The 2024 Slifer Report | Front Range

THE SLIFER REPORT

F RO N T R A N G E 2 0 2 4 R E A L E S TAT E

CO N TEN TS

6|

COLORADO MARKET OVERVIEW

8|

2024 ECONOMIC REVIEW

10 |

BOULDER VALLEY

12 |

NORTH METRO & BROOMFIELD

14 |

DENVER

16 |

SOUTHEAST DENVER

STAY UP TO DATE ALL YEAR LONG

& AURORA 18 |

WEST METRO & FOOTHILLS

20 |

NORTHERN COLORADO

22 |

NORTHEAST DENVER

24 |

SOUTH METRO

26 |

2023 NOTABLE SALES

Slifer Sm it h & Fram p t on Real Est at e | 2

Our team of market experts updates The Slifer Report throughout the year.

To see the latest numbers and dive even deeper into the report, scan the code or visit: SliferFront Range.com/Resources/Slifer-Report

SOURCE Sold residential and land properties within respective markets January 1, 2023 - December 31, 2023. Source of area market data in this report is RE Colorado. Information deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information.

A L ETTER FRO M O UR PRESID EN T

REFL ECTIN G O N 20 23 2023 was a year of adaptability, particularly in Colorado's job market and real estate sectors. Colorado's rapid recovery in the post-Covid labor market, signif icantly outpacing previous economic cycles, highlights the robustness and dynamic nature of our economy. Yet, we've also navigated through some challenging waters.

The housing market has felt the impact of the broader economic shifts in response to climbing interest rates, which peaked at 7.79% in October. This marked increase from the mid-6% range in 2022, and a stark rise from the low of 2.9% in 2021. Notably, research from the Colorado Business Economic Outlook by the Leeds School of Business reveals that 92% of Colorado's mortgages had interest rates below 5%, the second highest in the nation, surpassing the national average of 82%. This has resulted in many potential buyers remaining in their current homes, awaiting interest rate relief.

Despite these challenges, 2023 was a year of remarkable achievements for our Front Range team. Defying trends, we celebrated surpassing our 2022 performance in overall volume. We set record sales in both Boulder and Denver markets, inaugurated a new f lagship off ice in Cherry Creek, and expanded our team by over 25%. These accomplishments, amid economic headwinds, are a testament to the strength of our local and global brand, the commitment to Gold Standard professionalism enabling us to capture the tailwinds of the f light to quality and value proposition.

Looking ahead to 2024, we approach the future with cautious optimism.

The Front Range is projected to see a 5% increase in new housing permits, supported by ongoing migration to the state and a slight softening in interest rates. This modest yet promising improvement underscores Colorado's lasting appeal. Balancing caution with optimism we aim to harness opportunities while staying mindful of the realities of our current economic landscape.

ORLY RIPMA STER Front Rang e Market Presid ent

WE ARE SLIFER SMITH & FRAMPTON

COL ORA DO' S REA L ESTAT

270+

120+

$13B+

100%

world-class agents across Colorado

dedicated & local support staff

sales volume since 2020

Colorado owned & operated

#1 Colorado's leading, independent real estate company

TE COMPA NY Ch er r y Cr eek

Roaring Fork Valley

Vail Valley

Summit County

Front Range

6 L OCATIONS

12 L OCATIONS

3 L OCATIONS

5 L OCATIONS

COLORADO MARKET OVERVIEW The fundamental strength of Colorado's economy ? its educated workforce and high quality of life ? remains a bedrock of stability. As we step into 2024 and beyond, this resilience not only bolsters our conf idence in the future but also cements our position as a national leader with a competitive edge.

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Economic Performance: In 2023, Colorado's economy demonstrated resilience, achieving a 2.4% GDP growth that exceeded the projected 1.0%. Although indicative of a slowing pace, our growth highlights our status as a national leader in economic performance since the Great Financial Crisis. Now home to over 5 million people, our Front Range economy is poised to weather the storm despite emerging pockets of sub market softness.

