July 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.
This summer, the market is finally making moves to become more balanced.
July 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
I absolutely adore the stately East Wash Park home at 401 S Gaylord Street, which my milehimodern colleagues recently sold at $4.25 million. The house sits on a triple lot, rare for the neighborhood and measures 6,515 total square feet on a 9,360 square foot lot. The price revels the big demand this neighborhood continues to get.
401 South Gaylord Street
| Stat | June | % Change (M/M) | % Change (Y/Y) |
| New Listings | 14 | -13% | -12.5% |
| Closed Sales | 12 | -45.5% | -25.0% |
| Closed Average Price | $2,441,208 | 22.0% | 30.1% |
| Sale / List (Median) | 100% | -3.8% | -2.9% |
| Median Price Per Square Foot | $587 | 6.3% | 21.3% |
West Washington Park
Inventory in West Wash Park has picked up. There are currently 42 active listings in the neighborhood as compared to earlier in the year, when there was a maximum of seven active listings at one time.
511 South Pennsylvania Street
I’d love to give a shout out to my West Wash Park listing at 511 South Pennsylvania Street, a charming single-family home listed for $900,000. It includes an accessory dwelling unit that generates $1,000 per month in income.
| Stat | June | % Change (M/M) | % Change (Y/Y) |
| New Listings | 17 | 41.7% | -29.2% |
| Closed Sales | 12 | 9.1% | -25.0% |
| Closed Average Price | $1,176,250 | 20.0% | 8.0% |
| Sale / List (Median) | 104% | -4.6% | 0.0% |
| Median Price Per Square Foot | $504 | 6.6% | 14.3% |
Cory-Merrill
A new home by relatively new Denver hombuilder TJHome at 1111 South Adams Street, listed for $2.895 million, is now under contract. I love this block with the quick proximity to Bonnie Brae Park, Cory Merrill School and South Gaylord.
| Stat | June | % Change (M/M) | % Change (Y/Y) |
| New Listings | 4 | -63.6% | -63.6% |
| Closed Sales | 3 | -66.7% | 14.3% |
| Closed Average Price | $1,024,774 | -14.3% | -4.2% |
| Sale / List (Median) | 100% | -6.5% | -3.8% |
| Median Price Per Square Foot | $482 | 21.11% | 26.8% |
Bonnie Brae
For some true eye candy, check out the pending sale at 1001 South Adams Street. What’s not to love about this charmer?
It features original exterior design, floor-to-ceiling windows, and an exterior Colorado room to die for. And check out the primary suite bathroom! Wow. Pending, listed at $4.15 million.
| Stat | June | % Change (M/M) | % Change (Y/Y) |
| New Listings | 8 | 166.67% | 166.7% |
| Closed Sales | 1 | -66.7% | -83.3% |
| Closed Average Price | $1,900,000 | 1.3% | 0.0% |
| Sale / List (Median) | 120% | 15.4% | 16.5% |
| Median Price Per Square Foot | $603 | 86.0% | 42.2% |
Congress Park
I have to mention our adorable listing in the neighborhood at 655 Clayton Street that just sold at $1 million. So much to love: covered front porch, hardwood floors and ultra-charming space.
| Stat | June | % Change (M/M) | % Change (Y/Y) |
| New Listings | 15 | -28.6% | 15.38% |
| Closed Sales | 18 | 80.0% | 63.6% |
| Closed Average Price | $1,207,472 | -2.0% | 19.7% |
| Sale / List (Median) | 103% | -7.2% | -1.0% |
| Median Price Per Square Foot | $452 | -11.2% | 26.3% |