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MICROMARKET REPORT |

Denver Metro • Mid-Year 2019


DENVER METRO NEIGHBORHOODS 7 11 10

6

4 3

35 14 15 34 13 19 20 33 16 21 32 12 31 17 22 23 30

45

36

37 43 38

42

44

18 29 28 27 5 26

39

9 25 2

8

54

40

53

41

1

24

46

47 48 52

49

50

51

1.

Ken Caryl Valley

28.

Southern Hills

2.

Ken Caryl North Ranch

29.

Observatory Park

3. Lakewood

30. Cory-Merrill

4. Belmar

31.

Cherry Creek South/East

5.

Bow Mar/Bow Mar South

32.

Cherry Creek North

6.

Sloan’s Lake

33.

Congress Park

7. Berkeley

34.

City Park South

8.

Polo Reserve

35.

City Park

9.

Columbine Valley

36.

Park Hill

10. LoHi

37.

Hale Mayfair

11. Highlands

38. Hilltop

12. Baker

39.

13.

40. Homestead

Golden Triangle

Greenwood Village East

14. Downtown

41.

Heritage Greens

15. Uptown

42. Crestmoor

16.

Denver (City)

43. Montclair

17.

Washington Park West

44. Lowry

18.

Platt Park

45. Stapleton

19.

Capitol Hill

46.

Lone Tree

20. Cheesman

47.

Castle Pines North

21.

Country Club

48.

The Village Castle Pines

22.

Washington Park East

49.

The Meadows

23.

Bonnie Brae/Belcaro

50.

Keene Ranch

24.

Highlands Ranch

51.

Bell Mountain Ranch

25. Southglenn

52.

Pradera & Timbers

26.

Greenwood Village West

53.

Tallyn’s Reach

27.

Cherry Hills Village

54.

Saddle Rock Golf Club

Pictured on cover: 1070 N Humboldt Street

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DENVER METRO market update Denver Metro is consistently ranked as one of the best places in the country to live, offering an unbeatable lifestyle with ideal weather, panoramic mountain views, and an acclaimed food and beverage scene. The economy is also strong in Denver Metro, with more businesses planting their roots in the area, thus bringing in more people from out of state for new opportunities. LIV Sotheby’s International Realty provides a Micro Market Report, analyzing the various neighborhoods that complete the Denver Metro area. The 2019 Mid-Year Report looks at real estate performance for January through June of this year, compared to January through June of 2018. Collectively, new listings increased by 6.5% this year bringing the 2019 total to 36,424 new listings. Total dollar volume sold increased by 2.3% and average price also increased similarly by 2.5%, bringing the 2019 average

DENVER METRO

price for all of Denver Metro to $479,274. Interestingly, average days on market increased which means that buyers are in a great position heading into the rest of the year, granted with a little more time to make real estate decisions. That said, the average days on market is still below 30 days which means sellers are still able to benefit and buyers still need to act fairly quickly.

January through June

2018

% Change

New Listings

34,214

36,424

6.5%

Sold Listings (All Properties)

25,915

25,878

-0.1%

Sold Single Family

18,185

18,199

0.1%

7,730

7,679

-0.7%

$467,646

$479,274

2.5%

23

29

26.1%

99.8%

98.3%

-1.5%

$12,119,042,030

$12,402,655,534

2.3%

Sold Attached Dwellings

Across the diverse Denver Metro neighborhoods, there are notable increases in average price

2019

Average Price

including an impressive 33.6% increase for Cherry Creek North, bringing the average price

Average Days on Market

to $1,386,222 in 2019 from $1,037,616 in 2018. The number of properties sold increased in

% Sold Price to Original List Price

many neighborhoods as well, with the most notable being a 48.5% increase for Observatory

Total Dollar Volume Sold

Park with 49 properties sold so far in 2019 compared to 33 in 2018. Denver Metro continues to attract buyers from both within and outside of the state of

Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson Attached Dwellings Include: Condos, Townhomes, and Duplexes

Colorado. The 2019 Mid-Year Report proves a consistently healthy market for real estate. Buyers do have a unique advantage with average days on market increasing in some areas, meaning more time to make real estate decisions. Sellers continue to have an advantage with increases in average price and average price per square foot.