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Real Estate Behavioral Change: The state's real estate sector is undergoing signif icant transformation, driven by evolving work habits and lifestyle shifts. A notable labor shortage is evident, with job openings almost doubling the number of unemployed individuals, far exceeding the national average. The Work From Home trend, now normalized at around 26% of the workforce according to the Census Bureau, continues to signif icantly impact job searches and the off ice market. This trend contributed to a 30-year high in Colorado's off ice vacancy rates in Q2 2023, presenting continued risks in both macro and micro-economic contexts.

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Inf lat ion and Consumer Sent iment : The Front Range has consistently experienced inf lation rates higher than the national average, outpacing it in 11 of the past 13 years, primarily due to the housing market.

Despite a slight moderation in inf lation in 2023, with prices rising by 5.5% compared to 7.7% the previous year, Colorado's consumer sentiment remains cautiously optimistic, ref lecting a resilient economic outlook.

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Demographic Shif t s: Colorado is amid signif icant demographic transformations, especially noticeable in the under-18 and over-65 age groups. The state is bracing for a historic demographic shift by 2035, where the over-65 population is expected to surpass the under-18 group for the f irst time. This change holds profound implications for public policy, particularly in areas of education and infrastructure.

COLORADO POPULATION

COLORADO JOBS

SOURCE | U.S. Census Bureau & Colorado Department of Labor and Unemployment

Pictured | Biker in Vail Valley

COLORADO ACCUMULATED REAL ESTATE APPRECIATION

+187.8% Since 20 0 3

SOURCE | FHFA House Price Index and FOCUS1ST

NEW DEVELOPMENT ACROSS COLORADO

9097' FLATS | Frisco

SOLITUDE | Breckenridge

AURA | Snowmass

9097Flats.com

SolitudeBreckenridge.com

AuraSnowmass.com

11

$ 2B +

30 0 +

Projects launched in 2023

Division historic closed + pending sales

New homes delivered

With strong economic activity across the state new development was a key driver of growth in 2023, and we believe the creation of new high-quality homes will continue to be critical as Colorado settles into a new economic equilibrium. Slifer Smith & Frampton is proud to be the only brokerage in Colorado with a full division dedicated to bringing new developments to market. Our end-to-end service continued to deliver in 2023, creating more new homes in our communities.

This year the division celebrated over $2 billion in closed & pending sales since it started in 2020.

To learn more, visit SliferDevelopment Sales.com >>> The Slifer Rep ort 20 24 | 7

2024 ECONOMIC FORECAST N A V IGA TIN G A D YN A MIC L A N D SCA PE Colorado?s trajectory, specif ically the Front Range region, ref lects our nationwide appeal despite economic headwinds, and also underscores the need for strategic planning in infrastructure and services to accommodate our projected growth.

Resident ial Const ruct ion: In 2024, Colorado's residential construction sector is poised to navigate the complexities of a high-interest rate environment. With an estimated 38,000 home starts projected, there's a noticeable decrease from the 2021 peak of 56,000. However, this f igure demonstrates signif icant resilience, especially when compared to the post-Great Financial Crisis era, where home starts dramatically fell from 50,000 to just 10,000.

Workforce and Educat ion: Colorado's workforce continues to thrive, particularly in sectors like science, engineering, and professional services, which are projected to grow by 5% in 2024. This follows robust growth in previous years and is bolstered by the state's impressive educational achievements. Colorado, now ranked 5th nationally in education attainment and recognized as a burgeoning hub for tech talent and startups, is poised for an additional 1.4% job increase in 2024, translating to approximately 42,000 new jobs across the state.

Technology and Tourism: The technology sector and tourism are integral to Colorado's economic vitality. The technology industry, experiencing substantial growth, bolsters Colorado's allure for tech talent and startups. Tourism, another strong economic driver, saw a remarkable uptick in 2023, with a 6.9% increase in visitors, contributing to a 25.3% rise in travel spending. Denver International Airport, exceeding its initial capacity with a record 70 million passengers, underscores this growth.

