QUARTER 2 2022
Micro Market Report DENVER METRO
8 Sunset Drive
1885 E Cedar Avenue
Denver Metro
DENVER METRO NEIGHBORHOODS
MARKET UPDATE
As the market continues to readjust following the burst of real estate activity seen during the pandemic, Denver Metro is experiencing relatively steady levels of homebuying and selling. This slight slowing of the market is providing buyers with more opportunities to find their Denver Metro dream home. The LIV Sotheby’s International Realty’s Q2 Micro Market Report compares real estate real estate data through June of this year compared to the same time frame in 2021. The number of homes sold across the six-county Denver Metro area decreased slightly in comparison to the exponential growth that the market was experiencing last year. Through June of this year, there have been 27,102 single-family homes sold—down 8.9% from 2021. Looking at condominium and townhome sales, there was a 8% decrease in properties sold compared to last year.
was Cherry Hills Village. Properties on more than an acre of land here sold for an average price of $4,555,000—a 13.4% increase from last year. One of the most significant increases in homebuying activity across Denver Metro was seen in Bow Mar where there was an 83.3% increase in real estate sales, totaling 11 homes sold through June of this year. One of the neighborhoods with the most properties sold was Lakewood, where there were 692 homes sold—a 9.5% decrease from the same time frame last year.
1.
Baker
12. City Park
25. Heritage Greens
38. Platt Park
2.
Belmar
13. City Park South
26. Highlands
39. Polo Reserve
3.
Berkeley
14. Columbine Valley
27. Hilltop
40. RiNo
4.
Bonnie Brae / Belcaro
15. Congress Park
28. Homestead
41. Saddle Rock Golf Club
5.
Bow Mar / Bow Mar
16. Cory-Merrill
29. Jefferson Park
42. Sloan’s Lake
South
17. Country Club
30. Ken Caryl North Ranch
43. Southern Hills
6.
Capitol Hill
18. Crestmoor Park
31. Ken Caryl Valley
44. Southglenn
7.
Central Park
19. Denver (City)
32. Lakewood
45. Southmoor Park
8.
Cheesman Park
20. Downtown Denver
33. LoHi
46. Sunnyside
9.
Cherry Creek East /
21. Golden Triangle
34. Lowry
47. Tallyn’s Reach
South
22. Greenwood Village East
35. Montclair
48. Uptown
10. Cherry Creek North
23. Greenwood Village West
36. Observatory Park
49. Washington Park East
11. Cherry Hills Village
24. Hale Mayfair
37. Park Hill
50. Washington Park West
The Denver Metro home market is making its way back to its regularly observed seasonal buying and selling trends. Denver Metro is home to a real estate market that provides opportunities for both homebuyers and sellers to reach their lifestyle goals.
46
3
26
51
40
33
This slight decrease in property sales is a sign that the housing boom is coming to an end and that the market is restabilizing after nearly two years of intense homebuying activity. Through the first half of the year, home values remained strong, and the property sale prices increased by 15%, reaching an average price of $780,808 for single-family homes and $482,890 for condominiums and townhomes. Overall, the total dollar volume sold in Denver Metro through June of this year compared to the same period in 2021 rose by 4.9% to reach a total sale volume of $18,616,880,926. Thanks to demand for the lifestyle that Denver Metro homes can provide, several neighborhoods also saw property prices appreciate. For example, homes in Cherry Creek East & South appreciated in average sale price by 63.7% to reach an average price of $1,267,779. While homes in Denver’s Capitol Hill neighborhood increased in average price by 21.2% through June of this year compared to the same time frame last year, homes here were still among the most affordable in the Denver proper, selling for an average of $466,058. On the other hand, the neighborhood with the highest average sale price
42
29 21
17
2021
2022
% Change
New Listings
34,263
34,006
-0.8%
Sold Listings (All Properties)
29,756
27,102
-8.9%
Sold Listings (Single Family)
20,177
18,561
-8.0%
Sold Listings (Attached)
9,579
8,541
-10.8%
Average Days on Market
15
11
-26.7%
Average Sold Price (Single Family)
$679,016
$780,808
15.0%
Average Sold Price (Attached)
$423,004
$482,890
14.2%
102.9%
103.7%
0.8%
$17,752,452,910
$18,616,880,926
4.9%
% Sold Price to Original List Price Total Dollar Volume Sold
8
6
19
37
13
20 48
DENVER METRO January through June
7
12
15
24
35
27
10
18
9
1
34
2 50 32
49
38
4 16
36
43
45 11 5
Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson
23
14
22
44
28 30 39 31
Based on Information from REColorado. This representation is based in whole or in part on data supplied by REColorado. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.
