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Annual Report on the REcolorado® Housing Market

A RESEARCH TOOL PROVIDED BY RECOLORADO® FOR THE 11-COUNTY METRO AREA


COVERING RESIDENTIAL LISTINGS – SINGLE FAMILY DETACHED AND ATTACHED

All data from REcolorado®. Report © 2019 ShowingTime.


Due to differences in statistical methodologies, figures may vary from other market reports provided by REcolorado®.
2018 Annual Report on the REcolorado® Housing Market
A RESEARCH TOOL PROVIDED BY RECOLORADO®
RESIDENTIAL LISTINGS – SINGLE FAMILY DETACHED AND ATTACHED

While the 2017 housing market was marked by renewed Prices: Home prices were up compared to last year. The
optimism fueled by stock market strength, higher wages and a overall median sales price increased 7.7 percent to $408,000
competitive environment for home sales, 2018 delivered a for the year. Single Family Detached home prices were up 7.3
more seasoned prudence toward residential real estate. Home percent compared to last year, and Single Family Attached
buyers, now steeped in several years of rising prices and low home prices were up 11.1 percent.
inventory, became more selective in their purchase choices as
housing affordability achieved a ten-year low. Percent of Sold Price to List Price: Sellers received, on
average, 99.9 percent of their original list price at sale, a year-
Yet the appetite for home buying remained strong enough to over-year reduction of 0.1 percent. If demand shrinks in 2019,
drive prices upward in virtually all markets across the country. the Percent of Sold Price to List Price metric could drop as
In fact, national home prices have risen 53 percent from well.
February 2012 to September 2018. That mark is a less
dramatic but still sizable 40 percent increase when inflation is Consumer optimism has been tested by four interest rate hikes
factored in. by the Federal Reserve in 2018. Meanwhile, GDP growth was at
4.2 percent in Q2 2018, dropped to 3.4 percent in Q3 2018 and
The national median household income was last reported with is expected to be about 2.9 percent in Q4 2018 when figures
a year-over-year increase of 1.8 percent, while home prices are released.
have gone up 5.5 percent in roughly the same amount of time.
That kind of gap can't be sustained indefinitely, but prices are Looking strictly at market fundamentals, recent Fed and GDP
still expected to rise in most areas, albeit at a much slower changes will not cause a dramatic shift away from the current
pace. state of the housing market. The booming sales at increased
prices over the last several years may not be the same thrill ride
Under Contract Listings: Under Contract sales decreased to observe in 2019, but a long-awaited increase in inventory is
4.2 percent to 66,497 to close out the year. something positive to consider, even if it arrives in the form of
shrinking demand amidst rising mortgage rates.
Sold Listings: Sold Listings decreased 4.2 percent to 55,963
to finish the year. A booming economy would seem to indicate The biggest potential problem for residential real estate in 2019
more sales, but fewer homes to choose from coupled with might be human psychology. A fear of buying at the height of
lower affordability made it tougher for buyers in 2018. the market could create home purchase delays by a large pool
of potential first-time buyers, thus creating an environment of
declining sales.
Listings: Year-over-year, the number of homes available for
sale was higher by 50.4 percent. There were 5,802 active If the truth of a positive economic outlook coupled with
listings at the end of 2018. New listings increased by 2.3 responsible lending practices and more available homes for
percent to finish the year at 67,958. sale captures the collective American psyche, the most likely
outcome for 2019 is market balance.
Lender-Mediated Properties: The foreclosure market
continues to be a hint of its former unhealthy peaks. In 2018,
the percentage of closed sales that were either foreclosure or
short sale decreased by 35.9 percent to end the year at 0.3 Table of Contents
percent of the market.
3 Quick Facts
Showings: Demand began to taper in 2018. There were 5 Property Type Review
227,996 total showings in the region, culminating in 10
showings before pending, which was down 9.1 percent 6 Lender-Mediated Review
compared to 2017.
7 Price Range Review
8 Showings Review
9 Area Overviews
11 Area Median Prices

Current as of January 29, 2019. All data from REcolorado®. © 2018 REcolorado. All rights reserved. REcolorado® is a registered trademark of REcolorado. Report © 2018 ShowingTime. | 2
2018 Annual Report on the REcolorado® Housing Market

