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The Slifer Report Q2 2022 - Denver

Page 1

THE SLIFER REPORT Q2 20 22 DENVER | Quarter 1& 2 Real Estate Market Review


CO N TEN TS SUMMA RY O F D EN V ER METRO CO UN TIES 3 20 22 SA L ES V O L UME 4 20 22 L UX URY SA L ES V O L UME 5

O UR CO MMUN ITIES A D A MS 6 A RA PA HO E 7 B O UL D ER 8 B RO O MFIEL D 9 CL EA R CREEK 1O D EN V ER 11 D O UGL A S 12 EL B ERT 13 GIL PIN 14 JEFFERSO N 15 PA RK 16 N EW D EV EL O PMEN TS 17

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


The Slifer Rep ort | Q 1&2 20 22 Denver | 3


SA LES VOLUME & MA RKET SHA RE TRA N SA CTIO N V O L UME CO MPA RISO N

SA L ES V O L UME CO MPA RISO N

Slifer Sm it h & Fram p t on Real Est at e | 4


LUXURY SA LES VOLUME & MA RKET SHA RE L UX URY TRA N SA CTIO N V O L UME CO MPA RISO N | $ 2 M+

L UX URY SA L ES V O L UME CO MPA RISO N | $ 2 M+

The Slifer Rep ort | Q 1&2 20 22 Denver | 5


A DA MS COUNTY SIN GL E FA MIL Y & D UPL EX

Ahighlights REA

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

+ 17.8 6 %

20 18

$1,296,4 4 8,0 0 8

3288

22

$394 ,297

$370 ,938

20 19

$1,369,588,983

3397

31

$4 0 3,176

$380 ,0 0 0

avg. sales price for a SFR from 2021

20 20

$1,550 ,0 0 5,313

3585

26

$4 32,359

$4 0 5,0 0 0

20 21

$1,931,163,80 3

3870

12

$4 99,0 0 9

$4 66,0 0 0

20 22

$2,0 4 3,164 ,94 8

34 74

11

$588,130

$560 ,0 0 0

+ 20 .71% avg. sales price for at t ached from 2021

CO N D O MIN IUM & TO W N HO ME

$ 29 0 avg. price per square foot for bot h SFR and at t ached

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$24 9,199,216

90 7

15

$274 ,751

$275,0 0 0

20 19

$24 9,517,169

893

24

$279,4 15

$275,0 0 0

20 20

$288,222,187

963

28

$299,296

$295,0 0 0

20 21

$392,315,139

1156

14

$339,373

$335,0 0 0

20 22

$4 0 9,24 8,658

999

11

$4 0 9,658

$4 0 5,0 0 0

A V ERA GE PRICE PER SQ UA RE FO O T Single Family & Duplex

Condominium & Townhome

20 18

20 19

20 20

20 21

20 22

20 18

20 19

20 20

20 21

20 22

$20 1

$20 6

$215

$24 6

$290

$20 5

$213

$221

$24 9

$290

SA L E V S. L IST PRICE CO MPA RISO N Single Family & Duplex A VG. SA LE/ LA ST LISTED PRICE

Slifer Sm it h & Fram p t on Real Est at e | 6

Condominium & Townhome 10 3.30 %

A VG. SA LE/ LA ST LISTED PRICE

10 4 .30 %


A RA PA HOE COUNTY 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

$2M+ ( LUXURY)

20 18

$1,910 ,924 ,595

3794

20

$50 3,670

$4 15,0 0 0

42

20 19

$1,993,586,0 16

394 9

26

$50 4 ,833

$4 19,90 0

44

20 20

$1,822,713,172

3579

25

$50 9,280

$4 38,10 0

30

20 21

$2,690 ,212,617

4 126

10

$652,0 15

$525,0 0 0

10 8

20 22

$2,839,4 61,985

3916

8

$725,0 92

$60 3,0 0 0

10 0

Ahighlights REA

+ 11.21% avg. sales price for a SFR from 2021

+ 15 .8 3 % avg. sales price for at t ached from 2021

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

$1M ( LUXURY)

