The Areas With the Best (and Worst) Median Sale Price Change in 2019
In terms of median sale prices, which parts of Denver have improved the most since 2018? Which have improved the least? Here’s your answer.
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Here are the best- and worst-performing areas of Denver in terms of median home price change when compared to 2018.
80640 (Henderson): +19%
80433 (Conifer): +19
80113 (Cherry Hills): +25%
80135 (Sedalia): +78%
It’s interesting to note that both Conifer and Sedalia are more rural communities. For these areas, not all homes appreciated by 19% and 78%. Rather, it was more of a case of a small number of fantastic homes selling and lifting the median price along with them. The same can be said for Cherry Hills.
Some of these areas, such as University Hills/Observatory Park/Wellshire and Greenwood, have seen many more lower-priced homes sell than higher-priced ones in 2019.
80210 (University Hills, Observatory Park, and Wellshire): -10%
80218 (Alamo Placita): -10%
80223 (Athmar Park, Baker, and Overland): -12%
80121 (Greenwood Village): -20%
80230 (Lowry): -27%
Some of these areas, such as University Hills/Observatory Park/Wellshire and Greenwood, have seen many more lower-priced homes sell than higher-priced ones in 2019. In Alamo Placita, a lot of older homes are selling and being replaced by new construction homes, which should have a positive impact in the next six to 12 months. Lowry experienced the same trend as University Hills/Observatory Park/Wellshire and Greenwood, and they’ve also had a couple of new construction communities pop up within the last year.
If you have any questions about buying or selling a home in any of these areas or you have any other real estate needs, don’t hesitate to reach out to me. I’d be happy to help you.