West Metro | Quarter 2, 2022

For those that love the energy that Denver embodies but want to be just one step closer to the mountains, West Metro is the place to be. This community within Jefferson County is a suburban haven with all of the entertainment, shopping, and recreation options of a big city. Offering more space and affordability than Denver Metro, this collection of neighborhoods is attractive to consumers of all ages and lifestyles and has remained a popular destination for those looking to create the life they love along the Front Range.

LIV Sotheby’s International Realty produces a Micro Market Report focused on the West Metro market and its performance from January through June of 2022 compared to the same time frame in 2021. During the first half of the year, West Metro saw average home prices appreciate by 18.2% to reach an average price of $717,146. The average amount of time that homes spent on the market was 10 days – 16.7% less time than January through June of 2021. These increases indicate that West Metro remains a hot market for homebuying and selling in Colorado.

Several West Metro communities enjoyed price appreciation through the first quarter of the year as compared to the same period last year. In Arvada, the average price for a home rose by 18.8% to reach $674,956 in Q2. In the City of Golden, homes sold for average price of $900,560 which is 17.2% higher than the same time frame in 2021. Some of the most affordable homes through June of this year were found in Arvada where the average sale price was $674,956. On the other hand, some of the most expensive homes were recorded in Mesa Meadows where the average sale price was $1,569,500.

In addition to increases in prices, the surge of demand resulted in increases in the number of homes sold in several West Metro neighborhoods. For example, in the Village of Five Parks property sales rose by 114.3%, growing from seven sales through June of 2021 to 15 sales through June of 2022. Other areas also experienced a boost in home sales during the first half of the year such as the City of Golden where there were 108 homes sold – a 10.2% increase from the same time frame last year. Arvada, the community which had the most homes sold through Q2 in West Metro, saw a 1.7% decrease in property sales which still reached the impressive total of 1,359 homes sold.

With unbeatable access to both the city and Colorado’s scenic natural spaces, West Metro will continue to provide homebuyers and sellers with unique opportunities to reach their real estate and lifestyle goals.