Populat ion Dynamics and Forecast : In 2024, Colorado is on track to welcome an additional 62,000 residents, pushing the state's population to nearly 6 million. The Front Range, the heartbeat of the state's demographic growth, is expected to absorb most of this increase. Between 2020 and 2030, the state's population is projected to grow by 600,000, with an astonishing 88% of this growth concentrated along the Front Range. Looking further ahead to 2050, Colorado is set to reach a population of approximately 7.49 million, with the Front Range hosting a staggering 85%of the state's total population. >>> INTEREST RATES The 2023 Fed rate hike to a 22-yer high of 5.25-5.5% signif icantly cooled the real estate market, slashing new building permits by 27.5% and prolonging average sale times from 19 to 31 days in the Front Range. While trending downwards, the interest rate environment remains a cautious watchpoint. As all markets seek balance, our analysis points to an interest rate adjustment in the coming quarters. Historically, the spread between 30-year f ixed rates and the 10-year Treasury rate is 1.875%, suggesting a latent potential rate of 6.01% IF current trends were aligned. Recently, 2023 saw that gap widened signif icantly, and we expect a reversion to the mean in 2024, offering a natural easing of rates.

Pictured | Boulder, Colorado

LONG TERM QUARTERLY 30 YEAR FIXED RATE VS. PURCHASE INDEX

U.S. EXISTING HOME SALES (SAAR) LONG TERM TRENDS

The Slifer Rep ort 20 24 | 9

- - - - - - - - SSF FO RECA ST

SOURCE | National Association of Realtors

Pictured | Boulder Flatirons

BOULDER VALLEY

POPULATION | 327,468 POPULATION GROWTH | +11.16% SINCE 2010 MEDIAN AGE | 37.2 *UNEMPLOYMENT RATE | 2.9% MEDIAN HOUSEHOLD INCOME | $99,770 AVERAGE COMMUTE TIME | 23.4 MINUTES HOME OWNERSHIP RATE | 62.3% *MEDIAN PROPERTY SALE PRICE | $825,000

IN THE KNOW...

5 TIDBITS FROM THE LOCALS

1. FARM TO TABLE at Black Cat Farm 2. BROWSE vint age posters and historic maps at Art Source internat ional 3. STROLL t hrough t he Boulder Farmers Market 4. LEAF PEEP on t he Peak to Peak Highway 5. CHEER on t he CU Buffs at Folsom Field

SOURCE | 2021data from DataUSA & U.S. Bureau of Labor Statistics *Median Sale for Single Family & Duplex for 2023 *Unemployment Rate: Q4 2023

Bould er Count y Dat a

SIN GL E FA MIL Y & D UPL EX SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$1,80 4 ,797,750

2,50 2

38

$721,34 2

$589,950

20 20

$2,0 88,787,796

2,717

36

$768,785

$635,0 0 0

20 21

$4 ,728,889,80 6

4 ,70 0

21

$1,0 0 5,795

$783,0 0 0

20 22

$3,795,161,229

3,534

21

$1,0 73,90 0

$84 2,250

20 23

$3,252,4 64 ,715

3,0 0 0

38

$1,0 84 ,155

$825,0 0 0

CO N D O MIN IUM & TO W N HO ME SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$378,995,0 25

897

43

$4 22,514

$370 ,34 7

20 20

$396,759,4 4 5

888

36

$4 4 6,80 1

$391,750

20 21

$1,0 80 ,220 ,54 5

2,0 54

30

$525,911

$4 4 6,4 20

20 22

$934 ,379,823

1,515

22

$616,752

$515,0 0 0

20 23

$74 1,989,837

1,287

43

$576,527

$4 99,50 0

A V ERA GE PRICE PER SQ UA RE FO O T ( SFR)

Ahighlights REA

-2% Median Sale

-15% No. of Sales

$

372

Avg. Price Per Square Foot (SFR)

TO P 5 PL A CES TO L IV E IN THE U.S.

