April 2016 Riverfront Recap

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As I write April’s Rapid Recap I am warmed by the sun’s early morning rays which pierce the windows of my office. The snow has finally stopped and I think (hope!) we’ve seen the last of the snow for the season. Remarkably, April and May are typically busy months for the Denver real estate market but fickle weather patterns have certainly plagued April’s production. Likely, the intent to sell and the interest to purchase remains but it’s a matter of timing – a strategic game where weather is an important factor in the psychology of the market.

There were a few notable sales last month in Riverfront Park that are worth mentioning. First, an elusive one bedroom unit in the Flour Mill Lofts. The Flour Mill has always attracted the attention of buyers for its historic presence and architectural value; however, obtaining a one bedroom residence has always been difficult. In fact, in the past five years only four, one-bedroom units have sold in the Flour Mill, three of which occurred in the past 12 months. If the Flour Mill Lofts is where you want to be, do not wait!

On the opposite end of the neighborhood an equally unique product sold; Unit B in the enclave of Townhomes. Running along Cherry Creek this subset of 23 townhomes are a value-driven alternative to the higher-end, luxury walk-up townhomes and brownstones which dot the landscape along Little Raven Street. Not a single townhome sold in 2015 but two have already sold this year… will we see another?

Currently there are nine residences Under Contract and 34 residences available in Riverfront Park ranging from $400,000 to $2.6M. Check out the entire inventory by clicking here. Whether you’re looking to purchase or sell, contact us, your go-to neighborhood resource for real estate in Riverfront Park.

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Adam Moore
Mile Hi Modern
LIV | Sotheby’s International Realty

 Mobile: 303.956.8069
255 Clayton Street, Unit 100
Denver, CO 80206 

www.milehimodern.com | www.riverfrontdenver.com

Recent Sales Information

See Recent Sales Information for the Past Year in any Riverfront Park Building.

 

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