143
150.9%
$1,500,000
$1,720,000
14.7%
50
70
40.0%
97.3%
97.6%
0.4%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$577,061
Average Price per Square Foot
Highest Price
2017
January through June 2017, the average price in the neighborhood of Cherry Creek East & South increased by 13.4% compared to that of 2016.
Boundaries: University to Colorado; Alameda to 1st
CHERRY HILLS VILLAGE January through June
2016
Average Price
$1,555,213
$1,564,070
0.6%
$363
$385
6.1%
72
80
11.1%
$3,040,000
$3,800,000
25.0%
30
30
0.0%
92.8%
93.4%
0.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
8 Viking Drive, Cherry Hills Village
CHERRY HILLS VILLAGE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$2,668,620
$2,628,807
-1.5%
$469
$461
-1.8%
159
175
10.1%
$6,530,000
$6,000,000
-8.1%
26
30
15.4%
88.9%
89.8%
1.1%
Cherry Hills Village features stately residences and unparalleled amounts of acreage on property lots- a rarity for a neighborhood this close to metro Denver.
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
coloradomicroreports.com
CITY PARK January through June
City Park is home to the Denver Zoo and the Denver Museum of Nature and Science.
2016
Average Price
% Change
$494,826
$574,213
16.0%
$327
$348
6.4%
27
28
3.7%
$915,000
$1,300,000
42.1%
43
38
-11.6%
98.9%
98.2%
-0.7%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Downing to York; 18th to Martin Luther King
CITY PARK SOUTH January through June
2016
Average Price
$633,300
$640,559
1.1%
$405
$460
13.5%
49
16
-67.3%
$930,000
$935,000
0.5%
5
16
220.0%
100.9%
99.1%
-1.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Boundaries: York to Colorado; Colfax to 17th
1640 Harrison Street, City Park South
29.4%
The number of properties sold for the neighborhood of Columbine Valley increased by 29.4% in January through June 2017 compared to that of 2016.
COLUMBINE VALLEY January through June
2016
2017
Average Price
$1,019,053
$1,047,745
2.8%
$293
$354
21.2%
91
98
7.7%
$1,815,000
$1,999,000
10.1%
17
22
29.4%
95.8%
94.0%
-1.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: South Polo Ridge Drive to West Boles Avenue; Platte Canyon Road to South Platte River
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
CONGRESS PARK January through June
2016
Average Price
% Change
$488,278
$549,134
12.5%
$374
$418
11.7%
29
20
-31.0%
$1,215,000
$1,098,000
-9.6%
112
110
-1.8%
100.4%
99.7%
-0.6%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
Well-equipped Congress Park offers eight tennis courts, athletic fields, a picnic area, a playground, and a public outdoor swimming pool.
Boundaries: York to Colorado; 6th to Colfax
CORY-MERRILL January through June Average Price
2016
$848,919
5.9%
$413
$434
5.2%
45
35
-22.2%
$1,574,000
$1,606,500
2.1%
70
59
-15.7%
96.3%
97.3%
1.0%
Average Days on Market
Properties Sold % Sold Price to List Price
5.2%
% Change
$801,790
Average Price per Square Foot
Highest Price
2017
The average price per square foot for the neighborhood of Cory-Merrill increased by 5.2% January through June 2017 compared to that of 2016.
Boundaries: South University Blvd to South Colorado Blvd; I-25 to East Mississippi Ave
COUNTRY CLUB January through June
2016
Average Price
$1,782,265
$2,648,333
48.6%
$528
$598
13.2%
104
77
-26.0%
$2,600,000
$3,735,000
43.7%
11
3
-72.7%
89.1%
97.0%
8.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Boundaries: University to Downing 1st-4th; Race to University 4th-6th
401 Race Street, Country Club
coloradomicroreports.com
CRESTMOOR January through June
2016
2017
Average Price
$994,308
$1,377,000
38.5%
$392
$442
12.6%
65
20
-69.2%
$2,010,000
$2,475,000
23.1%
12
18
50.0%
94.2%
96.5%
2.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Holly to Monaco; Bayaud to 6th
320 Leyden Street, Crestmoor
11.8%
January through June 2017, the number of properties sold in the neighborhood of Downtown Denver increased by 11.8% compared to that of 2016.
