West Metro | Q1 2020
Denver’s West Metro neighborhoods are a balance of beautiful open spaces and tight-knit communities. The 24 neighborhoods that makeup West Metro, such as Solterra, City of Golden Proper, Mesa Meadows, and Candelas, keep residents busy and attract visitors in all seasons with its endless array of activities. Venture outdoors for hiking, biking, fishing and more or sample a selection of local restaurants in town. For those looking to embrace the Colorado lifestyle, West Metro is the community to invest in.
The West Metro Micro Market Report produced by LIV Sotheby’s International Realty analyzes the real estate market comparing Q1 performance of 2020 to the same time frame of 2019. Jefferson County showed an increase in performance with a 13% increase in total dollar volume sold, most likely resulting from the 9.2% increase in the number of sold listings and the 6.2% increase in the average price. Out of all 24 neighborhoods within the West Metro community, the West Woods neighborhoods had the largest increase in properties sold during Q1 of this year compared to Q1 of last year, rising by 120%. Through March of this year, 22 homes sold in the West Woods neighborhoods, compared to 10 homes in 2019.
Several areas within the West Metro community experienced rises in average prices throughout Q1 of 2020. One of those neighborhoods was Village of Five Parks. Homes in this neighborhood climbed in average price by 14.5% in comparison to Q1 of 2019. The average price for a listing in this community through March of this year was $617,186, a notable difference from the same time period in 2019 when the average price was $538,833.
Homes in Leyden Rock sold more quickly in the first quarter of this year than they did last year. The average days on market for homes in this neighborhood decreased by 66.4%, from 143 days in Q1 of 2019 to just 48 days in Q1 of 2020.
The West Metro is appealing to a variety of consumers and will continue to grow and thrive as more people buy and sell in this community.
This Colorado Micro Market Report includes real estate data statistics for the following neighborhoods (single family, unless otherwise indicated): Alkire Estates, Applewood, Arvada, 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.