Congress Park home prices keep growing in time with the Denver market!

The fall continues to be an intense time for the Denver real estate market and Congress Park is no exception! While there were less homes on the market, average sold prices had a meaningful gain!

Two dogs at parkThe Congress Park Vibe:  Josephine Gardens Dog Park

With an increase in dog owners over the years, the city has worked hard to provide places for our canine friends to play. Hence Josephine Gardens Dog Park was built on Colfax Avenue, along the north edge of Congress Park. As a hard sand surface, it’s easy for owners to clean up. As we enter the winter, dog owners will appreciate the park is in the full sun. You’ll want to bring your own water as there is no water source except the “Adopt a Jug” program. Check out a video of the park.

Congress-Park-AugOct

Congress Park Real Estate Statistics

Number of Active Listings

There was a 17 percent increase in inventory this past quarter, with active listings up from 77 to 90. A year ago at this time, there were 201 active listings.

Sold Homes

Congress Park had an unusual dip in closings this past quarter. There were 58 homes sold between August to October, 2014, compared to 83 homes between from May to July — a 30 percent decrease.

Days on the Market

Curiously, Congress Park properties were on the market for twice as long this quarter! The days on the market (DOM) jumped by 96 percent, from 15 to 29 days.

Average Sales Price

An increase in the average sales price this past quarter grew Congress Park real estate from $377,000 to $429,000.

Interesting in Buying or Selling Congress Park Real Estate?

My family and I love calling Congress Park! I’m passionate about helping our neighbors have the best selling experience possible. And if you are considering buying, I’m happy to discuss if it’s the right place for you (and how to negotiate for So let me know if you’d like to discuss strategies for buying a house in this competitive market. Or if you are interested in selling your property, I can help you get the best return!

Contact me for advice or a consultation.

Eric Sultan

303.829.0814

eric@denvercitybroker.com

 

Eric Sultan

Congress Park Real Estate, Denver