Foothills Year End 2019 Micro Market Report

MICROMARKET REPORT

FOOTHILLS | YEAR END 2019

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: 24503 Chris Drive, Evergreen

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FOOTHILLS MARKET UPDATE Located at the base of the beautiful Rocky Mountains, the Foothills place residents in a prime position to benefit from proximity to the Front Range, incredible views, and scenic spaces, all without being too far from the amenities of the Denver Metro area. Neighborhoods in the Foothills, Jefferson County, span from Genesee, to Hiwan Hills, to Lookout Mountain.

LIV Sotheby’s International Realty produces a Foothills Micro Market Report comparing year-end real estate activity for 2019 to the same time frame of 2018. As a whole, Jefferson County saw a notable increase in sold listings in 2019 compared to 2018 with the number of sold homes growing by 4.5%. Even more impressive, the total dollar volume sold in 2019 increased by 7.8% bringing the year-end total to $4,915,019,905 for all of Jefferson County. Over the course of last year, the amount of new listings also rose by 3.8%, bringing 11,935 new homes onto the market in 2019.

Three neighborhoods within the Foothills’ real estate market saw an increase in properties sold by over 60%. Evergreen Highlands experienced the largest increase in sold properties, finishing out the year with an 80% growth in properties sold, increasing from 10 homes sold in 2018 to 18 homes sold in 2019.

Following that, Conifer Mountain’s number of sold listings last year rose by 73.3%, growing from 15 homes sold in 2018 to 26 homes sold last year. Furthermore, Riva Chase’s sold properties increased from five sold homes in 2018 to eight homes sold during 2019, a 60% rise in total.

JEFFERSON COUNTY

January through December

2018

2019

% Change

New Listings

11,780

11,935

3.8%

Sold Listings

10,055

10,267

4.5%

$462,609

$479,000

2.7%

23

27

23.1%

100.00%

99.00%

-1.1%

$4,649,219,861

$4,915,019,905

7.8%

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

Ridge at Hiwan, a community that backs up to large open space, saw the largest increase in the highest-priced listing sold from 2018 to 2019. In 2018, the highest-priced home sold in this neighborhood was purchased for $1,630,000 but in 2019, the highest sale for this area was $2,475,000.

The average days on market within the Mt. Vernon Country Club neighborhood decreased the most out of all the communities within the Foothills. The average days a home in this area spent on the market in 2019 was 20 days, down 70.6% from 2018 where the average days on market was 68.

Neighborhoods within the Foothills each have their own distinct characteristics that make them great places to buy and sell homes. Situated at the crossroads of natural commodities and a quiet community, this area is perfect for people looking for their own mountain escape.

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 - DECEMBER 2019 • COLORADOMICROREPORTS.COM

10.0% The average price per square foot for the

neighborhood of Bear Mountain increased by 10.0% January through December 2019 compared to that of 2018.

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

2018

2019

% Change

$904,113

$917,407

1.5%

$317

$349

10.0%

53

115

117.0%

$1,900,000

$1,450,000

-23.7%

15

7

-53.3%

96.8%

96.8%

0.0%

BROOK FOREST January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$463,465

$462,661

-0.2%

$303

$316

4.1%

37

33

-10.8%

$721,000

$585,000

-18.9%

27

28

3.7%

98.0%

96.6%

-1.4%

6837 Berry Bush Lane, Evergreen

4.4%

The average price for the neighborhood of Conifer Mountain increased by 4.4% January through

December 2019 compared to that of 2018.

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

2018

2019

% Change

$634,727

$662,342

4.4%

$311

$302

-2.8%

23

45

95.7%

$895,000

$1,104,500

23.4%

15

26

73.3%

99.0%

96.8%

-2.3%

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

2018

2019

% Change

$642,100

$716,934

11.7%

$316

$321

1.6%

16

29

81.3%

$771,500

$1,000,000

29.6%

10

18

80.0%

99.5%

98.0%

-1.5%

6383 Little Cub Creek Road, Evergreen

EVERGREEN MEADOWS January through December

All residences within

Average Price

Evergreen Meadows

Average Price per Square Foot

boast 2+ acre lots that

Average Days on Market

enjoy sweeping views

Highest Price

of the Rocky Mountains.

Properties Sold % Sold Price to List Price

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

2018

2019

% Change

$730,028

$747,101

2.3%

$254

$294

15.9%

25

46

84.0%

$1,045,000

$1,400,000

34.0%

24

25

4.2%

97.6%

95.9%

-1.7%

2018

2019

% Change

$527,468

$621,864

17.9%

$289

$282

-2.6%

28

18

-35.7%

35.7%

$716,650

$815,000

13.7%

neighborhood of Evergreen Meadows West

11

11

0.0%

decreased by 35.7% January through December

101.6%

96.7%

-4.9%

2019 compared to that of 2018.

The average days on market for the

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33.3% The number of properties sold for the

neighborhood of Evergreen Park Estates increased by 33.3% January through December 2019 compared to that of 2018.

