Page 1

MICROMARKET REPORT |

Denver Metro • Quarter 1 2018


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: 1450 Wynkoop Street #1L, Denver

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DENVER METRO market update The Denver metro area continues to grow and gain prominence in the national spotlight of post-Great Recession rebounds, with another consecutive quarter of impressive price appreciation taking place in Quarter 1 2018. While the total number of homes sold January through March 2018 saw a slight decrease year-over-year, the increase in the overall total dollar volume sold of 6.1% was due nearly entirely from price increases. New listings to the market remained the same year-over year in Quarter 1 2018, with the inventory of available listings remaining very low. This is because of seasonal and long-term trends. Part of the long-term, low-inventory problem, is the limited number of completed new construction projects. The skilled labor market is incredibly tight, and the construction industry is one of the few sectors of the economy that has not rebounded. This imbalance of supply versus demand has created the rapid gains in value enjoyed by homeowners, but has also made choices and affordability a challenge for buyers. This trend exemplifies the classic, “seller’s market”, with average days on the market seeing a 6.7% decrease, to just 28 days, and a sold-price to list-price ratio of 99.4%. Some of Denver’s hottest sub-markets can be discerned by looking at those same statistics at a micro level. The LIV Sotheby’s International Realty Micro Market Report breaks down the Denver metro area into over 50 neighborhoods, including areas typically not analyzed by broader measures. In Quarter 1 2018, several micro markets demonstrated increases in average sales price in excess of 15%: Belmar, Bow Mar/Bow Mar South, Capitol Hill, Castle Pines Village, Cherry Hills Village, Columbine Valley, Cory-Merrill, Crestmoor, Golden Triangle, Hale Mayfair, Heritage Greens, Homestead, Keene Ranch, Observatory Park, Platt Park, Polo Reserve, Saddle Rock, and Southern Hills. Buyers should be prepared to act fast and make strong initial offers, but sellers should not be complacent either. High quality and excellent condition homes are rewarded greatly in today’s market, but the inverse is that anything less than stellar tends to linger, and may have to go through a price drop (or series of), in order to sell. It’s never been more important to do everything right in all of the four “Ps” of marketing your home – pricing, packaging (staging), photography and promotion.

livsothebysrealty.com

DENVER METRO January through March

2017

2018

% Change

New Listings

14,076

13,989

-0.6%

Sold Listings (All Properties)

10,500

10,102

-3.8%

7,351

6,917

-5.9%

$455,057

$499,297

9.7%

3,149

3,185

1.1%

$300,986

$343,622

14.2%

30

28

-6.7%

98.8%

99.4%

0.6%

$4,288,729,699

$4,549,652,307

6.1%

Sold Single Family Average Price Single Family Sold Attached Dwellings Average Price Attached Dwellings 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.

MICROMARKET REPORT | Denver Metro QUARTER 1 2018 • COLORADOMICROREPORTS.COM


DENVER (CITY) January through March Average Price

2017

$488,907

13.4%

$269

$298

10.8%

29

30

3.4%

$3,832,953

$4,975,000

29.8%

2,833

2,878

1.6%

98.5%

99.1%

0.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$431,285

Average Price per Square Foot

Highest Price

2018

Boundaries: City of Denver

1125 South Jackson Street, Denver

BAKER January through March Average Price

2017

$473,809

9.9%

$349

$383

9.8%

38

77

102.6%

$570,000

$700,000

22.8%

22

23

4.5%

98.6%

101.2%

2.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$431,109

Average Price per Square Foot

Highest Price

2018

Baker received historic district designation by the City of Denver in 2000, and is lined with 19th century brick houses and charming local restaurants and businesses.

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

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

2017

2018

% Change

$782,280

$767,000

-2.0%

$295

$302

2.3%

202

208

3.0%

$876,400

$879,000

0.3%

5

2

-60.0%

95.1%

97.4%

2.4%

Boundaries: I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle

628 Young Circle, Bell Mountain Ranch

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22.5%

The average price for the neighborhood of Belmar increased by 22.5% January through March 2018 compared to that of 2017.

BELMAR January through March

2017

Average Price

% Change

$381,402

$467,360

22.5%

$249

$254

1.6%

56

38

-32.1%

$630,000

$1,125,000

78.6%

12

10

-16.7%

98.6%

98.5%

-0.1%

Average Price per Square Foot Average Days on Market Highest Price

2018

Properties Sold % Sold Price to List Price Boundaries: Kentucky to Alameda; Wadsworth to Pierce

BERKELEY January through March

2017

Average Price

$570,208

10.8%

$405

$504

24.4%

29

18

-37.9%

$1,300,000

$1,200,000

-7.7%

36

30

-16.7%

95.4%

98.2%

2.9%

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

% Change

$514,664

Average Price per Square Foot

Berkeley offers its residences an eclectic mix of popular dining options, local art galleries, and a convenient location near I-70.

