MICROMARKET REPORT
FOOTHILLS | Q1 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
9 13
2
9. Tanoa 10.
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
20
8
6. Genesee 7.
18
19
15 3
10 5
16 17
4 11 12 Pictured on cover: 21509 Cabrini Boulevard, Golden
coloradomicroreports.com
FOOTHILLS MARKET UPDATE
Sitting at the base of Colorado’s Rocky Mountains, the Foothills is a collection of neighborhoods within Jefferson County that present residents with the unique opportunity to live near nature while still having access to community conveniences. These 20 different neighborhoods including Genesee, Hiwan Hills, and Lookout Mountain to name a few, offer those who live there scenic landscapes, mountain vistas, and open spaces all within a reasonable driving distance to Denver. LIV Sotheby’s International Realty JEFFERSON COUNTY produces a Foothills Micro Market January through March 2019 2020 % Change Report comparing real estate activity New Listings 2,603 2,748 5.6% for Q1 of 2020 to the same time frame of 2019. The community of Tanoa Sold Listings 1,882 2,055 9.2% saw the most noticeable increase Average Price $458,677 $487,132 6.2% in properties sold, with four homes Average Days on Market 32 32 0.0% sold through March of this year % Sold Price to Original List Price 97.8% 98.5% 0.7% compared to one home sold during Total Dollar Volume Sold $862,771,347 $974,751,050 13.0% the same time period last year, a 300% increase. Other areas saw rises in average home prices, such as Genesee. This community experienced a 31.1% increase in average home prices, making the average price for a listing in this area $1,105,140 in 2020. Evergreen Meadows had a significant decrease in the average days on market. On average during Q1 of this year, homes in this area were on the market for 13.6% less time than they were in Q1 of 2019, bringing the average time a home spent on the market to 76 days. For consumers looking for a Colorado home close to the mountains without committing to the resort lifestyle, the Foothills are an ideal balance of space, nature, and modern conveniences.
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 - MARCH 2020 • COLORADOMICROREPORTS.COM
BEAR MOUNTAIN January through March
Surrounded by pine trees
Average Price
and rolling hills, you are
Average Price per Square Foot
bound to see all kinds of
Average Days on Market
wildlife right outside your
Highest Price
window.
Properties Sold % Sold Price to List Price
2019
2020
% Change
$722,500
-
-100.0%
$267
-
-100.0%
2
-
-100.0%
$722,500
-
-100.0%
1
No Sales
-100.0%
99.7%
-
-100.0%
BROOK FOREST January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$525,000
$585,833
11.6%
$398
$354
-11.0%
5
40
700.0%
$585,000
$675,000
15.4%
2
3
50.0%
101.7%
94.5%
-7.1%
6798 Berry Bush Lane, Evergreen
6.5%
The highest price sold in the neighborhood of
Conifer Mountain increased by 6.5% January through March 2020 compared to that of 2019.
CONIFER MOUNTAIN January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$656,000
$577,400
-12.0%
$206
$402
95.4%
20
62
210.0%
$682,000
$726,000
6.5%
2
5
150.0%
99.8%
98.1%
-1.7%
coloradomicroreports.com
EVERGREEN HIGHLANDS January through March Average Price
2019
2020
% Change
$663,571
-
-100.0%
$341
-
-100.0%
4
-
-100.0%
$770,000
-
-100.0%
3
No Sales
-100.0%
99.7%
-
-100.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
6957 Timbers Drive, Evergreen
13.6%
EVERGREEN MEADOWS January through March Average Price Average Price per Square Foot
The average days on market for the
Average Days on Market
neighborhood of Evergreen Meadows decreased
Highest Price
by 13.6% January through March 2020
Properties Sold
compared to that of 2019.
% Sold Price to List Price
2019
2020
% Change
$684,125
$683,750
-0.1%
$231
$340
46.9%
88
76
-13.6%
$880,000
$850,000
-3.4%
4
6
50.0%
96.9%
94.7%
-2.2%
EVERGREEN MEADOWS WEST January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$776,000
-
-100.0%
$183
-
-100.0%
14
-
-100.0%
$776,000
-
-100.0%
1
No Sales
-100.0%
97.6%
-
-100.0%
Within the Evergreen Meadows area, all residences boast 2+ acre lots that enjoy sweeping views of the Rocky Mountains.
