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 gotten a splash of cool in recent weeks.

Central Denver neighborhoods are among Denver’s most desired.

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 has been flirting with the $700-average-price-per-square-foot threshold for months and a recent listing — on Gaylord Street — just hit the market above it. We’re all watching it.

Stat March % Change (M/M) % Change (Y/Y)
New Listings 22 -100% 10.0%
Closed Sales 17 466.7% 6.3%
Closed Average Price $2,067,271 12.9% 13.1%
Sale / List (Median) 104% 4.0% 3.0%
Median Price Per Square Foot $601 -1.6% 32.4%

West Washington Park

The same story is happening in West Wash Park, where homes are a bit less expensive and the lots smaller. However, the premium price-per-square-foot pricing is happening here, too.

677 South Washington Street, a few blocks off the park, recently sold for $1.1 million. This represented an average of $567 per square foot. Homes in West Wash Park blocks off the park have not yet attracted sales of over the $550 price-per-square-foot line, but prices are creeping up.

Stat March % Change (M/M) % Change (Y/Y)
New Listings 17 70.0% 142.9%
Closed Sales 13 85.7% 0.0%
Closed Average Price $1,049,154 -10.1% 22.5%
Sale / List (Median) 112% 8.7% 13.1%
Median Price Per Square Foot $494 -10.7% 35.0%


Two homes have been listed recently in Cory-Merrill for over $3 million, the first time (we assume one or both will sell at that price) a neighborhood home will sell above that number.

This brings the neighborhood to a new level. It moves the needle.

Stat March % Change (M/M) % Change (Y/Y)
New Listings 10 25.0% 42.9%
Closed Sales 9 80.0% -18.2%
Closed Average Price $1,426,149 25.2% 22.2%
Sale / List (Median) 110% 10.0% 0.9%
Median Price Per Square Foot $478 25.5% 39.0%

Bonnie Brae

Bonnie Brae, too, is breaking records.

A new construction home at 1001 South Clayton, built by the renowned Denver builder Thomas James Homes is under contract at over $738 per square foot, a record for the neighborhood.

Stat March % Change (M/M) % Change (Y/Y)
New Listings 7 0.75 75.0%
Closed Sales 4 33.3% -20.0%
Closed Average Price $2,562,500 214.4% 47.9%
Sale / List (Median) 110% 14.6% 5.8%
Median Price Per Square Foot $665 282.2% 56.1%

Congress Park

Congress Park continues its recent upward movement. The closed average sale price for neighborhood homes rose 21.4 percent from a year ago in March to $1.056 million.

1226 Detroit Street, listed for $1.6 million, is set to sell at over $300,000 over asking with multiple offers — Denver market heat still exists.

Stat March % Change (M/M) % Change (Y/Y)
New Listings 14 75.0% 0.00%
Closed Sales 6 20.0% -14.3%
Closed Average Price $1,056,217 -7.3% 21.4%
Sale / List (Median) 104% 4.0% 1.0%
Median Price Per Square Foot $423 11.0% 10.2%