DOWNTOWN January through June Average Price
2016
2017
$481,389
$554,287
15.1%
$420
$447
6.5%
45
60
33.3%
$1,735,000
$3,330,000
91.9%
245
274
11.8%
97.70%
96.8%
-0.9%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Downtown Denver MLS Area
GOLDEN TRIANGLE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price
2016
2017
$569,854
$486,250
-14.7%
$334
$343
2.7%
104
36
-65.4%
$1,245,000
$875,000
-29.7%
38
36
-5.3%
97.9%
97.3%
-0.6%
Properties Sold % Sold Price to List Price
% Change
Boundaries: North Speer Boulevard to Broadway; Colfax to 7th
55 West 12th Avenue, Golden Triangle
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
GREENWOOD VILLAGE EAST January through June Average Price
2016
$1,259,706
22.5%
$314
$385
22.7%
39
111
184.6%
$2,000,000
$2,133,730
6.7%
19
19
0.0%
95.6%
97.4%
1.8%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,028,684
Average Price per Square Foot
Highest Price
2017
Boundaries: Orchard to Belleview; Clarkson to I-25
4251 Preserve Parkway North, Greenwood Village East
GREENWOOD VILLAGE WEST January through June
2016
2017
Average Price
$1,585,696
$1,503,916
-5.2%
$387
$411
6.1%
70
107
52.9%
$3,100,000
$3,230,899
4.2%
27
32
18.5%
93.4%
93.9%
0.5%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
The area that is now Greenwood Village was first settled in the 1860s when settlers came from all over the country in search of gold.
(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
GREENWOOD VILLAGE WEST January through June
2016
Average Price
$1,918,600
$2,107,000
9.8%
$448
$397
-11.2%
145
47
-67.6%
$4,700,000
$3,750,000
-20.2%
10
7
-30.0%
93.7%
93.5%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
% Change
9.8%
January through June 2017, the average price in the neighborhood of Greewood Village increased by 9.8% compared to that of 2016.
coloradomicroreports.com
12.0%
The number of properties sold for the neighborhood of Hale Mayfair increased by 12.0% January through June 2017 compared to that of 2016.
HALE MAYFAIR January through June
2016
Average Price
$574,127
2.7%
$409
$438
6.9%
24
32
33.3%
$1,010,000
$1,175,000
16.3%
50
56
12.0%
98.9%
100.2%
1.3%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$559,165
Average Price per Square Foot
Highest Price
2017
Boundaries: Colorado to Holly; 6th to Colfax
HERITAGE GREENS January through June Average Price
2016
$806,211
9.6%
$254
$269
6.2%
34
89
161.8%
$972,500
$1,275,000
31.1%
16
14
-12.5%
98.59%
96.0%
-2.6%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$735,348
Average Price per Square Foot
Highest Price
2017
Boundaries: Dry Creek to County Line; Colorado Boulevard to Holly
5149 East Links Circle, Heritage Greens
HIGHLANDS January through June
Victorian-era homes and buildings, lush gardens and parks, hip independently owned shops, art galleries, and restaurants, all make the Highlands a fun and diverse neighborhood.
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$552,559
$599,553
8.5%
$379
$405
6.7%
150
51
-66.0%
$1,657,000
$1,649,000
-0.5%
165
151
-8.5%
97.8%
97.1%
-0.8%
Boundaries: W 38th Ave to Speer Blvd; S Platte River to Federal Blvd
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID-YEAR 2017 •COLORADOMICROREPORTS.COM
(WEST) HIGHLANDS January through June Average Price
2016
2017
$538,281
$586,481
9.0%
$401
$440
9.9%
33
21
-36.4%
$1,600,000
$1,355,000
-15.3%
106
108
1.9%
98.8%
98.6%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries:38th Ave; Federal to Sheridan
3276 Raleigh Street, West Highlands
HIGHLANDS RANCH January through June Average Price
2016
2017
$467,499
$471,643
0.9%
$221
$234
6.2%
18
18
0.0%
$2,604,938
$2,351,333
-9.7%
305
327
7.2%
99.8%
99.9%
0.1%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
6.2%
% Change
The average price per square foot for the neighborhood of Highlands Ranch increased by 6.2% January through June 2017 compared to that of 2016.