coloradomicroreports.com
25
47 41
MICRO MARKET REPORT | Denver Metro livsothebysrealty.com
JANUARY - JUNE 2022 • COLORADOMICROREPORTS.COM
DENVER (CITY)
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
January through June
$634,217
$732,307
15.5%
Average Price
$424
$498
17.3%
Average Price Per Square Foot
34
15
-55.9%
$9,000,000
$9,000,000
0.0%
8,427
7,442
-11.7%
100.9%
103.4%
2.5%
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
BAKER
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$589,578
$686,157
16.4%
Average Price
$410
$537
31.0%
Average Price Per Square Foot
23
12
-47.8%
$1,185,000
$1,260,000
6.3%
Highest Price
65
66
1.5%
Properties Sold
103.6%
105.2%
1.5%
% Sold Price to List Price
Boundaries: 6 Avenue to Mississippi; South Platte River to Broadway
76.9%
January through June Average Price Average Price Per Square Foot Average Days on Market
The average number of days on market in
Highest Price
Belmar decreased by 76.9% in the first half
Properties Sold
of 2022 compared to that of 2021.
% Sold Price to List Price
January through June
Average Days on Market
$952,541
20.6%
$623
$736
18.1%
9
7
-22.2%
$1,550,000
$2,565,000
65.5%
91
77
-15.4%
105.4%
108.8%
3.2%
2021
2022
% Change
$1,722,391
$2,113,613
22.7%
$657
$820
24.8%
20
10
-50.0%
$4,895,000
$7,000,000
43.0%
44
34
-22.7%
102.5%
106.4%
3.8%
Designed to resemble a Scottish village, Bonnie Brae / Belcaro features winding tree-lined streets, a circular central park, and a collection of small shops.
Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado
2021
2022
% Change
$469,471
$563,466
20.0%
Average Price
$330
$379
15.0%
Average Price Per Square Foot
26
6
-76.9%
$683,000
$1,195,000
75.0%
Highest Price
22
15
-31.8%
Properties Sold
101.1%
105.3%
4.1%
Boundaries: Kentucky to Alameda; Wadsworth to Pierce
$789,638
January through June
Average Days on Market
% Sold Price to List Price
83.3%
2021
2022
% Change
$2,522,833
$2,304,864
-8.6%
$653
$760
16.4%
24
21
-12.5%
$5,400,000
$5,350,000
-0.9%
The number of properties sold in Bow
6
11
83.3%
Mar / Bow Mar South increased by
101.2%
104.6%
3.3%
Boundaries: West Quincy Avenue to West Bowles Avenue
83.3% in the first half of 2022 compared to that of 2021.
BOW MAR / BOW MAR SOUTH
BELMAR
th
% Change
BONNIE BRAE / BELCARO
Baker, which was designated a historic district by the City of Denver in 2000, is lined with 19th-century brick houses and charming local restaurants and businesses.
2022
Boundaries: W 38th Ave to I-70; Sheridan to Federal
Boundaries: City of Denver
January through June
2021
BERKELEY
January through June
CAPITOL HILL
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
January through June
$384,521
$466,058
21.2%
Average Price
$391
$450
15.1%
Average Price Per Square Foot
30
11
-63.3%
Average Days on Market
$1,950,000
$4,600,000
135.9%
Highest Price
274
209
-23.7%
Properties Sold
99.0%
104.0%
5.0%
% Sold Price to List Price
The average home price per square foot in Central Park increased by 23.4% in the first half of 2022 compared to that of 2021.
