MICROMARKET REPORT |
Denver Metro • Quarter 1 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: 4682 South Franklin Street, Cherry Hills Village
coloradomicroreports.com
DENVER METRO market update Consistently ranked as one of the best places to live, Denver Metro offers an unbeatable lifestyle with ideal weather, panoramic mountain views, and regularly added trendy restaurants and entertainment. Plus, a strong economy continues to drive people from out of state to call Denver their home. LIV Sotheby’s International Realty reports on the Denver Metro real estate market, sectioning into 54 neighborhoods. Collectively, comparing the results of Q1 of 2019 to that of 2018, new listings increased by a notable 5.7%. This increase led to almost 15,000 new listings so far in 2019. Average price also increased by 2.1% and total dollar volume sold increased by 1.7%. These three increases show a healthy and active market for Denver Metro as we head into the spring and summer months of 2019. Across the 54 neighborhoods there are notable increases in average price and decreases in average days on market, proving that 2019 is off to a very active start. Cheesman saw an impressive 47.3% increase in average price to $614,695 in 2019, as well as a 11.8% increase in average price per square foot to $391. Downtown saw an astounding 48.7% increase in average price to $860,052 in 2019 and a 14.6% drop in average days on market to just 88 days in 2019. Golden Triangle also saw an impressive jump in average price by 34.8% to $790,833 in 2019. Many other neighborhoods also reported similar increases in average price as well as significant decreases in average days on market, resulting in a wonderful market for sellers to benefit.
DENVER METRO 2018
January through March
2019
% Change
New Listings
13,989
14,783
5.7%
Sold Listings (All Properties)
10,102
10,071
-0.3%
Sold Single Family
6,917
7,014
1.4%
Sold Attached Dwellings
3,185
3,057
-4.0%
$450,371
$459,639
2.1%
28
36
28.6
99.4%
97.7%
-1.7%
$4,549,652,307
$4,629,021,069
1.7%
Average Price Average Days on Market % Sold Price to Original List Price Total Dollar Volume Sold
Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Jefferson Attached Dwellings Include: Condos, Townhomes, and Duplexes
With the increase of Denver Metro buyers both within and outside of the state, buyers should be prepared to act quick when their Denver dream-home is found. The initial start to 2019 anticipates a very busy year for both buyers and sellers as Denver Metro has proven to be, and will most likely continue the path to be, an extremely hot market.
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 March
Average Price
2018 $488,907
$504,364
3.16%
$298
$349
17.11%
30
41
36.67%
$4,975,000
$10,750,000
116.08%
2,878
2,734
-5.00%
99.20%
97.10%
-2.12%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: City of Denver
1133 14th Street #3520, Denver
BAKER January through March
Average Price
2018 $473,809
$528,065
11.5%
$383
$377
-1.6%
77
108
40.3%
$700,000
$775,000
10.7%
23
25
8.7%
101.2%
95.9%
-5.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Baker received historic district designation by the City of Denver in 2000, and is lined with 19th century brick houses and charming local restaurants and businesses.
Boundaries: 6th Avenue to Mississippi; South Platte River to Broadway
BELL MOUNTAIN RANCH January through March
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$767,000
$909,583
18.6%
$302
$361
19.4%
208
89
-57.2%
$879,000
$1,640,000
86.6%
2
6
200.0%
97.4%
95.7%
-1.8%
Boundaries: I-25 to Quarry Road; Bell Mountain Parkway to Starburst Circle
200%
The number of properties sold in the neighborhood of Bell Mountain Ranch increased by 200%.
coloradomicroreports.com
BELMAR 2018
January through March
20%
Average Price
$467,360
$424,042
-9.3%
$254
$272
7.2%
38
55
44.7%
$1,125,000
$750,000
-33.3%
10
12
20.0%
98.5%
95.9%
-2.7%
Average Price per Square Foot Average Days on Market Highest Price
The properties sold for the neighborhood of Belmar increased by 20% January through March 2019 compared to that of 2018.
