As we bid adieu to 2015 let’s take a moment to reflect on the local real estate market in Riverfront Park.
As the Denver real estate market recovered post-recession, market activity in Riverfront Park has been relatively consistent. Since 2013, the neighborhood has experienced at least 100 real estate transactions per year. In 2015 there was a nominal dip in activity but as a whole, Riverfront Park has established a trend in which one can expect an annual neighborhood turnover between 8% – 10%.
The frequency in which residences are sold is consistent with other micro markets throughout the city of Denver. While sales fluctuate month-to-month, 30% of the homes sold between January and April, 40% sold between May and August and the final 30% of sales consummated between September and December.
It’s important to note that this data is reflective of the sale date not the date in which the home was introduced to market. A number of variables dictate the duration a home will remain in the active marketplace before going under contract. In 2015, the median days a residence spent active on the market was 36. On average, the time between receiving a contract and closing on the property is 30 days.
Using the information highlighted above, consider the following example:
If a property is sold on April 1st, the home was likely placed under contract on March 1st and introduced to the public in the latter half of January.
If you are interested in a comprehensive breakdown of each property sold in 2015, click here.
Should you have questions on the data presented in this report and how it relates to you, feel free to contact me using the information listed below. If you are considering selling your property in 2015 I encourage you to contact me directly to discuss how we are uniquely positioned to provide you the greatest marketing advantaging when selling your home.
Mile Hi Modern
LIV | Sotheby’s International Realty
255 Clayton Street, Unit 100
Denver, CO 80206
Recent Sales Information
See Recent Sales Information for the Past Year in any Riverfront Park Building.