TO TA L SA L ES V O L UME CO MPA RISO N

The Slifer Rep ort 20 24 | 11

Pictured | Stearns Lake

NORTH METRO | BROOMFIELD

POPULATION | 756,121 POPULATION GROWTH | +36.2% SINCE 2010 MEDIAN AGE | 38.4 *UNEMPLOYMENT RATE | 3.2% MEDIAN HOUSEHOLD INCOME | $117,541 AVERAGE COMMUTE TIME | 26.8 MINUTES HOME OWNERSHIP RATE | 65.3% *MEDIAN PROPERTY SALE PRICE | $695,000

IN THE KNOW...

5 TIDBITS FROM THE LOCALS

1. SIP at 4 Noses Brewing Company 2. VISIT Broomf ield Days 3. ENJOY over 280 miles of walking and biking t rails 4. EAT at t he Burns Pub & Rest aurant 5. PADDLE board on St andley Lake

SOURCE | 2021data from DataUSA & U.S. Bureau of Labor Statistics *Median Sale for Single Family & Duplex for 2023 *Unemployment Rate: Q4 2023

Broom field Count y Dat a

SIN GL E FA MIL Y & D UPL EX SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$60 2,239,0 79

1,0 88

34

$553,529

$50 8,0 0 0

20 20

$60 5,616,0 56

1,0 25

25

$590 ,84 5

$530 ,30 0

20 21

$84 0 ,229,923

1,195

13

$70 3,121

$635,0 0 0

20 22

$699,212,0 4 5

916

17

$763,332

$688,0 0 0

20 23

$588,74 8,4 4 3

737

28

$798,84 5

$695,0 0 0

CO N D O MIN IUM & TO W N HO ME SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$63,874 ,74 5

175

29

$364 ,999

$350 ,0 0 0

20 20

$84 ,84 1,375

222

26

$382,168

$379,975

20 21

$151,536,254

337

16

$4 4 9,662

$4 50 ,0 0 0

20 22

$160 ,518,881

311

23

$516,138

$530 ,0 0 0

20 23

$124 ,50 3,687

24 2

43

$514 ,4 78

$528,70 0

A V ERA GE PRICE PER SQ UA RE FO O T ( SFR)

Ahighlights REA

1% Median Sale

-19% no. of sales

$

30 3

Average Price per square foot (SFR)

21,0 0 0 A CRES 5 TH SMA L L EST CO UN TY IN THE U.S.

TO TA L SA L ES V O L UME CO MPA RISO N

The Slifer Rep ort 20 24 | 13

Pictured | Union Station from The Coloradan

DENVER

POPULATION | 713,252 POPULATION GROWTH | +18.84% SINCE 2010 MEDIAN AGE | 34.8 *UNEMPLOYMENT RATE | 3.4% MEDIAN HOUSEHOLD INCOME | $85,853 AVERAGE COMMUTE TIME | 25.3 MINUTES HOME OWNERSHIP RATE | 49.6% *MEDIAN PROPERTY SALE PRICE | $663,618

IN THE KNOW...

5 TIDBITS FROM THE LOCALS

1. CELEBRATE t he West at t he Nat ional Western Stock Show 2. UNWIND at Hotel Clio 3. IMMERSE in art at t he Museum of Contemporary Art 4. RELAX at t he Oakwell Beer Spa 5. DIVE into Michelin cuisine at The Wolf 's Tailor

SOURCE | 2021data from DataUSA & U.S. Bureau of Labor Statistics *Median Sale for Single Family & Duplex for 2023 *Unemployment Rate: Q4 2022

Denver Count y Dat a

SIN GL E FA MIL Y & D UPL EX SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$4 ,4 98,966,637

7,516

28

$598,585

$4 88,50 0

20 20

$5,334 ,112,4 51

8,0 84

21

$659,836

$535,0 0 0

20 21

$6,719,930 ,90 0

8,595

13

$781,90 5

$627,50 0

20 22

$5,80 4 ,194 ,289

6,60 6

15

$878,625

$691,0 0 0

20 23

$4 ,599,673,199

5,310

27

$866,0 55

$663,618

CO N D O MIN IUM & TO W N HO ME SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$2,695,197,4 64