Quick Facts
New Listings Under Contract Listings

67,958 69,414 69,382

65,948 66,399
65,072
67,254 67,472
62,382 66,497

+ 5.7% - 1.3% + 2.0% + 2.3% + 3.2% - 2.8% + 2.8% - 4.2%

2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

Top 5 Areas: Change in New Listings from 2017 Top 5 Areas: Change in Under Contract Listings from 2017
Bennett + 88.8% Bennett + 127.9%
Deer Trail + 59.6% Kiowa + 68.3%
Kiowa + 42.3% Idaho Springs + 53.5%
Commerce City + 34.6% Deer Trail + 30.5%
Idaho Springs + 32.3% Cherry Hills Village + 18.2%

Bottom 5 Areas: Change in New Listings from 2017 Bottom 5 Areas: Change in Under Contract Listings from 2017
Edgewater - 12.1% Edgewater - 21.3%
Sedalia - 20.4% Larkspur - 21.6%
Larkspur - 24.0% Elbert - 26.7%
Elbert - 28.6% Sedalia - 28.6%
Henderson - 56.3% Henderson - 52.0%

Sold Listings Active Listings


At the end of each year.

58,412
5,802
56,095 56,138 55,963 4,355 4,385 4,265 3,858
54,004

+ 3.9% + 0.1% + 4.1% - 4.2% + 0.7% - 2.7% - 9.5% + 50.4%

2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

Top 5 Areas: Change in Sold Listings from 2017 Top 5 Areas: Change in Active Listings from 2017
Bennett + 57.8% Byers + 350.0%
Byers + 52.8% Northglenn + 220.0%
Idaho Springs + 39.7% Boulder + 118.2%
Kiowa + 30.6% Strasburg + 90.0%
Indian Hills + 17.4% Lafayette + 70.0%

Bottom 5 Areas: Change in Sold Listings from 2017 Bottom 5 Areas: Change in Active Listings from 2017
Larkspur - 24.7% Wheat Ridge - 49.2%
Elbert - 26.5% Elbert - 50.0%
Federal Heights - 27.5% Pine - 50.0%
Sedalia - 34.1% Deer Trail - 70.0%
Henderson - 49.5% Idaho Springs - 70.0%

Current as of January 29, 2019. All data from REcolorado®. © 2018 REcolorado. All rights reserved. REcolorado® is a registered trademark of REcolorado. Report © 2018 ShowingTime. | 3
2018 Annual Report on the REcolorado® Housing Market

Quick Facts
Median Sold Price* Average Sold Price*
$408,000 $471,357
$379,000 $433,859
$349,500 $398,917
$314,000 $362,846
$275,000 $325,546

+ 14.2% + 11.3% + 8.4% + 7.7% + 11.5% + 9.9% + 8.8% + 8.6%

2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

Top 5 Areas: Change in Median Sold Price from 2017 Top 5 Areas: Change in Average Sold Price from 2017
Franktown + 30.5% Indian Hills + 38.3%
Indian Hills + 19.9% Greenwood Village + 16.7%
Bailey + 14.3% Longmont + 15.4%
Idaho Springs + 13.6% Larkspur + 13.0%
Deer Trail + 13.5% Bailey + 12.5%

Bottom 5 Areas: Change in Median Sold Price from 2017 Bottom 5 Areas: Change in Average Sold Price from 2017
Henderson - 0.1% Superior + 0.4%
Byers - 0.6% Deer Trail + 0.4%
Elbert - 4.1% Pine - 2.1%
Superior - 5.6% Bennett - 4.0%
Bennett - 11.8% Elbert - 13.6%

Total Days on Market Percent of Sold Price to List Price*


33 100.3%
100.2%
25 26 100.0%
24 25 99.9%

99.3%

- 27.3% + 4.2% 0.0% + 4.0% + 1.0% - 0.1% - 0.2% - 0.1%

2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

Top 5 Areas: Change in Total Days on Market from 2017 Top 5 Areas: Change in Pct. of Sold to List Price from 2017
Indian Hills + 219.0% Edgewater + 1.9%
Henderson + 31.7% Idaho Springs + 1.2%
Longmont + 25.5% Conifer + 0.7%
Littleton + 13.6% Strasburg + 0.7%
Brighton + 13.4% Bennett + 0.4%

