April core Denver neighborhood market report
This report analyzes the current real estate activity in a few of my core central Denver neighborhoods, where I do a bunch of my business, and where I experience market changes first hand, daily.
The Denver market has picked up in 2023, as it usually does in the spring, but it has really been hot + cold in seemingly contradictory ways.
April Denver neighborhood market report
Because so much of my business centers on this area, I want to dive in to provide readers a better understanding of what’s happening in this extremely popular, unique aspect of the Denver real estate market.
Interested in learning more about these great Denver neighborhoods? Reach out to me at kharris@milehimodern.com
This report covers East Washington Park, West Washington Park, Cory-Merrill (where my family and me live! :)), Bonnie Brae and Congress Park. (This report leaves out Cherry Creek for now).
East Washington Park
East Wash Park, one of the most coveted neighborhoods in central Denver, saw listings increase in March from February, but, true to the overall bipolar nature of the market, listings dropped from a year ago.
One of the newer listings that caught my eye comes from my milehimodern colleauge Courtney Ranson, 959 South Vine Street. The new-construction, four-bed, five-bath, 5,211-square-foot home stands out for some of its unique design features, such as its:
- Dark blue wood herringbone-patterned front door
- The interesting contrast throughout the home — natural wood accents like the wood design in the dining room and over the hood
- The sleek smooth-tile fireplace
These features make the home feel more unique than many of the other new-builds I encounter. It’s very sophisticated when you tour inside.
959 South Vine Street
| Stat | March | % Change (M/M) | % Change (Y/Y) |
| New Listings | 18 | 50% | -18.2% |
| Closed Sales | 7 | -30.0% | -58.8% |
| Closed Average Price | $1,895,929 | -16.6% | -8.3% |
| Sale / List (Median) | 100% | 5.3% | -4% |
| Median Price Per Square Foot | $546 | -8.7% | -9.2% |
West Washington Park
The median price per square foot in West Wash Park continues to rise. In March, it was up 20.9% from a year ago.
Our listing at 675 South Downing Street, a three-bed, one-bath home listed at $1.3 million, commands a premium per-square-foot price of $745. It sits right across from Washington Park — it provides about as good of park views as you can get for a home in the neighborhood.
675 South Downing Street.
| Stat | March | % Change (M/M) | % Change (Y/Y) |
| New Listings | 13 | 85.7% | -23.5% |
| Closed Sales | 7 | 40.0% | -46.2% |
| Closed Average Price | $1,276,357 | 27.8% | 21.7% |
| Sale / List (Median) | 101% | 1.0% | -9.8% |
| Median Price Per Square Foot | $597 | 20.6% | 20.9% |
Cory-Merrill
Cory-Merrill is a great central Denver neighborhood. On a per-square-foot basis, you can get more space for your buck than in many central Denver neighborhoods.
The listing at 1418 South Milwaukee Street, under contract with a list price of $2 million, features good value for the neighborhood. It’s on a great block in the neighborhood.
| Stat | March | % Change (M/M) | % Change (Y/Y) |
| New Listings | 6 | 200.0% | -40.0% |
| Closed Sales | 3 | 200.0% | -66.7% |
| Closed Average Price | $818,667 | -52.5% | -42.6% |
| Sale / List (Median) | 96% | 12% | -12.7% |
| Median Price Per Square Foot | $420 | 9.95% | -12.1% |
Bonnie Brae
There were no sales in tiny Bonnie Brae in March. But five new listings hit the market.
The milehimodern listing at 1074 South Cook Street stands out. Listed at $3.05 million, the new-construction, six-bed, seven-bath home has some unique features for the hood, including hardwood flooring upstairs, designer tile throughout and, in the primary bedroom, a coffee and wet bar. Don’t always see that in new construction.
1074 South Cook Street.
| Stat | March | % Change (M/M) | % Change (Y/Y) |
| New Listings | 5 | 400.00% | -28.6% |
| Closed Sales | 0 | -100.0% | -100.0% |
| Closed Average Price | $0 | -100.0% | -100.0% |
| Sale / List (Median) | 0% | -100.0% | -100.0% |
| Median Price Per Square Foot | $0 | -100.0% | -100.0% |
Congress Park
There’s not a lot active in Congress Park now. The seven listings that hit the market in March represents a 50.0% decrease from March a year ago.
The right homes in the neighborhood are going under contract quickly, such as 833 North Fillmore Street, which went under contract on March 28, just five days after going on the market at $1.2 million. The home is unique because it’s a larger bungalow for Congress Park at 1,500 square feet upstairs and down (a typical Congress Park bungalow has 1,200 square feet up and down).
| Stat | March | % Change (M/M) | % Change (Y/Y) |
| New Listings | 7 | 16.7% | -50.0% |
| Closed Sales | 6 | 20.0% | 0.0% |
| Closed Average Price | $1,195,500 | 17.2% | 13.2% |
| Sale / List (Median) | 103% | 2.0% | -1.0% |
| Median Price Per Square Foot | $473 | 12.1% | 11.8% |