West Metro | Year End 2019
The West Metro area of Denver, which lies within Jefferson County, is truly a unique market. The location gives its residents access to the city while also supplying open spaces that allow people to easily connect to Colorado’s natural beauty. The 24 neighborhoods that make up West Metro, such as Canyon Point, City of Golden Proper, Green Mountain Village, and Candelas, have no shortage of things to do with a plethora of dining, shopping, outdoor recreation, and nightlife options. Live here to get the best of everything Colorado has to offer.
The West Metro Micro Market Report produced by LIV Sotheby’s International Realty analyzes the real estate market comparing year-end results of 2019 to the same time frame of 2018. As a whole, Jefferson County and West Metro experienced a 3.8% increase in new listings that came onto the market last year. Additionally, sold listings rose by 4.5% and total dollar volume sold increased by 7.8% last year compared to 2018.
The average days on market for homes in Mesa View Estates, which sits on the border of the popular nature preserve William F. Hayden Park, fell by 69.8% making the average days on market for listings in this neighborhood 32 days. But it’s the homes in North Table Mountain Village that are selling the quickest. Listings in this community have the lowest average days on market in Jefferson County, with most homes spending just seven days on the market.
Two neighborhoods are tied for the largest increase in properties sold within the West Metro. Sunrise Ridge and Oak Park both saw a 62.5% increase in the number of properties sold in 2019 compared to 2018, from eight homes sold in 2018 to 13 homes sold in 2019. These impressive numbers eclipse the average 4.5% growth seen throughout Jefferson County.
While most areas within West Metro saw some increases in home prices, Canyon Point, had the highest increase in listing prices during 2019. Prices in this neighborhood, which is the most western of all 24 areas that make up West Metro, rose by 36% when comparing 2019 to 2018. The average price in this neighborhood for a home last year was $924,250. On the other hand, Leyden Rock home prices remained similar from the previous year. For 2019, the average price for a home was $620,139.
As more millennial homebuyers embrace suburban areas such as West Metro, the real estate market in these kinds of communities continues to thrive, showing promising outcomes for the future.
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.