Happy Friday! Even though it’s a busy back to school week for many of us, we have a jam-packed Central Park real estate update to share with you!
In this post we’ll cover the latest neighborhood listings, open house info for the weekend, several luxury for rent homes we have available, a July market statistics report on the Denver metro area and details on how you can purchase one of our Thrive single family home listings with an interest rate as low as 5.875%!
Before we jump into all the real estate, we wanted to remind you that you have roughly two more weeks to vote for your favorite local establishments in the first annual “Scoopie” Awards! Over 1,400 votes have been cast so far! You can learn more and vote here. If you vote you’re eligible to win prizes from local businesses. In the next week we’ll be giving away gift cards to Nuggs Ice Cream, Mici Italian, High Point Creamery & Logan House Coffee!
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On to the neighborhood real estate for the week…
There are 9 new & coming soon listings in Central Park this week
Of the coming soon and new listings, here is a unique one that caught my attention:
9670 E 63rd Pl: $799,000
Listed by Kailee Ackerman from our team at Focus Real Estate, this stunning Brookfield Villa 4 in Central Park’s North End, featuring 4 bedrooms, 3.5 baths, and a finished basement with a home gym doesn’t disappoint! The open main level boasts modern finishes, a chef’s kitchen, and a light-filled living room with a dramatic fireplace, opening to a private backyard with a pergola-topped deck and easy-care turf. Enjoy luxurious touches throughout, including a spa-inspired primary suite, abundant storage, and an attached two-car garage—just steps from neighborhood parks and amenities. To see more check out this video and for more info you can contact Kailee at (720) 633-6282.
10033 E 60th Ave: $775,000
Stylish and energy-efficient Thrive home in Central Park with 3 bedrooms, 3 baths, dedicated office, and open-concept living filled with natural light. This one is sharp and we think buyer are going to love the finishes! Features include a chef’s kitchen with solid-surface counters, spacious primary suite, and solar panels for lower utility costs. Full unfinished basement offers expansion potential, all just steps from parks, trails, pools, and shops. This home is listed by Brad Hancock with You 1st Realty.
There were 11 homes that went under contract in Central Park in the last week. The average days on market for these specific listings was 79 days. That means on average a home is listed on the market for sale that long before a buyer contracts to buy the home. From there it can take another 30-40 days to close. That means it takes some time to get a home sold and closed these days! Sellers need to plan ahead and the process will take some patience.
The days on market average in the homes that just went under contract above is even longer than what was see as the average in the Denver metro market in general, which is 40 days. (Per the Denver Metro Association of Realtor (“DMAR”) July market report). Even at 40 days on market that is up 33% from how long it took to sell a home last year. Into stats and like seeing the trends in Denver real estate overall? We’ve put the full DMAR report at the end of this blog post if you want to dive in.
As you can see from the days on market info above, homes are taking longer to sell than they did a few years ago when it was a very low inventory, extreme “seller’s market”. Home inventory has now grown, interest rates/inflation have slowed buyer demand and the balance of power has evened back out. It’s important that both buyers and sellers are aware of that as they make their moves. A good local neighborhood real estate broker, whether it’s us or one of our colleagues from other companies, knows the market conditions and can help guide you through the whole process. (If you want to chat about a move here are 3 easy ways to reach us at Focus Real Estate)
There were 10 homes that closed in the past week. You can see them in the link above. We also looked at the average days on market for these sold homes and it was 39 days. Again, this supports it will likely take 1-2 months to find a buyer and go under contract.
Total Active Central Park Listings
There are now 103 active listings in the neighborhood. As I mentioned above, home inventory is up in general. This is true in Central Park and again also true in Denver in general. The DMAR July market report at the end of this post shows that Denver metro area home inventory is up 32% from this time last year.
More available homes equals more options for buyers, so they can take longer to make offers on homes, right? Not necessarily! We are seeing many homes take a few months to sell, but others, the ones with special features (think things like very well priced, great lot, amazing location, stunning interior design, etc) can oftentimes sell right away. Again, having an agent that can help you gauge which situation you’re in can help you write an offer that is competitively appropriate for the situation.
Of the actively listed homes here are a few I wanted to point out:
5511 Wabash St: $889,000 **Open House Sunday 8/17 11am – 1pm**
This Thrive Home Builders home really shines! With a new price of $889,000 and a seller-paid interest rate buy down that can get buyers a rate as low as 5.875%, this one has a lot to offer! My contact info is at the bottom of this post and I’d love to explain how the buy down program works.
We feel this home is the best buy in this price segment. The owners have cared for it so well and recently installed new carpet, custom lighting, new tile and more! It’s completely ready to go. The home features a very functional layout, 4 bedrooms, an oversized garage, a finished basement and an upgraded outdoor space. Take a tour of the property in this video we created and then if you’d like to see it in person I’m hosting an open house this Sunday 8/17 from 11am – 1pm. I’d love to meet you and answer any questions you have about this home, the interest rate buy down being offered or the neighborhood. This property is listed by Stephanie Airman and me, Joe Phillips, from Focus Real Estate.
Did you know that Focus Real Estate not only helps people buy and sell in the neighborhood, but we also manage rental properties in the area? (See a sample of our for rent portfolio here!)
The “Central Park Homes for Rent” link above will take you to a Zillow page showing you all of the available for rent homes in the area, not just ones listed for rent by us.
We have 3 for rent homes in Central Park available right now. You can see the details on those below and we’d love to show you any of them if you’re interested.
Active For Rent Listings:
8971 E 59th Pl – $3,475/mth. Beautifully upgraded 4-bedroom, 3.5-bath paired home in Beeler Park with private yard, finished basement, and 2-car garage, steps from parks, trails, and local shops. Features include an open main level, chef’s kitchen, outdoor deck, and pet-friendly policies—available near Central Park’s best amenities.
3580 Uinta St #14 – $3,975/mth. Modern, nearly new 4-bedroom, 3.5-bath townhome available Oct 1 in Central Park, just steps from shopping, dining, and light rail. Features include high ceilings, mountain views, deluxe kitchen, multiple balconies, bonus room, and a 2-car garage—pets allowed!
9244 E 37th Ave – $4,500. Infinity Lime Home: Spacious, light-filled residence on a private corner lot in Central Park North, featuring a gourmet kitchen, designer finishes, multi-level backyard, and smart home technology. Enjoy direct access to open space, plus three bedrooms, a finished basement, and a rare third parking space.
If you’re interested in seeing the rental we have listed above please text me, Joe Phillips, at (720) 299-1730 to set a showing. If these don’t’ work for you but you’d like to be emailed each Friday with our latest properties for rent please sign up here.
That’s our roundup post for the week! If we can be of service in any way, please reach out. We’re around and happy to help!
Below is the DMAR July Market Report in case you’re interested in studying the market trends in more detail:
DMAR JULY MARKET REPORT
Disclaimer: Our Friday real estate updates are meant to be a “roundup” type post where we discuss all for sale and for rent listings in Central Park, not just our own. It’s our way of making sure we follow the market closely and we share it with the Scoop readers because we know many of you like to track real estate in the area as well. Many of the listings in these posts are not our company’s listings and we wanted to mention that here to make sure it’s clear. Thanks for reading the Scoop!
