Foothills Micro Market Reports | Year End 2021

YEAR-END 2021

Micro Market Report FOOTHILLS

34750 Fox Ridge Road

4128 Wild Flower Court

Foothills

MARKET UPDATE

Offering equestrian estates, gorgeous custom homes, quaint mountain cabins, and everything in between, the Foothills is a classic Colorado community that offers scenic views and a nearness to nature that few areas along the Front Range can rival. Situated at the base of the Rocky Mountains, within Jefferson County, the neighborhoods here boast unbeatable views and frequent visits from the state’s local wildlife.

Throughout 2021, the Foothills has seen significant increases in real estate activity that benefit both buyers and sellers in the area.

the Foothills may find their ideal home in Brook Forest, where the average price for a home in 2021 was $596,548.

LIV Sotheby’s International Realty produced a Micro Market Report comparing real estate data from 2021 to 2020. Homes in the Foothills appreciated in value by 18.9%, increasing the average price for all property types from $521,731 in 2020 to $620,545 in 2021. This increase in average sale price boosted the total dollar volume sold in Jefferson County by 17.2%, bringing the total to $7,259,130,844.

Balancing open spaces, scenic views, and easy access to both Denver and the mountains, it’s no wonder so many homebuyers wish to invest in the Foothills lifestyle.

Thanks to the lifestyle that the Foothills provides to its residents, the area has become increasingly popular with homebuyers. Several neighborhoods within the community saw the number of properties sold rise over the last year.

Shadow Mountain, a lovely community located in Conifer with proximity to hiking trails and Staunton State Park, saw one of the most notable increases in the number of homes sold last year. This neighborhood saw 55.5% more homes sold in 2021 than 2020, reaching a total of 14 properties sold. Evergreen Highlands and Lookout Mountain also saw significant increases in property sales last year, rising by 54.5% and 44.4% respectively.

Looking at average home prices, Spring Ranch, an area encompassing 360 acres of pine and aspen trees, reported one of the highest increases in average property prices.

The average price of homes here rose by 49.3%, bringing the average price in this community to $2,084,000. Homes located in the Soda Creek neighborhood reached the highest average price out of all communities within the Foothills with an average price of $2,217,117 – 21.7% higher than the average price in 2020. Buyers looking for more affordable homes in

The continued demand for properties in the Foothills resulted in an increased market pace throughout 2021. For example, homes in Conifer Mountain remained on the market for an average of just 11 days last year, which is 65.6% less time than 2020. Buyers looking to take their time in a slightly slower market may find success in Riva Chase, where the average time spent on the market for homes was 90 days in 2021.

FOOTHILLS January through December

2020

2021

% Change

New Listings

12,603

12,350

-2.0%

Sold Listings (All Properties)

11,870

11,698

-1.5%

Average Price (All Properties)

$521,731

$620,545

18.9%

Average Price (Single Family)

$588,843

$705,523

19.8%

22

12

-45.5%

100.0%

102.5%

2.5%

Average Days on Market % Sold Price to Original List Price

Counties: Jefferson

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.

coloradomicroreports.com

FOOTHILLS

NEIGHBORHOODS 1.

Bear Mountain

6. Evergreen Meadows West

11. Hiwan Hills

16. Shadow Mountain

2. Brook Forest

7.

12. Lookout Mountain

17. Soda Creek

3. Conifer Mountain

8. Genesee

13. Mt. Vernon Country Club

18. Spring Ranch

4. Evergreen Highlands

9. Hangen Ranch

14. Ridge at Hiwan

19. Tanoa

5. Evergreen Meadows

10. Hiwan Country Club

15. Riva Chase

20. Upper Bear Creek

Evergreen Park Estates

13 17

12

18 15 19

8

10 14 11 20 1 9

7 4

2 6

5

16 3

MICRO MARKET REPORT | Foothills livsothebysrealty.com

JANUARY - DECEMBER 2021 • COLORADOMICROREPORTS.COM

BEAR MOUNTAIN BROOK FOREST CONIFER MOUNTAIN

Bear Mountain, perched at 8,629 feet in elevation on the eastern side of Evergreen, provides residents with the quintessential Colorado lifestyle experience. This serene community is located approximately 35 minutes west of Denver.