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$878,223
$1,043,406
18.8%
Average Price
$376
$464
23.4%
Average Price Per Square Foot
8
8
0.0%
Average Days on Market
$1,975,000
$2,102,000
6.4%
Highest Price
228
196
-14.0%
103.9%
106.2%
2.2%
January through June
Properties Sold % Sold Price to List Price
$1,267,779
63.7%
$450
$547
21.6%
45
20
-55.6%
$4,380,000
$7,875,000
79.8%
99
58
-41.4%
98.5%
101.4%
3.0%
2021
2022
% Change
$1,500,261
$1,972,408
31.5%
$672
$822
22.3%
46
19
-58.7%
$4,000,000
$9,000,000
125.0%
93
86
-7.5%
96.6%
101.0%
4.6%
Boundaries: York to Colorado; 1 Avenue to 6 Avenue st
2021
2022
% Change
$621,204
$571,703
-8.0%
Average Price
$435
$483
10.9%
Average Price Per Square Foot
51
13
-74.5%
Average Days on Market
$4,900,000
$3,250,000
-33.7%
Highest Price
128
80
-37.5%
Properties Sold
99.2%
103.1%
4.0%
Boundaries: York to Downing; Colfax to 8th Avenue
$774,563
Cherry Creek East / South is an affluent residential district with a vibrant shopping scene. Overlooking the creek itself, Cherry Creek Mall has department stores, high-end fashion boutiques, and eclectic eateries.
Boundaries: University to Colorado; Alameda to 1st Avenue
Boundaries: Quebec to Havana; Montview to 64th
January through June
% Change
January through June
% Sold Price to List Price
th
2021
2022
% Change
$2,710,839
$3,346,885
23.5%
$603
$785
30.0%
33
4
-87.9%
$5,000,000
$7,100,000
42.0%
28
27
-3.6%
100.5%
111.9%
11.4%
(Under One Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
87.9%
The average number of days on market
in Cherry Hills Village (under one acre) decreased by 87.9% in the first half of 2022 compared to that of 2021.
CHERRY HILLS VILLAGE
CHEESMAN PARK
23.4%
January through June
2022
CHERRY CREEK NORTH
CENTRAL PARK
Boundaries: Broadway to Downing; 6th Avenue to Colfax
2021
CHERRY CREEK EAST / SOUTH
January through June
CHERRY HILLS VILLAGE
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
$4,016,793
$4,555,000
13.4%
Average Price
$684
$834
22.0%
Average Price Per Square Foot
63
31
-50.8%
$7,850,000
$13,000,000
65.6%
35
20
-42.9%
101.1%
100.4%
-0.8%
(Over One Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
55.6% The average number of days on market in City Park decreased by 55.6% in the first half of 2022 compared to that of
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
January through June
Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
January through June
$854,256
$825,990
-3.3%
Average Price
$496
$563
13.6%
Average Price Per Square Foot
27
12
-55.6%
$1,450,000
$1,565,100
7.9%
Highest Price
61
61
0.0%
Properties Sold
103.0%
104.5%
1.5%
% Sold Price to List Price
Average Days on Market
Boundaries: Downing to York; 18 to Martin Luther King
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$862,505
$1,203,321
39.5%
$556
$620
11.5%
22
3
-86.4%
$1,125,900
$1,720,000
52.8%
9
7
-22.2%
102.9%
112.1%
9.0%
Boundaries: York to Colorado; Colfax to 17th
2022
% Change
$1,804,597
$1,631,000
-9.6%
$509
$520
2.2%
28
9
-67.9%
67.9%
$3,500,000
$2,925,000
-16.4%
The average number of days on market
18
12
-33.3%
100.5%
99.3%
-1.2%
in Columbine Valley decreased by 67.9% in the first half of 2022 compared to that of 2021.
2021
2022
% Change
$723,903
$872,593
20.5%
$510
$607
19.0%
14
7
-50.0%
$2,295,000
$2,175,000
-5.2%
119
115
-3.4%
103.1%
105.7%
2.5%
Boundaries: York to Colorado; 6 Avenue to Colfax th
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$1,142,211
$1,369,325
19.9%
$581
$706
21.6%
18
15
-16.7%
$2,250,000
$3,190,000
41.8%
84
54
-35.7%
102.1%
103.4%
1.2%
Boundaries: South University Blvd to South Colorado Blvd; 1-25 to East Mississippi Ave
Named after John J. Cory and Louise A. Merrill, two influential Denver educators, Cory-Merrill is a popular area for residents looking for a laid-back, family-friendly neighborhood.
CORY-MERRILL
January through June
2021
Boundaries: South Polo Ridge Drive to West Bowles; Platte Canyon Road to South Platte River
th
2021.
