October 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 market is not as scary as you may think. Read on to see what that means for Denver neighborhoods.
In particular, there are a lot of listings coming online in the luxury market — homes priced between $2 and $4 million. New construction is coming online. Buyers in this price range now have many options.
October 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
Read our study on East Wash Park in our main blog post here.
| Stat | September | % Change (M/M) | % Change (Y/Y) |
| New Listings | 16 | 220% | 77.8% |
| Closed Sales | 6 | 50.0% | -57.1% |
| Closed Average Price | $2,250,000 | 6.7% | 20.4% |
| Sale / List (Median) | 100% | 0.0% | -2.0% |
| Median Price Per Square Foot | $636 | 8.5% | 25.7% |
West Washington Park
At $1.545 million, 1003 S Corona is pending, at over $600 per square foot. It sold in July 2021 at $1.393 million. This home represents a premium sale on the west side of the park, but it is just one block away from the central feature, which helped it command a premium.
| Stat | September | % Change (M/M) | % Change (Y/Y) |
| New Listings | 17 | 21.4% | -5.6% |
| Closed Sales | 9 | -40.0% | 12.5% |
| Closed Average Price | $1,113,950 | -3.6% | 20.6% |
| Sale / List (Median) | 96% | -4.0% | -5.9% |
| Median Price Per Square Foot | $447 | -3.5% | 12.0% |
Cory-Merrill
Lots are fetching a premium in Cory-Merrill as builders find they can make their economics work in the neighborhood. 1209 S Milwaukee Street, sold in October at $2.9 million, is an example. It was built by renowned Denver builder Gunlock Homes, who is known as a quality builder with great design. It shows in this house, which had floor-to-ceiling windows along the staircase and three-tone kitchen cabinets in the kitchen with a mix of hardware metals. It had a warm luxury feel.
| Stat | September | % Change (M/M) | % Change (Y/Y) |
| New Listings | 11 | 0.0% | 57.1% |
| Closed Sales | 4 | 33.3% | -55.6% |
| Closed Average Price | $1,807,250 | 49.4% | 63.2% |
| Sale / List (Median) | 98% | 0.0% | -5.8% |
| Median Price Per Square Foot | $509 | 12.61% | 51.9% |
Bonnie Brae
1717 South Filmore, pending at $3.85 million, features gorgeous brick in a new construction home. At over $700 per square foot, it’s price is high for the neighborhood, but it’s a lovely home. Next door, 721 S Filmore, is for sale, listed at $1.15 million.
| Stat | September | % Change (M/M) | % Change (Y/Y) |
| New Listings | 5 | 25.00% | -28.6% |
| Closed Sales | 2 | -60.0% | 100.0% |
| Closed Average Price | $2,417,950 | 29.1% | 287.7% |
| Sale / List (Median) | 94% | -1.1% | -16.8% |
| Median Price Per Square Foot | $583 | -1.9% | 39.8% |
Congress Park
I love the charm of the Congress Park bungalow at 823 Cook Street, pending at $1.1 million. Updated and renovated, it features a great open flooplan.
| Stat | September | % Change (M/M) | % Change (Y/Y) |
| New Listings | 8 | -11.1% | -42.86% |
| Closed Sales | 11 | 83.3% | 0.0% |
| Closed Average Price | $1,051,818 | 10.4% | -2.8% |
| Sale / List (Median) | 97% | -3.0% | -6.7% |
| Median Price Per Square Foot | $378 | -0.5% | -16.0% |