Foothills – Q1 2019
The well-known Colorado Foothills parallel the Front Range, offering open space, spectacular mountain views, and abundant wildlife. Neighborhoods such as Genesee, Lookout Mountain, and Hiwan Hills complete the Foothills and many are drawn to living in this location due to the close proximity to Denver and easy drive to the resort communities.
LIV Sotheby’s International Realty produces a Foothills Micro Market Report comparing real estate activity for Q1 of 2019 to Q1 of 2018. A significant highlight from this year’s report includes a 113.9% increase in average price for Hangen Ranch, bringing the new average price in 2019 to $1,465,000, from $684,950 for 2018. Evergreen Meadows West also showed a notable increase in average price of 53.6%, to $776,000 in 2019.
Proving that 2019 is off to a healthy start for real estate, many Foothills’ communities reported noticeable increases in the number of properties sold. Conifer Mountain, Evergreen Meadows, and Upper Bear Creek saw increases of 100% of properties sold in Q1 of 2019 compared to Q1 of 2018. Hiwan Hills also reported a significant increase of 66.7% of properties sold to five properties in 2019, from three properties in 2018.
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 Q1 2019 results compared to Q1 2018 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.