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MICROMARKET REPORT |

Foothills • Quarter 1 2018


FOOTHILLS NEIGHBORHOODS 18

19 14

1 7

6

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

20

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: 580 Packsaddle Trail, 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 Quarter 1 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. 38.9%

price is $520,250

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 year-end Foothills-area Micro Market Report, prepared by LIV Sotheby’s International Realty, year-over-year January through March 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 $520,250, up 38.9% since 2017. Hiwan Hill’s average price also rose, up 28.7% to $610,667 over 2017. Lookout Mountain’s average price rose 17.1%, to $770,958, over 2017. Tanoa’s average price rose a signficant 51.2%, to $1,069,250, over 2017.

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• Hiwan Hill’s average price is $610,667

28.7%

• Lookout Mountain’s average price is $770,958

17.1%

• Tanoa’s average price is $1,069,250

51.2%

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 QUARTER 1 2018 • COLORADOMICROREPORTS.COM


BEAR MOUNTAIN January through March Average Price

2017

$1,089,500

43.5%

$316

$283

-10.4%

301

72

-76.1%

$1,160,000

$1,275,000

9.9%

3

2

-33.3%

88.1%

91.5%

4.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$759,333

Average Price per Square Foot

Highest Price

2018

BROOK FOREST January through March Average Price

2017

$520,250

38.9%

$347

$300

-13.6%

29

68

134.5%

$597,500

$721,000

20.7%

4

4

0.0%

97.4%

97.7%

0.3%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$374,625

Average Price per Square Foot

Highest Price

2018

38.9%

January through March 2018, the average price in the neighborhood of Brook Forest increased by 39.9% compared to that of 2017.

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

2017

2018

% Change

$578,750

$550,000

-5.0%

$232

$259

11.5%

210

5

-97.6%

$840,000

$555,000

-33.9%

6

1

-83.3%

95.2%

105.7%

11.0%

coloradomicroreports.com


31.8%

The average price per square foot for the neighborhood of Evergreen Highlands increased by 31.8% January through March 2018 compared to that of 2017.

EVERGREEN HIGHLANDS January through March

2017

2018

Average Price

$692,500

$598,000

-13.6%

$270

$355

31.8%

17

2

-88.2%

$700,000

$620,000

-11.4%

2

2

0.0%

101.3%

100.0%

-1.2%

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

% Change

EVERGREEN MEADOWS January through March Average Price

2017

$594,500

-0.9%

$207

$240

15.8%

69

44

-36.2%

$760,000

$629,000

-17.2%

7

2

-71.4%

95.8%

95.9%

0.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$599,777

Average Price per Square Foot

Highest Price

2018

EVERGREEN MEADOWS WEST January through March 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

$489,667

$505,250

3.2%

$236

$286

21.1%

21

81

285.7%

$611,000

$545,500

-10.7%

3

2

-33.3%

96.1%

98.6%

2.6%

MICROMARKET REPORT | Foothills livsothebysrealty.com

QUARTER 1 2018 • COLORADOMICROREPORTS.COM


EVERGREEN PARK ESTATES January through March

2017

2018

% Change

Average Price

-

$587,333

-

Average Price per Square Foot

-

$333

-

Average Days on Market

-

5

-

Highest Price

-

$800,000

-

No Sales

3

-

-

108.7%

-

Properties Sold % Sold Price to List Price

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 March

2017

Average Price

% Change

$816,071

$894,755

9.6%

$303

$299

-1.3%

72

81

12.5%

$1,090,000

$1,400,000

28.4%

7

10

42.9%

94.8%

94.5%

-0.3%

Average Price per Square Foot Average Days on Market Highest Price

2018

Properties Sold % Sold Price to List Price

HANGEN RANCH January through March

2017

2018

Average Price

$1,078,917

$684,950

-36.5%

$294

$275

-6.5%

80

156

95.0%

$1,625,000

$779,900

-52.0%

3

2

-33.3%

94.2%

93.7%

-0.6%

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

% Change

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 March Average Price

2017

$795,250

2.6%

$269

$304

13.0%

4

70

1650.0%

$915,000

$850,000

-7.1%

4

6

50.0%

100.4%

99.4%

-1.0%

Average Days on Market

Properties Sold % Sold Price to List Price

28.7%

January through March 2018, the average price for the neighborhood of Hiwan Hills increased by 7.1% compared to that of 2017.