% Change
2019
Properties Sold % Sold Price to List Price Boundaries: Kentucky to Alameda; Wadsworth to Pierce
BERKELEY 2018
January through March
Average Price
Berkeley offers its residences an eclectic mix of popular dining options, local art galleries, and a convenient location near I-70.
$570,208
$624,121
9.5%
$504
$490
-2.7%
18
23
27.8%
$1,200,000
$1,375,000
14.6%
30
28
-6.7%
98.2%
98.4%
0.2%
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
BONNIE BRAE/BELCARO January through March
2018
2019
Average Price
$1,120,286
$1,161,306
3.7%
$507
$565
11.5%
29
33
13.8%
$2,500,000
$2,265,000
-9.4%
14
12
-14.3%
99.4%
95.9%
-3.5%
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
34 Polo Club Circle, Belcaro
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
BOW MAR/BOW MAR SOUTH January through March
Average Price
2018 $1,599,000
$1,634,320
2.2%
$524
$433
-17.2%
14
80
471.4%
$1,698,000
$2,950,000
73.7%
2
3
50.0%
97.9%
93.5%
-4.5%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Boundaries: West Quincy Avenue to West Bowels Avenue
5118 S Perry Street, Bow Mar
CAPITOL HILL January through March
Average Price
2018 $425,725
$328,187
-22.9%
$385
$358
-7.0%
46
43
-6.5%
$3,100,000
$1,030,000
-66.8%
95
64
-32.6%
99.6%
96.4%
-3.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Castle Pines, located just 20 miles south of Denver, offers its residents the perfect balance of open space and urban living.
Boundaries: Broadway to Downing; 6th to Colfax
CASTLE PINES January through March
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$601,423
$631,338
5.0%
$245
$241
-1.9%
95
54
-43.2%
$899,000
$1,223,868
36.1%
13
20
53.8%
97.5%
97.7%
0.2%
Boundaries: Country Club Parkway to Coyote Park; Daniels Park to Yorkshire
1123 Northwood Lane, Castle Pines
coloradomicroreports.com
9.7% January through March 2019, the average price in the neighborhood of The Village Castle Pines increased by 9.7% compared to that of 2018.
THE VILLAGE CASTLE PINES 2018
January through March
Average Price
$1,209,452
$1,326,313
9.7%
$334
$403
20.7%
246
119
-51.6%
$2,600,000
$2,540,000
-2.3%
21
25
19.0%
92.9%
97.1%
4.5%
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
CHEESMAN 2018
January through March
Average Price
$417,293
$614,695
47.3%
$349
$391
11.8%
40
45
12.5%
$1,460,000
$4,350,000
197.9%
40
41
2.5%
97.9%
97.7%
-0.2%
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
1100 N Humboldt Street, Cheesman
2.8%
January through March 2019, the average price in the neighborhood of Cherry Creek North increased by 2.8% compared to that of 2018.
CHERRY CREEK NORTH January through March
2018
2019
Average Price
$1,152,625
$1,184,648
2.8%
$446
$506
13.4%
62
72
16.1%
$2,695,000
$2,975,000
10.4%
24
23
-4.2%
92.40%
95.00%
2.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: York to Colorado; 1st to 6th
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
CHERRY CREEK EAST & SOUTH 2018
January through March
Average Price
$720,108
$606,996
-15.7%
$381
$388
2.0%
64
70
9.4%
$3,250,000
$1,090,000
-66.5%
31
29
-6.5%
96.4%
96.2%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Boundaries: University to Colorado; Alameda to 1st
251 S GarďŹ eld Street #F, Cherry Creek
CHERRY HILLS VILLAGE January through March
Average Price
2018 $1,689,063
$1,612,818
-4.5%
$389
$413
6.1%
89
48
-46.1%
$3,962,500
$2,625,000
-33.8%
16
11
-31.3%
92.7%
95.5%
3.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Cherry Hills Village, located just south of Denver, was named for the cherry tree groves that lined the original town site.