2018

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

BONNIE BRAE/BELCARO January through March

2017

2018

Average Price

$1,215,867

$1,120,286

-7.9%

$464

$507

9.1%

41

29

-29.3%

$2,250,000

$2,500,000

11.1%

11

14

27.3%

97.2%

99.4%

2.2%

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

% Change

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

867 South Columbine Street, Bonnie Brae

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BOW MAR/BOW MAR SOUTH January through March

2017

Average Price

$1,357,292

$1,599,000

17.8%

$364

$524

44.0%

126

14

-88.9%

$2,450,000

$1,698,000

-30.7%

6

2

-66.7%

87.5%

97.9%

11.9%

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

2018

% Change

17.8%

The average price for the neighborhoods of Bow Mar/Bow Mar South increased by 17.8% January through March 2018 compared to that of 2017.

Boundaries:

CAPITOL HILL January through March Average Price

2017

$425,725

38.9%

$324

$385

18.8%

21

46

119.0%

$775,000

$3,100,000

300.0%

70

95

35.7%

98.8%

99.6%

0.8%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$306,591

Average Price per Square Foot

Highest Price

2018

Boundaries: Broadway to Downing; 6th to Colfax

670 North Ogden Street, Capitol Hill

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

2017

2018

% Change

$686,818

$601,423

-12.4%

$221

$245

11.0%

101

95

-5.9%

$1,400,000

$899,000

-35.8%

17

13

-23.5%

93.5%

97.5%

4.2%

Castle Pines, located just 20 miles south of Denver, offers its residents the perfect balance of open space and urban living.

Boundaries: Country Club Parkway to Coyote Park; Daniels Park to Yorkshire

coloradomicroreports.com


CASTLE PINES VILLAGE January through March

2017

2018

Average Price

$1,010,789

$1,209,452

19.7%

$290

$334

15.1%

156

246

57.7%

$3,000,000

$2,600,000

-13.3%

25

21

-16.0%

91.8%

92.9%

1.1%

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

102 Coulter Place, Castle Pines Village

8.2%

January through March 2018, the average price in the neighborhood of Cheesman increased by 8.2% compared to that of 2017.

CHEESMAN January through March

2017

Average Price

$417,293

8.2%

$347

$349

0.7%

65

40

-38.5%

$1,045,000

$1,460,000

39.7%

37

40

8.1%

98.1%

97.9%

-0.2%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$385,508

Average Price per Square Foot

Highest Price

2018

Boundaries: York to Downing; Colfax to 8th

CHERRY CREEK NORTH January through March

2017

2018

Average Price

$1,136,998

$1,152,625

1.4%

$470

$446

-5.0%

84

62

-26.2%

$2,750,000

$2,695,000

-2.0%

32

24

-25.0%

93.9%

92.4%

-1.5%

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

512 Cook Street, Cherry Creek North

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CHERRY CREEK EAST & SOUTH January through March

2017

Average Price

$720,108

16.0%

$372

$381

2.4%

87

64

-26.4%

$1,720,000

$3,250,000

89.0%

29

31

6.9%

98.0%

96.4%

-1.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$620,671

Average Price per Square Foot

Highest Price

2018

16.0%

January through March 2018, the average price in the neighborhood of Cherry Creek East & South increased by 16.0% compared to that of 2017.

Boundaries: University to Colorado; Alameda to 1st

CHERRY HILLS VILLAGE January through March

2017

Average Price

$1,316,385

$1,689,063

28.3%

$358

$389

8.8%

102

89

-12.7%

$2,086,000

$3,962,500

90.0%

13

16

23.1%

90.6%

92.7%

2.4%

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

2018

% Change

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

4580 South Franklin Street, Cherry Hills Village

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

2017

2018

% Change

$2,961,076

$2,644,038

-10.7%

$483

$411

-14.8%

197

140

-28.9%

$6,000,000

$4,125,000

-31.3%

16

8

-50.0%

87.2%

91.0%

4.3%

Cherry Hills Village, located just south of Denver, was named for the cherry tree groves that lined the original town site.

