West Metro – Quarter 3 2019
There are 23 neighborhoods that make up the West Metro area. This part of Denver Metro has a healthy mix of city and suburban amenities without being too removed or being in the heart of downtown. West Metro offers its residents bountiful employment and recreational options, with a booming economy and outdoor activity options.
The West Metro Micro Market Report produced by LIV Sotheby’s International Realty analyzes the real estate market comparing results through Q3 of 2019 to the same time frame of 2018. Two neighborhoods within West Metro saw a major increase in listings sold. Alkire Estates and Canyon Point both experienced a 100% increase in homes sold through Q3 of this year. These increases report two homes sold in Alkire Estates, compared to one in 2018, and six sold in Canyon Point, compared to three in 2018.
Homes in Sunrise Ridge sold much quicker than listings in other areas in Q3. This neighborhood’s average days on market for homes dropped by 55.2%, with listings staying on the market for an average of just 13 days.
The majority of neighborhoods in the West Metro area saw an increase in average price. Mesa View Estates saw the largest increase in price out of all 23 neighborhoods, rising by 27.7%. Homes in this region were priced on average at $993,000 through Q3 of this year compared to $777,333 through Q3 of 2018.
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.