Baker Area is Back

Or so says the Rocky Mountain Independent columnist, Hank Schultz, in his August 6th Article:

Hough [President of the Baker Association] noted that during the recent real estate storm, Baker was one of the few neighborhoods in Denver to show a rise in values.

We decided to take a look at the numbers ourselves and measured the median price of residential homes in Baker for the past 12-months as compared to the previous 12-months.  We defined the baker neighborhood as outlined on this map:

September 2008 to September 2009: $234,000

September 2007 to September 2008: $251,707

Which calculates to a total depreciation rate of 7.1%.

Baker has been a hyped as a neighborhood that is “up and coming” for almost a decade now, but has little to show for it.  Still, it is a less expensive option to West Wash Park where the median price is $365,000.

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