Denver’s real estate market continues to show signs of being a leading market in virtually every category.  A recent article titled “Denver Real Estate Market Continues to Sizzle” from the Wall Street Journal Marketwatch is a lengthy report praising the great fundamentals and vitals of our market.

You can read the article here.  Our cliff notes version taken from the article is the following…

  • Total sales for single family residences in the Denver residential market are now running 20% ahead of the same period last year
  • Average days on market (DOM) fell another 8% to 72 days, a full 32 days shorter than June 2011
  • We're nearing inventory levels that are about 40% under last year's available units while sales continue to run well ahead of 2011 figures
  • The average sales price for single-family homes rose to $297,597 in June, a 5% jump from May and a 12% increase from last year

It’s hard to miss all the reasons why we see this growing trend.  The downtown Denver loftand condo lifestyle has been growing through the addition of new restaurants, shops, and amenities.  The Lower Highlands (LoHi) area has been a strong leader in new restaurant growth along with the Lower Downtown (LoDo) neighborhood.

Transportation within our city is undergoing a rapid development plan with the new Union Station Neighborhood hub.  Have you visited this area nestled between LoDo and Riverfront Park Lately?

They are building a new modern destination for Denver on these city blocks that were once just dirt and grass.  The main light rail station is completed along with the central boulevard.  New buildings are being added to the master plan and leasing signs for these blocks are awaiting their new occupants.

This all means more great restaurants, shops, and amenities are on the way as well.  City planners are looking for the new Union Station Neighborhood to have some of the highest foot traffic in Downtown Denver. 

To learn more about the amazing growth in Denver and the amazing opportunities in our downtown Denver real estate market please contact anyone on the New Era Realty team today.

Cheers Denver, another check up and your vitals look amazing!