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

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CITY PARK January through March

One of Denver’s most popular destinations, City Park is home to historical monuments, two lakes, picnic sites, playgrounds, and sweeping views of the city’s skyline.

2017

Average Price

% Change

$518,631

$577,366

11.3%

$349

$391

12.0%

41

23

-43.9%

$800,000

$875,000

9.4%

13

19

46.2%

95.8%

98.1%

2.4%

Average Price per Square Foot Average Days on Market Highest Price

2018

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

CITY PARK SOUTH January through March

2017

2018

Average Price

$680,320

$804,000

18.2%

$471

$496

5.3%

21

14

-33.3%

$855,000

$1,100,000

28.7%

5

5

0.0%

97.1%

97.5%

0.4%

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

% Change

Boundaries: York to Colorado; Colfax to 17th

2247 North Williams Street, City Park

89.1%

The highest price for the neighborhood of Columbine Valley increased by 89.1% January through December 2018 compared to that of 2017.

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

2017

2018

% Change

$872,900

$1,440,848

65.1%

$313

$439

40.1%

74

372

402.7%

$1,370,000

$2,590,000

89.1%

10

5

-50.0%

94.9%

94.3%

-0.7%

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

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CONGRESS PARK January through March

2017

Average Price

% Change

$526,061

$527,622

0.3%

$406

$407

0.2%

25

20

-20.0%

$1,090,020

$1,152,500

5.7%

41

41

0.0%

99.6%

99.7%

0.1%

Average Price per Square Foot Average Days on Market Highest Price

2018

Properties Sold % Sold Price to List Price

Congress Park saw major residential development between 1900 and 1930, with little residential construction in recent years, preserving the neighborhood’s historic value.

Boundaries: York to Colorado; 6th to Colfax

CORY-MERRILL January through March Average Price

2017

% Change

$784,848

$917,716

16.9%

$416

$474

13.9%

52

69

32.7%

$1,350,000

$1,677,000

24.2%

20

32

60.0%

95.6%

95.9%

0.3%

Average Price per Square Foot Average Days on Market Highest Price

2018

Properties Sold % Sold Price to List Price

13.9%

The average price per square foot for the neighborhood of Cory-Merrill increased by 13.9% January through March 2018 compared to that of 2017.

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

COUNTRY CLUB January through March

2017

2018

% Change

Average Price

-

$4,062,500

-

Average Price per Square Foot

-

$725

-

Average Days on Market

-

159

-

Highest Price

-

$4,975,000

-

No Sales

2

-

-

93.2%

-

Properties Sold % Sold Price to List Price

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

177 North Humboldt Street, Country Club

coloradomicroreports.com


CRESTMOOR January through March

2017

Average Price

2018

$857,200

$1,418,880

65.5%

$405

$430

6.0%

18

58

222.2%

$1,158,500

$2,450,000

111.5%

5

6

20.0%

97.0%

98.0%

1.0%

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

220 Jersey Street, Crestmoor

12.5%

January through March 2018, the average price in Downtown Denver increased by 12.5% compared to that of 2017.

DOWNTOWN January through March Average Price

2017

2018

$514,154

$578,252

12.5%

$453

$443

-2.2%

67

103

53.7%

$1,850,000

$1,865,000

0.8%

117

103

-12.0%

96.0%

97.0%

1.0%

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 March Average Price Average Price per Square Foot

2017

2018

$444,150

$586,861

32.1%

$327

$367

12.4%

42

185

340.5%

$634,500

$1,055,000

66.3%

10

18

80.0%

95.8%

98.9%

3.3%

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

% Change

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

930 Acoma Street #319, Golden Triangle

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GREENWOOD VILLAGE EAST January through March

2017

2018

Average Price

$1,124,727

$1,229,567

9.3%

$333

$335

0.6%

101

87

-13.9%

$2,034,000

$2,100,000

3.2%

11

12

9.1%

95.7%

96.2%

0.5%

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

% Change

Boundaries: I-25 to Havana; Belleview to Orchard

43 Sommerset Circle, Greenwood Village East

GREENWOOD VILLAGE WEST January through March Average Price

2017

$1,437,263

-2.0%

$392

$371

-5.4%

153

71

-53.6%

$3,100,000

$3,375,000

8.9%

12

8

-33.3%

89.5%

92.2%

3.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$1,466,000

Average Price per Square Foot

Highest Price

2018

Over the past 50 years, Greenwood Village has gone from a land of gravel roads and small farms to an energetic blend of residential and commercial areas.