Bottom 5 Areas: Change in Total Days on Market from 2017 Bottom 5 Areas: Change in Pct. of Sold to List Price from 2017
Lafayette - 21.0% Northglenn - 0.6%
Louisville - 22.9% Longmont - 0.7%
Conifer - 23.4% Franktown - 0.8%
Idaho Springs - 32.3% Indian Hills - 1.7%
Sedalia - 40.5% Federal Heights - 2.2%
* Does not account for seller concessions and/or down payment assistance.
Current as of January 29, 2019. All data from REcolorado®. © 2018 REcolorado. All rights reserved. REcolorado® is a registered trademark of REcolorado. Report © 2018 ShowingTime. | 4
2018 Annual Report on the REcolorado® Housing Market

Property Type Review


Top Areas: Single Family Attached Market Share in 2018
27 23 Denver
Lakewood
43.0%
42.8%
Boulder 40.7%
Average Total Days on Market Average Total Days on Market
Henderson 37.7%
Single Family Detached Single Family Attached
Greenwood Village 35.5%
Aurora 34.5%
Englewood 33.4%
Total Days on Market Superior 33.1%
This chart uses a rolling 12-month average for each data point. Lafayette 30.0%
Single Family Detached Single Family Attached Lone Tree 30.0%
50 South Metro Denver REALTOR® Association 29.4%
Littleton 29.2%
Denver Metro Association of REALTORS® 28.8%
Aurora Association of REALTORS® 28.1%
40
Westminster 27.4%
Mountain Metro Association of REALTORS® 24.7%
Thornton 24.2%
30 Louisville 23.2%
Wheat Ridge 22.2%
Northglenn 22.2%
Centennial 21.8%
20 Arvada 20.4%
Golden 20.4%
Longmont 20.0%
10
Broomfield 18.4%
1-2014 1-2015 1-2016 1-2017 1-2018 Federal Heights 18.0%

+ 7.3% + 11.1% 99.8% 100.1%


One-Year Change in Price One-Year Change in Price Pct. of Sold to List Price Pct. of Sold to List Price
Single Family Detached Single Family Attached Single Family Detached Single Family Attached

Median Sold Price* Percent of Sold Price to List Price*


2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

$440K
$410K 99.3% 100.1%100.0% 99.9% 99.8% 99.3% 100.7% 100.7% 100.4% 100.1%
$380K
$347K
$306K $300K
$270K
$240K
$212K
$180K

Single Family Detached Single Family Attached Single Family Detached Single Family Attached

* Does not account for seller concessions and/or down payment assistance.
Current as of January 29, 2019. All data from REcolorado®. © 2018 REcolorado. All rights reserved. REcolorado® is a registered trademark of REcolorado. Report © 2018 ShowingTime. | 5
2018 Annual Report on the REcolorado® Housing Market

Lender-Mediated Review
Top Areas: Lender-Mediated Market Share in 2018

0.3% - 35.9% Indian Hills


Byers
3.7%
3.6%
Deer Trail 3.6%
Percent of Sales in 2018 One-Year Change in Sales Larkspur 2.5%
That Were Lender-Mediated That Were Lender-Mediated Idaho Springs 2.0%
Sedalia 1.9%
Bailey 1.6%
Percent of Sales That Were Lender-Mediated Bennett 1.4%
Superior 0.8%
4.5% Elizabeth 0.6%
Golden 0.6%
Highlands Ranch 0.6%
Strasburg 0.6%
Englewood 0.6%
Commerce City 0.5%
Lafayette 0.5%
Lone Tree 0.4%
2.1% Greenwood Village 0.4%
Wheat Ridge 0.4%
Castle Rock 0.4%
1.0% Parker 0.4%
Northglenn 0.4%
0.5% Aurora 0.4%
0.3%
Littleton 0.4%
Aurora Association of REALTORS® 0.3%
2014 2015 2016 2017 2018 Denver Metro Association of REALTORS® 0.3%

+ 48.4% + 45.7% + 122.2% + 95.0%


Five-Year Change in Price Five-Year Change in Price Five-Year Change Five-Year Change
for All Properties for Traditional Properties in Price for REOs in Price for Short Sales

