Foothills – Mid-Year 2019
The Colorado Foothills are ideally positioned with close proximity to Denver, combined with an easy drive to the renowned resort communities. This sought-after area offers open space, abundant wildlife, and an adventure-worthy lifestyle. Neighborhoods such as Genesee, Lookout Mountain, and Hiwan Hills complete the Foothills, which provides picturesque views and parallels the Front Range.
LIV Sotheby’s International Realty produces a Micro Market Report revealing real estate performance for the Colorado Foothills for January through June of 2019, compared to that of 2018. A significant highlight from this year’s report includes an 89.9% increase in average price for Hangen Ranch, bringing the new average price in 2019 to $1,465,000, from $771,380 for 2018. The Spring Ranch neighborhood also reported a notable increase in average price of 60.1%, to $2,000,000 in 2019.
Impressively, there were numerous increases in properties sold including a 150% increase for Hiwan Hills, to 15 homes sold in 2019 compared to six in 2018. Interestingly, average days on market increased for many neighborhoods, meaning that buyers are in a great spot heading into the second half of 2019 with the ability to have a little more time for purchasing decisions. Sellers will also see benefits in 2019 with an increase in average price for many of the neighborhoods.
The Mid-Year Micro Market Report for the Colorado Foothills provides more details into each of the unique neighborhoods that make up this increasingly popular area. Within this report you will find January through June 2019 performance compared to the same time frame of 2018 for average price, average price per square foot, average days on market, highest price, number of properties sold, and percentage sold-price to list-price.
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.