Market Information on Denver’s Park Hill Neighborhoods and 2011 Sold Information

Thinking about selling or buying in the Park Hill neighborhoods? Here some information for you.

(The following information compiled from information provided by Metrolist MLS and applies to detached single family homes.)

The neighborhoods have averaged approximately 16 sales per month over the last 6 months. There are approximately 101 homes on the markets. Using these figures the absorption rate is approximately 15.8% and the “months of inventory” is about 6.3. This indicates to me a market slightly favoring buyers. The “median days on market” also consistent to this indication.

The homes in the Park Hill neighborhoods were built ranging from the late 1800’s to the 2000’s. Many home buyers favoring older homes like the area for the selection of the unique homes. Some of the older homes have little refurbishment, others have been totally remodeled.

2011 Homes Sold

There have been 21 homes sold (detached single family) so far in 2011 (Jan 1 – Feb 25) according to information provided by Metrolist MLS.

Of these solds, the year of construction of the homes ranged from 1908 to 2002. The median sold price was $337,000.

Median total days on market.

111 (Compared to 80 during the last 8 months. Likely indicative of seasonal differences in market.)

Low sold price – high sold price

$120,000 - $635,237

Ave price sq ft – ave price fin sq ft

$266 - $155

If you are thinking about buying a home in this or any other area in the area in the Denver/Boulder metro areas, please contact me and I’ll be glad to email you information on any area.

If you are considering selling, please contact me for a free CMA for your home.

Roy Johnson
303 875 1986
myhomecolorado@gmail.com
www.mybrokercolorado.com