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.

MICROMARKET REPORT | Denver Metro 2019 • COLORADOMICROREPORTS.COM


DENVER (CITY) January through June Average Price

2018 $509,190

$528,381

3.8%

$296

$306

3.4%

23

30

30.4%

$8,000,000

$10,750,000

34.4%

7,064

6,995

-1.0%

99.6%

97.9%

-1.7%

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

% Change

2019

Boundaries: City of Denver

1616 14th Street #1E, Denver

BAKER January through June Average Price

2018 $519,789

$514,183

-1.1%

$390

$391

0.2%

45

92

104.4%

$940,000

$775,000

-17.6%

57

56

-1.8%

100.8%

97.9%

-2.9%

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

% Change

2019

Baker is known for its bustling streets lined with vintage fashion boutiques, eclectic restaurants, and many brewpubs and bars perfect for live music and dancing.

Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway

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

2018

% Change

2019

$898,286

961,864

7.1%

$321

$347

8.0%

158

124

-21.5%

$1,200,000

$1,695,000

41.3%

14

11

-21.4%

96.7%

97.1%

0.5%

Boundaries: I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle

750 Bold Sun Circle, Bell Mountain Ranch

coloradomicroreports.com


36.8%

The properties sold for the neighborhood of Belmar increased by 36.8% January through June 2019 compared to that of 2018.

BELMAR January through June

2018

Average Price

$446,792

$450,846

0.9%

$271

$270

-0.6%

25

47

88.0%

$1,125,000

$750,000

-33.3%

19

26

36.8%

99.0%

97.0%

-2.0%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Boundaries: Kentucky to Alameda; Wadsworth to Pierce

BERKELEY January through June

2018

Average Price

$619,642

$642,295

3.7%

$481

$507

5.3%

19

20

5.3%

$1,302,611

$1,375,000

5.6%

95

79

-16.8%

99.5%

99.0%

-0.5%

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

% Change

2019

Boundaries: 38th to I-70; Sheridan to Federal

4404 Wolff Street, Berkeley

13.9%

The average price for the Bonnie Brae/Belcaro area decreased by 13.9% January through June 2019 compared to that of 2018.

BONNIE BRAE/BELCARO January through June

2018

2019

Average Price

$1,345,577

$1,158,335

-13.9%

$535

$554

3.6%

38

39

2.6%

$2,700,000

$2,400,000

-11.1%

41

31

-24.4%

98.1%

96.2%

-1.97%

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

% Change

Boundaries: Mississippi to Cherry Creek Drive South; University to Colorado

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2019 • COLORADOMICROREPORTS.COM


BOW MAR/BOW MAR SOUTH January through June

2018

2019

Average Price

$1,551,833

$1,779,934

14.7%

$509

$441

-13.5%

104

91

-12.5%

$1,930,000

$3,250,000

68.4%

6

8

33.3%

94.3%

92.5%

-1.9%

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

% Change

12.5%

January through June 2019, the average days on market in the area of Bow Mar/Bow Mar South decreased by 12.5% compared to that of 2018.

Boundaries: West Quincy Avenue to West Bowels Avenue

CAPITOL HILL January through June Average Price

2018 $403,398

$380,393

-5.7%

$375

$366

-2.4%

33

34

3.0%

$3,100,000

$3,056,000

-1.4%

220

174

-20.9%

99.4%

97.3%

-2.2%

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

% Change

2019

Boundaries: Broadway to Downing; 6th to Colfax

728 North Ogden Street, Capitol Hill

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

2018

% Change

2019

$718,761

$659,992

-8.2%

$248

$247

-0.5%

51

43

-15.7%

$1,800,000

$1,460,000

-18.9%

108

54

-50.0%

97.0%

97.6%

0.6%

15.7%

January through June 2019, the average days on market for Castle Pines decreased by 15.7% compared to that of 2018.

