South Metro | Year End 2020
The original boundaries of Douglas County stretched all the way from the edge of the Rockies to the state of Kansas, but today’s county lines are more manageably confined to the family-friendly communities south of Denver Sterling Ranch, Highlands Ranch, Lone Tree, Castle Pines, and Castle Rock. These are just a few of the 27 neighborhoods that comprise the South Metro real estate area, which offers a variety of newly constructed homes sporting mountain views and plenty of nearby dining, recreation, and shopping. This region is also attractive to a variety of businesses. Combined with great weather and excellent schools, it’s no doubt that Douglas County calls to homebuyers seeking a relaxed lifestyle that isn’t too far from the office.
Recognizing the lifestyle changes that many people prioritized in 2020, it’s not surprising that the South Metro real estate market showed strength last year. The open spaces and easy access to recreation were clearly a beacon for the many families seeking a high quality of life, resulting in a 13.2% rise in the number of sold listings and a phenomenal 21.3% increase in the total dollar volume sold in 2020, landing at $5.3 billion.
The Micro Market Report produced by LIV Sotheby’s International Realty analyzes the real estate market for the year 2020 as compared to 2019. The majority of neighborhoods in Douglas County saw an increase in average home prices, with the highest gain occurring in Roxborough Park. There, prices rose 21.4%, from $655,104 to $795,584 as compared to 2019. Market activity levels were notable in many areas as well, with Falcon Hills nearly tripling its number of homes sold from five to 13—a 160% spike.
Similar to other areas in and around Denver, buyers were quick to purchase the homes they wanted this year in Douglas County, with average days on the market decreasing overall by 15.8%. The Meadows, a master-planned community in Castle Rock, showed an impressive decrease of 45.2% from 2019 to 2020. Likewise, Bell Mountain Ranch, a sprawling equestrian neighborhood offering five- to 12-acre lot sites, dropped from 102 days on the market in 2019 to just 70 days in 2020—a 31.4% decrease. Forest Park, Falcon Hills, and Eastridge also attracted buyers eager to close on their desired properties.
As we embark on a new year, one thing seems clear—the South Metro area continues to be an appealing option for those looking for a little breathing space without sacrificing all that the big city and the surrounding mountain region has to offer.
This Colorado Micro Market Report includes real estate data statistics for the following neighborhoods (single family, unless otherwise indicated): Backcountry, Bell Mountain Ranch, Broadmoor, Castle Pines, Castle Pines Village, Castle Rock, Colorado Springs, Diamond Ridge, Firelight, Highlands Ranch, Inverness, Keene Ranch, Larkspur, Lone Tree, Parker, Pradera & Timbers, Sedalia, and The Meadows.