Foothills Mid-Year, 2018 Micro Market Report

MICROMARKET REPORT |

Foothills • Mid-Year 2018

FOOTHILLS NEIGHBORHOODS 18

19 14

1 7

6

20

8

13

10 5

2.

Upper Bear Creek

3.

Hangen Ranch

4.

Shadow Mountain

5.

Brook Forest

7.

Ridge at Hiwan

8.

Hiwan Country Club

9. Tanoa

15 3

Soda Creek

6. Genesee

9 2

1.

16 17

4 11 12

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

Pictured on cover: 6383 Little Cub Creek Road, Evergreen

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FOOTHILLS market update Paralleling the Front Range Mountains, Foothills communities including Evergreen, Golden, and Genesee offer some of the best city and mountain living Colorado has to offer. Many residents live and work in their mountain community, while others work in Denver but prefer the tranquility of a home on a hillside among the evergreen trees.

Natives refer to these areas as the “foothills” because they are small mountains compared to the Rockies further west. One of the biggest Mid-Year 2018 Highlights: benefits of living in the foothills, is that you are that much closer to the area ski resorts, which makes it easy to avoid much of the city traffic • Brook Forest’s average headed west any given day.

12.0%

price is $469,333

Artists of all types flock to these foothill communities, inspired by the natural beauty of the Colorado landscape. Photographers, writers, musicians and architects draw stimulation from the rocks, trees, wildlife and natural surroundings affiliated with foothills-living.

In the mid-year Foothills-area Micro Market Report, prepared by LIV Sotheby’s International Realty, year-over-year January through June statistics for single family homes and attached dwellings demonstrated growth in many areas across the board. Highlights from the Foothills area include Brook Forest’s average price rising to $469,333, up 12% since 2017. Hiwan Hill’s average price also rose, up 21.3% to $634,250 over 2017. Lookout Mountain’s average price rose 13.7%, to $763,666, over 2017. Tanoa’s average price rose 15.5%, to $985,400, over 2017.

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• Hiwan Hill’s average price is $634,250

21.3%

• Lookout Mountain’s average price is $763,666

13.7%

• Tanoa’s average price is $985,400

15.5%

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 MID -YEAR 2018 • COLORADOMICROREPORTS.COM

BEAR MOUNTAIN January through June Average Price

2017

$1,189,640

75.8%

$334

$304

-9.1%

182

35

-80.8%

$1,160,000

$1,900,000

63.8%

5

5

0.0%

92.0%

95.7%

4.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$676,600

Average Price per Square Foot

Highest Price

2018

BROOK FOREST January through June Average Price

2017

$469,333

12.0%

$329

$292

-11.3%

20

43

115.0%

$728,300

$721,000

-1.0%

12

9

-25.0%

99.7%

98.6%

-1.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$418,892

Average Price per Square Foot

Highest Price

2018

12.0%

January through June 2018, the average price in the neighborhood of Brook Forest increased by 12.0% compared to that of 2017.

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

2017

2018

% Change

$561,731

$685,667

22.1%

$274

$297

8.2%

109

14

-87.2%

$840,000

$840,000

0.0%

13

6

-53.8%

97.0%

100.3%

3.4%

coloradomicroreports.com

47.7%

The average price per square foot for the neighborhood of Evergreen Highlands increased by 47.7% January through June 2018 compared to that of 2017.

EVERGREEN HIGHLANDS January through June

2017

Average Price

$605,250

-7.8%

$252

$372

47.7%

12

4

-66.7%

$700,000

$650,000

-7.1%

3

4

33.3%

101.4%

100.7%

-0.7%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$656,667

Average Price per Square Foot

Highest Price

2018

EVERGREEN MEADOWS January through June Average Price

2017

$738,036

17.8%

$245

$244

-0.4%

44

21

-52.3%

$1,038,780

$1,010,000

-2.8%

17

14

-17.6%

95.9%

97.5%

1.7%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$626,689

Average Price per Square Foot

Highest Price

2018

EVERGREEN MEADOWS WEST January through June Average Price

All residences within Evergreen Meadows boast 2+ acre lots that enjoy sweeping views of the Rocky Mountains.

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

2017

2018

% Change

$533,714

$523,500

-1.9%

$244

$304

24.9%

11

47

327.3%

$730,000

$640,000

-12.3%

7

5

-28.6%

98.1%

102.7%

4.7%

MICROMARKET REPORT | Foothills livsothebysrealty.com

MID -YEAR 2018 • COLORADOMICROREPORTS.COM

EVERGREEN PARK ESTATES January through June

2017

Average Price

$685,000

$548,286

-20.0%

$282

$304

7.8%

4

17

325.0%

$685,000

$800,000

16.8%

1

7

600.0%

100.0%

103.5%

3.5%

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

2018

% Change

Evergreen Park Estates is a quiet area. Most home sites are between 1-2 acres and have wooded lots. This area is convenient to Three Sisters’ open space park and is about 10 minutes or less to area shopping.

