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NEIGHBORHOOD MICROMARKET REPORT |

January through June

2016

2017

% Change

Average Price West Metro • January-September 2017 Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price Boundaries:

NEIGHBORHOOD January through June

2016

2017

% Change

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

NEIGHBORHOOD January through June

2016

2017

% Change

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

MICROMARKET REPORT | Denver Metro 303.893.3200

page 1

QUARTER 1 2017 • COLORADOMICROREPORTS.COM


WEST METRO NEIGHBORHOODS

12

6 7 5

1

8

11

13 14

16

10 15 19

17 18

2 3 20 4

9

1. Canyon Point 2. Mesa Meadows 3. Golden Incorporated 4. Eagle Ridge 5. Table Rock 6. Spring Mesa 7. Trail Village 8. Fieldstone 9. Mesa View Estates 10. Sunrise Ridge 11. West Woods 12. Village of Five Parks 13. Candelas 14. Leyden Rock 15. Ryan Ranch 16. Alkire Estates 17. Oak Park 18. Skyline Estates 19. Gardens at Table Mountain 20. Applewood

Pictured on cover: 24847 Foothills Drive North, Golden

coloradomicroreports.com


WEST METRO AREA Market Introduction The West Metro area consists of close-in suburban communities that are all located in eastern Jefferson County Colorado, and positioned just west of the central Denver metro area. West Metro areas are located on either side of I-70, which runs east-west through these areas. The West Metro area has become increasingly popular among families, with its abundance of residential neighborhoods and proximity to good employment opportunities, and entertainment venues, including Red Rocks amphitheater. Living in West Metro provides ample recreational opportunities with close proximity to Denver metro, which is why it remains a popular place to live for families and professionals of all ages. The West Metro Area Micro Market Report, prepared by LIV Sotheby’s International Realty, compares January-September 2017 statistics, (January through September), to that of 2016, for single family homes and attached dwellings. Highlights from the West Metro area include Trail Village’s average price rising to $651,049 in January – September 2017, up 7.4%, from the same time-frame in 2016. West Wood’s average price rose to $604,506, up 12% year-over-year from 2016. Skyline Estates’ average price rose to $538,815, up 5.5% year-over-year, from 2016, and Five Parks’ average price rose to $539,047, up 5.8% from 2016.

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January-September 2017 Highlights: • Five Parks’ average price is $539,047

5.8%

• Skyline Estates’s average price is $538,815

5.5%

• Trail Village’s average price is $651,094

7.4%

• West Wood’s average price is $604,506

12.0%

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 | West Metro JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM


ALKIRE ESTATES January through September Average Price

2016

$870,000

4.3%

$230

$295

28.2%

74

80

8.1%

$882,000

$870,000

-1.4%

4

1

-75.0%

96.6%

95.1%

-1.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$833,750

Average Price per Square Foot

Highest Price

2017

APPLEWOOD January through September Average Price

2016

$578,598

7.7%

$274

$308

12.6%

42

26

-38.1%

$1,200,000

$1,760,000

46.7%

89

98

10.1%

97.1%

97.4%

0.3%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$537,147

Average Price per Square Foot

Highest Price

2017

7.7%

January through September 2017, the average price in the neighborhood of Applewood increased by 7.7% compared to that of 2016.

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

2016

2017

% Change

$547,031

$555,146

1.5%

$203

$206

1.7%

172

145

-15.7%

$884,886

$1,099,900

24.3%

68

70

2.9%

98.0%

97.5%

-0.5%

coloradomicroreports.com


CANYON POINT January through September

Located just north of Golden, Canyon Point feels private, yet is close to the abundant recreational, cultural and culinary opportunities offered in Golden.

Average Price

2016

$741,983

43.7%

$241

$291

21.2%

180

16

-91.1%

$516,500

$866,900

67.8%

1

6

500.0%

98.4%

99.5%

1.1%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$516,500

Average Price per Square Foot

Highest Price

2017

EAGLE RIDGE January through September Average Price

2016

$670,571

4.3%

$278

$268

-3.7%

16

49

206.3%

$925,000

$860,000

-7.0%

8

7

-12.5%

100.5%

97.9%

-2.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$642,657

Average Price per Square Foot

Highest Price

2017

FIELDSTONE January through September Average Price

Just minutes from Golden, Fieldstone features a neighborhood of single family homes and condos close to outdoor recreation.

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

2016

2017

% Change

$594,136

$659,867

11.1%

$215

$209

-2.8%

30

16

-46.7%

$670,000

$753,203

12.4%

11

6

-45.5%

100.0%

100.0%

0.0%

MICROMARKET REPORT | West Metro livsothebysrealty.com

JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM


VILLAGE AT FIVE PARKS January through September Average Price

2016

$539,047

5.8%

$204

$214

4.8%

14

33

135.7%

$686,000

$710,000

3.5%

29

40

37.9%

99.3%

98.1%

-1.2%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$509,579

Average Price per Square Foot

Highest Price

2017

Located in north Arvada, Village of Five Parks is a popular newer neighborhood that features five different parks, retail shops, a community center, and an elementary school within walking distance.