Boundaries: Daniels Park to County Line; Santa Fe to Quebec
HILLTOP January through June
2016
Average Price
$1,225,881
$1,449,306
18.2%
$417
$441
5.7%
81
69
-14.8%
$2,850,000
$4,950,000
73.7%
46
50
8.7%
96.3%
96.0%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Boundaries: Alameda to 6th; Colorado to Holly
380 Dahlia Street, Hilltop
coloradomicroreports.com
HOMESTEAD January through June Average Price
2016
% Change
$473,373
$487,037
2.9%
$253
$277
9.3%
20
23
15.0%
$1,300,000
$1,075,000
-17.3%
67
62
-7.5%
99.1%
98.9%
-0.2%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
7131 South Forest Court, Homestead
KEENE RANCH January through June
Keene Ranch offers stunning mountain views and a secluded atmosphere, all within a 30 minute drive to the metro Denver area and Colorado Springs.
Average Price
2016
$1,029,474
15.8%
$271
$316
16.5%
63
106
68.3%
$1,285,000
$1,247,400
-2.9%
12
6
-50.0%
96.7%
93.8%
-3.0%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$888,917
Average Price per Square Foot
Highest Price
2017
Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road
4.0%
The percent sold price to list price for the neighborhood of Ken-Caryl North Ranch increased by 4.0% January through June 2017 compared to that of 2016.
KEN-CARYL NORTH RANCH January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$943,955
$1,018,750
7.9%
$266
$306
15.3%
56
6
-89.3%
$1,225,000
$1,215,000
-0.8%
11
4
-63.6%
96.0%
99.8%
4.0%
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
KEN-CARYL VALLEY January through June
2016
Average Price
% Change
$663,147
$676,482
2.0%
$246
$272
10.7%
30
38
26.7%
$1,069,000
$1,295,000
21.1%
30
28
-6.7%
98.3%
97.3%
-1.0%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
10.7%
January through June 2017, the averag price per square foot for the neighborhood of Ken-Caryl Valley increased by 10.7% compared to that of 2016.
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Caryl Ave
LAKEWOOD January through June
2016
Average Price
$404,963
$440,253
8.7%
$241
$276
14.5%
31
22
-29.0%
$1,077,607
$1,950,000
81.0%
707
739
4.5%
99.5%
99.7%
0.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2017
% Change
Boundaries: City of Lakewood
15264 West Auburn Avenue, Lakewood
LOHI January through June
2016
Average Price
% Change
$592,539
$632,510
6.7%
$381
$399
4.6%
122
61
-50.0%
$1,075,000
$1,649,000
53.4%
110
115
4.5%
97.3%
96.5%
-0.8%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
The Lower Highlands, LoHi for short, features an eclectic mix of coffee shops, street fairs, farmers’ markets and more.
Boundaries: W 38th to I-25; Speer Blvd to Zuni Street
coloradomicroreports.com
LONE TREE Citizens of Lone Tree, located on the southern edge of the Denver metro area, take pride in their city motto, “It’s a great day to be in Lone Tree”.
January through June
2016
Average Price
$887,671
37.9%
$216
$256
18.7%
52
59
13.5%
$1,655,000
$2,600,000
57.1%
31
17
-45.2%
97.7%
95.9%
-1.9%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$643,721
Average Price per Square Foot
Highest Price
2017
Boundaries: South of Ridgegate parkway to County Line; Peoria to Quebec
LOWRY January through June
2016
Average Price
$710,472
4.1%
$289
$288
-0.4%
84
18
-78.6%
$1,638,000
$1,425,000
-13.0%
35
26
-25.7%
98.7%
98.6%
-0.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$682,284
Average Price per Square Foot
Highest Price
2017
Boundaries: Quebec to Unita; Alameda to 11th
7761 East 8th Avenue, Lowry
11.3%
The highest price for the neighborhood of The Meadows increased by 11.3% January through June 2017 compared that of 2016.