Boundaries: Country Club Parkway to Coyote Park; Daniels Park to Yorkshire

coloradomicroreports.com


THE VILLAGE CASTLE PINES January through June

2018

Average Price

$1,174,156

$1,318,409

12.3%

$333

$387

16.3%

135

101

-25.2%

$4,300,000

$2,675,000

-37.8%

81

65

-19.8%

94.5%

96.6%

2.2%

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

% Change

2019

Boundaries: US 85 & Copper Blush to Northwood; Daniels Park to Gate 5; Country Club to I-25

222 Equinox Drive, The Village Castle Pines

CHEESMAN January through June

2018

Average Price

Cheesman Park itself is the gathering grounds for many people where you will likely find volleyball nets, hula hoops, picnics and more as runners and cyclists circle this neighborhood.

$477,698

$528,339

10.6%

$386

$401

4.1%

19

33

73.7%

$2,738,225

$4,350,000

58.9%

74

103

39.2%

100.0%

97.8%

-2.2%

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

% Change

2019

Boundaries: York to Downing; Colfax to 8th

CHERRY CREEK NORTH January through June

2018

Average Price

$1,037,616

$1,386,222

33.6%

$491

$638

29.9%

78

78

0.0%

$2,700,000

$6,742,620

149.7%

74

92

24.3%

94.4%

95.8%

1.5%

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

% Change

2019

Boundaries: York to Colorado; 1st to 6th

520 Madison Street, Cherry Creek North

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CHERRY CREEK EAST & SOUTH January through June

2018

Average Price

$737,060

$646,670

-12.3%

$396

$397

0.2%

79

57

-27.8%

$3,250,000

$1,275,000

-60.8%

68

61

-10.3%

97.5%

96.8%

-0.7%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price

Cherry Creek is the premier outdoor retail and dining destination with an impressive collection of art galleries and independently owned boutiques.

Boundaries: University to Colorado; Alameda to 1st

CHERRY HILLS VILLAGE January through June

2018

Average Price

$1,672,404

$1,965,500

17.5%

$400

$461

15.3%

74

49

-33.8%

$3,962,500

$3,689,000

-6.9%

40

32

-20.0%

93.2%

95.4%

2.3%

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

% Change

2019

(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou

9 Foxtail Circle, Cherry Hills Village

CHERRY HILLS VILLAGE January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$3,186,896

$2,725,862

-14.5%

$481

$483

0.4%

142

80

-43.7%

$7,500,000

$8,200,000

9.3%

26

29

11.5%

91.8%

91.7%

-0.1%

Cherry Hills Village, located just south of Denver, was named for the cherry tree groves that lined the original town site.

(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou

coloradomicroreports.com


CITY PARK January through June

2018

Average Price

$618,186

$643,383

4.1%

$404

$419

3.7%

18

29

61.1%

$1,220,000

$1,219,000

-0.1%

51

29

-43.1%

100.1%

98.6%

-1.5%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Boundaries: Downing to York; 18th to Martin Luther King

2030 E 20th Ave Unit #103, City Park

21.4%

January through June 2019, the average days on market for City Park South decreased by 21.4% compared to that of 2018.

CITY PARK SOUTH January through June

2018

Average Price

$804,000

$735,950

-8.5%

$496

$512

3.4%

14

11

-21.4%

$1,100,000

$1,049,900

-4.6%

5

8

60.0%

99.4%

99.4%

0.0%

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

% Change

2019

Boundaries: York to Colorado; Colfax to 17th

COLUMBINE VALLEY January through June

2018

2019

Average Price

$1,212,406

$1,440,153

18.8%

$380

$410

7.8%

203

75

-63.1%

$2,590,000

$2,725,000

5.2%

20

15

-25.0%

96.2%

97.8%

1.6%

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

% Change

Boundaries: South Polo Ridge Drive to West Boles Avenue; Platte Canyon Road to South Platte River

63 Brookhaven Drive, Columbine Valley

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CONGRESS PARK January through June

2018

Average Price

$581,669

$638,614

9.8%

$438

$453

3.3%

17

29

70.6%

$1,760,000

$2,285,000

29.8%

113

85

-24.8%

99.9%

97.0%

-2.9%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price

9.8%

January through June 2019, the average price in Congress Park increased by 9.8% compared to that of 2018.