(Under 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
CHERRY HILLS VILLAGE January through March
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$2,644,038
$3,094,000
17.0%
$411
$452
9.7%
140
75
-46.4%
$4,125,000
$8,200,000
98.8%
8
5
-37.5%
91.0%
86.6%
-4.8%
(Over 1 Acre) Boundaries: Hampden to Belleview; Clarkson to Happy Canyon Road and Charlou
70 Meade Lane, Cherry Hills Village
coloradomicroreports.com
CITY PARK 2018
January through March
Average Price
$577,366
$692,914
20.0%
$391
$412
5.4%
23
28
21.7%
$875,000
$1,105,400
26.3%
19
7
-63.2%
98.1%
98.9%
0.8%
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
CITY PARK SOUTH One of Denver’s most popular destinations, City Park is home to historical monuments, two lakes, picnic sites, playgrounds, and sweeping views of the city’s skyline.
January through March
2018
2019
Average Price
$804,000
$785,000
-2.4%
$496
$440
-11.3%
14
23
64.3%
$1,100,000
$800,000
-27.3%
5
2
-60.0%
97.5%
95.8%
-1.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: York to Colorado; Colfax to 17th
COLUMBINE VALLEY January through March
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$1,440,848
$1,534,825
6.5%
$439
$434
-1.0%
372
14
-96.2%
$2,590,000
$2,546,300
-1.7%
5
4
-20.0%
94.3%
97.0%
2.9%
Boundaries: South Polo Ridge Drive to West Boles Avenue; Platte Canyon Road to South Platte River
69 Brookhaven Drive, Columbine Valley
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
CONGRESS PARK 2018
January through March
Average Price
$527,622
$681,838
29.2%
$407
$482
18.5%
20
26
30.0%
$1,152,500
$2,285,000
98.3%
41
29
-29.3%
99.7%
97.6%
-2.1%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Boundaries: York to Colorado; 6th to Colfax
867 Adams Street, Congress Park
CORY-MERRILL January through March
Average Price
2018 $917,716
$902,845
-1.6%
$474
$449
-5.4%
69
80
15.9%
$1,677,000
$1,599,000
-4.7%
32
29
-9.4%
95.9%
96.0%
0.1%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price
Named after John J. Cory and Louise A. Merrill, two influential Denver educators, Cory-Merrill neighborhood was founded in 1858 to be a dry town because its citizens didn’t like the saloons that had taken over Denver.
Boundaries: South University Blvd to South Colorado Blvd; I-25 to East Mississippi Ave
COUNTRY CLUB January through March
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$4,062,500
$3,096,264
-23.8%
$725
$561
-22.6%
159
137
-13.8%
$4,975,000
$3,240,000
-34.9%
2
4
100.0%
93.2%
89.5%
-3.9%
Boundaries: University to Downing 1st-4th; Race to University 4th-6th
2301 E Alameda Ave, Country Club
coloradomicroreports.com
CRESTMOOR January through March
2018
2019
Average Price
$1,418,880
$1,672,267
17.9%
$430
$516
20.1%
58
41
-29.3%
$2,450,000
$3,235,000
32.0%
6
8
33.3%
98.0%
95.9%
-2.2%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
Boundaries: Holly to Monaco; Bayaud to 6th
210 Jasmine Street, Crestmoor
14.6%
January through March 2019, the average days on market in Downtown Denver decreased by 14.6% compared to that of 2018.
DOWNTOWN January through March
Average Price
2018 $578,252
$860,052
48.7%
$443
$532
20.0%
103
88
-14.6%
$1,865,000
$10,750,000
476.4%
103
84
-18.4%
97.0%
97.0%
0.0%
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 March
Average Price Average Price per Square Foot Average Days on Market* Highest Price Properties Sold % Sold Price to List Price
357 W 12th Ave, Golden Triangle
2018
% Change
2019
$586,861
$790,833
34.8%
$367
$446
21.5%
185
95
-48.6%
$1,055,000
$1,475,000
39.8%
18
6
-66.7%
98.9%
92.7%
-6.3%
Boundaries: North Speer Boulevard to Broadway; Colfax to 7th *Of the 83 residences sold January through December 2018, 43 residences were considered new construction.