CITY PARK SOUTH
2022
CONGRESS PARK
CITY PARK
Average Price
2021
COLUMBINE VALLEY
January through June
COUNTRY CLUB
The average number of days on market in
Country Club decreased by 82.9% in the first half of 2022 compared to that of 2021.
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
January through June
$3,371,782
$2,542,180
-24.6%
$760
$827
8.9%
76
13
-82.9%
Average Days on Market
$6,075,000
$3,900,000
-35.8%
Highest Price
20
11
-45.0%
Properties Sold
97.9%
95.6%
-2.3%
Average Price Average Price Per Square Foot
% Sold Price to List Price
The average home price per square foot in Crestmoor park increased by 32.4% in the
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
first half of 2022 compared to that of 2021.
2022
% Change
January through June
$1,620,700
$2,086,708
28.8%
Average Price
$544
$721
32.4%
Average Price Per Square Foot
7
5
-28.6%
$2,820,000
$4,250,000
50.7%
Highest Price
10
12
20.0%
Properties Sold
102.6%
109.6%
Average Days on Market
% Sold Price to List Price
Boundaries: Holly to Monaco; Bayaud to 6 Avenue
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$733,532
$743,322
1.3%
$584
$573
-1.9%
51
38
-25.5%
Average Days on Market
$5,147,600
$4,100,000
-20.4%
Highest Price Properties Sold
409
341
-16.6%
98.3%
100.2%
2.0%
(Attached Dwellings) Boundaries: Downtown Denver MLS Area
$659,912
19.6%
$397
$450
13.3%
42
28
-33.3%
$1,175,000
$2,085,887
77.5%
40
43
7.5%
97.4%
101.0%
3.7%
2021
2022
% Change
$1,499,389
$1,901,092
26.8%
$445
$620
39.3%
21
5
-76.2%
$2,230,000
$2,522,340
13.1%
27
20
-25.9%
99.7%
109.2%
9.5%
Greenwood Village East contains nationally recognized business parks, like the Denver Tech Center, a variety of delicious restaurants, and the popular Fiddler’s Green Amphitheater.
Boundaries: I-25 to Havana; Belleview to Orchard
th
January through June
$551,953
Boundaries: North Speer Blvd to Broadway; Colfax to 7th
2021
6.8%
% Change
January through June Average Price Average Price Per Square Foot
% Sold Price to List Price
2021
2022
% Change
$2,271,237
$2,440,503
7.5%
$578
$638
10.5%
21
10
-52.4%
$3,600,000
$6,725,000
86.8%
35
32
-8.6%
101.9%
104.7%
2.8%
(Under One Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
86.8% The highest priced home in Greenwood
Village West (under one acre) increased by 86.8% in the first half of 2022 compared to that of 2021.
GREENWOOD VILLAGE WEST
DOWNTOWN DENVER
32.4%
January through June
2022
GREENWOOD VILLAGE EAST
CRESTMOOR PARK
Boundaries: University to Downing 1st - 4th; Race to University 4th - 6th
2021
GOLDEN TRIANGLE
82.9%
January through June
in Greenwood Village West (over one acre) increased by 39.4% in the first half of 2022 compared to that of 2021.
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2022
% Change
January through June
$3,184,455
$3,644,643
14.5%
Average Price
$550
$766
39.4%
Average Price Per Square Foot
34
65
91.2%
Average Days on Market
$5,425,000
$5,950,000
9.7%
11
7
-36.4%
97.5%
95.6%
-1.9%
Highest Price Properties Sold % Sold Price to List Price
38.5%
The average home price per square foot
in Heritage Greens increased by 38.5% in the first half of 2022 compared to that of 2021.
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2022
% Change
January through June
$832,582
$945,691
13.6%
Average Price
$603
$687
14.0%
Average Price Per Square Foot
6
5
-16.7%
Average Days on Market
$1,620,000
$1,995,000
23.1%
Highest Price
58
44
-24.1%
105.7%
107.9%
Properties Sold % Sold Price to List Price
Boundaries: Colorado to Holly; 6 to Colfax
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
$942,616
23.0%
$535
$676
26.3%
23
11
-52.2%
$2,100,000
$2,775,000
32.1%
211
149
-29.4%
101.2%
106.4%
5.1%
52.2%
The average number of days on market
in Highlands decreased by 52.2% in the first half of 2022 compared to that of 2021.