Boundaries: York to Colorado; 6th to Colfax

CORY-MERRILL January through June Average Price

2018 $918,425

$890,336

-3.1%

$459

$473

3.1%

46

56

21.7%

$1,677,000

$1,790,000

6.7%

69

60

-13.0%

98.7%

96.2%

-2.5%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price

Boundaries: South University Blvd to South Colorado Blvd; I-25 to East Mississippi Ave

1444 S Fillmore Street, Cory-Merrill

COUNTRY CLUB January through June

2018

Average Price

$3,499,119

$2,663,870

-23.9%

$728

$677

-7.0%

61

58

-4.9%

$5,668,830

$3,240,000

-42.8%

7

10

42.9%

96.6%

95.2%

-1.4%

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

% Change

2019

42.9%

January through June 2019, the number of properties sold in the Country Club neighborhood increased by 42.9% compared to that of 2018.

Boundaries: University to Downing 1st-4th; Race to University 4th-6th

coloradomicroreports.com


CRESTMOOR January through June

2018

Average Price

$1,322,516

$1,633,543

23.5%

$415

$525

26.5%

41

25

-39.0%

$2,450,000

$3,235,000

32.0%

17

15

-11.8%

99.9%

97.7%

-2.3%

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

% Change

2019

Boundaries: Holly to Monaco; Bayaud to 6th

377 Albion Street, Crestmoor

28.2%

January through June 2019, the average days on market in Downtown Denver decreased by 28.2% compared to that of 2018.

DOWNTOWN January through June Average Price

2018 $723,072

$777,288

7.5%

$519

$543

4.6%

78

56

-28.2%

$4,150,000

$4,115,000

-0.8%

70

61

-12.9%

96.2%

98.1%

1.9%

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

% Change

2019

Boundaries: Downtown Denver MLS Area

GOLDEN TRIANGLE January through June Average Price Average Price per Square Foot Average Days on Market* Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$603,929

$636,667

5.4%

$361

$419

16.2%

178

58

-67.4%

$1,055,000

$1,475,000

39.8%

50

12

-76.0%

98.6%

95.4%

-3.2%

Boundaries: North Speer Boulevard to Broadway; Colfax to 7th *Of the 83 residences sold January through December 2018, 43 residences were considered new construction.

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GREENWOOD VILLAGE EAST January through June

2018

2019

Average Price

$1,234,387

$1,146,370

-7.1%

$353

$367

3.9%

59

82

39.0%

$2,130,000

$1,995,000

-6.3%

35

30

-14.3%

98.6%

95.3%

-3.4%

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

% Change

Boundaries: I-25 to Havana; Belleview to Orchard

10426 E Powers Place, Greenwood Village

GREENWOOD VILLAGE WEST January through June

2018

2019

Average Price

$1,655,087

$1,748,547

5.6%

$399

$395

-0.9%

69

42

-39.1%

$3,375,000

$2,850,000

-15.6%

28

24

-14.3%

94.8%

94.2%

-0.6%

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

% Change

Over the past 50 years, Greenwood Village has gone from a land of gravel roads and small farms to an energetic blend of residential and commercial areas.

(Under 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25

GREENWOOD VILLAGE WEST January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$2,080,923

$1,734,071

-16.7%

$406

$390

-4.0%

102

74

-27.5%

$3,385,000

$3,300,000

-2.5%

13

7

-46.2%

95.1%

90.1%

-5.2%

(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25

5750 S Steele Street, Greenwood Village

coloradomicroreports.com


HALE MAYFAIR January through June

2018

Average Price

$645,323

$721,988

11.9%

$494

$489

-0.9%

12

19

58.3%

$1,179,000

$1,820,000

54.4%

44

49

11.4%

101.1%

98.4%

-2.7%

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

% Change

2019

Boundaries: Colorado to Holly; 6th to Colfax

HERITAGE GREENS

58.7%

The highest price for the neighborhood of Heritage Greens increased by 58.7% January through June 2019 compared to that of 2018.

