Foothills Mid Year 2020 Micro Market Report

MICROMARKET REPORT

FOOTHILLS | MID-YEAR 2020

FOOTHILLS

NEIGHBORHOODS 1.

Soda Creek

2.

Upper Bear Creek

3.

Hangen Ranch

4.

Shadow Mountain

5.

Brook Forest

14

1

6 7

Ridge at Hiwan

8.

Hiwan Country Club

Evergreen Valley Estates

11.

Evergreen Meadows West

12.

Conifer Mountain

13.

Hiwan Hills

14.

Spring Ranch

15.

Bear Mountain

16.

Evergreen Highlands

17.

Evergreen Meadows

18.

Lookout Mountain

19.

Mt. Vernon Country Club

20.

Riva Chase

W r e h i s

9 13

2

9. Tanoa 10.

20

8

6. Genesee 7.

18

19

15 3

L p R f t

10 5

T n a r d

16

S s t t 2 p

17 4 11 12 Pictured on cover: 2176 Island Point, Evergreen

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S c t i s

FOOTHILLS MARKET UPDATE The Foothills is a community, within Jefferson County, that incorporate 20 unique neighborhoods such as Genesee, Hiwan Hills, and Lookout Mountain to name a few. Situated at the base of the Rocky Mountains, this area boasts beautiful mountain landscapes, room to roam and explore, as well as communities full of life and cultural happenings - all within a short drive to Denver.

With social distancing more top-of-mind than ever, homes with access to fresh air and outdoor recreation have become priorities for many consumers. Following the spring, when the real estate market was briefly put on hold, demand for homes in Colorado, JEFFERSON COUNTY including properties in the Foothills, has January through June 2019 2020 % Change skyrocketed.

LIV Sotheby’s International Realty produces a Foothills Micro Market Report comparing real estate metrics from January through June of 2020 to the same time period in 2019.

New Listings

6,727

6,010

-10.7%

Sold Listings

4,859

4,432

-8.8%

$477,153

$496,161

4.0%

25

25

0.0%

99.8%

100.0%

0.2%

$2,315,625,870

$21,989,872

-99.1%

Average Price Average Days on Market % Sold Price to Original List Price Total Dollar Volume Sold

Soda Creek and Genesee saw the most significant increases in average price through June of this year. Soda Creek’s average home price grew by 56.9% for the seven homes that sold this year compared to three in 2019, increasing from an average price of $1,114,700 in 2019 to $1,749,143 in 2020. Genesee’s average price increased by 6.3%, landing at an average price of $1,052,800 for 2020.

Several neighborhoods had an upward trend in the number of properties sold so far this year compared to last year. There have been four home sales so far in 2020 in Tanoa, three more than were sold through June of 2019, a 300% increase. Spring Ranch experiences a 200% increase in home sales, increasing from one home sold through June of 2019 to three homes sold so far in 2020.

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 | Foothills livsothebysrealty.com

JANUARY - JUNE 2020 • COLORADOMICROREPORTS.COM

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

2019

2020

% Change

$980,463

$1,003,250

2.3%

$294

$313

6.7%

92

132

43.5%

$1,450,000

$1,600,000

10.3%

4

4

0.0%

96.5%

89.5%

-7.3%

24503 Chris Drive, Evergreen

BROOK FOREST January through June Average Price

2020

% Change

$489,154

$512,981

4.9%

$312

$326

4.5%

24

24

0.0%

$585,000

$675,000

15.4%

The highest price in the neighborhood of Brook

13

14

7.7%

Forest increased by 15.4% January through

99.1%

97.1%

-2.0%

June 2020 compared to that of 2019.

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

22.6%

The average price per square foot in the

neighborhood of Conifer Mountain increased by 22.6% January through June 2020 compared to that of 2019.

15.4%

2019

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

2019

2020

% Change

$728,313

$561,875

-22.9%

$279

$342

22.6%

37

74

100.0%

$1,000,000

$726,000

-27.4%

8

8

0.0%

98.1%

98.2%

0.1%

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

2019

2020

% Change

Tucked in the mountains

$751,535

$697,667

-7.2%

west of Denver, alpine

$336

$333

-1.0%

meadows, cool forests and

9

8

-11.1%

brilliant wildflowers create

$1,000,000

$775,000

-22.5%

a natural backdrop for this

9

3

-66.7%

thriving community.

100.0%

98.3%

-1.7%

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

2019

2020

% Change

$717,750

$683,750

-4.7%

$259

$340

31.4%

34

76

123.5%

$1,050,000

$850,000

-19.0%

10

6

-40.0%

96.1%

95.1%

-1.0%

28775 Cragmont Drive, Evergreen

EVERGREEN MEADOWS WEST January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$615,083

$628,260

2.1%

$272

$307

13.0%

12

26

116.7%

2.1%

$815,000

$815,000

0.0%

The average price in the neighborhood of Evergreen

6

6

0.0%

Meadows West increased by 2.1% January through

99.0%

98.0%

-1.0%

June 2020 compared to that of 2019.

MICROMARKET REPORT | Foothills livsothebysrealty.com

JANUARY - JUNE 2020 • COLORADOMICROREPORTS.COM

EVERGREEN PARK ESTATES

15.8%

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

The highest price sold in the neighborhood of

Evergreen Park Estates increased by 15.8% January through June 2020 compared to that of 2019.

Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$657,167

$685,980

4.4%

$304

$350

15.3%

11

74

572.7%

$820,000

$949,900

15.8%

6

5

-16.7%

100.0%

98.7%

-1.3%

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

2019

2020

% Change

$990,127

$1,052,800

6.3%

$349

$378

8.2%

56

57

1.8%

$2,150,000

$3,100,000

44.2%

26

18

-30.8%

97.0%

94.6%

-2.4%

23491 Morning Rose Drive, Golden

HANGEN RANCH January through June

Situated ideally, just past

Average Price

Three Sisters’ open space

Average Price per Square Foot

park, Hangen Ranch offers

Average Days on Market

large home lots and horse-

Highest Price

friendly zoning.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$1,465,000

$550,000

-62.5%

$440

$515

17.0%

284

43

-84.9%

$1,630,000

$550,000

-66.3%

2

1

-50.0%

87.4%

98.2%

12.4%

coloradomicroreports.com

HIWAN COUNTRY CLUB January through June

2020

% Change

$917,833

$947,583

3.2%

$309

$336

8.7%

59

17

-71.2%

$1,725,000

$1,240,000

-28.1%

The average days on market in the neighborhood of

12

6

-50.0%

Hiwan Country Club decreased by 71.2% January

95.9%

98.9%

3.1%

through June 2020 compared to that of 2019.

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

71.2%

2019

Properties Sold % Sold Price to List Price

20.6%

HIWAN HILLS January through June Average Price Average Price per Square Foot Average Days on Market

The average price per square foot in the neighborhood

Highest Price

of Hiwan Hills increased by 20.6% January through

Properties Sold

June 2020 compared to that of 2019.

% Sold Price to List Price

2019

2020

% Change

$673,133

$673,750

0.1%

$283

$342

20.6%

15

35

133.3%

$920,000

$848,000

-7.8%

15

8

-46.7%

98.5%

99.2%

0.7%

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

2019

2020

% Change

$601,000

$1,250,000

108.0%

$339

$257

-24.1%

70

113

61.4%

$700,000

$1,250,000

78.6%

3

1

-66.7%

92.5%

89.3%

-3.4%

Bear Mountainn Ranch, Golden

MICROMARKET REPORT | Foothills livsothebysrealty.com

JANUARY - JUNE 2020 • COLORADOMICROREPORTS.COM

MT. VERNON COUNTRY CLUB Surrounded by awe-

January through June

inspiring natural beauty,

Average Price

this neighborhood provides

Average Price per Square Foot

easy access to the highway

Average Days on Market

for mountain adventures

Highest Price

or city entertainment.

Properties Sold % Sold Price to List Price

2019

2020

% Change

$690,000

-

-

$348

-

-

14

-

-

$690,000

-

-

1

No Sales

-

99.3%

-

-

THE RIDGE AT HIWAN January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$1,128,060

$1,113,571

-1.3%

$338

$323

-4.4%

31

57

83.9%

$1,450,000

$1,310,000

-9.7%

13

7

-46.2%

96.9%

93.8%

-3.2%

29371 Camelback Lane, Evergreen

84.3%

RIVA CHASE January through June Average Price Average Price per Square Foot Average Days on Market

The average days on market in the neighborhood

Highest Price

of Riva Chase decreased by 84.3% January

Properties Sold

through June 2020 compared to that of 2019.

% Sold Price to List Price

2019

2020

% Change

$1,325,667

$1,205,500

-9.1%

$312

$360

15.5%

121

19

-84.3%

$1,800,000

$1,251,000

-30.5%

3

2

-33.3%

84.5%

95.5%

13.1%

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

2019

2020

% Change

$520,750

$527,600

1.3%

Shadow Mountain, just

$280

$346

23.5%

west of Evergreen, offers

4

83

1975.0%

access to many hiking

$597,250

$620,000

3.8%

trails and picnic areas.

4

4

0.0%

101.6%

94.9%

-6.6%

133.3%

SODA CREEK January through June Average Price Average Price per Square Foot Average Days on Market

The number of properties sold in the neighborhood

Highest Price

of Soda Creek increased by 133.3% January through

Properties Sold

June 2020 compared to that of 2019.

% Sold Price to List Price

2019

2020

% Change

$1,114,700

$1,749,143

56.9%

$435

$418

-3.8%

72

160

122.2%

$1,305,000

$3,300,000

152.9%

3

7

133.3%

92.9%

92.7%

-0.2%

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

2019

2020

% Change

$2,000,000

$1,514,667

-24.3%

$551

$423

-23.2%

40

18

-55.0%

$2,000,000

$1,675,000

-16.3%

1

3

200.0%

100.0%

98.3%

-1.7%

27250 Craig Lane, Golden

MICROMARKET REPORT | Foothills livsothebysrealty.com

JANUARY - JUNE 2020 • COLORADOMICROREPORTS.COM

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

2019

2020

% Change

$949,900

$815,250

-14.2%

$359

$342

-4.8%

126

86

-31.7%

$949,900

$915,000

-3.7%

1

4

300.0%

98.0%

98.2%

0.2%

31483 Morning Star Drive, Evergreen

UPPER BEAR CREEK January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2019

2020

% Change

$706,000

$738,333

4.6%

$273

$325

18.9%

105

40

-61.9%

$1,375,000

$1,050,000

-23.6%

5

3

-40.0%

89.5%

95.5%

6.6%

4.6%

The average price in the neighborhood of Upper Bear Creek increased by 4.6% January through June 2020 compared to that of 2019.

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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.