5,932

37

$4 54 ,34 9

$375,0 0 0

20 20

$2,963,119,992

6,317

36

$4 69,0 71

$4 15,0 0 0

20 21

$3,963,4 98,84 8

7,520

27

$527,0 61

$4 35,0 0 0

20 22

$3,192,994 ,54 1

5,622

20

$567,94 6

$4 55,0 0 0

20 23

$2,382,872,313

4 ,279

32

$556,876

$4 4 0 ,0 0 0

Ahighlights REA

-4 % Median Sale

A V ERA GE PRICE PER SQ UA RE FO O T ( SFR)

-20 % no. of Sales

$

387

Average Price Per Square Foot (SFR)

5,28 0 ' EL EVATIO N

TO TA L SA L ES V O L UME CO MPA RISO N

30 0 DAYS O F SUN SHIN E

The Slifer Rep ort 20 24 | 15

Pictured | Cherry Creek State Park

SOUTHEAST DENVER | AURORA

POPULATION | 655,808 POPULATION GROWTH | +14.65% SINCE 2010 MEDIAN AGE | 37 *UNEMPLOYMENT RATE | 3.2% MEDIAN HOUSEHOLD INCOME | $92,292 AVERAGE COMMUTE TIME | 27.8 MINUTES HOME OWNERSHIP RATE | 64.9% *MEDIAN PROPERTY SALE PRICE | $585,000

IN THE KNOW...

5 TIDBITS FROM THE LOCALS

1. TRAIN at Snöbahn Indoor Ski Facilit y 2. ENJOY a show at Got hic Theater 3. INDULGE t he outdoor act ivit ies at Cherry Creek St ate Park and Reservoir 4. PERUSE t hrough St anley Market place 5. DINE at Annet te

SOURCE | 2021data from DataUSA & U.S. Bureau of Labor Statistics *Median Sale for Single Family & Duplex for 2023 *Unemployment Rate: Q4 2023

A rap ahoe Count y Dat a

SIN GL E FA MIL Y & D UPL EX SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$4 ,0 71,0 78,80 4

8,0 95

28

$50 2,913

$4 20 ,0 0 0

20 20

$4 ,70 5,298,0 0 0

8,633

21

$54 5,0 36

$4 50 ,0 0 0

20 21

$5,682,987,559

8,771

11

$64 7,929

$535,0 0 0

20 22

$5,0 4 8,0 95,84 1

7,10 3

16

$710 ,699

$597,50 0

20 23

$4 ,267,0 75,550

5,715

30

$74 6,64 5

$585,0 0 0

CO N D O MIN IUM & TO W N HO ME SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$1,183,914 ,4 0 6

4 ,0 62

29

$291,4 61

$270 ,0 0 0

20 20

$1,295,583,971

4 ,24 9

26

$30 4 ,915

$282,0 0 0

20 21

$1,64 1,156,195

4 ,74 0

14

$34 6,235

$322,950

20 22

$1,4 4 7,895,34 3

3,765

13

$384 ,567

$365,0 0 0

-2%

20 23

$1,20 4 ,586,582

3,0 72

25

$392,118

$369,0 0 0

Median Sale

A V ERA GE PRICE PER SQ UA RE FO O T ( SFR)

Ahighlights REA

-20 % no. of Sales

$

274

Average Price Per Square Foot (SFR)

8 ,0 0 0 A CRES O F O PEN SPA CE

TO TA L SA L ES V O L UME CO MPA RISO N

The Slifer Rep ort 20 24 | 17

Pict ured | Red Rocks Park & A m p hit heat er

WEST METRO | FOOTHILLS

POPULATION | 576,143 POPULATION GROWTH | +7.78% SINCE 2010 MEDIAN AGE | 40.2 *UNEMPLOYMENT RATE | 3.0% MEDIAN HOUSEHOLD INCOME | $103,167 AVERAGE COMMUTE TIME | 27 MINUTES HOME OWNERSHIP RATE | 70.8% *MEDIAN PROPERTY SALE PRICE | $675,000

IN THE KNOW...

