If you know me and our team, you know we are BIG data people. So how’s the Denver market performing this summer?
Let’s dig into the residential numbers (attached and detached).
New listings in June were down 27.22% relative to June 2022.
The median sales price in June was down 1.94% relative to June 2022.
Average days in the MLS? Up 109.09%.
Overall sales volume? Down 25.17%.
(*Data from DMAR July 2023 Market Trends Report)
You don’t need to be a real estate broker to understand the Denver market has changed considerably since last summer. The good news is our buyers here at Focus Real Estate are having a lot more success this summer when submitting offers. While we’re still running into bidding wars here and there, it seems our buyers are better positioned than they’ve been in a long time to negotiate great contract terms on the homes they love.
Our sellers? We’ve had to double (and even triple) down on our marketing efforts. Smart and clever social media campaigns on Facebook and Instagram to big audiences, more open houses, better staging and presentation, beautiful photography, and more.
We’ve been fortunate that all our listings have been very successful, but we also understand that as the buyer pool shrinks we need to do a better job for our sellers than ever before. In short, what worked before when selling homes is not necessarily what works now.
Before we dive into our local Central Park real estate market data, I sat down with Ed Hickok at David Weekley recently to chat about the last few rowhomes available in Central Park’s North End. If you’d like to learn more, email me at [email protected].
Last but not least here’s a featured rental our property management division here at Focus has available!
9988 E 62nd Ave – $3,695 per month
This brand new 4-story townhome with 3 beds and 3 baths is available for rent. This end-unit townhome features stunning mountain and city views, a rooftop deck, a 2-car attached finished garage and modern finishes throughout.
There’s a lot to love about this property, but my favorite part? The rooftop deck is amazing.
And I mean amazing!
Contact Joe Phillips at [email protected] if you’d like to learn more.
Now, here’s your real estate update!
Active Listings
There are currently 44 active non-builder listings in Central Park.
New Listings
This week we saw 7 new non-builder listings in the neighborhood.
Under Contract Homes
Right now there are 4 homes that are pending (meaning they are under contract, but have not yet closed).
Disclaimer: Our Friday real estate updates are meant to be a “roundup” type post where we discuss all 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. Focus and its agents make no representations, warranties, or guarantees as to the accuracy or completeness of any information in this post. Please confirm all information with your own advisors and do not rely on this post. Thanks for reading the Scoop!