January through June Average Price

2018 $815,421

$866,204

6.2%

$296

$266

-10.0%

37

35

-5.4%

$1,024,000

$1,625,000

58.7%

7

14

100.0%

96.3%

98.6%

2.4%

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

% Change

2019

Boundaries: Dry Creek to County Line; Colorado Boulevard to Holly

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

2018

% Change

2019

$597,047

$688,598

15.3%

$444

$454

2.3%

47

54

14.9%

$1,425,000

$2,300,000

61.4%

159

144

-9.4%

99.1%

96.3%

-2.8%

Boundaries: W 38th Ave to Speer Blvd; S Platte River to Federal Blvd

3545 Zuni Street, Highlands

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(WEST) HIGHLANDS January through June Average Price

2018 $580,449

$650,964

12.1%

$492

$490

-0.6%

15

38

153.3%

$1,350,000

$1,900,000

40.7%

127

112

-11.8%

99.3%

98.0%

-1.3%

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

% Change

2019

Boundaries:38th Ave; Federal to Sheridan

3699 Lowell Boulevard, Highlands

HIGHLANDS RANCH January through June Average Price

2018 $517,616

$527,535

1.9%

$250

$256

2.3%

12

17

41.7%

$2,767,865

$4,595,032

66.0%

276

285

3.3%

100.4%

99.2%

-1.2%

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

66.0%

% Change

2019

The highest price in Highlands Ranch increased by 66.0% January through June 2019 compared to that of 2018.

Boundaries: Daniels Park to County Line; Santa Fe to Quebec

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

2018

% Change

2019

$1,262,953

$1,436,627

13.8%

$440

$451

2.6%

65

41

-36.9%

$2,650,000

$3,250,000

22.6%

44

52

18.2%

97.1%

93.9%

-3.4%

Boundaries: Alameda to 6th; Colorado to Holly

350 Grape Street, Hilltop

coloradomicroreports.com


HOMESTEAD January through June Average Price

2018 $583,896

$537,589

-7.9%

$300

$302

0.6%

20

42

110.0%

$1,275,000

$1,225,000

-3.9%

68

52

-23.5%

98.8%

96.9%

-1.9%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Boundaries: Colorado to Quebec; Arapahoe to Dry Creek

5274 E Mineral Lane, Homestead

KEENE RANCH January through June Average Price

2018 $1,177,143

$1,168,250

-0.8%

$417

$351

-15.8%

114

139

21.9%

$2,375,000

$1,500,000

-36.8%

7

6

-14.3%

87.8%

91.9%

4.6%

Average Price per Square Foot

Located in the scenic foothills and bordering 1,500 acres of open space, Keene Ranch offers convenient access to Castle Rock and award-winning golf courses.

Average Days on Market Highest Price Properties Sold % Sold Price to List Price

% Change

2019

Boundaries: South Butte Circle to Castle Butte Drive; South Peak View Drive to West Tomah Road

KEN-CARYL NORTH RANCH January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$922,804

$1,043,125

13.0%

$272

$302

11.2%

68

12

-82.4%

$1,256,150

$1,337,500

6.5%

12

4

-66.7%

94.9%

98.5%

3.8%

Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road

7608 S Waverly Mountain, Ken-Caryl North Ranch

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM


KEN-CARYL VALLEY January through June

2018

Average Price

$721,125

$872,199

20.9%

$291

$296

2.0%

29

23

-20.7%

$1,235,000

$2,700,000

118.6%

32

34

6.3%

99.2%

97.7%

-1.4%

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

20.9%

% Change

2019

January through June 2019, the average price for the neighborhood of Ken-Caryl Valley increased by 20.9% compared to that of 2018.

Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Caryl Ave

LAKEWOOD January through June

2018

Average Price

$489,620

$500,256

2.2%

$302

$305

1.0%

22

27

22.7%

$2,225,000

$2,425,000

9.0%

732

728

-0.5%

99.6%

98.4%

-1.2%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Boundaries: City of Lakewood

7128 W Adriatic, Lakewood

LOHI January through June

2018

Average Price

$616,191

$712,935

15.7%

$443

$448

1.3%

52

61

17.3%

$1,425,000

$2,300,000

61.4%

124

108

-12.9%

99.0%

95.9%

-3.1%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price

The Lower Highlands, LoHi for short, features an eclectic mix of coffee shops, street fairs, farmers markets, and more.