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
GREENWOOD VILLAGE EAST January through March
2018
Average Price
$1,229,567
$1,087,004
-11.6%
$335
374.1
11.8%
87
24
-72.4%
$2,100,000
$1,450,000
-31.0%
12
8
-33.3%
96.2%
94.7%
-1.6%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: I-25 to Havana; Belleview to Orchard
10487 E Crestline Place, Greenwood Village
GREENWOOD VILLAGE WEST January through March
2018
Average Price
$1,437,263
$1,776,800
23.6%
$371
$393
6.1%
71
19
-73.2%
$3,375,000
$2,275,000
-32.6%
8
5
-37.5%
92.2%
95.9%
4.0%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
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 March
Average Price Average Price per Square Foot Average Days on Market Highest Price
2018 $1,589,000
$1,747,500
10.0%
$478
$451
-5.7%
70
102
45.7%
$1,944,000
$1,775,000
-8.7%
3
2
-33.3%
94.3%
89.8%
-4.7%
Properties Sold % Sold Price to List Price
% Change
2019
(Over 1 Acre) Boundaries: Orchard to Belleview; Clarkson to I-25
5741 S Ash Court, Greenwood Village
coloradomicroreports.com
122.2%
The properties sold for the neighborhood of Hale Mayfair increased by 122.2% January through March 2019 compared to that of 2018.
HALE MAYFAIR 2018
January through March
Average Price
$714,333
$668,148
-6.5%
$493
$464
-5.9%
21
21
0.0%
$1,179,000
$1,400,000
18.7%
9
20
122.2%
100.9%
98.7%
-2.1%
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 January through March
Average Price
2018 $1,024,000
$792,390
-22.6%
$458
$247
-46.1%
9
71
688.9%
$1,024,000
$1,075,000
5.0%
1
5
400.0%
93.5%
98.0%
4.7%
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
7753 S Elm Court, Heritage Greens
29.4%
The average price for the neighborhood of Highlands, increased by 29.4% January through March 2019 compared to that of 2018.
HIGHLANDS January through March
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$553,310
$716,190
29.4%
$450
$423
-6.0%
53
41
-22.6%
$1,300,000
$2,300,000
76.9%
68
56
-17.6%
98.50%
96.70%
-1.8%
Boundaries: W 38th Ave to Speer Blvd; S Platte River to Federal Blvd
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 •COLORADOMICROREPORTS.COM
(WEST) HIGHLANDS January through March
Average Price
2018 $572,730
$605,755
5.8%
$478
$506
5.7%
18
32
77.8%
$1,025,000
$927,000
-9.6%
41
31
-24.4%
98.9%
97.1%
-1.8%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
5.8%
The average price for the neighborhood of (West) Highlands increased by 5.8% January through March 2019 compared to that of 2018.
Boundaries:38th Ave; Federal to Sheridan
HIGHLANDS RANCH January through March
Average Price
2018 $519,666
$533,504
2.7%
$248
$259
4.3%
17
23
35.3%
$2,405,000
$4,595,032
91.1%
103
94
-8.7%
100.3%
98.9%
-1.4%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: Daniels Park to County Line; Santa Fe to Quebec
10782 Mountshire Circle, Highlands Ranch
HILLTOP January through March
2018
Average Price
$1,304,727
1,370,455
5.0%
$451
$410
-9.1%
124
36
-71.0%
$2,650,000
$2,450,000
-7.5%
15
15
0.0%
96.1%
92.9%
-3.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
5.0%
The average price for the neighborhood of Hilltop increased by 5.0% January through March 2019 compared to that of 2018.
Boundaries: Alameda to 6th; Colorado to Holly
coloradomicroreports.com
HOMESTEAD January through March
Average Price
2018 $568,859
$539,825
-5.1%
$291
$298
2.3%
33
71
115.2%
$1,275,000
$1,225,000
-3.9%
17
20
17.6%
97.8%
94.7%
-3.1%
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
6486 S Forest Street, Homestead
KEENE RANCH January through March
Average Price
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.