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

GREENWOOD VILLAGE WEST January through March

2017

Average Price

$2,219,750

$1,589,000

-28.4%

$404

$478

18.3%

69

70

1.4%

$3,750,000

$1,944,000

-48.2%

4

3

-25.0%

95.2%

94.3%

-1.0%

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

2018

% Change

18.3%

January through March 2018, the average price per square foot for the neighborhood of Greewood Village increased by 18.3% compared to that of 2017.

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

coloradomicroreports.com


37.2%

The average price for the neighborhood of Hale Mayfair increased by 37.2% January through March 2018 compared to that of 2017.

HALE MAYFAIR January through March

2017

Average Price

$714,333

37.2%

$430

$493

14.6%

68

21

-69.1%

$670,000

$1,179,000

76.0%

20

9

-55.0%

100.3%

100.9%

0.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$520,760

Average Price per Square Foot

Highest Price

2018

Boundaries: Colorado to Holly; 6th to Colfax

HERITAGE GREENS January through March

2017

Average Price

$699,994

$1,024,000

46.3%

$250

$458

83.0%

70

9

-87.1%

$860,000

$1,024,000

19.1%

8

1

-87.5%

96.0%

93.5%

-2.6%

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

2018

% Change

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

5298 East Otero Circle, Heritage Greens

10.4%

January through March 2018, the average price per square foot for the neighborhood of Highlands increased by 10.4% compared to that of 2017.

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

2017

2018

% Change

$582,362

$553,310

-5.0%

$408

$450

10.4%

88

53

-39.8%

$1,414,000

$1,300,000

-8.1%

57

68

19.3%

95.7%

98.5%

2.9%

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

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(WEST) HIGHLANDS January through March Average Price

2017

2018

$588,025

$572,730

-2.6%

$448

$478

6.9%

32

18

-43.8%

$1,135,000

$1,025,000

-9.7%

42

41

-2.4%

97.7%

98.9%

1.2%

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

3301 West Clyde Place, West Highlands

HIGHLANDS RANCH January through March Average Price

2017

2018

$462,435

$519,666

12.4%

$234

$248

6.2%

30

17

-43.3%

$1,993,000

$2,405,000

20.7%

123

103

-16.3%

98.9%

100.3%

1.4%

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 March 2018 compared to that of 2017.

Boundaries: Daniels Park to County Line; Santa Fe to Quebec

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

2017

2018

% Change

$1,359,909

$1,304,727

-4.1%

$437

$451

3.2%

69

124

79.7%

$2,500,000

$2,650,000

6.0%

23

15

-34.8%

95.2%

96.1%

1.0%

Boundaries: Alameda to 6th; Colorado to Holly

50 & 60 Clermont Street, Hilltop

coloradomicroreports.com


HOMESTEAD January through March Average Price

2017

% Change

$459,374

$568,859

23.8%

$271

$291

7.4%

34

33

-2.9%

$1,075,000

$1,275,000

18.6%

29

17

-41.4%

96.6%

97.8%

1.2%

Average Price per Square Foot Average Days on Market Highest Price

2018

Properties Sold % Sold Price to List Price Boundaries: Colorado to Quebec; Arapahoe to Dry Creek

7131 South Forest Court, Homestead

KEENE RANCH January through March

Located in the scenic foothills and bordering 1,500 acres of open space, Keene Ranch offers convenient access to Castle Rock and award-winning golf courses.

Average Price

2017

$951,250

42.1%

$290

$320

10.6%

183

133

-27.3%

$669,441

$1,200,000

79.3%

1

4

300.0%

86.4%

85.0%

-1.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$669,441

Average Price per Square Foot

Highest Price

2018

Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road

14.2%

The highest price for the neighborhood of Ken-Caryl North Ranch increased by 14.2% January through March 2018 compared to that of 2017.

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

2017

2018

% Change

$1,100,000

$990,330

-10.0%

$387

$278

-28.1%

1

97

9600.0%

$1,100,000

$1,256,150

14.2%

1

5

400.0%

100.0%

95.3%

-4.7%

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

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KEN-CARYL VALLEY January through March

2017

Average Price

% Change

$574,417

$717,557

24.9%

$280

$300

7.1%

62

64

3.2%

$800,000

$1,125,000

40.6%

6

7

16.7%

97.6%

98.5%

0.9%

Average Price per Square Foot Average Days on Market Highest Price

2018

Properties Sold % Sold Price to List Price

7.1%

January through March 2018, the average price per square foot for the neighborhood of Ken-Caryl Valley increased by 7.1% compared to that of 2017.