Boundaries: W 38th to I-25; Speer Blvd to Zuni Street

coloradomicroreports.com


LONE TREE January through June

2018

Average Price

$772,111

$860,257

11.4%

$278

$266

-4.4%

45

29

-35.6%

$2,400,000

$2,175,000

-9.4%

132

21

-84.1%

97.7%

97.9%

0.1%

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

% Change

2019

Boundaries: South of Ridgegate parkway to County Line; Peoria to Quebec

9343 Vista Hill Lane, Lone Tree

LOWRY January through June

Once an air force base, Lowry is now known for its green spaces, such as Sunset Park and Great Lawn Park, offering playgrounds, meadows and summer concerts.

2018

Average Price

$870,938

$835,705

-4.0%

$332

$324

-2.3%

23

25

8.7%

$1,650,000

$1,850,000

12.1%

23

18

-21.7%

99.1%

97.8%

-1.3%

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

% Change

2019

Boundaries: Quebec to Unita; Alameda to 11th

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

2018

% Change

2019

$471,392

$470,580

-0.2%

$217

$225

3.6%

22

48

118.2%

$772,000

$765,000

-0.9%

226

247

9.3%

99.4%

98.1%

-1.2%

Boundaries: N Meadows Drive to Coachline Road; Breezy lane to Dairylide Street

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM


MONTCLAIR January through June Average Price

2018 $690,611

$673,601

-2.5%

$424

$430

1.3%

40

33

-17.5%

$1,450,000

$1,600,000

10.3%

65

64

-1.5%

97.9%

96.5%

-1.4%

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

% Change

2019

Boundaries: Holly to Quebec; 6th to Colfax

7304 E 9th Ave, Montclair

OBSERVATORY PARK January through June

2018

Average Price

$1,178,376

$1,292,788

9.7%

$404

$462

14.5%

61

56

-8.2%

$1,950,000

$2,825,000

44.9%

33

49

48.5%

97.0%

95.0%

-2.0%

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

% Change

2019

Observatory Park, named after the University of Denver’s Historic Chamberlin Observatory, is located off of Evans just blocks from The University of Denver.

Boundaries: University to Colorado; Evans to Yale

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

2018

% Change

2019

$755,886

$790,283

4.6%

$457

$477

4.5%

15

26

73.3%

$1,950,000

$2,920,000

49.7%

120

116

-3.3%

99.2%

97.4%

-1.8%

Boundaries: Colfax to 26th; Colorado to Quebec

4835 E 17th Ave, Park Hill

coloradomicroreports.com


PLATT PARK January through June

2018

Average Price

$661,524

$750,442

13.4%

$498

$566

13.6%

16

20

25.0%

$1,608,256

$1,957,422

21.7%

56

45

-19.6%

99.6%

98.6%

-1.1%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Boundaries: Broadway to Downing; Louisiana to Evans

1324 South Lincoln Street, Platt Park

POLO RESERVE

82.1%

The average days on market in Polo Reserve decreased by 82.1% January through June 2019 compared to that of 2018.

January through June

2018

Average Price

$1,240,000

$854,950

-31.1%

$317

$287

-9.4%

145

26

-82.1%

$1,570,000

$940,000

-40.1%

3

2

-33.3%

94.5%

97.2%

2.9%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price

Boundaries: North of Mineral; South of Arabian Pl; West of the S. Platte River; East of S. Platte Canyon Rd

PRADERA & TIMBERS January through June Average Price

2018 $801,525

$941,304

17.4%

$242

$248

2.2%

47

91

93.6%

$1,725,000

$1,900,000

10.1%

61

50

-18.0%

98.7%

96.7%

-2.0%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price Boundaries: Pradera and Timbers Subdivisions in Parker

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

2019 •COLORADOMICROREPORTS.COM


SADDLE ROCK January through June

2018

Average Price

$659,015

$668,892

1.5%

$206

$227

9.9%

54

72

33.3%

$960,000

$975,000

1.6%

42

40

-4.8%

97.8%

97.1%

-0.6%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price

Former home of the Colorado Open and numerous statewide amateur and professional events, Saddle Rock has become a preferred destination for a higher-end golf experience in the metro area.

