"Seller's Market" is the term to define all three of these Northwest Denver neighborhoods. Low inventory throughout the Denver Metro area, including the Highlands and its neighboring areas, has buyers and agents frustrated in finding properties that meet client's price range and needs. Properties priced well and in good condition are receiving offers within 24-48 hours of going on the market. Many properties are receiving mulitple offers and offers that are close to, or above, asking price. Real estate agents are having to craft strategies to get offers accepted and buyers are having to forego consessions or contingencies to make their offers more attractive. As we approach the high point of the spring and summer selling season it is hoped that sellers currently on the fence recognize this great opportunity and take the plunge to sell. The low vacancy rates in the rental market and rent prices on the rise, combined with historically low interest rates, have many buyers deciding that now is the time to pursue home ownership. They see that in many cases, owning a home is more affordable than renting.
If you have considered, or are considered selling your home.....now is the time!
West Highland
Single Family
# of Units Sold 32
Median Sales Price $321,500
Average Sales Price $436,500
Avergae PSF $212
Average DOM 151
MOI 2.6
Condo
# Units Sold 5
Median Sales Price $202,000
Average Sales Price $197,900
Average PSF $215Average DOM 892
MOI 5.3
Berkeley
Single Family
# of Units Sold 32
Median Sales Price $275,500
Average Sales Price $227,225
Avergae PSF $182.5
Average DOM 45.5
MOI 2.4
Condo
# Units Sold 1
Median Sales Price $57,000
Average Sales Price $57,000
Average PSF $92
Average DOM 183
MOI 2
Sunnyside
Single Family# of Units Sold 47
Median Sales Price $210,000
Average Sales Price $246,650
Avergae PSF $173.5
Average DOM 81.5MOI 1.8
Condo
# Units Sold 0
Median Sales Price 0
Average Sales Price 0
Average PSF 0
Average DOM 0
MOI 2