53.8% The highest sale price in Brook Forest

January through December

2020

2021

% Change

$965,080

$1,312,266

36.0%

$354

$454

28.4%

61

29

-52.5%

$1,600,000

$2,825,000

76.6%

10

15

50.0%

% Sold Price to List Price

97.4%

101.4%

4.1%

January through December

2020

2021

% Change

$498,174

$596,548

19.7%

$349

$429

23.0%

18

12

-33.3%

$682,500

$1,050,000

53.8%

29

40

37.9%

98.1%

101.9%

4.0%

2020

2021

% Change

$629,955

$819,819

30.1%

$398

$364

-8.5%

32

11

-65.6%

$970,000

$1,400,000

44.3%

20

27

35.0%

102.6%

103.0%

0.4%

Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold

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

increased by 53.8% in 2021 compared

Properties Sold

to that of 2020.

% Sold Price to List Price

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

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

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

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

% Change

$763,982

$968,404

26.8%

$335

$448

33.4%

10

7

-30.0%

$1,241,800

$1,350,000

8.7%

11

17

54.5%

101.3%

104.7%

3.4%

2020

2021

% Change

$825,369

$977,013

18.4%

$321

$400

24.7%

44

18

-59.1%

$1,300,000

$1,400,000

7.7%

25

31

24.0%

97.6%

100.1%

2.6%

2020

2021

% Change

$663,158

$870,410

31.3%

$350

$467

33.6%

12

13

8.3%

$1,300,000

$1,220,000

-6.2%

12

10

-16.7%

100.8%

102.6%

1.8%

54.5% The number of properties sold in Evergreen Highlands increased by 54.5% in 2021 compared to that of 2020.

33.6% The average price per square foot in Evergreen Meadows West increased by 33.6% in 2021 compared to that of 2020.

EVERGREEN MEADOWS WEST

January through December

2021

EVERGREEN MEADOWS

January through December

2020

EVERGREEN HIGHLANDS

January through December

EVERGREEN PARK ESTATES

83.3%

January through December Average Price Average Price Per Square Foot Average Days on Market

The average days on market in Evergreen

Highest Price

Park Estates decreased by 83.3% in 2021

Properties Sold

compared to that of 2020.

% Sold Price to List Price

January through December

GENESEE

Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold

HANGEN RANCH

% Sold Price to List Price

Hangen Ranch is a small neighborhood located in South Evergreen, providing a mix of modern, mountain and old-farm-style homes.

With views of Mt. Evans and only minutes from Evergreen Lake, Hangen Ranch is perfect for those looking to enjoy the outdoors.

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

2020

2021

% Change

$666,113

$755,400

13.4%

$378

$474

25.5%

48

8

-83.3%

$949,900

$1,105,000

16.3%

8

10

25.0%

100.7%

105.2%

4.5%

2020

2021

% Change

$1,081,422

$1,323,067

22.3%

$391

$475

21.6%

51

16

-68.6%

$3,300,000

$2,384,000

-27.8%

50

47

-6.0%

95.7%

101.7%

6.3%

2020

2021

% Change

$1,343,000

$1,257,370

-6.4%

$531

$545

2.7%

31

24

-22.6%

$2,926,000

$1,922,222

-34.3%

6

6

0.0%

98.4%

98.2%

-0.2%

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

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

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

% Change

$945,058

$1,176,733

24.5%

$363

$451

24.3%

40

18

-55.0%

$1,407,000

$2,675,000

90.1%

25

18

-28.0%

98.2%

100.1%

1.9%

2020

2021

% Change

$716,043

$958,119

33.8%

$368

$439

19.1%

20

6

-70.0%

$870,000

$1,386,850

59.4%

24

18

-25.0%

99.8%

106.5%

6.7%

2020

2021

% Change

$1,060,313

$1,207,846

13.9%

$409

$498

21.9%

41

21

-48.8%

$1,550,000

$1,915,000

23.5%

9

13

44.4%

99.3%

102.7%

3.5%

Situated in one of Colorado’s finest golf communities, Hiwan Country Club in Evergreen is a private country club with gorgeous homes, views, and plenty of amenities.