% Change

$775,125

Average Price per Square Foot

Highest Price

2018

HIWAN HILLS January through March Average Price

2017

$610,667

28.7%

$288

$263

-8.8%

6

2

-66.7%

$489,000

$715,000

46.2%

2

3

50.0%

104.1%

101.6%

-2.4%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$474,500

Average Price per Square Foot

Highest Price

2018

LOOKOUT MOUNTAIN January through March

2017

Average Price

$584,500

$770,958

31.9%

$278

$320

15.4%

21

61

190.5%

$675,000

$1,021,401

51.3%

2

4

100.0%

96.6%

96.6%

0.0%

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

QUARTER 1 2018 • COLORADOMICROREPORTS.COM


MT. VERNON COUNTRY CLUB January through March

2017

Average Price

$859,000

$559,000

-34.9%

$296

$289

-2.2%

84

95

13.1%

$859,000

$683,000

-20.5%

1

2

100.0%

97.7%

95.2%

-2.6%

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 March Average Price

2017

$1,030,000

2.0%

$292

$304

4.4%

113

86

-23.9%

$1,500,000

$1,435,000

-4.3%

3

4

33.3%

97.4%

92.1%

-5.4%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$1,009,333

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

2017

2018

% Change

$1,100,000

$963,668

-12.4%

$246

$285

15.7%

130

188

44.6%

$1,100,000

$1,100,000

0.0%

1

2

100.0%

91.9%

91.4%

-0.6%

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2.4%

January through March 2018, the average price per square foot in the neighborhood of Shadow Mountain increased by 2.4% compared to that of 2017.

SHADOW MOUNTAIN January through March

2017

Average Price

$683,040

$377,500

-44.7%

$308

$315

2.4%

59

5

-91.5%

$1,260,000

$505,000

-59.9%

5

2

-60.0%

94.9%

101.5%

6.9%

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

2018

% Change

SODA CREEK January through March Average Price

2017

$1,233,000

-21.4%

$313

$297

-5.1%

184

123

-33.2%

$3,000,000

$200,000

-93.3%

5

5

0.0%

90.4%

92.6%

2.4%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$1,569,000

Average Price per Square Foot

Highest Price

2018

SPRING RANCH January through March

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

2017

2018

% Change

Average Price

-

$1,311,250

-

Average Price per Square Foot

-

$502

-

Average Days on Market

-

23

-

Highest Price

-

$1,450,000

-

No Sales

2

-

-

99.9%

-

Properties Sold % Sold Price to List Price

MICROMARKET REPORT | Foothills livsothebysrealty.com

QUARTER 1 2018 • COLORADOMICROREPORTS.COM


TANOA January through March Average Price

2017

$1,069,250

51.2%

$237

$370

55.8%

79

36

-54.4%

$707,000

$1,375,000

94.5%

1

4

300.0%

96.2%

97.3%

1.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$707,000

Average Price per Square Foot

Highest Price

2018

51.2%

The average price in the neighborhood of Tanoa increased by 51.2% January through March 2018 compared to that of 2017.

UPPER BEAR CREEK January through March

2017

2018

% Change

Average Price

-

$715,000

-

Average Price per Square Foot

-

$295

-

Average Days on Market

-

3

-

Highest Price

-

$715,000

-

No Sales

1

-

-

102.1%

-

Properties Sold % Sold Price to List Price

NUMBER OF STUDENTS PER TEACHER IN EVERGREEN: 18

PERCENTAGE OF HOME APPRECIATION 2017-18: 9%

AVERAGE COMMUTE TIME TO METRO DENVER: 30 MINUTES

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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.

Foothills Q1, 2018 Micro Market Report  
Foothills Q1, 2018 Micro Market Report