Foothills Mid-Year 2019

MICROMARKET REPORT |

Foothills • Mid-Year 2019

FOOTHILLS NEIGHBORHOODS 18

19 14

1

6 7

8

13

2.

Upper Bear Creek

3.

Hangen Ranch

4.

Shadow Mountain

5.

Brook Forest

10 5

16 17

4 11 12

7.

Ridge at Hiwan

8.

Hiwan Golf Club

9. Tanoa

15 3

Soda Creek

6. Genesee

9 2

20

1.

10.

Evergreen Park 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.

Mount Vernon Canyon

20.

Riva Chase

Pictured on cover: 81 Outpost Lanes

coloradomicroreports.com

FOOTHILLS market update The Colorado Foothills are ideally positioned with close proximity to Denver, combined with an easy drive to the renowned resort communities. This sought-after area offers open space, abundant wildlife, and an adventure-worthy lifestyle. Neighborhoods such as Genesee, Lookout Mountain, and Hiwan Hills complete the Foothills, which provides picturesque views and parallels the Front Range.

LIV Sotheby’s International Realty produces a Micro Market Report revealing real

January – June 2019 Highlights:

estate performance for the Colorado Foothills for January through June of 2019, compared to that of 2018. A significant highlight from this year’s report includes an 89.9% increase in average price for Hangen Ranch, bringing the new average price in 2019 to $1,465,000, from $771,380 for 2018. The Spring Ranch neighborhood also reported a notable increase in average price of 60.1%, to $2,000,000 in 2019.

Impressively, there were numerous increases in properties sold including a 150% increase for Hiwan Hills, to 15 homes sold in 2019 compared to six in 2018.

Interestingly, average days on market increased for many neighborhoods, meaning that buyers are in a great spot heading into the second half of 2019 with the ability

• Hangen Ranch’s average price increased to $1,465,000

89.9%

• Spring Ranch’s average price increased to $2,000,000

60.1%

• Hiwan Hills increased the number of properties sold to 15 in 2019 compared to six in 2018

150%

to have a little more time for purchasing decisions. Sellers will also see benefits in 2019 with an increase in average price for many of the neighborhoods.

The Mid-Year Micro Market Report for the Colorado Foothills provides more details into each of the unique neighborhoods that make up this increasingly popular area.

Within this report you will find January through June 2019 performance compared to the same time frame of 2018 for average price, average price per square foot, average days on market, highest price, number of properties sold, and percentage sold-price to list-price.

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 | Foothills 2019 • COLORADOMICROREPORTS.COM

BEAR MOUNTAIN January through June

2018

Average Price

$1,189,640

$1,086,250

-8.7%

$304

$290

-4.6%

35

201

474.3%

$1,900,000

$1,450,000

-23.7%

5

2

-60.0%

95.7%

97.4%

1.8%

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

2019

1.8%

% Change

January through June 2019, the percentage of sold price to list price for Bear Mountain increased by 1.8% compared to that of 2018.

BROOK FOREST January through June Average Price

2018

$489,154

4.2%

$292

$312

7.1%

43

24

-44.2%

$721,000

$585,000

-18.9%

9

13

44.4%

98.6%

99.1%

0.5%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$469,333

Average Price per Square Foot

Highest Price

2019

6798 Berry Bush Lane, Brook Forest

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

2018

2019

% Change

$685,667

$728,313

6.2%

$297

$279

-5.9%

14

37

164.3%

$840,000

$1,000,000

19.0%

6

8

33.3%

100.3%

98.1%

-2.3%

19.0%

January through June 2019, the highest price for Conifer Mountain increased by 19.0% compared to that of 2018.

coloradomicroreports.com

EVERGREEN HIGHLANDS January through June

2018

Average Price

$751,535

24.2%

$372

$336

-9.6%

4

20

400.0%

$650,000

$1,000,000

53.8%

4

9

125.0%

100.7%

100.0%

-0.7%

Average Days on Market

Properties Sold % Sold Price to List Price

6.0%

January through June 2019, the average price per square foot for the neighborhood of Evergreen Meadows increased by 6.0% compared to that of 2018.

% Change

$605,250

Average Price per Square Foot

Highest Price

2019

EVERGREEN MEADOWS January through June Average Price

2018

$717,750

-2.7%

$244

$259

6.0%

21

40

90.5%

$1,010,000

$1,050,000

4.0%

14

10

-28.6%

97.5%

96.1%

-1.5%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$738,036

Average Price per Square Foot

Highest Price

2019

EVERGREEN MEADOWS 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

2019

% Change

$523,500

$615,083

17.5%

$304

$272

-10.6%

47

12

-74.5%

$640,000

$815,000

27.3%

5

6

20.0%

102.7%

99.0%

-3.7%

MICROMARKET REPORT | Foothills livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

EVERGREEN PARK ESTATES January through June

2018

Average Price

$657,167

19.9%

$304

$304

-0.1%

17

11

-35.3%

$800,000

$820,000

2.5%

7

6

-14.3%

103.5%

100.0%

-3.4%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$548,286

Average Price per Square Foot

Highest Price

2019

35.3%

January through June 2019, the average days on market for Evergreen Park Estates decreased by 35.3% compared to that of 2018.

