West Metro – Mid-Year 2019
Welcome to Denver’s West Metro. This area is located on the way to the Foothills, just west of Denver’s bustling city center. There are 21 neighborhoods included in West Metro, each offering a mix of an urban and rural lifestyle. Many find this area an attractive place to call home, typically due to the larger lot sizes than Denver Metro offers, as well as recreational opportunities and of course, closer views of the Colorado mountains.
LIV Sotheby’s International Realty produces a West Metro Micro Market Report analyzing the real estate performance for January through June 2019, compared to that of 2018. Highlights for the West Metro feature some impressive increases in average price including a 45.3% increase for Eagle Ridge to $810,000, from $557,500 in 2018. Mesa View Estates also noted a significant 41.3% increase in average price, to $1,035,000 in 2019 from $732,615 in 2018. Other notable peaks include a 75% increase in properties sold for Sunrise Ridge as well as West Woods Ranch, increasing to seven properties sold in 2019 from four in 2018.
Both buyers and sellers have unique advantages in 2019. For buyers, average days on market has increased in many areas, which allows for more time to make real estate decisions. For sellers, many areas reported increases in average price and highest price – allowing for the best opportunity to receive the highest value for a sale.
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.