This last quarter proves Congress Park real estate remains hot, hot, hot!

What an incredible finish for Congress Park! This final quarter the real estate market followed suite with Denver’s trends: a strong number of closings and increased home prices!

sie filmThe Congress Park Vibe: The Denver Film Center

As the hub of Denver’s vibrant film community is the Denver Film Center (also known as the Sie FilmCenter). Featuring numerous series and symposia, the center provides a richness of movie selections. Regular events include Women + Film, a free classic at the Tattered Cover, annual festivals and our beloved Film on the Rocks (the summer cinema/concert series held at Red Rocks Amphitheater). The Denver Film Center  2510 East Colfax, Denver, CO  80206

Congress-Park-Jan-2015

Congress Park Real Estate Statistics

Number of Active Listings

No surprise here – there was a 57% percent decrease in inventory this past quarter, with active listings decreasing from 91 to 39! A year ago at this time, there were 118 active listings.

Sold Homes

Congress Park had a slight dip in closings this past quarter. There were 55 homes sold between October to December, 2014, compared to 68 transactions between from July to September — a 19 percent decrease. Yet there was only one less transaction this past quarter compared to October to December, 2013 (56 sold homes)!

Days on the Market

This quarter it took longer for Congress Park properties to close. The days on the market (DOM) jumped by 79 percent, from 21 to 37 days.

Average Sales Price

During the holidays there was an increase in the average sales price, compared to the previous quarter. The average Congress Park home sold at $427,000, a 1% increase (from July to September it was $424,600).

 

Interesting in Buying or Selling Congress Park Real Estate?

Congress Park’s real estate has hit the ground running! Even in the dead of winter, it’s an excellent time to sell! I’m here to help you receive the best return on your home with my negotiation skills and in depth knowledge of our awesome neighborhood!

Contact me for advice or a consultation.

Eric Sultan

303.829.0814

eric@denvercitybroker.com

Eric Sultan

Congress Park Real Estate, Denver