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Where to Buy (Even) Now Sure, things are tough around Denver, but good options exist—if you know where to look. We've found 14 neighborhoods offering safe bets in a shaky market. Plus, real estate insiders dish on up-and-coming areas where deals abound. By Lindsey B. Koehler, photographs by Stephen Collector May 2008 Page 14 of 20 StapletonBoundaries: Quebec Street, Montview Boulevard, Peoria Street, 64th Avenue The Neighborhood: Touted as the largest urban-redevelopment community in the nation, Stapleton certainly has a lot to offer: a 10-minute commute downtown, a 20-minute drive to DIA, three million square feet of retail space, two square miles of parks, a suburban feel within the city limits, some of the only new-build single-family homes in Denver, and plenty of community amenities like pools, tennis courts, sledding hills, and an off-leash dog park. With nearly 7,000 residents so far, the neighborhood attracts a diverse population due to the array of living options, but families reign supreme. Although there remains plenty of land in the development toward the north, most of Stapleton south of I-70 is built out—and that's a good thing for neighborhood real estate prices, which should increase as inventory decreases. The rule of thumb when buying a house in a large redevelopment community like Stapleton is location. Buyers should stake out corner lots and streets near pocket parks, pools, schools, and town centers. Specifically, Tamarac Street, Ulster Street, Akron Street, Yosemite Street, Xenia Street, and 23rd Avenue all boast walkable access to neighborhood anchors. Homes that surround Stapleton's 80-acre Central Park are expected to one day rival the coveted homes that surround Wash Park and City Park. Why It's a Safe Bet: Stapleton has a few downsides—available buildable land and a high inventory—but the community's assets are undeniable: good schools, great location, upcoming light-rail access, an established identity that attracts young families, a strong community organization that puts on events like the Stapleton farmers' market, the Sweet William market, the fall festival, and summer movie and concert nights, and a host of appealing neighborhood anchors such as the East 29th Avenue Town Center and Northfield at Stapleton. Average Sale Price: $454,000; 4 percent increase from 2006 to 2007 Website: www.stapletondenver.com
Loves: "We are very close to our neighbors. It's almost too good to be true. We go on vacations with our neighbors. Can you believe that? We have four block parties a year. If I won the lottery, I'd buy a house somewhere else but have my primary residence here." Doesn't Love: "There's a bit of traffic and minor crime, but that's just the city. It's nothing more than the norm." Advice to Prospective Buyers: "It's definitely a younger neighborhood. You have to be happy with kids around for the next 10 years at least. On our block there are 35 children between the ages one month and 6 years." Related Articles: Welcome to the Neighborhood
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