Foothills Year End 2017 Micro Market Report

MICROMARKET REPORT |

Foothills • 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: 34503 Upper Bear Creek Road, Evergreen

coloradomicroreports.com

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 January-December 2017 Highlights: benefits of living in the foothills, is that you are that much closer to the • Hangen Ranch’s average area ski resorts, which makes it easy to avoid much of the city traffic 30.4% price is $883,821 headed west any given day.

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 December statistics for single family homes and attached dwellings demonstrated growth in all areas across the board. Highlights from the Foothills area include Hangen Ranch’s average price rising to $883,821, up 30.4% since 2016. Soda Creek’s average price also rose significantly, up 18.9% to $1,463,631 over 2016. Mt. Vernon Country Club’s average price rose 17.1%, to $719,633, over 2016.

livsothebysrealty.com

• Evergreen Meadows’ average price is $629,403

8.5%

• Mt. Vernon Country Club’s average price is $719,633

17.1%

• Soda Creek’s average price is $1,463,631

18.9%

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 2018 • COLORADOMICROREPORTS.COM

BEAR MOUNTAIN January through December Average Price

2016

$770,725

-2.6%

$236

$334

41.8%

40

131

227.5%

$1,057,000

$1,400,000

32.5%

6

13

116.7%

96.1%

94.2%

-1.9%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$791,133

Average Price per Square Foot

Highest Price

2017

BROOK FOREST January through December Average Price

2016

$459,307

29.9%

$278

$253

-9.0%

21

34

61.9%

$485,000

$1,800,000

271.1%

27

27

0.0%

97.9%

97.5%

-0.3%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$353,515

Average Price per Square Foot

Highest Price

2017

29.9%

January through December 2017, the average price in the neighborhood of Brook Forest increased by 29.9% compared to that of 2016.

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

2016

2017

% Change

$510,506

$545,596

6.9%

$246

$265

7.5%

40

72

80.0%

$862,500

$840,000

-2.6%

31

25

-19.4%

97.8%

96.6%

-1.2%

coloradomicroreports.com

11.1%

The average price per square foot for the neighborhood of Evergreen Highlands increased by 11.1% January through December 2017 compared to that of 2016.

EVERGREEN HIGHLANDS January through December Average Price

2016

$610,408

3.5%

$241

$268

11.1%

42

24

-42.9%

$715,000

$735,000

2.8%

8

12

50.0%

95.6%

99.4%

4.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$589,600

Average Price per Square Foot

Highest Price

2017

EVERGREEN MEADOWS January through December Average Price

2016

$629,403

8.5%

$224

$245

9.3%

33

37

12.1%

$890,000

$1,038,780

16.7%

33

30

-9.1%

96.7%

96.9%

0.2%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$580,295

Average Price per Square Foot

Highest Price

2017

EVERGREEN MEADOWS WEST January through December 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

2016

2017

% Change

$507,424

$540,462

6.5%

$208

$270

29.3%

72

94

30.6%

$1,231,400

$730,000

-40.7%

17

13

-23.5%

97.1%

95.6%

-1.6%

MICROMARKET REPORT | Foothills livsothebysrealty.com

2018 • COLORADOMICROREPORTS.COM

EVERGREEN PARK ESTATES January through December

2016

Average Price

% Change

$540,521

$552,375

2.2%

$282

$309

9.5%

46

28

-39.1%

$1,000,000

$850,000

-15.0%

14

8

-42.9%

96.2%

99.3%

3.1%

Average Price per Square Foot Average Days on Market Highest Price

2017

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 December

2016

Average Price

% Change

$747,913

$930,432

24.4%

$290

$329

13.8%

70

63

-10.0%

$1,675,000

$2,500,000

49.3%

56

46

-17.9%

96.1%

93.6%

-2.6%

Average Price per Square Foot Average Days on Market Highest Price

2017

Properties Sold % Sold Price to List Price

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

2016

2017

% Change

$678,000

$883,821

30.4%

$271

$305

12.4%

87

54

-37.9%

$880,000

$1,625,000

84.7%

5

7

40.0%

93.4%

96.0%

2.8%

30.4%

The average price in the neighborhood of Hangen Ranch increased by 30.4% January through December 2017, compared to that of 2016.

coloradomicroreports.com

HIWAN COUNTRY CLUB January through December Average Price

2016

$759,824

4.8%

$291

$294

0.9%

40

41

2.5%

$1,275,000

$1,195,000

-6.3%

25

17

-32.0%

97.1%

97.9%

0.8%

Average Days on Market

Properties Sold % Sold Price to List Price

7.1%

January through December 2017, the average price per square foot for the neighborhood of Hiwan Hills increased by 7.1% compared to that of 2016.

