West Metro Year End, 2016 Micro Market Report

LIV

MICRO MARKET REPORTS

WEST METRO | 2016

2232 Montane Drive, Golden

C O LO R A D O M I C R O R E P O RTS .C O M

WEST METRO NEIGHBORHOODS

10

4 5 6

9 8

11

12 13

1 2 3

14 7

1. Canyon Point

8. Sunrise Ridge

2. Golden Incorporated

9. West Woods

3. Eagle Ridge

10. Five Parks

4. Spring Mesa

11. Alkire Estates

5. Trail Village

12. Oak Park

6. Fieldstone

13. Skyline Estates

7. Mesa View Estates

14. Applewood

MICROMARKET REPORT | WEST METRO 2016 | 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.

WEST METRO AREA The West Metro Area Micro Market Report (MMR), prepared by LIV Sotheby’s International Realty, compares 2016 statistics (January through December), to that of 2015, for single family homes and attached dwellings.

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. Living in West Metro provides ample recreational opportunities with close proximity to Denver metro.

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.

Highlights from the West Metro area include Sunrise Ridge’s average price rising to $578,471, up 18.3%, from 2015. Spring Mesa’s average price rose to $774,022, up 19.8%, from 2015 and Applewood’s average price rose to $533,308, up 9.5% from 2015. Finally, West Wood’s average price rose to $544,002, up 7.1% from 2015.

2016 Highlights: • West Wood’s average price is $544,002 7.1%

• Sunrise Ridges’s average price is $578,471 18.3%

• Applewood’s average price is $533,308 9.5%

• Spring Mesa’s average price is $774,022 19.8%

MICROMARKET REPORT | WEST METRO 2016 | 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.

WEST METRO MARKET | MARKETS BY AREA

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

2015

2016

% Change

$638,500

$833,750

30.6%

$158

$230

45.6%

237

74

-68.8%

$638,500

$882,000

38.1%

1

4

300.0%

99.8%

96.6%

-3.2%

2015

2016

% Change

$487,156

$533,308

9.5%

$248

$273

9.9%

38

38

0.0%

$1,395,000

$1,200,000

-14.0%

150

111

-26.0%

95.7%

97.1%

1.4%

2015

2016

% Change

$613,875

$516,500

-15.9%

$282

$241

-14.7%

11

180

1536.4%

$622,500

$516,500

-17.0%

4

1

-75.0%

97.6%

98.4%

0.8%

2015

2016

% Change

$614,607

$613,147

-0.2%

$249

$271

9.0%

31

14

-54.8%

$1,225,000

$925,000

-24.5%

14

12

-14.3%

95.8%

99.4%

3.8%

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

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

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

MICROMARKET REPORT | WEST METRO 2016 | 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.

WEST METRO MARKET | MARKETS BY AREA

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

2015

2016

% Change

$568,625

$603,700

6.2%

$212

$215

1.6%

25

28

12.0%

$615,000

$720,000

17.1%

8

15

87.5%

98.4%

99.6%

1.3%

2015

2016

% Change

$480,216

$511,191

6.5%

$190

$206

8.3%

30

22

-26.7%

$610,000

$686,000

12.5%

37

35

-5.4%

98.1%

97.6%

-0.6%

2015

2016

% Change

$472,312

$534,562

13.2%

$283

$316

11.6%

22

24

9.1%

$1,280,000

$1,350,000

5.5%

186

168

-9.7%

99.1%

99.8%

0.7%

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

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

MICROMARKET REPORT | WEST METRO 2016 | 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.

WEST METRO MARKET | MARKETS BY AREA

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

2015

2016

% Change

$645,441

$772,800

19.7%

$201

$227

12.8%

104

46

-55.8%

$1,050,000

$1,284,000

22.3%

21

27

28.6%

91.9%

95.5%

3.9%

2015

2016

% Change

$431,167

$464,156

7.7%

$210

$225

7.3%

15

13

-13.3%

$460,000

$590,000

28.3%

6

9

50.0%

99.0%

95.3%

-3.8%

2015

2016

% Change

$442,519

$511,458

15.6%

$196

$145

-26.1%

16

14

-12.5%

$505,000

$546,000

8.1%

16

12

-25.0%

99.4%

99.1%

-0.3%

2015

2016

% Change

$645,884

$774,022

19.8%

$224

$240

7.0%

49

19

-61.2%

$800,000

$870,000

8.8%

20

16

-20.0%

98.1%

97.5%

-0.6%

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

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

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

MICROMARKET REPORT | WEST METRO 2016 | 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.

WEST METRO MARKET | MARKETS BY AREA

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

2015

2016

% Change

$489,070

$578,471

18.3%

$209

$193

-7.9%

29

44

51.7%

$570,950

$625,000

9.5%

10

18

80.0%

99.2%

96.9%

-2.3%

2015

2016

% Change

$643,000

$606,221

-5.7%

$205

$220

7.5%

66

9

-86.4%

$643,000

$900,000

40.0%

1

5

400.0%

96.1%

98.4%

2.4%

2015

2016

% Change

$507,702

$544,002

7.1%

$208

$227

9.1%

47

24

-48.9%

$805,000

$969,000

20.4%

76

75

-1.3%

97.3%

98.3%

1.0%

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

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

MICROMARKET REPORT | WEST METRO 2016 | 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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