Evergreen Foothills 2008 Market Statistics

2008 is behind us. It wasn't all bad in our Foothills community. Located 30 minutes West of Denver is Evergreen, Genesee, Conifer, Morrison, Pine, Bailey. Mountain living is unique to many. Coming from this ex-California boy, it's pretty easy...as long as you have the right tools (snow tires, all wheel drive, and a snow blower).

Living here for 5 years now, I can say that I'm a veteran Winter dweller. That being said, our housing market has seen it's bumps and bruises. More and more buyers are extremely picky and the littlest things are now causing some buyers to simply wait until the next round of homes that come on the market. Unlike the flat lands of the Denver Metro area, buyers in the Foothills are concerned about access, dirt v. paved roads, county maintained roads v. private, public services v. septic - wells - propane tanks, steepness of yards, how the home faces the sun. I can confidentally help my clients understand each element and give them my perspective as an implant to mountain living. They appreciate that.

The following stats are available on my website. We saw the popular North Evergreen area take a big hit last year. The Median home price dumped 13% over 2007. Whereas South Evergreen only saw a slight drop of 1.3%. The good news is that days on the market dropped for both areas of Evergreen. The Highway 285 Corridor including Morrison, Conifer and Pine saw a drop in Median prices by nearly 8%. The bright spot came from the Interstate 70 Corridor area known as Genesee/Lookout Mountain in Golden. Median home prices actually increased 1.6% from 2007.

I'm seeing good homes, with proper pricing going pretty quick still. The average days on the market for active homes is hovering around the 200 day mark. That's primarily because there isn't much coming on the market and what's already there has some quirks that buyers are not settling for.

Being somewhat of a resort town that is close to Denver and the ski country, I believe our market will stay pretty steady in 2009. Buyers are more aggressive but as long as Sellers are pricing correctly and enhancing their homes to meet with today's buyer needs, they should sell in a reasonable amount of time.

Enjoy reviewing these stats and if you have questions, don't hesitate to contact me.