% Change

$725,286

Average Price per Square Foot

Highest Price

2017

HIWAN HILLS January through December Average Price

2016

$583,529

14.5%

$283

$303

7.1%

17

35

105.9%

$872,000

$810,000

-7.1%

24

14

-41.7%

99.2%

98.0%

-1.2%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$509,443

Average Price per Square Foot

Highest Price

2017

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

2016

2017

% Change

$680,826

$699,789

2.8%

$289

$288

-0.5%

52

63

21.2%

$980,000

$1,035,000

5.6%

19

19

0.0%

96.4%

95.2%

-1.3%

MICROMARKET REPORT | Foothills livsothebysrealty.com

2018 • COLORADOMICROREPORTS.COM

MT. VERNON COUNTRY CLUB January through December

2016

Average Price

$719,633

17.1%

$260

$365

40.3%

39

35

-10.3%

$681,000

$859,000

26.1%

4

3

-25.0%

91.4%

99.7%

9.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$614,625

Average Price per Square Foot

Highest Price

2017

RIDGE AT HIWAN January through December Average Price

2016

$939,664

0.6%

$297

$290

-2.2%

68

100

47.1%

$1,800,000

$1,850,000

2.8%

24

28

16.7%

96.2%

95.2%

-1.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$934,250

Average Price per Square Foot

Highest Price

2017

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

2016

2017

% Change

$869,167

$897,429

3.3%

$257

$277

7.5%

116

39

-66.4%

$1,100,000

$1,175,000

6.8%

12

7

-41.7%

95.5%

96.9%

1.5%

coloradomicroreports.com

23.7%

January through December 2017, the average price per square foot in the neighborhood of Shadow Mountain increased by 23.7% compared to that of 2016.

SHADOW MOUNTAIN January through December Average Price

2016

$542,885

39.3%

$221

$274

23.7%

36

74

105.6%

$692,500

$1,260,000

81.9%

18

20

11.1%

93.6%

96.3%

3.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$389,836

Average Price per Square Foot

Highest Price

2017

SODA CREEK January through December

2016

2017

Average Price

$1,231,146

$1,463,631

18.9%

$302

$326

7.9%

95

202

112.6%

$2,913,550

$3,000,000

3.0%

14

16

14.3%

90.3%

92.5%

2.4%

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

47.6%

The average price in the neighborhood of Spring Ranch increased by 47.6% January through December 2017 compared to that of 2016.

% Change

SPRING RANCH January through December

2016

Average Price

$1,107,000

$1,633,560

47.6%

$316

$378

19.6%

72

208

188.9%

$1,290,000

$2,332,800

80.8%

4

5

25.0%

93.0%

92.3%

-0.7%

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

2017

% Change

MICROMARKET REPORT | Foothills livsothebysrealty.com

2018 • COLORADOMICROREPORTS.COM

TANOA January through December Average Price

2016

$710,125

-8.9%

$235

$291

24.0%

43

39

-9.3%

$1,135,000

$1,000,000

-11.9%

5

8

60.0%

96.0%

96.7%

0.7%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$779,400

Average Price per Square Foot

Highest Price

2017

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

2016

2017

% Change

$714,800

$978,063

36.8%

$280

$500

78.3%

88

44

-50.0%

$930,000

$1,860,000

100.0%

5

3

-40.0%

94.0%

96.4%

2.5%

NUMBER OF STUDENTS PER TEACHER IN EVERGREEN: 18

36.8%

The average price in the neighborhood of Upper Bear Creek increased by 36.8% January through December 2017 compared to that of 2016.

PERCENTAGE OF HOME APPRECIATION 2016-17: 9%

AVERAGE COMMUTE TIME TO METRO DENVER: 30 MINUTES

coloradomicroreports.com

WE ARE.

THE VOICE OF COLORADO REAL ESTATE

414 Humphrey Drive, Evergreen

15

930 69

21,000

1

Exceptional Brand

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.