Median Sold Price


Does not account for seller concessions and/or down payment assistance.
2014 2015 2016 2017 2018
$408,000 $400,000
$379,000
$350,000 $347,500 $351,000
$315,000 $320,785
$280,000
$253,300 $250,000
$211,500 $215,625
$180,000 $180,000

Traditional REO Short Sales


Lender-mediated properties are those marked in REcolorado® as "Description: HUD Owned", "Seller Type: Bank/GSE", "Seller Type: Government",
"Approval Conditions: Short Sale". Other factors include use of any of the following terms in remarks fields: bank owned, bank-owned, foreclosure,
forclosure, reo, hud acquire, hud-acquire, hud-acquired, among other terms of note. This list may be adjusted at anytime.

Current as of January 29, 2019. All data from REcolorado®. © 2018 REcolorado. All rights reserved. REcolorado® is a registered trademark of REcolorado. Report © 2018 ShowingTime. | 6
2018 Annual Report on the REcolorado® Housing Market

Price Range Review

$200,001 to $1,000,001
$300,000 and Above 1.4% + 36.7%
Price Range with Price Range with of Active Listings One-Year Change
Shortest Average Longest Average at Year End Priced in Active Listings Priced
Total Days on Market Total Days on Market $150,000 and Below $150,000 and Below

Total Days on Market Share of Active Listings


by Price Range $150,000 and Below
5%

$150,000 and Below 21


4%
$150,001 to $200,000 17
3%
$200,001 to $300,000 16

2%
$300,001 to $500,000 21

$500,001 to $1,000,000 37 1%

$1,000,001 and Above 67 0%


1-2015 1-2016 1-2017 1-2018

$300,001 to $150,000 and


$500,000 + 23.2% Below - 44.6%
Price Range with Strongest One- Price Range with Weakest One-
Price Range with the Price Range with the
Year Change in Sold Listings: Year Change in Sold Listings:
Most Sold Listings $1,000,001 and Above
Fewest Sold Listings $150,000 and Below

Sold Listings by Price Range


2016 2017 2018

28,450 28,184

25,175

14,205 14,620
11,974 12,397
9,540
8,756

3,740
2,207 2,581 2,041
1,354 1,612 1,271 1,656
750

$150,000 and Below $150,001 to $200,000 $200,001 to $300,000 $300,001 to $500,000 $500,001 to $1,000,000 $1,000,001 and Above

Current as of January 29, 2019. All data from REcolorado®. © 2018 REcolorado. All rights reserved. REcolorado® is a registered trademark of REcolorado. Report © 2018 ShowingTime. | 7
2018 Annual Report on the REcolorado® Housing Market

Showings Review
Top 10 Areas: Number of Showings

10 - 9.1% Denver Metro Association of REALTORS®


Aurora Association of REALTORS®
227,996
227,475
Number of Showings One-Year Change in Median South Metro Denver REALTOR® Association 223,020
Before Pending Showings Before Pending Denver 59,582
Mountain Metro Association of REALTORS® 38,499

Monthly Number of Showings Aurora 36,576


Littleton 13,442
33,500 Centennial 12,331

31,000
Parker 11,279
Lakewood 10,356
28,500

26,000 Top 10 Areas: Median Number of Showings per Listing


Lone Tree 21
23,500 Morrison 20

21,000
Centennial 20
Cherry Hills Village 19
18,500 Greenwood Village 19

16,000
Evergreen 18
Northglenn 18
13,500 Highlands Ranch 18

11,000
Larkspur 17
12-2015 12-2016 12-2017 12-2018 Westminster 17

227,996 Total Showings in 2018 March '18 Peak Showing Activity Month

2018 Monthly Showings per Listing


12.0
10.8
9.7
10.0 9.4 9.3

8.0
7.7
7.1
6.6 6.3
6.0 5.6 5.6 5.6 5.3

4.0

2.0

0.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Current as of January 29, 2019. All data from REcolorado®. © 2018 REcolorado. All rights reserved. REcolorado® is a registered trademark of REcolorado. Report © 2018 ShowingTime. | 8
2018 Annual Report on the REcolorado® Housing Market

