Foothills Year End, 2018 Micro Market Report

MICROMARKET REPORT |

Foothills • 2019

FOOTHILLS NEIGHBORHOODS 18

19 14

1

6 7

20

8

13

10 5

2.

Upper Bear Creek

3.

Hangen Ranch

4.

Shadow Mountain

5.

Brook Forest

7.

Ridge at Hiwan

8.

Hiwan Golf 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.

Mount Vernon Canyon

20.

Riva Chase

Pictured on cover: 2223 Montane Drive East, Genesee

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FOOTHILLS market update The Colorado Foothills parallel the Front Range, offering spectacular mountain views and abundant wildlife. Neighborhoods such as Genesee, Lookout Mountain, Hiwan Hills, and more, complete the Foothills’ report by LIV Sotheby’s International Realty.

Many are drawn to living in the Foothills due to the close proximity to Denver and easy drive to the resort communities. Offering a true Colorado lifestyle, these areas saw an

January-December 2018 Highlights:

increase in real estate activity when comparing results from 2018 to 2017.

With a noticeable increase in interested buyers, the Foothills saw dramatic decreases in average days on market. Evergreen Meadows West presented the largest decrease

• Bear Mountain’s average price is $904,113

17.3%

• Conifer’s average price is $634,727

16.3%

• Hangen Ranch’s average price is $1,033,100

16.9%

• Hiwan Hills’ average price is $638,868

43.1%

of 70.2% to under one month for average days on market in 2018 (28 days in 2018, from 94 days in 2017). Conifer Mountain also reported a large decrease in average days on market by 68.1% to just 23 in 2018 (from 72 days in 2017). Impressively, six other Foothills’ neighborhoods also showed a decrease of over 50% in average days on market: Bear Mountain, Hiwan Hills, Lookout Mountain, Ridge at Hiwan, Shadow Mountain, and Spring Ranch.

Another notable highlight for the Foothills is an increase of over 15% in average price for Bear Mountain, Conifer Mountain, Hangen Ranch, Hiwan Hills, Ridge at Hiwan, and Tanoa.

Hiwan Hills reported a 43% increase in average price, the highest for the Foothills, from $583,529 in 2017 to $638,868 in 2018. Right behind Hiwan Hills, Tanoa also showed a notable increase of 38.8% in average price from $710,125 in 2017 to $985,400 in 2018.

Each neighborhood within the Colorado Foothills provides a different environment, thus a different real estate market. This report details each neighborhood to provide an overview of 2018 results compared to 2017 for average price, average price per square foot, average days on market, highest price, properties sold, and percentage soldprice to list-price.

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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 December Average Price

2017

$904,113

17.3%

$334

$317

-5.0%

131

53

-59.5%

$1,400,000

$1,900,000

35.7%

13

15

15.4%

94.2%

96.80%

2.7%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$770,725

Average Price per Square Foot

Highest Price

2018

23.5% of Brook Forest’s residents work from home, which is a higher percentage than 99.7% of other United States neighborhoods.

BROOK FOREST January through December Average Price

2017

$463,465

0.9%

$253

$303

19.9%

34

37

8.8%

$1,800,000

$721,000

-59.9%

27

27

0.0%

97.5%

98.0%

0.5%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$459,307

Average Price per Square Foot

Highest Price

2018

26271 Richmond Hill Road, Conifer

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

2017

2018

% Change

$545,596

$634,727

16.3%

$265

$310

17.3%

72

23

-68.1%

$840,000

$895,000

6.5%

25

15

-40.0%

96.6%

99.0%

2.5%

68.1%

The average days on market for the neighborhood of Conifer Mountain decreased by 68.1% January through December, 2018 compared to that of 2017.

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EVERGREEN HIGHLANDS January through December Average Price

2017

$642,100

5.2%

$268

$316

17.9%

24

16

-33.3%

$735,000

$771,500

5.0%

12

10

-16.7%

99.4%

99.48%

0.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$610,408

Average Price per Square Foot

Highest Price

2018

6383 Little Cub Creek Road, Evergreen Highlands

18%

The average price per square foot for the neighborhood of Evergreen Meadows increased by 18%.

EVERGREEN MEADOWS January through December Average Price

2017

$516,773

-17.9%

$245

$289

18.0%

37

28

-24.3%

$1,038,780

$1,045,000

0.6%

30

24

-20.0%

96.9%

101.62%

4.9%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$629,403

Average Price per Square Foot

Highest Price

2018

EVERGREEN MEADOWS WEST January through December Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2017

2018

% Change

$540,462

$527,468

-2.4%

$270

$289

7.4%

94

28

-70.2%

$730,000

$716,650

-1.8%

13

11

-15.4%

95.6%

101.62%

6.3%

28775 Cragmont Drive, Evergreen Meadows

MICROMARKET REPORT | Foothills livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