20 18

$519,333,4 97

1910

16

$271,90 2

$255,0 0 0

4

20 19

$568,285,123

1959

26

$290 ,0 89

$270 ,0 0 0

5

20 20

$525,271,299

1780

28

$295,0 96

$275,0 0 0

5

20 21

$74 7,323,993

224 0

16

$333,627

$312,50 0

12

20 22

$816,184 ,4 14

2112

8

$386,4 51

$370 ,0 0 0

11

$ 29 8 avg. price per square foot for SFR

A V ERA GE PRICE PER SQ UA RE FO O T Single Family & Duplex

Condominium & Townhome

20 18

20 19

20 20

20 21

20 22

20 18

20 19

20 20

20 21

20 22

$210

$281

$225

$255

$298

$212

$223

$230

$258

$292

SA L E V S. L IST PRICE CO MPA RISO N Single Family & Duplex A VG. SA LE/ LA ST LISTED PRICE

Condominium & Townhome 10 3.90 %

A VG. SA LE/ LA ST LISTED PRICE

10 3.80 %

The Slifer Rep ort | Q 1&2 20 22 Denver | 7


BOULDER COUNTY SIN GL E FA MIL Y & D UPL EX

Ahighlights REA

+ 5 3 .6 4 % avg. sales price for a SFR from 2020

+ 17.71% avg. sales price for at t ached from 2021

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

$2M+ ( Luxury)

20 18

$924 ,354 ,512

1238

40

$74 6,651

$624 ,90 0

28

20 19

$813,0 64 ,281

114 1

34

$712,589

$594 ,90 0

30

20 20

$1,90 5,872,4 23

260 6

38

$731,34 0

$60 0 ,0 0 0

72

20 21

$2,270 ,0 35,356

224 1

24

$1,0 12,956

$796,0 0 0

181

20 22

$2,0 60 ,767,398

1834

14

$1,123,64 6

$888,150

160

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

$384 avg. price per square foot for SFR

NO. AVG. DAYS OF ON SA LES MA RKET

AVG. SA LE

MEDIA N SA LE

$1M (Luxury)

20 18

$210 ,84 0 ,214

4 70

30

$4 4 8,596

$390 ,936

9

20 19

$175,0 64 ,4 4 0

40 6

42

$4 31,193

$370 ,0 0 0

7

20 20

$4 62,561,592

964

42

$4 79,836

$399,0 0 0

47

20 21

$536,922,4 61

10 25

32

$523,827

$4 38,0 0 0

59

20 22

$4 78,4 90 ,824

776

17

$616,612

$516,533

63

A V ERA GE PRICE PER SQ UA RE FO O T Single Family & Duplex

Condominium & Townhome

20 18

20 19

20 20

20 21

20 22

20 18

20 19

20 20

20 21

20 22

24 3

$256

$260

$330

$384

$291

$283

$315

$377

$4 29

SA L E V S. L IST PRICE CO MPA RISO N Single Family & Duplex A VG. SA LE/ LA ST LISTED PRICE

Slifer Sm it h & Fram p t on Real Est at e | 8

Condominium & Townhome 10 3.70 %

A VG. SA LE/ LA ST LISTED PRICE

10 2.10 %


BROOMFIELD COUNTY SIN GL E FA MIL Y & D UPL EX

Ahighlights REA

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$24 9,187,827

4 53

29

$550 ,0 84

$50 0 ,0 0 0

20 19

$291,871,719

529

31

$551,74 2

$50 4 ,0 0 0

+ 11.21%

20 20

$361,20 2,727

60 9

34

$593,10 8

$535,0 0 0

avg. sales price for a SFR from 2021

20 21

$397,70 2,525

571

15

$696,50 2

$639,888

20 22

$363,34 7,4 87

4 61

9

$788,172

$690 ,0 0 0

+ 17.5 3 % avg. sales price for at t ached from 2021

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 18

$38,184 ,657

112

18

$34 0 ,934

$333,50 0

20 19

$30 ,34 9,255

83

21

$365,654

$34 9,835

20 20

$50 ,383,30 0

134

30

$375,995

$371,0 0 0

20 21

$63,64 0 ,94 4

14 6

16

$4 35,897

$4 4 0 ,50 0

20 22

$82,4 83,0 95

161

14

$512,317

$523,4 14

$ 3 18 avg. price per square foot for SFR

A V ERA GE PRICE PER SQ UA RE FO O T Single Family & Duplex

Condominium & Townhome

20 18

20 19

20 20

20 21

20 22

20 18

20 19

20 20

20 21

20 22

$215

$219

$222

$258

$318

$265

$262

$272

$292

$329

SA L E V S. L IST PRICE CO MPA RISO N Single Family & Duplex A VG. SA LE/ LA ST LISTED PRICE

Condominium & Townhome 10 3.80 %

A VG. SA LE/ LA ST LISTED PRICE

98.73%

The Slifer Rep ort | Q 1&2 20 22 Denver | 9


CLEA R CREEK COUNTY SIN GL E FA MIL Y & D UPL EX

Ahighlights REA

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

+ 4 0 .74 %

20 18

$4 5,257,70 0

93

35

$4 86,64 2

$4 0 0 ,0 0 0

20 19

$31,4 4 4 ,360

69

58

$4 55,715

$4 0 5,0 0 0

avg. sales price for a SFR from 2020

20 20

$4 0 ,0 80 ,34 9

77

60

$520 ,524

$4 50 ,0 0 0

20 21

$70 ,967,868

10 3

27

$689,0 0 8

$622,50 0

20 22

$58,60 6,550

80

17

$732,582

$678,0 0 0

+ 4 2.6 2 % avg. sales price for at t ached from 2021

CO N D O MIN IUM & TO W N HO ME

$39 1 avg. price per square foot for SFR

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$2,4 81,0 0 0

11

12

$225,54 5

$20 3,0 0 0

20 19

$2,4 82,4 23

11

42

$225,675

$215,0 0 0

20 20

$2,767,14 8

10

46

$276,715

$265,0 0 0

20 21

$1,899,577

8

25

$237,4 4 7

$228,789

20 22

$2,370 ,60 0

7

10

$338,657

$34 0 ,0 0 0

A V ERA GE PRICE PER SQ UA RE FO O T Single Family & Duplex

Condominium & Townhome

20 18

20 19

20 20

20 21

20 22

20 18

20 19

20 20

20 21

20 22

$223

$237

$266

$30 3

$391

$187

$20 6

$24 9

$291

$393

SA L E V S. L IST PRICE CO MPA RISO N Single Family & Duplex A VG. SA LE/ LA ST LISTED PRICE

Slifer Sm it h & Fram p t on Real Est at e | 10

Condominium & Townhome 101.00%

A VG. SA LE/ LA ST LISTED PRICE

10 3.60 %


DENVER COUNTY 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

$2M ( LUXURY)

20 18

$2,174 ,537,54 0

374 8

19

$580 ,186

$4 80 ,270

44

20 19

$2,228,632,4 73

3697

25

$60 2,822

$4 89,70 0

56

20 20

$2,0 0 8,115,251

330 9

24

$60 6,865

$50 7,0 0 0

45

20 21

$3,268,24 6,919

4 175

13

$782,814

$630 ,0 0 0

153

20 22

$3,385,618,111

3766

9

$898,996

$70 5,0 0 0

20 1

+ 4 8 .14 % avg. sales price for a SFR from 202o

NO. AVG. DAYS OF ON SA LES MA RKET

+ 24 .5 8 % avg. sales price for at t ached from 2020

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

Ahighlights REA

AVG. SA LE

MEDIA N SA LE

$1M ( LUXURY)

20 18

$1,312,14 9,338

2975

30

$4 4 1,0 59

$390 ,0 0 0

83

20 19

$1,324 ,852,234

290 1

36

$4 56,688

$372,0 0 0

120

20 20

$1,236,825,4 64

2690

39

$4 59,786

$4 0 9,950

85

20 21

$2,0 27,14 8,821

390 8

33

$518,718

$4 35,0 0 0

266

20 22

$1,877,126,156

3277

16

$572,818

$4 65,0 0 0

30 5

$ 4 17 avg. price per square foot for SFR

A V ERA GE PRICE PER SQ UA RE FO O T Single Family & Duplex

Condominium & Townhome

20 18

20 19

20 20

20 21

20 22

20 18

20 19

20 20

20 21

20 22

$282

$282

$299

$356

$417

$330

$325

$341

$385

$4 35

SA L E V S. L IST PRICE CO MPA RISO N Single Family & Duplex A VG. SA LE/ LA ST LISTED PRICE

Condominium & Townhome 10 4 .50 %

A VG. SA LE/ LA ST LISTED PRICE

10 2.10 %

The Slifer Rep ort | Q 1&2 20 22 Denver | 11


DOUGLA S COUNTY SIN GL E FA MIL Y & D UPL EX

Ahighlights REA

SA LES VOLUME

+ 4 4 .3 5 % avg. sales price for a SFR from 2020

+ 20 .8 3 % avg. sales price for at t ached from 2021

NO. AVG. OF DAYS ON SA LES MA RKET

AVG. SA LE

MEDIA N SA LE

$2M ( LUXURY)