2021
2022
% Change
$1,826,625
$2,355,886
29.0%
$567
$735
29.7%
29
6
-79.3%
$4,500,000
$8,000,000
77.8%
52
45
-13.5%
98.5%
104.9%
6.4%
th
2021
2022
% Change
$1,113,719
$1,427,059
28.1%
Average Price
$330
$457
38.5%
Average Price Per Square Foot
4
4
0.0%
$1,975,000
$2,255,000
14.2%
16
17
6.3%
Properties Sold
104.4%
108.8%
4.2%
% Sold Price to List Price
Boundaries: Dry Creek to County Line; Colorado Blvd to Holly
$766,250
Boundaries: Alameda to 6 ; Colorado to Holly
th
January through June
% Change
Boundaries: W 38th Avenue to Speer Blvd; S Platte River to Federal Blvd
2021
2.1%
2022
January through June
Average Days on Market Highest Price
2021
2022
% Change
$705,229
$818,102
16.0%
$370
$445
20.1%
5
8
60.0%
$1,508,000
$2,044,116
35.6%
73
55
-24.7%
105.9%
107.6%
1.6%
Boundaries: Colorado to Quebec; Arapahoe to Dry Creek
16.0%
The average home price in Homestead increased by 16.0% in the first half of 2022 compared to that of 2021.
HOMESTEAD
Hale Mayfair is a mature neighborhood located in East Denver with close proximity to both Rose Hospital and National Jewish Hospital. Here you will find a variety of large Victorian homes surrounded by many restaurants and cafes.
2021
HILLTOP
HALE MAYFAIR
(Over One Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
HERITAGE GREENS
GREENWOOD VILLAGE WEST
The average home price per square foot
Average Price
2021
HIGHLANDS
39.4%
January through June
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold
2022
% Change
January through June
$590,671
$807,490
36.7%
Average Price
$443
$576
30.2%
Average Price Per Square Foot
41
13
-68.3%
$1,100,000
$1,705,000
55.0%
Highest Price
92
58
-37.0%
Properties Sold
100.4%
105.1%
4.7%
2021
2022
% Change
$621,434
$741,525
19.3%
$388
$468
20.7%
10
8
-20.0%
$3,200,000
$2,800,000
-12.5%
765
692
-9.5%
105.0%
106.0%
0.9%
Average Days on Market
% Sold Price to List Price
Boundaries: Federal Blvd to S Platte River; South of 29th Ave & Speer Blvd, North of Mile High Stadium
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Boundaries: City of Lakewood
2021
2022
% Change
January through June
$1,527,500
$1,772,250
16.0%
Average Price
$401
$447
11.4%
Average Price Per Square Foot
7
3
-57.1%
Average Days on Market
$1,820,000
$2,127,500
16.9%
Highest Price
12
6
-50.0%
102.4%
107.0%
4.5%
The average home price in Ken Caryl Valley increased by 38.6% in the first
half of 2022 compared to that of 2021.
Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Sold Price to List Price
$773,800
$969,003
25.2%
$529
$655
23.8%
25
12
-52.0%
$2,100,000
$2,775,000
32.1%
177
111
-37.3%
100.9%
105.4%
4.6%
Boundaries: W 38 Avenue to I-25; Speer Blvd to Zuni Street th
2021
2022
% Change
$918,606
$1,273,360
38.6%
Average Price
$368
$477
29.8%
Average Price Per Square Foot
4
4
0.0%
$1,612,000
$2,070,000
28.4%
Highest Price
26
25
-3.8%
Properties Sold
102.8%
109.4%
6.4%
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Carly Ave
% Change
January through June
Average Days on Market
% Sold Price to List Price
2021
2022
% Change
$914,081
$1,224,920
34.0%
$364
$456
25.1%
14
15
7.1%
$1,436,000
$3,260,000
127.0%
31
25
-19.4%
101.1%
106.6%
5.5%
Boundaries: Quebec to Unita; Alameda to 11th
The Lower Highlands, LoHi for short, is an area admired for its hip restaurants, renovated bungalows, and an ice cream shop in a giant milk can. A hot spot for entertainment, retail shops, and bars, it is well-known as one of the most inclusive neighborhoods in all of Denver.
