Foothills | Mid-Year 2020
The Foothills is a community, with Jefferson County, that incorporate 20 unique neighborhoods such as Genesee, Hiwan Hills, and Lookout Mountain to name a few. Situated at the base of the Rocky Mountains, this area boasts beautiful mountain landscapes, room to roam and explore, as well as communities full of life and cultural happenings – all within a short drive to Denver.
With social distancing more top-of-mind than ever, homes with access to fresh air and outdoor recreation have become priorities for many consumers. Following the spring, when the real estate market was briefly put on hold, demand for homes in Colorado, including properties in the Foothills, has skyrocketed.
LIV Sotheby’s International Realty produces a Foothills Micro Market Report comparing real estate metrics from January through June of 2020 to the same time period in 2019.
Soda Creek and Genesee saw the most significant increases in average price through June of this year. Soda Creek’s average home price grew by 56.9% for the seven homes that sold this year compared to three in 2019, increasing from an average price of $1,114,700 in 2019 to $1,749,143 in 2020. Genesee’s average price increased by 6.3%, landing at an average price of $1,052,800 for 2020.
Several neighborhoods had an upward trend in the number of properties sold so far this year compared to last year. There have been four home sales so far in 2020 in Tanoa, three more than were sold through June of 2019, a 300% increase. Spring Ranch experiences a 200% increase in home sales, increasing from one home sold through June of 2019 to three homes sold so far in 2020.
As more homebuyers seek out homes with space and stunning outdoor landscapes, the Foothills community will become increasingly popular. This area offers ample opportunities to find the house or investment property you’ve been looking for.
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.