Area Overviews
Percent Percent
Total Sold Change From Single Family Lender- Showings Under Contract Total Days Pct. of Sold
Listings 2017 Attached Mediated per Listing Listings on Market to List Price*

Arvada 2,577 - 3.9% 20.4% 0.1% 15 2,986 22 100.0%

Aurora 7,762 - 6.8% 34.5% 0.4% 16 9,431 22 100.4%

Bailey 257 - 13.5% 2.7% 1.6% 9 311 34 99.3%

Bennett 142 + 57.8% 4.9% 1.4% 13 253 33 98.9%

Boulder** 856 + 15.7% 40.7% 0.0% 8 976 37 98.7%

Brighton 956 - 3.1% 10.9% 0.2% 14 1,180 29 100.0%

Broomfield 1,153 - 5.5% 18.4% 0.2% 16 1,355 28 99.6%

Byers 55 + 52.8% 0.0% 3.6% 6 64 31 98.8%

Castle Rock 2,099 + 1.0% 13.8% 0.4% 14 2,492 40 99.3%

Centennial 1,869 - 12.4% 21.8% 0.3% 20 2,250 20 99.7%

Cherry Hills Village 88 + 17.3% 0.0% 0.0% 19 91 86 95.7%

Commerce City 1,165 + 10.5% 12.1% 0.5% 12 1,435 24 100.1%

Conifer 202 - 14.8% 0.0% 0.0% 16 243 31 99.5%

Deer Trail 56 + 7.7% 0.0% 3.6% 4 77 25 100.3%

Denver 13,758 - 3.5% 43.0% 0.2% 16 16,052 25 99.8%

Edgewater 86 - 21.8% 11.6% 0.0% 13 107 16 101.8%

Elbert 25 - 26.5% 0.0% 0.0% 8 33 72 96.5%

Elizabeth 311 - 11.9% 0.6% 0.6% 14 429 45 99.3%

Englewood 1,057 - 8.2% 33.4% 0.6% 14 1,273 20 99.7%

Evergreen 567 - 0.4% 12.3% 0.2% 18 660 42 99.0%

Federal Heights 50 - 27.5% 18.0% 0.0% 16 68 14 98.8%

Franktown 61 - 16.4% 0.0% 0.0% 11 90 55 96.9%

Frederick 1 -- 0.0% 0.0% 0 1 20 95.5%

Golden 799 + 3.0% 20.4% 0.6% 13 874 33 99.4%

Greenwood Village 251 - 1.2% 35.5% 0.4% 19 283 48 98.2%

Henderson 138 - 49.5% 37.7% 0.0% 9 155 22 100.6%

* Does not account for seller concessions and/or down payment assistance.

** In 2018, REcolorado experienced a substantial increase in subscribers in certain Northern Colorado areas who requested mass entry of historical sold listings. As a result, percent increases in sold
listings do not reflect true market conditions.

Current as of January 29, 2019. All data from REcolorado®. © 2018 REcolorado. All rights reserved. REcolorado® is a registered trademark of REcolorado. Report © 2018 ShowingTime. | 9
2018 Annual Report on the REcolorado® Housing Market

Area Overviews
Percent Percent
Total Sold Change From Single Family Lender- Showings Under Contract Total Days Pct. of Sold
Listings 2017 Attached Mediated per Listing Listings on Market to List Price*