THE MEADOWS January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$414,368
$445,060
7.4%
$191
$201
5.4%
33
23
-30.3%
$720,000
$801,262
11.3%
246
206
-16.3%
98.7%
99.0%
0.4%
Boundaries: N Meadows Drive to Coachline Road; Breezy lane to Dairylide Street
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
MONTCLAIR January through June Average Price
2016
$543,514
-0.1%
$361
$395
9.3%
33
27
-18.2%
$1,405,000
$1,200,000
-14.6%
75
67
-10.7%
98.1%
98.8%
0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
9.3%
% Change
$543,999
Average Price per Square Foot
Highest Price
2017
The average price per square foot for the neighborhood of Montclair increased by 9.3% January through June 2017 compared to that of 2016.
Boundaries: Holly to Quebec; 6th to Colfax
OBSERVATORY PARK January through June Average Price
2016
$1,114,251
11.4%
$368
$424
15.2%
51
41
-19.6%
$2,245,000
$2,735,000
21.8%
35
56
60.0%
94.8%
96.2%
1.5%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$1,000,094
Average Price per Square Foot
Highest Price
2017
Located on the southeastern area of Denver, the Observatory Park neighborhood is primarily made up of single-family homes, with apartments and townhomes scattered throughout the area.
Boundaries: University to Colorado; Evans to Yale
PARK HILL January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$642,265
$691,366
7.6%
$393
$428
8.9%
39
22
-43.6%
$1,640,000
$1,900,000
15.9%
115
114
-0.9%
99.4%
99.2%
-0.2%
Boundaries: Colfax to 26th; Colorado to Quebec
4058 East 17th Avenue Parkway, Park Hill
coloradomicroreports.com
Platt Park draws people from all over the city to enjoy South Pearl Street’s charming boutiques, restaurants, and the many antique shops found on South Broadway.
PLATT PARK January through June
2016
Average Price
% Change
$470,366
$672,497
43.0%
$443
$451
2.0%
17
11
-35.3%
$895,000
$1,210,000
35.2%
51
37
-27.5%
99.5%
100.3%
0.9%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Broadway to Downing; Louisiana to Evans
POLO RESERVE January through June
2016
2017
% Change
Average Price
-
$1,033,317
-
Average Price per Square Foot
-
$299
-
Average Days on Market
-
84
-
Highest Price
-
$1,550,000
-
No Sales
3
-
-
98.1%
-
Properties Sold % Sold Price to List Price
Boundaries: North of Mineral; South of Arabian Pl; West of the S. Platte River; East of S. Platte Canyon Rd
6955 South Polo Ridge Drive, Polo Reserve
PRADERA & TIMBERS
5.0%
January through June 2017, the average price per square foot in the neighborhood of Pradera & Timbers increased by 5.0% compared to that of 2016.
January through June Average Price
2016
% Change
$730,624
$766,848
5.0%
$220
$235
7.2%
116
90
-22.4%
$1,720,000
$1,250,000
-27.3%
56
65
16.1%
97.1%
95.4%
-1.8%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: Pradera and Timbers Subdivisions in Parker
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID-YEAR 2017 •COLORADOMICROREPORTS.COM
SADDLE ROCK January through June
2016
Average Price
2017
$595,602
$591,284
-0.7%
$185
$201
8.4%
75
54
-28.0%
$1,135,000
$1,056,000
-7.0%
43
58
34.9%
97.4%
96.6%
-0.8%
Average Price per Square Foot Average Days on Market Highest Price
% Change
Properties Sold % Sold Price to List Price
Boundaries: North of E Dry Creek Rd; South of Smoky Hill Rd; West of E-470; East of S Liverpool St
21582 East Porland Place, Saddle Rock
SLOAN’S LAKE January through June
2016
Average Price
2017
$522,091
$621,108
19.0%
$407
$417
2.4%
21
33
57.1%
$1,050,000
$1,750,000
66.7%
72
53
-26.4%
97.4%
97.0%
-0.4%
Average Price per Square Foot Average Days on Market Highest Price
% Change
Properties Sold % Sold Price to List Price
Sloan’s Lake is the 44th most walkable neighborhood in Denver with approximately 7,200 residents. Sloan Lake has some public transportation and is very bikeable.
