Denver Neighborhood Performance

olympic ringsThe results are in….
49 neighborhoods competed over the past twelve months for highest price appreciation.

The medal winners are:

Bronze – University Hills (18.7%)

Silver – LoHi (19.2%)

Gold – Cheesman Park (19.4%)

Strong contenders included Lowry (18%) and Highlands (17.6%).

Higher median priced neighborhoods such as University Park (-5.9%), Country Club (-1.6%), and Greenwood Village (-1.1%) showed depreciating numbers.

Candidly, the appreciation numbers can swing dramatically from neighborhood to neighborhood; especially in small neighborhoods where there are few transactions, or in neighborhoods with widely varying price points.

Not surprisingly, inventory was low across the board.  National Association of Realtor’s states that six months of inventory is a balanced market.  47 of the 49 neighborhoods in our analysis were below six months, a seller’s market.  Cherry Hills Village and Polo Club had six months of inventory, a balanced market.

See the full results, and click on individual neighborhoods for detailed reports.

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