5 TIDBITS FROM THE LOCALS

1. DINE at Sherpa House 2. VISIT St aunton St ate Park for ample hiking t rails 3. FIND vint age goods at t he Pine Emporium 4. FLOW at Yoga on t he Rocks 5. TUBE down Clear Creek in Golden

SOURCE | 2021data from DataUSA & U.S. Bureau of Labor Statistics *Median Sale for Single Family & Duplex for 2023 *Unemployment Rate: Q4 2023

Jefferson Count y Dat a

SIN GL E FA MIL Y & D UPL EX SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$4 ,0 23,629,786

7,4 89

28

$537,272

$4 72,50 0

20 20

$4 ,793,791,811

8,150

22

$588,195

$520 ,0 0 0

20 21

$6,161,253,950

8,719

12

$70 6,666

$615,0 0 0

20 22

$5,390 ,184 ,0 85

6,80 3

17

$792,325

$681,0 0 0

20 23

$4 ,4 91,877,210

5,70 1

27

$787,893

$675,0 0 0

CO N D O MIN IUM & TO W N HO ME SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$897,10 9,119

2,787

23

$321,891

$295,0 0 0

20 20

$1,0 0 7,180 ,882

3,0 14

20

$334 ,168

$30 9,70 0

20 21

$1,20 8,14 7,361

3,132

12

$385,74 3

$364 ,0 0 0

20 22

$1,24 6,753,4 0 7

2,769

14

$4 50 ,254

$4 15,0 0 0

-1%

20 23

$1,0 35,317,389

2,276

28

$4 54 ,885

$4 15,0 0 0

Median Sale

A V ERA GE PRICE PER SQ UA RE FO O T ( SFR)

Ahighlights REA

-16% no. of Sales

$

320

Average Price Per Square Foot

70 .8 % HO ME OW N ERSHIP

TO TA L SA L ES V O L UME CO MPA RISO N

The Slifer Rep ort 20 24 | 19

Pictured | Horsetooth Reservoir

NORTHERN COLORADO

POPULATION | 716,954 POPULATION GROWTH | +29.77% SINCE 2010 MEDIAN AGE | 35.5 *UNEMPLOYMENT RATE | 3.05% MEDIAN HOUSEHOLD INCOME | $88,190 AVERAGE COMMUTE TIME | 25.7 MINUTES HOME OWNERSHIP RATE | 70.15% *MEDIAN PROPERTY SALE PRICE | $530,998

IN THE KNOW...

TOP 5 TIDBITS FROM THE LOCALS

1. BOOK a tee t ime at TPC Colorado Golf Club 2. FLOAT down t he beaut iful Cache La Poudre River 3. LOUNGE at The Sunset Lounge at t he Elizabet h Hotel 4. JAM out at t he Mishawaka Amphit heat re 5. CAMP at Big Thompson Campground on Carter Lake Reservoir SOURCE | 2021data from DataUSA & U.S. Bureau of Labor Statistics *Median Sale for Single Family & Duplex for 2023 *Unemployment Rate: Q4 2023

Larim er & W eld Count y Dat a

SIN GL E FA MIL Y & D UPL EX SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$2,4 68,0 12,218

5,592

41

$4 4 1,34 7

$396,0 80

20 20

$2,94 4 ,10 8,955

6,272

38

$4 69,4 0 5

$4 20 ,0 0 0

20 21

$8,957,70 5,285

16,64 9

21

$537,94 5

$4 75,0 0 0

20 22

$7,861,967,571

12,980

21

$60 5,699

$534 ,973

20 23

$5,963,231,0 98

9,794

40

$60 8,918

$530 ,998

CO N D O MIN IUM & TO W N HO ME SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$199,160 ,0 96