Boundaries: Colfax to 29th; Sheridan to Federal
SOUTHERN HILLS January through June
2016
Average Price
% Change
$612,203
$668,927
9.3%
$339
$391
15.4%
36
18
-50.0%
$1,279,000
$1,162,500
-9.1%
32
26
-18.8%
97.3%
99.1%
1.9%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price Boundaries: University to Colorado; Yale to Hampden
15.4%
January through June 2017, the average price per square foot for the neighborhood of Southern Hills increased by 15.4% compared to that of 2016.
coloradomicroreports.com
SOUTHGLENN
47.4%
January through June
2016
Average Price
$411,575
0.2%
$235
$249
6.0%
12
22
83.3%
$505,000
$516,900
2.4%
19
28
47.4%
100.1%
99.8%
-0.3%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
$410,809
Average Price per Square Foot
The number of properties sold in the neighborhood of Southglenn increased by 47.4% January through June 2017 compared to that of 2016.
2017
Boundaries: Washington to University; Arapahoe to Dry Creek
STAPLETON January through June
2016
Average Price
$650,977
6.3%
$271
$293
8.1%
20
48
140.0%
$1,200,000
$1,305,332
8.8%
97
48
-50.5%
99.7%
99.5%
-0.2%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$612,282
Average Price per Square Foot
Highest Price
2017
Boundaries: Quebec to Havana; 23rd to 40th
9192 East 29th Place, Stapleton
TALLYN’S REACH January through June
Tallyn’s Reach is known for its beautiful surroundings. Here, 200-year-old Ponderosa Pines accentuate the landscape from nearly every vantage.
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2017
% Change
$507,723
$522,348
2.9%
$201
$203
0.9%
45
39
-13.3%
$1,110,000
$1,087,000
-2.1%
66
76
15.2%
97.9%
98.6%
0.7%
Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
MID-YEAR 2017 • COLORADOMICROREPORTS.COM
UPTOWN January through June Average Price
2016
$415,453
2.0%
$332
$365
9.9%
104
42
-59.6%
$931,000
$860,000
-7.6%
99
71
-28.3%
100.0%
101.1%
1.1%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$407,490
Average Price per Square Foot
Highest Price
2017
9.9%
The average price per square foot for the neighborhood of Uptown increased by 9.9% January through June 2017 compared to that of 2016.
Boundaries: North of Colfax; East of Broadway; South of 20th; 20th & Park to 19th; West of Josephine
WASHINGTON PARK EAST January through June Average Price
2016
% Change
$998,703
$1,173,064
17.5%
$486
$540
11.0%
43
44
2.3%
$2,230,000
$5,850,000
162.3%
68
56
-17.6%
97.0%
96.4%
-0.5%
Average Price per Square Foot Average Days on Market Highest Price
2017
Properties Sold % Sold Price to List Price
Boundaries: Lousisana to Ellsworth; Downing to University
1066 South Franklin Street, Washington Park East
WASHINGTON PARK WEST January through June Average Price
2016
$679,586
19.6%
$405
$447
10.4%
27
25
-7.4%
$885,000
$1,620,000
83.1%
78
68
-12.8%
98.6%
99.3%
0.7%
Average Days on Market
Properties Sold % Sold Price to List Price
% Change
$568,337
Average Price per Square Foot
Highest Price
2017
Washington Park features 155 acres of pleasant grounds including two lakes and two flower gardens, one of which is a replica of George Washington’s gardens at Mount Vernon.
Boundaries: Louisiana to Ellsworth; Broadway to Downing
coloradomicroreports.com
WE ARE.
THE VOICE OF COLORADO REAL ESTATE
1200 Acoma Street #603, Denver
14
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.