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

LAKEWOOD January through March

2017

Average Price

% Change

$423,382

$471,411

11.3%

$268

$300

11.9%

33

29

-12.1%

$1,200,000

$1,900,000

58.3%

304

298

-2.0%

98.8%

99.0%

0.2%

Average Price per Square Foot Average Days on Market Highest Price

2018

Properties Sold % Sold Price to List Price Boundaries: City of Lakewood

15274 West Evans Place, Lakewood

LOHI January through March

2017

Average Price

% Change

$622,752

$573,756

-7.9%

$399

$448

12.3%

112

53

-52.7%

$1,414,000

$1,300,000

-8.1%

43

52

20.9%

95.0%

99.0%

4.2%

Average Price per Square Foot Average Days on Market Highest Price

2018

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

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LONE TREE Lone Tree is home to the Lone Tree Arts Center, which houses a 255 seat event hall for intimate performances, and a 350 seat outdoor terrace theatre.

January through March

2017

Average Price

$825,028

16.0%

$267

$280

5.1%

53

68

28.3%

$2,344,218

$1,500,000

-36.0%

37

54

45.9%

96.0%

97.1%

1.2%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$711,300

Average Price per Square Foot

Highest Price

2018

Boundaries: South of Ridgegate parkway to County Line; Peoria to Quebec

LOWRY January through March

2017

Average Price

$822,988

13.9%

$297

$318

6.9%

21

39

85.7%

$1,425,000

$1,575,000

10.5%

10

39

290.0%

99.0%

99.4%

0.4%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$722,338

Average Price per Square Foot

Highest Price

2018

Boundaries: Quebec to Unita; Alameda to 11th

7651 East 8th Avenue, Lowry

6.1%

The average price for the neighborhood of The Meadows increased by 6.1% January through March 2018 compared that of 2017.

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

2017

2018

% Change

$439,787

$466,800

6.1%

$199

$214

7.2%

33

27

-18.2%

$677,000

$750,000

10.8%

71

83

16.9%

98.6%

99.2%

0.6%

Boundaries: N Meadows Drive to Coachline Road; Breezy lane to Dairylide Street

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

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MONTCLAIR January through March Average Price

2017

$682,703

33.0%

$384

$410

6.9%

40

60

50.0%

$860,000

$682,703

-20.6%

22

23

4.5%

96.7%

97.1%

0.3%

Average Days on Market

Properties Sold % Sold Price to List Price

6.9%

% Change

$513,228

Average Price per Square Foot

Highest Price

2018

The average price per square foot for the neighborhood of Montclair increased by 6.9% January through March 2018 compared to that of 2017.

Boundaries: Holly to Quebec; 6th to Colfax

OBSERVATORY PARK January through March Average Price

2017

$1,279,375

33.9%

$399

$379

-4.8%

31

86

177.4%

$2,239,000

$1,950,000

-12.9%

16

16

0.0%

97.9%

95.1%

-2.8%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$955,561

Average Price per Square Foot

Highest Price

2018

Observatory Park is named after the famous Chamberlain Observatory, designed by Denver architect, Robert Roeschlaub, and can be seen at the center of the park.

Boundaries: University to Colorado; Evans to Yale

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

2017

2018

% Change

$720,418

$706,283

-2.0%

$401

$450

12.1%

39

20

-48.7%

$1,789,400

$1,532,500

-14.4%

40

40

0.0%

97.8%

99.6%

1.8%

Boundaries: Colfax to 26th; Colorado to Quebec

2065 Holly Street, Park Hill

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Platt Park, formerly a separate city from Denver, was connected to the city by a trolley line that ran through Pearl Street during the 20th century.

PLATT PARK January through March

2017

Average Price

$609,000

$703,889

15.6%

$475

$477

0.5%

8

23

187.5%

$1,030,000

$1,608,256

56.1%

10

22

120.0%

100.1%

99.1%

-1.0%

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

2018

% Change

Boundaries: Broadway to Downing; Louisiana to Evans

POLO RESERVE January through March

2017

Average Price

$1,570,000

118.1%

$220

$410

86.4%

7

371

5200.0%

$719,950

$1,570,000

118.1%

1

1

0.0%

100.0%

89.7%

-10.3%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$719,950

Average Price per Square Foot

Highest Price

2018

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

6955 South Polo Drive, Polo Reserve

4.8%

January through March 2018, the percent sold price to list price in the neighborhood of Pradera & Timbers increased by 4.8% compared to that of 2017.

