Denver Historic Neighborhoods

Monthly Update

Denver Historic Neighborhoods

 

Real estate in Denver historic neighborhoods took an interesting turn this spring. Inventory tightened, days on the market declined, and there was a big jump in the number of home sales.

Where the Action Is: Denver Botanic Gardens

Denver Botanic Gardens, one of the neighborhood’s finest attractions, just got a little better. A major outdoor exhibit by Studio Glass artist Dale Chihuly has taken over the 24 acre garden, inviting you to think about sculpture and botany in a whole new way. The exhibit runs from June 14 – November 30, 2014.

Active Listings

From March – May, 2014 there were 94 active listings, a 20 percent decline from the previous quarter and less than half the inventory in Denver historic neighborhoods a year ago at this time, when there were 260 active listings.

Sold Homes

Here’s where it gets interesting. March – May, 2014 saw a 167 percent jump in the number of sold homes, from just 15 in the previous quarter to 40. That figure is similar to the number of sales a year ago, but with so little inventory on the market, it represents a significant increase in buyer interest.

Days on the Market

Active listings stayed on the market an average of 42 days this last quarter, 29 percent less than the previous quarter and also 29 percent less than a year ago.

Average Sales Price

The average sales price in Denver historic neighborhoods from March – May, 2014 was $561,108, up 16 percent over the previous quarter, when houses sold for $483,609. The sales price rose an amazing 95 percent from this time last year, when houses sold for $287,504 on average.

Denver Country Club and 7th Ave Historic Districts are a robust seller’s market right now. I am a real estate broker specializing in these neighborhoods who can help you navigate the buying process and to make sure you are pricing your home effectively in this competitive market.

 

Interested in buying or selling in a Denver historic neighborhood?
Contact Pat Ayers for advice or a consultation:
Pat Ayers
303.956.0221
payers@rmcherrycreek.com

Pat Ayers
Denver Historic Neighborhoods

 

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