59.4% The highest sale price in Hiwan Hills increased by 59.4% in 2021 compared to that of 2020.

48.8% The average days on market in Lookout Mountain decreased by 48.8% in 2021 compared to that of 2020.

LOOKOUT MOUNTAIN

January through December

2021

HIWAN HILLS

January through December

2020

HIWAN COUNTRY CLUB

January through December

MT. VERNON COUNTRY CLUB

RIDGE AT HIWAN 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

84.9%

January through December Average Price Average Price Per Square Foot Average Days on Market

The average days on market in Ridge

Highest Price

at Hiwan decreased by 84.9% in 2021

Properties Sold

compared to that of 2020.

% Sold Price to List Price

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

2020

2021

% Change

$863,200

$801,600

-7.1%

$376

$378

0.5%

8

30

275.0%

$1,176,000

$1,044,500

-11.2%

5

7

40.0%

99.0%

98.6%

-0.4%

2020

2021

% Change

$1,129,142

$1,477,514

30.9%

$351

$424

20.8%

53

8

-84.9%

$1,685,000

$2,600,000

54.3%

31

25

-19.4%

94.4%

102.3%

8.3%

2020

2021

% Change

$1,114,955

$1,346,324

20.8%

$340

$441

29.8%

91

90

-1.1%

$1,370,000

$1,850,000

35.0%

11

8

-27.3%

93.6%

96.5%

3.1%

% Change

$643,489

$688,123

6.9%

$379

$411

8.3%

39

15

-61.5%

$1,192,000

$1,240,000

4.0%

9

14

55.6%

% Sold Price to List Price

98.1%

101.1%

3.0%

January through December

2020

2021

% Change

$1,821,943

$2,217,117

21.7%

$411

$483

17.5%

140

39

-72.1%

$3,450,000

$4,775,150

38.4%

21

15

-28.6%

90.3%

94.6%

4.7%

2020

2021

% Change

$1,395,667

$2,084,000

49.3%

$361

$527

45.8%

120

21

-82.5%

$1,675,000

$2,495,000

49.0%

6

5

-16.7%

94.5%

95.1%

0.6%

Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold

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

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

55.6% The number of properties sold in Shadow Mountain increased by 55.6% in 2021 compared to that of 2020.

Soda Creek, located in North Evergreen, is known for its great location, neighborhood ambiance, and lot sizes (fiveplus acres).

49.3%

The average price in Spring Ranch

increased by 49.3% in 2021 compared to that of 2020.

SPRING RANCH

2021

SODA CREEK

2020

SHADOW MOUNTAIN

January through December

TANOA

86.2%

The average days on market in Tanoa

decreased by 86.2% in 2021 compared

UPPER BEAR CREEK

to that of 2020.

January through December

2020

2021

% Change

$1,112,200

$1,094,000

-1.6%

$384

$448

16.6%

94

13

-86.2%

$2,300,000

$1,600,000

-30.4%

5

5

0.0%

% Sold Price to List Price

97.0%

102.5%

5.7%

January through December

2020

2021

% Change

$1,148,566

$1,437,778

25.2%

$371

$487

31.1%

82

29

-64.6%

$2,970,000

$2,970,000

0.0%

10

9

-10.0%

95.7%

98.6%

3.1%

Average Price Average Price Per Square Foot Average Days on Market Highest Price Properties Sold

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

among the trees Your home is more than a building or an address. It’s where you experience life, family, connection, growth. Your home should be as exceptional as you are, and as you are going to be. For a lifestyle inspired by your potential, there is only LIV Sotheby’s International Realty.

303.893.3200 | livsothebysrealty.com

MICRO MARKET REPORT | Foothills JANUARY - DECEMBER 2021 • COLORADOMICROREPORTS.COM