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
EVERGREEN VALLEY ESTATES January through March
2019
2020
% Change
Average Price
-
$758,300
-
Average Price per Square Foot
-
$412
-
Average Days on Market
-
119
-
Highest Price
-
$949,900
-
No Sales
3
-
-
98.1%
-
Properties Sold % Sold Price to List Price
28775 Cragmont Drive, Evergeen
GENESEE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
31.1%
2019
2020
% Change
$842,833
$1,105,140
31.1%
$363
$384
5.7%
25
63
152.0%
The average price in the neighborhood of Genesee
$1,262,500
$3,100,000
145.5%
increased by 31.1% January through March 2020
12
10
-16.7%
compared to that of 2019.
98.6%
93.4%
-5.2%
HANGEN RANCH January through March
Situated ideally, just past
Average Price
Three Sisters’ open space
Average Price per Square Foot
park, Hangen Ranch oers
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 March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
95.5%
2019
2020
% Change
$1,098,600
$729,000
-33.6%
$353
$249
-29.5%
112
5
-95.5%
$1,725,000
$729,000
-57.7%
neighborhood of Hiwan Country Club decreased
5
1
-80.0%
by 95.5% January through March 2020
95.1%
100.0%
5.2%
compared to that of 2019.
The average days on market in the
HIWAN HILLS January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$646,200
$674,167
4.3%
$325
$343
5.5%
20
80
300.0%
$699,999
$712,500
1.8%
5
3
-40.0%
95.9%
98.4%
2.7%
28374 Pipe Bearer Lane, Evergreen
LOOKOUT MOUNTAIN January through March 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
-
-100.0%
$339
-
-100.0%
70
-
-100.0%
$700,000
-
-100.0%
3
No Sales
-100.0%
92.5%
-
-100.0%
Located closely to Lookout Mountain Park, natural scenery and outdoor recreation is just outside your backyard.
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
MT. VERNON COUNTRY CLUB Surrounded by awe-
January through March
inspiring natural beauty,
2019
2020
% Change
Average Price
-
-
-
this neighborhood provides
Average Price per Square Foot
-
-
-
easy access to the highway
Average Days on Market
-
-
-
for mountain adventures or
Highest Price
-
-
-
city entertainment.
Properties Sold
No Sales
No Sales
-
-
-
-
% Sold Price to List Price
RIDGE AT HIWAN January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
19.0%
2019
2020
% Change
$1,181,667
$1,038,333
-12.1%
$323
$385
19.0%
30
50
66.7%
$1,320,000
$1,180,000
-10.6%
neighborhood of Ridge at Hiwan increased by
3
3
0.0%
19.0% January through March 2020 compared to
95.4%
93.8%
-1.7%
that of 2019.
The average price per square foot for the
RIVA CHASE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$847,000
-
-100.0%
$285
-
-100.0%
263
-
-100.0%
$847,000
-
-100.0%
1
No Sales
-100.0%
91.7%
-
-100.0%
22594 Treetop Lane, Golden
coloradomicroreports.com
SHADOW MOUNTAIN January through March
2019
2020
% Change
Average Price
-
$551,800
-
Shadow Mountain, just
Average Price per Square Foot
-
$305
-
west of Evergreen, offers
Average Days on Market
-
52
-
access to many hiking trails
Highest Price
-
$620,000
-
and picnic areas.
No Sales
3
-
-
95.0%
-
Properties Sold % Sold Price to List Price
SODA CREEK January through March
2019
2020
% Change
Average Price
-
$1,851,800
-
Average Price per Square Foot
-
$469
-
Average Days on Market
-
207
-
Highest Price
-
$3,300,000
-
No Sales
5
-
-
92.4%
-
Properties Sold % Sold Price to List Price
497 Meadow Vista Drive, Evergreen
SPRING RANCH January through March
2019
2020
% Change
Average Price
-
-
-
Average Price per Square Foot
-
-
-
Average Days on Market
-
-
-
Highest Price
-
-
-
No Sales
No Sales
-
-
-
-
Properties Sold % Sold Price to List Price
27250 Craig Lane, Golden
MICROMARKET REPORT | Foothills livsothebysrealty.com
JANUARY - MARCH 2020 • COLORADOMICROREPORTS.COM
TANOA January through March
Tanoa residents enjoy area
Average Price
convenience, a beautiful
Average Price per Square Foot
neighborhood and unique
Average Days on Market
homes. Most lots are under
Highest Price
an acre and back to open
Properties Sold
space.
% 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%
UPPER BEAR CREEK January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2019
2020
% Change
$445,000
$607,500
36.5%
$294
$378
28.5%
21
53
152.4%
$530,000
$1,050,000
98.1%
2
2
0.0%
91.5%
97.7%
6.8%
31451 Upper Bear Creak Road, Evergreen
coloradomicroreports.com
The life you love.
livsothebysrealty.com | coloradomicroreports.com Based on Information from REColorado. This representation is based in whole or in part on data supplied by REColorado. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.