Highlands Ranch 1,802 - 7.3% 17.8% 0.6% 18 2,029 20 100.0%

Idaho Springs 102 + 39.7% 11.8% 2.0% 11 132 27 99.3%

Indian Hills 27 + 17.4% 0.0% 3.7% 9 32 55 98.8%

Kiowa 81 + 30.6% 8.6% 0.0% 6 106 33 98.7%

Lafayette** 390 + 8.6% 30.0% 0.5% 14 453 21 100.3%

Lakewood 2,615 + 0.4% 42.8% 0.2% 16 3,049 19 100.4%

Larkspur 119 - 24.7% 6.7% 2.5% 17 149 66 98.4%

Littleton 3,090 - 11.0% 29.2% 0.4% 16 3,711 23 100.0%

Lone Tree 250 + 3.7% 30.0% 0.4% 21 302 37 98.5%

Longmont** 1,043 + 15.1% 20.0% 0.2% 8 1,229 33 99.7%

Louisville** 185 - 11.5% 23.2% 0.0% 5 199 21 100.3%

Morrison 302 - 15.2% 6.3% 0.3% 20 364 26 99.9%

Northglenn 545 + 1.5% 22.2% 0.4% 18 671 13 100.6%

Parker 2,414 - 2.6% 15.5% 0.4% 15 2,826 30 99.7%

Pine 97 - 12.6% 0.0% 0.0% 15 122 45 98.5%

Sedalia 54 - 34.1% 1.9% 1.9% 11 65 49 97.1%

Strasburg 170 + 13.3% 0.0% 0.6% 9 198 39 99.8%

Superior** 130 + 3.2% 33.1% 0.8% 17 158 24 100.0%

Thornton 2,660 - 4.3% 24.2% 0.3% 17 3,245 23 100.4%

Westminster 1,871 - 10.8% 27.4% 0.2% 17 2,241 17 100.3%

Wheat Ridge 513 + 0.2% 22.2% 0.4% 15 641 22 100.0%

Aurora Association of REALTORS® 54,945 - 4.0% 28.1% 0.3% 16 65,262 25 99.9%

Denver Metro Association of


55,963 - 4.2% 28.8% 0.3% 16 66,497 26 99.9%
REALTORS®
Mountain Metro Association of
10,838 - 5.3% 24.7% 0.3% 16 12,798 24 99.9%
REALTORS®
South Metro Denver REALTOR®
52,015 - 5.0% 29.4% 0.3% 16 61,840 25 99.9%
Association

* Does not account for seller concessions and/or down payment assistance.

** In 2018, REcolorado experienced a substantial increase in subscribers in certain Northern Colorado areas who requested mass entry of historical sold listings. As a result, percent increases in sold
listings do not reflect true market conditions.

Current as of January 29, 2019. All data from REcolorado®. © 2018 REcolorado. All rights reserved. REcolorado® is a registered trademark of REcolorado. Report © 2018 ShowingTime. | 10
2018 Annual Report on the REcolorado® Housing Market

Area Median Prices


Change Change
2014 2015 2016 2017 2018 From 2017 From 2014

Arvada $270,000 $311,000 $358,000 $385,100 $415,000 + 7.8% + 53.7%

Aurora $215,000 $245,000 $275,000 $305,000 $335,000 + 9.8% + 55.8%

Bailey $235,000 $275,000 $320,000 $335,000 $383,000 + 14.3% + 63.0%

Bennett $228,000 $315,000 $356,000 $411,250 $362,900 - 11.8% + 59.2%

Boulder $463,200 $530,000 $602,000 $666,250 $712,500 + 6.9% + 53.8%

Brighton $250,000 $287,800 $319,000 $343,000 $365,000 + 6.4% + 46.0%

Broomfield $323,200 $349,900 $392,500 $425,443 $445,000 + 4.6% + 37.7%

Byers $249,973 $271,500 $330,000 $387,450 $385,000 - 0.6% + 54.0%

Castle Rock $333,565 $372,000 $402,750 $430,000 $453,000 + 5.3% + 35.8%

Centennial $315,000 $350,000 $380,000 $412,500 $435,500 + 5.6% + 38.3%

Cherry Hills Village $1,725,000 $1,607,000 $1,765,000 $1,950,000 $1,957,500 + 0.4% + 13.5%