Boundaries: North of E Dry Creek Rd; South of Smoky Hill Rd; West of E-470; East of S Liverpool St

SLOAN’S LAKE January through June

2018

% Change

2019

Average Price

$671,917

$659,340

-1.9%

Average Price per Square Foot

$500.77

$460

-8.2%

20

63

215.0%

$1,400,000

$1,275,000

-8.9%

70

53

-24.3%

98.3%

96.6%

-1.7%

Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries: Colfax to 29th; Sheridan to Federal

1919 Hooker Street, Sloan’s Lake

SOUTHERN HILLS January through June

2018

Average Price

$738,093

$816,582

10.6%

$421

$389

-7.4%

18

21

16.7%

$1,300,000

$1,325,000

1.9%

30

17

-43.3%

97.8%

98.5%

0.7%

Average Price per Square Foot Average Days on Market Highest Price

% Change

2019

Properties Sold % Sold Price to List Price

10.6%

January through June 2019, the average price for the neighborhood of Southern Hills increased by 10.6% compared to that of 2018.

Boundaries: University to Colorado; Yale to Hampden

coloradomicroreports.com


SOUTHGLENN January through June

2018

Average Price

$472,243

$486,452

3.0%

$273

$288

5.6%

12

15

25.0%

$650,000

$560,000

-13.8%

30

21

-30.0%

101.5%

99.4%

-2.0%

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

% Change

2019

Boundaries: Washington to University; Arapahoe to Dry Creek

3378 E Easter Place, Southglenn

3.6%

The average price in Stapleton increased by 3.6% January through June 2019 compared to that of 2018.

STAPLETON January through June

2018

Average Price

$683,451

$708,003

3.6%

$316

$326

3.2%

48

50

4.2%

$1,470,000

$1,350,000

-8.2%

213

199

-6.6%

100.0%

99.4%

-0.6%

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

% Change

2019

Boundaries: Quebec to Havana; 23rd to 40th

TALLYN’S REACH January through June Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2018

% Change

2019

$562,576

$589,569

4.8%

$217

$217

-0.4%

55

65

18.2%

$1,199,000

$889,000

-25.9%

55

54

-1.8%

99.2%

96.9%

-2.4%

Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470

24231 E Moraine Place, Tallyn’s Reach

MICROMARKET REPORT | Denver Metro livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM


UPTOWN January through June Average Price

2018 $446,301

$477,784

7.1%

$392

$391

-0.4%

35

27

-22.9%

$940,000

$1,364,900

45.2%

85

71

-16.5%

99.5%

98.4%

-1.2%

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

% Change

2019

22.9%

The average days on market for the neighborhood of Uptown decreased by 22.9% January through June 2019 compared to that of 2018.

Boundaries: North of Colfax; East of Broadway; South of 20th; 20th & Park to 19th; West of Josephine

WASHINGTON PARK EAST January through June

2018

2019

Average Price

$1,263,579

$1,391,699

10.1%

$621

$607

-2.3%

33

36

9.1%

$3,650,000

$3,650,000

0.0%

63

65

3.2%

97.6%

95.5%

-2.2%

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

% Change

Boundaries: Lousisana to Ellsworth; Downing to University

2301 E Alameda Ave, Washington Park

WASHINGTON PARK WEST January through June Average Price

2018 $725,048

$723,002

-0.3%

$485

$506

4.4%

21

29

38.1%

$2,060,000

$1,850,000

-10.2%

73

83

13.7%

100.1%

98.5%

-1.6%

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

% Change

2019

Washington Park is a popular destination for outdoor recreation in Denver with its many running trails, bike paths, yoga spots, and paddle boarding areas.

Boundaries: Louisiana to Ellsworth; Broadway to Downing

coloradomicroreports.com


WHY COLORADO?

NATIONAL PARKS: 4

MOUNTAIN RANGES: 7

AVERAGE DAYS OF SUNSHINE ANNUALLY: 300

SKI AREAS & RESORTS: 28

CRAFT BREWERIES: 350+


The life you love.

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.

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Denver Metro - Mid-Year 2019  

Denver Metro - Mid-Year 2019  

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