GENESEE January through June

2018

Average Price

% Change

$908,835

$990,127

8.9%

$357

$349

-2.0%

51

56

9.8%

$1,478,000

$2,150,000

45.5%

24

26

8.3%

97.2%

97.0%

-0.2%

Average Price per Square Foot Average Days on Market Highest Price

2019

Properties Sold % Sold Price to List Price

Tucked away along the I-70 corridor, Genesee is a place of natural beauty and serenity and has won many awards for stewardship of native ecology and wildfire mitigation.

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

2018

2019

% Change

$771,380

$1,465,000

89.9%

$326

$440

34.8%

66

284

330.3%

$926,000

$1,630,000

76.0%

5

2

-60.0%

97.6%

87.4%

-10.5%

35025 Buffalo Park Road, Hagen Ranch

coloradomicroreports.com

HIWAN GOLF CLUB January through June Average Price

2018

$917,833

5.8%

$318

$309

-2.6%

38

59

55.3%

$1,800,000

$1,725,000

-4.2%

12

12

0.0%

99.1%

95.9%

-3.2%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$867,375

Average Price per Square Foot

Highest Price

2019

2101 Torrey Pine Drive, Hiwan Golf Club

150.0%

January through June 2019, the amount of properties sold for the neighborhood of Hiwan Hills increased by 150.0% compared to that of 2018.

HIWAN HILLS January through June Average Price

2018

$673,133

6.1%

$245

$283

15.8%

4

15

275.0%

$750,000

$920,000

22.7%

6

15

150.0%

100.9%

98.5%

-2.4%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$634,250

Average Price per Square Foot

Highest Price

2019

LOOKOUT MOUNTAIN January through June Average Price

Known for its natural scenery, Lookout Mountain is a 7,377-foot peak of the Rocky Mountains just west of downtown Golden.

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

2018

2019

% Change

$763,666

$601,000

-21.3%

$335

$339

1.1%

34

70

105.9%

$1,021,401

$700,000

-31.5%

8

3

-62.5%

98.6%

92.5%

-6.2%

MICROMARKET REPORT | Foothills livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

MOUNT VERNON CANYON January through June

2018

Average Price

$690,000

23.4%

$289

$348

20.4%

95

14

-85.3%

$683,000

$690,000

1.0%

2

1

-50.0%

95.2%

99.3%

4.3%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$559,000

Average Price per Square Foot

Highest Price

2019

25371 Ridge Way, Mount Vernon Canyon

RIDGE AT HIWAN January through June

2018

2019

Average Price

$1,084,154

$1,128,060

4.0%

$329

$338

2.7%

37

31

-16.2%

$1,435,000

$1,450,000

1.0%

13

13

0.0%

96.7%

96.9%

0.2%

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

% Change

The Ridge at Hiwan offers multiple homes that back to open space where it is a common site to see a herd of Elk lounging in yards throughout the neighborhood.

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

2018

2019

% Change

$963,668

$1,325,667

37.6%

$285

$312

9.6%

188

298

58.5%

$1,100,000

$1,800,000

63.6%

2

3

50.0%

91.4%

84.5%

-7.5% 1204 Snowberry Drive, Riva Chase

coloradomicroreports.com

78.9%

January through June 2019, the average days on market for the neighborhood of Shadow Mountain decreased by 78.9% compared to that of 2018.

SHADOW MOUNTAIN January through June Average Price

2018

$520,750

4.9%

$276

$280

1.3%

19

4

-78.9%

$772,500

$597,250

-22.7%

4

4

0.0%

99.5%

101.6%

2.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$496,625

Average Price per Square Foot

Highest Price

2019

SODA CREEK January through June

2018

2019

Average Price

$1,357,700

$1,114,700

-17.9%

$326

$435

33.3%

136

72

-47.1%

$2,212,500

$1,305,000

-41.0%

11

3

-72.7%

93.9%

92.9%

-1.0%

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

% Change

34750 Fox Ridge Road, Soda Creek

31.3%

January through June 2019, the average price per square foot for the neighborhood of Spring Ranch increased by 31.3% compared to that of 2018.

SPRING 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

2019

% Change

$1,249,606

$2,000,000

60.1%

$419

$551

31.3%

119

40

-66.4%

$1,500,925

$2,000,000

33.3%

4

1

-75.0%

95.3%

100.0%

4.9%

MICROMARKET REPORT | Foothills livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

TANOA January through June Average Price

2018

$949,900

-3.6%

$352

$359

2.1%

30

126

320.0%

$1,375,000

$949,900

-30.9%

5

1

-80.0%

98.6%

98.0%

-0.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$985,400

Average Price per Square Foot

Highest Price

2019

3124 Elk View Drive, Tanoa

UPPER BEAR CREEK January through June

2018

Average Price

$800,500

$706,000

-11.8%

$327

$273

-16.5%

32

105

228.1%

$950,000

$1,375,000

44.7%

4

5

25.0%

98.8%

89.5%

-9.4%

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

2019

% Change

EVERGREEN HIGH SCHOOL IN COLORADO RANKINGS: 10

25.0%

The number of properties sold for the Upper Bear Creek area increased by 25.0% January through June 2019 compared to that of 2018.

AVERAGE COMMUTE TIME TO METRO DENVER: 30 MINUTES

coloradomicroreports.com

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DESIGN.

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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.