656

34

$30 3,598

$289,90 0

20 20

$254 ,60 3,721

788

44

$323,10 1

$30 2,0 0 0

20 21

$1,174 ,20 3,767

3,159

25

$371,70 1

$34 6,4 35

20 22

$1,0 0 9,810 ,595

2,4 4 3

23

$4 13,34 9

$389,90 0

20 23

$854 ,0 4 3,0 63

2,0 0 5

40

$4 25,957

$4 0 0 ,0 0 0

A V ERA GE PRICE PER SQ UA RE FO O T ( SFR)

Ahighlights REA

-1% Median Sale

-25% no. of Sales

$

262

Price Per Square Foot (SFR)

#1 FA STEST GROW IN G REGIO N IN CO L O RA D O

TO TA L SA L ES V O L UME CO MPA RISO N

The Slifer Rep ort 20 24 | 21

Pict ured | Rocky Mount ain A rsenal W ild life Refug e

NORTHEA ST DENVER | A DA MS COUNTY

POPULATION | 527,575 POPULATION GROWTH | +19.46% SINCE 2010 MEDIAN AGE | 34.2 *UNEMPLOYMENT RATE | 3.4% MEDIAN HOUSEHOLD INCOME | $86,297 AVERAGE COMMUTE TIME | 29.9 MINUTES HOME OWNERSHIP RATE | 67.9% *MEDIAN PROPERTY SALE PRICE | $530,000

IN THE KNOW...

5 TIDBITS FROM THE LOCALS

1. DISCOVER Rocky Mount ain Arsenal Nat ional Wildlife Refuge 2. SHOP at t he Orchard Town Center 3. EASE into your day at Sweet Bloom Coffee 4. EXPLORE Adams Count y Fair 5. LEARN how to line dance at t he Grizzly Rose SOURCE | 2021data from DataUSA & U.S. Bureau of Labor Statistics *Median Sale for Single Family & Duplex for 2023 *Unemployment Rate: Q4 2023

A d am s Count y Dat a

SIN GL E FA MIL Y & D UPL EX SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$2,920 ,710 ,4 99

7,197

30

$4 0 5,823

$380 ,0 0 0

20 20

$3,237,24 8,161

7,378

21

$4 38,770

$4 12,0 0 0

20 21

$4 ,222,4 62,682

8,184

11

$515,855

$4 84 ,0 0 0

20 22

$3,780 ,0 28,0 66

6,514

19

$580 ,293

$550 ,0 0 0

20 23

$3,20 4 ,865,563

5,676

35

$564 ,665

$530 ,0 0 0

CO N D O MIN IUM & TO W N HO ME SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$517,166,995

1,828

27

$282,914

$279,950

20 20

$64 4 ,294 ,10 0

2,119

23

$30 4 ,0 56

$30 4 ,0 0 0

20 21

$827,788,0 4 0

2,363

13

$350 ,312

$350 ,0 0 0

20 22

$760 ,626,795

1,874

16

$4 0 5,884

$4 0 0 ,0 0 0

20 23

$566,777,24 3

1,4 30

33

$396,34 8

$4 0 0 ,0 0 0

A V ERA GE PRICE PER SQ UA RE FO O T ( SFR)

Ahighlights REA

-4 % Median Sales Price

-13% no. of Sales

$

267

Average Price Per Square Foot (SFR)

15,9 8 8 A CRE W IL D L IFE REFUGE

TO TA L SA L ES V O L UME CO MPA RISO N

The Slifer Rep ort 20 24 | 23

Pict ured | W at ert on Canyon

SOUTH METRO

POPULATION | 375,988 POPULATION GROWTH | +31.71% SINCE 2010 MEDIAN AGE | 39.1 *UNEMPLOYMENT RATE | 3% MEDIAN HOUSEHOLD INCOME | $139,010 AVERAGE COMMUTE TIME | 27.3 MINUTES HOME OWNERSHIP RATE | 78.4% *MEDIAN PROPERTY SALE PRICE | $722,490

IN THE KNOW...