EVERGREEN PARK ESTATES January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$598,111

$598,329

0.0%

$309

$312

0.7%

16

19

18.8%

$875,000

$820,000

-6.3%

9

12

33.3%

102.3%

97.8%

-4.4%

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

2018

2019

% Change

$882,769

$1,012,136

14.7%

$345

$364

5.5%

55

51

-7.3%

$1,555,000

$2,175,000

39.9%

49

50

2.0%

96.2%

97.1%

0.9%

2195 Foothills Drive, Golden

HANGEN RANCH January through December

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

2018

2019

% Change

$1,033,100

$1,050,360

1.7%

$354

$390

10.1%

70

131

87.1%

$3,000,000

$1,630,000

-45.7%

9

5

-44.4%

96.5%

93.6%

-3.0%

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HIWAN GOLF CLUB January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$856,546

$884,147

3.2%

$310

$311

0.4%

36

54

50.0%

$1,800,000

$1,725,000

-4.2%

25

17

-32.0%

98.1%

95.4%

-2.7%

15.8% The average price per square foot for the

neighborhood of Hiwan Hills increased by 15.8% January through December 2019 compared to that of 2018.

3.2%

The average price for the neighborhood of Hiwan

Golf Club increased by 3.2% January through December 2019 compared to that of 2018.

HIWAN HILLS January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$638,868

$671,540

5.1%

$251

$291

15.8%

13

18

38.5%

$835,000

$920,000

10.2%

19

25

31.6%

98.1%

98.1%

-0.1%

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

2018

2019

% Change

$748,521

$739,500

-1.2%

$319

$338

5.8%

31

77

148.4%

$1,021,401

$1,000,000

-2.1%

16

9

-43.8%

98.1%

94.2%

-4.0%

21509 Cabrini Boulevard, Golden

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94.6% The average price per square foot for the

neighborhood of Mt. Vernon Country Club increased by 94.6% January through December 2019 compared to that of 2018.

MT. VERNON COUNTRY CLUB January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

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

2018

2019

% Change

$703,320

$618,700

-12.0%

$270

$525

94.6%

68

20

-70.6%

$878,600

$637,500

-27.4%

5

2

-60.0%

96.9%

99.8%

3.0%

2018

2019

% Change

The Ridge at Hiwan offers

$1,117,871

$1,159,146

3.7%

multiple homes that back

$328

$342

4.3%

to open space where it

37

33

-10.8%

is a common site to see

$1,630,000

$2,475,000

51.8%

a herd of elk lounging

21

26

23.8%

in yards throughout the

96.6%

96.0%

-0.6%

neighborhood.

RIVA CHASE January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

2019

% Change

$1,025,967

$989,713

-3.5%

$264

$340

28.6%

98

133

35.7%

$1,400,000

$1,800,000

28.6%

5

8

60.0%

85.1%

92.2%

8.4%

22264 Anasazi Way, Golden

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

2.7%

2018

2019

% Change

$489,273

$502,559

2.7%

$288

$293

1.7%

28

27

-3.6%

$772,500

$925,000

19.7%

The average price for the neighborhood of Shadow

12

11

-8.3%

Mountain increased by 2.7% January through

96.6%

97.9%

1.4%

December 2019 compared to that of 2018.

SODA CREEK January through December

Soda Creek’s lot sizes

Average Price

are typically larger than

Average Price per Square Foot

most North Evergreen

Average Days on Market

neighborhoods with an

Highest Price

average of five plus acres.

Properties Sold % Sold Price to List Price

2018

2019

% Change

$1,329,785

$1,361,300

2.4%

$321

$412

28.5%

124

87

-29.8%

$2,212,500

$1,820,000

-17.7%

13

7

-46.2%

94.1%

92.2%

-2.1%

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

2018

2019

% Change

$1,253,904

$1,526,667

21.8%

$396

$427

7.8%

81

97

19.8%

$1,500,925

$2,000,000

33.3%

6

3

-50.0%

96.9%

92.1%

-4.9%

821 Elk Rest Road, Evergreen

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

2018

2019

% Change

$985,400

$949,950

-3.6%

$352

$307

-12.8%

30

124

313.3%

$1,375,000

$950,000

-30.9%

5

2

-60.0%

98.6%

88.6%

-10.2%

30865 Tanoa Road, Evergreen

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

The Upper Bear Creek area

2018

2019

% Change

is rich in history - Troutdale

$1,001,000

$706,000

-29.5%

in the Pines, a posh resort

$358

$273

-23.6%

hotel, catered to Hollywood

65

105

61.5%

movie stars and America’s

$2,150,000

$1,375,000

-36.0%

elite in the 1920s and

8

5

-37.5%

served as a vacation spot

94.5%

89.5%

-5.3%

for Denverites escaping the summer heat.

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MICROMARKET REPORT | Foothills

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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.