Highland Condo/Town Home Inventory $400k and Below Frightenly Low!

As you know, Highland, or LoHi, has become an increasingly popular neighborhood in Denver.  New restaurants, coffee shops and businesses have made this the neighborhood to be in and a “hot spot” in the real estate market.  Who wouldn't want to call Highland home.......right? 

With popularity comes demand……..and demand requires supply.  Currently there is a shortage of condo/town home properties below $400,000 for sale in Highland.  There are currently 5 condo/town homes on the market that meet this criteria.  There are many people wanting to purchase a property in the neighborhood and it is difficult to help them find a property suitable for them.  Most are looking below $350,000.....which brings the selection to 3.

Condo sales in the neighborhood have remained steady over the past 6 months with and average of 4.8 sales per month and an average of 90 days on the market.  There is currently 1.2 months of inventory, making this segment of the market a seller’s market.  Sellers are getting an average of 97% of their asking price on the sale of their condo/town home.  Now is a GREAT time to put a condo/town home on the market.  If priced well it should get a lot of activity and move quickly!!!