34.0% The average home price in Lowry
increased by 34.0% in the first half of 2022 compared to that of 2021.
LOWRY
38.6%
Average Price
2022
Properties Sold
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
January through June
2021
LOHI
KEN CARYL VALLEY
Average Price
% Sold Price to List Price
KEN CARYL NORTH RANCH
JEFFERSON PARK
With both new residential and commercial developments, Jefferson Park offers a mix of both young professionals and families.
2021
LAKEWOOD
January through June
MONTCLAIR
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
January through June
$861,006
$1,022,692
18.8%
Average Price
$542
$636
17.2%
Average Price Per Square Foot
13
8
-38.5%
$1,895,000
$2,430,000
28.2%
Highest Price
67
61
-9.0%
Properties Sold
102.8%
104.4%
1.6%
Average Days on Market
% Sold Price to List Price
54.1%
The average number of days on market in Observatory Park decreased by 54.1% in the first half of 2022 compared to that of 2021.
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2022
% Change
$1,816,312
$2,258,616
24.4%
Average Price
$562
$710
26.5%
Average Price Per Square Foot
37
17
-54.1%
Average Days on Market
$3,757,900
$4,200,000
11.8%
50
31
-38.0%
98.9%
102.7%
3.9%
January through June
Highest Price Properties Sold % Sold Price to List Price
$1,131,676
20.0%
$696
$765
9.9%
8
8
0.0%
$1,965,000
$2,525,000
28.5%
43
58
34.9%
104.1%
107.9%
3.6%
2021
2022
% Change
$2,875,000
$2,315,000
-19.5%
$499
$627
25.8%
60
3
-95.0%
$3,900,000
$2,315,000
-40.6%
5
1
-80.0%
94.9%
100.7%
6.0%
Polo Reserve is a luxury, gated community located in Littleton. The name “Polo Reserve” comes from the polo field and equestrian center within the gated community.
Boundaries: North of Mineral; South of Arabian Place; West of the S Platte River; East of S. Platte Canyon Road
2021
2022
% Change
$946,563
$1,106,509
16.9%
Average Price
$598
$712
19.1%
Average Price Per Square Foot
10
9
-10.0%
$4,000,000
$3,812,500
-4.7%
Highest Price
108
120
11.1%
Properties Sold
106.0%
108.7%
2.5%
% Sold Price to List Price
Boundaries: Colfax to 26th; Colorado to Quebec
$943,271
January through June
Average Days on Market
2021
2022
% Change
$494,795
$642,155
29.8%
$436
$519
19.0%
23
11
-52.2%
$985,000
$1,000,000
1.5%
59
39
-33.9%
101.3%
103.8%
2.4%
Boundaries: I-25 to York St; South of I-70; North of Park Ave; East of Lawrence St to 40th Avenue
29.8% The average home price in RiNo increased by 29.8% in the first half of 2022 compared to that of 2021.
RINO
PARK HILL
January through June
% Change
Boundaries: Broadway to Downing; Louisiana to Evans
2021
Boundaries: University to Colorado; Evans to Yale
2022
POLO RESERVE
OBSERVATORY PARK
Boundaries: Holly to Quebec; 6th to Colfax
2021
PLATT PARK
January through June
SLOAN’S LAKE
The number of properties sold in the City of Denver increased by 7.8% January through
Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
The average home price in Southern Hills increased by 19.6% in the first half of 2022 compared to that of 2021.
% Change
January through June
$936,721
$1,096,602
17.1%
$623
$704
12.9%
Average Price Per Square Foot
21
9
-57.1%
Average Days on Market
$2,500,000
$2,500,000
0.0%
74
67
-9.5%
103.4%
104.0%
0.5%
Average Price
Highest Price Properties Sold % Sold Price to List Price
2022
% Change
$1,050,000
$1,031,978
-1.7%
$330
$478
45.0%
25
12
-52.0%
$1,050,000
$1,424,350
35.7%
21
21
0.0%
104.1%
107.9%
3.6%
2021
2022
% Change
$729,026
$876,083
20.2%
$550
$629
14.3%
10
8
-20.0%
$1,600,000
$1,875,000
17.2%
135
130
-3.7%
104.2%
105.9%
1.7%
45.0%
The average price per square foot in
Southmoor Park increased by 45.0% in the first half of 2022 compared to that of 2021.