GARDENS AT TABLE MOUNTAIN January through September Average Price

2016

$631,883

10.8%

$272

$257

-5.5%

228

133

-41.7%

$770,000

$861,498

11.9%

9

8

-11.1%

99.6%

97.8%

-1.8%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$570,126

Average Price per Square Foot

Highest Price

2017

GOLDEN INCORPORATED January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$536,521

$540,853

0.8%

$311

$330

5.9%

24

19

-20.8%

$1,350,000

$1,495,000

10.7%

118

118

0.0%

100.6%

99.9%

-0.7%

5.9%

The average price per square foot in Golden Incorporated increased by 5.9% January through September 2017 compared to that of 2016.

coloradomicroreports.com


LEYDEN ROCK January through September Average Price

2016

$553,220

-0.2%

$225

$232

3.4%

131

112

-14.5%

$800,000

$900,000

12.5%

74

114

54.1%

97.3%

98.1%

0.8%

Average Days on Market

Properties Sold % Sold Price to List Price

21.8%

January through September 2017, the average price in the neighborhood of Mesa Meadows increased by 21.8% compared to that of 2016.

% Change

$554,306

Average Price per Square Foot

Highest Price

2017

MESA MEADOWS January through September Average Price

2016

$738,781

1.2%

$350

$426

21.8%

17

21

23.5%

$910,000

$885,000

-2.7%

9

4

-55.6%

100.2%

98.6%

-1.6%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$729,767

Average Price per Square Foot

Highest Price

2017

MESA VIEW ESTATES January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$774,564

$688,600

-11.1%

$236

$237

0.6%

36

42

16.7%

$1,284,000

$850,000

-33.8%

18

16

-11.1%

97.0%

97.4%

0.4%

MICROMARKET REPORT | West Metro livsothebysrealty.com

JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM


OAK PARK January through September Average Price

2016

% Change

$452,486

$490,667

8.4%

$217

$204

-6.1%

13

14

7.7%

$590,000

$522,000

-11.5%

7

3

-57.1%

94.3%

97.7%

3.6%

Average Price per Square Foot Average Days on Market Highest Price

2017

Properties Sold % Sold Price to List Price

RYAN RANCH January through September

2016

Average Price

$625,000

$615,250

-1.6%

$193

$209

8.1%

17

115

576.5%

$660,000

$637,000

-3.5%

3

4

33.3%

100.4%

96.4%

-4.0%

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

2017

% Change

Ryan Ranch, located near Golden, features a neighborhood of single family homes with a pleasant year-round climate and an award-winning elementary school.

SKYLINE ESTATES January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$510,750

$538,815

5.5%

$206

$226

9.7%

10

20

100.0%

$546,000

$575,000

5.3%

10

13

30.0%

99.0%

98.3%

-0.7%

coloradomicroreports.com


3.4%

January through September 2017, the average price in the neighborhood of Spring Mesa increased by 3.4% compared to that of 2016.

SPRING MESA January through September Average Price

2016

$800,056

3.4%

$240

$229

-4.5%

12

50

316.7%

$840,000

$930,000

10.7%

13

9

-30.8%

97.9%

97.5%

-0.5%

Average Days on Market

Properties Sold % Sold Price to List Price

% Change

$773,950

Average Price per Square Foot

Highest Price

2017

SUNRISE RIDGE January through September Average Price

2016

$592,916

0.7%

$187

$222

18.7%

41

21

-48.8%

$625,000

$712,000

13.9%

14

16

14.3%

97.7%

97.9%

0.2%

Average Days on Market

Properties Sold % Sold Price to List Price

22.7%

The average price per square foot for the neighborhood of Table Rock increased by 22.7% January through September 2017 compared to that of 2016.

% Change

$588,755

Average Price per Square Foot

Highest Price

2017

TABLE ROCK January through September Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price

2016

2017

% Change

$644,494

$764,677

18.6%

$221

$270

22.7%

13

33

153.8%

$868,000

$863,000

-0.6%

13

13

0.0%

97.3%

97.1%

-0.3%

MICROMARKET REPORT | West Metro livsothebysrealty.com

JANUARY-SEPTEMBER 2017 • COLORADOMICROREPORTS.COM


TRAIL VILLAGE January through September Average Price

2016

% Change

$606,221

$651,094

7.4%

$220

$222

0.9%

9

29

222.2%

$900,000

$1,340,000

48.9%

5

5

0.0%

98.4%

98.7%

0.3%

Average Price per Square Foot Average Days on Market Highest Price

2017

Properties Sold % Sold Price to List Price

WEST WOODS January through September Average Price

2016

% Change

$539,617

$604,506

12.0%

$229

$244

6.4%

19

29

52.6%

$969,000

$1,340,000

38.3%

57

68

19.3%

98.7%

98.9%

0.2%

Average Price per Square Foot Average Days on Market Highest Price

2017

Properties Sold % Sold Price to List Price

NUMBER OF DAYS OF SUNSHINE: 300

12.0%

January through September 2017, the average price in the neighborhood of West Woods increased by 12.0% compared to that of 2016.

NUMBER OF CRAFT BREWERIES IN GOLDEN: 6

DESIGNATED ACRES FOR PARKS IN ARVADA: 3,400

coloradomicroreports.com


WE ARE.

THE VOICE OF COLORADO REAL ESTATE

1523 Copper Rose Drive, Golden

14

1

Exceptional Brand


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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