The Denver Highlands neighborhood real estate market watch for June 2009 includes the West Highland and the Lower Highland (LoHi).
Denver Highlands Residential Market
As of July 8, there are 156 single family homes for sale in the combined West Highland/Lower Highland area.
Twenty (20) homes sold in the month of June meaning there’s almost 8 months of supply available in the residential real estate market. Homes selling this month were on the market an average of 38 days meaning well priced homes are selling!
The average original Highlands home selling price was$372,915 with a sold price at $356,850 and a net selling price of $353,528 meaning an average of about $3,300 in seller concessions and credits. This puts the average sold price per square foot at about $213, though this number can range greatly based on home improvements and condition.
Denver Highlands Condo Market
As of July 8, there are 121 condos for sale in the combined West Highland/Lower Highland area.
Seven (7) condos sold in the month of June meaning there’s almost 17 months of supply available in the Highlands condo real estate market, firmly a buyers market. Condos selling this month were on the market an average of 64 days.
The average Highlands condo original list price was$207.086 with a sold price at $240,829 and a net selling price of $239,543. This may be attributed to condos that were on the market at lower than market value and buyers were willing to pay more. This is frequently seen in short sales and bank owned, or REO, properties This puts the average sold price per square foot at about $242, though this number can range greatly based on home improvements and condition.
Follow this link for more information on Denver Highlands homes and condos for sale, including West Highland and Lower Highland (LoHi).
