Congress Park Real Estate

Monthly Update

Congress Park Real Estate

Congress Park continues to cement its reputation as a solid Denver community neighborhood with new quarterly figures that indicate no end of the seller’s market.

.

Nothing Spooky About It

The centerpiece around which Congress Park real estate evolves is, of course, the park itself. The park has an outdoor pool and recreation center; often, you can hear live music playing here. You may not know that the neighborhood used to be a large cemetery that impinged so much on the growth of nearby Capitol Hill that Colorado State Senator Henry Teller offered a bill to transform the cemetery into a park.

Don’t worry, though — the bodies were moved to a new home long ago.

.

Congress Park Real Estate for Sale

There were 69 active listings in the neighborhood in March – May, 2014, 11 percent more than in the previous quarter, when there were 62 homes. Compare that to the 242 homes on the market a year ago at this time, and it’s safe to say that inventory has shrunk.

.

Sold Homes

This past quarter had a 24 percent increase in the number of homes sold. There were 56 homes sold from March – May, 2014, and only 45 homes sold the previous quarter. Again, these figures are dwarfed by the 109 homes sold a year ago in the same period.

.

Days on the Market

Inventory is definitely moving faster, up 38 percent over the previous quarter and even up 8 percent from a year ago. Congress Park real estate only remained on the market 64 days from March – May, 2014. In the previous quarter, it stuck around 103 days.

.

Average Sales Price

Average Congress Park real estate sales prices for this last quarter were $378,187. That figure is virtually unchanged either from the previous quarter or the sales price of a year ago. As inventory continues to shrink, however, prices may go higher.

 

Interested in Congress Park Real Estate, Denver?
Check out my tips and activity in the area.
Or contact me for advice or a consultation.
Eric Sultan
eric@denvercitybroker.com
303.829.0814

Eric Sultan
Congress Park Real Estate, Denver