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Granite countertops, stainless steel appliances, hardwood floors throughout, an indoor/outdoor fireplace, and a newly remodeled master bath—it sounds perfect! And it might very well be, but these days in Denver’s (hot, fast, lean, crazy—insert your adjective of choice) real estate market, by the time you contact the Realtor, your perfect home may already be gone.
According to Redfin, Denver is the 11th fastest real estate market in the country. Last quarter’s report from Fuller Sotheby’s International Realty reported a 41 percent decrease in inventory from the previous year and a 17.7 percent increase in home sales, and the average days a home was on the market dropped from 87 to 54. So we get that it’s fast, but we were curious—what happens in, say, just a week?
We partnered with Fuller Sotheby’s to track listings, sales, and offers from September 30 to October 6 to see what was really happening—and where. Overall in Denver, 234 homes were listed, 274 owners accepted offers, and 245 closed. Scroll over the map to find out what is happening by neighborhood. Some of the data (average home prices were higher in Wash Park than LoDo or Highland?!) may surprise you.
—Map courtesy of CartoCreative
Follow digital intern Kate Gibbons on Twitter at @GoGibbs.