West Metro – Q1 2019
Located just west of Denver’s bustling city center, but not as far as the Foothills, are the West Metro neighborhoods. These 21 neighborhoods offer a mix of urban and rural lifestyle, with close proximity to the activities of Denver without being in the heart of the city.
Recreational activities and employment opportunities are two of the many reasons that families and individuals find the West Metro an attractive location to call home. Specifically, for employment opportunities, the West Metro houses corporations with a focus in aerospace, aviation, bioscience, and energy.
The West Metro Micro Market Report produced by LIV Sotheby’s International Realty analyzes the real estate market comparing results from Q1 of 2019 to Q1 of 2018. Highlights for the West Metro include an impressive 89.7% increase in the number of properties sold in Golden to 55 properties in Q1 of 2019, from 29 properties in Q1 of 2018. Another noteworthy statistic is the number of days properties sold in Spring Mesa, down to just six days on average in 2019 – a 45.5% decrease from 11 days in 2018.
Across the board, many neighborhoods saw significant increases in average price including a 30.3% increase in average price for Skyline Estates, a 29.7% increase for Table Rock, and a 23.8% increase in West Woods – to name a few.
The West Metro area includes diverse neighborhoods that result in a variety of performance for real estate. Overall, buyers interested in West Metro should be expected to make quick purchasing decisions and sellers should expect fair-priced offers with competitive time frames.
This Colorado Micro Market Report includes Real Estate data statistics for the following neighborhoods (single family, unless otherwise indicated):
Alkire Estates, Applewood, Candelas, Canyon Point, Eagle Ridge, Fieldstone, Gardens at Table Mountain, Golden Incorporated, Leyden Rock, Mesa Meadows, Mesa View Estates, Oak Park, Ryan Ranch, Skyline Estates, Spring Mesa, Sunrise Ridge, Table Rock, Trail Village, Village of Five Parks, and West Woods.