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.
Country Club Historic District
Boundaries: First Avenue, Fourth Avenue, Sixth Avenue along Circle Drive, University Boulevard, Downing Street
The Neighborhood: One of the toniest addresses in the Denver area, the Country Club neighborhood suffers not from the fluctuations of the real estate market. That's mostly due to the hefty price tags; however, the district's unparalleled location and strikingly beautiful and architecturally diverse properties don't hurt either. The neighborhood—developed mostly in the 1910s and 1920s by some of Denver's then-prominent architects—showcases elaborate Denver Squares, Gothics, Colonials, Mediterraneans, and other early 20th-century eclectic revival styles. The area is so geographically, architecturally, and historically significant that in 1979 it landed on the National Register of Historic Places; it was designated a Landmark District in 1990. Residents, who lean toward a slightly older demographic, enjoy a high walkability factor in their 'hood: The adjacent Cherry Creek retail extravaganza and the Denver Country Club, which was built in conjunction with the neighborhood, both offer plenty of destination options for a sunny afternoon stroll.
Why It's a Safe Bet: Why wouldn't it be? Inventory is low, there's a dearth of buildable land, the location is spectacular, the neighborhood has built an identity that high-end buyers know and desire, the walkability factor is high, and the country club and Cherry Creek serve as strong anchors.
Average Sale Price: $1,082,000; 26 percent increase from 2006 to 2007
Neighborhood Organization: www.neighborhoodlink.com/denver/cchn
Meet a Neighbor: Bruce Stouffer
Vice President, Perreault Birmingham Group and President of Country Club Historic Neighborhood Association
Neighborhood Resident: 9 years
Loves: "You have large homes that are in a central area. You can walk to Cherry Creek or to Washington Park. We do that almost every weekend. In the summer, I ride my bike to work. The neighborhood sits right on the Cherry Creek bike path."
Doesn't Love: "The large and increasing volume of traffic on First Avenue. There's noise and congestion. It takes longer to get out of the neighborhood and into downtown. Also, people who are trying to avoid traffic cut through the neighborhood."
Advice to Prospective Buyers: "Be social. The neighborhood is more social than any place I've ever lived. The neighborhood held an ice-skating party the second week of February and lots of neighbors met people they didn't know. We do a Fourth of July event for kids, too."
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