Commerce City $250,000 $279,000 $306,000 $340,000 $360,000 + 5.9% + 44.0%

Conifer $355,000 $420,000 $430,000 $470,000 $491,000 + 4.5% + 38.3%

Deer Trail $144,522 $172,273 $215,000 $236,790 $268,800 + 13.5% + 86.0%

Denver $275,000 $322,500 $353,500 $385,000 $425,000 + 10.4% + 54.5%

Edgewater $264,500 $340,000 $368,500 $403,704 $425,500 + 5.4% + 60.9%

Elbert $300,000 $416,500 $435,000 $495,500 $475,000 - 4.1% + 58.3%

Elizabeth $370,000 $391,750 $448,950 $455,000 $490,900 + 7.9% + 32.7%

Englewood $248,000 $285,000 $320,000 $350,000 $386,856 + 10.5% + 56.0%

Evergreen $405,000 $479,000 $505,000 $569,000 $620,000 + 9.0% + 53.1%

Federal Heights $182,500 $200,750 $228,500 $282,500 $288,500 + 2.1% + 58.1%

Franktown $521,500 $569,500 $615,000 $640,000 $835,000 + 30.5% + 60.1%

Frederick $0 $247,000 $0 $0 $420,000 -- --

Golden $395,000 $450,000 $499,950 $525,000 $590,000 + 12.4% + 49.4%

Greenwood Village $674,625 $727,450 $775,000 $845,000 $917,000 + 8.5% + 35.9%

Henderson $255,000 $282,500 $310,000 $337,500 $337,250 - 0.1% + 32.3%

Current as of January 29, 2019. All data from REcolorado®. © 2018 REcolorado. All rights reserved. REcolorado® is a registered trademark of REcolorado. Report © 2018 ShowingTime. | 11
2018 Annual Report on the REcolorado® Housing Market

Area Median Prices


Change Change
2014 2015 2016 2017 2018 From 2017 From 2014

Highlands Ranch $355,000 $390,000 $421,000 $447,250 $472,000 + 5.5% + 33.0%

Idaho Springs $189,500 $237,500 $259,750 $286,000 $325,000 + 13.6% + 71.5%

Indian Hills $322,500 $356,000 $350,000 $396,000 $475,000 + 19.9% + 47.3%

Kiowa $286,000 $325,000 $363,000 $388,750 $420,000 + 8.0% + 46.9%

Lafayette $384,623 $374,425 $426,000 $488,000 $504,500 + 3.4% + 31.2%

Lakewood $249,000 $277,500 $326,000 $355,000 $383,550 + 8.0% + 54.0%

Larkspur $497,475 $508,500 $550,000 $585,000 $655,000 + 12.0% + 31.7%

Littleton $286,260 $327,424 $365,000 $390,000 $420,000 + 7.7% + 46.7%

Lone Tree $467,000 $545,000 $581,000 $592,500 $639,000 + 7.8% + 36.8%

Longmont $278,000 $311,000 $358,500 $385,000 $423,950 + 10.1% + 52.5%

Louisville $416,355 $512,000 $575,000 $585,000 $605,000 + 3.4% + 45.3%

Morrison $289,975 $345,000 $361,000 $415,000 $428,500 + 3.3% + 47.8%

Northglenn $210,000 $245,000 $279,815 $305,110 $332,000 + 8.8% + 58.1%

Parker $348,000 $375,000 $417,500 $449,450 $470,000 + 4.6% + 35.1%

Pine $308,000 $336,500 $390,000 $420,000 $435,000 + 3.6% + 41.2%

Sedalia $517,395 $580,000 $599,950 $548,000 $615,000 + 12.2% + 18.9%

Strasburg $222,000 $277,764 $313,000 $357,250 $381,380 + 6.8% + 71.8%

Superior $416,000 $485,000 $520,000 $579,250 $547,000 - 5.6% + 31.5%

Thornton $236,326 $273,000 $305,000 $335,000 $370,000 + 10.4% + 56.6%

Westminster $236,000 $275,000 $310,000 $340,000 $365,000 + 7.4% + 54.7%

Wheat Ridge $271,250 $305,000 $365,000 $385,000 $415,000 + 7.8% + 53.0%

Aurora Association of REALTORS® $274,000 $310,000 $345,000 $375,000 $400,000 + 6.7% + 46.0%

Denver Metro Association of


$275,000 $314,000 $349,500 $379,000 $408,000 + 7.7% + 48.4%
REALTORS®
Mountain Metro Association of
$272,950 $315,000 $355,550 $385,000 $414,500 + 7.7% + 51.9%
REALTORS®
South Metro Denver REALTOR®
$274,900 $312,000 $347,500 $375,000 $405,000 + 8.0% + 47.3%
Association

Current as of January 29, 2019. All data from REcolorado®. © 2018 REcolorado. All rights reserved. REcolorado® is a registered trademark of REcolorado. Report © 2018 ShowingTime. | 12