2018 $951,250
$1,183,750
24.4%
$320
$378
18.0%
133
97
-27.1%
$1,200,000
$1,500,000
25.0%
4
4
0.0%
85.0%
92.1%
8.3%
Average Price per Square Foot 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 March
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$990,330
$1,060,000
7.0%
$278
$297
6.7%
97
29
-70.1%
$1,256,150
$1,060,000
-15.6%
5
1
-80.0%
95.3%
99.2%
4.0%
Boundaries: Red Fox Lane to North Ranch Road; Golden Eagle Road to Blue Grouse Ridge Road
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
KEN-CARYL VALLEY January through March
2018
Average Price
$717,557
$891,097
24.2%
$300
$293
-2.5%
64
34
-46.9%
$1,125,000
$2,700,000
140.0%
7
15
114.3%
98.5%
96.8%
-1.7%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price
46.9%
January through March 2019, the average days on market for the neighborhood of Ken-Caryl Valley decreased by 46.9% compared to that of 2018.
Boundaries: Tamarade Drive to Manor House Road; Mountain High Court to West Ken Caryl Ave
LAKEWOOD January through March
2018
Average Price
$471,411
$476,775
1.1%
$300
$295
-1.6%
29
38
31.0%
$1,900,000
$1,318,370
-30.6%
298
281
-5.7%
99.0%
97.2%
-1.9%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Boundaries: City of Lakewood
6366 Hawthorn Lane, Lakewood
LOHI January through March
2018
Average Price
$573,756
$737,423
28.5%
$448
$447
-0.1%
53
41
-22.6%
$1,300,000
$2,300,000
76.9%
52
41
-21.2%
99.0%
96.5%
-2.5%
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 2018
January through March
Average Price
$825,028
$1,091,429
32.3%
$280
$289
3.1%
68
29
-57.4%
$1,500,000
$2,175,000
45.0%
54
7
-87.0%
97.1%
98.1%
1.1%
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
23.1%
The average days on market for the neighborhood of Lowry decreased by 23.1% January through March 2019 compared that of 2018.
LOWRY 2018
January through March
Average Price
$822,988
$571,116
-30.6%
$318
$302
-4.9%
39
30
-23.1%
$1,575,000
$853,500
-45.8%
13
6
-53.8%
99.4%
98.4%
-1.0%
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 March
2018
Average Price
$466,800
$455,570
-2.4%
$214
$228
6.5%
27
67
148.1%
$750,000
$705,000
-6.0%
83
102
22.9%
99.2%
97.5%
-1.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: N Meadows Drive to Coachline Road; Breezy lane to Dairylide Street
4424 Elegant Street, The Meadows
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
MONTCLAIR January through March
Average Price
2018 $682,703
$620,966
-9.0%
$410
431.54
5.2%
60
44
-26.7%
$682,703
$1,356,250
98.7%
23
26
13.0%
97.1%
95.4%
-1.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
98.7%
The highest price for the neighborhood of Montclair increased by 98.7% January through March 2019, compared to that of 2018.
Boundaries: Holly to Quebec; 6th to Colfax
OBSERVATORY PARK January through March
2018
Average Price
$1,279,375
$1,376,949
7.6%
$379
$452
19.0%
86
81
-5.8%
$1,950,000
$2,825,000
44.9%
16
16
0.0%
95.1%
93.0%
-2.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: University to Colorado; Evans to Yale
2508 S Madison Street, Observatory Park
PARK HILL January through March
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$706,283
$708,689
0.3%
$450
$468
4.1%
20
40
100.0%
$1,532,500
$1,672,500
9.1%
40
37
-7.5%
99.6%
95.3%
-4.3%
One of the city’s oldest neighborhoods which was established in 1887.
Boundaries: Colfax to 26th; Colorado to Quebec
coloradomicroreports.com
PLATT PARK 2018
January through March
Average Price
$703,889
$689,744
-2.0%
$477
$545
14.2%
23
21
-8.7%
$1,608,256
$1,370,000
-14.8%
22
18
-18.2%
99.1%
97.9%
-1.2%
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
515 E Iliff Ave, Platt Park
POLO RESERVE 2018
January through March
Average Price
This neighborhood is great for residents who are interested in equestrian riding and polo matches.
