There are many Denver neighborhoods that have done remarkably well over the past few years, posting home price gains that are normally reserved for a vibrant Denver real estate market. Land Title crunched the numbers to determine which Denver neighborhoods are the “hottest” in an otherwise cold economy. The “Elite Eight,” are Denver neighborhoods that saw the largest price increase last year.
The Elite Eight Denver neighborhoods that saw the highest average sale price increase in 2008:
Baker: Average Sold Price = $255,000; + 8% in 2008.
Berkeley East: Average Sold Price = $314,000; + 7% in 2008
Cherry Creek: Average Sold Price = $1,161,000; + 11% in 2008 (Cherry Creek Real Estate)
East Highland: Average Sold Price = $296,000; + 7% in 2008 (Highland Real Estate)
Platt Park South: Average Sold Price = $402,000; + 4% in 2008
Rosedale: Average Sold Price = $360,000; +17% in 2008
University Hills: Average Sold Price = $303,000; + 6% in 2008
Wash Park East: Average Sold Price = $705,000; + 8% in 2008 (Washington Park Real Estate)
For information on these hot Denver neighborhoods, or other questions regarding the Denver real estate market, please contact TeamCox Realtors at 303-400-6060.
TeamCox Realtors – Treating our clients’ real estate transactions as if they were our own.
If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance