Foothills | Year End 2019
Located at the base of the beautiful Rocky Mountains, the Foothills place residents in a prime position to benefit from proximity to the Front Range, incredible views, and scenic spaces, all without being too far from the amenities of the Denver Metro area. Neighborhoods in the Foothills, Jefferson County, span from Genesee, to Hiwan Hills, to Lookout Mountain.
LIV Sotheby’s International Realty produces a Foothills Micro Market Report comparing year-end real estate activity for 2019 to the same time frame of 2018. As a whole, Jefferson County saw a notable increase in sold listings in 2019 compared to 2018 with the number of sold homes growing by 4.5%. Even more impressive, the total dollar volume sold in 2019 increased by 7.8% bringing the year-end total to $4,915,019,905 for all of Jefferson County. Over the course of last year, the amount of new listings also rose by 3.8%, bringing 11,935 new homes onto the market in 2019.
Three neighborhoods within the Foothills’ real estate market saw an increase in properties sold by over 60%. Evergreen Highlands experienced the largest increase in sold properties, finishing out the year with an 80% growth in properties sold, increasing from 10 homes sold in 2018 to 18 homes sold in 2019. Following that, Conifer Mountain’s number of sold listings last year rose by 73.3%, growing from 15 homes sold in 2018 to 26 homes sold last year. Furthermore, Riva Chase’s sold properties increased from five sold homes in 2018 to eight homes sold during 2019, a 60% rise in total.
Ridge at Hiwan, a community that backs up to large open space, saw the largest increase in the highest-priced listing sold from 2018 to 2019. In 2018, the highest-priced home sold in this neighborhood was purchased for $1,630,000 but in 2019, the highest sale for this area was $2,475,000.
The average days on market within the Mt. Vernon Canyon Country Club neighborhood decreased the most out of all the communities within the Foothills. The average days a home in this area spent on the market in 2019 was 20 days, down 70.6% from 2018 where the average days on market was 68.
Neighborhoods within the Foothills each have their own distinct characteristics that make them great places to buy and sell homes. Situated at the crossroads of natural commodities and a quiet community, this area is perfect for people looking for their own mountain escape.
This Colorado Micro Market Report Includes real estate data statistics for the following neighborhoods (single family, unless otherwise indicated): Bear Mountain, Brook Forest, Conifer Mountain, Evergreen Highlands, Evergreen Meadows, Evergreen Meadows West, Evergreen Valley Estates, Genesee, Hangen Ranch, Hiwan Country Club, Hiwan Hills, Lookout Mountain, Mt. Vernon Country Club, Ridge at Hiwan, Riva Chase, Shadow Mountain, Soda Creek, Spring Ranch, Tanoa, and Upper Bear Creek.