$1,570,000
$0
-100.0%
$410
$0
-100.0%
371
0
-100.0%
$1,570,000
$0
-100.0%
1
0
-100.0%
89.7%
0.0%
-100.0%
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 March
Average Price
2018 $688,245
$993,833
44.4%
$241
$243
0.8%
41
211
414.6%
$1,007,000
$1,900,000
88.7%
21
13
-38.1%
97.9%
94.0%
-4.0%
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
5530 Spur Cross Trail, Pradera & Timbers
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 •COLORADOMICROREPORTS.COM
SADDLE ROCK January through March
2018
Average Price
$687,122
$668,936
-2.6%
$198
$226
14.5%
67
70
4.5%
$960,000
$875,000
-8.9%
13
12
-7.7%
98.2%
98.3%
0.1%
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 March
2018
Average Price
$630,163
$654,321
3.8%
$497
$423
-15.0%
26
145
457.7%
$1,151,820
$1,075,000
-6.7%
27
14
-48.1%
96.9%
97.7%
0.8%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Boundaries: Colfax to 29th; Sheridan to Federal
3231 W 21st Ave, Sloan’s Lake
SOUTHERN HILLS January through March
2018
Average Price
$745,500
$800,057
7.3%
$454
$342
-24.7%
32
19
-40.6%
$1,300,000
$1,225,000
-5.8%
7
7
0.0%
98.7%
98.1%
-0.6%
Average Price per Square Foot Average Days on Market Highest Price
% Change
2019
Properties Sold % Sold Price to List Price Boundaries: University to Colorado; Yale to Hampden
40.6%
January through March 2019, the average days on market for the neighborhood of Southern Hills decreased by 40.6% compared to that of 2018.
coloradomicroreports.com
2.2%
The average price for the neighborhood of Southglenn increased by 2.2% January through March 2019 compared to that of 2018.
SOUTHGLENN 2018
January through March
Average Price
$456,617
$466,583
2.2%
$283
$285
0.6%
8
29
262.5%
$550,000
$525,000
-4.5%
12
6
-50.0%
101.9%
98.0%
-3.8%
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
STAPLETON 2018
January through March
Average Price
$684,013
$688,628
0.7%
$311
$324
4.3%
46
28
-39.1%
$1,355,347
$1,350,000
-0.4%
62
69
11.3%
99.5%
98.9%
-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
5409 Valentina Street, Stapleton
TALLYN’S REACH January through March
Average Price
Tallyn’s Reach is known for its beautiful surroundings. Here, 200-year-old Ponderosa Pines accentuate the landscape from nearly every vantage.
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2018
% Change
2019
$545,807
$579,087
6.1%
$223
$220
-1.6%
74
89
20.3%
$835,000
$740,000
-11.4%
23
24
4.3%
98.1%
95.6%
-2.5%
Boundaries: North of E Dry Creek; South of Smoky Hill; West of S Powhaton; East of E-470
MICROMARKET REPORT | Denver Metro livsothebysrealty.com
2019 • COLORADOMICROREPORTS.COM
UPTOWN January through March
Average Price
2018 $460,434
$527,791
14.6%
$367
$399
8.7%
33
34
3.0%
$900,000
$1,364,900
51.7%
28
29
3.6%
98.8%
98.4%
-0.3%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
3.6%
The properties sold for the neighborhood of Uptown increased by 3.6% January through March 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 March
Average Price
2018 $1,262,469
$1,268,101
0.4%
$586
$585
-0.1%
52
48
-7.7%
$3,650,000
$2,613,827
-28.4%
24
23
-4.2%
96.3%
92.7%
-3.7%
Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
% Change
2019
Boundaries: Lousisana to Ellsworth; Downing to University
808 S Williams Street, Washington Park
WASHINGTON PARK WEST January through March
Average Price
2018 $694,097
$778,732
12.2%
$474
$489
3.2%
27
58
114.8%
$1,289,000
$1,850,000
43.5%
27
28
3.7%
99.3%
97.7%
-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
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.