The city’s housing market appears ripe for change as the average closing price for a home fell in late May compared to April, according to the latest report from the Denver Metro Association of Realtors.
Yes but: The decline was only about a quarter of a percentage point, according to Andrew Abrams, chairman of DMAR’s Market Trends Committee.
The big picture: Price gains flattened, and inventory increases may prove to be “early signs that the gravity of higher mortgage rates may finally be pulling the Denver metro area housing market back down to earth,” reports the Denver Post.
- The stock of single-family homes increased by 111.6% compared to 2021.
Here’s a collection of entries across Metro, all under $1 million.
1301 Spear Blvd. #301 – $315,000
Why we love it: The mountain views from this quaint open floor plan apartment are best enjoyed from a patio off the living room.
Area: Lincoln Park
Estate agents: Katie Thomas, Corcoran Perry & Co.
Specifications: 1 bed, 1 bath, 637 square feet
Notable Features: Bonus walk in closet. Shared laundry. A reserved parking space and large storage room.
1301 Spear Blvd. No. 301. Photo courtesy of Corcoran Perry & Co.1301 Spear Blvd. No. 301. Photo courtesy of Corcoran Perry & Co.1301 Spear Blvd. No. 301. Photo courtesy of Corcoran Perry & Co.
1255 N Ogden St. #607 – $429,000
Why we love it: Amenities in this condominium building include a heated swimming pool, sauna, exercise facility, entertainment center, media room, locked bike storage and an outdoor decking area with grill for entertaining.
Estate agents: Mary Ebel Decherd, Equity Colorado Real Estate
Specifications: 2 beds, 1 bath, 938 square feet
Notable Features: Sixth level, west facing with city and mountain views. Granite countertops, white shaker cabinets, breakfast bar, stainless steel appliances, and subway tiling. Wood burning fireplace and enclosed porch. Own underground parking space.
1255 N. Ogden St. #607. Photo: Equity Colorado Real Estate1255 N. Ogden St. #607. Photo: Equity Colorado Real Estate1255 N. Ogden St. #607. Photo: Equity Colorado Real Estate
9097 E 50th Ave – $579,969
Why we love it: The open space features large windows that let in natural light. A wraparound balcony offers ample outdoor living space. Also, this apartment is in a very walkable area.
Area: central park
Estate agents: Ken Greenfield, Corcoran Perry & Co.
Specifications: 2 bed, 3 bath, 1,676 square feet
Notable Features: Modern parasols, contemporary tiles. The master suite features a large vaulted ceiling with a walk-in closet and a five-piece bathroom with a large shower and deep soaking tub. Energy efficient oven and a water heater.
9097 E 50th Ave. Photo courtesy of Corcoran Perry & Co.9097 E 50th Ave. Photo courtesy of Corcoran Perry & Co.9097 E 50th Ave. Photo courtesy of Corcoran Perry & Co.
2250 S. Lowell Blvd. – $649,000
Why we love it: This newly renovated, spacious brick home – built in 1954 – features neat hardwood floors, a pergola-covered patio and natural light flooding the interior.
Area: Harvey Park
Estate agents: Shannon Garcia, Keller Williams Realty Downtown LLC
Specifications: 4 bed, 3 bath, 2,192 square feet
Notable Features: Remodeled kitchen equipped with stainless steel appliances. Oversized garage for one car. Exit windows, walk-in closet and a fully updated bathroom in the master bedroom.
2250 S Lowell Blvd. Photo courtesy of Keller Williams Realty Downtown LLC2250 S Lowell Blvd. Photo courtesy of Keller Williams Realty Downtown LLC2250 S Lowell Blvd. Photo courtesy of Keller Williams Realty Downtown LLC
1762 Weinstr. – $800,000
Why we love it: This home’s porch, hardwood floors, and original fireplace provide the architectural touches that hark back to a bygone era, while all essential elements have been updated for modern convenience.
Area: City Park West
Estate agents: Melinda Howlett, Compass
Specifications: 3 bed, 2 bath, 2,044 square feet
Notable Features: Dining area with rich furnishings, granite countertops and stainless steel fixtures including a range hood. Finished basement.
1762 Vine St. Photo courtesy of Compass 1762 Vine St. Photo courtesy of Compass 1762 Vine St. Photo courtesy of Compass
1801 Wynkoop St. #208 – $825,000
Why we love it: Modern finishes combine with historic character in this corner unit in the historic Ice House building. This industrial home offers easy access to Union Station, McGregor Square and Coors Field.
Estate agents: Courtney Ranson, miles modern
Specifications: 2 bed, 2 bath, 1,260 square feet
Notable Features: 14′ ceilings, exposed brickwork. Freestanding fireplace and parquet floor. Large windows, outside balcony. Two tandem garage spaces, dedicated storage unit and fitness center.
1801 Wynkoop Str. No. 208. Photo: Nate Polta / milehimodern1801 Wynkoop Str. No. 208. Photo: Nate Polta / milehimodern1801 Wynkoop Str. No. 208. Photo: Nate Polta / milehimodern