PRADERA & TIMBERS January through March Average Price

2017

% Change

$797,718

$688,245

-13.7%

$245

$241

-1.6%

122

41

-66.4%

$1,100,000

$1,007,000

-8.5%

25

21

-16.0%

93.4%

97.9%

4.8%

Average Price per Square Foot Average Days on Market Highest Price

2018

Properties Sold % Sold Price to List Price Boundaries: Pradera and Timbers Subdivisions in Parker

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SADDLE ROCK January through March

2017

Average Price

2018

$583,113

$687,122

17.8%

$195

$198

1.6%

72

67

-6.9%

$820,000

$960,000

17.1%

27

13

-51.9%

95.4%

98.2%

3.0%

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

21406 East Ottawa Circle, Saddle Rock

SLOAN’S LAKE January through March

2017

Average Price

2018

$708,658

$630,163

-11.1%

$454

$497

9.4%

50

26

-48.0%

$1,750,000

$1,151,820

-34.2%

28

27

-3.6%

94.3%

96.9%

2.8%

Average Price per Square Foot Average Days on Market Highest Price

% Change

Properties Sold % Sold Price to List Price

The urban development currently taking place in Sloan’s Lake offers its residences convenient access to new restaurants, breweries, and public transportation.

Boundaries: Colfax to 29th; Sheridan to Federal

SOUTHERN HILLS January through March

2017

Average Price

% Change

$645,393

$745,500

15.5%

$390

$454

16.3%

15

32

113.3%

$1,130,000

$1,300,000

15.0%

14

7

-50.0%

97.8%

98.7%

0.9%

Average Price per Square Foot Average Days on Market Highest Price

2018

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

16.3%

January through March 2018, the average price per square foot for the neighborhood of Southern Hills increased by 16.3% compared to that of 2017.

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SOUTHGLENN

14.5%

January through March

2017

Average Price

2018

$398,836

$456,617

14.5%

$239

$283

18.3%

32

8

-75.0%

$516,900

$550,000

6.4%

14

12

-14.3%

98.2%

101.9%

3.8%

Average Price per Square Foot Average Days on Market

The average price for the neighborhood of Southglenn increased by 14.5% January through March 2018 compared to that of 2017.

Highest Price Properties Sold % Sold Price to List Price

% Change

Boundaries: Washington to University; Arapahoe to Dry Creek

STAPLETON January through March

2017

Average Price

$684,013

4.6%

$286

$311

8.8%

89

46

-48.3%

$1,305,332

$1,355,347

3.8%

53

62

17.0%

99.0%

99.5%

0.5%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$653,878

Average Price per Square Foot

Highest Price

2018

Boundaries: Quebec to Havana; 23rd to 40th

2920 Clinton Street, Stapleton

TALLYN’S REACH January through March

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

2017

2018

% Change

$525,885

$545,807

3.8%

$197

$223

13.7%

53

74

39.6%

$1,087,000

$835,000

-23.2%

30

23

-23.3%

97.4%

98.1%

0.7%

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

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UPTOWN January through March Average Price

2017

$460,434

8.6%

$373

$367

-1.5%

26

33

26.9%

$635,000

$900,000

41.7%

33

28

-15.2%

103.5%

98.8%

-4.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$424,091

Average Price per Square Foot

Highest Price

2018

8.6%

The average price per square foot for the neighborhood of Uptown increased by 8.6% January through March 2018 compared to that of 2017.

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

WASHINGTON PARK EAST January through March

2017

Average Price

$1,151,037

$1,262,469

9.7%

$531

$586

10.3%

67

52

-22.4%

$3,090,000

$3,650,000

18.1%

30

24

-20.0%

95.2%

96.3%

1.1%

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

2018

% Change

Boundaries: Lousisana to Ellsworth; Downing to University

857 South High Street, Washington Park East

WASHINGTON PARK WEST January through March Average Price

2017

$694,097

20.9%

$437

$474

8.6%

30

27

-10.0%

$775,000

$1,289,000

66.3%

24

27

12.5%

99.8%

99.3%

-0.5%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$574,339

Average Price per Square Foot

Highest Price

2018

Washington Park is a popular destination for outdoor recreation in Denver with its many running trails, bike paths, yoga spots, and paddle boarding areas.

Boundaries: Louisiana to Ellsworth; Broadway to Downing

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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.

Denver Metro Q1, 2018 Micro Market Report  
Denver Metro Q1, 2018 Micro Market Report