20 18

$1,878,74 8,64 4

3222

32

$583,10 0

$50 6,0 0 0

23

20 19

$1,890 ,716,4 69

3193

36

$592,14 4

$510 ,0 0 0

20

20 20

$1,880 ,851,117

3124

36

$60 2,0 65

$530 ,0 0 0

18

20 21

$2,714 ,927,670

3570

14

$760 ,4 84

$64 0 ,0 0 0

61

20 22

$2,90 8,721,734

334 7

15

$869,0 53

$735,0 0 0

93

CO N D O MIN IUM & TO W N HO ME

$ 28 8 avg. price per square foot for SFR

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

$1M ( LUXURY)

20 18

$198,167,0 86

560

18

$353,870

$339,250

0

20 19

$20 2,331,90 5

574

32

$352,4 95

$335,0 0 0

0

20 20

$20 5,0 4 1,780

574

36

$357,216

$34 0 ,0 0 0

0

20 21

$283,4 23,4 34

672

18

$4 21,761

$4 0 8,294

2

20 22

$294 ,553,878

578

10

$50 9,60 9

$4 95,0 0 0

8

A V ERA GE PRICE PER SQ UA RE FO O T Single Family & Duplex

Condominium & Townhome

20 18

20 19

20 20

20 21

20 22

20 18

20 19

20 20

20 21

20 22

$191

$20 0

$20 5

$241

$288

$227

$232

$238

$268

$322

SA L E V S. L IST PRICE CO MPA RISO N Single Family & Duplex A VG. SA LE/ LA ST LISTED PRICE

Slifer Sm it h & Fram p t on Real Est at e | 12

Condominium & Townhome 10 2.20 %

A VG. SA LE/ LA ST LISTED PRICE

10 2.90 %


ELBERT COUNTY SIN GL E FA MIL Y & A TTA CHED SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$155,378,894

292

45

$532,120

$510 ,0 0 0

20 19

$14 3,4 97,939

265

61

$54 1,50 2

$50 0 ,0 0 0

20 20

$126,810 ,110

24 6

41

$515,4 88

$4 97,50 0

20 21

$186,323,4 94

284

21

$656,0 69

$620 ,0 0 0

20 22

$261,928,384

338

28

$774 ,936

$676,74 5

A V ERA GE PRICE PER SQ UA RE FO O T Single Family & At t ached 20 18

20 19

20 20

20 21

20 22

$197

$198

$211

$24 3

$290

Ahighlights REA

+ 5 0 .3 3 % avg. sales price for from 202o

$ 29 0 avg. price per square foot

SA L E V S. L IST PRICE CO MPA RISO N Single Family & At t ached A VG. SA LE/ LA ST LISTED PRICE

92.0 0 %

The Slifer Rep ort | Q 1&2 20 22 Denver | 13


GILPIN COUNTY SIN GL E FA MIL Y & A TTA CHED

Ahighlights REA

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

+ 5 3 .9 0 %

20 18

$24 ,971,4 65

55

74

$4 54 ,0 27

$4 0 5,0 0 0

20 19

$23,4 21,365

52

47

$4 50 ,4 11

$4 53,50 0

avg. sales price for from 202o

20 20

$28,916,4 36

68

63

$4 25,24 2

$398,4 50

20 21

$33,279,817

68

61

$4 89,4 0 9

$4 50 ,0 0 0

20 22

$4 3,84 8,836

67

23

$654 ,4 60

$627,50 0

$ 3 76 avg. price per square foot

A V ERA GE PRICE PER SQ UA RE FO O T Single Family & At t ached 20 18

20 19

20 20

20 21

20 22

$20 1

$212

$220

$253

$376

SA L E V S. L IST PRICE CO MPA RISO N Single Family & At t ached A VG. SA LE/ LA ST LISTED PRICE

Slifer Sm it h & Fram p t on Real Est at e | 14

93.0 0 %


JEFFERSON COUNTY 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

$2M ( LUXURY)

20 18

$1,90 8,0 0 9,666

3682

24

$518,199

$4 52,750

4

20 19

$1,892,365,84 7

3525

26

$536,84 1 $4 70 ,0 0 0

12

20 20

$1,94 6,94 0 ,353

34 57

26

$563,188

$50 0 ,0 0 0

14

20 21

$2,698,24 6,280

3865

11

$698,123

$60 7,0 0 0

41

20 22

$2,976,0 36,30 0

3632

11

$819,393

$70 0 ,0 0 0

76

Ahighlights REA

+ 4 5 .4 9 % avg. sales price for a SFR from 202o

+ 23 .5 3 % avg. sales price for at t ached from 2021

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

$1M ( LUXURY)

