The Downtown Denver condo and loft market has continued to outperform most areas of the country. Those areas in the heart of our most popular Downtown Denver condo and Downtown Denver loft neighborhoods such as the Lower Highlands (LoHi), Riverfront Park, Washington Park, Lower Downtown (LoDo) and others continue to have short days on market often with multiple offers.
Denver is growing and our real estate market reflects it.
This creates a unique opportunity for both buyers and sellers. Those homes that are in the low or mid range price points appeal to a greater audience. There are many more buyers with access to sub $500K home budgets than the $1 million plus range.
It also becomes a real estate analysis of the best per square foot pricing in many of these Denver loft and condo markets. It is here that we have seen some of the greatest opportunities.
New Era Realty has a team focused on the many Downtown Denver high rise condo and loft offerings. Buildings such as SPIRE, the Glass House, Riverfront Tower, ONE Lincoln, and more offer the best in high rise living.
One of these Downtown Denver condo hotel high rise buildings has generated a very unique opportunity for our value oriented buyers. The amazing Four Seasons in downtown Denver was built with incredible attention to high quality finishes, luxury hotel amenities, restaurants, spa, and fitness services.
The building is amazing. And the developer has created buying incentives up to 60% in an effort to move the remaining inventory.
It seems that with SPIRE just a block or so away offering lower price points the team at the Four Seasons decided to do a huge sales incentive in order to compete.
For our buyers that means unique opportunities. In the article “A Rocky Mountain Low” the Wall Street Journal reports “Developers of a posh Four Seasons hotel-and-condominium project have come up with an effective strategy for turning around condo sales in a tough market: cut prices by as much as 60%.”.
Developers who still have inventory are one of our targeted searches for buyers. This is just one reason why.
Learn more about our dynamic Downtown Denver real estate opportunities or to speak with anyone on the New Era Team please contact us today.