GENESEE January through June

2017

Average Price

$964,280

$908,835

-5.7%

$316

$357

13.0%

63

51

-19.0%

$2,500,000

$1,478,000

-40.9%

25

24

-4.0%

92.7%

97.2%

4.9%

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

2018

% Change

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

2017

2018

% Change

$990,438

$771,380

-22.1%

$274

$326

19.3%

63

66

4.8%

$1,625,000

$926,000

-43.0%

4

5

25.0%

95.2%

97.6%

2.6%

Situated ideally, just past Three Sisters’ open space park, Hangen Ranch offers large home lots and horse-friendly zoning.

coloradomicroreports.com

HIWAN COUNTRY CLUB January through June Average Price

2017

$867,375

11.0%

$318

$318

-0.1%

3

38

1166.7%

$916,000

$1,800,000

96.5%

8

12

50.0%

101.1%

99.1%

-2.0%

Average Days on Market

Properties Sold % Sold Price to List Price

21.3%

January through June 2018, the average price for the neighborhood of Hiwan Hills increased by 21.3% compared to that of 2017.

% Change

$781,125

Average Price per Square Foot

Highest Price

2018

HIWAN HILLS January through June

2017

Average Price

$523,000

$634,250

21.3%

$294

$245

-16.7%

11

4

-63.6%

$620,000

$750,000

21.0%

3

6

100.0%

102.8%

100.9%

-1.8%

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

2018

% Change

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

2017

2018

% Change

$671,625

$763,666

13.7%

$283

$335

18.6%

40

34

-15.0%

$838,500

$1,021,401

21.8%

8

8

0.0%

96.4%

98.6%

2.3%

MICROMARKET REPORT | Foothills livsothebysrealty.com

MID -YEAR 2018 • COLORADOMICROREPORTS.COM

MT. VERNON COUNTRY CLUB January through June

2017

Average Price

$804,500

$559,000

-30.5%

$306

$289

-5.3%

46

95

106.5%

$859,000

$683,000

-20.5%

2

2

0.0%

99.6%

95.2%

-4.4%

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

2018

% Change

RIDGE AT HIWAN January through June Average Price

2017

$1,084,154

17.3%

$280

$329

17.4%

84

37

-56.0%

$1,500,000

$1,435,000

-4.3%

8

13

62.5%

97.1%

96.7%

-0.4%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$924,135

Average Price per Square Foot

Highest Price

2018

The Ridge at Hiwan, conveniently located near I-70, offers residences easy access to rolling hills, open spaces, ponds, and miles of trails.

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

2017

2018

% Change

$879,333

$963,668

9.6%

$254

$285

12.1%

49

188

283.7%

$1,100,000

$1,100,000

0.0%

3

2

-33.3%

96.9%

91.4%

-5.7%

coloradomicroreports.com

3.3%

January through June 2018, the percent sold price to list price in the neighborhood of Shadow Mountain increased by 3.3% compared to that of 2017.

SHADOW MOUNTAIN January through June Average Price

2017

$496,625

-14.0%

$294

$276

-6.2%

67

19

-71.6%

$1,260,000

$772,500

-38.7%

10

4

-60.0%

96.3%

99.5%

3.3%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$577,220

Average Price per Square Foot

Highest Price

2018

SODA CREEK January through June

2017

2018

Average Price

$1,451,318

$1,357,700

-6.5%

$327

$326

-0.4%

185

136

-26.5%

$3,000,000

$2,212,500

-26.3%

11

11

0.0%

92.7%

93.9%

1.3%

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

% Change

SPRING RANCH Located at an elevation of 7,464 feet, Spring Ranch provides 3 plus acre lots, stately homes, and breathtaking mountain views.

January through June

2017

Average Price

$1,553,333

$1,249,606

-19.6%

$398

$419

5.5%

318

119

-62.6%

$2,100,000

$1,500,925

-28.5%

3

4

33.3%

92.6%

95.3%

3.0%

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

2018

% Change

MICROMARKET REPORT | Foothills livsothebysrealty.com

MID -YEAR 2018 • COLORADOMICROREPORTS.COM

TANOA January through June

2017

Average Price

$853,500

$985,400

15.5%

$279

$352

26.4%

40

30

-25.0%

$1,000,000

$1,375,000

37.5%

2

5

150.0%

98.1%

98.6%

0.5%

Average Price per Square Foot Average Days on Market Highest Price

2018

Properties Sold % Sold Price to List Price

% Change

15.5%

The average price in the neighborhood of Tanoa increased by 15.5% January through June 2018 compared to that of 2017.

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

2017

2018

% Change

$1,860,000

$800,500

-57.0%

$1,042

$327

-68.6%

74

32

-56.8%

$1,860,000

$950,000

-48.9%

1

4

300.0%

93.0%

98.8%

6.3%

NUMBER OF STUDENTS PER TEACHER IN EVERGREEN: 18

PERCENTAGE OF HOME APPRECIATION 2017-18: 9%

AVERAGE COMMUTE TIME TO METRO DENVER: 30 MINUTES

coloradomicroreports.com

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DESIGN.

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SHOP.

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The life you love.

coloradomicroreports.com | livsothebysrealty.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.