Foothills – Quarter 3 2018
The Colorado Foothills parallel the Front Range, offering spectacular mountain views and abundant wildlife. Neighborhoods such as Evergreen, Genesee, Lookout Mountain, Hiwan, and more, complete the Foothills’ report by LIV Sotheby’s International Realty.
Many are drawn to living in the Foothills due to the close proximity to Denver and easy drive to the resort communities. January through September of 2018 showed an increase of interested buyers to this area, which offers a true Colorado lifestyle.
One particular neighborhood at the base of the Foothills, Bear Mountain, showed exceptional results January through September of 2018, compared to 2017. Average price for Bear Mountain increased by 35.9% to $933,267 in 2018. In addition, properties sold increased by 50% and average days on market decreased by 70.2%. Buyers looking to purchase in Bear Mountain are expected to pay more and act quick, with average days on market in 2018 at 48 days.
Overall, the rest of the Foothills communities resulted in some noteworthy decreases in days on market and increases in price. Evergreen Meadows, Evergreen Meadows West, Hiwan Hills, Ridge at Hiwan, Shadow Mountain, and Spring Ranch had a drop of average days on market of over 40%. Evergreen Highlands, Evergreen Park Estates, Hiwan Country Club, Hiwan Hills, Lookout Mountain, Mt. Vernon Country Club, Spring Ranch, and Upper Bear Creek resulted in an increase of properties sold by 30+%.
Each neighborhood within the Colorado Foothills provides a different environment, thus a different real estate market. This report details each neighborhood to provide an overview of January through September of 2018 compared to 2017 for average price, average price per square foot, average days on market, highest price, 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.