EVERGREEN PARK ESTATES January through December

2017

Average Price

$598,111

8.3%

$309

$309

0.1%

28

16

-42.9%

$850,000

$875,000

2.9%

8

9

12.5%

99.3%

102.28%

3.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$552,375

Average Price per Square Foot

Highest Price

2018

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

2017

Average Price

% Change

$930,432

$882,769

-5.1%

$329

$345

4.8%

63

55

-12.7%

$2,500,000

$1,555,000

-37.8%

46

49

6.5%

93.6%

96.17%

2.8%

Average Price per Square Foot Average Days on Market Highest Price

2018

Properties Sold % Sold Price to List Price

23331 Morning Rose Drive, Genesee

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

2017

2018

% Change

$883,821

$1,033,100

16.9%

$305

$353

16.0%

54

70

29.6%

$1,625,000

$3,000,000

84.6%

7

9

28.6%

96.0%

96.52%

0.6%

16.9%

January through December, 2018, the average price for the neighborhood of Hangen Ranch increased by 16.9% compared to that of 2017.

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HIWAN GOLF CLUB January through December Average Price

2017

$856,546

12.7%

$294

$309

5.3%

41

36

-12.2%

$1,195,000

$1,800,000

50.6%

17

25

47.1%

97.9%

98.07%

0.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$759,824

Average Price per Square Foot

Highest Price

2018

29350 Buchanan Drive, Hiwan Hills

43.1%

January through December, 2018, the average price for the neighborhood of Hiwan Hills increased by 43.1% compared to that of 2017.

HIWAN HILLS January through December Average Price

2017

$638,868

43.1%

$303

$251

-17.2%

35

13

-62.9%

$810,000

$835,000

3.1%

14

19

35.7%

98.0%

98.11%

0.2%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$583,529

Average Price per Square Foot

Highest Price

2018

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

2017

2018

% Change

$699,789

$748,521

7.0%

$288

$319

10.8%

63

31

-50.8%

$1,035,000

$1,021,401

-1.3%

19

16

-15.8%

95.2%

98.05%

3.0%

MICROMARKET REPORT | Foothills livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

MOUNT VERNON CANYON January through December

2017

Average Price

$703,320

-2.3%

$365

$269

-26.1%

35

68

94.3%

$859,000

$820,000

-4.5%

3

3

0.0%

99.7%

96.92%

-2.8%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$719,633

Average Price per Square Foot

Highest Price

2018

2763 Cortina Lane, Ridge at Hiwan

RIDGE AT HIWAN January through December Average Price

2017

$1,117,871

19.0%

$290

$327

12.9%

100

37

-63.0%

$1,850,000

$1,630,000

-11.9%

28

21

-25.0%

95.2%

96.58%

1.4%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$939,664

Average Price per Square Foot

Highest Price

2018

12.9%

January through December, 2018, the average price per square foot in the neighborhood of Ridge at Hiwan increased by 12.9% compared to that of 2017.

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

2017

2018

% Change

$897,429

$1,025,967

14.3%

$277

$264

-4.4%

39

98

151.3%

$1,175,000

$1,400,000

19.1%

7

5

-28.6%

96.9%

85.11%

-12.2%

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SHADOW MOUNTAIN January through December

Shadow Mountain, located in beautiful Conifer, Colorado, is surrounded by hiking trails and offers residences easy access to Staunton State Park.

Average Price

2017

$489,273

-9.9%

$274

$287

5.2%

74

28

-62.2%

$1,260,000

$772,500

-38.7%

20

12

-40.0%

96.3%

96.58%

0.3%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$542,885

Average Price per Square Foot

Highest Price

2018

SODA CREEK January through December

2017

2018

Average Price

$1,463,631

$1,329,785

-9.1%

$326

$320

-1.8%

202

124

-38.6%

$3,000,000

$2,212,500

-26.3%

16

13

-18.8%

92.5%

94.11%

1.7%

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

4.9%

January through December, 2018, the percent sold price to list price in the neighborhood of Spring Ranch increased by 4.9% compared to that of 2017.

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

2017

2018

% Change

$1,633,560

$1,253,904

-23.2%

$378

$395

4.7%

208

81

-61.1%

$2,332,800

$1,500,925

-35.7%

5

6

20.0%

92.3%

96.88%

4.9%

MICROMARKET REPORT | Foothills livsothebysrealty.com

2019 • COLORADOMICROREPORTS.COM

TANOA January through December Average Price

2017

$985,400

38.8%

$291

$352

20.8%

39

30

-23.1%

$1,000,000

$1,375,000

37.5%

8

5

-37.5%

96.7%

98.61%

2.0%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$710,125

Average Price per Square Foot

Highest Price

2018

3040 Interlocken Drive, Tanoa

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

2017

2018

% Change

$978,063

$1,001,000

2.3%

$500

$357

-28.4%

44

65

47.7%

$1,860,000

$2,150,000

15.6%

3

8

166.7%

96.4%

94.54%

-1.9%

DESIGNATED ACRES FOR PARKS IN EVERGREEN: 54,000

2.3%

The average price in the neighborhood of Upper Bear Creek increased by 2.3% January through December, 2018 compared to that of 2017.

EVERGREEN HIGH SCHOOL IN COLORADO RANKINGS: 10

AVERAGE COMMUTE TIME TO METRO DENVER: 30 MINUTES

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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.