Boundaries: Colfax to 29th; Sheridan to Federal
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
January through June
$1,142,400
$1,365,887
19.6%
Average Price
$567
$660
16.4%
Average Price Per Square Foot
6
8
33.3%
Average Days on Market
$2,060,000
$2,525,000
22.6%
Highest Price
32
30
-6.3%
Properties Sold
104.6%
104.2%
-0.4%
% Sold Price to List Price
Boundaries: University to Colorado; Yale to Hampden
The charming and entertaining Streets of Southglenn are one of the best spots in the Denver Metro area. Located in Centennial, Southglenn brings an urban feel out to the suburbs.
2021
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
Boundaries: Federal Blvd to Inca St; W 38th Ave to I-70
2021
2022
% Change
$624,159
$693,467
11.1%
Average Price
$326
$351
7.5%
Average Price Per Square Foot
6
7
16.7%
Average Days on Market
$765,914
$900,000
11.1%
Highest Price
24
31
29.2%
Properties Sold
107.1%
104.1%
-2.8%
% Sold Price to List Price
Boundaries: Colorado to University; Arapahoe to Dry Creek
January through June
2021
2022
% Change
$703,171
$842,997
19.9%
$269
$313
16.3%
9
10
11.1%
$1,400,000
$1,365,000
-2.5%
79
55
-30.4%
103.5%
105.5%
2.0%
Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470
19.9% The average home price in Tallyn’s Reach increased by 19.9% in the first half of 2022 compared to that of 2021.
TALLYN’S REACH
SOUTHGLENN
19.6%
2022
SUNNYSIDE
SOUTHERN HILLS
June 2021 compared to that of 2019.
2021
SOUTHMOOR PARK
7.8%
January through June
UPTOWN
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$552,306
$620,902
12.4%
Average Price
$426
$509
19.5%
Average Price Per Square Foot
35
13
-62.9%
Average Days on Market
$3,100,000
$1,570,000
-49.4%
Highest Price
130
110
-15.4%
Properties Sold
99.4%
104.5%
5.1%
WASHINGTON PARK WEST
WASHINGTON PARK EAST
Boundaries: North of Colfax, East of Broadway, South of 20th, 20th & Park to 19th; West of Josephine
28.6%
% Sold Price to List Price
2021
2022
% Change
$857,235
$1,033,488
20.6%
$593
$734
23.8%
14
8
-42.9%
$2,050,000
$3,600,000
75.6%
131
118
-9.9%
104.2%
108.0%
3.7%
20.6%
The average home price in the area of
West Highlands increased by 20.6% in the first half of 2022 compared to that of 2021.
Boundaries: 38th Avenue; Federal to Sheridan
WHY COLORADO? January through June Average Price Average Price Per Square Foot Average Days on Market
The average days on market in
Highest Price
Washington Park East decreased by
Properties Sold
28.6% in the first half of 2022 compared
% Sold Price to List Price
to that of 2021.
January through June
2021
2022
% Change
$1,723,065
$2,153,632
25.0%
$731
$916
25.3%
28
20
-28.6%
$4,375,000
$5,450,000
24.6%
82
70
-14.6%
101.7%
104.7%
2.9%
Boundaries: Louisiana to Ellsworth, Downing to University
January through June Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2021
2022
% Change
$913,582
$1,088,172
19.1%
$599
$685
14.4%
11
9
-18.2%
$2,505,000
$3,250,000
29.7%
104
87
-16.3%
104.6%
107.2%
2.5%
Boundaries: Louisiana to Ellsworth; Broadway to Downing
04 07 28 300 350+ NATIONAL PARKS
AVG DAYS OF SUNSHINE
MOUNTAIN RANGES
CRAFT BREWERIES
SKI AREAS & RESORTS
WEST HIGHLANDS
East of Downtown and just north of Capitol Hill rests Denver’s Uptown—a vibrant urban area prized for its sports bars, black box theaters, and delightful mix of traditional and inventive culinary fare lining 17th Avenue, aptly named “Restaurant Row.”
for new horizons
303.893.3200 | livsothebysrealty.com
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MICRO MARKET REPORT | Denver Metro JANUARY - JUNE 2022 • COLORADOMICROREPORTS.COM