June 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.

With the economy sputtering and interest rates rising, Denver real estate market consumers increasingly must tune into the market.

Even with a shifting market, central Denver neighborhoods are among Denver’s most desired.

June 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

One of the hot real estate topics in June for East Wash Park has been 1130 South Gilpin, a builder’s personal home listed at $4.175 million, which is under contract for what many believe to be over-asking. It listed on May 24 and was under contract by May 26.

When the sale closes, this four-bed, five-bath, 5,450-square-foot masterpiece might be a record for a home not right on the park itself.

Stat May % Change (M/M) % Change (Y/Y)
New Listings 16 -30% 33.3%
Closed Sales 22 37.5% 4.8%
Closed Average Price $2,001,691 1.1% -1.2%
Sale / List (Median) 104% -3.7% 3.0%
Median Price Per Square Foot $552 0.4% 8.9%

West Washington Park

On the west side of the park, where lots and prices are smaller, 797 South Clarkson Street recently sold for $1.65 million. This is a record for Clarkson Street, one of the desired neighborhood streets parallel to the park.

Stat May % Change (M/M) % Change (Y/Y)
New Listings 12 -47.8% 50.0%
Closed Sales 11 -35.3% 175.0%
Closed Average Price $980,000 7.0% 3.7%
Sale / List (Median) 109% 0.9% 2.8%
Median Price Per Square Foot $473 -12.1% -8.3%


In Cory-Merrill, where me and my family live, we have a couple of new-construction homes hitting the market soon, which should be priced right around $3 million. These would be record sales, or approaching record sales, depending on the final sales price.

1118 South Josephine Street exemplifies the sustained high demand in the neighborhood. It sold for $2.55 million May 13, approximately $450,000 over asking! That’s way above normal for the neighborhood.

Stat May % Change (M/M) % Change (Y/Y)
New Listings 11 10.0% -45.0%
Closed Sales 9 0.0% 28.6%
Closed Average Price $1,196,389 -39.0% 10.8%
Sale / List (Median) 107% 2.9% 2.9%
Median Price Per Square Foot $398 -14.41% 0.0%

Bonnie Brae

In Bonnie Brae, there’s a fantastic newer listing, 1029 South Cove Way, a new-construction that features a sensational floor plan. I recently toured it and was impressed by its livable design and practical layout, which featured mud rooms off both the front and back doors with powder rooms near both.

The home, which hit the market on May 3, actually did a rare price increase! on May 31 of $125,000. Now listed for $3.25 million.

Stat May % Change (M/M) % Change (Y/Y)
New Listings 3 0.00% -66.7%
Closed Sales 3 -57.1% -66.7%
Closed Average Price $1,875,000 -18.3% 26.3%
Sale / List (Median) 104% -4.6% 4.0%
Median Price Per Square Foot $701 42.5% 52.4%

Congress Park

Check out our listing at 665 Clayton Street! Listed for $995,000, the 3-bed, 2-bath bungalow is now under contract.

If I were single with no kids, I’d live there in a skinny minute.

Stat May % Change (M/M) % Change (Y/Y)
New Listings 21 -8.7% 90.91%
Closed Sales 10 -44.4% -16.7%
Closed Average Price $1,231,751 28.1% 23.7%
Sale / List (Median) 111% 1.8% -0.9%
Median Price Per Square Foot $509 1.8% 19.5%