5 TIDBITS FROM THE LOCALS

1. RELAX at The Broadmoor Hotel 2. EXPLORE over 1,200 acres at Hidden Mesa Open Space Trail 3. FIND unique and vint age furnit ure at Rare Finds Warehouse 4. CATCH world class t rout in Cheesman Canyon 5. DINE at Cuba Cuba Cast le Rock Slifer Sm it h & Fram p t on Real Est at e | 24 SOURCE | 2021data from DataUSA & U.S. Bureau of Labor Statistics *Median Sale for Single Family & Duplex for 2023 *Unemployment Rate: Q4 2023

Doug las Count y Dat a

SIN GL E FA MIL Y & D UPL EX SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$3,90 8,0 61,34 7

6,682

38

$584 ,864

$510 ,0 0 0

20 20

$4 ,733,226,382

7,4 77

32

$633,0 38

$54 9,990

20 21

$5,796,821,0 13

7,50 3

14

$772,60 0

$651,0 0 0

20 22

$5,352,851,784

6,210

22

$861,973

$726,515

20 23

$4 ,34 7,883,768

5,10 7

37

$851,60 6

$722,4 90

CO N D O MIN IUM & TO W N HO ME SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 19

$4 26,4 73,680

1,192

35

$357,780

$337,250

20 20

$537,4 82,163

1,4 4 4

32

$372,218

$355,0 0 0

20 21

$616,0 52,0 67

1,4 17

15

$4 34 ,758

$4 22,296

20 22

$54 4 ,570 ,819

1,0 79

19

$50 4 ,70 0

$4 90 ,598

20 23

$564 ,697,128

1,10 0

40

$513,361

$4 99,990

A V ERA GE PRICE PER SQ UA RE FO O T ( SFR)

Ahighlights REA

-1% Median Sale

-18% No. of Sales

$

277

Average Price Per Square Foot (SFR)

18 6 1 FO UN D ED A N O RIGIN A L O F CO LO RA D O ' S FIRST 17 CO UN TIES

TO TA L SA L ES V O L UME CO MPA RISO N

The Slifer Rep ort 20 24 | 25

Pict ured | Beaver Creek Villag e

20 23 NOTA BLE SA LES A s a f o u n d in g m em b er Slif er Sm it h & Fr am p t o n is p r o u d t o f ly t h e Fo r b es Glo b al Pr o p er t ies f lag f r o m A sp en t o t h e Fr o n t Ran g e. Th is p o w er f u l, g lo b al, n et w o r k o f t o p - t ier in d ep en d en t b r o k er ag es g iv es o u r ag en t s, an d o u r c lien t s, ex c lu siv e ac c ess t o an in v alu ab le n et w o r k o f t h e w o r ld ' s f in est h o m es an d t h e ag en t s r ep r esen t in g t h em .

In 20 23 o u r m em b er sh ip w it h Fo r b es Glo b al Pr o p er t ies b r o u g h t so m e in c r ed ib le Fr o n t Ran g e h o m es t o a g lo b al au d ien c e.

DENVER | $3,600,000 2217 S COOK STREET

BOULDER | $5,000,000 1145 TIMBER LANE

NIWOT | $3,350,000 6721 NIWOT HILLS DRIVE

BOULDER | $4,900,00

LONGMONT | $3,150,000

6077 JAY ROAD

8161 N 41ST STREET

Her e ar e so m e o f o u r n o t ab l e sal es o f t h e y ear o n t h e Fr o n t Ran g e.

LONGMONT | $5,000,025 Slifer Sm it h & Fram p t on Real Est at e | 26

10508 MOORING ROAD

RECORD SALE | WASHINGTON PARK - DENVER | $6,800,000 300 S YORK STREET

BOULDER | $4,950,000 617 MAPLETON AVENUE

DENVER| $3,300,000

NIWOT | $3,045,000

1750 WEWATTA STREET PH1934

6518 DAYLILLY COURT

DENVER | $7,900,000 9 CHERRY HILLS FARM COURT

View incred ib le p rop ert ies from around t he w orld anyt im e at :

Fo rb esGlo b alPro p ert ies.co m RECORD SALE | BOULDER | $13,000,000 1489 SUNSET BOULEVARD

The Slifer Rep ort 20 24 | 27

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