20 18

$391,0 95,934

1277

15

$30 6,261

$277,50 0

2

20 19

$4 24 ,367,0 23

1332

20

$318,594

$294 ,250

2

20 20

$4 27,84 4 ,335

1299

23

$329,364

$30 0 ,0 0 0

0

20 21

$538,10 0 ,765

14 57

13

$369,321

$34 5,0 0 0

5

20 22

$650 ,126,4 70

14 25

8

$4 56,229

$4 28,0 0 0

12

$332 avg. price per square foot for SFR

A V ERA GE PRICE PER SQ UA RE FO O T Single Family & Duplex

Condominium & Townhome

20 18

20 19

20 20

20 21

20 22

20 18

20 19

20 20

20 21

20 22

$211

$218

$230

$277

$332

$235

$24 3

$251

$291

$341

SA L E V S. L IST PRICE CO MPA RISO N Single Family & Duplex A VG. SA LE/ LA ST LISTED PRICE

Condominium & Townhome 10 4 .80 %

A VG. SA LE/ LA ST LISTED PRICE

10 4 .60 %

The Slifer Rep ort | Q 1&2 20 22 Denver | 15


PA RK COUNTY SIN GL E FA MIL Y & A TTA CHED

Ahighlights REA

+ 14 .79 % avg. sales price from 2021

$34 4 avg. price per square foot

SA LES VOLUME

NO. OF SA LES

AVG. DAYS ON MA RKET

AVG. SA LE

MEDIA N SA LE

20 18

$92,756,4 36

262

55

$354 ,0 32

$34 1,0 0 0

20 19

$86,574 ,154

231

58

$374 ,780

$370 ,0 0 0

20 20

$10 5,554 ,0 34

265

67

$398,317

$384 ,0 0 0

20 21

$153,0 92,94 3

274

37

$558,733

$4 86,0 0 0

20 22

$174 ,4 55,120

272

30

$64 1,379

$615,50 0

A V ERA GE PRICE PER SQ UA RE FO O T Single Family & Duplex 20 18

20 19

20 20

20 21

20 22

$197

$211

$221

$285

$34 4

SA L E V S. L IST PRICE CO MPA RISO N Single Family & Duplex A VG. SA LE/ LA ST LISTED PRICE

Slifer Sm it h & Fram p t on Real Est at e | 16

96.74 %


NEW DEVELOPMENT $

380

6 13 M

4

Homes sold in Q1&2

Q1&2 pending and closed sales volume

New development project s launched by our t eam in Q1&2

AREA

CLOSED VOLUME

CONTRACTS CLOSED

PENDING VOLUME

PENDING CONTRACTS

TOTAL VOLUME

TOTAL CONTRACTS

Denver

-

-

$13,992,50 0

25

$13,992,50 0

25

Eag le Co unt y

$7,950 ,0 0 0

2

$280 ,4 99,656

10 1

$288,4 4 9,656

10 3

Ro aring Fo rk Valley

$2,299,80 6

6

$154 ,915,362

78

$157,215,168

84

Sum m it Co unt y

$27,50 0 ,0 0 0

33

$126,316,50 0

135

$153,816,50 0

168

To t al

$37,74 9,80 6

41

$575,724 ,80 6

339

$613,4 73,824

380

* Contracts include 1and 2 sided transactions

NEW DEVELOPMENT SPOTLIGHT

ARBORY CITY PARK WEST | Denver Well-appointed 1to 3-bedroom condominiums available now.

ArboryDenver.com

We are proud to be the only brokerage in Colorado with a full division dedicated to bringing new developments to market. Our end-to-end service has continued to deliver in 2022, creating more new homes in our communities than ever before. To learn more, visit SliferDevelopment Sales.com >>>

The Slifer Rep ort | Q 1&2 20 22 Denver | 17


STA Y UP TO DA TE A LL YEA R LONG Our team of market experts updates The Slifer Report every quarter. To see the latest numbers and dive even deeper into the report visit:

SliferDenver.com/Slifer-Report


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The Slifer Report Q2 2022 - Denver by Slifer Smith & Frampton Real Estate - Issuu